XTRA:SY1

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Solid track record with adequate balance sheet and pays a dividend.


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

1.7%

SY1

7.1%

DE Chemicals

3.2%

DE Market


1 Year Return

17.3%

SY1

-10.4%

DE Chemicals

0.01%

DE Market

Return vs Industry: SY1 exceeded the German Chemicals industry which returned -18% over the past year.

Return vs Market: SY1 exceeded the German Market which returned -2.6% over the past year.


Shareholder returns

SY1IndustryMarket
7 Day1.7%7.1%3.2%
30 Day6.5%4.6%4.7%
90 Day11.6%-1.6%-0.9%
1 Year17.3%17.3%-10.0%-10.4%1.7%0.01%
3 Year54.4%50.9%-28.7%-33.7%-6.8%-14.0%
5 Year83.8%74.8%-19.8%-30.4%3.9%-9.5%

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?

44.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SY1 (€96.64) is trading above our estimate of fair value (€61.58)

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 (43.7x) compared to the Chemicals industry average (17.6x).

PE vs Market: SY1 is poor value based on its PE Ratio (43.7x) compared to the German market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: SY1 is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: SY1 is overvalued based on its PB Ratio (5.4x) compared to the DE Chemicals industry average (1.4x).


Next Steps

Future Growth

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

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SY1's forecast earnings growth (10.4% per year) is above the savings rate (0.2%).

Earnings vs Market: SY1's earnings (10.4% per year) are forecast to grow slower than the German market (22.1% per year).

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

Revenue vs Market: SY1's revenue (6.3% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: SY1's revenue (6.3% 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?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SY1 has high quality earnings.

Growing Profit Margin: SY1's current net profit margins (8.8%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: SY1's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: SY1's earnings growth over the past year (8.3%) exceeds its 5-year average (6.8% per year).

Earnings vs Industry: SY1 earnings growth over the past year (8.3%) exceeded the Chemicals industry -16.7%.


Return on Equity

High ROE: SY1's Return on Equity (12.4%) is considered low.


Next Steps

Financial Health

How is Symrise's financial position?


Financial Position Analysis

Short Term Liabilities: SY1's short term assets (€2.1B) exceed its short term liabilities (€1.1B).

Long Term Liabilities: SY1's short term assets (€2.1B) do not cover its long term liabilities (€2.3B).


Debt to Equity History and Analysis

Debt Level: SY1's debt to equity ratio (79.8%) is considered high.

Reducing Debt: SY1's debt to equity ratio has reduced from 95.3% to 79.8% over the past 5 years.

Debt Coverage: SY1's debt is well covered by operating cash flow (27.8%).

Interest Coverage: SY1's interest payments on its debt are well covered by EBIT (13.2x coverage).


Balance Sheet


Next Steps

Dividend

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

0.97%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SY1's dividend (0.98%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.33%).

High Dividend: SY1's dividend (0.98%) is low compared to the top 25% of dividend payers in the German market (4.04%).


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 (42.9%), 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 well covered by earnings (38.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Heinz-Jürgen Bertram (61yo)

10.83yrs

Tenure

€2,456,795

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 ($USD2.70M) is below average for companies of similar size in the German market ($USD5.19M).

Compensation vs Earnings: Heinz-Jürgen's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Heinz-Jürgen Bertram
CEO, Chairman of Executive Board & Labour Director10.83yrs€2.46mno data
Olaf Klinger
CFO & Member of Executive Board4.25yrs€1.52mno data
Achim Daub
Member of Executive Board and President of Scent & Care Worldwide 13.5yrs€1.52mno data
Heinrich Schaper
President of Flavor Division & Member of Executive Board3.58yrs€1.55mno data
Jean-Yves Parisot
President of Nutrition & Member of Executive Board3.58yrs€1.79mno data
Jürgen Nienhaus
Corporate Vice President of Operationsno datano datano data
Tobias Erfurth
Head of Investor Relationno datano datano data
Roberto Ascoli
Senior Vice President of New Business Development - Scent & Care Divisionno datano datano data
Béatrice Favre-Bulle
Senior Vice President of Scent & Careno datano datano data
Alain Bourdon
Managing Director of Madagascarno datano datano data

4.3yrs

Average Tenure

57yo

Average Age

Experienced Management: SY1's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Horst-Otto Gerberding
Independent Member of Supervisory Boardno data€77.00kno data
Bernd Hirsch
Independent Member of the Supervisory Board2yrs€114.50kno data
Peter Winkelmann
Independent Member of Supervisory Board6yrs€79.50kno data
Andrea Pfeifer
Independent Member of Supervisory Board9yrs€77.00kno data
Xuemin Wang
Member of Scientific Advisory Boardno datano datano data
Winfried Steeger
Independent Chairman of the Supervisory Board0.75yr€109.17kno data
Harald Feist
Employee Representative Vice Chairman of the Supervisory Board1.67yrs€115.50kno data
Ursula Buck
Independent Member of Supervisory Board4yrs€79.50kno data
André Kirchhoff
Employee Representative Member of Supervisory Board4yrs€76.00kno data
Ludwig Tumbrink
Employee Representative Member of Supervisory Board4yrs€77.00kno data

4.0yrs

Average Tenure

Experienced Board: SY1's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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 not been meaningfully diluted in the past year.


Top Shareholders

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: €13.326b
  • 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 Nutrition. The Scent & Care segment develops, produces, and sells fragrance ingredients and compositions, cosmetic ingredients, and mint flours, as well as specific application processes for such substances. This segment’s products are used by manufacturer of perfumes, personal care and cosmetic products, cleaning products, detergents, air fresheners, and oral care products. The Flavor segment provides flavors and functional ingredients used in the production of foods, beverages, and health products. The Nutrition segments offers tailored solutions for use in foods, beverages, pet foods, aquacultures, and cosmetics. The company operates in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. Symrise AG was founded in 1874 and is headquartered in Holzminden, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 22:22
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.