International Flavors & Fragrances Inc (IFF)
Materials · Specialty Chemicals · US stock · S&P 500 component
$90.68
▲ +0.39 (0.43%)
Fair valueData under review
$11
$6fair band $7–$15$17
Day's range
$89.73 – $91.88
52-week range
$59.97 – $91.88
About International Flavors & Fragrances Inc
Ingredients for foods, drinks, household goods and personal care products are what International Flavors and Fragrances develops and manufactures. Its work covers flavours and taste solutions, fragrance and scent ingredients, food ingredients such as texturants and proteins, and health and biosciences products including enzymes and probiotics. Customers are consumer goods and food and beverage manufacturers, which use its ingredients in their own branded products.
Revenue of $10.0 billion over the last twelve months comes from creating ingredients and compounds to customer specifications and supplying them in volume. Revenue has changed at -4.3% a year across the last three years. The operating margin is 7.6%, the business earns 3% on the capital invested in it, and net debt is 3.3 times EBITDA. The dividend yield is 1.8%. On the site's X-Ray Score it receives 23 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $59.97 – $91.88Volume 2,247,700Daily, split-adjusted
Vitals
Market cap$23.3B
52-week range$59.97 – $91.88
Volume (last day)2,247,700
P/E (TTM)79.7
EBIT / EV yield2.6%
Free-cash-flow yield2.3%
Dividend yield1.8%
Revenue (TTM)$10.0B
Net income (TTM)$292M
Operating margin7.6%
Return on capital3.0%
Debt incl. leases$6.2B
Cash & securities$569M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$11model spread $11 – $11
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak
Price $91
Undervalued < $7Fair $7 – $15Overvalued > $15
10-year DCF (market-scaled)
$-36
Peer multiples
$12
Earnings power floor (not blended)
$-21
Fundamentals-adjusted multiple
$10
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Materials peers. Open a lens to see the numbers behind it.
Valuation
Weak
14/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.6%
Free-cash-flow yield2.3%
Fair value vs price0.1×
Growth
Weak
15/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-4.3%
Growth consistency30%
Profitability
Weak
30/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital3.0%
Operating margin7.6%
Gross profitability14.9%
Financial health
Weak
35/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA3.3×
Interest cover4.0×
Dividends
Weak
22/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.8%
Dividends vs free cash flow76%
Dividend growth-20.4%
Quarterly results: last 6 quarters
-1.9%
Mar '25
-33.6%
Jun '25
-7.9%
Sep '25
-6.6%
Dec '25
-3.6%
Mar '26
+1.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.0B, diluted EPS $0.20.
Compare with peers
PPG Ppg Industries Inc66 SHW Sherwin Williams Co57 ECL Ecolab Inc.50 ALB Albemarle Corp41Other Specialty Chemicals companies by X-Ray Score.
Fundamentals checklist
● 0 Good · ● 4 Average · ● 10 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 27/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $11.7B | $12.4B | $11.5B | $11.5B | $10.9B |
| Operating income | $585M | −$1.3B | −$2.1B | $766M | −$382M |
| Net income | $279M | −$1.9B | −$2.6B | $267M | −$359M |
| Operating cash flow | $1.4B | $397M | $1.5B | $1.1B | $850M |
| Operating margin | 5.0% | -10.7% | -18.4% | 6.7% | -3.5% |
| Free cash flow | $1.0B | −$107M | $952M | $607M | $256M |
| Diluted EPS | $1.10 | $-7.32 | $-10.14 | $1.04 | $-1.41 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 86.42 | Bullish |
| EMA 10 | 87.40 | Bullish |
| SMA 20 | 85.54 | Bullish |
| EMA 20 | 86.13 | Bullish |
| SMA 50 | 84.91 | Bullish |
| EMA 50 | 84.28 | Bullish |
| SMA 100 | 80.94 | Bullish |
| EMA 100 | 81.54 | Bullish |
| SMA 200 | 76.69 | Bullish |
| EMA 200 | 78.05 | Bullish |
Oscillators (daily)
| RSI (14) | 73.73 | Bearish |
| MACD (12, 26) | 1.32 | Bullish |
| Momentum (12) | 8.62 | Bullish |
| Stochastic %K (14) | 88.39 | Bearish |
| Williams %R (14) | -11.61 | Bearish |
| CCI (20) | 208.0 | Bearish |
Pivot points (classic, last session)
S3 87.50 | S2 88.61 | S1 89.65 | Pivot 90.76 | R1 91.80 | R2 92.91 | R3 93.95 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.60 USD
Yield on today's price
1.76%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 18 Sep 2026 | 0.4000 |
| 18 Jun 2026 | 0.4000 |
| 20 Mar 2026 | 0.4000 |
| 19 Dec 2025 | 0.4000 |
| 29 Sep 2025 | 0.4000 |
| 20 Jun 2025 | 0.4000 |
| 21 Mar 2025 | 0.4000 |
| 20 Dec 2024 | 0.4000 |
| 20 Sep 2024 | 0.4000 |
| 21 Jun 2024 | 0.4000 |
| 21 Mar 2024 | 0.4000 |
| 27 Dec 2023 | 0.8100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
IFF SEC filings
4 Aug 2026
8-KSEC EDGAR
Regulation FD disclosure
4 Aug 2026
10-QSEC EDGAR
Quarterly report
4 Aug 2026
8-KSEC EDGAR
Results of operations; Other events
23 Jun 2026
8-KSEC EDGAR
Entered a material agreement
1 Jun 2026
8-KSEC EDGAR
Entered a material agreement; Other events
5 May 2026
10-QSEC EDGAR
Quarterly report
5 May 2026
8-KSEC EDGAR
Results of operations
4 May 2026
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.