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SY1

Symrise XTRA:SY1 Stock Report

Last Price

€106.20

Market Cap

€14.8b

7D

9.2%

1Y

-9.4%

Updated

25 Jun, 2022

Data

Company Financials +
SY1 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends4/6

SY1 Stock Overview

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

Symrise Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Symrise
Historical stock prices
Current Share Price€106.20
52 Week High€132.65
52 Week Low€94.10
Beta0.51
1 Month Change4.43%
3 Month Change-0.79%
1 Year Change-9.42%
3 Year Change25.47%
5 Year Change71.24%
Change since IPO474.05%

Recent News & Updates

Jun 16
We Think Symrise (ETR:SY1) Can Manage Its Debt With Ease

We Think Symrise (ETR:SY1) Can Manage Its Debt With Ease

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 01
Symrise's (ETR:SY1) Returns Have Hit A Wall

Symrise's (ETR:SY1) Returns Have Hit A Wall

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Apr 28
Symrise (ETR:SY1) Is Increasing Its Dividend To €1.02

Symrise (ETR:SY1) Is Increasing Its Dividend To €1.02

The board of Symrise AG ( ETR:SY1 ) has announced that it will be increasing its dividend on the 6th of May to €1.02...

Apr 14
Symrise (ETR:SY1) Is Increasing Its Dividend To €1.02

Symrise (ETR:SY1) Is Increasing Its Dividend To €1.02

Symrise AG's ( ETR:SY1 ) dividend will be increasing to €1.02 on 6th of May. Despite this raise, the dividend yield of...

Shareholder Returns

SY1DE ChemicalsDE Market
7D9.2%-3.5%-0.1%
1Y-9.4%-26.2%-22.0%

Return vs Industry: SY1 exceeded the German Chemicals industry which returned -26.2% over the past year.

Return vs Market: SY1 exceeded the German Market which returned -22% over the past year.

Price Volatility

Is SY1's price volatile compared to industry and market?
SY1 volatility
SY1 Average Weekly Movement4.4%
Chemicals Industry Average Movement5.8%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: SY1 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SY1's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187411,276Heinz-Jurgen Bertramhttps://www.symrise.com

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and flavor solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for aqua feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.

Symrise Fundamentals Summary

How do Symrise's earnings and revenue compare to its market cap?
SY1 fundamental statistics
Market Cap€14.84b
Earnings (TTM)€374.92m
Revenue (TTM)€3.83b

39.6x

P/E Ratio

3.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SY1 income statement (TTM)
Revenue€3.83b
Cost of Revenue€2.35b
Gross Profit€1.48b
Other Expenses€1.10b
Earnings€374.92m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 02, 2022

Earnings per share (EPS)2.68
Gross Margin38.66%
Net Profit Margin9.80%
Debt/Equity Ratio52.1%

How did SY1 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SY1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SY1?

Other financial metrics that can be useful for relative valuation.

SY1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.2x
Enterprise Value/EBITDA20x
PEG Ratio4.4x

Price to Earnings Ratio vs Peers

How does SY1's PE Ratio compare to its peers?

SY1 PE Ratio vs Peers
The above table shows the PE ratio for SY1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.7x

Price-To-Earnings vs Peers: SY1 is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the peer average (7.7x).


Price to Earnings Ratio vs Industry

How does SY1's PE Ratio compare vs other companies in the Chemicals Industry?

Price-To-Earnings vs Industry: SY1 is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the German Chemicals industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is SY1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SY1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.6x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: SY1 is expensive based on its Price-To-Earnings Ratio (39.6x) compared to the estimated Fair Price-To-Earnings Ratio (20x).


Share Price vs Fair Value

What is the Fair Price of SY1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SY1 (€106.2) is trading above our estimate of fair value (€89.11)

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


Price to Earnings Growth Ratio

PEG Ratio: SY1 is poor value based on its PEG Ratio (4.4x)


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Future Growth

How is Symrise forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SY1's forecast earnings growth (9% per year) is above the savings rate (-0.05%).

Earnings vs Market: SY1's earnings (9% per year) are forecast to grow faster than the German market (8.3% per year).

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

Revenue vs Market: SY1's revenue (7.4% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: SY1's revenue (7.4% 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 (13.6%).


Discover growth companies

Past Performance

How has Symrise performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SY1 has high quality earnings.

Growing Profit Margin: SY1's current net profit margins (9.8%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: SY1's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: SY1's earnings growth over the past year (22.2%) exceeds its 5-year average (6.7% per year).

Earnings vs Industry: SY1 earnings growth over the past year (22.2%) underperformed the Chemicals industry 40.7%.


Return on Equity

High ROE: SY1's Return on Equity (11.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Symrise's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SY1's short term assets (€2.3B) exceed its short term liabilities (€1.1B).

Long Term Liabilities: SY1's short term assets (€2.3B) exceed its long term liabilities (€2.2B).


Debt to Equity History and Analysis

Debt Level: SY1's net debt to equity ratio (38.2%) is considered satisfactory.

Reducing Debt: SY1's debt to equity ratio has reduced from 101.2% to 52.1% over the past 5 years.

Debt Coverage: SY1's debt is well covered by operating cash flow (30.8%).

Interest Coverage: SY1's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.96%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SY1's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: SY1's dividend (0.96%) is low compared to the top 25% of dividend payers in the German market (4.53%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.2%), SY1's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (41%), SY1's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

6.3yrs

Average management tenure


CEO

Heinz-Jurgen Bertram (63 yo)

15.58yrs

Tenure

€2,461,899

Compensation

Dr. Heinz-Jurgen 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-Jurgen's total compensation ($USD2.60M) is below average for companies of similar size in the German market ($USD5.63M).

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


Leadership Team

Experienced Management: SY1's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: SY1's board of directors are considered experienced (6.1 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 been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Symrise AG
  • Ticker: SY1
  • Exchange: XTRA
  • Founded: 1874
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: €14.844b
  • Shares outstanding: 139.77m
  • Website: https://www.symrise.com

Number of Employees


Location

  • Symrise AG
  • MUehlenfeldstrasse 1
  • Konzernkommunikation
  • Holzminden
  • Lower Saxony
  • 37603
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.