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Financial statements

BRASKEM SA financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BRASKEM SA files with the SEC in its annual reports.

In BRL millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue46,88047,66449,26158,00052,32458,543105,62596,51970,56977,411
Cost of revenue36,69834,98636,17746,57745,87947,33173,56885,16167,54871,414
Gross profit10,18212,67813,08311,4236,44411,21232,05711,3583,0215,997
Research and development170162167219248251297374383463
Selling, general and administrative-2,342-2,8513,0613,615-4,262-4,077-4,883-5,285
Selling and marketing5.857.16
General and administrative1,0951,2861,434
Operating income6,8905,9519,2078,280154-71.926,0444,272-2,792-1,079
Interest expense3,1633,5713,7473,0083,8834,9134,9035,0665,5896,853
Interest income5856906045898516001,5811,3741,6781,719
Pre-tax income4,414-1405,2653,605-4,603-9,68417,96147-6,192-17,733
Income tax1,6606161,358737-1,963-2,6683,999868-1,302-5,681
Income from continuing operations2,754-7563,9072,868-2,640-7,015
Net income to minority interests-242-31850.340.5-99.4-324-23-485-311-732
Net income3,002-4113,8652,828-2,541-6,69213,985-336-4,579-11,320
EBITDA4,7703,2746,278
EPS, basic-0.524.853.55-3.19-8.4117.57
EPS, diluted-0.524.853.55-3.19-8.4117.57

Balance sheet

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash and equivalents7,0436,7023,7755,5486,80413,8638,68112,46614,18714,986
Short-term investments1,1902,3032,3581,6883,6273,4932,2954,9561,786
Inventory5,2386,6408,4877,6258,38416,33514,03012,53213,688
Total current assets15,89717,41921,03423,39034,19039,29334,45737,44137,037
Property, plant and equipment29,76229,76231,76032,31535,92937,22337,76338,40540,417
Lease right-of-use assets2,6062,9022,7793,9533,8203,719
Intangible assets2,8092,7272,7412,7622,8292,877
Total assets51,82252,73258,80868,12986,08492,56488,04991,741101,575
Accounts payable5,0598,3419,1179,94612,05312,24713,22116,883
Short-term debt2,5941,1857377751,3191,3431,3822,0292,278
Total current liabilities22,94318,56422,76616,21628,38725,19424,18624,49428,272
Lease liabilities90.82,0012,3132,4813,2012,9553,306
Total liabilities50,10147,25953,15364,18489,9504,1923,01388,462105,853
Total debt23,33123,36124,89829,01741,73234,89735,71642,23653,232
Retained earnings-218-257-4,530-2,738-14,034
Shareholders' equity2,7396,3006,5314,885-2,2027,8667,3223,992-4,782
Minority interests-1,018-828-876-941-1,664-1,662-1,214-713504
Total equity9451,7215,4735,6553,945-3,8666,2056,1083,279-4,278
Total liabilities and equity51,82252,73258,80868,12986,08492,56488,04991,741101,575

Cash flow statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net income2,760-7293,9162,868-2,640-7,01513,962-821-4,890-12,052
Depreciation and amortization-2,120-2,678-2,929
Cash from operations7,0924,4582,4629,2502,2656,29314,7868,952-2,2722,435
Capital expenditures-3,338-2,587-2,273-2,706-2,683-2,760-3,421-4,848-4,530-3,761
Cash from investing-3,334-2,552-2,406-2,488-2,666-2,722-3,381-4,947-4,525-3,485
Debt issued5,4824,1088,4924,30220,58613,04916.36,418
Debt repaid-6,087-4,902-8,779-6,592-17,425-8,735-9,414-3,856-2,155-4,994
Dividends paid-482-1,998-999-1,500-669-2.38-5,993-1,350-7-6
Cash from financing-97.5-2,757-2,988-4,6031,6372,173-16,9662258,873469
Exchange rate effect-5085876.48-38620.61,315378-444-3551,380
Net change in cash3,152-265-2,9271,7731,2567,059-5,1823,7861,721799
Free cash flow3,7541,8711886,544-4173,53311,3654,104-6,802-1,326
Interest paid-1,8721,8272,1541,9172,2382,7372,8832,9053,5504,261

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin7.7%Gross profit / revenue.
Operating margin-1.4%Operating income / revenue.
Pre-tax margin-22.9%Pre-tax income / revenue.
Net margin-14.6%Net income / revenue.
FCF margin-1.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin3.1%Cash from operations / revenue.
Return on assets (ROA)-11.7%Net income / average total assets.
Return on invested capital (ROIC)-2.6%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue0.6%Research and development expense / revenue.
Capex / revenue4.9%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y9.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-9.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y8.1%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y98.5%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-42.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-1.4%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y-45.2%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y1.5%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-219.8%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y10.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y3.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y8.3%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.31xCurrent assets / current liabilities.
Quick ratio0.59x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.59x(Cash + short-term investments) / current liabilities.
Debt / assets52.4%Total debt / total assets.
Liabilities / assets104.2%Total liabilities / total assets.
Net debtR$36.46BTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-0.16xOperating income / interest expense.
Working capitalR$8.77BCurrent assets - current liabilities.
Tangible book value-R$4.78BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.80xRevenue / average total assets.
Fixed asset turnover1.96xRevenue / average property, plant and equipment.
Inventory turnover5.45xCost of revenue / average inventory.
Days inventory67 days365 x average inventory / cost of revenue.
Days payables77 days365 x average accounts payable / cost of revenue.
Capex / operating cash flow154.5%Capital expenditures / cash from operations, when that is positive.
What was BRASKEM SA's revenue in fiscal 2024?

BRASKEM SA reported revenue of R$77.41B for fiscal 2024, 9.7% higher than the year before.

Was BRASKEM SA profitable in fiscal 2024?

No. It reported a net loss of R$11.32B.

How much free cash flow did BRASKEM SA generate in fiscal 2024?

Cash from operations of R$2.44B minus capital expenditures of R$3.76B left free cash flow of -R$1.33B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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