# International Flavors & Fragrances (IFF) Forecast Calculator

Interactive five-year financial forecast and DCF for International Flavors & Fragrances. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/international-flavors-fragrances/forecast
- Industry: Materials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 5140000000 | 463000000 | 988000000 | 460000000 |
| 2022 | 5084000000 | 522000000 | 891000000 | 367000000 |
| 2023 | 11656000000 | 1044000000 | 1741000000 | 279000000 |
| 2024 | 12440000000 | -107000000 | -147000000 | -1864000000 |
| 2025 | 11479000000 | 952000000 | -968000000 | -2587000000 |

## Frequently asked questions

### What does International Flavors & Fragrances (IFF) do?

International Flavors & Fragrances (IFF) is a global leader specializing in the creation of value-added ingredients for various markets, including food, beverage, health, biosciences, and scent. The company develops proprietary formulations that serve as essential, low-cost components in consumer packaged goods.

### What are the primary revenue drivers for International Flavors & Fragrances?

IFF's revenue is primarily driven by its Nourish segment, which accounts for approximately 51% of revenue, followed by Scent at 21% and Health & Biosciences at 19%. The company operates a B2B model characterized by high R&D intensity, sticky customer relationships, and significant pricing power across its globally diversified sales.

### What is the assumed capital expenditure as a percentage of revenue in the IFF financial model?

The financial model for International Flavors & Fragrances assumes capital expenditure as a percentage of revenue to be approximately 4.03%. This Capex is roughly split 50% for maintenance and 50% for growth, particularly focusing on capacity expansion in biosciences and flavors.

### What is the projected revenue growth rate used in the International Flavors & Fragrances financial model?

The International Flavors & Fragrances financial model incorporates a projected revenue growth rate of 20%. This assumption is crucial for forecasting the company's future financial performance and its path to deleveraging and margin recovery.

### What is the main purpose of the International Flavors & Fragrances financial model?

The primary purpose of this financial model is to provide a comprehensive platform for equity valuation and credit analysis of International Flavors & Fragrances. It enables analysts to forecast the company's deleveraging trajectory and margin recovery following significant business changes like divestitures and restructuring.

### Is an Excel model available for International Flavors & Fragrances, and what is its forecast horizon?

Yes, a downloadable Excel model is available for International Flavors & Fragrances. This model provides a forecast horizon spanning from fiscal year 2026 through fiscal year 2030, offering detailed projections for future analysis.