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Braskem: A New Shareholder Specializing In Turnarounds Could Be The Trigger
Seeking Alpha· 2025-05-30 16:08
More than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relat ...
Braskem(BAK) - 2024 Q4 - Annual Report
2025-03-31 10:51
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March, 2025 (Commission File No. 1-14862 ) BRASKEM S.A. (Exact Name as Specified in its Charter) N/A (Translation of registrant's name into English) Rua Eteno, 1561, Polo Petroquimico de Camacari Camacari, Bahia - CEP 42810-000 Brazil (Address of principal executive of ices) Indicate by check mark whether the registrant ...
Braskem S.A. (BAK) Q4 2024 Earnings Conference Call Transcript
Seeking Alpha· 2025-02-27 18:50
Company Overview - Braskem S.A. held its Fourth Quarter of 2024 and Full Year of 2024 Results Conference Call on February 27, 2025, featuring key executives including CEO Roberto Ramos and CFO Felipe Jens [1][2]. Conference Call Structure - The conference call included a presentation in Portuguese with simultaneous translation into English, allowing participants to choose their preferred language [2]. - Following the presentation, a question and answer session was scheduled, with further instructions provided at that time [3]. Investor Relations - The audio of the conference will be available on Braskem's investor relations website after the event concludes, ensuring accessibility for stakeholders [3].
Braskem(BAK) - 2024 Q4 - Earnings Call Transcript
2025-02-27 18:50
Financial Data and Key Metrics Changes - In Q4 2024, Braskem reported a consolidated recurring EBITDA of US$102 million, with operating cash generation of US$204 million and recurring cash generation of US$45 million [7] - For the full year 2024, consolidated EBITDA reached US$1.1 billion, a 46% increase compared to 2023, with operating cash generation of approximately US$788 million [8] - The company's leverage ratio improved to approximately 7.42 times, a reduction of 0.7 times compared to the previous quarter [9][23] Business Line Data and Key Metrics Changes - In Brazil, the recurring EBITDA for the petrochemical segment was US$889 million, a 1% increase over the previous year, driven by higher sales volume of main chemicals [14] - The green polyethylene sales increased by 24% in Q4 2024, with annual sales reaching an all-time high of 191,000 tons, a 23% increase year-over-year [16] - The United States and Europe segment's recurring EBITDA was US$177 million, a 34% decrease compared to 2023, attributed to lower production and sales volumes [18] Market Data and Key Metrics Changes - The average global accident frequency rate improved to 0.91 events per million hours worked, a 16% reduction compared to 2023 [10] - The Mexican segment saw a 5% increase in polyethylene sales for the year, while Q4 sales decreased by 6% due to seasonality [19] Company Strategy and Development Direction - Braskem's strategic focus includes enhancing financial health, optimizing asset utilization, and increasing the use of ethane as a feedstock to improve competitiveness [35][37] - The company plans to accelerate the growth of its green business and has announced a project to increase ethane capacity in Rio de Janeiro by 220,000 tons per year [39] Management's Comments on Operating Environment and Future Outlook - Management noted that the first quarter of 2025 is expected to show higher utilization rates across all segments, driven by stable feedstock supply and increased demand [32] - The company anticipates challenges in international spreads due to new capacities oversupplying the market, but expects potential improvements in global demand influenced by geopolitical resolutions [34] Other Important Information - Braskem increased its provision for the Alagoas event by US$1.3 billion, with a total provision balance of R$17.7 billion at the end of 2024 [25][27] - The company issued US$850 million in debt securities in October 2024, maturing in 2034, to maintain financial health [24] Q&A Session Summary Question: How does the company view the competitive scenario with respect to imports after the increase in import taxes? - Management emphasized the importance of balancing market share and price policy to ensure the quality of the Brazilian chemical industry, noting that the increase in tariffs has helped protect local producers [41][47] Question: What gains are expected from the newly acquired vessel for logistics optimization? - Management highlighted that owning the vessel will enhance competitiveness by reducing dependency on external shipping and improving operational efficiency for transporting ethane [62][72] Question: What is included in the 2025 CapEx and how does it compare to historical maintenance CapEx? - The company announced a 2025 CapEx of US$484 million, with maintenance CapEx expected to remain around US$550 million, focusing on strategic investments that generate positive cash flow [80][82]
Braskem reports Recurrent Cash Generation of R$265 million in 4Q24; Recurring EBITDA of US$1.1 billion in 2024 (46% higher than 2023)
Prnewswire· 2025-02-27 09:47
SÃO PAULO, Feb. 27, 2025 /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, presents its 4Q24 Earnings Release. 4Q24 HIGHLIGHTS  CONSOLIDATED Recurring EBITDA of US$102 million. Cash position of US$2.4 billion, ensuring coverage of debt maturities over the next 47 months. Operating Cash Generation of US$ 204 million, about R$ 1.1 billion. The full earnings release is available on the C ...
Has Braskem (BAK) Outpaced Other Oils-Energy Stocks This Year?
ZACKS· 2025-02-07 15:46
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Braskem (BAK) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Braskem is a member of our Oils-Energy group, which includes 247 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, meas ...
Does Braskem (BAK) Have the Potential to Rally 63.29% as Wall Street Analysts Expect?
ZACKS· 2025-01-28 15:56
Braskem (BAK) closed the last trading session at $5.04, gaining 32.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.23 indicates a 63.3% upside potential.The average comprises four short-term price targets ranging from a low of $5.40 to a high of $10, with a standard deviation of $2.22. While the lowest estimate indicates an increase of 7.1% from the current price level, the m ...
New Strong Buy Stocks for January 28th
ZACKS· 2025-01-28 12:21
Group 1 - Potbelly Corporation (PBPB) has seen a 14.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Concrete Pumping Holdings, Inc. (BBCP) has experienced a 38.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Braskem S.A. (BAK) has reported a 41.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 2 - Novavax, Inc. (NVAX) has seen a 6.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Eton Pharmaceuticals, Inc. (ETON) has experienced a 6.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]
Braskem (BAK) Moves to Strong Buy: Rationale Behind the Upgrade
ZACKS· 2025-01-23 18:01
Investors might want to bet on Braskem (BAK) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a chan ...
Are Oils-Energy Stocks Lagging Braskem (BAK) This Year?
ZACKS· 2025-01-22 15:41
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Braskem (BAK) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Braskem is a member of our Oils-Energy group, which includes 249 different compani ...