Braskem S.A.
In the quarter to June 2026, revenue fell 100.0%, EPS grew 1,278.6%, free cash flow grew 611.1% and total debt fell 99.9%, each against the same quarter a year earlier.
Follow BAK
Braskem S.A. (BAK) Piotroski F-score
Braskem S.A.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | 1.00 |
| FY2023 | 2 | (1.00) |
| FY2022 | 3 | (5.00) |
| FY2021 | 8 | 4.00 |
| FY2020 | 4 | 0.00 |
| FY2019 | 4 | (1.00) |
| FY2018 | 5 | 0.00 |
| FY2017 | 5 | (1.00) |
| FY2016 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (10.57%) | (11.28%) | Fail | 0 |
| Positive operating cash flow | (752.22m) | 451.45m | Fail | 0 |
| Rising return on assets | (10.57%) | (11.28%) | Pass | 1 |
| Cash flow above net income | 1.02b | 2.55b | Pass | 1 |
| Falling long-term leverage | 0.50 | 0.66 | Pass | 1 |
| Rising current ratio | 0.76 | 1.31 | Fail | 0 |
| No new shares issued | 398,604,000 | 398,604,000 | Pass | 1 |
| Rising gross margin | 2.20% | 7.75% | Fail | 0 |
| Rising asset turnover | 0.76 | 0.77 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| LXU Lsb Industries Inc. compare | 9 |
| ACNT Ascent Industries Co. compare | 7 |
| ASIX AdvanSix compare | 6 |
| WLKP Westlake Chemical Partners LP compare | 4 |
| VHI Valhi, Inc. compare | 4 |
| BAK Braskem S.A. | 4 |
| RYAM Rayonier Advanced Materials Inc. compare | 3 |
| ASPI ASP Isotopes Inc. compare | 3 |
| TROX Tronox Holdings PLC compare | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover