Executive Summary
Symrise AG develops, produces, and supplies fragrances, flavorings, cosmetic active ingredients, raw materials, and functional ingredients.
Rewards
Risk Analysis
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
| SY1 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | 7.1% | 3.2% |
| 30 Day | 6.5% | 4.6% | 4.7% |
| 90 Day | 11.6% | -1.6% | -0.9% |
| 1 Year | 17.3%17.3% | -10.0%-10.4% | 1.7%0.01% |
| 3 Year | 54.4%50.9% | -28.7%-33.7% | -6.8%-14.0% |
| 5 Year | 83.8%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
1 week ago | Simply Wall St
Where Symrise AG (ETR:SY1) Stands In Terms Of Earnings Growth Against Its Industry3 weeks ago | Simply Wall St
Is Symrise AG's (ETR:SY1) CEO Pay Justified?1 month ago | Simply Wall St
These 4 Measures Indicate That Symrise (ETR:SY1) Is Using Debt Reasonably WellValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chairman of Executive Board & Labour Director | 10.83yrs | €2.46m | no data | |
| CFO & Member of Executive Board | 4.25yrs | €1.52m | no data | |
| Member of Executive Board and President of Scent & Care Worldwide | 13.5yrs | €1.52m | no data | |
| President of Flavor Division & Member of Executive Board | 3.58yrs | €1.55m | no data | |
| President of Nutrition & Member of Executive Board | 3.58yrs | €1.79m | no data | |
| Corporate Vice President of Operations | no data | no data | no data | |
| Head of Investor Relation | no data | no data | no data | |
| Senior Vice President of New Business Development - Scent & Care Division | no data | no data | no data | |
| Senior Vice President of Scent & Care | no data | no data | no data | |
| Managing Director of Madagascar | no data | no data | no data |
4.3yrs
Average Tenure
57yo
Average Age
Experienced Management: SY1's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | no data | €77.00k | no data | |
| Independent Member of the Supervisory Board | 2yrs | €114.50k | no data | |
| Independent Member of Supervisory Board | 6yrs | €79.50k | no data | |
| Independent Member of Supervisory Board | 9yrs | €77.00k | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Independent Chairman of the Supervisory Board | 0.75yr | €109.17k | no data | |
| Employee Representative Vice Chairman of the Supervisory Board | 1.67yrs | €115.50k | no data | |
| Independent Member of Supervisory Board | 4yrs | €79.50k | no data | |
| Employee Representative Member of Supervisory Board | 4yrs | €76.00k | no data | |
| Employee Representative Member of Supervisory Board | 4yrs | €77.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SY1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 2006 |
| SY1 | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Dec 2006 |
| 0G6T | LSE (London Stock Exchange) | Yes | Common Stock | GB | EUR | Dec 2006 |
| SYIE.F | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Dec 2006 |
| SY1D | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | EUR | Dec 2006 |
| SY1 | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Dec 2006 |
| SY1 | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Dec 2006 |
| SY1 N | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 2006 |
| SYIE.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/29 22:22 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.