INGEVITY CORP (NGVT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NGVT - US45688C1071 - Common Stock
52.23 USD
+0.06 (+0.12%)
52.23 USD
0 (0%)
NGVT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 81 industry peers in the Chemicals industry. There are concerns on the financial health of NGVT while its profitability can be described as average. NGVT has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year NGVT was profitable.
NGVT had a positive operating cash flow in the past year.
In multiple years NGVT reported negative net income over the last 5 years.
NGVT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NGVT has a worse Return On Assets (-3.59%) than 67.90% of its industry peers.
NGVT's Return On Equity of -47.72% is on the low side compared to the rest of the industry. NGVT is outperformed by 80.25% of its industry peers.
NGVT has a better Return On Invested Capital (16.21%) than 98.77% of its industry peers.
NGVT had an Average Return On Invested Capital over the past 3 years of 10.65%. This is above the industry average of 6.07%.
The 3 year average ROIC (10.65%) for NGVT is below the current ROIC(16.21%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.59% | ||
| ROE | -47.72% | ||
| ROIC | 16.21% |
ROA(3y)-4.58%
ROA(5y)-0.24%
ROE(3y)-63.66%
ROE(5y)-29.04%
ROIC(3y)10.65%
ROIC(5y)10.84%
1.3 Margins
NGVT's Operating Margin of 22.78% is amongst the best of the industry. NGVT outperforms 90.12% of its industry peers.
NGVT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 38.02%, NGVT is in the better half of the industry, outperforming 79.01% of the companies in the same industry.
NGVT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.78% | ||
| PM (TTM) | N/A | ||
| GM | 38.03% |
OM growth 3Y-6.17%
OM growth 5Y-4.41%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.27%
GM growth 5Y-2.81%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NGVT is creating value.
The number of shares outstanding for NGVT has been increased compared to 1 year ago.
NGVT has less shares outstanding than it did 5 years ago.
The debt/assets ratio for NGVT is higher compared to a year ago.
2.2 Solvency
NGVT has an Altman-Z score of 2.34. This is not the best score and indicates that NGVT is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.34, NGVT is doing good in the industry, outperforming 74.07% of the companies in the same industry.
The Debt to FCF ratio of NGVT is 5.26, which is a neutral value as it means it would take NGVT, 5.26 years of fcf income to pay off all of its debts.
NGVT has a better Debt to FCF ratio (5.26) than 77.78% of its industry peers.
A Debt/Equity ratio of 8.39 is on the high side and indicates that NGVT has dependencies on debt financing.
The Debt to Equity ratio of NGVT (8.39) is worse than 91.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.39 | ||
| Debt/FCF | 5.26 | ||
| Altman-Z | 2.34 |
ROIC/WACC1.94
WACC8.36%
2.3 Liquidity
NGVT has a Current Ratio of 1.27. This is a normal value and indicates that NGVT is financially healthy and should not expect problems in meeting its short term obligations.
NGVT has a worse Current ratio (1.27) than 85.19% of its industry peers.
A Quick Ratio of 0.80 indicates that NGVT may have some problems paying its short term obligations.
With a Quick ratio value of 0.80, NGVT is not doing good in the industry: 81.48% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
NGVT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 70.77%, which is quite impressive.
The Earnings Per Share has been decreasing by -6.12% on average over the past years.
NGVT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.40%.
NGVT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.70% yearly.
EPS 1Y (TTM)70.77%
EPS 3Y-11.81%
EPS 5Y-6.12%
EPS Q2Q%38.18%
Revenue 1Y (TTM)-13.4%
Revenue growth 3Y0.36%
Revenue growth 5Y1.7%
Sales Q2Q%-11.62%
3.2 Future
The Earnings Per Share is expected to grow by 17.70% on average over the next years. This is quite good.
The Revenue is expected to decrease by -0.51% on average over the next years.
EPS Next Y26.29%
EPS Next 2Y18.49%
EPS Next 3Y17.7%
EPS Next 5YN/A
Revenue Next Year-9.78%
Revenue Next 2Y-3.71%
Revenue Next 3Y-0.51%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.77 indicates a reasonable valuation of NGVT.
Based on the Price/Earnings ratio, NGVT is valued cheaply inside the industry as 80.25% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of NGVT to the average of the S&P500 Index (26.31), we can say NGVT is valued rather cheaply.
The Price/Forward Earnings ratio is 10.39, which indicates a very decent valuation of NGVT.
77.78% of the companies in the same industry are more expensive than NGVT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.59. NGVT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.77 | ||
| Fwd PE | 10.39 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NGVT is valued a bit cheaper than the industry average as 72.84% of the companies are valued more expensively.
