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TickerBAK
SectorChemicals
Mkt cap$7.2B
EV / EBITDA105.6×
PostureActive Acquirer
Composite49/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1071438

Braskem SA

BAKACTIVE ACQUIRERQUIET

Braskem SA reads as an Active Acquirer (composite 49/100); Transformational Buyer deploying $279M across 0 disclosed transactions, newly disclosed vs the prior cycle · primary market Chemicals & Materials.

Lens

Disclosed M&A capital (2023–2025)

$279M

new

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

1/3 active fiscal years in window

Buyer archetype

Transformational Buyer

Episodic but very large disclosed transactions drive the profile.

Composite score

49

/100

Active Acquirer dominates · Quiet

Financial snapshot
Revenue$69.3B
EBITDA$3.6B
Enterprise value$68B
EV / Revenue1.0×
EV / EBITDA105.6×
P/EN/A
CashN/A
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

Dominant
49/100

Companies actively deploying disclosed capital into M&A

  • $4.3B disclosed buyer spend

Buyer Cadence

16/100

Buyer-side companies with recent filing activity

  • Filed within 36d

Target Probability

4/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

4/100

Issuers facing activism, governance, or control pressure

Distress Watch

12/100

Issuers showing financial-distress filing patterns

  • Missing recent 10-Q

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

30/100

Issuers with the highest filing-activity intensity

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $68B
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $2,406M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/A$279MN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Our class A preferred shares and the ADSs have limited voting rights and are not entitled to vote to approve corporate transactions, including mergers or consolidations of our company with other companies, or the declaration of dividends.

10-KFY2015

we have fully consolidated the results of Copesul and its subsidiaries into our financial statements as from April 1, 2007

10-KFY2008

Under the Brazilian Corporation Law and our by-laws, holders of our class A preferred shares and, consequently, the ADSs are not entitled to vote at meetings of our shareholders, except in very limited circumstances. These limited circumstances directly relate to key rights of the holders of class A preferred shares, such as modifying basic terms of our class A preferred shares or creating a new class of preferred shares with superior rights. Holders of preferred shares without voting rights are entitled to elect one member and his or her respective alternate to our board of directors and our fiscal council. Holders of our class A preferred shares and the ADSs are not entitled to vote to approve corporate transactions, including mergers or consolidations of our company with other companies, or the declaration of dividends. See “Item 10. Additional Information—Description of Our Company’s By-laws—Voting Rights.”

10-KFY2013
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Chemicals & Materials

Market spend (2023–2025)
$85.8B
Market spend (2020–2022)
$80.5B
Recent vs prior
+7%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

105.6×EV / EBITDA

BAK trades at a +89.6-turn premium to the Chemicals & Materials peer median of 15.9×.

EV / Revenue
1.0×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
15.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
Braskem SABAK
105.6×1.0×N/A$69.3B$279M
24.5×4.9×2.3×$16.5B$2.1B
15.9×5.2×0.0×$8.1B$2.3B
13.4×2.4×0.3×$10.8BN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Chemicals & Materials. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)292026-04-20
  • 10-Q (quarterly)0N/A
  • 8-K (event)0N/A
  • Proxy / DEF 14A0N/A
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.