Analyst Coverage & Consensus

Firm Analyst
Argus Research Company
 John Staszak
Baird
 Ghansham Panjabi
Bank of America
 Matt Deyoe
Barclays Capital
 Lauren R. Lieberman
Berenberg
 James Targett
Bernstein
 Gunther Zechmann
Citi
 PJ Juvekar
Consumer Edge Research
 Jonathan Feeney
Deutsche Bank
 David Begleiter
Exane BNP Paribas
 Heidi Vesterinen
Goldman Sachs
 Adam Samuelson
Jefferies
 Laurence Alexander
JP Morgan
 Jeffrey J. Zekauskas
Mizuho
 Chris Parkinson
Morgan Stanley
Lisa De Neve
Morningstar
 Seth Goldstein
Redburn
 Tony Jones
Societe Generale
 Thomas Swoboda
Stifel Nicolaus
 Mark Astrachan
UBS
 Josh Spector
Wells Fargo
 Michael Sison

International Flavors & Fragrances Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding International Flavors & Fragrances Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of International Flavors & Fragrances Inc. or its management. International Flavors & Fragrances Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Reference Information - Earnings Per Share

Last Actual (FY0): 5.63
FY0 End Date: 12/1/21
Ind. Annual Div: 3.16
Hist (5 Yr) Growth %: -26.24
Yield (%): 2.60

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 7.19 8.99 5.99 7.10 10 -- 2 -0.83
Annual Dec 23 6.46 7.98 5.66 6.45 18 -- 2 -0.30
Annual Dec 22 5.79 6.77 5.51 5.77 19 1 -- --
Quarterly Mar 23 1.71 1.85 1.62 1.68 4 1 -- --
Quarterly Jun 22 1.45 1.89 1.30 1.41 14 1 -- --
Quarterly Sep 22 1.44 1.88 1.25 1.42 14 1 -- --
Quarterly Dec 22 1.24 1.41 1.12 1.25 14 1 -- --
Long Term Growth 3.70 3.70 3.70 3.70 1 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 21 5.63 5.60 0.50
Annual Dec 20 5.70 5.60 1.84
Annual Dec 19 6.17 6.17 -0.06
Quarterly Mar 22 1.69 1.35 24.85
Quarterly Dec 21 1.10 1.04 6.24
Quarterly Sep 21 1.47 1.38 6.80
Quarterly Jun 21 1.50 1.49 0.39

Reference Information - Book Value Per Share

Last Actual (FY0): 82.96
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 86.08 89.58 82.20 86.27 4 -- 1 --
Annual Dec 23 84.29 86.18 81.90 84.54 4 1 -- --
Annual Dec 22 83.11 84.62 82.20 82.81 4 1 -- --
Quarterly Mar 23 83.84 83.84 83.84 83.84 1 1 -- --
Quarterly Jun 22 82.63 82.63 82.63 82.63 1 1 -- --
Quarterly Sep 22 83.00 83.00 83.00 83.00 1 1 -- --
Quarterly Dec 22 83.23 83.23 83.23 83.23 1 1 -- --

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 21 82.96 89.01 -6.79
Annual Dec 20 59.02 54.50 8.30
Annual Dec 19 58.34 54.71 6.65
Quarterly Mar 22 82.15 83.12 -1.16
Quarterly Dec 21 82.96 84.16 -1.42
Quarterly Sep 21 84.17 85.92 -2.03
Quarterly Jun 21 87.38 85.48 2.22

Reference Information - Cash Flow Per Share

Last Actual (FY0): 5.91
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 8.97 9.77 8.39 8.86 4 -- 1 --
Annual Dec 23 8.40 8.82 7.81 8.68 5 -- 1 --
Annual Dec 22 6.78 7.66 5.66 6.84 5 1 -- --
Quarterly Mar 23 2.10 2.10 2.10 2.10 1 1 -- --
Quarterly Jun 22 1.49 1.87 1.11 1.49 2 1 -- --
Quarterly Sep 22 2.04 2.18 1.90 2.04 2 1 -- --
Quarterly Dec 22 2.06 2.38 1.73 2.06 2 -- -- --

