Braskem
BAK

$6.44

1.9%

Market Cap: 2.57B

About: Braskem SA manufactures and sells chemicals, petrochemicals, fuels, and utilities. The company's geographical segments include Brazil; the United States and Europe and Mexico. It derives a majority of its revenue from Brazil. It produces olefins, such as ethylene, polymer and chemical-grade propylene, butadiene, and butene-1; fuels, such as automotive gasoline, liquefied petroleum gas, or LPG, ethyl tertiary-butyl ether, or ETBE, and methyl tertiary-butyl ether, or MTBE; intermediates, such as cumene and others.

Employees: 8,569

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

90% more capital invested

Capital invested by funds: $46.5M [Q4 2023] → $88.3M (+$41.9M) [Q1 2024]

42% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 12

0.91% more ownership

Funds ownership: 1.52% [Q4 2023] → 2.42% (+0.91%) [Q1 2024]

13% less funds holding

Funds holding: 56 [Q4 2023] → 49 (-7) [Q1 2024]

41% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 17

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$10

55%

upside

Avg. target

$10

55%

upside

High target

$10

55%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

JP Morgan

Ricardo Rezende

55%upside

$10

Neutral

Maintained

24 May 2024

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Financial journalist opinion

Braskem: Likely Waiting To Be Purchased

Braskem's controlling holding, Novonor, is looking for a buyer for its stake in the company. The proposals to purchase this stake exceed the company's current market cap by two times. For this reason, I believe that the dangerous risks, such as the sinking of Maceió, are already in the price, bringing a good opportunity.

Braskem: Likely Waiting To Be Purchased

Brazil senators suggest charges against Braskem over sinking city

A Brazilian congressional committee on Tuesday suggested charging petrochemical producer Braskem with crimes against the environment and public properties over the sinking soil of a city that forced thousands of families to relocate.

Brazil senators suggest charges against Braskem over sinking city

Braskem Expands Its Fuels Business Portfolio With the Launch of Octane Plus

SAO PAULO--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the expansion of its fuels business portfolio with the launch of Octane Plus focused on serving the premium segment of automotive fuels market worldwide. Octane Plus is an additive blended in the gasoline production process to increase the fuel's octane rating. The addition of Br.

Braskem Expands Its Fuels Business Portfolio With the Launch of Octane Plus

Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23

SÃO PAULO, May 9, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 1Q24 Earnings Release.

Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23

Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript

Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript

Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript

Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

SÃO PAULO, March 19, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q23 Earnings Release.

Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market

HOUSTON & PHILADELPHIA--(BUSINESS WIRE)--Shell Chemicals recently started to supply Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) with bio-attributed and bio-circular propylene feedstocks, based on a mass balance approach and independently certified by a third party. Braskem will utilize such feedstocks for the manufacture of bio-attributed and bio-circular polypropylene enabling more sustainable options for growing consumer demand in the packaging, film, automoti.

Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market

Braskem Donates to the Mary M. Campbell Marcus Hook Public Library

MARCUS HOOK, Pa.--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a company committed to human rights and equity in our supply chain and the local development of surrounding communities, has donated $10,000 to the Mary M. Campbell Marcus Hook Public Library, and a check was presented during a ceremony on Thursday, March 7, 2024. Braskem's donation supports the branch's efforts to upgrade the library, beginning with the purchase of a new main recept.

Braskem Donates to the Mary M. Campbell Marcus Hook Public Library

Braskem Hosts 25th Red Cross Blood Drive in Partnership with the American Red Cross

KENOVA, W. Va.--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas as well as a market leader and pioneer producer of biopolymers on an industrial scale, recently hosted its 25th blood drive on Thursday, February 22nd at its production facility in Neal, West Virginia in partnership with the American Red Cross. This milestone reflects Braskem's commitment to making a positive impact and prioritizing the.

Braskem Hosts 25th Red Cross Blood Drive in Partnership with the American Red Cross

Brazil's Petrobras wants to share management of Braskem, says CEO

Brazil's state-run oil company Petrobras wants a partner to share the management of petrochemical producer Braskem , said the oil firm's Chief Executive Jean Paul Prates on Tuesday.

Brazil's Petrobras wants to share management of Braskem, says CEO

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