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Braskem S.A. (BAK) 10-Year Financial Performance & Capital Metrics

BAK • • Industrial / General
Basic MaterialsChemicalsSpecialty Polymers & ResinsPolyolefin & Thermoplastic Producers
AboutBraskem 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 chemicals, including ethylene, polymer and chemical grade propylene, butadiene, 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; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. This segment also produces and sells polyethylene (PE) and polypropylene (PP); supplies electricity and other inputs to second-generation producers; produces and sells of PE, including the production of green PE from renewable resources; and produces and sells polyvinyl chloride and caustic soda. The United States and Europe segment produces and sells PP in the United States and Germany. The Mexico segment produces and sells ethylene, high-density PE, and low-density PE in Mexico. It also manufactures, sells, imports, and exports chemicals, petrochemicals, and fules; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in Camaçari, Brazil.Show more
  • Revenue $77.41B +9.7%
  • EBITDA $4.77B +37.9%
  • Net Income -$11.32B -147.2%
  • EPS (Diluted) -28.40 -147.0%
  • Gross Margin 7.75% +81.0%
  • EBITDA Margin 6.16% +25.7%
  • Operating Margin 1.31% +152.7%
  • Net Margin -14.62% -125.4%
  • ROE -
  • ROIC 1.47% +153.9%
  • Debt/Equity -
  • Interest Coverage 0.19 +150.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.34%
5Y8.15%
3Y-9.84%
TTM-1.58%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM27.7%

EPS CAGR

10Y-
5Y-
3Y-
TTM27.77%

ROCE

10Y Avg22.45%
5Y Avg27.16%
3Y Avg2.7%
Latest1.44%

Peer Comparison

Polyolefin & Thermoplastic Producers
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Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DOWDow Inc.19.86B27.9417.80-3.72%-3.03%-6.51%0.99
BAKBraskem S.A.571.07M3.31-0.129.7%-7.1%

