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SYMRISE AG (SY1.DE) Stock Fundamental Analysis

FRA:SY1 - Deutsche Boerse Ag - DE000SYM9999 - Common Stock - Currency: EUR

96.54  -0.88 (-0.9%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to SY1. SY1 was compared to 60 industry peers in the Chemicals industry. While SY1 has a great health rating, its profitability is only average at the moment. SY1 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

SY1 had positive earnings in the past year.
SY1 had a positive operating cash flow in the past year.
Each year in the past 5 years SY1 has been profitable.
In the past 5 years SY1 always reported a positive cash flow from operatings.
SY1.DE Yearly Net Income VS EBIT VS OCF VS FCFSY1.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

1.2 Ratios

SY1 has a Return On Assets of 4.96%. This is in the better half of the industry: SY1 outperforms 73.68% of its industry peers.
SY1's Return On Equity of 10.44% is fine compared to the rest of the industry. SY1 outperforms 71.93% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.25%, SY1 is in the better half of the industry, outperforming 70.18% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SY1 is in line with the industry average of 6.58%.
Industry RankSector Rank
ROA 4.96%
ROE 10.44%
ROIC 6.25%
ROA(3y)4.53%
ROA(5y)4.76%
ROE(3y)9.7%
ROE(5y)10.98%
ROIC(3y)6.36%
ROIC(5y)6.46%
SY1.DE Yearly ROA, ROE, ROICSY1.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15

1.3 Margins

SY1 has a better Profit Margin (8.04%) than 78.95% of its industry peers.
In the last couple of years the Profit Margin of SY1 has declined.
The Operating Margin of SY1 (12.64%) is better than 80.70% of its industry peers.
In the last couple of years the Operating Margin of SY1 has declined.
SY1's Gross Margin of 37.10% is in line compared to the rest of the industry. SY1 outperforms 56.14% of its industry peers.
In the last couple of years the Gross Margin of SY1 has declined.
Industry RankSector Rank
OM 12.64%
PM (TTM) 8.04%
GM 37.1%
OM growth 3Y-5.42%
OM growth 5Y-3.31%
PM growth 3Y-6.59%
PM growth 5Y-4.06%
GM growth 3Y-3.24%
GM growth 5Y-1.89%
SY1.DE Yearly Profit, Operating, Gross MarginsSY1.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30 40

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SY1 is creating some value.
SY1 has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SY1 has been increased compared to 5 years ago.
Compared to 1 year ago, SY1 has an improved debt to assets ratio.
SY1.DE Yearly Shares OutstandingSY1.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
SY1.DE Yearly Total Debt VS Total AssetsSY1.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.2 Solvency

An Altman-Z score of 3.41 indicates that SY1 is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.41, SY1 belongs to the best of the industry, outperforming 82.46% of the companies in the same industry.
The Debt to FCF ratio of SY1 is 4.46, which is a neutral value as it means it would take SY1, 4.46 years of fcf income to pay off all of its debts.
SY1's Debt to FCF ratio of 4.46 is amongst the best of the industry. SY1 outperforms 80.70% of its industry peers.
SY1 has a Debt/Equity ratio of 0.66. This is a neutral value indicating SY1 is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.66, SY1 is doing worse than 73.68% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 4.46
Altman-Z 3.41
ROIC/WACC1.04
WACC6.03%
SY1.DE Yearly LT Debt VS Equity VS FCFSY1.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.3 Liquidity

A Current Ratio of 2.97 indicates that SY1 has no problem at all paying its short term obligations.
SY1 has a better Current ratio (2.97) than 82.46% of its industry peers.
A Quick Ratio of 1.64 indicates that SY1 should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.64, SY1 is in the better half of the industry, outperforming 77.19% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.97
Quick Ratio 1.64
SY1.DE Yearly Current Assets VS Current LiabilitesSY1.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

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5

3. Growth

3.1 Past

SY1 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 64.49%, which is quite impressive.
Measured over the past 5 years, SY1 shows a small growth in Earnings Per Share. The EPS has been growing by 3.20% on average per year.
Looking at the last year, SY1 shows a small growth in Revenue. The Revenue has grown by 2.30% in the last year.
Measured over the past years, SY1 shows a quite strong growth in Revenue. The Revenue has been growing by 8.44% on average per year.
EPS 1Y (TTM)64.49%
EPS 3Y3.08%
EPS 5Y3.2%
EPS Q2Q%27.61%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y10.35%
Revenue growth 5Y8.44%
Sales Q2Q%6.28%

3.2 Future

SY1 is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.02% yearly.
The Revenue is expected to grow by 6.13% on average over the next years.
EPS Next Y19.11%
EPS Next 2Y16.04%
EPS Next 3Y14.54%
EPS Next 5Y12.02%
Revenue Next Year5.48%
Revenue Next 2Y5.54%
Revenue Next 3Y5.75%
Revenue Next 5Y6.13%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SY1.DE Yearly Revenue VS EstimatesSY1.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2B 4B 6B
SY1.DE Yearly EPS VS EstimatesSY1.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 34.36 indicates a quite expensive valuation of SY1.
The rest of the industry has a similar Price/Earnings ratio as SY1.
SY1 is valuated rather expensively when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 24.32, SY1 is valued on the expensive side.
SY1's Price/Forward Earnings is on the same level as the industry average.
SY1's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
Industry RankSector Rank
PE 34.36
Fwd PE 24.32
SY1.DE Price Earnings VS Forward Price EarningsSY1.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

SY1's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SY1 is more expensive than 63.16% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SY1 is valued a bit cheaper than the industry average as 61.40% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 23.56
EV/EBITDA 17.06
SY1.DE Per share dataSY1.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

SY1's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SY1 may justify a higher PE ratio.
A more expensive valuation may be justified as SY1's earnings are expected to grow with 14.54% in the coming years.
PEG (NY)1.8
PEG (5Y)10.75
EPS Next 2Y16.04%
EPS Next 3Y14.54%

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4

5. Dividend

5.1 Amount

SY1 has a Yearly Dividend Yield of 1.11%.
SY1's Dividend Yield is slightly below the industry average, which is at 3.94.
With a Dividend Yield of 1.11, SY1 pays less dividend than the S&P500 average, which is at 2.28.
Industry RankSector Rank
Dividend Yield 1.11%

5.2 History

The dividend of SY1 has a limited annual growth rate of 3.11%.
Dividend Growth(5Y)3.11%
Div Incr Years2
Div Non Decr Years3
SY1.DE Yearly Dividends per shareSY1.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

SY1 pays out 39.18% of its income as dividend. This is a sustainable payout ratio.
SY1's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP39.18%
EPS Next 2Y16.04%
EPS Next 3Y14.54%
SY1.DE Yearly Income VS Free CF VS DividendSY1.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
SY1.DE Dividend Payout.SY1.DE Dividend Payout, showing the Payout Ratio.SY1.DE Dividend Payout.PayoutRetained Earnings

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SYMRISE AG

FRA:SY1 (2/5/2025, 9:34:10 AM)

96.54

-0.88 (-0.9%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-24 2024-10-24
Earnings (Next)N/A N/A
Inst Owners63.13%
Inst Owner ChangeN/A
Ins Owners5.02%
Ins Owner ChangeN/A
Market Cap13.49B
Analysts71.43
Price Target121.73 (26.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.11%
Yearly Dividend1.05
Dividend Growth(5Y)3.11%
DP39.18%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.77%
PT rev (3m)-1.09%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.41%
EPS NY rev (3m)0.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.12%
Valuation
Industry RankSector Rank
PE 34.36
Fwd PE 24.32
P/S 2.76
P/FCF 23.56
P/OCF 15.84
P/B 3.59
P/tB 13.22
EV/EBITDA 17.06
EPS(TTM)2.81
EY2.91%
EPS(NY)3.97
Fwd EY4.11%
FCF(TTM)4.1
FCFY4.25%
OCF(TTM)6.1
OCFY6.31%
SpS34.93
BVpS26.9
TBVpS7.3
PEG (NY)1.8
PEG (5Y)10.75
Profitability
Industry RankSector Rank
ROA 4.96%
ROE 10.44%
ROCE 8.83%
ROIC 6.25%
ROICexc 6.54%
ROICexgc 11.1%
OM 12.64%
PM (TTM) 8.04%
GM 37.1%
FCFM 11.73%
ROA(3y)4.53%
ROA(5y)4.76%
ROE(3y)9.7%
ROE(5y)10.98%
ROIC(3y)6.36%
ROIC(5y)6.46%
ROICexc(3y)6.79%
ROICexc(5y)7.07%
ROICexgc(3y)12.6%
ROICexgc(5y)13.77%
ROCE(3y)8.98%
ROCE(5y)9.12%
ROICexcg growth 3Y-10.66%
ROICexcg growth 5Y-12.65%
ROICexc growth 3Y-7.46%
ROICexc growth 5Y-7.85%
OM growth 3Y-5.42%
OM growth 5Y-3.31%
PM growth 3Y-6.59%
PM growth 5Y-4.06%
GM growth 3Y-3.24%
GM growth 5Y-1.89%
F-Score8
Asset Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 4.46
Debt/EBITDA 2.65
Cap/Depr 89.26%
Cap/Sales 5.72%
Interest Coverage 11.34
Cash Conversion 91.64%
Profit Quality 145.98%
Current Ratio 2.97
Quick Ratio 1.64
Altman-Z 3.41
F-Score8
WACC6.03%
ROIC/WACC1.04
Cap/Depr(3y)82.22%
Cap/Depr(5y)75.83%
Cap/Sales(3y)5.23%
Cap/Sales(5y)4.98%
Profit Quality(3y)84.25%
Profit Quality(5y)107.03%
High Growth Momentum
Growth
EPS 1Y (TTM)64.49%
EPS 3Y3.08%
EPS 5Y3.2%
EPS Q2Q%27.61%
EPS Next Y19.11%
EPS Next 2Y16.04%
EPS Next 3Y14.54%
EPS Next 5Y12.02%
Revenue 1Y (TTM)2.3%
Revenue growth 3Y10.35%
Revenue growth 5Y8.44%
Sales Q2Q%6.28%
Revenue Next Year5.48%
Revenue Next 2Y5.54%
Revenue Next 3Y5.75%
Revenue Next 5Y6.13%
EBIT growth 1Y7.58%
EBIT growth 3Y4.36%
EBIT growth 5Y4.86%
EBIT Next Year67.94%
EBIT Next 3Y25.26%
EBIT Next 5Y17.64%
FCF growth 1Y344.09%
FCF growth 3Y-3.92%
FCF growth 5Y15.55%
OCF growth 1Y98.12%
OCF growth 3Y3.6%
OCF growth 5Y9.92%