- Symrise predicts a 2024 Ebitda margin of around 20%, with an estimated 20.3%.
- The 2023 year results show a dividend per share of EU1.10, just above the estimate of EU1.09.
- The Ebitda for 2023 reached EU851.7 million, falling short of the estimate of EU900.6 million.
- The Ebitda margin was 18%, lower than the estimated 19.2%.
- The sectors of Taste, Nutrition and Health had an Ebitda margin of 21.1%, matching the estimate.
- The Scent and Care sector had an Ebitda margin of 12.7%, lower than the estimated 15.5%.
- Sales reached EU4.73 billion, aligning with the estimate.
- Taste, Nutrition & Health sales were at EU2.98 billion, matching the estimate.
- Scent & Care sales were at EU1.75 billion, as estimated.
- Organic sales saw a 7.9% increase, surpassing the estimate of 7.24%.
- Taste, Nutrition & Health organic sales rose by 9.3%, higher than the estimated 8.09%.
- Scent & Care organic sales increased by 5.6%, beating the estimate of 4.79%.
- Net income was EU340 million, lower than the estimated EU357.7 million.
- Symrise reaffirms its long-term growth and profitability goals for 2024, with an expected growth of 5% to 7%.
- In the medium term, Symrise aims to maintain an EBITDA margin between 20% and 23%.
- The Business Free Cashflow is planned to be around 12% of sales, with a midterm goal of reaching 14%.
- The company’s performance has resulted in 13 buys, 11 holds, and 2 sells.
A look at Symrise AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, Symrise AG, a diversified chemical manufacturer, has a positive long-term outlook. The company scores a 2 out of 5 for Value, indicating that it may be undervalued compared to its peers. Additionally, Symrise AG scores a 2 out of 5 for Dividend, indicating that it may not have a strong history of paying dividends.
The company’s outlook for Growth and Resilience is slightly better, scoring a 3 out of 5 for both factors. This suggests that Symrise AG may have moderate potential for growth and may be able to withstand market fluctuations. However, the company’s Momentum score of 4 out of 5 is the highest among all the factors, indicating that it has strong momentum and may be performing well in the market.
Based on the company’s description, Symrise AG serves a wide range of industries, including fragrance, cosmetics, food, and pharmaceuticals. This diversification may contribute to the company’s overall positive outlook. However, investors should carefully consider all factors before making any investment decisions regarding Symrise AG.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
