Last Updated: 12 Nov 2024
Executive Summary
International Flavors & Fragrances Inc. (IFF) is a leading global provider of flavors, fragrances, and cosmetic actives. The company has a strong financial position with a market capitalization of $23.32 billion and an EBITDA of $1.88 billion. IFF's trailing EPS is -$9.08, and its forward PE is 19.96. The company's stock price is currently trading at $91.21, below its 52-week high of $106.77.
Company Overview
IFF was founded in 1958 and is headquartered in New York City. The company operates in over 100 countries and has a workforce of over 12,000 employees. IFF's products are used in a wide range of consumer products, including food, beverages, personal care products, and household products.
Fundamental Analysis
IFF's financial performance has been mixed in recent years. The company's revenue has grown steadily, but its earnings have been volatile. In 2023, IFF reported a net loss of $1.2 billion, primarily due to a $1.3 billion impairment charge related to its Frutarom acquisition.
Despite its recent financial challenges, IFF remains a strong company with a solid balance sheet and a leading market position. The company's revenue is expected to continue to grow in the coming years, and its earnings are expected to improve as it integrates Frutarom.
Technical Analysis
IFF's stock price has been trending lower in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
IFF's stock price is likely to remain under pressure in the short term. The company is facing a number of challenges, including rising input costs, supply chain disruptions, and competition from larger rivals.
Long Term Outlook
IFF's long-term outlook is more positive. The company is a leader in a growing industry, and it has a strong balance sheet and a solid management team. IFF is well-positioned to benefit from the increasing demand for flavors, fragrances, and cosmetic actives.
Analyst Recommendations
Analysts are mixed on IFF's stock. Five analysts have a strong buy rating on the stock, five have a buy rating, 12 have a hold rating, and one has a strong sell rating. The average analyst target price is $104.86.
