International Flavors & Fragrances Inc. (IFF)

NYSE: IFF · USD

$90.5

-2.71 (-2.9%)· Recorded snapshot

英文原文ZH

翻译期间显示英文原文

此报告尚未翻译。翻译队列赶上后请在几分钟内刷新。

StockMarketAgent Research · Analyzed 2026-10-08

Our latest published analysis: IFF rated Sell

International Flavors & Fragrances Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$43.0 / share

Potential value

$66.2 / share

Upside to FV

-49.2%

from $90.5

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$21.6B
Revenue (ttm)	10.8B
Net income (ttm)	277M
EPS (ttm)	$1.08
Shares out	255.1M
P/E (trailing)	83.6x
P/E (forward)	17.7x
Dividend	$1.60 (1.77%)
Volume	2,640,995
Beta	0.93

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 10.8B
Net income (ttm): 277M
EPS (ttm): $1.08
P/E (trailing): 83.6x
P/E (forward): 17.7x
Market cap: $21.6B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$11.66B	$12.44B	$11.48B	$11.48B	$10.89B	-1.7%
Gross profit	$3.74B	$4.15B	$3.68B	$4.12B	$3.94B	+1.3%
Operating income	$585.0M	$-1.33B	$-2.11B	$766.0M	$-382.0M	—
Net income	$268.0M	$-1.87B	$-2.57B	$243.0M	$-361.0M	—
EPS (diluted)	$1.10	$-7.32	$-10.14	$1.04	$-1.41	—
EBITDA	$1.80B	$-110.0M	$-996.0M	$1.60B	$779.0M	-18.9%
R&D	$629.0M	$603.0M	$636.0M	$671.0M	$694.0M	+2.5%
SG&A	$1.75B	$1.77B	$1.79B	$2.00B	$1.83B	+1.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	持有
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	持有
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	卖出
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	持有
AVY	Avery Dennison Corporation	13.7B	19.8x	1.5x	15.1%	+3.3%	+1.6%	持有
BALL	Ball Corporation	16.7B	18.0x	1.2x	8.7%	+2.3%	+28.3%	买入

Base and Bull scenarios

Base60%

Price target

$43.00

-49.2% from spot

Under the Base case path, weighted at 60.0%, IFF successfully executes its portfolio refocusing into Scent, Taste, and Health & Biosciences. Gross margins normalize near the guided range while two-thirds of stranded overhead expenses are removed within the first twelve months post-separation. Capital expenditures moderate, and divestiture proceeds facilitate meaningful balance sheet deleveraging, leading to Fair value of $43.00 and an implied return of -49.2% against $84.65.

Operating margins expand steadily as stranded overhead is eliminated in phases
Divestiture proceeds are allocated primarily to debt retirement to lower interest burden
Transition working capital headwinds normalize following the separation stand date
Terminal valuation multiple converges toward historical mid-cycle specialty peer norms

Bull15%

Price target

$66.15

-21.9% from spot

Under the Bull case path, assigned a 15.0% probability, RemainCo accelerates operational efficiencies to reach upper-tier specialty peer margins. Formula pricing resets outpace raw material cost inflation, emerging market volume growth in fine fragrance and taste compounds accelerates, and stranded overhead is extinguished rapidly. Rapid debt retirement restores credit strength, driving valuation to Potential value of $66.15 and an implied return of -21.9% relative to $84.65.

Core operating margins reach premium specialty chemicals peer levels
Accelerated debt reduction unlocks discretionary share repurchases ahead of schedule
Robust international volume growth across fine fragrances and bioscience compounds
Market valuation awards a premium multiple recognizing structural portfolio quality

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($43.00). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
10.0%	$45.3	$45.9	$46.5	$47.2	$47.9
10.5%	$43.6	$44.1	$44.7	$45.2	$45.8
11.0%	$42.1	$42.6	$43.0	$43.5	$44.0
11.5%	$40.8	$41.1	$41.5	$41.9	$42.4
12.0%	$39.5	$39.8	$40.2	$40.5	$40.9

