# International Flavors & Fragrances Inc. (IFF) — Stock CV

International Flavors & Fragrances Inc. is a $21.6B materials company. Revenue shrank 19.1% over the last year, it keeps 3¢ of every dollar of sales as profit, and its net debt equals ~10.0 years of free cash flow. It trades at 74.4× earnings — around the middle of its own history.

> International Flavors & Fragrances is the largest specialty ingredients producer globally. It sells ingredients for the food, beverage, health, household goods, personal care, and pharmaceutical industries.

## Identity

- **Ticker**: IFF
- **Sector**: Basic Materials
- **Industry**: Industrial Organic Chemicals
- **Headquarters**: NEW YORK, NY
- **Employees**: 21 500
- **Website**: https://www.iff.com
- **Market cap**: $21.6B
- **Last price**: $84.55
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $9.14B
- **Net income**: $264M
- **Free cash flow**: $540M
- **Net debt**: $5.40B
- **P/E**: 74.4
- **Revenue growth (YoY)**: -19.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 49 |
| Growth | 25 |
| Profitability | 16 |
| Health | 37 |
| Quality | 77 |
| Moat | 31 |

## Qualifications (beginner checklist) — 5 of 11 passed

- [ ] Revenue growing — -19.1% YoY
- [x] Profitable — $264M TTM
- [ ] Profit growing — -248.6% YoY
- [x] Generates cash — $540M TTM
- [ ] Debt under control — ~10.0y of cash flow to repay
- [x] Established company — $21.6B market cap
- [ ] Not printing shares — +12.6% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — health score 35/100
- [x] Pays a dividend — yield 1.90%
- [ ] Valuation not extreme — P/E 74.4

## Experience (career milestones)

- **Q2 2026** — 2 open-market insider purchases: ~274K shares bought by insiders
- **FY2021** — Revenue crossed $10B: $11.7B for the year
- **FY2019** — Best year on record: $456M net income
- **FY2016** — First recorded profitable year: $405M net income
- **FY2016** — Revenue already above $1B: $3.12B in first reported year

## Strengths

- None stand out in the data.

## Watch-outs

- Revenue shrinking 19.1% year over year
- Thin interest coverage (-0.4×)
- Loss-making in 3 of the recent years
- Net debt equals ~10.0 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $11.7B | $270M | $1.04B |
| FY2022 | $12.4B | -$1.87B | -$107M |
| FY2023 | $11.5B | -$2.57B | $936M |
| FY2024 | $11.5B | $243M | $607M |
| FY2025 | $10.9B | -$361M | $256M |

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Source: https://stockcv.com/IFF — derived from company filings; may be delayed or incomplete. Information, not investment advice.