BASF SE (BAS.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BAS - DE000BASF111 - Common Stock
46.1 EUR
-0.24 (-0.52%)
We assign a fundamental rating of 3 out of 10 to BAS. BAS was compared to 71 industry peers in the Chemicals industry. BAS may be in some trouble as it scores bad on both profitability and health. BAS has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year BAS was profitable.
- In the past year BAS had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: BAS reported negative net income in multiple years.
- BAS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.36%, BAS is doing worse than 60.56% of the companies in the same industry.
- BAS has a Return On Equity of 0.83%. This is in the lower half of the industry: BAS underperforms 60.56% of its industry peers.
- BAS's Return On Invested Capital of 1.55% is on the low side compared to the rest of the industry. BAS is outperformed by 60.56% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BAS is below the industry average of 7.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.36% | ||
| ROE | 0.83% | ||
| ROIC | 1.55% |
ROA(3y)0.39%
ROA(5y)1.23%
ROE(3y)0.9%
ROE(5y)2.62%
ROIC(3y)3.26%
ROIC(5y)3.13%
1.3 Margins
- The Profit Margin of BAS (0.43%) is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of BAS has declined.
- BAS has a Operating Margin (2.99%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of BAS has declined.
- BAS has a worse Gross Margin (25.75%) than 64.79% of its industry peers.
- In the last couple of years the Gross Margin of BAS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.99% | ||
| PM (TTM) | 0.43% | ||
| GM | 25.75% |
OM growth 3Y-20.75%
OM growth 5Y-6.65%
PM growth 3Y-34.34%
PM growth 5Y-32.5%
GM growth 3Y0.64%
GM growth 5Y-1.3%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BAS is destroying value.
- The number of shares outstanding for BAS remains at a similar level compared to 1 year ago.
- BAS has less shares outstanding than it did 5 years ago.
- BAS has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.33 indicates that BAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
- BAS has a Altman-Z score of 2.33. This is comparable to the rest of the industry: BAS outperforms 47.89% of its industry peers.
- BAS has a debt to FCF ratio of 76.45. This is a negative value and a sign of low solvency as BAS would need 76.45 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 76.45, BAS is not doing good in the industry: 60.56% of the companies in the same industry are doing better.
- A Debt/Equity ratio of 0.58 indicates that BAS is somewhat dependend on debt financing.
- The Debt to Equity ratio of BAS (0.58) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 76.45 | ||
| Altman-Z | 2.33 |
ROIC/WACC0.29
WACC5.31%
2.3 Liquidity
- A Current Ratio of 1.92 indicates that BAS should not have too much problems paying its short term obligations.
- With a decent Current ratio value of 1.92, BAS is doing good in the industry, outperforming 60.56% of the companies in the same industry.
- BAS has a Quick Ratio of 1.16. This is a normal value and indicates that BAS is financially healthy and should not expect problems in meeting its short term obligations.
- BAS's Quick ratio of 1.16 is in line compared to the rest of the industry. BAS outperforms 53.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.16 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 14.91% over the past year.
- The Earnings Per Share has been decreasing by -2.33% on average over the past years.
- Looking at the last year, BAS shows a decrease in Revenue. The Revenue has decreased by -2.94% in the last year.
- Measured over the past years, BAS shows a small growth in Revenue. The Revenue has been growing by 1.93% on average per year.
EPS 1Y (TTM)14.91%
EPS 3Y-19.55%
EPS 5Y-2.33%
EPS Q2Q%62.5%
Revenue 1Y (TTM)-2.94%
Revenue growth 3Y-6.01%
Revenue growth 5Y1.93%
Sales Q2Q%-3.23%
3.2 Future
- The Earnings Per Share is expected to grow by 1.36% on average over the next years.
- BAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.85% yearly.
EPS Next Y-24.78%
EPS Next 2Y-12.35%
EPS Next 3Y-0.86%
EPS Next 5Y1.36%
Revenue Next Year-5.6%
Revenue Next 2Y-2.37%
Revenue Next 3Y-0.5%
Revenue Next 5Y0.85%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 14.59, BAS is valued correctly.
- Based on the Price/Earnings ratio, BAS is valued cheaper than 81.69% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.87, BAS is valued a bit cheaper.
- BAS is valuated rather expensively with a Price/Forward Earnings ratio of 17.05.
- BAS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BAS is cheaper than 64.79% of the companies in the same industry.
- BAS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.59 | ||
| Fwd PE | 17.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BAS is valued a bit cheaper than 66.20% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as BAS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 138.07 | ||
| EV/EBITDA | 9.58 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.35%
EPS Next 3Y-0.86%
5. Dividend
5.1 Amount
- BAS has a Yearly Dividend Yield of 4.84%, which is a nice return.
- BAS's Dividend Yield is rather good when compared to the industry average which is at 2.45. BAS pays more dividend than 81.69% of the companies in the same industry.
- BAS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.84% |
5.2 History
- The dividend of BAS has a limited annual growth rate of 2.83%.
Dividend Growth(5Y)2.83%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- BAS pays out 788.28% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of BAS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP788.28%
EPS Next 2Y-12.35%
EPS Next 3Y-0.86%
BASF SE / BAS.DE FAQ
What is the fundamental rating for BAS stock?
ChartMill assigns a fundamental rating of 3 / 10 to BAS.DE.
What is the valuation status of BASF SE (BAS.DE) stock?
ChartMill assigns a valuation rating of 4 / 10 to BASF SE (BAS.DE). This can be considered as Fairly Valued.
What is the profitability of BAS stock?
BASF SE (BAS.DE) has a profitability rating of 2 / 10.
What is the earnings growth outlook for BASF SE?
The Earnings per Share (EPS) of BASF SE (BAS.DE) is expected to decline by -24.78% in the next year.
Is the dividend of BASF SE sustainable?
The dividend rating of BASF SE (BAS.DE) is 6 / 10 and the dividend payout ratio is 788.28%.