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17.7

P25 n/aP50 n/aP75 n/a

Trailing P/E83.3

P25 n/aP50 n/aP75 n/a

ROE-5.5

P25 n/aP50 n/aP75 n/a

ROIC4.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All IFF indicators

Market & fundamental data

Available fields

278

Groups with data

Currency

USD

Showing 278 of 278 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000051253
Company name	International Flavors & Fragrances Inc.
Country	United States
Country code	US
CUSIP number	459506101
Earnings date	2026-11-03
Earnings time	amc
Employees	21,500
Employees change	-900
Employees growth	-4.02%
Enterprise value	$28.8B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1833
In index	SP500
Industry	Specialty Chemicals
Is primary listing	Yes
Is SPAC	No
ISIN number	US4595061015
Last 10-K release date	2026-02-27
Last earnings date	2026-08-04
Last refreshed	2026-10-28
Last stock split date	1994-01-20
Last stock split type	Forward
Market cap	$23.1B
Market cap category	Large-Cap
Next earnings date	2026-11-03
Options	Yes
Price	$90.50
Price currency	USD
Sector	Materials
SIC code	2860
Stock price date	2026-10-28
Symbol	IFF
U.S. state	New York
Website	https://www.iff.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	23.09x
Average P/E ratio (10Y)	90.62x
Earnings yield	1.2%
EV/Earnings	104.1x
EV/EBIT	30.97x
EV/EBITDA	15.09x
EV/FCF	53.2x
EV/Sales	2.67x
FCF / EV yield	1.88%
FCF yield	2.34%
Forward EV/Sales	3.75x
Forward P/E	26.1x
Forward P/S	3.01x
Graham number	36.50708
Graham upside	-59.72%
Industry forward P/E	19.6x
Industry P/E	43.87x
Lynch fair value	$16.54
Lynch upside	-81.75%
P/(FCF - SBC) ratio	50.94x
P/(OCF - SBC) ratio	21.55x
P/B ratio	1.7x
P/E ratio	83.63x
P/FCF ratio	42.67x
P/OCF ratio	19.92x
P/S ratio	2.15x
PEG ratio	4.2x
Price / tangible book value	11.02x
Price/EBITDA ratio	12.1x
Sector forward P/E	15.04x
Sector P/E	22.59x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	8.64%
EBITDA margin	17.73%
FCF margin	5.03%
Gross margin	36.58%
Operating margin	8.64%
Pretax margin	-6.29%
Profit margin	2.57%
Profit per employee	$12,884
Profitable quarters	5
Revenue per employee	$501,442
ROA	2.27%
ROA (5Y)	1.61%
ROCE	4.49%
ROE	-5.55%
ROE (5Y)	-4.84%
ROIC	4.68%
ROIC (5Y)	2.98%
SBC / revenue	0.82%
Tax / revenue	1.03%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth (Q)	-91.59%
EPS growth (QoQ)	-70.18%
EPS growth 10Y	-14.57%
EPS growth 5Y	6.37%
EPS growth years	0
FCF growth	-14.11%
FCF growth 3Y	26.94%
FCF growth 5Y	-10.18%
Gross profit growth	6.36%
Gross profit growth (Q)	3.52%
Gross profit growth 3Y	1.54%
Gross profit growth 5Y	5.08%
Net income growth (Q)	-91.65%
Net income growth (QoQ)	-70.41%
Net income growth 5Y	15.29%
Net income growth years	0
OCF growth	5.35%
OCF growth 10Y	10.2%
OCF growth 3Y	12.15%
OCF growth 5Y	-0.72%
Operating income growth	44.45%
Operating income growth (Q)	1.84%
Operating income growth 3Y	8.89%
Operating income growth 5Y	1.06%
Revenue growth	11.55%
Revenue growth (Q)	1.82%
Revenue growth (QoQ)	2.52%
Revenue growth 10Y	13.43%
Revenue growth 3Y	-3.14%
Revenue growth 5Y	5.91%
Revenue growth quarters	1
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-619M
Depreciation and amortization	$980M
EBIT	$931M
EBITDA	$1.9B
EPS	$1.08
FCF per share	$2.12
Financing cash flow	$-1B
Free cash flow	$542M
Free cash flow minus SBC	$454M
Gross profit	$3.9B
Income taxes	$111M
Investing cash flow	$-405M
Net borrowing	$-450M
Net cash flow	$-247M
Net income	$277M
Operating cash flow minus SBC	$1.1B
Operating income	$931M
Revenue	$10.8B
Stock-based compensation	$88M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.55
Book value per share	$54.74
Debt / EBITDA	2.98
Debt / equity	0.45
Debt / FCF	11.58
Goodwill	$8.1B
Interest coverage	4.98
Long-term assets	$16.1B
Long-term liabilities	$6.7B
Net cash (debt)	$-5.7B
Net cash / market cap	-24.69%
Net debt / EBITDA	2.99
Net debt / equity	0.41
Net debt / FCF	10.54
Piotroski F-Score	7
Property, plant and equipment	$3.2B
Shareholders' equity	$14B
Tangible book value	$2.1B
Tangible book value per share	$8.22
Total assets	$25.2B
Total cash	$569M
Total debt	$6.3B
Total liabilities	$11.1B
WACC	7.86%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.42
Current assets	$9.1B
Current liabilities	$4.4B
Current ratio	2.06
Inventory turnover	3.37
Net working capital	$5.2B
Quick ratio	0.49
Working capital	$4.7B
Working capital turnover	2.9

