International Flavors & Fragrances: What A Difference Half A Year Makes

Summary

  • International Flavors & Fragrances' Nutrition & Biosciences deal finally closed earlier this year.
  • The huge deal caused quite an overhang as the pandemic hit both businesses a bit last year.
  • Closing of the deal and solid outlook for 2021 are reassuring investors as the premium valuation vs. the market has been restored.
  • After 25% returns since the start of the year, valuation re-rating seems close to be completed after the worst concerns are alleviated, and the focus is on the future again.
  • Looking for a helping hand in the market? Members of Value In Corporate Events get exclusive ideas and guidance to navigate any climate. Learn More »

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In January of this year, I concluded that stagnation continued for International Flavors & Fragrances (NYSE:IFF). The company has just seen a tough year of 2020 with margins being pressured on the back of declining

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This article was written by

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The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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