BNTGF - Brenntag: Double-Digit Performance, Looking At Q2 And 2025

2025-05-20 09:53:42 ET

Summary

• Brenntag SE remains a core chemical sector holding for me due to its industry leadership, resilient business model, and strong fundamentals.
• Despite recent volatility and a less attractive valuation, Brenntag's cost efficiency program and EPS recovery forecast support my continued positive outlook.
• The company is no longer "cheap" at current levels, but with a conservative €80/share price target, I see a solid risk/reward profile.
• I maintain my Buy rating, expecting 15%+ annualized returns, and would only consider selling BNTGY if shares approach €95, my fair value upper limit.

Dear readers/followers,

In this article, I will be looking at Brenntag SE ( BNTGY ). This is a German chemical distributor that I invested in when the company became undervalued, and it now forms the core of my chemical investments in my portfolio, after having cut some of them for either upside or volatility, given the current macro....

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