Symrise AG
🇩🇪 SY1.XETRA · Frankfurt · DE000SYM9999
Materials
EUR 74.30 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
41.7
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 74.30 ÷ 1.78 = 41.7
TTM period through: 2025-12-31
Forward P/E (estimated): 18.1
Based on analyst estimates
Reference: Provider P/E (Trailing): 41.7
Yield (Fwd)
1.68%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Trailing Yield (TTM): 1.68%
Net Debt/EBITDA (TTM)
1.8x
Latest quarter: 4.7x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2025-12-31
Latest quarter (2025-12-31): 4.7x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
Payout (Fwd)
70.2%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (TTM): 67.3%
Cash Flow Payout (TTM): 23.4%
FCF Coverage (TTM): 3.11x
ROE
6.5%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
15.4x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Summary
Symrise AG operates as a high-quality global leader in the consolidated flavors and fragrances oligopoly, benefiting from highly defensive and recurring revenue streams. While recent one-time non-cash impairment charges temporarily distorted trailing earnings metrics, the underlying operational cash flows remain exceptionally strong and securely cover the dividend. Existing shareholders should maintain positions given the company's resilient fundamentals, but new investors may want to wait for an entry point that provides a higher yield and more attractive valuation.
Sector Context
Symrise AG is a leading global supplier of flavors, fragrances, cosmetic active ingredients, and nutritional solutions, serving the food, beverage, pet food, and personal care industries. Although technically classified within the Materials sector, the company exhibits strong consumer staples characteristics due to its highly defensive end-markets, significant barriers to entry, and essential role in clients' supply chains.
Temporary Opportunity Identified
A €295 million non-cash impairment charge related to the sale of its terpenes business and an investment in Swedencare resulted in a net loss in Q4 2025, temporarily distorting trailing earnings and inflating TTM P/E multiples.
📊 Strategy Analysis
- • High-quality business model operating in a consolidated oligopoly, supplying essential ingredients with strong pricing power and defensive revenue streams.
- • Exceptional dividend safety supported by a low cash flow payout ratio of 23.37% and free cash flow covering the dividend over three times.
- • Healthy balance sheet with Net Debt/EBITDA of 1.77x, comfortably below the strategy's 3.0x risk threshold.
- • Underlying operational metrics remain robust, with improving EBITDA margins offsetting the temporary distortion from recent non-cash impairment charges.
⚠ What to Watch
- • The current dividend yield of 1.68% falls significantly below the strategy's optimal 3.0% minimum threshold for income generation.
- • Valuation remains elevated with a forward P/E of 18.05x, offering a limited margin of safety for value-focused investors.
- • Persistently high oil prices above $100 per barrel and escalating geopolitical tensions could exert near-term inflationary pressure on raw material inputs.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-04-05
Disclaimer: This information is for educational purposes only. Not financial advice.