| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 412.40 | -52 |
| Intrinsic value (DCF) | 325.92 | -62 |
| Graham-Dodd Method | 274.20 | -68 |
| Graham Formula | 742.50 | -13 |
Robertet SA (LSE: 0NZN.L) is a leading global producer of perfumes, aromas, and natural products, headquartered in Grasse, France. Founded in 1850, the company operates across three key segments: Raw Materials, Fragrances, and Flavors, serving diverse industries including cosmetics, food & beverage, and pharmaceuticals. Robertet specializes in organic essential oils and active ingredients, leveraging its deep expertise in natural extraction and sustainable sourcing. With operations spanning North America, Europe, Asia Pacific, South America, the Caribbean, Africa, and the Middle East, Robertet has established itself as a trusted supplier in the industrial materials sector. The company’s commitment to innovation and quality has positioned it as a key player in the basic materials industry, catering to high-end fragrance and flavor markets. Its long-standing heritage and vertically integrated supply chain provide a competitive edge in delivering premium natural ingredients.
Robertet SA presents a stable investment opportunity with a market capitalization of €1.67 billion and a low beta of 0.25, indicating lower volatility compared to the broader market. The company reported €807.6 million in revenue and €90.1 million in net income for the latest fiscal period, with a diluted EPS of €43.05. Operating cash flow stands at €112.4 million, supporting a healthy dividend payout of €8.5 per share. However, investors should note the company’s moderate debt levels (€291.2 million) and capital expenditures (€38.6 million). Robertet’s strong position in natural fragrances and flavors, combined with its global footprint, makes it an attractive play in the specialty chemicals sector, though growth may be constrained by reliance on niche markets and raw material price fluctuations.
Robertet SA competes in the highly specialized fragrance and flavor industry, where differentiation is driven by natural and organic product offerings. The company’s competitive advantage lies in its heritage, sustainable sourcing, and expertise in essential oils, which appeal to premium cosmetic and food manufacturers. Unlike synthetic-focused competitors, Robertet emphasizes natural extraction methods, catering to the growing demand for clean-label ingredients. Its vertically integrated supply chain ensures quality control and cost efficiency, though it faces challenges from larger, diversified chemical firms with greater R&D budgets. The company’s focus on high-margin niche segments (e.g., organic aromas) shields it somewhat from price wars but limits scalability. Geographic diversification helps mitigate regional demand risks, but competition from local players in emerging markets remains a threat. Robertet’s smaller scale compared to industry giants means it must rely on agility and customer relationships rather than economies of scale.