DSM-FIRMENICH AG (DSFIR.AS) Fundamental Analysis & Valuation

AMS:DSFIR • CH1216478797

56.84 EUR
-0.48 (-0.84%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This DSFIR.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

DSFIR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 67 industry peers in the Chemicals industry. DSFIR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. DSFIR has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

2

1. DSFIR.AS Profitability Analysis

1.1 Basic Checks

  • In the past year DSFIR was profitable.
  • In the past year DSFIR had a positive cash flow from operations.
DSFIR.AS Yearly Net Income VS EBIT VS OCF VS FCFDSFIR.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2021 2022 2023 2024 0 500M 1B 1.5B 2B

1.2 Ratios

  • DSFIR has a Return On Assets (0.77%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 1.17%, DSFIR is in line with its industry, outperforming 49.25% of the companies in the same industry.
  • DSFIR has a worse Return On Invested Capital (1.27%) than 64.18% of its industry peers.
Industry RankSector Rank
ROA 0.77%
ROE 1.17%
ROIC 1.27%
ROA(3y)5.56%
ROA(5y)N/A
ROE(3y)8.73%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
DSFIR.AS Yearly ROA, ROE, ROICDSFIR.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 0 5 10 15

1.3 Margins

  • DSFIR's Profit Margin of 1.95% is in line compared to the rest of the industry. DSFIR outperforms 53.73% of its industry peers.
  • In the last couple of years the Profit Margin of DSFIR has declined.
  • With a Operating Margin value of 4.38%, DSFIR perfoms like the industry average, outperforming 46.27% of the companies in the same industry.
  • DSFIR's Operating Margin has declined in the last couple of years.
  • The Gross Margin of DSFIR (33.17%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of DSFIR has declined.
Industry RankSector Rank
OM 4.38%
PM (TTM) 1.95%
GM 33.17%
OM growth 3Y-15.02%
OM growth 5YN/A
PM growth 3Y-36.48%
PM growth 5YN/A
GM growth 3Y-3.22%
GM growth 5YN/A
DSFIR.AS Yearly Profit, Operating, Gross MarginsDSFIR.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2021 2022 2023 2024 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. DSFIR.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), DSFIR is destroying value.
  • DSFIR has about the same amout of shares outstanding than it did 1 year ago.
  • The debt/assets ratio for DSFIR is higher compared to a year ago.
DSFIR.AS Yearly Shares OutstandingDSFIR.AS Yearly Shares OutstandingYearly Shares Outstanding 2022 2023 2024 50M 100M 150M 200M 250M
DSFIR.AS Yearly Total Debt VS Total AssetsDSFIR.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • DSFIR has an Altman-Z score of 1.93. This is not the best score and indicates that DSFIR is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of DSFIR (1.93) is comparable to the rest of the industry.
  • The Debt to FCF ratio of DSFIR is 7.12, which is on the high side as it means it would take DSFIR, 7.12 years of fcf income to pay off all of its debts.
  • DSFIR has a Debt to FCF ratio of 7.12. This is comparable to the rest of the industry: DSFIR outperforms 59.70% of its industry peers.
  • A Debt/Equity ratio of 0.24 indicates that DSFIR is not too dependend on debt financing.
  • DSFIR's Debt to Equity ratio of 0.24 is fine compared to the rest of the industry. DSFIR outperforms 65.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 7.12
Altman-Z 1.93
ROIC/WACC0.33
WACC3.9%
DSFIR.AS Yearly LT Debt VS Equity VS FCFDSFIR.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 2.69 indicates that DSFIR has no problem at all paying its short term obligations.
  • DSFIR's Current ratio of 2.69 is amongst the best of the industry. DSFIR outperforms 82.09% of its industry peers.
  • A Quick Ratio of 1.74 indicates that DSFIR should not have too much problems paying its short term obligations.
  • DSFIR has a better Quick ratio (1.74) than 80.60% of its industry peers.
Industry RankSector Rank
Current Ratio 2.69
Quick Ratio 1.74
DSFIR.AS Yearly Current Assets VS Current LiabilitesDSFIR.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DSFIR.AS Growth Analysis

