Braskem S.A. logo

Braskem S.A.

BAK

NYSEBasic MaterialsChemicals

Previous close

$1.99

+$0.01 · +0.51%

Aug 21, 4:00 PM ET

BAK company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

88

Deep Value

Momentum

27

Weakening

Sentiment

42

Mixed

Risk resilience

34

High Risk

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Company profile

Company website

Braskem S.A., along with its affiliated companies, specializes in the production and global distribution of thermoplastic resins. The enterprise structures its operations into three primary geographical divisions: Brazil; the United States and Europe; and Mexico. Within the Brazil segment, the company manufactures and offers a broad spectrum of chemicals, including ethylene, various grades of polymer and chemical propylene, butadiene, butene-1, benzene, toluene, and xylenes. This division also supplies fuels such as automotive gasoline, liquefied petroleum gas (LPG), ethyl tertiary-butyl ether (ETBE), and methyl tertiary-butyl ether (MTBE), alongside intermediates like cumene. Its portfolio further extends to aliphatics, aromatics, hydrogenated solvents, and a range of specialty chemicals, including isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. Additionally, it undertakes the manufacturing and sale of both polyethylene (PE) and polypropylene (PP), provides electricity and other essential inputs to second-generation producers, and is notable for its production of green PE derived from renewable sources. Polyvinyl chloride (PVC) and caustic soda are also among the products generated and marketed by this segment. The United States and Europe segment focuses specifically on the manufacture and sale of polypropylene (PP) across these regions, particularly within the U.S. and Germany. In Mexico, the company is responsible for the production and distribution of ethylene, high-density PE, and low-density PE. Beyond these segmented activities, Braskem engages broadly in the manufacturing, selling, importing, and exporting of chemicals, petrochemicals, and various fuels. It also plays a role in generating and supplying crucial utilities like steam, water, compressed air, and industrial gases, in addition to providing a suite of industrial services. Established in 1972, the company initially traded as Copene Petroquímica do Nordeste S.A. before rebranding as Braskem S.A. in 2002. Its principal corporate office is situated in Camaçari, Brazil.

Industry
Chemicals
Sector
Basic Materials
Headquarters
BR
CEO
Roberto Prisco Paraíso Ramos
Listed since
Jan 13, 1999
Employees
8,233

Market position

Day range

Current $1.99

52-week range

Current $1.99

Open
$1.95
Previous close
$1.98
Volume
1.21M
0.55× average
Average volume
2.21M
Average daily volume
Market cap
792.98M USD
Beta
0.73
Market reference 1
50-day average
$2.5106
-20.74% below average
200-day average
$3.3277
-40.20% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
67.22B BRL
P/E (TTM)
-0.73×
P/B (TTM)
-0.32×
P/S (TTM)
0.05×
EV / EBITDA
106.48×
Earnings yield
-150.40%
Free cash flow yield
-111.12%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
8.92%
Operating margin
-0.09%
Net margin
-7.85%
Return on equity
60.02%
Return on assets
-11.84%
Return on invested capital
-6.24%

Financial health

Debt / equity
-5.43×
Current ratio
0.76×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%17%-1%-19%Gross margin, FY2021: 30.35%Gross margin, FY2022: 11.77%Gross margin, FY2023: 4.28%Gross margin, FY2024: 7.75%Gross margin, FY2025: 2.20%Operating margin, FY2021: 25.73%Operating margin, FY2022: 6.33%Operating margin, FY2023: -2.48%Operating margin, FY2024: 1.31%Operating margin, FY2025: -5.70%Net margin, FY2021: 13.24%Net margin, FY2022: -0.35%Net margin, FY2023: -6.49%Net margin, FY2024: -14.62%Net margin, FY2025: -13.97%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.35%. Gross margin FY2022 11.77%. Gross margin FY2023 4.28%. Gross margin FY2024 7.75%. Gross margin FY2025 2.20%. Operating margin FY2021 25.73%. Operating margin FY2022 6.33%. Operating margin FY2023 -2.48%. Operating margin FY2024 1.31%. Operating margin FY2025 -5.70%. Net margin FY2021 13.24%. Net margin FY2022 -0.35%. Net margin FY2023 -6.49%. Net margin FY2024 -14.62%. Net margin FY2025 -13.97%.

