NYSE:IFF

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International Flavors & Fragrances

Executive Summary

International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. More Details


Snowflake Analysis

Established dividend payer with proven track record.


Similar Companies

Share Price & News

How has International Flavors & Fragrances's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.6%

IFF

0.3%

US Chemicals

0.4%

US Market


1 Year Return

-8.0%

IFF

9.0%

US Chemicals

17.8%

US Market

Return vs Industry: IFF underperformed the US Chemicals industry which returned 9% over the past year.

Return vs Market: IFF underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

IFFIndustryMarket
7 Day-2.6%0.3%0.4%
30 Day-7.1%6.0%6.1%
90 Day-13.8%5.7%8.9%
1 Year-5.6%-8.0%11.6%9.0%20.5%17.8%
3 Year-19.3%-24.7%15.2%-6.4%42.3%32.9%
5 Year6.0%-4.7%62.3%24.7%84.2%63.4%

Price Volatility Vs. Market

How volatile is International Flavors & Fragrances's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is International Flavors & Fragrances undervalued compared to its fair value and its price relative to the market?

9.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IFF ($110.57) is trading below our estimate of fair value ($122.53)

Significantly Below Fair Value: IFF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: IFF is poor value based on its PE Ratio (29.3x) compared to the US Chemicals industry average (27.1x).

PE vs Market: IFF is poor value based on its PE Ratio (29.3x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: IFF is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: IFF's PB Ratio (2x) is in line with the US Chemicals industry average.


Next Steps

Future Growth

How is International Flavors & Fragrances forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IFF's forecast earnings growth (11% per year) is above the savings rate (2.2%).

Earnings vs Market: IFF's earnings (11% per year) are forecast to grow slower than the US market (22.1% per year).

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

Revenue vs Market: IFF's revenue (4.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: IFF's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IFF's Return on Equity is forecast to be low in 3 years time (10.6%).


Next Steps

Past Performance

How has International Flavors & Fragrances performed over the past 5 years?

-1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IFF has high quality earnings.

Growing Profit Margin: IFF's current net profit margins (8.3%) are higher than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: IFF's earnings have declined by 1.8% per year over the past 5 years.

Accelerating Growth: IFF's earnings growth over the past year (20.6%) exceeds its 5-year average (-1.8% per year).

Earnings vs Industry: IFF earnings growth over the past year (20.6%) exceeded the Chemicals industry -18.6%.


Return on Equity

High ROE: IFF's Return on Equity (7%) is considered low.


Next Steps

Financial Health

How is International Flavors & Fragrances's financial position?


Financial Position Analysis

Short Term Liabilities: IFF's short term assets ($3.0B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: IFF's short term assets ($3.0B) do not cover its long term liabilities ($5.5B).


Debt to Equity History and Analysis

Debt Level: IFF's debt to equity ratio (66.7%) is considered high.

Reducing Debt: IFF's debt to equity ratio has increased from 61.6% to 66.7% over the past 5 years.

Debt Coverage: IFF's debt is not well covered by operating cash flow (17.7%).

Interest Coverage: IFF's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Next Steps

Dividend

What is International Flavors & Fragrances's current dividend yield, its reliability and sustainability?

2.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IFF's dividend (2.79%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: IFF's dividend (2.79%) is low compared to the top 25% of dividend payers in the US market (4.56%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79.6%), IFF's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IFF's dividends in 3 years are forecast to be covered by earnings (53.2% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Andreas Fibig (58 yo)

6.08yrs

Tenure

US$7,629,084

Compensation

Mr. Andreas Fibig serves as Director of Novo Nordisk A/S since March 22, 2018. He has been the Chief Executive Officer of International Flavors & Fragrances Inc. (IFF) since September 1, 2014.. He has been ...


CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD7.63M) is below average for companies of similar size in the US market ($USD11.16M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andreas Fibig
Chairman & CEO6.08yrsUS$7.63m0.061%
$ 7.2m
Anne Chwat
Executive VP9.5yrsUS$1.49m0.044%
$ 5.2m
Nicolas Mirzayantz
Divisional Chief Executive Officer of Scent16yrsUS$2.43m0.029%
$ 3.4m
Richard O'Leary
Executive VP & Integration Officer0.75yrUS$1.86m0.021%
$ 2.5m
Matthias Haeni
Executive Officer6.5yrsUS$1.74m0.037%
$ 4.4m
Rustom Jilla
Executive VP & CFO0.75yrno data0.0015%
$ 177.4k
Francisco Fortanet
Executive Vice President of Operations5.17yrsno data0.020%
$ 2.4m
Gregory Yep
Executive VP and Chief Global Scientific & Sustainability Officer4.33yrsno data0.0036%
$ 424.5k
Vic Verma
Senior VP & Chief Information Officer1.42yrsno datano data
Michael DeVeau
Head of Investor Relations and Communications & Divisional CFO of Scentno datano datano data
Susana Suarez-Gonzalez
Executive VP & Chief Human Resources Officer3.92yrsno data0.0054%
$ 637.3k
Kathy Fortmann
Divisional Chief Executive Officer of Taste0.50yrno datano data

4.3yrs

Average Tenure

57yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Andreas Fibig
Chairman & CEO6.08yrsUS$7.63m0.061%
$ 7.2m
Dale Morrison
Lead Independent Directorno dataUS$282.09k0.0037%
$ 443.4k
Katherine Hudson
Independent Director12yrsUS$257.09k0.0023%
$ 276.7k
Marcello Bottoli
Independent Director13.25yrsUS$257.09k0.0030%
$ 350.0k
Christina Gold
Independent Director7.75yrsUS$272.18k0.0054%
$ 639.7k
Michael Ducker
Independent Director6yrsUS$257.09k0%
$ 0
John Ferraro
Independent Director5.42yrsUS$277.09k0%
$ 0
David Epstein
Independent Director4.75yrsUS$257.09k0%
$ 0
Roger Ferguson
Independent Director10.75yrsUS$264.59k0%
$ 0
Shekhar Mitra
Member of Scientific Advisory Board5.58yrsno datano data
Andrew Winston
Member of Scientific Advisory Board3.5yrsno datano data
Stephen Williamson
Independent Director3.17yrsUS$257.09k0%
$ 0

5.8yrs

Average Tenure

65yo

Average Age

Experienced Board: IFF's board of directors are considered experienced (5.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

International Flavors & Fragrances Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: International Flavors & Fragrances Inc.
  • Ticker: IFF
  • Exchange: NYSE
  • Founded: 1833
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$11.823b
  • Shares outstanding: 106.93m
  • Website: https://www.iff.com

Number of Employees


Location

  • International Flavors & Fragrances Inc.
  • 521 West 57th Street
  • New York
  • New York
  • 10019
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFFNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
IFFDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
IFFENXTPA (Euronext Paris)YesCommon StockFREURJan 1968
0RF3LSE (London Stock Exchange)YesCommon StockGBEURJan 1968
IFFTASE (The Tel-Aviv Stock Exchange)YesCommon StockILILSJan 1968
I1FF34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 SHS UNSPONBRBRLJan 2020

Biography

International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Taste and Scent. The Tas ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 05:38
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.