IFF|INTERNATIONAL FLAVORS & FRAGRANCES INC
Industrial Organic Chemicals
- Revenue
- $10.9B
- ▼ 5.2% YoY
- Operating margin
- -3.5%
- ▼ 153% YoY
- EBITDA
- $580M
- ▼ 67% YoY
- Market cap
- $23.7B
- Employees
- 3,000
- $4M revenue each
- Net debt / EBITDA
- 9.4×
- $5.4B net debt
- AI in 10-K
- 2.3
- mentions per 10K words
TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
250% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
53% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
32% of assets
Over 40% of assets
Shareholder dissentNo
87% lowest support
Any vote under 80% support
Buyer economics 0 of 4
Low revenue per employeeNo
$4M · 96th pct
Bottom quartile of its SIC industry
Quiet on AINo
2.3 per 10K words · 60th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
9.4× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$23.7B market cap
Market cap $500M–$5B
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | Trend |
|---|
| Revenue | $11.7B | $12.4B | $11.5B | $11.5B | $10.9B | ▼ 5.2% | |
|---|
| Operating income | $585M | −$1.3B | −$2.1B | $766M | −$382M | ▼ 150% | |
|---|
| Operating cash flow | $1.4B | $397M | $1.5B | $1.1B | $850M | ▼ 21% | |
|---|
| Capex | $393M | $504M | $503M | $463M | $594M | ▲ 28% | |
|---|
| Stock-based comp | $54M | $49M | $65M | $77M | $88M | ▲ 14% | |
|---|
| Buybacks | — | — | $0 | $0 | $38M | | |
|---|
| Dividends | $667M | $810M | $826M | $514M | $409M | ▼ 20% | |
|---|
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|
| Feb 4, 2022 | Winder Investment Pte Ltd | SC 13D/A | 29.7% | Passive |
| Apr 16, 2020 | Winder Investment Pte Ltd | SC 13D/A | 23.3% | Passive |
| Mar 26, 2020 | Winder Investment Pte Ltd | SC 13D/A | 23.1% | Passive |
| Mar 12, 2020 | Winder Investment Pte Ltd | SC 13D/A | 22.1% | Passive |
| Feb 27, 2020 | Winder Investment Pte Ltd | SC 13D/A | 21.0% | Passive |
| Jan 8, 2020 | Winder Investment Pte Ltd | SC 13D | 20.0% | Passive |
Insider trading
- Open-market buys, 12 mo
- $32M · 9
- Open-market sells, 12 mo
- $1M · 6
- Net
- $31M
Pay vs performance
No pay-versus-performance disclosure yet.