One-glance verdict
Within fair range
$107.38 our estimate vs market $100.23
7% below our estimate
Fundamentals snapshot
Symrise AG
SYIEF · PNK · Basic Materials · Specialty Chemicals
Current price
$100.23
52-week range
$76.31 - $111.29
Market cap
$13.75B
Balance sheet
Watch
7.84x Adequate
Net debt $2.09B. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
1 Risk
3 rewards · 1 risks
- Reward Returns 6.7% on equity, ahead of 33% of its peers.
- Reward Free cash flow was positive in 4/10 years.
- Reward Dividend yield is 1.5% with 13-year payout history.
- Risk Stock trades 5.7% above its 5-year average P/E.
What this company does
Symrise AG
Symrise creates the hidden ingredients, like flavors and scents, that big brands use in everyday products from pet food and yogurt to perfume and laundry detergent. It makes money by selling these essential components to thousands of different consumer goods companies all over the world. This creates steady business because people constantly buy food and personal care items, and it means Symrise doesn't depend too heavily on the success of any single customer.
How the company got here
Symrise was formed in 2003 through the merger of two German companies, Haarmann & Reimer and Dragoco, whose roots trace back to 1874. A key moment in its early history was the first-ever synthesis of vanillin (the primary component of vanilla flavor) from a more accessible natural source, making the popular flavor affordable for many. After becoming a public company in 2006, Symrise grew by acquiring other companies, such as the Diana Group in 2014, which expanded its expertise in natural ingredients and pet food solutions. This history of combining chemical expertise with a focus on natural raw materials has made it a leading global supplier in its field.
What it actually does
You likely interact with Symrise's products 20-30 times a day without realizing it. The company creates the flavors, scents, and cosmetic ingredients that other manufacturers use in their own products. Think of the minty taste in your toothpaste, the specific scent of your perfume, the savory flavor in a snack, or even ingredients in your pet's food that make it taste better. Symrise develops and sells these essential building blocks to over 6,000 customers who make the final consumer goods you see on store shelves.
Taste, Nutrition & Health
This is the company's largest business segment, focused on creating things we can taste and that offer health benefits. It provides a huge variety of flavors for foods and drinks, from savory items and snacks to sweets and dairy products. This division also produces natural ingredients for baby food, nutritional supplements with probiotics (live bacteria that can have health benefits), and product solutions for pet food manufacturers. Customers are food and beverage companies of all sizes who pay Symrise to make their products taste appealing and, in some cases, healthier.
Scent & Care
This part of the business creates the scents and cosmetic ingredients that are part of many daily routines. Its perfumers develop and produce fragrance oils used in fine perfumes, personal care products like soaps and lotions, and household items like detergents and air fresheners. Beyond scents, this segment also makes cosmetic ingredients that provide benefits like sun protection or other skin-enhancing properties. The customers are manufacturers of cosmetics, cleaning supplies, and oral care products who rely on these ingredients to create their signature smells and functional formulas.
What management is betting on now
Symrise's strategy focuses heavily on sustainability, aiming to grow its sales while reducing its environmental impact. A key part of this is 'backward integration' (controlling the supply of raw materials), ensuring their 10,000 raw materials, which are mostly natural, are sourced responsibly. The company is also betting on innovation in high-value areas like natural and functional ingredients that offer health and wellness benefits, as consumers are increasingly demanding these. By focusing on these trends and expanding in emerging markets, management aims to grow faster than its competitors.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value $107.38 vs current price $100.23
Our most-likely fair value is $107.38 a share — about 7.1% away from today's price of $100.23, so the stock currently looks fairly priced.
Is it drowning in debt?
Watch
Net debt $2.1B. Interest coverage 7.8x.
Net debt
$2.09B
Interest coverage
7.84x
Symrise AG's profit covers its interest bill about 7.8 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
SYIEF
BASELINE
Symrise AG
Total debt $2.61B Interest coverage 7.84x This is the baseline the peer rows are being compared against.
Total debt $6.28B Interest coverage 3.68x -53% vs SYIEF Carries about 2.1x less debt cushion than SYIEF.
Total debt $5.99B Interest coverage 12.17x +55% vs SYIEF Carries about 1.6x more debt cushion than SYIEF.
Total debt $763.90M Interest coverage 7.00x -11% vs SYIEF Has roughly the same debt cushion as SYIEF.
Total debt $1.48B Interest coverage 1.44x -82% vs SYIEF Carries about 5.4x less debt cushion than SYIEF.
Total debt $166.72M Interest coverage 20.48x +161% vs SYIEF Carries about 2.6x more debt cushion than SYIEF.
What you should know
The case for and against SYIEF
3 Rewards
1 Risk
Rewards
-
Returns 6.7% on equity, ahead of 33% of its peers.
-
Free cash flow was positive in 4/10 years.
-
Dividend yield is 1.5% with 13-year payout history.
Risks
-
Stock trades 5.7% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
49.37x
Forward P/E
—
P/B
3.19x
P/S
2.80x
EV/EBITDA
21.51x
PEG ratio
2.99x
Profitability
How much profit each dollar creates
Gross margin
37.6%
Operating margin
15.8%
Net margin
5.0%
ROE
6.7%
ROA
5.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.61x
Current ratio
2.98x
Quick ratio
1.63x
Total debt
$2.61B
Total cash
$517.05M
Growth
How the business has been compounding
Revenue TTM
$5.63B
Revenue 5Y CAGR
2.2%
EPS TTM
2.03
EPS 5Y CAGR
8.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$885.25M
Free CF TTM
$642.97M
FCF margin
11.4%
Dividend
Shareholder payout
Yield
1.5%
Payout ratio
70.6%
Last ex-div date
2026-05-07