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NGVT

Ingevity NYSE:NGVT Stock Report

Last Price

US$63.72

Market Cap

US$2.5b

7D

1.8%

1Y

-20.1%

Updated

28 Jun, 2022

Data

Company Financials +
NGVT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance1/6
Financial Health4/6
Dividends0/6

NGVT Stock Overview

Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America.

Ingevity Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ingevity
Historical stock prices
Current Share PriceUS$63.72
52 Week HighUS$88.58
52 Week LowUS$56.31
Beta1.96
1 Month Change-9.30%
3 Month Change-2.01%
1 Year Change-20.07%
3 Year Change-38.30%
5 Year Change12.62%
Change since IPO137.23%

Recent News & Updates

Jun 05
Ingevity (NYSE:NGVT) Will Want To Turn Around Its Return Trends

Ingevity (NYSE:NGVT) Will Want To Turn Around Its Return Trends

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

May 20
What Does Ingevity Corporation's (NYSE:NGVT) Share Price Indicate?

What Does Ingevity Corporation's (NYSE:NGVT) Share Price Indicate?

Ingevity Corporation ( NYSE:NGVT ), might not be a large cap stock, but it led the NYSE gainers with a relatively large...

May 03

Ingevity: Well-Diversified ESG Chemicals Company To Put On Watchlist

Ingevity is a small, niche, specialty chemicals producer with fairly strong fundamentals, but a few issues to consider. As the price falls, the valuation becomes much more enticing. If issues begin to be offset over the next few quarters, I believe the company is worth further consideration.

Shareholder Returns

NGVTUS ChemicalsUS Market
7D1.8%-0.05%1.7%
1Y-20.1%-10.0%-20.4%

Return vs Industry: NGVT underperformed the US Chemicals industry which returned -9% over the past year.

Return vs Market: NGVT underperformed the US Market which returned -18.8% over the past year.

Price Volatility

Is NGVT's price volatile compared to industry and market?
NGVT volatility
NGVT Average Weekly Movement5.2%
Chemicals Industry Average Movement7.1%
Market Average Movement8.0%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: NGVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NGVT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19641,850John Fortsonhttps://www.ingevity.com

Ingevity Corporation manufactures and sells specialty chemicals and activated carbon materials in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. The company operates through two segments, Performance Materials and Performance Chemicals. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products primarily for use in gasoline vapor emission control systems in cars, motorcycles, trucks, and boats.

Ingevity Fundamentals Summary

How do Ingevity's earnings and revenue compare to its market cap?
NGVT fundamental statistics
Market CapUS$2.47b
Earnings (TTM)US$130.20m
Revenue (TTM)US$1.45b

19.0x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NGVT income statement (TTM)
RevenueUS$1.45b
Cost of RevenueUS$929.60m
Gross ProfitUS$524.40m
Other ExpensesUS$394.20m
EarningsUS$130.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.36
Gross Margin36.07%
Net Profit Margin8.95%
Debt/Equity Ratio169.7%

How did NGVT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 NGVT?

Other financial metrics that can be useful for relative valuation.

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/Revenue2.5x
Enterprise Value/EBITDA8.3x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

NGVT PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average49.4x
SCL Stepan
15.8x11.0%US$2.3b
IOSP Innospec
22.2x18.5%US$2.3b
GCP GCP Applied Technologies
142.4xn/aUS$2.3b
NEU NewMarket
17xn/aUS$3.1b
NGVT Ingevity
19x17.3%US$2.5b

Price-To-Earnings vs Peers: NGVT is good value based on its Price-To-Earnings Ratio (19x) compared to the peer average (49.4x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: NGVT is expensive based on its Price-To-Earnings Ratio (19x) compared to the US Chemicals industry average (16x)


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 Ratio19x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: NGVT is good value based on its Price-To-Earnings Ratio (19x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).


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 ($63.72) is trading below our estimate of fair value ($144.25)

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


Price to Earnings Growth Ratio

PEG Ratio: NGVT is poor value based on its PEG Ratio (1.1x)


Discover undervalued companies

Future Growth

How is Ingevity forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NGVT's forecast earnings growth (17.3% per year) is above the savings rate (1.9%).

Earnings vs Market: NGVT's earnings (17.3% per year) are forecast to grow faster than the US market (13.8% per year).

High Growth Earnings: NGVT's earnings are forecast to grow, but not significantly.

Revenue vs Market: NGVT's revenue (4.6% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: NGVT's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NGVT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Ingevity 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


10.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NGVT has a large one-off loss of $101.2M impacting its March 31 2022 financial results.

Growing Profit Margin: NGVT's current net profit margins (9%) are lower than last year (14.8%).


Past Earnings Growth Analysis

Earnings Trend: NGVT's earnings have grown by 10.1% per year over the past 5 years.

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

Earnings vs Industry: NGVT had negative earnings growth (-29.5%) over the past year, making it difficult to compare to the Chemicals industry average (30.2%).


Return on Equity

High ROE: NGVT's Return on Equity (19%) is considered low.


Discover strong past performing companies

Financial Health

How is Ingevity's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NGVT's short term assets ($732.8M) exceed its short term liabilities ($551.7M).

Long Term Liabilities: NGVT's short term assets ($732.8M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: NGVT's net debt to equity ratio (137.3%) is considered high.

Reducing Debt: NGVT's debt to equity ratio has reduced from 265% to 169.7% over the past 5 years.

Debt Coverage: NGVT's debt is well covered by operating cash flow (22.9%).

Interest Coverage: NGVT's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate NGVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NGVT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NGVT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NGVT's dividend payments have been increasing.


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: Unable to calculate sustainability of dividends as NGVT has not reported any payouts.


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

John Fortson (54 yo)

1.75yrs

Tenure

US$4,822,288

Compensation

Mr. John C. Fortson serves as President, Chief Executive Officer and Director at Ingevity Corporation since September 01, 2020. He served as Interim Chief Financial Officer and Treasurer at Ingevity Corpor...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD4.82M) is about average for companies of similar size in the US market ($USD6.87M).

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


Leadership Team

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


Board Members

Experienced Board: NGVT's board of directors are considered experienced (6.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

Ingevity Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Ingevity Corporation
  • Ticker: NGVT
  • Exchange: NYSE
  • Founded: 1964
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Implied Market Cap: US$2.469b
  • Shares outstanding: 38.75m
  • Website: https://www.ingevity.com

Number of Employees


Location

  • Ingevity Corporation
  • 4920 O'Hear Avenue
  • Suite 400
  • North Charleston
  • South Carolina
  • 29405
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 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.