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 21 5.91 6.63 -10.89
Annual Dec 20 6.28 6.06 3.66
Annual Dec 19 6.17 6.68 -7.58
Quarterly Mar 22 -0.02 1.53 -101.31
Quarterly Dec 21 1.22 1.46 -16.51
Quarterly Sep 21 1.68 2.18 -22.76
Quarterly Jun 21 1.33 1.60 -16.88

Reference Information - Dividend Per Share

Last Actual (FY0): --
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 3.44 3.90 3.16 3.41 8 -- -- --
Annual Dec 23 3.32 3.78 3.08 3.30 11 -- -- --
Annual Dec 22 3.14 3.31 2.78 3.20 11 -- -- --
Quarterly Mar 23 0.84 0.84 0.84 0.84 1 -- -- --
Quarterly Jun 22 0.79 0.79 0.79 0.79 1 -- -- --
Quarterly Sep 22 0.87 0.87 0.87 0.87 1 -- -- --
Quarterly Dec 22 0.87 0.87 0.87 0.87 1 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 3.06 2.98 2.81
Annual Dec 19 2.96 2.92 1.43
Quarterly Mar 22 0.79 0.77 2.60
Quarterly Sep 21 0.77 0.69 11.59
Quarterly Jun 21 0.77 0.77 --

Reference Information - EBIT

Last Actual (FY0): 693.00
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 2,551.22 2,714.39 2,343.00 2,573.00 7 -- 2 -1.06
Annual Dec 23 2,343.25 2,473.16 2,195.00 2,353.00 9 -- 2 -0.57
Annual Dec 22 1,992.55 2,210.54 1,381.30 2,104.00 11 1 -- --
Quarterly Mar 23 580.71 580.71 580.71 580.71 1 -- 1 --
Quarterly Jun 22 540.89 568.62 519.70 535.50 6 1 -- --
Quarterly Sep 22 528.83 553.91 510.00 525.60 6 1 -- --
Quarterly Dec 22 478.39 503.01 468.00 473.32 6 1 -- --

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual Dec 21 693.00 1,885.30 -63.24
Annual Dec 20 922.29 1,019.23 -9.51
Annual Dec 19 986.18 997.40 -1.13
Quarterly Mar 22 585.00 484.52 20.74
Quarterly Dec 21 408.00 433.29 -5.84
Quarterly Sep 21 546.00 524.36 4.13
Quarterly Jun 21 557.00 572.49 -2.70

Reference Information - EBITDA

Last Actual (FY0): 1,849.00
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 3,047.54 3,346.00 2,646.00 3,098.34 11 -- 2 -0.57
Annual Dec 23 2,842.45 3,025.00 2,582.00 2,862.51 17 -- 2 -0.25
Annual Dec 22 2,564.96 2,674.54 2,500.00 2,568.00 17 1 -- --
Quarterly Mar 23 725.48 749.00 701.96 725.48 2 -- 1 --
Quarterly Jun 22 649.40 703.00 600.00 649.50 12 1 -- --
Quarterly Sep 22 645.10 673.00 625.00 639.60 12 1 -- --
Quarterly Dec 22 579.73 618.01 521.00 581.50 12 1 -- --

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual Dec 21 1,849.00 2,430.43 -23.92
Annual Dec 20 1,052.99 1,046.20 0.65
Annual Dec 19 1,116.41 1,105.03 1.03
Quarterly Mar 22 888.00 614.76 44.45
Quarterly Dec 21 703.00 534.69 31.48
Quarterly Sep 21 648.00 648.17 -0.03
Quarterly Jun 21 679.00 690.72 -1.70

