Why International Flavors & Fragrances Inc. (NYSE:IFF) Could Be Worth Watching
Why International Flavors & Fragrances Inc. (NYSE:IFF) Could Be Worth Watching
Today we're going to take a look at the well-established International Flavors & Fragrances Inc. (NYSE:IFF). The company's stock saw a decent share price growth of 16% on the NYSE over the last few months. The company is inching closer to its yearly highs following the recent share price climb. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Let's take a look at International Flavors & Fragrances's outlook and value based on the most recent financial data to see if the opportunity still exists.
我們今天將會關注成熟的國際香料和香精公司(International Flavors & Fragrances Inc.) (NYSE:IFF)的情況。在過去幾個月裏，該公司的股票價格在紐交所上漲了16%。隨着最近股價的上漲，該公司即將接近年度高點。作爲一個被分析師廣泛關注的大型股票，你可能會認爲公司前景的任何最新變化已經被股市所反映。但是，如果仍然有買入的機會呢？讓我們看看國際香料和香精的前景和價值，基於最新的財務數據，以判斷其是否仍存在投資機會。
Is International Flavors & Fragrances Still Cheap?
國際香料和香精公司是否仍然便宜？
According to our valuation model, International Flavors & Fragrances seems to be fairly priced at around 8.77% above our intrinsic value, which means if you buy International Flavors & Fragrances today, you'd be paying a relatively reasonable price for it. And if you believe that the stock is really worth $87.10, then there isn't really any room for the share price grow beyond what it's currently trading. Although, there may be an opportunity to buy in the future. This is because International Flavors & Fragrances's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity.
根據我們的估值模型，國際香料和香精公司的價格似乎已經達到了公允價值的8.77%左右，這意味着如果你今天購買國際香料和香精，你將爲此付出一個相對合理的價格。如果你認爲公司股票真正價值爲87.10美元，那麼股價超過它的當前交易價格的增長空間實際上並不大。不過，將來還可能有機會買入，因爲國際香料和香精的貝塔值（股價波動的一種度量值）很高，這意味着相對於市場的其他部分，它的股價波動將會被誇大。如果市場看淡，公司的股價可能會下跌得比其他市場下跌幅度更大，從而提供一個主板買入的機會。
What does the future of International Flavors & Fragrances look like?
國際香料和香精未來的前景是什麼樣子？
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. However, with a relatively muted revenue growth of 4.1% expected over the next couple of years, growth doesn't seem like a key driver for a buy decision for International Flavors & Fragrances, at least in the short term.
未來的前景是你考慮買入股票時的一個重要方面，尤其是如果你是一個希望在你的投資組合中尋求增長的投資者。雖然價值投資者會認爲最重要的是相對於價格的內在價值，但更有說服力的投資論點是以低價購買高增長潛力的股票。然而，未來幾年國際香料和香精公司的營收增長相對較低，預計只有4.1%，在短期內看來增長並不是買入決策的關鍵驅動因素。
What This Means For You
這對您意味着什麼？
Are you a shareholder? IFF's future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?
你是否是股東？國際香料和香精公司的未來增長似乎已經被納入了目前的股價，股票交易價格合理。但是，還有其他重要因素今天我們沒有考慮到，例如公司管理團隊的歷史記錄。這些因素自你上次看過股票以來發生了變化嗎？如果價格低於公允的價值，你是否有足夠的信心投資該公司？
Are you a potential investor? If you've been keeping an eye on IFF, now may not be the most optimal time to buy, given it is trading around its fair value. However, the positive outlook means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.
你是潛在的投資者嗎？如果你一直關注國際香料和香精公司，現在可能不是最佳的購買時機，因爲股票目前交易在公允價值附近。但是，正面的前景意味着值得更深入研究其他因素，例如其資產負債表的強度，以利用下一次股價下跌的機會。
In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. For example, we've found that International Flavors & Fragrances has 2 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.
鑑於此，如果你希望對該公司進行更多的分析，了解相關的風險非常重要。例如，我們發現國際香料和香精公司有2個警示信號(其中1個讓我們有點不舒服!)，在進一步分析之前，這些信號值得你的關注。
If you are no longer interested in International Flavors & Fragrances, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果你對國際香料和香精公司不再感興趣，你可以使用我們免費的平台查看我們的50多種具有高增長潛力的其他股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。