DSM Firmenich AG
DSFIR: XAMS (NLD)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €319.00 | Jwyb | Qpkdtqjl |
DSM-Firmenich Has a Wide Moat Through Leading Positions Across Food, Flavor, Fragrance, and Health
Business Strategy and Outlook
DSM-Firmenich is one of the largest consumer chemical companies in the world. Following the merger of Firmenich and DSM, a majority of revenue is derived from segments that benefit from leading market positions across increasingly consolidated industries, such as flavor and fragrance, and the broader food ingredients market. This has earned the company a wide moat, stemming from intangible assets and switching costs.