company background image
ECVT

Ecovyst NYSE:ECVT Stock Report

Last Price

US$9.97

Market Cap

US$1.4b

7D

4.4%

1Y

-35.0%

Updated

26 Jun, 2022

Data

Company Financials +
ECVT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health2/6
Dividends2/6

ECVT Stock Overview

Ecovyst Inc. provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally.

Ecovyst Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ecovyst
Historical stock prices
Current Share PriceUS$9.97
52 Week HighUS$17.29
52 Week LowUS$9.12
Beta0.80
1 Month Change-3.76%
3 Month Change-16.29%
1 Year Change-35.01%
3 Year Change-37.10%
5 Year Changen/a
Change since IPO-42.20%

Recent News & Updates

Jun 07

Ecovyst: Beneficial 2022 Guidance Implies Higher Price Marks

Ecovyst, a global provider of specialty catalysts and services, claims to have a nearly 200-year history of innovation in its most recent annual report. In my view, if Ecovyst successfully signs new long-term contract agreements and product supply arrangements with partners, revenue growth will continue. Considering that management signed agreements with massive conglomerates in the United States, Ecovyst will likely be able to partner with other clients elsewhere.

May 29

Ecovyst's Massive Buyback Plan Will Boost The Fair Value Per Share

Ecovyst is an important supplier to US refineries and plastic manufacturers. The company has reshaped itself after divesting several business divisions. The debt ratio has reached the desired level and almost the entire free cash flow to be generated over the next four years will be spent on share buybacks. At the current share price, the company could easily repurchase a third of its shares. This should positively impact the value of the remaining shares.

May 02
An Intrinsic Calculation For Ecovyst Inc. (NYSE:ECVT) Suggests It's 44% Undervalued

An Intrinsic Calculation For Ecovyst Inc. (NYSE:ECVT) Suggests It's 44% Undervalued

Does the May share price for Ecovyst Inc. ( NYSE:ECVT ) reflect what it's really worth? Today, we will estimate the...

Shareholder Returns

ECVTUS ChemicalsUS Market
7D4.4%3.6%6.6%
1Y-35.0%-8.4%-18.4%

Return vs Industry: ECVT underperformed the US Chemicals industry which returned -8.4% over the past year.

Return vs Market: ECVT underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is ECVT's price volatile compared to industry and market?
ECVT volatility
ECVT Average Weekly Movement5.7%
Chemicals Industry Average Movement7.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: ECVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ECVT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1831833Kurt Bittinghttps://www.ecovyst.com

Ecovyst Inc. provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers sulfuric acid recycling services for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.

Ecovyst Fundamentals Summary

How do Ecovyst's earnings and revenue compare to its market cap?
ECVT fundamental statistics
Market CapUS$1.38b
Earnings (TTM)US$12.42m
Revenue (TTM)US$664.29m

111.4x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ECVT income statement (TTM)
RevenueUS$664.29m
Cost of RevenueUS$470.01m
Gross ProfitUS$194.28m
Other ExpensesUS$181.86m
EarningsUS$12.42m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.09
Gross Margin29.24%
Net Profit Margin1.87%
Debt/Equity Ratio115.0%

How did ECVT perform over the long term?

See historical performance and comparison

Dividends

32.1%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ECVT 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/Revenue3.3x
Enterprise Value/EBITDA13.9x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does ECVT's PE Ratio compare to its peers?

ECVT PE Ratio vs Peers
The above table shows the PE ratio for ECVT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average46x
VHI Valhi
7.9xn/aUS$1.3b
MTX Minerals Technologies
11.9x11.4%US$2.0b
GCP GCP Applied Technologies
142.3xn/aUS$2.3b
IOSP Innospec
21.9x18.5%US$2.3b
ECVT Ecovyst
111.4x81.4%US$1.4b

Price-To-Earnings vs Peers: ECVT is expensive based on its Price-To-Earnings Ratio (111.4x) compared to the peer average (46x).


Price to Earnings Ratio vs Industry

How does ECVT's PE Ratio compare vs other companies in the US Chemicals Industry?

Price-To-Earnings vs Industry: ECVT is expensive based on its Price-To-Earnings Ratio (111.4x) compared to the US Chemicals industry average (16.1x)


Price to Earnings Ratio vs Fair Ratio

What is ECVT'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.

ECVT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio111.4x
Fair PE Ratio79x

Price-To-Earnings vs Fair Ratio: ECVT is expensive based on its Price-To-Earnings Ratio (111.4x) compared to the estimated Fair Price-To-Earnings Ratio (79x).


Share Price vs Fair Value

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

Below Fair Value: ECVT ($9.97) is trading below our estimate of fair value ($21.11)

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


Price to Earnings Growth Ratio

PEG Ratio: ECVT is poor value based on its PEG Ratio (1.4x)


Discover undervalued companies

Future Growth

How is Ecovyst forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


81.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECVT's forecast earnings growth (81.4% per year) is above the savings rate (1.9%).

Earnings vs Market: ECVT's earnings (81.4% per year) are forecast to grow faster than the US market (13.9% per year).

High Growth Earnings: ECVT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ECVT's revenue (5.8% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: ECVT's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ECVT's Return on Equity is forecast to be low in 3 years time (15.4%).


Discover growth companies

Past Performance

How has Ecovyst performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ECVT has a large one-off loss of $34.2M impacting its March 31 2022 financial results.

Growing Profit Margin: ECVT's current net profit margins (1.9%) are lower than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: ECVT has become profitable over the past 5 years, growing earnings by 5% per year.

Accelerating Growth: ECVT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ECVT had negative earnings growth (-77.4%) over the past year, making it difficult to compare to the Chemicals industry average (30.2%).


Return on Equity

High ROE: ECVT's Return on Equity (1.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Ecovyst's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ECVT's short term assets ($302.3M) exceed its short term liabilities ($113.1M).

Long Term Liabilities: ECVT's short term assets ($302.3M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: ECVT's net debt to equity ratio (97.7%) is considered high.

Reducing Debt: ECVT's debt to equity ratio has reduced from 247.6% to 115% over the past 5 years.

Debt Coverage: ECVT's debt is not well covered by operating cash flow (13.5%).

Interest Coverage: ECVT's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Ecovyst current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


32.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ECVT's dividend (32.1%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: ECVT's dividend (32.1%) is in the top 25% of dividend payers in the US market (4.24%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ECVT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ECVT's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (731.4%), ECVT's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Kurt Bitting (45 yo)

0.17

Tenure

US$1,917,086

Compensation

Mr. Kurt J. Bitting serves as Chief Executive Officer and Director at Ecovyst Inc. since April 25, 2022 and served as its Vice President and President of Refining Services since March 2019. From September...


CEO Compensation Analysis

Compensation vs Market: Kurt's total compensation ($USD1.92M) is below average for companies of similar size in the US market ($USD5.47M).

Compensation vs Earnings: Kurt's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: ECVT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: ECVT's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ECVT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ecovyst Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ecovyst Inc.
  • Ticker: ECVT
  • Exchange: NYSE
  • Founded: 1831
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: US$1.383b
  • Shares outstanding: 138.70m
  • Website: https://www.ecovyst.com

Number of Employees


Location

  • Ecovyst Inc.
  • Valleybrooke Corporate Center
  • 300 Lindenwood Drive
  • Malvern
  • Pennsylvania
  • 19355-1740
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.