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What this page is: Delvantic's full research page for Braskem S.A. - (BAK) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Braskem S.A. -
BAK NYSE
Basic Materials · Chemicals
São Paulo, SP 05501-050, Brazil
braskem.com.br
Price
$2.08
Market Cap
$812.9M
Employees
8,233
Beta
0.73
Avg Volume
1,693,846
Last Dividend
$0.67
CEO
Ms. Maria Koytcheva Rousseva
Braskem S.A. - ADR represents American Depositary Receipts for Braskem S.A., a leading global petrochemical company headquartered in São Paulo, Brazil. Braskem stands as the largest petrochemical operation in Latin America and is among Brazil’s top private industrial enterprises. The company specializes in the manufacture and sale of a broad spectrum of chemicals, fuels, and thermoplastic resins, including polyethylene, polypropylene, and polyvinyl chloride, essential to industries such as packaging, automotive, construction, and consumer goods. Braskem operates extensive industrial facilities across Brazil, with additional presence in the United States, Mexico, Europe, and Asia, facilitating a wide international reach. Its portfolio also covers the supply of utilities—such as electricity, steam, and industrial gases—and services to other manufacturers in the chemical supply chain. Braskem’s significance in the market stems from its role as a core supplier of foundational petrochemicals, supporting diverse sectors and contributing to the stability and growth of the chemical industry worldwide.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was May 14, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+0.0%
Sep '25
+1.5%
Oct '25
+0.7%
Mar '26
-239.5%
Mar '26
+0.0%
May '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| May 14, 2026 | $-0.11 | $-0.11 +0.0% | — | — |
| Mar 27, 2026 | $-1.57 | $-5.33 -239.5% | — | — |
| Mar 12, 2026 | $1.38 | $1.39 +0.7% | — | — |
| Oct 28, 2025 | $0.66 | $0.67 +1.5% | — | — |
| Sep 9, 2025 | $0.33 | $0.33 +0.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 11, 2026 | 6-K | View |
| Aug 11, 2026 | 6-K | View |
| Aug 11, 2026 | 6-K/A | View |
| Aug 3, 2026 | 6-K | View |
| Jul 31, 2026 | 6-K | View |
| Jul 29, 2026 | 6-K | View |
| Jul 22, 2026 | 6-K | View |
| Jul 21, 2026 | 6-K/A | View |
| Jul 16, 2026 | 3 | View |
| Jul 13, 2026 | 6-K | View |
| Jul 13, 2026 | 6-K | View |
| Jul 13, 2026 | 6-K | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 13, 2026 1:54pm (just now)
Current data · timestamped when a report runs
$2.08
Change · Aug 13
+0.04 (+1.96%)
Day Range
$2.06 – $2.12
52-Week Range
$2.04 – $5.40
50-Day MA
$2.71
200-Day MA
$3.35
Volume
31,145.00
Share Structure
Outstanding
796,968,412.00
Float
99,918,040.00
Free Float
12.5%
Very low free float
— 12.5% of shares trade freely, ~87.5% held by insiders/institutions
Thinly traded — expect wider bid-ask spreads and sharp price swings on modest volume. Institutional investors may avoid due to liquidity constraints.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Why there are no quarterly figures for Braskem S.A. -
This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
—
Stock Price: $2.08
EPS (Diluted): N/A
EPS (Diluted): N/A
EPS not available in income statement
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
—
Stock Price: $2.08
Total Equity: -$841.78M
Shares: N/A
Total Equity: -$841.78M
Shares: N/A
Missing from API: Shares
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
—
Market Cap: $812.91M
Total Debt: $12.84B
Cash: $2.95B
EBITDA: N/A
Total Debt: $12.84B
Cash: $2.95B
EBITDA: N/A
EBITDA not available
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$10.7B
Market Cap: $812.91M
Total Debt: $12.84B
Cash: $2.95B
Total Debt: $12.84B
Cash: $2.95B
P/S Ratio (Price per dollar of revenue)
HEXStock Price / Revenue Per Share
—
Stock Price: $2.08
Revenue: $15.23B
Shares: N/A
Revenue: $15.23B
Shares: N/A
Missing from API: Shares
EV/Sales (Total value vs revenue — works when P/E can't)
CALC0.70
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
7.7%
Gross Profit: $1.18B
Revenue: $15.23B
Revenue: $15.23B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
-1.4%
Operating Income: -$212.31M
Revenue: $15.23B
Revenue: $15.23B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
-14.6%
Net Income: -$2.23B
Revenue: $15.23B
Revenue: $15.23B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
—
Net Income: -$2.23B
Total Equity: -$841.78M
Total Equity: -$841.78M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
