Air Products and Chemicals, Inc. (APD) vs International Flavors & Fragrances Inc. (IFF)

Air Products and Chemicals, Inc. and International Flavors & Fragrances Inc. are both Specialty Chemicals companies. Air Products and Chemicals, Inc. is the larger, with a market value of $63.4B against $21.9B — 2.9× the size. Air Products and Chemicals, Inc. has negative trailing earnings, so its P/E is not meaningful; International Flavors & Fragrances Inc. trades at 78.6×. Air Products and Chemicals, Inc. grew revenue faster over the last twelve months: 4.51% against 3.49%. International Flavors & Fragrances Inc. has the higher net margin (2.56% vs −0.38%) and the higher return on invested capital (2.65% vs −1.12%). Both pay a dividend; International Flavors & Fragrances Inc. yields more (4.00% vs 3.24%). Across the 20 metrics below, International Flavors & Fragrances Inc. leads on 18 and Air Products and Chemicals, Inc. on 2.

Valuation

Metric APD IFF Specialty Chemicals median
P/E n/m 78.61 24.83
P/S 4.98 2.02 1.46
P/B 3.78 1.56 1.76
Price to free cash flow n/m 39.23 19.84
EV/EBITDA 83.44 15.35 13.18
EV/Sales 6.30 2.49 1.84
Earnings yield (0.08%) 1.27% 2.11%
Free cash flow yield (0.17%) 2.55% 2.29%

Profitability

Metric APD IFF Specialty Chemicals median
Gross margin 32.06% 36.50% 29.23%
Operating margin (4.71%) 7.48% 3.63%
Net margin (0.38%) 2.56% 2.89%
Free cash flow margin (0.86%) 5.15% 3.78%
Return on equity (0.28%) 1.95% 3.62%
Return on assets (0.12%) 1.08% 0.35%
Return on invested capital (1.12%) 2.65% 2.75%

Growth

Metric APD IFF Specialty Chemicals median
Revenue growth (TTM) 4.51% 3.49% 4.51%
EPS growth (last fiscal year) (110.30%) (253.68%) —
Revenue growth, 5-year CAGR 6.33% 16.46% 6.30%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APD IFF Specialty Chemicals median
Debt to equity 1.06 0.41 0.54
Current ratio 1.08 2.06 1.94
Net debt to EBITDA 23.00 7.16 2.03

Dividend

Metric APD IFF Specialty Chemicals median
Dividend yield 3.24% 4.00% 1.69%
Payout ratio 0.69 1.24 0.25

Size

Metric APD IFF Specialty Chemicals median
Market cap 63.35b 21.90b 2.43b

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