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Symrise AG (SY1) Fair Value & Analysis

Basic Materials · DE · Market cap €12.3B · ISIN DE000SYM9999

What is Symrise AG really worth?

SA Symrise AG SY1 · XETRA
Price€90.40
Fair Value€30.32
Upside−66.5%
Quality60/100

A solid business, but trading 198% above our fair value of €30.32.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +7.0 %/yr)
!Thin margins · 5.1% net margin
!Trails peers (5/15)
!Narrow moat 41/100
!Weak on past: 26 out of 100
!Weak on dividend: 28 out of 100

For context

·1.38% dividend yield
Evidence: High Range €22.74 – €37.90

Fair value as of: Sep 1, 2026

From 26 valuation models · updated 4 days ago

Share price −1.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€37.90). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

€123.90 €65.72 Fair Value €30.32 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range €65.72 – €123.90 · fair‑value band €22.74 – €37.90 · the €90.40 price screens above the €30.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Symrise AG (SY1) currently trades at €90.40, while our model-based Fair Value estimate is €30.32, implying the stock looks roughly 198.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of €52.76 per share, and 0 of the 26 models we run sit above the €90.40 price. Bear case: the Earnings-Based group reads lowest at €12.38, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Symrise AG generated revenue of €4.9B at a net margin of 5.1%. Revenue declined 2.4% year over year. It earns a return on equity of 6.5%. Net debt stands at €1.6B. Fundamentals as of Sep 1, 2026

Our scenario range runs from €22.74 (bear case) to €37.90 (bull case); at €90.40, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −66%, SY1 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.3587 per share, which is 1.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €35.17 €59.66 €97.38 78
Growth DCF €35.84 €57.38 €88.46 77
Residual Income €21.57 €22.69 €23.92 76
All 26 models by family
DCF Models
FCF DCF €35.17 €59.66 €97.38 78
Owner Earnings €21.25 €37.74 €63.16 74
5Y Revenue Exit €30.40 €52.68 €81.07 71
5Y EBITDA Exit €35.67 €62.61 €94.04 74
5Y P/E Exit €20.52 €34.07 €48.09 70
10Y Revenue Exit €30.58 €51.40 €79.37 66
10Y EBITDA Exit €35.09 €58.33 €89.33 67
10Y P/E Exit €25.41 €38.44 €54.03 64
Earnings-Based
Graham-Dodd €12.13 €39.03 €52.08 64
Lynch FV €8.66 €12.38 €16.09 61
PEG = 1.0 €8.66 €12.38 €16.09 57
EPV €24.14 €29.42 €34.03 74
Dividend Discount
Gordon GGM €11.02 €22.91 €36.34 66
DDM Multi-Stage €11.02 €18.50 €24.04 66
Multiples
P/E Multiple €22.74 €30.32 €37.90 63
P/S Multiple €22.74 €30.32 €37.90 58
P/B Multiple €22.74 €30.32 €37.90 55
EV/EBIT €38.25 €53.50 €68.76 66
EV/EBITDA €41.19 €57.43 €73.67 67
EV/Revenue €29.50 €45.37 €61.24 53
Asset-Based
NCAV (Graham) €13.31 €17.83 €26.61 54
Growth DCF
Growth DCF €35.84 €57.38 €88.46 77
Rev-Margin DCF €30.40 €52.76 €78.73 71
Economic Profit
Residual Income €21.57 €22.69 €23.92 76
ROIC Compounder €24.14 €31.22 €41.73 72
Growth Earnings
Growth-Adj P/E €19.52 €27.88 €36.25 67

Widest divergence: Growth DCF (€52.76) versus Earnings-Based (€12.38). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 50.8
P/S ratio 2.57 P/E × margin
EPS (TTM) €1.78 price ÷ EPS = P/E 50.8
Dividend yield 1.4% payout 70.2%
Net margin 5.1% FY2025
Return on equity 6.5% TTM
More key figures
Profitability
Return on assets (EBIT) 7.6% avg 5y
Operating margin 8.8% TTM
Growth
Revenue (TTM) €4.9B TTM
Revenue growth (YoY) −2.4% 3y avg +2.2%
EPS growth (YoY) +12.3%
Balance sheet & cash flow
Free cash flow €521M FY2025
Net debt €1.6B FY2025 · ≈ 3.1 yrs of FCF

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 71

Profitability 36
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Symrise AG operates as a supplier of fragrances, flavorings, cosmetic base materials and active ingredients, and functional ingredients and solutions in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates in two segments, Taste, Nutrition & Health; and Scent & Care.

Full company description

Symrise AG operates as a supplier of fragrances, flavorings, cosmetic base materials and active ingredients, and functional ingredients and solutions in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates in two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product solutions used in the production of food and beverages; savory flavors; sweets, chocolate, chewing gum, baked goods, cereals, ice cream, milk, yogurt and milk alternatives; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods. The Scent & Care segment develops, produces, and sells fragrance ingredients and compositions, aroma molecules, cosmetic ingredients, and mint flavors, as well as specific application processes for such substances. This segment's products are used by manufacturers of perfumes, personal care and cosmetic products, cleaning products, detergents, air fresheners, and oral care products. The company was founded in 1874 and is headquartered in Holzminden, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Symrise AG reported revenue of €4.9B in FY2025 versus €3.8B in FY2021, a compound +6.5%/yr. Reported net income was €249M in FY2025, compounding −9.7%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€4.9B
Latest YoY
−1.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.0%
Avg. revenue growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−2.7% (−4.1 + 1.4)
Revenue +6.5%/yr
FY21 €3.8B
FY22 €4.6B
FY23 €4.7B
FY24 €5.0B
FY25 €4.9B
Net income −9.7%/yr
FY21 €375M
FY22 €280M
FY23 €340M
FY24 €478M
FY25 €249M
Character of growth · EPS growth decomposed (2014-2025) +4.1 % p.a.
Revenue per share +6.5 %

of which total revenue +7.5 % · buybacks/dilution −1.0 %

EBIT margin −1.3 %
Tax rate −0.1 %
Residual (interest, one-offs) −0.9 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

SY1 screens 198% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Symrise AG Fair Value". https://www.fairvalue-calculator.com/stock/SY1

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth −2% · Below median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 50.8× · Pricier than 75% of peers
P/B 3.84× · Pricier than 75% of peers
P/S (TTM) 2.90× · Pricier than median
P/FCF 27.4× · Pricier than 75% of peers
EV/EBITDA 20.8× · Pricier than 75% of peers
PEG 3.29× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 20
PAST26 · sector 23
HEALTH72 · sector 95
DIVIDEND28 · sector 28

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Symrise AG (SY1) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of €30.32 versus a price of €90.40, about −66% upside (overvalued).
What is the fair value of SY1?
Our model-based fair value for Symrise AG is €30.32 (as of Sep 1, 2026), built from audited fundamentals. The current price: €90.40.
What is the quality score of SY1?
Symrise AG has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Symrise AG (SY1)?
Symrise AG reported trailing-twelve-month revenue of about €4.9B (latest available figure, as of Sep 1, 2026).
What is the net profit margin of SY1?
The net profit margin of Symrise AG is about 5.1%, meaning it keeps roughly 5.1% of revenue as net income. Based on the latest reported figures.
Does Symrise AG pay a dividend?
Symrise AG currently shows a dividend yield of about 1.38% relative to its recent price (as of Sep 1, 2026).
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