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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

(BAS)
  Report
Real-time Estimate Quote. Real-time Estimate TRADEGATE AG - 10/27 08:09:04 pm
50.2050 EUR   -1.94%
12:50pCovestro reports third-quarter profit beat on strong Asia, furniture units
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06:05aBASF : Marko Grozdanovic appointed to head of Personal Care Europe business unit at BASF
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05:05aBASF : Third Quarter
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BASF : Shares Drop After No 2020 Guidance Issued

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07/29/2020 | 06:46am EDT

By Kim Richters

 

Shares in BASF SE fell on Wednesday after the chemical conglomerate still wasn't able to provide results forecasts for the full year.

The German company said it couldn't provide an outlook on sales and earnings due to economic uncertainty and low visibility amid the coronavirus pandemic.

At 0930 GMT, shares in BASF traded 5.3% lower at EUR49.35.

As for the current third quarter, it said it didn't expect a significant improvement in its operating profit before special items compared with the second quarter, partly because demand was generally lower in August and as its agriculture business is seasonal.

BASF reported a 77% decline in operating profit before special items, namely earnings before interest, taxes and special items, to EUR226 million in the second quarter. It came in at EUR1.12 billion in the third quarter last year.

Analysts now expect downgrades to third-quarter and full-year consensus estimates. EBIT before special items this quarter was expected at EUR669 million, according to the consensus estimates provided by Vara Research.

"This increases the pressure on FY21E expectations as the exit-rate looks increasingly challenged and will likely weigh on sentiment for the shares," analysts at Citi said.

BASF confirmed previously released preliminary figures on Wednesday, including a net loss of EUR878 million for the second quarter.

 

Write to Kim Richters at kim.richters@wsj.com

 


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Financials
Sales 2020 56 610 M 66 984 M 66 984 M
Net income 2020 -1 508 M -1 784 M -1 784 M
Net Debt 2020 15 386 M 18 205 M 18 205 M
P/E ratio 2020 -31,2x
Yield 2020 5,84%
Capitalization 46 227 M 54 707 M 54 698 M
EV / Sales 2020 1,09x
EV / Sales 2021 1,04x
Nbr of Employees 117 563
Free-Float 100%
Chart BASF SE
Duration : Period :
BASF SE Technical Analysis Chart | MarketScreener
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Technical analysis trends BASF SE
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 56,83 €
Last Close Price 51,20 €
Spread / Highest target 32,8%
Spread / Average Target 11,0%
Spread / Lowest Target -31,8%
EPS Revisions
Managers
NameTitle
Martin Brudermüller Chairman-Executive Board & CTO
Kurt Wilhelm Bock Chairman-Supervisory Board
Hans-Ulrich Engel CFO & Vice Chairman-Executive Board
Franz Fehrenbach Independent Member-Supervisory Board
Denise Schellemans Independent Member-Supervisory Board
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