2024-04-17 10:00:00 ET
Summary
- BASF experienced another eventful year in 2023 but managed to maintain performance.
- The outlook for 2024 is more bleak and simultaneously capex will increase further only to come down again in 2026.
- While the dividend can be maintained, the downside potential of the stock appears to be larger than the upside.
- BASF is a well-managed company waiting for better times, meaning a more opportune entry point will emerge before costs will come down significantly in 2026.
BASF's (BFFAF)(BASFY) 2023 annual report was characterized by the slogan 'Rethinking chemistry', reflecting the need to evolve and secure a license to operate in a world that puts more emphasis on emissions, a subject previously covered ....
Read the full article on Seeking Alpha
For further details see:
BASF: Capex To Increase While Cash Flow Suffers