International Flavors & Fragrances
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
32.5528.8312.6911.91
Price/Sales ratio
1.461.431.401.36
Earnings per Share (EPS)
$2.02$2.28$5.18$5.52

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.7823.3823.1740.8134.8531.6833.44136.59-14.56-8.04-9.3331.68
Price/Sales ratio
2.653.183.013.552.952.812.403.142.141.791.892.81
Price/Book Value ratio
5.386.055.757.141.942.321.931.731.501.411.462.32
Price/Cash Flow ratio
15.8222.1917.5230.8826.9120.6617.0925.4777.4914.3416.0820.66
Price/Free Cash Flow ratio
21.8628.9422.9446.0944.6431.6123.3735.19-166.0522.0523.3831.61
Price/Earnings Growth ratio
1.1111.90-10.02-1.5410.836.42-1.71-2.060.01-0.20-2.026.42
Dividend Yield
1.62%1.65%1.97%1.70%1.95%2.17%2.64%1.82%3.02%4.00%1.89%2.17%
Profitability Indicator Ratios
Gross Profit Margin
44.10%44.70%44.89%43.51%42.30%41.10%41.02%32.04%33.36%32.06%32.26%41.10%
Operating Profit Margin
19.17%19.11%18.20%17.10%14.67%12.94%11.14%5.01%8.76%-18.38%-14.80%12.94%
Pretax Profit Margin
17.77%17.48%16.80%15.80%11.25%10.84%8.68%3.03%-13.06%-21.93%-19.70%10.84%
Net Profit Margin
13.42%13.61%12.99%8.69%8.48%8.86%7.17%2.29%-14.75%-22.34%-20.33%8.86%
Effective Tax Rate
24.49%22.11%22.66%44.94%24.11%17.43%16.76%21.18%-12.98%-1.78%-3.02%17.43%
Return on Assets
11.86%11.08%10.08%6.42%2.61%3.43%2.69%0.67%-5.18%-8.28%-7.75%3.43%
Return On Equity
27.22%25.91%24.83%17.50%5.58%7.33%5.77%1.26%-10.35%-17.55%-16.02%7.33%
Return on Capital Employed
19.90%19.44%18.19%15.18%4.96%5.66%4.86%1.62%3.44%-7.75%-6.32%5.66%
Liquidity Ratios
Current Ratio
3.291.961.792.462.601.891.60N/AN/AN/A2.612.60
Quick Ratio
2.191.151.131.621.651.171.011.231.141.011.931.65
Cash ratio
0.920.240.360.470.570.390.340.190.130.180.170.39
Days of Sales Outstanding
58.3564.9464.4971.2786.0572.7180.5369.3653.3466.4861.8672.71
Days of Inventory outstanding
120.24129.41125.83123.48171.54135.40137.78115.93138.75115.94103.84135.40
Operating Cycle
178.59194.36190.32194.75257.59208.12218.31185.29192.09182.42165.70208.12
Days of Payables Outstanding
48.5962.3458.4164.3074.9761.5367.6470.5962.4464.4957.1561.53
Cash Conversion Cycle
129.99132.02131.91130.45182.62146.58150.67114.70129.65117.92108.54146.58
Debt Ratios
Debt Ratio
0.260.280.320.350.350.320.320.280.300.320.300.32
Debt Equity Ratio
0.610.670.810.970.750.700.690.530.610.680.610.70
Long-term Debt to Capitalization
0.380.370.390.490.420.390.370.330.360.380.360.39
Total Debt to Capitalization
0.380.400.440.490.420.410.410.350.380.400.380.41
Interest Coverage Ratio
12.8812.9310.479.194.435.044.45N/AN/AN/A-6.055.04
Cash Flow to Debt Ratio
0.550.400.400.230.090.150.160.120.030.140.140.09
Company Equity Multiplier
2.292.332.462.722.132.132.141.871.992.122.022.13
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.160.140.170.110.100.130.140.120.020.120.110.10
Free Cash Flow / Operating Cash Flow Ratio
0.720.760.760.660.600.650.730.72-0.460.650.680.60
Cash Flow Coverage Ratio
0.550.400.400.230.090.150.160.120.030.140.140.09
Short Term Coverage Ratio
64.073.272.0756.098.971.811.122.270.571.622.872.87
Dividend Payout Ratio
32.14%38.59%45.65%69.71%68.25%68.77%88.37%248.88%-44.11%-32.20%-26.62%68.77%