87.65% of the companies in the same industry are more expensive than NGVT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.95 | ||
| EV/EBITDA | 7.79 |
4.3 Compensation for Growth
NGVT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NGVT's earnings are expected to grow with 17.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y18.49%
EPS Next 3Y17.7%
5. Dividend
5.1 Amount
No dividends for NGVT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
52.23
+0.06 (+0.12%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners103.88%
Inst Owner Change-0.76%
Ins Owners1.03%
Ins Owner Change-0.72%
Market Cap1.90B
Revenue(TTM)1.28B
Net Income(TTM)-65.90M
Analysts82
Price Target67.58 (29.39%)
Short Float %2.42%
Short Ratio3.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.22%
Min EPS beat(2)7.21%
Max EPS beat(2)17.23%
EPS beat(4)4
Avg EPS beat(4)64.73%
Min EPS beat(4)7.21%
Max EPS beat(4)202.89%
EPS beat(8)7
Avg EPS beat(8)67.55%
EPS beat(12)8
Avg EPS beat(12)41.47%
EPS beat(16)11
Avg EPS beat(16)35.94%
Revenue beat(2)0
Avg Revenue beat(2)-7.44%
Min Revenue beat(2)-9.4%
Max Revenue beat(2)-5.48%
Revenue beat(4)0
Avg Revenue beat(4)-5.77%
Min Revenue beat(4)-9.4%
Max Revenue beat(4)-2.47%
Revenue beat(8)2
Avg Revenue beat(8)-2.35%
Revenue beat(12)2
Avg Revenue beat(12)-3.18%
Revenue beat(16)6
Avg Revenue beat(16)-0.14%
PT rev (1m)1.53%
PT rev (3m)9.5%
EPS NQ rev (1m)-0.38%
EPS NQ rev (3m)-2.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)-2.96%
Revenue NQ rev (3m)-6.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.77 | ||
| Fwd PE | 10.39 | ||
| P/S | 1.49 | ||
| P/FCF | 7.95 | ||
| P/OCF | 6.38 | ||
| P/B | 13.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.79 |
EPS(TTM)4.85
EY9.29%
EPS(NY)5.03
Fwd EY9.62%
FCF(TTM)6.57
FCFY12.58%
OCF(TTM)8.19
OCFY15.68%
SpS35.12
BVpS3.79
TBVpS-3.67
PEG (NY)0.41
PEG (5Y)N/A
Graham Number20.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.59% | ||
| ROE | -47.72% | ||
| ROCE | 20.52% | ||
| ROIC | 16.21% | ||
| ROICexc | 17.22% | ||
| ROICexgc | 21.61% | ||
| OM | 22.78% | ||
| PM (TTM) | N/A | ||
| GM | 38.03% | ||
| FCFM | 18.7% |
ROA(3y)-4.58%
ROA(5y)-0.24%
ROE(3y)-63.66%
ROE(5y)-29.04%
ROIC(3y)10.65%
ROIC(5y)10.84%
ROICexc(3y)11.07%
ROICexc(5y)11.72%
ROICexgc(3y)17.77%
ROICexgc(5y)19.74%
ROCE(3y)13.49%
ROCE(5y)13.72%
ROICexgc growth 3Y-8.19%
ROICexgc growth 5Y-5.86%
ROICexc growth 3Y-1.67%
ROICexc growth 5Y-0.8%
OM growth 3Y-6.17%
OM growth 5Y-4.41%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.27%
GM growth 5Y-2.81%
F-Score7
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.39 | ||
| Debt/FCF | 5.26 | ||
| Debt/EBITDA | 2.93 | ||
| Cap/Depr | 56.89% | ||
| Cap/Sales | 4.61% | ||
| Interest Coverage | 3.89 | ||
| Cash Conversion | 75.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.27 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 2.34 |
F-Score7
WACC8.36%
ROIC/WACC1.94
Cap/Depr(3y)97.35%
Cap/Depr(5y)93.69%
Cap/Sales(3y)6.85%
Cap/Sales(5y)6.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)70.77%
EPS 3Y-11.81%
EPS 5Y-6.12%
EPS Q2Q%38.18%
EPS Next Y26.29%
EPS Next 2Y18.49%
EPS Next 3Y17.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.4%
Revenue growth 3Y0.36%
Revenue growth 5Y1.7%
Sales Q2Q%-11.62%
Revenue Next Year-9.78%
Revenue Next 2Y-3.71%
Revenue Next 3Y-0.51%
Revenue Next 5YN/A
EBIT growth 1Y35.28%
EBIT growth 3Y-5.83%
EBIT growth 5Y-2.78%
EBIT Next Year61.08%
EBIT Next 3Y22.97%
EBIT Next 5YN/A
FCF growth 1Y85.88%
FCF growth 3Y-35.4%
FCF growth 5Y-20.53%
OCF growth 1Y15.42%
OCF growth 3Y-24%
OCF growth 5Y-14.15%
INGEVITY CORP / NGVT FAQ
What is the ChartMill fundamental rating of INGEVITY CORP (NGVT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to NGVT.
Can you provide the valuation status for INGEVITY CORP?
ChartMill assigns a valuation rating of 8 / 10 to INGEVITY CORP (NGVT). This can be considered as Undervalued.
Can you provide the profitability details for INGEVITY CORP?
INGEVITY CORP (NGVT) has a profitability rating of 5 / 10.
Can you provide the financial health for NGVT stock?
The financial health rating of INGEVITY CORP (NGVT) is 3 / 10.
What is the expected EPS growth for INGEVITY CORP (NGVT) stock?
The Earnings per Share (EPS) of INGEVITY CORP (NGVT) is expected to grow by 26.29% in the next year.