3.1 Past

  • DSFIR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -89.70%.
  • The earnings per share for DSFIR have been decreasing by -45.42% on average. This is quite bad
  • DSFIR shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.44%.
  • Measured over the past years, DSFIR shows a small growth in Revenue. The Revenue has been growing by 3.80% on average per year.
EPS 1Y (TTM)-89.7%
EPS 3Y-45.42%
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)20.44%
Revenue growth 3Y3.8%
Revenue growth 5YN/A
Sales Q2Q%0.28%

3.2 Future

  • Based on estimates for the next years, DSFIR will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.83% on average per year.
  • Based on estimates for the next years, DSFIR will show a decrease in Revenue. The Revenue will decrease by -3.61% on average per year.
EPS Next Y15.67%
EPS Next 2Y6.82%
EPS Next 3Y8.87%
EPS Next 5Y9.83%
Revenue Next Year-1.6%
Revenue Next 2Y-8.85%
Revenue Next 3Y-4.37%
Revenue Next 5Y-3.61%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DSFIR.AS Yearly Revenue VS EstimatesDSFIR.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2B 4B 6B 8B 10B
DSFIR.AS Yearly EPS VS EstimatesDSFIR.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2 4 6

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3

4. DSFIR.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 60.47, which means the current valuation is very expensive for DSFIR.
  • 62.69% of the companies in the same industry are cheaper than DSFIR, based on the Price/Earnings ratio.
  • DSFIR is valuated expensively when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
  • DSFIR is valuated correctly with a Price/Forward Earnings ratio of 15.33.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DSFIR indicates a somewhat cheap valuation: DSFIR is cheaper than 67.16% of the companies listed in the same industry.
  • DSFIR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.65, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 60.47
Fwd PE 15.33
DSFIR.AS Price Earnings VS Forward Price EarningsDSFIR.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DSFIR is valued a bit cheaper than the industry average as 64.18% of the companies are valued more expensively.
  • DSFIR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DSFIR is cheaper than 67.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.92
EV/EBITDA 8.97
DSFIR.AS Per share dataDSFIR.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DSFIR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.86
PEG (5Y)N/A
EPS Next 2Y6.82%
EPS Next 3Y8.87%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. DSFIR.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.28%, DSFIR is a good candidate for dividend investing.
  • DSFIR's Dividend Yield is rather good when compared to the industry average which is at 2.29. DSFIR pays more dividend than 83.58% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, DSFIR pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.28%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
DSFIR.AS Yearly Dividends per shareDSFIR.AS Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 286.40% of the earnings are spent on dividend by DSFIR. This is not a sustainable payout ratio.
DP286.4%
EPS Next 2Y6.82%
EPS Next 3Y8.87%
DSFIR.AS Yearly Income VS Free CF VS DividendDSFIR.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2021 2022 2023 2024 500M 1B 1.5B 2B
DSFIR.AS Dividend Payout.DSFIR.AS Dividend Payout, showing the Payout Ratio.DSFIR.AS Dividend Payout.PayoutRetained Earnings

More info and screens

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DSFIR.AS Fundamentals: All Metrics, Ratios and Statistics

DSM-FIRMENICH AG

AMS:DSFIR (3/9/2026, 7:00:00 PM)

