The Moat Might Be Narrow, But Symrise Looks Undervalued (Rating Upgrade)

Core Insights - Symrise AG is a German mid-cap company recognized for its stability and interesting business model, focusing on high-quality companies that can outperform the market over the long term due to competitive advantages and defensibility [1] Company Analysis - The analysis emphasizes the importance of economic moats and high levels of defensibility in identifying companies that can deliver long-term market outperformance [1] - The focus is primarily on European and North American companies, without restrictions on market capitalization, covering both large-cap and small-cap firms [1] Analyst Background - The analyst has a Master's Degree in Sociology with a focus on organizational and economic sociology, and a Bachelor's Degree in Sociology and History, providing a strong academic foundation for the analysis [1]