BASF SE news and forecast for 2022

BASF SE news and forecast for 2022

What is BASF SE?
BASF SE, based in Ludwigshafen am Rhein (Germany), is a publicly traded chemical company. It employs over 110,000 people worldwide at over 390 production sites in more than 80 countries. In 2020, a turnover of 59.149 billion euros was achieved. In terms of sales, this makes BASF the largest chemical company in the world.

How was the year 2021?
The stock is down about 5% in 2021.
The company will soon be releasing its 2021 figures. The analysts are currently expecting an average increase in sales from 59.2 to 77.0 billion euros. EBITDA is likely to have climbed from 7.4 to 11.6 billion euros, net income from 2.9 to 5.9 billion euros (earnings per share: 6.60 euros). In 2021, like other chemical companies, BASF benefited from numerous positive special effects. It was therefore clear that less would be earned in 2022.

What’s next in 2022?
The analysts currently expect sales of 74.8 billion euros for 2022. The EBITDA should amount to 10.9 billion euros. In addition, a net profit of 4.96 billion euros or 5.35 euros per share is expected, from which a P/E ratio of a moderate 11 would be calculated.

Trade Team Forecast
The shares are hardly in demand at the moment. But BASF SE is a very serious company that has been doing excellent work for decades. We believe (barring a stock market crash) the stock will return around 10% in 2022. We placed the stock on hold.


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