56.84

-0.48 (-0.84%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners33.03%
Inst Owner ChangeN/A
Ins Owners9.49%
Ins Owner ChangeN/A
Market Cap14.42B
Revenue(TTM)12.80B
Net Income(TTM)250.00M
Analysts77.42
Price Target88.53 (55.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.28%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP286.4%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.51%
Min Revenue beat(2)-3.56%
Max Revenue beat(2)-3.46%
Revenue beat(4)0
Avg Revenue beat(4)-3.4%
Min Revenue beat(4)-4.12%
Max Revenue beat(4)-2.47%
Revenue beat(8)1
Avg Revenue beat(8)-2.68%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-9.35%
PT rev (3m)-14.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.24%
EPS NY rev (3m)-2.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE 60.47
Fwd PE 15.33
P/S 1.13
P/FCF 18.92
P/OCF 9.07
P/B 0.68
P/tB 3.01
EV/EBITDA 8.97
EPS(TTM)0.94
EY1.65%
EPS(NY)3.71
Fwd EY6.52%
FCF(TTM)3
FCFY5.29%
OCF(TTM)6.27
OCFY11.03%
SpS50.46
BVpS84.19
TBVpS18.88
PEG (NY)3.86
PEG (5Y)N/A
Graham Number42.2
Profitability
Industry RankSector Rank
ROA 0.77%
ROE 1.17%
ROCE 1.94%
ROIC 1.27%
ROICexc 1.41%
ROICexgc 3.87%
OM 4.38%
PM (TTM) 1.95%
GM 33.17%
FCFM 5.95%
ROA(3y)5.56%
ROA(5y)N/A
ROE(3y)8.73%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-15.02%
OM growth 5YN/A
PM growth 3Y-36.48%
PM growth 5YN/A
GM growth 3Y-3.22%
GM growth 5YN/A
F-Score7
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0.24
Debt/FCF 7.12
Debt/EBITDA 2.72
Cap/Depr 61.7%
Cap/Sales 6.47%
Interest Coverage 7.37
Cash Conversion 83.6%
Profit Quality 304.8%
Current Ratio 2.69
Quick Ratio 1.74
Altman-Z 1.93
F-Score7
WACC3.9%
ROIC/WACC0.33
Cap/Depr(3y)68.18%
Cap/Depr(5y)N/A
Cap/Sales(3y)6.69%
Cap/Sales(5y)N/A
Profit Quality(3y)150.6%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-89.7%
EPS 3Y-45.42%
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y15.67%
EPS Next 2Y6.82%
EPS Next 3Y8.87%
EPS Next 5Y9.83%
Revenue 1Y (TTM)20.44%
Revenue growth 3Y3.8%
Revenue growth 5YN/A
Sales Q2Q%0.28%
Revenue Next Year-1.6%
Revenue Next 2Y-8.85%
Revenue Next 3Y-4.37%
Revenue Next 5Y-3.61%
EBIT growth 1Y226.7%
EBIT growth 3Y-11.79%
EBIT growth 5YN/A
EBIT Next Year129.04%
EBIT Next 3Y28.36%
EBIT Next 5Y18.59%
FCF growth 1Y160.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y65.8%
OCF growth 3YN/A
OCF growth 5YN/A

DSM-FIRMENICH AG / DSFIR.AS FAQ

What is the ChartMill fundamental rating of DSM-FIRMENICH AG (DSFIR.AS) stock?

ChartMill assigns a fundamental rating of 3 / 10 to DSFIR.AS.


Can you provide the valuation status for DSM-FIRMENICH AG?

ChartMill assigns a valuation rating of 3 / 10 to DSM-FIRMENICH AG (DSFIR.AS). This can be considered as Overvalued.


What is the profitability of DSFIR stock?

DSM-FIRMENICH AG (DSFIR.AS) has a profitability rating of 2 / 10.


What is the expected EPS growth for DSM-FIRMENICH AG (DSFIR.AS) stock?

The Earnings per Share (EPS) of DSM-FIRMENICH AG (DSFIR.AS) is expected to grow by 15.67% in the next year.


Is the dividend of DSM-FIRMENICH AG sustainable?

The dividend rating of DSM-FIRMENICH AG (DSFIR.AS) is 5 / 10 and the dividend payout ratio is 286.4%.