When Great Smells Come at a Bad Price

Valuing Givaudan

This one’s for the nose and the numbers.

Two weeks ago, we introduced you to Givaudan — the Swiss scent-and-flavor giant that’s probably touched your life without you ever noticing. From your cola to your cologne, it’s all Givaudan. We called it one of the most quietly powerful businesses we’ve ever studied.

Last week, we took a hard look under the hood. Beneath the olfactory poetry lies a company wrestling with currency headwinds, rising input costs, and slowing reported growth. Not exactly a dream bouquet.

Today, we tie it all together. Is Givaudan still investable at today’s price? What kind of growth is baked in? And how much would need to go right — or wrong — for it to be worth your while?

To answer that, we ran the numbers.

👉 What follows is for our premium subscribers.
If you're still on the fence:

• This is Part III of a full-blown deep dive

• Our analysis is independent, skin-in-the-game, and not afraid to challenge the obvious

• And we only hit publish when we think it’s worth your time and money

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