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 1.10
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 5.04 5.82 4.44 4.83 5 -- 1 --
Annual Dec 23 3.99 4.75 2.57 3.91 7 -- 1 --
Annual Dec 22 3.16 3.59 2.74 3.09 7 1 -- --
Quarterly Mar 23 0.89 0.89 0.89 0.89 1 1 -- --
Quarterly Jun 22 0.84 0.97 0.67 0.86 5 1 -- --
Quarterly Sep 22 0.88 1.04 0.71 0.93 5 1 -- --
Quarterly Dec 22 0.65 0.88 0.48 0.61 5 1 -- --

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 21 1.10 1.07 2.39
Annual Dec 20 3.21 3.87 -17.00
Annual Dec 19 4.00 4.41 -9.21
Quarterly Mar 22 0.96 0.69 39.94
Quarterly Dec 21 0.35 0.35 -0.71
Quarterly Sep 21 0.76 0.68 11.44
Quarterly Jun 21 0.11 0.82 -86.59

Reference Information - Net Asset Value

Last Actual (FY0): 21,118.00
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Asset Value

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 22,134.32 24,881.00 20,674.00 21,621.00 7 -- -- --
Annual Dec 23 21,668.55 23,816.00 20,780.00 21,240.72 8 -- -- --
Annual Dec 22 19,036.01 22,911.00 2,109.00 21,131.54 8 -- -- --
Quarterly Jun 22 21,100.00 21,134.00 21,066.00 21,100.00 2 -- -- --
Quarterly Sep 22 21,136.00 21,205.00 21,067.00 21,136.00 2 -- -- --
Quarterly Dec 22 21,131.50 21,234.00 21,029.00 21,131.50 2 -- -- --

Actuals - Net Asset Value

Reported Mean Estimate Surprise % Change
Annual Dec 21 21,118.00 21,522.58 -1.88
Annual Dec 20 6,323.04 6,231.67 1.47
Annual Dec 19 6,229.55 6,289.20 -0.95
Quarterly Mar 22 20,965.00 21,248.00 -1.33
Quarterly Dec 21 21,118.00 21,751.50 -2.91
Quarterly Sep 21 21,473.00 21,910.00 -1.99
Quarterly Jun 21 21,800.00 21,782.00 0.08

Reference Information - Net Debt

Last Actual (FY0): 10,685.00
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 8,521.58 9,409.92 7,425.00 8,386.24 8 -- 1 --
Annual Dec 23 9,208.22 10,436.15 8,348.00 8,929.50 8 -- 1 --
Annual Dec 22 9,862.48 11,223.71 9,167.00 9,536.70 8 -- 1 --
Quarterly Mar 23 9,556.59 9,556.59 9,556.59 9,556.59 1 -- 1 --
Quarterly Jun 22 10,220.48 10,999.96 9,441.00 10,220.48 2 1 -- --
Quarterly Sep 22 9,521.06 9,685.12 9,357.00 9,521.06 2 -- 1 --
Quarterly Dec 22 9,536.70 9,578.40 9,495.00 9,536.70 2 -- 1 --

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual Dec 21 10,685.00 11,065.98 -3.44
Annual Dec 20 4,415.56 3,797.16 16.29
Annual Dec 19 3,780.03 3,774.09 0.16
Quarterly Mar 22 11,016.00 11,037.63 -0.20
Quarterly Dec 21 10,685.00 10,896.87 -1.94
Quarterly Sep 21 10,854.00 11,183.61 -2.95
Quarterly Jun 21 11,035.00 10,803.89 2.14

Reference Information - Net Income

Last Actual (FY0): 1,373.00
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 1,753.77 1,983.85 1,528.00 1,708.00 5 -- 2 -1.73
Annual Dec 23 1,510.13 1,771.55 1,095.40 1,533.50 10 -- 2 -0.59
Annual Dec 22 1,399.77 1,554.03 846.20 1,438.50 11 1 -- --
Quarterly Mar 23 427.55 440.40 414.69 427.55 2 1 -- --
Quarterly Jun 22 365.53 396.39 352.00 361.05 6 1 -- --
Quarterly Sep 22 363.12 386.28 344.00 365.58 6 1 -- --
Quarterly Dec 22 316.79 340.87 299.90 317.20 6 1 -- --

