Discounted Cash Flow
International Flavors & Fragrances Inc.
—
Sales growth has weakened: 6.7% (2022) → -7.7% (2023) → 0.0% (2024) → -5.2% (2025). Revenue growth has been decelerating or declining in recent years and is now -5.2% — a slowing company may not sustain the growth the DCF projects, so the valuation could be overstated.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $3.6b | $470.5m | $475.1m | 13.0% | $5.07 |
| 2017 | $3.9b (9.1%) | $343.4m (-27.0%) | $304.1m (-36.0%) | 8.7% (-33.1%) | $3.73 (-26.4%) |
| 2018 | $4.6b (17.0%) | $394.7m (14.9%) | $310.7m (2.2%) | 8.5% (-1.8%) | $3.81 (2.1%) |
| 2019 | $6.0b (29.2%) | $529.5m (34.2%) | $537.8m (73.1%) | 8.9% (3.8%) | $4.05 (6.3%) |
| 2020 | $5.9b (-1.1%) | $421.9m (-20.3%) | $606.7m (12.8%) | 7.1% (-19.4%) | $3.25 (-19.8%) |
| 2021 | $13.5b (129.3%) | $313.6m (-25.7%) | $1.2b (99.9%) | 2.3% (-67.6%) | $1.11 (-65.8%) |
| 2022 | $14.5b (6.7%) | $-2.2b (-793.0%) | $-124.3m (-110.2%) | -15.0% (-749.3%) | $-7.32 (-759.5%) |
| 2023 | $13.3b (-7.7%) | $-3.0b (-37.2%) | $1.1b (974.8%) | -22.4% (-48.7%) | $-10.05 (-37.3%) |
| 2024 | $13.3b (0.0%) | $282.3m (109.5%) | $705.1m (-35.1%) | 2.1% (109.5%) | $0.95 (109.5%) |
| 2025 | $12.6b (-5.2%) | $-419.3m (-248.6%) | $297.4m (-57.8%) | -3.3% (-256.7%) | $-1.41 (-248.4%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in EUR. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.