Brenntag BNR.DE
Brenntag is the world's largest independent chemical distributor, acting as an intermediary between producers and end-users of industrial and specialty chemicals, offering logistics, blending, and value-added services. Brenntag shows acceptable financial health (5.48) with manageable debt (ND/EBITDA 2.95x), but its quality is weak (4.85) due to low operating margins (7.16%). Growth is strong (7.5) driven by the improved EBITDA guidance, and valuation is reasonable (6.2) with a forward P/E of 14.14.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Brenntag is the world's largest independent chemical distributor, acting as an intermediary between producers and end-users of industrial and specialty chemicals, offering logistics, blending, and value-added services. Brenntag shows acceptable financial health (5.48) with manageable debt (ND/EBITDA 2.95x), but its quality is weak (4.85) due to low operating margins (7.16%). Growth is strong (7.5) driven by the improved EBITDA guidance, and valuation is reasonable (6.2) with a forward P/E of 14.14.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.2 |
| Quality / Moat | 4.8 |
| Valuation | 6.2 |
| Growth | 7.5 |
| Dividend | 6.3 |
| Momentum | 6.0 |
| Risk & Context | 8.0 |
OVERALL SCORE: 6.1/10
Context and risks
The rise in crude oil and the ECB's rate hike (2.25%) affect specialty chemicals. As a distributor, Brenntag is exposed to energy and transportation costs, but its operating margin of 7.16% is narrow, amplifying the impact of these costs. The ECB's rate hike makes its financing more expensive, with a Net Debt/EBITDA of 2.95x, near the 3x threshold.
News considered in the analysis
- Brenntag SE (BNTGF) (Q2 2026) Earnings Call Highlights: Strategic Execution Drives Margin Gains ... — La mejora de márgenes por ejecución estratégica es un hecho material ya ocurrido, parcialmente reflejado en el precio tras la subida de la acción.
- Brenntag Q2 Earnings Call Highlights — Resumen de la llamada de resultados; refuerza la narrativa de ejecución positiva, pero sin información nueva sustancial.
- Brenntag shares rise after raising 2026 EBITDA outlook — La mejora de la guía de EBITDA para 2026 es un evento material positivo, ya ocurrido y parcialmente descontado por la subida de la acción.
- Some Investors May Be Willing To Look Past Brenntag's (ETR:BNR) Soft Earnings — Artículo de análisis que sugiere que los inversores podrían ignorar ganancias débiles; señala una posible preocupación sobre la calidad del beneficio, pero es especulativo.
- Do These 3 Checks Before Buying Brenntag SE (ETR:BNR) For Its Upcoming Dividend — Artículo genérico sobre el dividendo, sin información nueva o material.
Verdict: Hold: margin improvement and EBITDA guidance are positive, but high debt and cost pressures limit upside potential.
Main risk: The main risk is margin compression from higher energy and transportation costs, given its narrow operating margin of 7.16%.
Other Basic Materials companies
Neighbours in the sector ranking, to compare without going back to the index.
See all 1,000+ companies in the index →