Braskem S.A. (BAK)

NYSE: BAK · IEX Real-Time Price · USD
6.48
-0.12 (-1.82%)
At close: Jul 19, 2024, 4:00 PM
6.36
-0.12 (-1.85%)
Pre-market: Jul 22, 2024, 4:27 AM EDT
-1.82%
Market Cap 2.59B
Revenue (ttm) 14.49B
Net Income (ttm) -940.25M
Shares Out 400.17M
EPS (ttm) -2.05
PE Ratio n/a
Forward PE 11.75
Dividend n/a
Ex-Dividend Date n/a
Volume 433,616
Open 6.64
Previous Close 6.60
Day's Range 6.36 - 6.73
52-Week Range 6.11 - 10.98
Beta 1.05
Analysts Hold
Price Target 10.00 (+54.32%)
Earnings Date Aug 7, 2024

About BAK

Braskem S.A., together with its subsidiaries, produces and sells thermoplastic resins. The company produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; intermediates, such as cumene, paraxylene, ortho-xylene, and others; polyethylene (PE) and polypropylene (PP); polyvinyl chloride; hydrochloric acid, dichloroethane – EDC, and sodium hypochlorite; fuels, such as gasoline, boosters, and others; solvents, such as toluene, xylene, and other products; and specialties comprising polyisobutene,... [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 $10.0.

Price Target
$10.0
(54.32% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 t...

2 months ago - Reuters

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 worl...

2 months ago - Business Wire

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...

2 months 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...

4 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...

4 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...

4 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...

5 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
5 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...

6 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...

7 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...

7 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...

7 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).

7 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 ...

8 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...

8 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 ...

8 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...

8 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...

8 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.

9 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...

9 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...

9 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...

9 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...

10 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...

11 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...

11 months ago - Business Wire