Ingevity Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $1.71B
  • PE -3
  • Debt $1.60B
  • Cash $153.50M
  • EV $3.16B
  • FCF $26.80M

Earnings

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Sales & Net Margins

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Earnings-$563.70M
EBIT$350.20M
ROE-263%
ROA16%
FCF$26.80M
Equity$214.50M
Growth Stability-3%
PE-3.03
PEG3.43
PB7.97
P/FCF63.82
P/S1.16
Price/Cash0.09
Debt/Equity7.48
Debt/FCF59.83
Net Margins-40%
Gross Margins28%
Op. Margins24%
Earnings CAGR7%
Sales Growth YoY-15%
Sales Growth QoQ-4%
Sales CAGR8%
FCF CAGR6%
Equity CAGR12%
Earnings Stability0.19
Earnings Growth YoY-525%
Earnings Growth QoQ-62%
Earnings CAGR 5Y-1%
Sales CAGR 5Y8%
FCF CAGR 5Y-26%
Equity CAGR 5Y-7%
Earnings CAGR 3Y3%
Sales CAGR 3Y3%
FCF CAGR 3Y-40%
Equity CAGR 3Y-26%
Market Cap$1.71B
Revenue$1.48B
Assets$2.21B
Total Debt$1.60B
Cash$153.50M
Shares Outstanding36.3M
EV3.16B
Earnings Score9%
Moat Score32%
Safety Score26%
Final Score23%
Working Capital276M
Current Ratio1.76
Gross Profit$412.30M
Shares Growth 3y-3%
Equity Growth QoQ-25%
Equity Growth YoY-70%

Assets & ROA

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Stockholders Equity & ROE

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Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.

SEC Filings

Direct access to Ingevity Corp (NGVT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Ingevity Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Ingevity Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%
Stability 19%
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Ingevity Corp Discounted Cash Flow

Fully customizable DCF calculator online for Ingevity Corp.

= $402M
012345678910TV
fcf$27M$28M$30M$32M$34M$36M$38M$40M$42M$45M$47M$475M
DCF$26M$25M$24M$23M$22M$21M$21M$20M$19M$18M$183M
Value$402M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins12%8%4%13%15%14%15%8%13%-0%-40%
ROA-21%20%22%20%19%17%17%17%15%16%
ROE-15%26%46%50%35%28%18%30%-1%-263%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF--3.127.013.824.877.964.936.878.6816.3459.83
Debt over Equity-0.173.711.672.272.412.081.932.122.477.48
Growth Stability---100%100%100%100%66%100%-3%-3%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth--7%-5%7%17%14%-6%14%20%1%8%
Earnings YoY growth--38%-56%259%34%9%-1%-35%79%-103%-1%
Equity YoY growth-25%-74%106%22%57%21%5%4%-10%-7%
FCF YoY growth--178%-348%71%30%2%68%-30%-10%-44%-26%