XTRA:SY1

Stock Analysis Report

Executive Summary

Symrise AG develops, produces, and supplies fragrances, flavorings, cosmetic active ingredients, raw materials, and functional ingredients.

Rewards

Earnings are forecast to grow 12.36% per year

Earnings grew by 3.1% over the past year

Pays a reliable dividend of 1.03%

Risk Analysis

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year



Snowflake Analysis

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Symrise's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SY1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

SY1

0.7%

DE Chemicals

1.0%

DE Market


1 Year Return

27.5%

SY1

13.9%

DE Chemicals

16.4%

DE Market

Return vs Industry: SY1 exceeded the German Chemicals industry which returned 13.9% over the past year.

Return vs Market: SY1 exceeded the German Market which returned 16.4% over the past year.


Shareholder returns

SY1IndustryMarket
7 Day0.5%0.7%1.0%
30 Day2.0%-4.0%-0.4%
90 Day1.8%3.7%6.5%
1 Year28.9%27.5%18.4%13.9%20.0%16.4%
3 Year60.0%54.3%-7.0%-15.8%19.9%9.3%
5 Year94.6%82.6%25.2%6.1%40.8%21.7%

Price Volatility Vs. Market

How volatile is Symrise's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Symrise undervalued compared to its fair value and its price relative to the market?

41.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SY1 (€87.42) is trading above our estimate of fair value (€58.7)

Significantly Below Fair Value: SY1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SY1 is poor value based on its PE Ratio (41.4x) compared to the Chemicals industry average (21.3x).

PE vs Market: SY1 is poor value based on its PE Ratio (41.4x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: SY1 is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: SY1 is overvalued based on its PB Ratio (5.2x) compared to the DE Chemicals industry average (1.9x).


Next Steps

Future Growth

How is Symrise forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

12.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SY1's forecast earnings growth (12.4% per year) is above the savings rate (-0.4%).

Earnings vs Market: SY1's earnings (12.4% per year) are forecast to grow slower than the German market (13.2% per year).

High Growth Earnings: SY1's earnings are forecast to grow, but not significantly.

Revenue vs Market: SY1's revenue (7.2% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: SY1's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SY1's Return on Equity is forecast to be low in 3 years time (14.9%).


Next Steps

Past Performance

How has Symrise performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SY1 has high quality earnings.

Growing Profit Margin: SY1's current net profit margins (8.5%) are lower than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: SY1's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: SY1's earnings growth over the past year (3.1%) is below its 5-year average (7.9% per year).

Earnings vs Industry: SY1 earnings growth over the past year (3.1%) exceeded the Chemicals industry -10.8%.


Return on Equity

High ROE: SY1's Return on Equity (12.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Symrise's financial position?


Financial Position Analysis

Short Term Liabilities: SY1's short term assets (€3.0B) exceed its short term liabilities (€1.2B).

Long Term Liabilities: SY1's short term assets (€3.0B) exceed its long term liabilities (€2.7B).


Debt to Equity History and Analysis

Debt Level: SY1's debt to equity ratio (101.5%) is considered high.

Reducing Debt: SY1's debt to equity ratio has increased from 39.6% to 101.5% over the past 5 years.

Debt Coverage: SY1's debt is not well covered by operating cash flow (18.3%).

Interest Coverage: SY1's interest payments on its debt are well covered by EBIT (12.5x coverage).


Balance Sheet

Inventory Level: SY1 has a high level of physical assets or inventory.

Debt Coverage by Assets: SY1's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Symrise's current dividend yield, its reliability and sustainability?

1.03%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.4%markettop25%3.6%industryaverage4.0%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: SY1's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.37%).

High Dividend: SY1's dividend (1.03%) is low compared to the top 25% of dividend payers in the German market (3.59%).


Stability and Growth of Payments

Stable Dividend: SY1's dividends per share have been stable in the past 10 years.

Growing Dividend: SY1's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.6%), SY1's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SY1's dividends in 3 years are forecast to be covered by earnings (50% payout ratio).