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+47.28B47.66B49.26B58B52.32B58.54B105.63B96.52B70.57B77.41B
Revenue Growth %0.03%0.01%0.03%0.18%-0.1%0.12%0.8%-0.09%-0.27%0.1%
Cost of Goods Sold+36.9B34.94B36.4B46.41B45.88B47.45B73.57B85.16B67.55B71.41B
COGS % of Revenue0.78%0.73%0.74%0.8%0.88%0.81%0.7%0.88%0.96%0.92%
Gross Profit+10.38B12.72B12.86B11.59B6.44B11.1B32.06B11.36B3.02B6B
Gross Margin %0.22%0.27%0.26%0.2%0.12%0.19%0.3%0.12%0.04%0.08%
Gross Profit Growth %0.74%0.23%0.01%-0.1%-0.44%0.72%1.89%-0.65%-0.73%0.99%
Operating Expenses+2.62B6.55B3.06B3.73B6.28B4.08B4.88B5.25B4.77B4.99B
OpEx % of Revenue0.06%0.14%0.06%0.06%0.12%0.07%0.05%0.05%0.07%0.06%
Selling, General & Admin2.45B2.89B2.89B3.55B4.01B3.77B4.58B4.87B4.39B4.63B
SG&A % of Revenue0.05%0.06%0.06%0.06%0.08%0.06%0.04%0.05%0.06%0.06%
Research & Development176.43M162.01M167M199.82M247.73M250.65M297M374M383M463M
R&D % of Revenue0%0%0%0%0%0%0%0%0.01%0.01%
Other Operating Expenses03.5B002.02B55.25M000-108M
Operating Income+7.05B5.95B9.36B8.3B169.09M7.02B27.18B6.11B-1.75B1.01B
Operating Margin %0.15%0.12%0.19%0.14%0%0.12%0.26%0.06%-0.02%0.01%
Operating Income Growth %0.98%-0.16%0.57%-0.11%-0.98%40.51%2.87%-0.78%-1.29%1.58%
EBITDA+9.17B8.81B12.39B11.38B3.8B10.28B31.36B10.85B3.46B4.77B
EBITDA Margin %0.19%0.18%0.25%0.2%0.07%0.18%0.3%0.11%0.05%0.06%
EBITDA Growth %0.63%-0.04%0.41%-0.08%-0.67%1.7%2.05%-0.65%-0.68%0.38%
D&A (Non-Cash Add-back)2.11B2.86B3.03B3.08B3.63B3.26B4.18B4.73B5.21B3.75B
EBIT7.58B2.53B8.51B6.19B-1.69B6.9B21.15B3.38B-1.94B-1.06B
Net Interest Income+-2.58B-2.88B-3.14B-2.42B-636.87M-615.9M-2.75B-2.28B-3.91B-4.18B
Interest Income394.55M504.5M512.05M530.01M179.62M93.26M440M1.05B873M1.26B
Interest Expense1.84B2.15B2.36B2.23B816.49M709.17M3.19B3.33B4.78B5.44B
Other Income/Expense-3.43B-6.09B-4.34B-4.18B-4.77B-16.7B-9.22B-6.07B-4.44B-18.75B
Pretax Income+4.56B-140.01M5.42B3.65B-4.6B-9.68B17.96B47M-6.19B-17.73B
Pretax Margin %0.1%-0%0.11%0.06%-0.09%-0.17%0.17%0%-0.09%-0.23%
Income Tax+1.66B616.05M1.29B745.29M-1.96B-2.67B4B868M-1.3B-5.68B
Effective Tax Rate %0.69%2.94%0.75%0.78%0.55%0.69%0.78%-7.15%0.74%0.64%
Net Income+3.14B-411.47M4.08B2.87B-2.54B-6.69B13.98B-336M-4.58B-11.32B
Net Margin %0.07%-0.01%0.08%0.05%-0.05%-0.11%0.13%-0%-0.06%-0.15%
Net Income Growth %2.63%-1.13%10.92%-0.3%-1.89%-1.63%3.09%-1.02%-12.63%-1.47%
Net Income (Continuing)2.75B-756.06M3.91B2.91B-2.64B-7.02B13.96B-821M-4.89B-12.05B
Discontinued Operations6.38M26.86M8.88M0000000
Minority Interest-684.88M-1.02B-827.5M-876.4M-233.82M-320.4M-1.66B-1.21B-713M504M
EPS (Diluted)+7.54-1.049.707.20-6.64-17.6235.08-2.06-11.50-28.40
EPS Growth %3.19%-1.14%10.33%-0.26%-1.92%-1.65%2.99%-1.06%-4.58%-1.47%
EPS (Basic)7.54-1.049.707.20-6.64-17.6235.12-2.06-11.50-28.40
Diluted Shares Outstanding398.02M397.72M398.01M398M397.99M398M398.61M398.6M398.35M398.6M
Basic Shares Outstanding397.87M397.72M397.87M397.87M397.99M398M398.11M398.24M398.35M398.6M
Dividend Payout Ratio0.15%-0.24%0.52%--0.43%---

