Report
Andrew Lane
EUR 100.00 For Business Accounts Only

With its restructuring program complete, margin expansion will prove more challenging for Sensient.

Sensient Technologies reported mixed fourth-quarter results, as the final restructuring transition for a North American plant drove expenses above our prior expectations. This, combined with weak demand for yogurt and ice cream product lines, drove disappointing results in the Flavors & Fragrances segment. Regardless, our long-term profit outlook is effectively unchanged. Our fair value estimate rises to $75 per share from $74 due to time value of money effects. Our narrow-moat rating is unc...
Underlying
Sensient Technologies Corporation

Sensient Technologies is a manufacturer and marketer of colors, flavors and fragrances. The company's three reportable segments are: Flavors & Fragrances Group, which develops, manufactures, and supplies flavor and fragrance systems for the food, beverage, personal care, and household-products industries; Color Group, which provides natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals, colors and other ingredients for cosmetics; and Asia Pacific Group, which provides a range of products from its Flavors & Fragrances Group and Color Group, as well as products developed by regional technical teams to appeal to local preferences.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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