basf se (BFA:London)
basf se (BFA) Snapshot
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Open
€73.94
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Previous Close
€74.34
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Day High
€75.83
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Day Low
€73.94
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52 Week High
01/30/13 - €76.95
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52 Week Low
06/28/12 - €51.40
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Market Cap
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Average Volume 10 Days
135.4K
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EPS TTM
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Shares Outstanding
0.0
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EX-Date
04/29/13
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P/E TM
--
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Dividend
€2.60
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Dividend Yield
3.51%
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Related News
basf se (BFA) Related Businessweek News
basf se (BFA) Details
BASF SE operates as a chemical company worldwide. The company’s Chemicals segment provides basic chemicals, glues, and electronic chemicals for the semiconductor and solar cell industries; solvents and plasticizers; and starting materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and pharmaceuticals. Its Plastics segment offers performance polymers, such as engineering plastics, polyamides, and polyamide intermediates, as well as foams and specialty plastics; and polyurethanes, including basic products, tailor-made systems, and specialties for the construction and automotive industries, and household appliances. The company’s Performance Products segment offers dispersions and pigments for the formulation of coatings, printing and packaging inks, varnishes, adhesives, and construction materials; care chemicals for hygiene, personal care, home care, and industrial and institutional cleaning businesses; products for the food and feed, flavor and fragrance, and pharmaceutical industries; paper chemicals; and performance chemicals for industrial applications. Its Functional Solutions segment offers automotive and industrial catalysts; battery materials; automotive and industrial coatings; concrete admixtures; and construction systems, such as tile adhesives and decorative paints. The company’s Agricultural Solutions segment provides fungicides, herbicides, and insecticides; seed treatment products; and pest control products for public health, professional pest control, and landscape maintenance. Its Oil and Gas segment engages in the exploration and production of crude oil and natural gas in Europe, North Africa, the Middle East, South America, and the Caspian Sea region; and trade, transportation, and storage of natural gas in Europe. BASF SE has strategic alliances with Owens Corning and TenCate Advanced Composites. The company was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
basf se (BFA) Top Compensated Officers
basf se (BFA) Key Developments
BASF has licensed Genomatica's technology to manufacture 1,4-butanediol, based on renewable feedstock (renewable BDO), which will be available in the second half of 2013 for sampling and trials. BASF will construct a manufacturing plant, which will employ the Genomatica one-step fermentation process, based on sugars as a renewable feedstock to produce BDO as part of the license agreement. Under the agreement, Genomatica will continue to advance its renewable BDO production process technology based on sugars, while BASF will manufacture renewable BDO.
BASF SE at its annual shareholders meeting held on April 26, 2013, confirmed the distribution of a dividend of EUR 2.60 per qualifying share for the financial year 2012. The dividend will be paid on or after April 29, 2013 net of 26.375% German withholding tax (25% German capital yields tax and 5.5% solidarity surtax). Depending on shareholders personal circumstances church tax will be withheld automatically.
BASF SE reported earnings results for the earnings results for the first quarter of 2013. For the quarter, the company increased its sales and income from operations (EBIT) before special items at EUR 19.7 billion, sales exceeded the level of the previous first quarter by 5%. Sales volumes grew particularly as a result of intensified demand for crop protection products and increased volumes in the Oil & Gas segment. EBIT before special items rose by 10% to EUR 2.2 billion. The increase in EBIT before special items in the first quarter was also due to considerable earnings improvement in the Chemicals segment due to higher margins. Compared with the previous first quarter, EBIT declined by EUR 429 million to around EUR 2.2 billion. Special income from the divestiture of the fertilizer business of EUR 645 million in the first quarter of the previous year was primarily responsible for this reduction. Income from operations before depreciation and amortization (EBITDA) thus decreased by EUR 450 million to around EUR 2.9 billion. The financial result amounted to minus EUR 126 million compared with minus EUR 158 million in the first quarter of 2012. Income before taxes and minority interests decreased by EUR 397 million to EUR 2.0 billion compared with the previous first quarter. Net income declined by EUR 257 million to EUR 1.4 billion. Earnings per share were EUR 1.57 in the first quarter of 2013, compared with EUR 1.85 in the same period of 2012. Adjusted for special items and amortization of intangible assets, earnings per share were EUR 1.67, an increase of EUR 0.13 compared with the first quarter of the previous year. Cash provided by operating activities rose to over EUR 2.0 billion in the first quarter of 2013, up by EUR 502 million compared with the first quarter of the previous year. Net debt was reduced to about EUR 10.9 billion as of the end of the first quarter of 2013, compared with about EUR 11.2 billion as of December 31, 2012. CapEx amounted to EUR 831 million compared to EUR 700 million in the previous year's quarter. The board of executive directors and the supervisory board proposed to the Annual Shareholders Meeting that the dividend for the 2012 business year be increased by EUR 0.10 to EUR 2.60 per share. The company's expectations for the global economic environment in 2013 remain unchanged, growth of gross domestic product: 2.4%, Growth in industrial production: 3.4%, Growth in chemical production: 3.6%. For 2013 it continue to aim to exceed the 2012 levels in sales and EBIT before special items.
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Industry Analysis
BFA
Industry Average
| Valuation | BFA | Industry Range |
| Price/Earnings | 14.8x |
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| Price/Sales | 0.9x |
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| Price/Book | 2.6x |
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| Price/Cash Flow | 14.8x |
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| TEV/Sales | 0.6x |
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