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DSM-Firmenich AG
AEX:DSFIR

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DSM-Firmenich AG
AEX:DSFIR
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Price: 65.76 EUR 2.18%
Market Cap: €16.7B

EV/EBIT

30.2
Current
4%
Cheaper
vs 3-y median of 31.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
30.2
=
Enterprise Value
€19.1B
/
EBIT
€668m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
30.2
=
Enterprise Value
€19.1B
/
EBIT
€668m

Valuation Scenarios

DSM-Firmenich AG is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (31.4), the stock would be worth €68.22 (4% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-35%
Maximum Upside
+4%
Average Downside
13%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 30.2 €65.76
0%
3-Year Average 31.4 €68.22
+4%
5-Year Average 31.4 €68.22
+4%
Industry Average 23 €50.04
-24%
Country Average 19.5 €42.48
-35%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€19.1B
/
Jan 2026
€668m
=
30.2
Current
€19.1B
/
Dec 2026
€1.1B
=
18.1
Forward
€19.1B
/
Dec 2027
€1.2B
=
16.2
Forward
€19.1B
/
Dec 2028
€1.3B
=
14.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CH
DSM-Firmenich AG
AEX:DSFIR
16.6B EUR 30.2 -15.3
US
Sherwin-Williams Co
NYSE:SHW
85.6B USD 25.3 33.3
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
12.7T JPY 17.8 26.1
US
Ecolab Inc
NYSE:ECL
77.5B USD 29.1 37.3
JP
Yasuhara Chemical Co Ltd
TSE:4957
10.8T JPY 7.1 10.5
CN
Wanhua Chemical Group Co Ltd
SSE:600309
274.8B CNY 21.3 24.8
CH
Givaudan SA
SIX:GIVN
27.4B CHF 22.2 25.1
DK
Novozymes A/S
CSE:NZYM B
165.6B DKK 37.9 54.8
US
PPG Industries Inc
NYSE:PPG
25.7B USD 13.9 16.3
IN
Asian Paints Ltd
NSE:ASIANPAINT
2.4T INR 46.2 62.6
CH
Sika AG
F:SIKA
19.9B EUR 14.2 17.5
P/E Multiple
Earnings Growth PEG
CH
D
DSM-Firmenich AG
AEX:DSFIR
Average P/E: 30.8
Negative Multiple: -15.3
N/A N/A
US
Sherwin-Williams Co
NYSE:SHW
33.3
14%
2.4
JP
Shin-Etsu Chemical Co Ltd
TSE:4063
26.1
7%
3.7
US
Ecolab Inc
NYSE:ECL
37.3
14%
2.7
JP
Y
Yasuhara Chemical Co Ltd
TSE:4957
10.5
N/A N/A
CN
Wanhua Chemical Group Co Ltd
SSE:600309
24.8
13%
1.9
CH
Givaudan SA
SIX:GIVN
25.1
6%
4.2
DK
Novozymes A/S
CSE:NZYM B
54.8
N/A N/A
US
PPG Industries Inc
NYSE:PPG
16.3
10%
1.6
IN
Asian Paints Ltd
NSE:ASIANPAINT
62.6
15%
4.2
CH
Sika AG
F:SIKA
17.5
8%
2.2

Market Distribution

Higher than 78% of companies in Switzerland
Percentile
78th
Based on 894 companies
78th percentile
30.2
Low
0 — 13.5
Typical Range
13.5 — 25.3
High
25.3 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 13.5
Median 19.5
70th Percentile 25.3
Max 855.5

DSM-Firmenich AG
Glance View

DSM-Firmenich AG is the culmination of a merger between two titans in their respective fields: DSM, a Dutch multinational known for its prowess in health, nutrition, and sustainable living, and Firmenich, a Swiss firm renowned for its legacy in fragrances and flavors. This strategic union blends DSM's strengths in innovative biotechnology and sustainability with Firmenich's expertise in creating unique sensory experiences. As a combined entity, DSM-Firmenich AG operates on the cutting edge of scientific innovation, catering to a diverse array of industries including food and beverages, personal care, and health products. The synergy of DSM's leadership in sustainable solutions with Firmenich's artistry in scent and flavor not only results in high-quality consumer products but also pushes the envelope in terms of environmental responsibility and human health. The company's business model thrives on innovation and a deep understanding of consumer needs. It leverages its extensive research and development capabilities to produce solutions that enhance the taste, texture, and nutritional value of food, alongside creating signature scents for personal and home care products. By consistently investing in technology and sustainable practices, DSM-Firmenich generates revenue through a broad portfolio of offerings that cater to global clients ranging from multinational corporations to niche brands. Their growth is anchored in delivering products that resonate with consumers' increasing demands for sustainability and authenticity, ensuring that every product not only meets the highest standards of quality but also aligns with the values of a rapidly changing world.

DSFIR Intrinsic Value
72.54 EUR
Undervaluation 9%
Intrinsic Value
Price €65.76
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