International Flavors & Fragrances Inc.

WBAG:IFF Stock Report

Market Cap: €20.9b

International Flavors & Fragrances Valuation

Is IFF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IFF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IFF (€80.74) is trading below our estimate of fair value (€101.55)

Significantly Below Fair Value: IFF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IFF?

Key metric: As IFF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IFF. This is calculated by dividing IFF's market cap by their current revenue.
What is IFF's PS Ratio?
PS Ratio1.9x
SalesUS$11.42b
Market CapUS$21.76b

Price to Sales Ratio vs Peers

How does IFF's PS Ratio compare to its peers?

The above table shows the PS ratio for IFF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.8x
PPG PPG Industries
1.6x-1.7%US$28.0b
EMSN EMS-CHEMIE HOLDING
6.7x4.5%CHF 14.2b
ASIANPAINT Asian Paints
6.2x8.5%₹2.2t
WIE Wienerberger
0.7x6.5%€2.9b
IFF International Flavors & Fragrances
1.9x0.9%€21.8b

Price-To-Sales vs Peers: IFF is good value based on its Price-To-Sales Ratio (1.9x) compared to the peer average (3.8x).

Price to Sales Ratio vs Industry

How does IFF's PS Ratio compare vs other companies in the European Chemicals Industry?

27 CompaniesPrice / SalesEstimated GrowthMarket Cap
IFF 1.9xIndustry Avg. 1.0xNo. of Companies30PS01.22.43.64.86+
27 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IFF is expensive based on its Price-To-Sales Ratio (1.9x) compared to the European Chemicals industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is IFF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IFF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.9x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: IFF is expensive based on its Price-To-Sales Ratio (1.9x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IFF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€80.74
€102.64
+27.1%
11.1%€124.92€73.99n/a21
Dec ’25€85.94
€100.27
+16.7%
10.4%€122.75€72.70n/a20
Nov ’25€91.46
€100.45
+9.8%
11.2%€120.52€71.39n/a20
Oct ’25€94.50
€94.63
+0.1%
11.8%€116.75€69.15n/a22
Sep ’25€92.82
€94.76
+2.1%
11.5%€118.46€70.16n/a22
Aug ’25€91.32
€93.44
+2.3%
13.3%€120.06€64.65n/a22
Jul ’25€87.76
€91.77
+4.6%
13.1%€121.08€65.20n/a23
Jun ’25€89.12
€90.28
+1.3%
13.1%€120.37€64.81n/a22
May ’25€80.00
€83.09
+3.9%
14.9%€121.47€61.67n/a23
Apr ’25€79.20
€80.04
+1.1%
15.6%€121.03€61.45n/a23
Mar ’25€70.20
€77.81
+10.8%
14.9%€120.28€61.06n/a24
Feb ’25€74.40
€77.98
+4.8%
16.5%€120.03€61.86n/a22
Jan ’25€73.90
€72.90
-1.4%
16.4%€117.75€54.35n/a22
Dec ’24€70.10
€72.60
+3.6%
16.4%€118.34€54.62€85.9422
Nov ’24€64.10
€74.42
+16.1%
18.7%€122.84€53.86€91.4622
Oct ’24€64.90
€77.97
+20.1%
19.4%€123.75€57.11€94.5021
Sep ’24€66.60
€77.01
+15.6%
19.1%€120.29€55.52€92.8222
Aug ’24€76.60
€95.89
+25.2%
16.0%€128.96€66.71€91.3222
Jul ’24€72.50
€102.38
+41.2%
16.7%€133.41€69.01€87.7622
Jun ’24€71.50
€105.82
+48.0%
15.8%€135.17€69.92€89.1221
May ’24€85.50
€104.78
+22.5%
14.7%€131.99€73.73€80.0020
Apr ’24€84.72
€107.00
+26.3%
15.2%€133.68€74.67€79.2020
Mar ’24€86.46
€109.04
+26.1%
15.6%€135.78€76.78€70.2021
Feb ’24€102.76
€114.37
+11.3%
11.9%€137.85€88.22€74.4021
Jan ’24€98.33
€115.61
+17.6%
13.3%€146.23€83.96€73.9021
Dec ’23€100.80
€115.43
+14.5%
14.9%€149.02€79.80€70.1021

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 15:56
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

International Flavors & Fragrances Inc. is covered by 44 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Ghansham PanjabiBaird
Ishan MajumdarBaptista Research