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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.

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Average High Low
Target share price 78.40 113.00 56.00

BASF Group Estimates

Million € Average High Low
Sales 18,207 19,444 14,851
EBITDA 2,365 2,710 2,062
EBIT before special items 1,312 1,571 833
EBIT 1,254 1,611 833
Income before income taxes 1,159 1,719 131
Net income 881 1,555 142
Earnings per Share (reported) (€) 0.94 1.69 0.15
Earnings per Share (adjusted) (€) 1.01 1.48 0.11

Million € Average High Low
Sales 77,029 78,266 73,673
EBITDA 11,469 11,814 11,166
EBIT before special items 7,853 8,112 7,374
EBIT 7,703 8,060 7,282
Income before income taxes 7,372 7,932 6,344
Net income 5,506 6,180 4,767
Earnings per Share (reported) (€) 5.99 6.73 5.19
Earnings per Share (adjusted) (€) 6.60 7.07 5.70
Dividend per Share (€) 3.39 3.50 3.30

Million € Average High Low
Sales 74,791 79,758 67,605
EBITDA 10,516 11,516 9,762
EBIT before special items 7,046 9,172 6,213
EBIT 6,897 9,172 6,115
Income before income taxes 6,691 8,617 4,750
Net income 4,897 6,015 3,571
Earnings per Share (reported) (€) 5.33 6.55 3.89
Earnings per Share (adjusted) (€) 5.93 6.69 4.79
Dividend per Share (€) 3.46 3.59 3.30

Million € Average High Low
Sales 76,285 83,793 68,589
EBITDA 10,948 12,188 10,262
EBIT before special items 7,275 9,327 6,549
EBIT 7,170 9,327 6,441
Income before income taxes 6,818 8,756 5,169
Net income 5,010 6,282 3,886
Earnings per Share (reported) (€) 5.45 6.84 4.23
Earnings per Share (adjusted) (€) 6.09 7.39 4.96
Dividend per Share (€) 3.52 3.68 3.30

Segment Estimates

Million €

Average High Low
Chemicals      

Sales

3,304 3,582 2,733

EBIT before special items

558 733 270
Materials      

Sales

3,703 3,933 3,277

EBIT before special items

495 586 348
Industrial Solutions      

Sales

2,076 2,332 1,842

EBIT before special items

197 249 94
Surface Technologies      

Sales

5,224 6,352 4,106

EBIT before special items

117 257 -6
Nutrition & Care      

Sales

1,565 1,686 1,324

EBIT before special items

105 195 61
Agricultural Solutions      

Sales

1,739 1,875 1,541

EBIT before special items

34 173 -78
Other      

Sales

754 989 148

EBIT before special items

-198 -59 -332

Million €

Average High Low
Chemicals      

Sales

13,152 13,430 12,581

EBIT before special items

2,956 3,131 2,668
Materials      

Sales

14,866 15,096 14,440

EBIT before special items

2,590 2,681 2,443
Industrial Solutions      

Sales

8,748 9,004 8,514

EBIT before special items

1,032 1,084 929
Surface Technologies      

Sales

22,694 23,822 21,576

EBIT before special items

885 1,025 762
Nutrition & Care      

Sales

6,280 6,401 6,039

EBIT before special items

565 655 521
Agricultural Solutions      

Sales

8,141 8,277 7,943

EBIT before special items

826 965 714
Other      

Sales

3,306 3,541 2,700

EBIT before special items

-1,005 -866 -1,139

Million €

Average High Low
Chemicals      

Sales

12,200 13,845 9,199

EBIT before special items

1,971 2,441 1,476
Materials      

Sales

14,516 15,932 13,116

EBIT before special items

2,129 2,500 1,595
Industrial Solutions      

Sales

8,772 9,744 8,079

EBIT before special items

1,040 1,173 913
Surface Technologies      

Sales

21,663 24,906 17,568

EBIT before special items

940 1,549 570
Nutrition & Care      

Sales

6,607 6,871 6,469

EBIT before special items

729 983 596
Agricultural Solutions      

Sales

8,456 8,889 8,010

EBIT before special items

1,041 1,418 865
Other      

Sales

3,309 3,610 2,434

EBIT before special items

-710 -208 -900

Million €

Average High Low
Chemicals      

Sales

12,467 14,261 9,400

EBIT before special items

1,900 2,539 1,511
Materials      

Sales

15,071 16,466 14,287

EBIT before special items

2,166 2,644 1,662
Industrial Solutions      

Sales

8,961 9,632 8,321

EBIT before special items

1,072 1,200 1,002
Surface Technologies      

Sales

21,991 25,720 16,888

EBIT before special items

1,050 1,717 560
Nutrition & Care      

Sales

6,831 7,164 6,582

EBIT before special items

802 1,035 659
Agricultural Solutions      

Sales

8,753 9,413 8,250

EBIT before special items

1,120 1,569 957
Other      

Sales

3,295 3,683 2,454

EBIT before special items

-761 -608 -902

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 November 5, 2021