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Analyst Estimates

BASF is widely covered by various German and international financial analysts, who provide their own research analyses and earnings estimates in respect of the company. On this page we provide you with the analyst estimates compiled monthly by Vara Research.

As before, BASF will neither be involved in the collection of the information nor in the compilation of the estimates; this will still be done independently by Vara Research.

The analyst estimates are exclusively based on the analyses of financial analysts who are independent from BASF. Any opinions, forecasts, estimates, projections or predictions regarding BASF’s performance (ultimately represented by the figures of the analyst estimates) given by the analysts only reflect their view and do not represent the opinions, forecasts, estimates, projections or predictions of BASF or its management.

BASF SE only renders the analyst estimates (average, high and low) compiled by Vara Research on this website. This does not imply that the company endorses, concurs with or adopts such information, conclusions or recommendations. BASF assumes no liability for the accuracy of such estimates and undertakes no obligation to update or revise such estimates, even if they differ from our own forecasts or expectations.

Chart with the current recommendations: Buy 45% / Hold 35% / Sell 20%

BASF Share

€

Average

High

Low

Target share price

53.60

64.00

40.00

BASF Group Estimates

Including only analyst estimates that reflect Coatings as discontinued operations

Analyst Estimates - Q3 2026

Million €

Average

High

Low

Sales

15,665

16,038

15,212

EBITDA before special items

1,495

1,669

1,251

EBITDA

1,387

1,569

1,218

EBIT before special items

502

649

287

EBIT

444

549

287

Income before income taxes

326

435

134

Net income

196

296

88

Earnings per Share (reported) (€)

0.26

0.34

0.10

Earnings per Share (adjusted) (€)

0.38

0.53

0.25

Analyst Estimates - Q4 2026

Million €

Average

High

Low

Sales

15,113

16,338

13,832

EBITDA before special items

1,306

1,576

1,114

EBITDA

1,404

1,480

1,280

EBIT before special items

259

474

59

EBIT

329

374

256

Income before income taxes

326

688

158

Net income

45

193

-191

Earnings per Share (reported) (€)

0.17

0.23

0.12

Earnings per Share (adjusted) (€)

0.19

0.48

-0.22

Analyst Estimates - FY 2026

Million €

Average

High

Low

Sales

63,706

65,363

62,270

EBITDA before special items

7,634

8,050

6,945

EBITDA

6,905

7,195

6,573

EBIT before special items

3,705

4,174

3,371

EBIT

3,003

3,763

2,648

Income before income taxes

2,453

2,971

2,052

Net income

5,376

6,014

4,990

Earnings per Share (reported) (€)

6.17

6.91

5.71

Earnings per Share (adjusted) (€)

3.16

3.61

2.69

Dividend per Share (€)

2.28

2.40

2.25

Free cashflow

2,145

3,504

471

Analyst Estimates - FY 2027

Million €

Average

High

Low

Sales

64,532

68,439

61,348

EBITDA before special items

7,740

8,803

6,681

EBITDA

7,556

8,753

6,456

EBIT before special items

3,684

4,902

2,750

EBIT

3,619

4,902

2,525

Income before income taxes

3,242

4,305

2,023

Net income

2,270

3,307

1,480

Earnings per Share (reported) (€)

2.66

4.00

1.76

Earnings per Share (adjusted) (€)

3.05

3.95

2.32

Dividend per Share (€)

2.32

2.58

2.25

Free cashflow

3,121

5,111

1,910

Analyst Estimates - FY 2028

Million €

Average

High

Low

Sales

66,454

71,675

62,900

EBITDA before special items

8,373

9,630

7,328

EBITDA

8,231

9,580

7,128

EBIT before special items

4,227

5,046

3,359

EBIT

4,155

4,996

3,047

Income before income taxes

3,775

4,868

2,609

Net income

2,712

3,530

1,856

Earnings per Share (reported) (€)

3.22

4.07

2.28

Earnings per Share (adjusted) (€)