Income trends

Revenue

69.33B BRL-10.44%

Operating income

−3.95B BRL−4.96B BRL

Net income

−9.69B BRL+14.44%
Income trends across reported periods117.32B BRL70.54B BRL23.76B BRL−23.01B BRLRevenue, FY2021: 105.63B BRLRevenue, FY2022: 96.52B BRLRevenue, FY2023: 70.57B BRLRevenue, FY2024: 77.41B BRLRevenue, FY2025: 69.33B BRLOperating income, FY2021: 27.18B BRLOperating income, FY2022: 6.11B BRLOperating income, FY2023: −1.75B BRLOperating income, FY2024: 1.01B BRLOperating income, FY2025: −3.95B BRLNet income, FY2021: 13.99B BRLNet income, FY2022: −336M BRLNet income, FY2023: −4.58B BRLNet income, FY2024: −11.32B BRLNet income, FY2025: −9.69B BRLFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 105.63B BRL. Revenue FY2022 96.52B BRL. Revenue FY2023 70.57B BRL. Revenue FY2024 77.41B BRL. Revenue FY2025 69.33B BRL. Operating income FY2021 27.18B BRL. Operating income FY2022 6.11B BRL. Operating income FY2023 −1.75B BRL. Operating income FY2024 1.01B BRL. Operating income FY2025 −3.95B BRL. Net income FY2021 13.99B BRL. Net income FY2022 −336M BRL. Net income FY2023 −4.58B BRL. Net income FY2024 −11.32B BRL. Net income FY2025 −9.69B BRL.
Metric (BRL)FY2025FY2024FY2023FY2022FY2021
Revenue69.33B BRL77.41B BRL70.57B BRL96.52B BRL105.63B BRL
Cost of goods sold67.8B BRL71.41B BRL67.55B BRL85.16B BRL73.57B BRL
Gross profit1.53B BRL6B BRL3.02B BRL11.36B BRL32.06B BRL
Research and development450.96M BRL463M BRL383M BRL374M BRL297M BRL
Selling, general, and administrative4.68B BRL4.63B BRL4.39B BRL4.87B BRL4.58B BRL
Operating expenses5.48B BRL4.99B BRL4.77B BRL5.25B BRL4.88B BRL
Interest income711.74M BRL1.26B BRL873M BRL1.05B BRL440M BRL
Interest expense5.82B BRL5.44B BRL4.78B BRL3.33B BRL3.19B BRL
Depreciation and amortization4.58B BRL3.75B BRL5.21B BRL4.73B BRL4.18B BRL
Operating income−3.95B BRL1.01B BRL−1.75B BRL6.11B BRL27.18B BRL
Net income−9.69B BRL−11.32B BRL−4.58B BRL−336M BRL13.99B BRL

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
-15.08%
11 comparable reports
Latest EPS result
1.65
Estimate 1.68 · Miss by 1.79%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.890.86-0.16-1.19Q1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.39, estimate -0.38, surprise -2.63%, Miss. Q2 2025, reported May 12, 2025: actual 0.3, estimate 0.03, surprise +900.00%, Beat. Q3 2025, reported Aug 7, 2025: actual -0.14, estimate -0.7, surprise +80.00%, Beat. Q4 2025, reported Nov 11, 2025: actual -0.02, estimate -0.48, surprise +95.83%, Beat. Q1 2026, reported Mar 27, 2026: actual -0.48, estimate -0.98, surprise +51.02%, Beat. Q2 2026, reported May 11, 2026: actual 0.711, estimate 0.206, surprise +244.64%, Beat. Q3 2026, reported Aug 13, 2026: actual 1.65, estimate 1.68, surprise -1.79%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate 0.106, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.49B3.93B3.37B2.82BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 3.28B USD, estimate 3.54B USD, surprise -7.20%, Miss. Q2 2025, reported May 12, 2025: actual 3.47B USD, estimate 3.53B USD, surprise -1.61%, Miss. Q3 2025, reported Aug 7, 2025: actual 3.2B USD, estimate 3.33B USD, surprise -3.99%, Miss. Q4 2025, reported Nov 11, 2025: actual 3.21B USD, estimate 3.12B USD, surprise +3.06%, Beat. Q1 2026, reported Mar 27, 2026: actual 3.06B USD, estimate 3.1B USD, surprise -1.17%, Miss. Q2 2026, reported May 11, 2026: actual 2.99B USD, estimate 3.39B USD, surprise -11.88%, Miss. Q3 2026, reported Aug 13, 2026: actual 4.3B USD, estimate 4.32B USD, surprise -0.28%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate 4.02B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1.50

24.62% downside
Past 12 months12-month forecastHigh $1.50Average $1.50Low $1.50

Rating distribution

6 ratings
Strong buy00%
Buy233%
Hold350%
Sell117%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.6304

2001 complete year-33.8% since 1997

Corporate action history

Dividend

Ex-dividend Apr 20, 2022

$0.6744

Quarterly

Record Apr 21, 2022 · Payment May 12, 2022

Dividend

Ex-dividend Dec 10, 2021

$2.6307

Irregular

Record Dec 13, 2021 · Payment Dec 30, 2021

Dividend

Ex-dividend Oct 4, 2019

$0.4153

Semi-Annual

Record Oct 7, 2019 · Payment Jan 9, 2020

Dividend

Ex-dividend May 2, 2018

$1.1088

Special

Record May 3, 2018 · Payment May 21, 2018

Dividend

Ex-dividend Dec 8, 2017

$0.7547

Annual

Record Dec 11, 2017 · Payment Dec 22, 2017

Dividend

Ex-dividend Oct 6, 2016

$0.7795

Semi-Annual

Record Oct 11, 2016 · Payment Oct 18, 2016

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