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Understanding IFF’s Debt Position, Debt Servicing, and More

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Understanding IFF’s Debt Position, Debt Servicing, and More PART 1 OF 5

IFF Impresses Investors as Its Stock Price Trends Upward

IFF’s stock performance

International Flavors and Fragrances (IFF) has given impressive returns to its investors so far in 2017. Year-to-date through September 27, IFF has returned 19.7%. 

International Flavors and Fragrances has outperformed its peer Sensient Technologies (SXT), which has fallen 2.0% during the same period. IFF has also outperformed the broad-based S&P 500 ETF (SPY), which has returned 11.9% year-to-date.

IFF Impresses Investors as Its Stock Price Trends Upward

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International Flavors and Fragrances’ (IFF) impressive gains were primarily driven by two quarters of better-than-expected earnings. The acquisitions made by the company in the past 11 months are expected to drive its growth. IFF’s operating efficiency is expected to improve with better control over operating expenses, which has boosted its earnings. 

IFF made an upward revision to its adjusted earnings per share (or EPS) for fiscal 2017. IFF expects its adjusted EPS to grow 4%–5% over its fiscal 2016 adjusted EPS. Its previous guidance was 3.5%–4.5%. 

Positive business developments such as the opening of Tastepoint to tap middle-market North American customers and expansion of the Cairo facility has also pushed its price up.

Moving averages and RSI

The impressive gains in International Flavors and Fragrances’ stock price resulted in IFF trading 3.3% above the 100-day moving average price of $136.51, indicating an upward trend in the stock. IFF’s 14-day relative strength index (or RSI) of 50 suggests that the stock is neither overbought nor oversold.

Investors can indirectly hold IFF by investing in the iShares US Basic Materials ETF (IYM), which holds 1.8% of its portfolio in IFF. The other holdings of the fund include DowDuPont (DWDP) and Praxair (PX), which comprised 24.4% and 6.0%, respectively, of IYM on September 27, 2017.

In this series, we’ll look into International Flavors and Fragrances’ debt position, debt servicing ability, analysts’ recommendations, stock performance, and latest valuations.

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