BASF on the capital market
With over 500,000 shareholders, BASF is one of the largest publicly owned companies with a high free float. An analysis of the shareholder structure carried out at the end of 2017 showed the following shareholder distribution:
||Shareholders in %|
|United States and Canada||20%||2
|United Kingdom and Ireland||12%||3
|Rest of Europe||17%||4
|Rest of world||5%||5
Approximately 29% of the company’s share capital is held by private investors, nearly all of whom reside in Germany. BASF is therefore one of the DAX 30 companies with the largest percentage of private shareholders.
In many countries, we offer share purchase programs that turn our employees into BASF shareholders. In 2017, for example, 23,700 employees (2016: approximately 24,000) purchased employee shares worth €63 million (2016: €59 million).
For further information, please refer to the BASF Report 2017.
Since 2004, BASF has participated in the CDP’s program for reporting on data relevant to climate protection. The international organization CDP represents more than 800 institutional investors who manage over $100 trillion in assets. BASF again achieved a score of A- in 2017, awarding it “Leadership” status. Companies on this level are distinguished by factors such as the completeness and transparency of their reporting. They also have approaches in place for managing the opportunities and risks associated with climate change as well as corporate strategies to reduce emissions. BASF has also reported on water management to CDP since 2010 and was again included in the CDP Water A List in 2017. This assessment includes how transparently companies report on water management activities, the degree to which risks are reduced and the extent to which product developments contribute to sustainable water management at customers. Efficient water use and the development of sustainable local solutions are important elements of BASF’s water stewardship strategy.
BASF continued to be included in the MSCI ESG Ratings in 2017 with a score of AA. The analysts recognized that BASF has made further progress in reducing greenhouse gas emissions and has one of the lowest emissions intensities in the chemical industry.
The BASF share closed the 2017 stock market year with a closing price of €91.74. This equates to a 3.9% rise in the value of BASF shares compared with the previous year’s closing price, which also marked the high for 2016. Assuming that dividends were reinvested, BASF shares gained 7.4% in value in 2017. The benchmark indexes of the German and European stock markets – the DAX 30 and the EURO STOXX 50 – rose by 12.5% and 9.2% over the same period, respectively. The global industry index MSCI World Chemicals gained 23.6%.
1 With dividends reinvested
The BASF share reached a new high of €97.46 over the course of 2017. Viewed over a 10-year period, the long-term performance of BASF shares still clearly surpasses the German, European and global benchmark indexes. The assets of an investor who invested €1,000 in BASF shares at the end of 2007 and reinvested the dividends in additional BASF shares would have increased to €2,676 by the end of 2017. This represents an annual yield of 10.3%, placing BASF shares above the returns for the DAX 30 (4.8%), EURO STOXX 50 (0.8%) and MSCI World Chemicals (6.8%) indexes.
Long-term performance of BASF shares compared with indexes
(Average annual performance with dividends reinvested)
American depositary receipts (ADRs) allow U.S. institutional and retail investors to trade and own non-U.S. companies directly through the U.S. equity markets. BASF has a sponsored level 1 program, which is traded on OTC-QX, the platform for international quality companies on OTC markets. BASF’s ADR (Symbol: BASFY) is part of the OTC-QX30 index, which comprises the 30 largest ADR programs listed on OTC markets.
For further information, please see BASF ADRs
Change in value of an investment in BASF shares in 2017
(with dividends reinvested; indexed)
For 2017, BASF paid a dividend of €3.10 per share, up 3.3% versus the previous year. We stand by our ambitious dividend policy and paid out €2.8 billion to our shareholders. Based on the year-end share price for 2017, BASF shares offered a high dividend yield of around 3.4%. BASF is part of the DivDAX share index, which contains the 15 companies with the highest dividend yield in the DAX 30.
Dividend per share1
(€ per share)
Around 30 financial analysts regularly publish studies on BASF. The latest analyst recommendations for our shares as well as the average target share price ascribed to BASF by analysts can be found online at basf.com/analystestimates.
|Share buybacks (million €)||1,618||–
|Dividends (million €)||1,791||1,561||2,021||2,296||2,388||2,480||2,572||2,664||2,755||2,847|
|Total (million €)||3,409||1,561||2,021||2,296||2,388||2,480||2,572||2,664||2,755||2,847|
|Dividend per share (€ )1||1.95||1.70||2.20||2.50||2.60||2.70||2.80||2.90||3.00||3.10|
|Share price at year-end (€/share)1||27.73||43.46||59.70||53.89||71.15||77.49||69.88||70.72||88.31||91.74|
|Dividend yield (%)||7.0||3.9||3.7||4.6||3.7||3.5||4.0||4.1||3.4||3.4|
|Payout ratio (%)||62||111||44||37||50||52||50||67||68||47|
|Price/earnings ratio (P/E ratio)||8.9||28.2||12.0||8.0||13.6||14.8||12.5||16.3||20.0||13.9|
|Free cash flow yield (%)2||9.8||8.0||7.1||7.5||4.0||4.5||2.6||5.6||4.4||5.7|
1 Adjusted for 2-1 stock split in 2008
2 Free cash flow per share at year-end divided by share price at year-end