Syensqo SA/NV

SYENS.BR

Chemicals · Basic Materials

Price

€80.45

+0.90 (+1.13%)

Market Cap

€8.20B

Exchange

Euronext Brussels

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 9, 2026 · filings through Jun 30, 2026

Share count falling — buybacks

−2.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 105.9M (2021) → 103.3M (2025)

Syensqo is a Belgian specialty chemicals company that was spun off from Solvay in late 2023. It makes advanced materials and chemicals used in industries like aerospace, electric vehicles, electronics, and healthcare. Its products include high-performance polymers, composites, and specialty fluids that help manufacturers build lighter, stronger, or more efficient products.

The company earns revenue by selling specialty chemical products and materials to industrial customers around the world, with a significant presence in Europe, North America, and Asia. Its competitive edge comes from proprietary formulations and deep technical relationships with customers in demanding industries, where switching suppliers is costly and slow. However, Syensqo's negative ROIC and thin operating margins reflect the challenges of its early years as a standalone company, and its main risks include weak industrial demand, high input costs, and the pressure to prove it can generate consistent returns as it continues to restructure and find its footing independently.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-51.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$295M/ year

↓ Declining (-14% vs prior year)

5.1% of revenue

1.7x the sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

34.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$923M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Syensqo SA/NV's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

30.3%

Modest — 30.3% gross margin

Operating Margin

8.0%

Modest — 8.0% operating margin

ROCE

1.4%

Weak — 1.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

-12.4%

Shrinking sales (-12.4% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

5.8%

Thin free cash flow (5.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.46

Conservative — low debt load (0.46)

Interest Cover

2.96x

Tight — interest eats into profit (3.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

2.01%

Moderate income — 2.01% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

N/A

Data not available

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