International Flavors & Fragrances Inc. (IFF)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach IFF as a potential quality franchise whose recent numbers demand skepticism. It sells flavors, fragrances, food ingredients and health/bioscience products—areas where formulation know-how and customer relationships can create switching costs, so a moat is plausible. But the record is uneven. In fiscal 2023, the year ended 2023-12-31, revenue was $11.5B, net income was -$2.6B, and diluted EPS was -$10.14. In fiscal 2024, revenue was $11.5B, net income $267.0M, EPS $1.04. In fiscal 2025, revenue was $10.9B, net income -$359.0M, EPS -$1.41. That is not steady compounding. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue $2.0B, net income $50.0M, EPS $0.20; fiscal Q1 2026 had revenue $2.7B, net income $169.0M, EPS $0.66. So there are profits, but margins and consistency are thin. At the 2026-10-26 close of $93.69, FairStock shows a negative P/E of -30.32, P/B 1.71, EV/EBITDA 19.98, FCF yield 2.2%, ROE -5.55%, ROCE 2.27%, and debt/equity 0.45. The balance sheet is not stretched, and TTM FCF of $536M is positive, but a 2.2% FCF yield and Altman Z-score of 1.43 leave little margin of safety. Piotroski 6/9 is middling. FairStock's Lynch category is TURNAROUND—loss in latest year after earlier profits—which fits. I would want evidence of durable margin recovery before calling this cheap; the 52-week price near the high already asks for improvement.

In plain English: International Flavors & Fragrances makes flavors, fragrances, food ingredients, and health and bioscience products used in foods, drinks, and household items. Its profits have been uneven, including a loss in fiscal 2025, and the latest quarter showed only a small profit. At the recent price of $93.69, the stock looks fair to expensive for its current profits and cash generation.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer