International Flavors & Fragrances

One of the world’s largest flavors and fragrances companies.

Launch date

1889

Employees

Market cap

Enterprise valuation

AUD55.4b (Public information from Sep 2024)

New York City New York (HQ)

http://www.iff.com/

https://twitter.com/iff https://www.facebook.com/internationalflavorsandfragrances https://www.linkedin.com/company/iff

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Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025	2026
Revenues	5.1b	11.7b	12.4b	11.5b	11.3b	11.6b	11.9b
% growth	(1 %)	129 %	7 %	(8 %)	(2 %)	3 %	2 %
EBITDA	920m	1.8b	2.3b	1.7b	2.2b	2.3b	2.5b
% EBITDA margin	18 %	16 %	18 %	15 %	19 %	20 %	21 %
Profit	363m	270m	(1.8b)	(2.6b)	410m	655m	762m
% profit margin	7 %	2 %	(15 %)	(22 %)	4 %	6 %	6 %
EV / revenue	3.0x	4.2x	3.0x	2.6x	3.1x	2.9x	2.8x
EV / EBITDA	16.8x	26.7x	16.4x	17.8x	16.2x	14.4x	13.4x
R&D budget	357m	629m	603m	636m	-	-	-
R&D % of revenue	7 %	5 %	5 %	6 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
May 1983	N/A	N/A	IPO
May 2023*	Weik Capital Management	$585k	Post IPO Equity
Apr 2024*	Ballentine Partners	N/A	Post IPO Equity
Total Funding		-

ACQUISITION by International Flavors & Fragrances May 2018

Aryballe Technologies

Fragrance Resources

ACQUISITION by International Flavors & Fragrances Nov 2016

ACQUISITION by International Flavors & Fragrances Apr 2017

David Michael & Co

ACQUISITION by International Flavors & Fragrances Sep 2016

Lucas Meyer Cosmetics

ACQUISITION by Clariant Oct 2023

Health Wright Products

ACQUISITION by International Flavors & Fragrances Feb 2022