February 12, 2019 - 3:38 PM EST
BASF: At 9.6x P/E And A 5.3% Dividend Yield, This Global Chemical Giant Is On Sale


BASF: At 9.6x P/E And A 5.3% Dividend Yield, This Global Chemical Giant Is On Sale

Shares of European chemical giant BASF (BASFY) (BFFAF) are looking highly attractive trading with a valuation of only 9.6x TTM P/E as they start to recover from 3-year lows hit during the year-end 2018 stock market rout. This low valuation has pushed BASF's dividend yield all the way up to 5.3% and presents long-term value investors a great entry point into this highly profitable global company.

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An Introduction to the Company

For readers that are not familiar with BASF, the company is a global chemical giant that had 2017 sales

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Source: SeekingAlpha (February 12, 2019 - 3:38 PM EST)