Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Symrise AG (SY1.DE)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$207.55 - $721.72$676.36
Multi-Stage$92.78 - $101.52$97.07
Blended Fair Value$386.71
Current Price$89.14
Upside333.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.75%6.18%1.101.051.020.940.920.870.820.810.770.72
YoY Growth--4.76%2.94%8.53%2.11%5.56%6.70%0.71%4.91%7.35%19.30%
Dividend Yield--1.15%0.96%1.02%0.86%0.89%1.03%1.01%1.24%1.24%1.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)506.90
(-) Cash Dividends Paid (M)167.73
(=) Cash Retained (M)339.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)101.3863.3638.02
Cash Retained (M)339.18339.18339.18
(-) Cash Required (M)-101.38-63.36-38.02
(=) Excess Retained (M)237.80275.81301.16
(/) Shares Outstanding (M)139.68139.68139.68
(=) Excess Retained per Share1.701.972.16
LTM Dividend per Share1.201.201.20
(+) Excess Retained per Share1.701.972.16
(=) Adjusted Dividend2.903.183.36
WACC / Discount Rate6.98%6.98%6.98%
Growth Rate5.50%6.50%7.50%
Fair Value$207.55$676.36$721.72
Upside / Downside132.84%658.76%709.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)506.90539.85574.94612.31652.11694.50715.34
Payout Ratio33.09%44.47%55.85%67.24%78.62%90.00%92.50%
Projected Dividends (M)167.73240.08321.12411.69512.68625.05661.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.98%6.98%6.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)222.31224.42226.53
Year 2 PV (M)275.36280.61285.90
Year 3 PV (M)326.91336.29345.85
Year 4 PV (M)376.98391.47406.39
Year 5 PV (M)425.60446.16467.50
PV of Terminal Value (M)11,332.4011,879.7612,448.07
Equity Value (M)12,959.5713,558.7214,180.24
Shares Outstanding (M)139.68139.68139.68
Fair Value$92.78$97.07$101.52
Upside / Downside4.08%8.90%13.89%

High-Yield Dividend Screener

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