Next Steps

Management

What is the CEO of Symrise's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Heinz-Jürgen Bertram (61yo)

10.4yrs

Tenure

€2,456,667

Compensation

Dr. Heinz-Jürgen Bertram, Ph.D., has been Chairman of the Executive Board, Chief Executive Officer and Labour Director at Symrise AG since July 2009 and its has been Member of Executive Board since Novembe ...


CEO Compensation Analysis

Compensation vs Market: Heinz-Jürgen's total compensation ($USD2.72M) is below average for companies of similar size in the German market ($USD4.61M).

Compensation vs Earnings: Heinz-Jürgen's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.8yrs

Average Tenure

57yo

Average Age

Experienced Management: SY1's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

54yo

Average Age

Experienced Board: SY1's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Management Team

  • Heinz-Jürgen Bertram (61yo)

    CEO, Chairman of Executive Board & Labour Director

    • Tenure: 10.4yrs
    • Compensation: €2.46m
  • Jürgen Nienhaus

    Corporate Vice President of Operations

    • Tenure: 0yrs
  • Achim Daub (57yo)

    Member of Executive Board and President of Scent & Care Worldwide

    • Tenure: 13.1yrs
    • Compensation: €1.52m
  • Roberto Ascoli

    Senior Vice President of New Business Development - Scent & Care Division

    • Tenure: 0yrs
  • Béatrice Favre-Bulle

    Senior Vice President of Scent & Care

    • Tenure: 0yrs
  • Jean-Yves Parisot (55yo)

    President of Nutrition & Member of Executive Board

    • Tenure: 3.2yrs
    • Compensation: €725.15k
  • Alain Bourdon

    Managing Director of Madagascar

    • Tenure: 0yrs
  • Olaf Klinger (53yo)

    CFO & Member of Executive Board

    • Tenure: 3.8yrs
    • Compensation: €1.52m
  • Heinrich Schaper (63yo)

    President of Flavor Division & Member of Executive Board

    • Tenure: 3.2yrs
    • Compensation: €1.55m
  • Tobias Erfurth

    Head of Investor Relation

    • Tenure: 0yrs

Board Members

  • Thomas Rabe (54yo)

    Member of Supervisory Board

    • Tenure: 10.7yrs
    • Compensation: €146.00k
  • Horst-Otto Gerberding

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €76.00k
  • Bernd Hirsch (49yo)

    Member of the Supervisory Board

    • Tenure: 1.6yrs
    • Compensation: €74.50k
  • Peter Winkelmann

    Member of Supervisory Board

    • Tenure: 5.6yrs
    • Compensation: €79.50k
  • Andrea Pfeifer (61yo)

    Member of Supervisory Board

    • Tenure: 8.6yrs
    • Compensation: €75.00k
  • Xuemin Wang

    Member of Scientific Advisory Board

    • Tenure: 0yrs
  • Winfried Steeger

    Chairman of the Supervisory Board

    • Tenure: 0.3yrs
    • Compensation: €77.50k
  • Harald Feist

    Vice Chairman of the Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: €91.17k
  • Ursula Buck

    Member of Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €78.50k
  • André Kirchhoff

    Member of Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €75.00k

Company Information

Symrise AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Symrise AG
  • Ticker: SY1
  • Exchange: XTRA
  • Founded: 1874
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: €11.839b
  • Shares outstanding: 135.43m
  • Website: https://www.symrise.com

Number of Employees


Location

  • Symrise AG
  • Mühlenfeldstrasse 1
  • Holzminden
  • Lower Saxony
  • 37603
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SY1DB (Deutsche Boerse AG)YesCommon StockDEEURDec 2006
SY1XTRA (XETRA Trading Platform)YesCommon StockDEEURDec 2006
0G6TLSE (London Stock Exchange)YesCommon StockGBEURDec 2006
SYIE.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2006
SY1DBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURDec 2006
SY1SWX (SIX Swiss Exchange)YesCommon StockCHCHFDec 2006
SY1WBAG (Wiener Boerse AG)YesCommon StockATEURDec 2006
SY1 NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNDec 2006
SYIE.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

Symrise AG develops, produces, and supplies fragrances, flavorings, cosmetic active ingredients, raw materials, and functional ingredients. It operates through three segments: Scent & Care, Flavor, and Nut ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 20:52
End of Day Share Price2019/12/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.