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+18.14B16.26B17.42B21.38B5.81B6.58B39.29B34.46B37.44B37.04B
Cash & Short-Term Investments7.51B7.47B6.08B7.93B2.75B3.37B12.17B14.76B19.14B16.77B
Cash Only7.04B6.7B3.78B5.55B2.33B2.67B8.68B12.47B14.19B14.99B
Short-Term Investments468.56M764.86M485.78M49.63M419.5M698.32M3.49B2.29B4.96B1.79B
Accounts Receivable2.76B1.63B3.28B3.08B1.14B1.53B10.75B5.51B5.63B3.56B
Days Sales Outstanding21.2712.5124.3119.357.959.5737.1520.8329.1116.8
Inventory6.11B5.24B6.64B8.49B1.9B1.61B16.27B13.91B12.38B13.47B
Days Inventory Outstanding60.4254.7266.5866.7515.0812.4280.7359.666.8768.86
Other Current Assets1.6B1.82B1.29B1.66B0033.82M158M137M3.02B
Total Non-Current Assets+42.49B35.57B35.31B37.81B11.12B9.99B53.27B53.59B54.3B64.54B
Property, Plant & Equipment34.1B29.34B29.76B31.76B8.68B7.48B40.01B41.72B42.23B44.14B
Fixed Asset Turnover1.39x1.62x1.66x1.83x6.03x7.83x2.64x2.31x1.67x1.75x
Goodwill2.06B2.06B2.06B2.06B511.81M396.38M2.06B2.09B2.17B2.18B
Intangible Assets828.69M750.21M668.62M682.11M174.81M148.21M818.42M935M935M1.21B
Long-Term Investments144.83M121.62M144.26M112.62M423.69M60.25M75.77M149M165M438M
Other Non-Current Assets5.35B3.3B2.68B3.2B668.6M267.71M2.06B2.35B2.36B2.69B
Total Assets+60.63B51.82B52.73B59.19B16.94B16.57B92.56B88.05B91.74B101.58B
Asset Turnover0.78x0.92x0.93x0.98x3.09x3.53x1.14x1.10x0.77x0.76x
Asset Growth %0.23%-0.15%0.02%0.12%-0.71%-0.02%4.59%-0.05%0.04%0.11%
Total Current Liabilities+17.64B23.04B18.56B23.12B4.03B5.47B25.19B24.19B24.49B28.27B
Accounts Payable12.37B6.55B5.06B8.34B2.27B1.91B12.05B12.25B13.22B16.88B
Days Payables Outstanding122.3968.3750.7365.618.0314.7359.852.4971.4486.29
Short-Term Debt2.33B13.06B10.91B11.27B557.41M1.91B1.49B2.25B2.77B3.13B
Deferred Revenue (Current)00001000K1000K1000K000
Other Current Liabilities1.97B2.51B1.54B1.57B955.21M1.37B5.25B5.37B4.1B5.6B
Current Ratio1.03x0.71x0.94x0.93x1.44x1.20x1.56x1.42x1.53x1.31x
Quick Ratio0.68x0.48x0.58x0.56x0.97x0.91x0.91x0.85x1.02x0.83x
Cash Conversion Cycle-40.69-1.1440.1720.557.2558.0927.9424.54-0.64
Total Non-Current Liabilities+42.04B27.06B28.69B30.17B11.92B11.85B61.17B57.76B63.97B77.58B
Long-Term Debt40.01B22.36B24.22B26.61B9.97B9.28B49.56B47.33B53.21B66.28B
Capital Lease Obligations0187.82M090.79M497.33M445.26M2.48B3.2B2.96B3.31B
Deferred Tax Liabilities000067.87M348.58M2.12B1.89B2.35B0
Other Non-Current Liabilities2.02B4.03B4.48B3.46B1.39B1.7B6.74B5.33B5.45B7.99B
Total Liabilities59.68B50.1B47.26B53.28B15.96B17.32B86.36B81.94B88.46B105.85B
Total Debt+42.34B36.28B35.13B37.97B11.02B11.64B54.21B53.83B59.91B73.72B
Net Debt35.3B29.58B31.35B32.42B8.69B8.97B45.53B41.36B45.72B58.74B
Debt / Equity44.78x21.08x6.42x6.42x11.24x-8.74x8.81x18.27x-
Debt / EBITDA4.62x4.12x2.84x3.34x2.90x1.13x1.73x4.96x17.33x15.47x
Net Debt / EBITDA3.85x3.36x2.53x2.85x2.29x0.87x1.45x3.81x13.23x12.32x
Interest Coverage3.83x2.77x3.97x3.73x0.21x9.90x8.52x1.84x-0.37x0.19x
Total Equity+945.49M1.72B5.47B5.91B980.61M-744.39M6.2B6.11B3.28B-4.28B
Equity Growth %-0.84%0.82%2.18%0.08%-0.83%-1.76%9.33%-0.02%-0.46%-2.3%