—
Operating Income: -$212.31M
Tax Rate: 32.0%
Equity: -$841.78M
Total Debt: $12.84B
Cash: $2.95B
Tax Rate: 32.0%
Equity: -$841.78M
Total Debt: $12.84B
Cash: $2.95B
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.31
Current Assets: $7.29B
Current Liabilities: $5.56B
Current Liabilities: $5.56B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
—
Short-Term Debt: $2.81B
Long-Term Debt: $10.03B
Total Debt: $12.84B
Total Equity: -$841.78M
Long-Term Debt: $10.03B
Total Debt: $12.84B
Total Equity: -$841.78M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
—
Revenue: $15.23B
Shares: N/A
Shares: N/A
Missing from API: Shares
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
—
Total Equity: -$841.78M
Shares: N/A
Shares: N/A
Missing from API: Shares
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
—
Operating CF: $479.13M
CapEx: -$740.05M
Shares: N/A
CapEx: -$740.05M
Shares: N/A
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
32.4%
Last Dividend: $0.67
Stock Price: $2.08
Stock Price: $2.08
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
-0.1%
Dividends Paid: -$1.18M
Net Income: -$2.23B
Net Income: -$2.23B
Income Statement (Annual)
Last updated: Aug 8, 2026 7:52am (5d ago)| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $11.5B | $20.8B | $19.0B | $13.9B | $15.2B |
| Cost of Revenue | $9.3B | $14.5B | $16.8B | $13.3B | $14.1B |
| Gross Profit | $2.2B | $6.3B | $2.2B | $594.4M | $1.2B |
| Operating Expenses | $2.2B | $1.2B | $1.4B | $1.1B | $1.4B |
| Operating Income | -$14.1M | $5.1B | $840.6M | -$549.4M | -$212.3M |
| Net Income | -$1.3B | $2.8B | -$66.1M | -$901.0M | -$2.2B |
| EBITDA | $636.1M | $5.8B | $1.6B | — | — |
| EPS | $-1.65 | $3.46 | — | — | — |
| EPS (Diluted) | $-1.65 | $3.46 | — | — | — |
Balance Sheet (Annual)
Last updated: Aug 8, 2026 7:52am (5d ago)| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.7B | $1.7B | $2.5B | $2.8B | $2.9B |
| Total Current Assets | $6.7B | $7.7B | $6.8B | $7.4B | $7.3B |
| Total Assets | $16.9B | $18.2B | $17.3B | $18.1B | $20.0B |
| Current Liabilities | $5.6B | $5.0B | $4.8B | $4.8B | $5.6B |
| Long-Term Debt | $8.0B | $6.6B | $6.2B | $7.9B | $10.0B |
| Total Liabilities | $17.7B | $824.9M | $592.8M | $17.4B | $20.8B |
| Total Equity | -$760.8M | $17.4B | $16.7B | $645.2M | -$841.8M |
| Retained Earnings | -$891.3M | — | — | -$538.8M | -$2.8B |
Cash Flow (Annual)
Last updated: Aug 8, 2026 7:52am (5d ago)| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $2.9B | $1.8B | -$447.1M | $479.1M |
| Capital Expenditure | -$543.0M | -$673.2M | -$954.0M | -$891.4M | -$740.1M |
| Free Cash Flow | $695.2M | $2.2B | $807.4M | -$1.3B | -$260.9M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | $849.1M | -$1.8B | $504.2M | -$424.0M | -$982.7M |
| Dividends Paid | $-468,313 | -$1.2B | -$265.7M | -$1.4M | -$1.2M |
| Stock Buybacks | — | — | — | — | — |
| Net Change in Cash | $1.4B | -$1.0B | $744.9M | $338.6M | $157.2M |
Growth Trends (YoY %)
Last updated: Aug 8, 2026 7:52am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue Growth | +80.4% | -8.6% | -26.9% | +9.7% |
| Gross Profit Growth | +185.9% | -64.6% | -73.4% | +98.5% |
| Operating Income Growth | +36,325.9% | -83.6% | -165.4% | +61.4% |
| Net Income Growth | +309.0% | -102.4% | -1,264.1% | -147.2% |
| EBITDA Growth | +810.1% | -72.9% | — | — |
Dividend History (Last 20)
Last updated: Aug 8, 2026 7:52am (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2022-04-20 | $0.67 | — | — | — |
| 2021-12-10 | $2.63 | — | — | — |
| 2019-10-04 | $0.37 | — | — | — |
| 2018-05-02 | $1.06 | — | — | — |
| 2017-12-08 | $0.75 | — | — | — |
| 2016-10-06 | $0.77 | — | — | — |
| 2016-04-07 | $0.67 | — | — | — |
| 2015-04-10 | $0.36 | — | — | — |
| 2014-04-16 | $0.50 | — | — | — |
| 2012-05-01 | $0.58 | — | — | — |
| 2011-05-05 | $1.03 | — | — | — |
| 2010-04-08 | $0.02 | — | — | — |
| 2008-03-27 | $0.75 | — | — | — |
| 2007-03-29 | $0.16 | — | — | — |
| 2006-01-05 | $0.59 | — | — | — |
| 2005-01-03 | $0.37 | — | — | — |
| 2002-05-02 | $0.10 | — | — | — |
| 2002-02-08 | $0.07 | — | — | — |
| 2001-11-07 | $0.12 | — | — | — |
| 2001-08-01 | $0.11 | — | — | — |
Industry Benchmarks
Compares BAK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BAK — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for BAK — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for BAK — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for BAK — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.530 · 761561a2 · 2026-08-12 19:06:35