Bayer: Stifel still on hold
(CercleFinance.com) - Stifel maintains its "Hold" recommendation on the BASF share, leaving its target price unchanged at E28 following the group's 2024 results.
The EBITDA target for FY 2025 is E9.5bn to E10bn, excluding currency effects (Stifel: E10.1bn, consensus: E9.8bn), the broker points out.
The analyst says that Q4 clean EBITDA came to E2.35bn, down significantly y-o-y (-22% y-o-y, vs. Stifel(e): E2.24bn and consensus: E2.1bn).
FCF for FY 2024 came in at E3.1bn, ahead of forecasts. Net production/sales costs fell by 80bp, contributing to cash generation, Stifel adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The EBITDA target for FY 2025 is E9.5bn to E10bn, excluding currency effects (Stifel: E10.1bn, consensus: E9.8bn), the broker points out.
The analyst says that Q4 clean EBITDA came to E2.35bn, down significantly y-o-y (-22% y-o-y, vs. Stifel(e): E2.24bn and consensus: E2.1bn).
FCF for FY 2024 came in at E3.1bn, ahead of forecasts. Net production/sales costs fell by 80bp, contributing to cash generation, Stifel adds.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.