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BASF SE (BASN) Fair Value & Analysis

Basic Materials · MX · Market cap 915B MXN

BS BASF SE BASN · MX
Price1,034 MXN
Fair Value467.04 MXN
Upside-54.8%
Quality53/100
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Weak Growth
Thin margins · 2.9% net margin
Moderate debt · generates free cash flow
0.22% dividend yield
Narrow moat 35/100
Evidence: High Range 382.77 MXN – 513.84 MXN Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from 532.13 MXN to 467.04 MXN (−12.2%) since Jul 18, 2026.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (513.84 MXN). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

1,231 MXN 633.03 MXN Fair Value 467.04 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 633.03 MXN – 1,231 MXN · fair‑value band 382.77 MXN – 513.84 MXN · the 1,034 MXN price screens above the 467.04 MXN fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

BASF SE (BASN) currently trades at 1,034 MXN, while our model-based Fair Value estimate is 467.04 MXN, implying the stock looks roughly 54.8% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, BASF SE generated revenue of 59.2B MXN at a net margin of 2.9%. Revenue declined 3.0% year over year. It earns a return on equity of 4.4%. Net debt stands at 19.0B MXN. Fundamentals as of Aug 13, 2026

Our scenario range runs from 382.77 MXN (bear case) to 513.84 MXN (bull case); at 1,034 MXN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -55%, BASN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 91.35 MXN 305.87 MXN 80
Residual Income 550.90 MXN 565.31 MXN 554.27 MXN 76
Rev-Margin DCF 90.60 MXN 337.13 MXN 634.76 MXN 74
All 24 models by family
DCF Models
FCF DCF 78.99 MXN 315.79 MXN 38
Owner Earnings 132.91 MXN 400.59 MXN 31
5Y Revenue Exit 90.60 MXN 330.58 MXN 680.06 MXN 39
5Y EBITDA Exit 373.26 MXN 819.89 MXN 1,412 MXN 41
5Y P/E Exit 8.05 MXN 187.56 MXN 402.08 MXN 38
10Y Revenue Exit 21.90 MXN 199.73 MXN 394.97 MXN 36
10Y EBITDA Exit 212.65 MXN 509.53 MXN 834.49 MXN 37
10Y P/E Exit 109.32 MXN 227.81 MXN 35
Earnings-Based
Graham-Dodd 233.05 MXN 284.90 MXN 320.47 MXN 54
EPV 21.34 MXN 68.70 MXN 59
Dividend Discount
Gordon GGM 424.74 MXN 467.04 MXN 532.18 MXN 70
DDM Multi-Stage 424.74 MXN 542.10 MXN 711.89 MXN 61
Multiples
P/E Multiple 436.90 MXN 582.54 MXN 728.17 MXN 63
P/S Multiple 436.90 MXN 582.54 MXN 728.17 MXN 58
P/B Multiple 436.90 MXN 582.54 MXN 728.17 MXN 55
EV/EBIT 300.81 MXN 512.71 MXN 724.61 MXN 53
EV/EBITDA 780.58 MXN 1,152 MXN 1,524 MXN 54
EV/Revenue 216.02 MXN 452.25 MXN 688.30 MXN 43
Asset-Based
NCAV (Graham) 351.36 MXN 470.78 MXN 702.71 MXN 50
Growth DCF
Growth DCF 91.35 MXN 305.87 MXN 80
Rev-Margin DCF 90.60 MXN 337.13 MXN 634.76 MXN 74
Economic Profit
Residual Income 550.90 MXN 565.31 MXN 554.27 MXN 76
ROIC Compounder 21.34 MXN 68.70 MXN 72
Growth Earnings
Growth-Adj P/E 311.30 MXN 444.76 MXN 578.04 MXN 68

Widest divergence: Multiples (582.54 MXN) versus Earnings-Based (21.34 MXN). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 59.2B MXN
Revenue growth (YoY) -3.0%
Net margin 2.9%
Return on equity 4.4%
Free cash flow 1.3B MXN FY2025
P/E ratio 29.8
More key figures
Operating margin 7.7%
EPS (TTM) 34.75 MXN
Dividend yield 0.2%
EPS growth (YoY) +16.6%
Net debt 19.0B MXN FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 74

Profitability 34
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates.

Full company description

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for the plastics and plastics processing industries. The Industrial Solutions segment develops and markets ingredients and additives for industrial applications, such as polymer dispersions, resins, additives, chemical and refining catalysts, electronic materials, and antioxidants for automotive, petrochemical and petroleum processing, plastics and electronics, construction, electronics, paper coatings, and energy and resources industries. The Surface Technologies segment provides catalysts, battery materials, automotive OEM and refinish coatings, surface treatment, and precious and base metal services for the automotive and chemical industries. The Nutrition & Care segment offers ingredients for consumer applications in the areas of nutrition, home, and personal care applications; and serves the food and feed producers, pharmaceutical, cosmetics, detergents, and cleaner industries, as well as the consumer goods sector. The Agricultural Solutions segment provides seeds and traits, and seed treatment products; fungicides, herbicides, insecticides, and biological crop protection products; and digital solutions. The company engages in engineering and other; rental and leasing; and renewable energy trading, commodity trading activities. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BASF SE reported revenue of 59.7B MXN in FY2025 versus 78.6B MXN in FY2021, a compound −6.7%/yr. Reported net income was 1.6B MXN in FY2025, compounding −26.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
59.7B MXN
Latest YoY
−2.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−11.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.2%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.8%
Revenue −6.7%/yr
FY21 78.6B MXN
FY22 87.3B MXN
FY23 68.9B MXN
FY24 61.4B MXN
FY25 59.7B MXN
Net income −26.4%/yr
FY21 5.5B MXN
FY22 −627M MXN
FY23 225M MXN
FY24 1.3B MXN
FY25 1.6B MXN

BASN screens 55% overvalued. Compare with Ningxia Baofeng Energy Group →

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Cite: Fair Value Calculator (2026). "BASF SE Fair Value". https://www.fairvalue-calculator.com/stock/BASN

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is BASF SE (BASN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 467.04 MXN versus a price of 1,034 MXN, about −55% (overvalued).
What is the fair value of BASN?
Our model-based fair value for BASF SE is 467.04 MXN (as of Aug 13, 2026), built from audited fundamentals. The current price is 1,034 MXN.
What is the quality score of BASN?
BASF SE has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BASF SE (BASN)?
BASF SE reported trailing-twelve-month revenue of about 59.2B MXN (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BASN?
The net profit margin of BASF SE is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does BASF SE pay a dividend?
BASF SE currently shows a dividend yield of about 0.22% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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