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.
今天我們將來看看知名的國際香精香料公司（紐約證券交易所代碼：IFF）。在過去的幾個月中，該公司的股票在紐約證券交易所的股價上漲了16％。在最近股價上漲之後，該公司已接近年度高點。作爲一隻分析師高度報道的大盤股，你可以假設該公司前景的任何最近變化都已計入該股。但是，如果還有機會購買呢？讓我們根據最新的財務數據來看看國際香精香料的前景和價值，看看機會是否仍然存在。
Is International Flavors & Fragrances Still Cheap?
國際香精和香水還便宜嗎？
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，國際香精香料的價格似乎相當合理，比我們的內在價值高出約8.77％，這意味着如果你今天購買國際香精香料，你將爲此支付相對合理的價格。而且，如果你認爲這隻股票的真正價值爲87.10美元，那麼除了目前的交易價格外，股價實際上沒有任何上漲的餘地。但是，將來可能會有機會購買。這是因爲International Flavors & Fragrances的beta值（衡量股價波動的指標）很高，這意味着其價格相對於其他市場的價格走勢將被誇大。如果市場看跌，該公司的股票下跌幅度可能會超過其他市場，這提供了絕佳的買入機會。
What does the future of International Flavors & Fragrances look like?
國際香精香料的未來會是什麼樣子？
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.
當你考慮買入股票時，未來前景是一個重要的方面，特別是如果你是尋求投資組合增長的投資者。儘管價值投資者會爭辯說，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廉的價格獲得高增長潛力。但是，預計未來幾年收入增長相對緩慢，爲4.1％，因此增長似乎並不是國際香精香料購買決策的關鍵驅動力，至少在短期內是如此。
What This Means For You
這對你意味着什麼
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?
你是股東嗎？IFF的未來增長似乎已計入當前股價，股票的交易價格接近其公允價值。但是，我們今天還沒有考慮其他重要因素，例如其管理團隊的往績。自從你上次查看股票以來，這些因素是否發生了變化？如果價格跌破其公允價值，您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？如果您一直在關注IFF，那麼鑑於IFF的交易價格接近其公允價值，現在可能不是最佳的買入時機。但是，樂觀的前景意味着值得深入研究其他因素，例如資產負債表的強度，以便利用下一次價格下跌的機會。
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.
有鑑於此，如果你想對公司進行更多分析，了解所涉及的風險至關重要。例如，我們發現 International Flavors & Fragrances 有 2 個警告信號（1 個讓我們有點不舒服！）在進行進一步分析之前，這值得你注意。
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.
如果您不再對國際香精和香料感興趣，您可以使用我們的免費平台查看我們列出的其他50多隻具有高增長潛力的股票清單。
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，發送電子郵件至 editorial-team@simplywallst.com
譯文內容由第三人軟體翻譯。