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@ETFs_sind_dummes_Geld Yes Sell, exactly. We're in the middle of finding a floor and you're talking about selling
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@stocker_328 You're talking about bottoming out here, which must be great. You can buy BASF shares if the company is so great or if you think it's great. For my part, I don't think the company is great because:
Gross margin at 25.54%
Operating margin at 5.6%
Interest coverage at 3.58
ROIC at 2.38
ROCE at 3.85
Price-to-FCF at 22.53 (far too expensive for what you get).
22.3 bn debt to FCF (2023 - 12) of 2.7 bn, although it should be mentioned here that FCF has been falling even further per quarter since then. There are currently too many challenges for BASF. Fluctuating raw material prices, global economic instability, the restructuring and relocation of production capacities to China, which requires billions in investment, ever more requirements in the area of environmental protection and climate protection measures, and all this with simultaneous cost pressure. In addition, supply chains are a constant challenge. In view of all these factors, BASF is not only relatively expensively valued due to falling FCF, but it is also questionable whether the company can remain profitable in the long term and remain competitive in a rapidly changing chemical industry. So definitely a big, fat SELL.
Gross margin at 25.54%
Operating margin at 5.6%
Interest coverage at 3.58
ROIC at 2.38
ROCE at 3.85
Price-to-FCF at 22.53 (far too expensive for what you get).
22.3 bn debt to FCF (2023 - 12) of 2.7 bn, although it should be mentioned here that FCF has been falling even further per quarter since then. There are currently too many challenges for BASF. Fluctuating raw material prices, global economic instability, the restructuring and relocation of production capacities to China, which requires billions in investment, ever more requirements in the area of environmental protection and climate protection measures, and all this with simultaneous cost pressure. In addition, supply chains are a constant challenge. In view of all these factors, BASF is not only relatively expensively valued due to falling FCF, but it is also questionable whether the company can remain profitable in the long term and remain competitive in a rapidly changing chemical industry. So definitely a big, fat SELL.
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