Braskem S.A. (BAK)

NYSE: BAK · IEX Real-Time Price · USD
7.54
+0.02 (0.27%)
At close: May 17, 2024, 4:00 PM
7.73
+0.19 (2.52%)
After-hours: May 17, 2024, 7:50 PM EDT
0.27%
Market Cap 3.04B
Revenue (ttm) 14.49B
Net Income (ttm) -940.25M
Shares Out 402.68M
EPS (ttm) -2.25
PE Ratio n/a
Forward PE 11.75
Dividend n/a
Ex-Dividend Date n/a
Volume 196,729
Open 7.59
Previous Close 7.52
Day's Range 7.52 - 7.63
52-Week Range 6.30 - 12.67
Beta 1.00
Analysts Hold
Price Target 11.00 (+45.89%)
Earnings Date May 8, 2024

About BAK

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents;... [Read more]

Industry Chemicals
Sector Materials
Founded 1972
Employees 8,569
Stock Exchange NYSE
Ticker Symbol BAK
Full Company Profile

Financial Performance

In 2023, Braskem's revenue was 70.57 billion, a decrease of -26.89% compared to the previous year's 96.52 billion. Losses were -4.58 billion, 1262.8% more than in 2022.

Financial numbers in BRL Financial Statements

Analyst Forecast

According to one analyst, the rating for BAK stock is "Hold" and the 12-month stock price forecast is $11.0.

Price Target
$11.0
(45.89% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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, pres...

10 days ago - PRNewsWire

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, p...

2 months ago - PRNewsWire

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 propyl...

2 months ago - Business Wire

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 developmen...

2 months ago - Business Wire

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 produ...

2 months ago - Business Wire

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.

Other symbols: PBR
3 months ago - Reuters

Braskem and WEAV3D® Announced as Finalists for JEC Composites Innovation Awards 2024

PHILADELPHIA--(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...

4 months ago - Business Wire

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Braskem S.A. (BAK) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Braskem S.A. (“Br...

5 months ago - Business Wire

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Braskem S.A.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Braskem S.A. (“Braskem” or the “Company”) (NYSE: BAK) investors concerning the Company's possible...

5 months ago - Business Wire

The Law Offices of Frank R. Cruz Announces Investigation of Braskem S.A.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Braskem S.A. (“Braskem” or the “Company”) (NYSE: BAK) on behalf of investors concerning the Company's possi...

5 months ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Braskem S.A. - BAK

NEW YORK , Dec. 18, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Braskem S.A., Inc. ("Braskem" or the "Company") (NYSE: BAK).

5 months ago - PRNewsWire

City hall in Brazil's Maceio requests new damages deal with Braskem

The city hall of Brazil's northeastern city of Maceio has asked to negotiate a new compensation agreement with petrochemical firm Braskem over the expansion of a risk area linked to sinking ground in ...

5 months ago - Reuters

CORRECTING and REPLACING Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute

PHILADELPHIA--(BUSINESS WIRE)--Please replace the release dated November 20, 2023 with the following corrected version due to multiple revisions. The updated release reads: BRASKEM EVA RECYCLING TECHN...

6 months ago - Business Wire

Braskem EVA Recycling Technology Research Partnership Awarded RD&D Grant from the REMADE Institute

PHILADELPHIA--(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 ...

6 months ago - Business Wire

Braskem Announces REMADE Institute Grant Award to Develop New Recycling Process Technology to Extract Pure Polypropylene from PCR

PHILADELPHIA--(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 w...

6 months ago - Business Wire

Braskem Announces REMADE Institute Grant Award for Advanced Manufacturing of Sustainable and Recyclable Multilayer Plastic Films

PHILADELPHIA--(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 w...

6 months ago - Business Wire

ADNOC makes fresh bid to buy stake in Brazil's Braskem

Brazilian petrochemical producer Braskem said on Thursday that Abu Dhabi's oil company ADNOC (ADNOC.UL) has presented a fresh non-binding offer to buy conglomerate Novonor's stake in the firm.

6 months ago - Reuters

Braskem's Recurring EBITDA in the quarter was US$187 million, 34% higher than 2Q23

Green PE's operational performance was above nominal capacity of 260,000 tons/year with utilization rate of 108% in the quarter SÃO PAULO, Nov. 9, 2023 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 a...

6 months ago - PRNewsWire

Braskem and Oxiteno sign a partnership to supply bio-attributed ethylene

SÃO PAULO--(BUSINESS WIRE)--Committed to supporting the circular economy and fighting climate change, Brazilian petrochemical companies Braskem and Indorama Ventures IOD - Oxiteno announce a partnersh...

6 months ago - Business Wire

Braskem Announces Partnership With Northwestern University for the Development of CO2 Conversion Technology

SÃO PAULO--(BUSINESS WIRE)--Braskem and Northwestern University (USA) have announced a partnership to develop a technology platform for converting the CO2 generated by industrial operations. It is bas...

7 months ago - Business Wire

Braskem Takes Polypropylene to the Next Level of Performance in Partnership with WEAV3D® utilizing its Rebar for Plastics® Lattice Technology

PHILADELPHIA--(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...

8 months ago - Business Wire

Braskem to purchase plastic-waste-derived feedstock from Vitol SA, produced by WPU – Waste Plastic Upcycling A/S in Denmark

ROTTERDAM, Netherlands--(BUSINESS WIRE)--Braskem and Vitol S.A. have announced an agreement for circular feedstock derived from plastic waste. Under the agreement, Vitol will start to supply Braskem N...

8 months ago - Business Wire

Braskem's Carbon Negative Biopolymers to Be Spotlighted by “World's Greatest

PHILADELPHIA--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) today announced that it has been selected to participate in an upcoming segment in the “World's G...

8 months ago - Business Wire

Braskem and SCG Chemicals join forces to advance in the bio-based Ethylene project in Thailand

ROTTERDAM, Netherlands--(BUSINESS WIRE)--Braskem, the leading global biopolymer producer, and SCG Chemicals, a leading petrochemical company in Thailand and Southeast Asia, have signed a joint venture...

9 months ago - Business Wire

Brazil's Petrobras does not intend to sell Braskem stake, report says

Brazilian state-run oil company Petrobras is not planning to sell its 36% stake in petrochemical firm Braskem , newspaper Valor Economico reported on Thursday, citing unnamed sources.

Other symbols: PBR
10 months ago - Reuters