Book Value per Share2.384.3313.7514.852.46-1.8715.5615.328.23-10.73
Total Shareholders' Equity1.63B2.74B6.3B6.79B1.21B-423.99M7.87B7.32B3.99B-4.78B
Common Stock8.04B8.04B8.04B8.04B2B1.55B8.04B8.04B8.04B8.04B
Retained Earnings2.47B834.62M3.73B4.67B349.86M-967.18M00-2.74B-14.03B
Treasury Stock-49.82M-49.82M-49.82M-49.82M-12.36M-9.57M-38.2M-28M-10M0
Accumulated OCI-8.83B-6.09B-5.42B-5.88B-1.12B-995.75M317.25M-244M-852M1.7B
Minority Interest-684.88M-1.02B-827.5M-876.4M-233.82M-320.4M-1.66B-1.21B-713M504M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+8.13B4.75B2.46B9.25B2.27B6.29B14.79B8.95B-2.27B2.44B
Operating CF Margin %0.17%0.1%0.05%0.16%0.04%0.11%0.14%0.09%-0.03%0.03%
Operating CF Growth %1.14%-0.42%-0.48%2.76%-0.76%1.78%1.35%-0.39%-1.25%2.07%
Net Income4.56B-99.25M5.42B3.65B-4.6B-6.69B13.98B47M-4.58B-17.73B
Depreciation & Amortization2.19B2.86B3.03B3.08B3.63B4.22B4.87B4.73B5.21B4.95B
Stock-Based Compensation0004.4M07.46M14.39M010M0
Deferred Taxes000-519.83M-1.9B00000
Other Non-Cash Items4.17B5.88B2.5B6.3B5.42B10.28B8.39B203M1.05B14.66B
Working Capital Changes-608.85M-1.04B-5.45B-179.86M-279.99M-1.53B-12.48B3.97B-3.96B557M
Change in Receivables-38.59M1.01B-1.6B130.11M1.82B-2.19B-2.18B4.65B72M609M
Change in Inventory-161.42M862.34M-1.56B-1.54B867.82M-252.53M-7.57B2.14B1.81B-181M
Change in Payables-2.21B-4.25B-1.44B1.34B282.44M00514M0384M
Cash from Investing+-4.07B-2.84B-2.41B-2.49B-2.67B-2.72B-3.38B-4.95B-4.53B-3.48B
Capital Expenditures-4.08B-2.87B-2.27B-2.71B-2.68B-2.76B-3.42B-4.85B-4.53B-3.76B
CapEx % of Revenue0.09%0.06%0.05%0.05%0.05%0.05%0.03%0.05%0.06%0.05%
Acquisitions----------
Investments----------
Other Investing1.28M-35.22M39.66M136.92M16.1M37.96M40.65M72.97M83M73M
Cash from Financing+-97.49M-2.76B-2.99B-4.6B1.64B2.17B-16.97B225M8.87B469M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-482.12M-2B-998.89M-1.5B-668.9M-2.38M-5.99B-1.35B-7M-6M
Share Repurchases----------
Other Financing0000500M-534.46M021M596M38M
Net Change in Cash----------
Free Cash Flow+4.05B1.87B188.42M6.54B-417.25M3.53B11.37B4.1B-6.8B-1.33B
FCF Margin %0.09%0.04%0%0.11%-0.01%0.06%0.11%0.04%-0.1%-0.02%
FCF Growth %3.63%-0.54%-0.9%33.73%-1.06%9.47%2.22%-0.64%-2.66%0.81%
FCF per Share10.174.710.4716.44-1.058.8828.5110.30-17.08-3.33
FCF Conversion (FCF/Net Income)2.59x-11.53x0.60x3.23x-0.89x-0.94x1.06x-26.64x0.50x-0.22x
Interest Paid000002.74B2.88B03.55B0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)91.82%-30.87%113.52%50.36%-73.74%-5665.67%512.32%-5.46%-97.56%-
Return on Invested Capital (ROIC)15.67%13.22%20.61%16.57%0.53%58.82%68%9.24%-2.72%1.47%
Gross Margin21.95%26.69%26.11%19.99%12.32%18.95%30.35%11.77%4.28%7.75%
Net Margin6.64%-0.86%8.29%4.94%-4.86%-11.43%13.24%-0.35%-6.49%-14.62%
Debt / Equity44.78x21.08x6.42x6.42x11.24x-8.74x8.81x18.27x-
Interest Coverage3.83x2.77x3.97x3.73x0.21x9.90x8.52x1.84x-0.37x0.19x
FCF Conversion2.59x-11.53x0.60x3.23x-0.89x-0.94x1.06x-26.64x0.50x-0.22x
Revenue Growth2.72%0.81%3.35%17.74%-9.79%11.89%80.42%-8.62%-26.89%9.7%

