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DSM-Firmenich AG DSFIR

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Stock XAMS Rating as of
€92.92 −0.56 (0.60%)
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As of Delayed Price Closed

Company Report

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Divestment of DSM's Animal Health Business Will Establish a Strong Underlying Business

Diana Radu, Svetlana Menshchikova

DSM-Firmenich is one of the largest consumer chemical companies in the world. 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.

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Price vs Fair Value

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DSFIR is trading at a LOCK|>hp^@>W premium.
Price
€93.48
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

The combination of DSM and Firmenich provides a compelling proposition for large multinational customers, with the company able to provide a wide range of specialized ingredients and solutions across nutrition as well as flavor and fragrance.

Bears

The limited overlap between DSM's and Firmenich's businesses will make it difficult for management to achieve all the planned revenue synergies.

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Trading Information

Previous Close Price
€93.48
Day Range
€92.56–94.32
52-Week Range
€55.22–96.74
Bid/Ask
€92.20 / €94.40
Shares Outstanding
245.95M
Market Cap
€22.85B
Volume/Avg
622,690 / 805,959

Key Statistics

Price/Earnings (Normalized)
11.94
Price/Sales
3.29
Dividend Yield (Trailing)
2.67%
Dividend Yield (Forward)
2.67%
Dividend Payment Schedule
May
Total Yield
7.26%

Company Profile

DSM-Firmenich is a global science-based company formed in 2023 through the merger of DSM, a Dutch nutrition, health, and sustainable living player, and Switzerland-based Firmenich, the third-largest player in the flavor and fragrance market. The company serves a wide range of end-consumer markets providing nutrition solutions ranging from medical and early-life nutrition, fragrances for personal-, home-, and laundry-care brands, prestige perfumes, and other ingredients for food and beverage, home, and personal care. DSM-Firmenich has nearly 30,000 employees, with more than 2,000 scientists and engineers spread across 15 research and development facilities.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Large Core
Total Number of Employees
26,983
Website
https://www.dsm-firmenich.com

Competitors

Valuation

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Metric
DSFIR
IFF
SY1
Price/Earnings (Normalized)
 11.9422.0425.04
Price/Book Value
 1.301.583.30
Price/Sales
 3.292.422.54
Price/Cash Flow
 16.9717.0615.39
Price/Earnings
DSFIR
IFF
SY1

Financial Strength

Metric
DSFIR
IFF
SY1
Quick Ratio
 0.820.541.77
Current Ratio
 1.752.062.98
Interest Coverage
 —2.775.19
Quick Ratio
DSFIR
IFF
SY1

Profitability

Metric
DSFIR
IFF
SY1
Return on Assets (Normalized)
 —1.85%4.54%
Return on Equity (Normalized)
 —3.34%9.45%
Return on Invested Capital (Normalized)
 —2.95%6.36%
Return on Assets
DSFIR
IFF
SY1

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