Givaudan SA (GIVN) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Givaudan SA stock CHF 1,554, price CHF 4,065, that is 61.8% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range CHF 2,507 – CHF 4,463 · fair‑value band CHF 1,023 – CHF 2,195 · the CHF 4,065 price screens above the CHF 1,554 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Givaudan SA engages in the manufacture, supply, and sale of fragrance, beauty, taste, and wellbeing products to the consumer goods industry. It operates in two divisions, Fragrance & Beauty, and Taste & Wellbeing.
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The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.
The Taste & Wellbeing division provides beverages, such as fizzy drinks, bottled waters, ready-to-drink juices, and alcoholic drinks; dairy and cheese products, including dairy drinks, yoghurt, ice cream, chilled desserts, cream cheese, and spreads; snacks; givaudan flavour ingredients; savory, and supplements and nutraceutical products; and biscuits, crackers, and cereals, as well as confectionery products, such as chewing gums, chocolates, and sweets.
It operates in Switzerland, Europe, Africa, the Middle East, North America, Latin America, and the Asia Pacific. Givaudan SA was founded in 1796 and is headquartered in Vernier, Switzerland.
Stock analysis
Givaudan SA (GIVN) currently trades at CHF 4,065, while our model-based Fair Value estimate is CHF 1,554, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of CHF 1,831 per share, and 0 of the 23 models we run sit above the CHF 4,065 price.
Bear case: the Economic Profit group reads lowest at CHF 1,155, and 23 of the 23 models stay below the price. Data coverage for this calculation is high.
Scenario range: CHF 1,023 (bear) to CHF 2,195 (bull), the price of CHF 4,065 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Givaudan SA reported revenue of CHF 7.5B in FY2025 versus CHF 6.7B in FY2021, a compound +2.8%/yr. Reported net income was CHF 1.1B in FY2025, compounding +6.9%/yr from FY2021.
Key figures
Market cap CHF 37.5B Large · P/E ratio 39.6 · P/S ratio 5.07 · EPS (TTM) CHF 102.70 · Dividend yield 1.8% · Net margin 12.9% · Return on equity 22.3% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at −62%, GIVN screens richer than that median.
Fair Value models
BearCHF 1,023Fair Value CHF 1,554BullCHF 2,195
Price CHF 4,065 · Downside -61.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (CHF 26.41 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
Start year 2020 (pandemic). Over 10 years: +5.4% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.6%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.6% vs 5.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 19%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Switzerland: IMF forecast 0.6% a year to 2030, 0.8% from 2016 to 2025) that is about +14.0% a year for the price and +4.3% for the forecasts.
AI conclusion: Solid margins and returns form the main strength, while insufficient qualitative signals restrict the moat assessment to average without confirming durability.
Main risk: Ongoing antitrust lawsuits accusing Givaudan and peers of fixing prices for fragrance ingredients could lead to legal costs, settlements or restrictions that raise expenses and limit pricing flexibility for customers in consumer goods.
Bull case: By investing in sustainable and differentiated ingredients Givaudan could strengthen customer ties and navigate regulatory pressures to maintain its leadership in high-value fragrances and flavors.
Bear case: If antitrust cases result in significant fines or forced changes to pricing practices Givaudan might face higher compliance burdens and reduced margins in its core fragrance business.
Givaudan opened a fragrance development hub in Casablanca this September to speed up local innovation and serve customers across the fast-growing SAMEA region. The step supports its 2030 strategy of optimising core strengths while building closer ties in high-potential markets, even as the Taste and Wellbeing division contends with softer demand. Will the regional fragrance push deliver enough momentum to offset uneven results elsewhere?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 725 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−61.8% · Bottom 25%
Profitability
Return on equity (12 months)22.3% · Top 25%
Return on assets9.0% · Top 25%
Net margin (12 months)12.9% · Top 25%
Operating margin (12 months)18.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.7% · Bottom 25%
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.85× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)39.6× · Priciest 25%
P/B8.27× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)5.07× · Priciest 25%
Price / free cash flow (fiscal year)31.1× · Pricier than median
EV/EBITDA25.7× · Priciest 25%
PEG4.57× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 67
PAST (return on equity)89· sector 27
HEALTH (low debt)58· sector 95
DIVIDEND (yield)35· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Givaudan SA Fair Value". https://www.fairvalue-calculator.com/stock/GIVN
Frequently asked questions
Is Givaudan SA (GIVN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of CHF 1,554 versus a price of CHF 4,065, about 62% lower (overvalued).
What is the fair value of GIVN?
Our model-based fair value for Givaudan SA is CHF 1,554 (as of Nov 8, 2026), built from audited fundamentals. The current price: CHF 4,065.
What is the quality score of GIVN?
Givaudan SA has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Givaudan SA (GIVN)?
Our model-based price target is the fair value of CHF 1,554 (as of Nov 8, 2026) from 23 valuation models. Cautious scenario CHF 1,023, optimistic scenario CHF 2,195. It is a calculation from audited fundamentals, not an analyst target.
What is the Givaudan SA stock forecast for 2026?
Our models put fair value at CHF 1,554, about 62% lower versus a price of CHF 4,065 (overvalued). Cautious scenario CHF 1,023, optimistic scenario CHF 2,195. The calculation is refreshed regularly with new filings.
