Added to YB: 2026-10-06
Pitch date: 2026-09-30
BAK [bullish]
Braskem S.A.
+21.05%
current return
Author Info
Lasse writes about energy/offshore & shipping + LatAm value. Sign up for the newsletter.
Company Info
Braskem S.A., together with its subsidiaries, engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.
Market Cap
BRL 3.3B
Pitch Price
BRL 1.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.18
P/E
-0.59
EV/Sales
0.92
Sector
Chemicals
Category
special_situation
Braskem update
BAK (hold): Braskem is largely a binary bet on restructuring terms by November 22: a negotiated deal with limited dilution is nowhere near priced in, while an equity-heavy deal would dilute holders and failed talks could lead to judicial recovery. Estimated Q3 EBITDA of $550-700M after Q2’s roughly $1.0B may improve its negotiating position. The current position is being held; an add below $1.40 is under consideration but has not occurred, with exposure capped at 10%.
Read full article (4 min)