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.29%
Dividend growth	0%
Dividend growth (10Y)	-3.65%
Dividend growth (3Y)	-20.96%
Dividend growth (5Y)	-12.39%
Dividend growth years	0
Dividend payment date	2026-10-09
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$1.60
Dividend yield	1.77%
Ex-dividend date	2026-09-18
FCF payout ratio	75.32%
Last dividend	$0.40
Payout ratio	147.87%
Shareholder yield	2.06%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-32.17%
10Y return CAGR	-1.42%
10Y total return	-13.31%
150-day SMA	$79.67
15Y price change	43.59%
15Y return CAGR	4.79%
15Y total return	101.85%
1D price change	-2.91%
1M price change	5.58%
1M total return	5.58%
1W price change	-0.81%
1W total return	-0.81%
1Y price change	38.57%
1Y return CAGR	41.69%
1Y total return	41.66%
20-day SMA	$88.42
200-day SMA	$78.32
20Y price change	116.97%
20Y return CAGR	6.33%
20Y total return	241.19%
3M price change	18.42%
3M total return	18.98%
3Y price change	33.35%
3Y return CAGR	12.53%
3Y total return	42.5%
50-day SMA	$86.49
50-day SMA vs 200-day SMA	50over200
52-week high	$94.65
52-week high date	2026-10-26
52-week low	$61.30
52-week low date	2025-11-04
5Y price change	-38.98%
5Y return CAGR	-6.96%
5Y total return	-30.3%
6M price change	27.45%
6M total return	28.73%
All-time high	$157.40
All-time high date	2018-01-17
All-time low	$4.69
All-time low date	1969-03-04
Average true range (ATR)	$1.91
Average volume	1.9M
Beta (1Y)	0.88
Beta (2Y)	0.74
Beta (5Y)	0.93
Change from 52-week high	-4.39%
Change from 52-week low	47.64%
Change from all-time high	-42.52%
Change from all-time low	1,829.1%
Change from open	-1.94%
Day's gap	-0.99%
Dollar volume	$239M
High price	$92.29
Low price	$90.11
Monthly RSI	57.9
Open price	$92.29
Position in 52-week range	17.66%
Premarket change	-1.31%
Premarket close	$93.21
Premarket price	$91.99
Premarket volume	2.1K
Previous close	$93.21
Price vs 150-day SMA	13.57%
Price vs 20-day SMA	2.33%
Price vs 200-day SMA	15.52%
Price vs 50-day SMA	4.6%
Relative volume	1.37
RSI	57.5
Sharpe ratio	1.04
Sharpe ratio (3Y)	0.46
Sharpe ratio (5Y)	-0.17
Sortino ratio	2.05
Sortino ratio (3Y)	0.91
Sortino ratio (5Y)	-0.07
Volume	2.6M
Weekly RSI	60.33
YTD price change	34.26%
YTD total return	36.41%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	254.4M
Float percentage	99.72%
Shares change (QoQ)	0%
Shares change (YoY)	-0.29%
Shares held by insiders	0.17%
Shares held by institutions	107.38%
Shares outstanding	255.1M
Short % of float	6.34%
Short % of shares	6.32%
Short ratio	9.5 days

Deeper analysis on IFF

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this IFF report

What is the latest published IFF stock rating?

International Flavors & Fragrances Inc. is shown with Sell in the latest published report, analyzed 2026-10-08. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full IFF analysis?

The full latest published report, analyzed 2026-10-08, lives at /stocks/IFF/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for IFF?

The latest published report analyzed 2026-10-08 gives IFF a fair value of USD 43 and a potential value of USD 66. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the IFF page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-08). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellIFF · Fair value $43.0-49.2%

Read full analysis →

Category	Score	Reading
Valuation	1.5
Management	7.5
Balance Sheet	7.5
Profitability	3.5
Revenue Growth	4.5
Risk Assessment	7.0
Competitive Moat	7.0
Earnings Quality	1.5
Capital Efficiency	2.5

International Flavors & Fragrances Inc. (IFF)

Our latest published analysis: IFF rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · IFF

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All IFF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on IFF

Frequently asked questions

评级历史