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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 for Buy - Hold - Sell

BASF Share

Average High Low
Target share price 50.28 61.00 40.00

BASF Group Estimates

Million € Average High Low
Sales 18,159 20,054 16,711
EBITDA 1,670 1,847 1,528
EBIT before special items 750 1,091 577
EBIT 675 882 577
Income before income taxes 582 752 410
Net income 400 529 286
Earnings per Share (reported) (€) 0.48 0.73 0.32
Earnings per Share (adjusted) (€) 0.62 0.76 0.48

Million € Average High Low
Sales 17,884 19,619 16,381
EBITDA 1,701 2,320 963
EBIT before special items 565 735 304
EBIT 512 735 27
Income before income taxes 376 743 -272
Net income 261 539 -312
Earnings per Share (reported) (€) 0.28 0.60 -0.35
Earnings per Share (adjusted) (€) 0.59 0.80 0.25

Million € Average High Low
Sales 73,885 80,602 71,091
EBITDA 7,964 8,673 7,160
EBIT before special items 4,247 4,551 4,013
EBIT 4,046 4,365 3,749
Income before income taxes 3,795 4,207 3,260
Net income 2,817 3,154 2,213
Earnings per Share (reported) (€) 3.17 3.54 2.48
Earnings per Share (adjusted) (€) 3.75 4.14 2.94
Dividend per Share (€) 3.29 3.50 2.00

Million € Average High Low
Sales 76,457 89,944 73,762
EBITDA 9,394 10,994 8,372
EBIT before special items 5,407 6,389 4,772
EBIT 5,137 5,901 4,739
Income before income taxes 4,934 5,840 4,075
Net income 3,699 4,360 2,967
Earnings per Share (reported) (€) 4.13 4.88 3.32
Earnings per Share (adjusted) (€) 4.71 5.45 3.78
Dividend per Share (€) 3.29 3.60 2.10

Million € Average High Low
Sales 78,903 87,842 76,237
EBITDA 10,419 11,937 9,435
EBIT before special items 6,312 7,919 5,347
EBIT 6,061 7,103 5,228
Income before income taxes 5,819 7,023 5,021
Net income 4,414 5,259 3,774
Earnings per Share (reported) (€) 4.93 5.89 4.23
Earnings per Share (adjusted) (€) 5.47 6.74 4.25
Dividend per Share (€) 3.34 3.70 2.20

Segment Estimates

Million €

Average High Low
Chemicals      

Sales

2,842 3,179 2,503

EBIT before special items

185 255 80
Materials      

Sales

3,774 4,126 3,481

EBIT before special items

210 304 -15
Industrial Solutions      

Sales

2,173 2,429 1,841

EBIT before special items

167 276 107
Surface Technologies      

Sales

4,491 5,013 4,053

EBIT before special items

222 276 190
Nutrition & Care      

Sales

1,828 2,123 1,518

EBIT before special items

70 141 33
Agricultural Solutions      

Sales

2,054 2,162 1,858

EBIT before special items

-2 54 -90
Other      

Sales

996 1,300 610

EBIT before special items

-112 -14 -170

Million €

Average High Low
Chemicals      

Sales

2,525 2,914 2,197

EBIT before special items

92 196 -66
Materials      

Sales

3,671 4,098 3,265

EBIT before special items

157 299 -19
Industrial Solutions      

Sales

2,020 2,253 1,760

EBIT before special items

138 221 63
Surface Technologies      

Sales

4,508 4,912 3,933

EBIT before special items

174 224 146
Nutrition & Care      

Sales

1,835 2,195 1,587

EBIT before special items

74 133 11
Agricultural Solutions      

Sales

2,267 2,582 2,078

EBIT before special items

57 164 -73
Other      

Sales

1,058 1,619 604

EBIT before special items

-127 20 -317

Million €

Average High Low
Chemicals      

Sales

10,880 11,484 10,427

EBIT before special items

719 847 544
Materials      

Sales

14,919 15,677 14,275

EBIT before special items

873 1,033 655
Industrial Solutions      

Sales

8,395 8,808 7,794

EBIT before special items

650 795 554
Surface Technologies      

Sales

17,773 18,729 17,101

EBIT before special items

890 957 832
Nutrition & Care      

Sales

7,203 7,856 6,643

EBIT before special items

261 390 166
Agricultural Solutions      

Sales

10,437 10,845 10,085

EBIT before special items

1,528 1,678 1,340
Other      

Sales

3,693 4,476 2,889

EBIT before special items

-680 -504 -900

Million €

Average High Low
Chemicals      

Sales

11,371 12,403 10,296

EBIT before special items

1,051 1,302 498
Materials      

Sales

15,361 16,570 13,945

EBIT before special items

1,313 1,552 1,052
Industrial Solutions      

Sales

8,723 9,204 8,183

EBIT before special items

794 925 660
Surface Technologies      

Sales

18,567 20,005 17,409

EBIT before special items

997 1,192 856
Nutrition & Care      

Sales

7,496 7,726 7,214

EBIT before special items

496 661 349
Agricultural Solutions      

Sales

10,680 11,279 9,725

EBIT before special items

1,515 1,722 1,313
Other      

Sales

3,643 4,589 2,480

EBIT before special items

-772 -600 -1,000

Million €

Average High Low
Chemicals      

Sales

11,879 13,106 10,747

EBIT before special items

1,321 1,685 932
Materials      

Sales

16,008 17,564 14,700

EBIT before special items

1,641 1,995 1,276
Industrial Solutions      

Sales

9,058 9,613 8,593

EBIT before special items

912 998 695
Surface Technologies      

Sales

19,321 21,076 18,212

EBIT before special items

1,081 1,419 802
Nutrition & Care      

Sales

7,765 8,025 7,466

EBIT before special items

614 850 446
Agricultural Solutions      

Sales

11,004 11,730 10,114

EBIT before special items

1,551 1,928 1,354
Other      

Sales

3,616 4,703 2,185

EBIT before special items

-788 -644 -1,028

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.

Last Update September 13, 2023