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual Dec 21 1,373.00 1,366.55 0.47
Annual Dec 20 649.14 642.26 1.07
Annual Dec 19 699.65 698.91 0.11
Quarterly Mar 22 431.00 339.96 26.78
Quarterly Dec 21 281.00 262.84 6.91
Quarterly Sep 21 377.00 355.26 6.12
Quarterly Jun 21 383.00 376.14 1.83

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Quarterly Mar 23 -- -- -- -- -- -- -- --
Quarterly Dec 22 -- -- -- -- -- -- -- --
Quarterly Sep 22 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 10.01
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 7.25 8.83 5.70 7.30 5 -- -- --
Annual Dec 23 6.03 7.97 3.10 6.30 6 -- -- --
Annual Dec 22 5.67 7.37 3.50 6.70 7 -- -- --
Quarterly Mar 23 7.83 7.83 7.83 7.83 1 -- -- --
Quarterly Jun 22 6.68 6.68 6.68 6.68 1 -- -- --
Quarterly Sep 22 6.90 6.90 6.90 6.90 1 -- -- --
Quarterly Dec 22 6.11 6.11 6.11 6.11 1 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual Dec 21 10.01 7.06 2.95
Annual Dec 20 10.34 9.02 1.32
Annual Dec 19 11.39 9.75 1.64
Quarterly Mar 22 8.19 6.06 2.13
Quarterly Dec 21 5.28 7.53 -2.25
Quarterly Sep 21 6.98 9.98 -3.00
Quarterly Jun 21 7.06 10.98 -3.92

Reference Information - Sales

Last Actual (FY0): 11,656.00
FY0 End Date: 12/1/21
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 13,859.62 14,472.65 12,944.00 13,858.00 11 1 1 -0.27
Annual Dec 23 13,227.08 13,795.84 12,581.00 13,220.00 17 1 2 -0.06
Annual Dec 22 12,768.96 12,977.27 12,514.00 12,794.00 17 -- 2 0.00
Quarterly Mar 23 3,332.22 3,437.55 3,255.00 3,304.12 3 -- 1 --
Quarterly Jun 22 3,254.94 3,426.11 3,205.00 3,244.71 14 1 1 0.00
Quarterly Sep 22 3,178.82 3,352.33 3,107.50 3,160.50 14 1 1 0.00
Quarterly Dec 22 3,155.08 3,250.78 3,028.00 3,154.15 14 2 -- 0.00

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual Dec 21 11,656.00 11,575.96 0.69
Annual Dec 20 5,084.24 5,077.81 0.13
Annual Dec 19 5,140.08 5,128.68 0.22
Quarterly Mar 22 3,226.00 3,100.02 4.06
Quarterly Dec 21 3,031.00 2,937.47 3.18
Quarterly Sep 21 3,071.00 3,017.32 1.78
Quarterly Jun 21 3,089.00 2,975.30 3.82

Reference Information - Earnings Per Share (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Earnings Per Share (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Quarterly Mar 23 -- -- -- -- -- -- -- --
Quarterly Dec 22 -- -- -- -- -- -- -- --
Quarterly Sep 22 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --

Actuals - Earnings Per Share (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Net Income (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Quarterly Mar 23 -- -- -- -- -- -- -- --
Quarterly Dec 22 -- -- -- -- -- -- -- --
Quarterly Sep 22 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --

Actuals - Net Income (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Operating Profit (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 24 -- -- -- -- -- -- -- --
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Quarterly Mar 23 -- -- -- -- -- -- -- --
Quarterly Dec 22 -- -- -- -- -- -- -- --
Quarterly Sep 22 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --

Actuals - Operating Profit (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Sales (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change

Actuals - Sales (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

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