Added to YB: 2026-03-09
Pitch date: 2026-03-06
BAK [bullish]
Braskem S.A.
-3.62%
current return
Author Info
No bio for this author
Company Info
Braskem S.A., together with its subsidiaries, engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.
Market Cap
BRL 8.2B
Pitch Price
BRL 10.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
113.72
P/E
-1.65
EV/Sales
0.87
Sector
Chemicals
Category
turnaround
$BAK quick and dirty.
BAK: Uses N.Am. nat gas-linked feedstock to produce plastic resins. PE-Ethane spread blew out to ~$915/mt (from $700) on Iran war, ME/Asia plant shutdowns. At 2018 spread of $978, did $3B EBITDA vs $1.1B consensus 2026. $12B EV at 10x $3B EBITDA = $30B EV, less $11B debt = $19B mkt cap vs $1.5B today. High beta oil play, BK risk remains but no maturities til 2028.
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