What is the revenue of Givaudan SA (GIVN)?
Givaudan SA reported trailing-twelve-month revenue of about CHF 7.4B (latest available figure, as of Nov 8, 2026).
Does Givaudan SA pay a dividend?
Givaudan SA currently shows a dividend yield of 1.77% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Givaudan SA (GIVN) and when is the ex-dividend date?
Givaudan SA pays a dividend of CHF 72.00 per share a year, a dividend yield of 1.8%. The last ex-dividend date was Mar 23, 2026. A dividend has been paid every year since at least 2001. The payout ratio is 70.1% of earnings. Free cash flow covers the dividend 1.82 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Givaudan SA (GIVN)?
For today's price to be fair in a discounted-cash-flow model, Givaudan SA would have to grow free cash flow by +14.7 % per year for five years (discount rate 8.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of GIVN use?
Our models discount Givaudan SA at 8.2 %: a base by market capitalisation (large), damped by beta 0.62, country premium for Switzerland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Givaudan SA that is +14.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.2 %) and the same formula as our fair value.
How much growth has Givaudan SA (GIVN) delivered so far?
Over the past 5 years revenue at Givaudan SA grew +3.4 % a year. The price currently implies free-cash-flow growth of +14.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Givaudan SA (GIVN) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Givaudan SA (+14.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Givaudan SA (GIVN)?
The free-cash-flow yield on the price is 3.22 %: that much free cash flow Givaudan SA produces per unit of market value. When it exceeds the discount rate of our models (8.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Givaudan SA (GIVN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Givaudan SA it is CHF 1,554 per share (as of Nov 8, 2026), against a price of CHF 4,065. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Givaudan SA stock overvalued or undervalued in 2026?
As of Nov 8, 2026, GIVN trades above its calculated fair value: price CHF 4,065, fair value CHF 1,554, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GIVN?
No. The price is what the market pays today (CHF 4,065); the fair value is what the company's own numbers justify (CHF 1,554). For Givaudan SA the two are CHF 2,511 per share apart. That gap is exactly why we show both numbers side by side.
How much is Givaudan SA worth?
The market values Givaudan SA at about CHF 37.5B (market capitalisation, as of Nov 8, 2026). Per share that is CHF 4,065; our models calculate a fair value of CHF 1,554 per share.
What do the bullish and bearish scenarios say about GIVN?
Our models span a range for Givaudan SA: cautious scenario CHF 1,023, base CHF 1,554, optimistic CHF 2,195 per share (as of Nov 8, 2026, price CHF 4,065). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GIVN?
Givaudan SA trades at a price-to-earnings ratio of 39.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of CHF 1,554 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 32.8. Other multiples: PEG 4.6, P/B 8.3, P/S 5.1, EV/EBITDA 25.7.
What is the PEG ratio of GIVN?
The PEG ratio of Givaudan SA is 4.57 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Givaudan SA (GIVN)?
Balance-sheet figures for Givaudan SA (as of Nov 8, 2026): return on equity 22.3%, debt of 0.85 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is GIVN from its 52-week high?
Givaudan SA trades at CHF 4,065, about 1% below its 52-week high of CHF 4,105 and 56% above the low of CHF 2,606 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 1,554 is for.
Which stocks are comparable to Givaudan SA?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Givaudan SA stock attractive at the current price?
The data as of Nov 8, 2026: price CHF 4,065, calculated fair value CHF 1,554 (−62%), Quality Score 70/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GIVN calculated?
We run Givaudan SA through 23 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of CHF 1,554 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Givaudan SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Givaudan SA (GIVN)?
The closing price on Nov 9, 2026 was CHF 4,065. Our model-based fair value is CHF 1,554, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Givaudan SA right now?
The price sits above even our optimistic bull case (CHF 2,195). The favourable scenario is already priced in. Solid but not exceptional quality (70/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (CHF 1,023 to CHF 2,195) leaves room in how you read the outcome.
Where does the earnings growth of Givaudan SA (GIVN) come from?
Earnings per share at Givaudan SA grew +5.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.6 %, EBIT margin +0.6 %, tax rate +0.0 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Givaudan SA
How large is the market capitalisation of Givaudan SA (GIVN)?
The market capitalisation of Givaudan SA is CHF 37.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Givaudan SA (GIVN)?
The price-to-sales ratio of Givaudan SA is 5.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Givaudan SA (GIVN)?
Earnings per share at Givaudan SA are CHF 102.70 (price ÷ EPS = P/E 39.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Givaudan SA (GIVN)?
The dividend yield of Givaudan SA is 1.8% (payout 70.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Givaudan SA (GIVN)?
The net margin of Givaudan SA is 12.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Givaudan SA (GIVN)?
The return on equity (ROE) of Givaudan SA is 22.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Givaudan SA (GIVN)?
On an EBIT basis the return on assets of Givaudan SA is 10.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Givaudan SA (GIVN)?
The operating margin of Givaudan SA is 18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Givaudan SA (GIVN)?
Revenue at Givaudan SA is growing −1.7% versus a year earlier (3y avg +1.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Givaudan SA (GIVN)?
Earnings per share at Givaudan SA are growing −20.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Givaudan SA (GIVN) carry?
The net debt of Givaudan SA is CHF 3.7B (fiscal year 2025, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 8, 2026