IFF International Flavors & Fragrances
too hard · 23
Owner-earnings value$30.16
Price$91.03
Margin of safety
-66.9%
Quality gate · 23/100
⚠ sub-hurdle returns (median roic -2% < 9%) · over-levered (net debt/EBITDA 4.1x > 4x) · unprofitable in too many years
Median ROIC-2.1%
Gross margin37.5%
Net debt / EBITDA4.1x
Share count / yr+0.1%
Profitable years1/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 536.00M |
| Owner-earnings yield | 2.3% |
| Free-cash-flow yield | 2.3% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.3% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 536.00M | 0.0% | 490.29M |
| 2 | 537.79M | 0.3% | 449.98M |
| 3 | 541.37M | 0.7% | 414.36M |
| 4 | 546.79M | 1.0% | 382.81M |
| 5 | 554.08M | 1.3% | 354.84M |
| 6 | 563.31M | 1.7% | 329.99M |
| 7 | 574.58M | 2.0% | 307.89M |
| 8 | 587.98M | 2.3% | 288.21M |
| 9 | 603.66M | 2.7% | 270.66M |
| 10 | 621.77M | 3.0% | 255.01M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.