BASF is one of the leaders of the global chemical industry. The company operates industry-leading innovation platform and spends over EUR2bn per year on R&D. BASF operates 6 intergated sites and 232 additional production sites worldwide, including 2 integrated and 70 production sites in Asia. The strong growth of volumes and earnings in Greater China will likely further contribute to the company's growth. BASF aims to increase the dividend paer share every year.
BASF is a Germany-based chemical company. The Company operates through six segments, which include Chemicals (from basic chamicals andintermediaries to to customer products), Materials (plastics, high-performance materials, digital solutions), Industrial Solutions (ingredients and additives, fuel and lubricant solutions, ingradients for paints and coatings, electronic materials and plastic additives), Surface Technologies (products for catalysis, coatings and battery materials sectors), Nutrition & Care (bio-based products, enzymes, nutrition and care ingradients) and Agricultural Solutions (crop protection products and seeds). The company is one of the leaders of the global chamical industry and presented in xx countries.
The real global chemical production is estimated at $4.2 trln in 2021, including $2.1trln in Greater China, $0.7trln in Europe, $0.5trln in North America, $0.6trln in Rest of Asia Pacific, $0.2trln in South America. The chemical production is expected to grow with a 3.0% CAGR until 2030. The volatility of energy prices negatively affected chemical production in the EU, making BASF Germany operations loss-making. Global chemical production stagnated in 1Q23: N.American chemical production was down 2.2% YoY in 1Q23, Europen -14.3% YoY, Chinese up 7.6%, and other Asian production was down 8.7% YoY. The weak construction and electronics industries performance is among the factors negatively affected chemical production.
|Company||RIC||Market Capitalization, $mn||Last reporting year||P/E Fwd 1Y||P/E Fwd 2Y||EV/EBITDA 1Y fwd||EV/EBITDA 2Y fwd||EV/Revenues 1y fwd||EV/Revenues 2y fwd|
|L'Air Liquide Societe Anonyme pour l'Etude et l'Exploitation des Procedes Georges Claude SA||AIRP.PA||93,305||2022-12-31||25.2||23.2||12.6||11.8||3.3||3.1|
|Evonik Industries AG||EVKn.DE||8,916||2022-12-31||14.5||10.9||6.1||5.3||0.7||0.7|
|Akzo Nobel NV||AKZO.AS||13,801||2022-12-31||19.2||15.4||12.0||10.4||1.6||1.5|