The chemical company’s stock is one of the most attractive dividend stocks in the German stock index.
(Photo: obs)
Frankfurt, Düsseldorf BASF raised its annual forecast three times this year. Analysts can hardly keep up with raising their estimates: if twelve months ago they were still calculating on average with a net profit of just under 3.50 euros per share, three months ago it was a little more than five euros. The consensus estimate is currently EUR 6.35.
But while the entire Dax has gained another 15 percent since March, BASF shares lost 15 percent. Sharply rising profits and falling prices at the same time: That made the share cheaper. Anyone who buys them pays BASF and, after deducting each share certificate, only 9.5 times the annual net profit expected for 2021.
A detailed look at the company and its balance sheet show that the share has more qualities than just being inexpensive. Whether it has potential for significantly higher courses is decided on two major points.
Potential 1: Profits and Valuation
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