Professional
Added to YB: 2024-07-16
Pitch date: 2024-07-15
DSFIR.AS [bullish]
DSM-Firmenich AG
-34.85%
current return
Author Info
Upslope Capital is an alternative investment management firm based in Colorado. They manage a global long/short public equity investment strategy. Follow on Twitter/X.
Company Info
DSM-Firmenich AG provides nutrition, health, and beauty solutions in Switzerland, the Netherlands, rest of Europe, the Middle East and Africa, North America, Latin America, China, and rest of Asia.
Market Cap
EUR 18.0B
Pitch Price
EUR 104.65
Price Target
N/A
Dividend
3.54%
EV/EBITDA
9.17
P/E
26.03
EV/Sales
1.59
Sector
Chemicals
Category
special_situation
Upslope Capital Management New Position: DSM-Firmenich AG
DSFIR.AS: Global specialty ingredients co. post-transformation. Sold Materials unit €3.9B, bought Firmenich €14B, divesting Animal Nutrition. 3 segments: perfumery, F&B, health. Attractive at 15x NTM EBITDA vs peers 17-25x. Catalysts: Animal unit sale, vitamin recovery, Firmenich integration, deleveraging. Risks: integration, divestiture execution, FX, EM exposure.
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