ECVT Stock Overview
Ecovyst Inc. provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.97|
|52 Week High||US$17.29|
|52 Week Low||US$9.12|
|1 Month Change||-3.76%|
|3 Month Change||-16.29%|
|1 Year Change||-35.01%|
|3 Year Change||-37.10%|
|5 Year Change||n/a|
|Change since IPO||-42.20%|
Recent News & Updates
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.
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.
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...
|ECVT||US Chemicals||US Market|
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.
|ECVT Average Weekly Movement||5.7%|
|Chemicals Industry Average Movement||7.0%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.6%|
|10% least volatile stocks in US Market||3.2%|
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
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
|ECVT fundamental statistics|
Is ECVT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ECVT income statement (TTM)|
|Cost of Revenue||US$470.01m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.09|
|Net Profit Margin||1.87%|
How did ECVT perform over the long term?See historical performance and comparison
32.1%Current Dividend Yield
Is ECVT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is ECVT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ECVT's PE Ratio compare to its peers?
|ECVT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MTX Minerals Technologies
GCP GCP Applied Technologies
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.
|Current PE Ratio||111.4x|
|Fair PE Ratio||79x|
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)
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How is Ecovyst forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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%).
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How has Ecovyst performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Ecovyst's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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 ($1.1B).
Debt to Equity History and Analysis
Debt Level: ECVT's net debt to equity ratio (97.7%) is considered high.
Reducing Debt: ECVT's debt to equity ratio has reduced from 247.6% to 115% over the past 5 years.
Debt Coverage: ECVT's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: ECVT's interest payments on its debt are not well covered by EBIT (2.2x coverage).
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What is Ecovyst current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ECVT's dividend (32.1%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: ECVT's dividend (32.1%) is in the top 25% of dividend payers in the US market (4.24%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether ECVT's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if ECVT's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (731.4%), ECVT's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kurt Bitting (45 yo)
Mr. Kurt J. Bitting serves as Chief Executive Officer and Director at Ecovyst Inc. since April 25, 2022 and served as its Vice President and President of Refining Services since March 2019. From September...
CEO Compensation Analysis
Compensation vs Market: Kurt's total compensation ($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.
Experienced Management: ECVT's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: ECVT's board of directors are considered experienced (7.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ecovyst Inc.'s employee growth, exchange listings and data sources
- 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
- Ecovyst Inc.
- Valleybrooke Corporate Center
- 300 Lindenwood Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.