Symrise AG SY1

Morningstar Rating
€123.25 +1.30 (1.07%)
View Full Chart

Company Report

Wide-Moat Symrise Sees Solid Demand Recovery in 2024

Symrise is one of the four largest companies in the global flavour and fragrance industry. It creates bespoke flavour and fragrance formulations from over 10,000 natural and synthetic raw materials for its customers, which manufacture consumer staples such as food, beverages, and household-care products. F&F companies occupy a strong position in the value chain because their products make up only a small portion of the final product cost but play a decisive role in a consumer’s purchasing decision.

Price vs Fair Value

SY1 is trading at a 777% premium.
Price
€123.25
Fair Value
€141.00
Uncertainty
Low
1-Star Price
€576.00
5-Star Price
€15.50
Economic Moat
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Capital Allocation
Cgwswglkr

Bulls Say, Bears Say

Bulls

Early expansion into nontraditional flavour and fragrance businesses has boosted Symrise's growth profile.

Bears

Leverage is above the company’s targeted range, which limits its ability to complete a major acquisition in the next few years.

Trading Information

Previous Close Price
€121.95
Day Range
€122.10124.15
52-Week Range
€87.38124.15
Bid/Ask
€0.00 / €123.45
Market Cap
€17.23 Bil
Volume/Avg
295,202 / 219,144

Key Statistics

Price/Earnings (Normalized)
42.13
Price/Sales
3.53
Dividend Yield (Trailing)
0.89%
Dividend Yield (Forward)
0.89%
Total Yield
0.89%

Company Profile

Symrise is a global supplier of ingredients for fragrances and flavourings across the food, beverage, household products, and pharmaceutical industries. With an estimated 12% market share, it is the world’s fourth-largest supplier of fragrances and flavourings. The company was created after a 2003 merger of two companies that originated in 1874 and 1919. With 9,000 employees, Symrise produces 30,000 products sourced from 10,000 mostly natural raw materials such as vanilla, citrus, blossoms, and plant or animal materials for more than 6,000 customers.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Large Growth
Total Number of Employees
12,538

Competitors

Valuation

Metric
SY1
IFF
INGR
Price/Earnings (Normalized)
42.1336.3714.85
Price/Book Value
4.581.892.42
Price/Sales
3.532.371.19
Price/Cash Flow
22.5826.759.73
Price/Earnings
SY1
IFF
INGR

Financial Strength

Metric
SY1
IFF
INGR
Quick Ratio
1.620.761.46
Current Ratio
2.972.382.52
Interest Coverage
6.65−6.2511.70
Quick Ratio
SY1
IFF
INGR

Profitability

Metric
SY1
IFF
INGR
Return on Assets (Normalized)
4.89%1.56%8.28%
Return on Equity (Normalized)
10.60%3.20%17.45%
Return on Invested Capital (Normalized)
7.01%2.82%11.64%
Return on Assets
SY1
IFF
INGR

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