Reading the tape
NYSE: IFF
International Flavors & Fragrances Inc.
Basic Materials · Chemicals - Specialty
Market Cap
$18.13B
52w High
$84.45
52w Low
$59.14
P/E
-52.22
Volume
448.79K
Outstanding Shares
255.44M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -11.35%Revenue (TTM): -5.17%FCF (TTM): -57.48%P/FCF: 94th pct
What changed
The stock fell 11.35% over the last year. Revenue declined 5.17% over the trailing twelve months. Operating margin moved from 6.67% to -2.88%. Free cash flow declined 57.48% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -2.88%. A decisive move in revenue — currently down 5.17% — would be the clearest signal to resolve the ambiguity.
Company profile
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America.
CEOJon Erik Fyrwald
SectorBasic Materials
IndustryChemicals - Specialty
Employees22,400
IPO dateDec 17, 1974
Valuation
Forward P/E—
EV/EBITDA29.93
Enterprise value$23.31B
Stock splits
Jan 20, 1994↑ Forward
Every 1 shares became 3
Dec 17, 1974↑ Forward
Every 50 shares became 51
Profitability & growth
Revenue growth-6.57%
Gross margin34.93%▼13.83%vs FY2024
Operating margin-2.88%▲37.67%vs FY2024
ROE-2.64%▼250.89%vs FY2024
Analyst consensus
RatingBuy
Target price$87.75▲23.62%
24
Buy
8
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $1.08 · Revenue est $2.64B
View
Dividends
$1.60/shareQuarterlyStretchedIFF pays a dividend with a 2.25% declared yield, covered 0.6× by free cash flow.
Declared Yield
2.25%
Annual Div / Share
$1.60
5yr CAGR
-12.28%
Dividend has been cut
Payout Ratio
—
Stretched
Dividend Growth Rate
3yr CAGR
-20.96%
5yr CAGR
-12.28%
10yr CAGR
-3.31%
Dividend Safety
2/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.60+0.0%
2025$1.60-33.9%
2024$2.42-25.3%
2023$3.24+2.5%
2022$3.16+2.6%
2021$3.08+2.7%
2020$3.00+2.7%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$23/yr
$2/mo
In 5 yrs
$23/yr
$2/mo
In 10 yrs
$23/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$23/yr $2/mo | $23/yr $2/mo | $23/yr $2/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.63× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -12.28% is negative, indicating the payout has been cut over this period.