Revenue by Segment

2017201820192024
Benzene Toluene And Xylene---4.97B
Benzene Toluene And Xylene Growth----
Ethylene Propylene---4.79B
Ethylene Propylene Growth----
Other 1---2.74B
Other 1 Growth----
Butadiene---1.94B
Butadiene Growth----
Cumene---1.33B
Cumene Growth----
Solvents---619M
Solvents Growth----
Products PEPP33.11B---
Products PEPP Growth----
Products Ethylene Propylene3.35B---
Products Ethylene Propylene Growth----
Products PVC Caustic Soda EDC3.07B---
Products PVC Caustic Soda EDC Growth----
Products Benzene Toluene And Xylene2.68B---
Products Benzene Toluene And Xylene Growth----
Products ETBE Gasoline2.43B---
Products ETBE Gasoline Growth----
Products Butadiene1.82B---
Products Butadiene Growth----
Products Other1.68B---
Products Other Growth----
Products Cumene578.48M---
Products Cumene Growth----
Products Solvents401.45M---
Products Solvents Growth----
Products Naphtha Condensate And Crude Oil135.16M---
Products Naphtha Condensate And Crude Oil Growth----

Revenue by Geography

2017201820192024
Country Of Brazil---44.3B
Country Of Brazil Growth----
Country Of United States Of America---13.23B
Country Of United States Of America Growth----
Other---4.89B
Other Growth----
Country Of Mexico---3.93B
Country Of Mexico Growth----
Country Of Switzerland---1.47B
Country Of Switzerland Growth----
Country Of Argentina---1.46B
Country Of Argentina Growth----
Country Of Germany---1.19B
Country Of Germany Growth----
Country Of Japan---1.04B
Country Of Japan Growth----
Country Of Netherlands---959M
Country Of Netherlands Growth----
Country Of Singapore---862M
Country Of Singapore Growth----
Country Of Chile---797M
Country Of Chile Growth----
Country Of Spain---789M
Country Of Spain Growth----
Country Of Peru---731M
Country Of Peru Growth----
Country Of Italy---696M
Country Of Italy Growth----
Country Of Luxembourg---607M
Country Of Luxembourg Growth----
Country Of China---454M
Country Of China Growth----
Foreign Market--24B-
Foreign Market Growth----
Foreign market-26.58B--
Foreign market Growth----
Brazil26.15B---
Brazil Growth----
United States8.54B---
United States Growth----
Mexico3.41B---
Mexico Growth----
Geographical Areas Other3.3B---
Geographical Areas Other Growth----
Argentina1.34B---
Argentina Growth----
Germany1.19B---
Germany Growth----
Italy604.55M---
Italy Growth----
Chile554.24M---
Chile Growth----
Singapore542.87M---
Singapore Growth----
Peru493.65M---
Peru Growth----
Switzerland415.73M---
Switzerland Growth----
Colombia340.4M---
Colombia Growth----
South Korea339.43M---
South Korea Growth----
Netherlands333.13M---
Netherlands Growth----
Spain282.85M---
Spain Growth----
Canada235.61M---
Canada Growth----
Poland231.72M---
Poland Growth----
Paraguay174.78M---
Paraguay Growth----
France166.31M---
France Growth----
Bolivia163.86M---
Bolivia Growth----
Japan126.96M---
Japan Growth----
Uruguay122.25M---
Uruguay Growth----

Frequently Asked Questions

Growth & Financials

Braskem S.A. (BAK) reported $73.77B in revenue for fiscal year 2024. This represents a 122% increase from $33.18B in 2011.

Braskem S.A. (BAK) grew revenue by 9.7% over the past year. This is steady growth.

Braskem S.A. (BAK) reported a net loss of $5.24B for fiscal year 2024.

Dividend & Returns

Yes, Braskem S.A. (BAK) pays a dividend with a yield of 0.45%. This makes it attractive for income-focused investors.

Braskem S.A. (BAK) had negative free cash flow of $6.08B in fiscal year 2024, likely due to heavy capital investments.

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