Givaudan S.A.

Givaudan is engaged in the fragrance and flavour industry. Co. provides its products to global, regional and local food, beverage, consumer goods and fragrance companies. Co. has two principal divisions: Fragrance, which manufactures and sales fragrances into three global business units: Fine Fragrances, Consumer Products, and Fragrance & Cosmetic Ingredients; and Flavour, which manufactures and sales fragrances into four business units: Beverages, Dairy, Savoury and Sweet Goods. In addition, Co. has distribution network in more than 40 countries.
  • TickerGIVN
  • ISINCH0010645932
  • ExchangeSix Swiss Exchange
  • SectorChemicals
  • CountrySwitzerland

Analysts

1 director sold

A director at Givaudan Sa sold 406 shares at 2,607.648CHF and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

Rob Hales

Morningstar | GIVN Updated Forecasts and Estimates from 10 Apr 2019

Wide-moat Givaudan burst out of the gate with like-for-like sales growth of 6.3% in the first quarter, well ahead of consensus and our expectations. We wouldn’t get too excited just yet, however, as this number captures the impact of rising raw material costs passed through to customers as well as currency devaluation in certain Latin American countries (hello Argentina!). Raw material inflation is expected to be 5%-6% in 2019 with a heavy emphasis on the oil-based fragrance side. In the first quarter, the fragrance side was the driver of like-for-like growth with an 8.7% increase over 2018 co...

Rob Hales

Morningstar | Givaudan Posts Stellar 1Q Growth Padded by Raw Material Pass-Through and Currency Devaluation

Wide-moat Givaudan burst out of the gate with like-for-like sales growth of 6.3% in the first quarter, well ahead of consensus and our expectations. We wouldn’t get too excited just yet, however, as this number captures the impact of rising raw material costs passed through to customers as well as currency devaluation in certain Latin American countries (hello Argentina!). Raw material inflation is expected to be 5%-6% in 2019 with a heavy emphasis on the oil-based fragrance side. In the first quarter, the fragrance side was the driver of like-for-like growth with an 8.7% increase over 2018 co...

Rob Hales

Givaudan Posts Stellar 1Q Growth Padded by Raw Material Pass-Through and Currency Devaluation

Wide-moat Givaudan burst out of the gate with like-for-like sales growth of 6.3% in the first quarter, well ahead of consensus and our expectations. We wouldn’t get too excited just yet, however, as this number captures the impact of rising raw material costs passed through to customers as well as currency devaluation in certain Latin American countries (hello Argentina!). Raw material inflation is expected to be 5%-6% in 2019 with a heavy emphasis on the oil-based fragrance side. In the first q...

Givaudan – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Rob Hales

Morningstar | GIVN Updated Forecasts and Estimates from 10 Apr 2019

Wide-moat Givaudan burst out of the gate with like-for-like sales growth of 6.3% in the first quarter, well ahead of consensus and our expectations. We wouldn’t get too excited just yet, however, as this number captures the impact of rising raw material costs passed through to customers as well as currency devaluation in certain Latin American countries (hello Argentina!). Raw material inflation is expected to be 5%-6% in 2019 with a heavy emphasis on the oil-based fragrance side. In the first quarter, the fragrance side was the driver of like-for-like growth with an 8.7% increase over 2018 co...

Rob Hales

Morningstar | Givaudan Posts Stellar 1Q Growth Padded by Raw Material Pass-Through and Currency Devaluation

Wide-moat Givaudan burst out of the gate with like-for-like sales growth of 6.3% in the first quarter, well ahead of consensus and our expectations. We wouldn’t get too excited just yet, however, as this number captures the impact of rising raw material costs passed through to customers as well as currency devaluation in certain Latin American countries (hello Argentina!). Raw material inflation is expected to be 5%-6% in 2019 with a heavy emphasis on the oil-based fragrance side. In the first quarter, the fragrance side was the driver of like-for-like growth with an 8.7% increase over 2018 co...

Rob Hales

Givaudan Posts Stellar 1Q Growth Padded by Raw Material Pass-Through and Currency Devaluation

Wide-moat Givaudan burst out of the gate with like-for-like sales growth of 6.3% in the first quarter, well ahead of consensus and our expectations. We wouldn’t get too excited just yet, however, as this number captures the impact of rising raw material costs passed through to customers as well as currency devaluation in certain Latin American countries (hello Argentina!). Raw material inflation is expected to be 5%-6% in 2019 with a heavy emphasis on the oil-based fragrance side. In the first q...

Rob Hales

Morningstar | Raw Material Inflation and Naturex Crimp Givaudan's Margins

Givaudan is the largest company in the global flavours and fragrances, or F&F, industry, with 25% market share. The company creates customised flavour and fragrance formulations from over 10,000 natural and synthetic raw materials for customers that manufacture consumer staples like food, beverages, and household-care products. F&F companies occupy a strong position in the value chain, as their formulations make up only a minute portion of the final product cost, but play a decisive role in the consumer’s purchasing decision. The company spends heavily on research and development as innovation...

Rob Hales

Raw Material Inflation and Naturex Crimp Givaudan's Margins

Wide-moat Givaudan reported slightly disappointing results, mainly due to margins. Organic growth of 5.3% in the fourth quarter and 5.6% for the full year beat consensus expectations and our estimates. However, the second-half EBITDA margin was down more than 250 basis points due to raw material inflation and the consolidation of Naturex. While both of these negative issues were well-known, the magnitude of the impact was somewhat surprising. Furthermore, these problems will not abate in the nea...

1 director sold

A director at Givaudan Sa sold 406 shares at 2,607.648CHF and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board m...

GIVAUDAN SA reduced its risk exposure resulting in an upgrade to Slightly Positive

GIVAUDAN SA (CH), a company active in the Specialty Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date November 23, 2018, the closing price was CHF 2,415.00 and its potential was estimated at CHF 2,565.44.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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Givaudan – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Analyse court terme - GIVAUDAN : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 2 472,50 CHF. La rupture du support à 2 258,50 CHF invaliderait cette tendance.

Valérie GASTALDY

Short term view - GIVAUDAN : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at CHF 2,472.50. Breaking below the support at CHF 2,258.50 would invalidate the trend.

Valérie GASTALDY

Analyse court terme - GIVAUDAN : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 2 358,00 CHF. La rupture du support à 1 955,85 CHF invaliderait cette tendance.

Valérie GASTALDY

Short term view - GIVAUDAN : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at CHF 2,358.00. Breaking below the support at CHF 1,955.85 would invalidate the trend.

Valérie GASTALDY

Medium term view - GIVAUDAN : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 2,411.00 and CHF 2,576.12. The trend would be invalidated below the support at CHF 2,004.61.

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