3.64

4.46

2.82

Dividend per Share (€)

2.35

2.75

2.25

Free cashflow

3,181

4,721

1,999

Segment Estimates

Including only analyst estimates that reflect Coatings as discontinued operations

Segments - Analyst Estimates - Q3 2026

Million €

Average

High

Low

Chemicals   
Sales

3,279

3,966

2,992

EBITDA before special items

364

411

317

Materials

 

 

 

Sales

3,573

3,831

3,373

EBITDA before special items

514

651

337

Industrial Solutions

 

 

 

Sales

2,267

2,348

2,198

EBITDA before special items

332

371

286

Nutrition & Care

 

 

 

Sales

1,711

1,802

1,570

EBITDA before special items

177

213

127

Surface Technologies

 

 

 

Sales

2,302

2,586

1,957

EBITDA before special items

148

196

108

Agricultural Solutions

 

 

 

Sales

1,738

1,848

1,591

EBITDA before special items

85

203

29

Other

 

 

 

Sales

855

910

803

EBITDA before special items

-117

-64

-200

Segments - Analyst Estimates - Q4 2026

Million €

Average

High

Low

Chemicals   
Sales

2,848

4,052

2,436

EBITDA before special items

201

321

91

Materials

 

 

 

Sales

3,145

3,202

3,094

EBITDA before special items

340

401

258

Industrial Solutions

 

 

 

Sales

2,108

2,198

2,036

EBITDA before special items

255

292

209

Nutrition & Care

 

 

 

Sales

1,567

1,698

1,392

EBITDA before special items

128

181

101

Surface Technologies

 

 

 

Sales

2,192

2,406

2,044

EBITDA before special items

135

204

108

Agricultural Solutions

 

 

 

Sales

2,483

2,590

2,395

EBITDA before special items

385

440

368

Other

 

 

 

Sales

735

860

496

EBITDA before special items

-131

-90

-199

Segments - Analyst Estimates - FY 2026

Million €

Average

High

Low

Chemicals   
Sales

12,253

14,275

11,764

EBITDA before special items

1,181

1,286

1,056

Materials

 

 

 

Sales

13,780

14,003

13,561

EBITDA before special items

2,161

2,331

1,925

Industrial Solutions

 

 

 

Sales

8,820

9,088

8,654

EBITDA before special items

1,379

1,456

1,285

Nutrition & Care

 

 

 

Sales

6,672

6,932

6,340

EBITDA before special items

709

790

649

Surface Technologies

 

 

 

Sales

9,524

10,023

9,109

EBITDA before special items

675

735

608

Agricultural Solutions

 

 

 

Sales

9,543

9,752

9,299

EBITDA before special items

2,010

2,194

1,948

Other

 

 

 

Sales

3,396

3,519

3,096

EBITDA before special items

-492

-414

-562

Segments - Analyst Estimates - FY 2027

Million €

Average

High

Low

Chemicals   
Sales

12,171

13,525

10,877

EBITDA before special items

1,371

1,791

1,130

Materials

 

 

 

Sales

13,705

15,137

12,089

EBITDA before special items

1,960

2,448

1,588

Industrial Solutions

 

 

 

Sales

8,923

9,725

8,007

EBITDA before special items

1,359

1,507

1,233

Nutrition & Care

 

 

 

Sales

6,811

7,018

6,435

EBITDA before special items

770

893

681

Surface Technologies

 

 

 

Sales

9,756

10,316

9,200

EBITDA before special items

730

868

588

Agricultural Solutions

 

 

 

Sales

9,902

10,427

9,489

EBITDA before special items

2,121

2,273

1,929

Other

 

 

 

Sales

3,394

3,602

2,994

EBITDA before special items

-568

-440

-679

Segments - Analyst Estimates - FY 2028

Disclaimer: This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

BASF Analyst Estimates1

October 7, 2026
1 Including only analyst estimates that reflect Coatings as discontinued operations
XLS (74.50 KB)
Last UpdateOctober 7, 2026