Ingevity Valuation

Is NGVT * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NGVT * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NGVT * (MX$1430) is trading below our estimate of fair value (MX$3391.08)

Significantly Below Fair Value: NGVT * is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NGVT *?

Key metric: As NGVT * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NGVT *. This is calculated by dividing NGVT *'s market cap by their current earnings.
What is NGVT *'s PE Ratio?
PE Ratio	9.7x
Earnings	US$201.50m
Market Cap	US$1.96b

NGVT * key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	7.9x
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does NGVT *'s PE Ratio compare to its peers?

The above table shows the PE ratio for NGVT * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	9.5x
ORBIA * Orbia Advance Corporation. de	11.8x	18.4%	Mex$33.2b
GCC * GCC. de	8.7x	-1.6%	Mex$56.9b
CMOCTEZ * Corporación Moctezuma. de	9.6x	2.5%	Mex$64.1b
CYDSASA A Cydsa. de	8x	20.9%	Mex$9.0b
NGVT * Ingevity	9.7x	15.3%	Mex$2.0b

Price-To-Earnings vs Peers: NGVT * is expensive based on its Price-To-Earnings Ratio (9.7x) compared to the peer average (8.3x).

Price to Earnings Ratio vs Industry

How does NGVT *'s PE Ratio compare vs other companies in the Global Chemicals Industry?

37 Companies	Price / Earnings	Estimated Growth	Market Cap

37 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: NGVT * is good value based on its Price-To-Earnings Ratio (9.7x) compared to the Global Chemicals industry average (21.2x).

Price to Earnings Ratio vs Fair Ratio

What is NGVT *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NGVT * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NGVT *'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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