INGEVITY CORP (NGVT) Stock Fundamental Analysis
USA - NYSE:NGVT - US45688C1071 - Common Stock
55.11 USD
+0.75 (+1.38%)
55.11 USD
0 (0%)
Taking everything into account, NGVT scores 4 out of 10 in our fundamental rating. NGVT was compared to 83 industry peers in the Chemicals industry. While NGVT is still in line with the averages on profitability rating, there are concerns on its financial health. NGVT is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
NGVT had positive earnings in the past year.
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
With a Return On Assets value of -11.54%, NGVT is not doing good in the industry: 75.90% of the companies in the same industry are doing better.
With a Return On Equity value of -179.45%, NGVT is not doing good in the industry: 91.57% of the companies in the same industry are doing better.
With an excellent Return On Invested Capital value of 15.68%, NGVT belongs to the best of the industry, outperforming 97.59% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NGVT is above the industry average of 6.34%.
The last Return On Invested Capital (15.68%) for NGVT is above the 3 year average (10.65%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.54% | ||
| ROE | -179.45% | ||
| ROIC | 15.68% |
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 22.24% is amongst the best of the industry. NGVT outperforms 90.36% of its industry peers.
In the last couple of years the Operating Margin of NGVT has declined.
Looking at the Gross Margin, with a value of 36.47%, NGVT is in the better half of the industry, outperforming 78.31% of the companies in the same industry.
In the last couple of years the Gross Margin of NGVT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.24% | ||
| PM (TTM) | N/A | ||
| GM | 36.47% |
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
NGVT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, NGVT has more shares outstanding
The number of shares outstanding for NGVT has been reduced compared to 5 years ago.
NGVT has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.33 indicates that NGVT is not a great score, but indicates only limited risk for bankruptcy at the moment.
NGVT has a better Altman-Z score (2.33) than 63.86% of its industry peers.
NGVT has a debt to FCF ratio of 8.85. This is a slightly negative value and a sign of low solvency as NGVT would need 8.85 years to pay back of all of its debts.
NGVT's Debt to FCF ratio of 8.85 is fine compared to the rest of the industry. NGVT outperforms 71.08% of its industry peers.
NGVT has a Debt/Equity ratio of 10.24. This is a high value indicating a heavy dependency on external financing.
NGVT's Debt to Equity ratio of 10.24 is on the low side compared to the rest of the industry. NGVT is outperformed by 91.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.24 | ||
| Debt/FCF | 8.85 | ||
| Altman-Z | 2.33 |
ROIC/WACC1.78
WACC8.8%
2.3 Liquidity
NGVT has a Current Ratio of 1.36. This is a normal value and indicates that NGVT is financially healthy and should not expect problems in meeting its short term obligations.
NGVT's Current ratio of 1.36 is on the low side compared to the rest of the industry. NGVT is outperformed by 80.72% of its industry peers.
A Quick Ratio of 0.80 indicates that NGVT may have some problems paying its short term obligations.
NGVT has a worse Quick ratio (0.80) than 81.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| 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 50.17%, which is quite impressive.
NGVT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.12% yearly.
NGVT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.44%.
NGVT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.70% yearly.
EPS 1Y (TTM)50.17%
EPS 3Y-11.81%
EPS 5Y-6.12%
EPS Q2Q%37.62%
Revenue 1Y (TTM)-14.44%
Revenue growth 3Y0.36%
Revenue growth 5Y1.7%
Sales Q2Q%-6.53%
3.2 Future
NGVT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.57% yearly.
Based on estimates for the next years, NGVT will show a decrease in Revenue. The Revenue will decrease by -0.58% on average per year.
EPS Next Y26.22%
EPS Next 2Y18.13%
EPS Next 3Y17.57%
EPS Next 5YN/A
Revenue Next Year-8.74%
Revenue Next 2Y-2.6%
Revenue Next 3Y-0.58%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.44, which indicates a correct valuation of NGVT.
NGVT's Price/Earnings ratio is a bit cheaper when compared to the industry. NGVT is cheaper than 78.31% of the companies in the same industry.
NGVT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.32.
NGVT is valuated reasonably with a Price/Forward Earnings ratio of 11.03.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NGVT indicates a somewhat cheap valuation: NGVT is cheaper than 77.11% of the companies listed in the same industry.
NGVT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.89, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.44 | ||
| Fwd PE | 11.03 |
4.2 Price Multiples
67.47% of the companies in the same industry are more expensive than NGVT, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NGVT is valued cheaper than 83.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.37 | ||
| EV/EBITDA | 8.23 |
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.
A more expensive valuation may be justified as NGVT's earnings are expected to grow with 17.57% in the coming years.
PEG (NY)0.47
PEG (5Y)N/A
EPS Next 2Y18.13%
EPS Next 3Y17.57%
5. Dividend
5.1 Amount
No dividends for NGVT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
55.11
+0.75 (+1.38%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners103.88%
Inst Owner Change-1.2%
Ins Owners1.03%
Ins Owner Change20.22%
Market Cap2.01B
Analysts82
Price Target66.56 (20.78%)
Short Float %2.07%
Short Ratio2.73
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)24.42%
Min EPS beat(2)17.23%
Max EPS beat(2)31.61%
EPS beat(4)4
Avg EPS beat(4)67.89%
Min EPS beat(4)17.23%
Max EPS beat(4)202.89%
EPS beat(8)6
Avg EPS beat(8)66.35%
EPS beat(12)8
Avg EPS beat(12)42.62%
EPS beat(16)11
Avg EPS beat(16)35.87%
Revenue beat(2)0
Avg Revenue beat(2)-3.97%
Min Revenue beat(2)-5.48%
Max Revenue beat(2)-2.47%
Revenue beat(4)0
Avg Revenue beat(4)-4.38%
Min Revenue beat(4)-5.75%
Max Revenue beat(4)-2.47%
Revenue beat(8)2
Avg Revenue beat(8)-1.9%
Revenue beat(12)3
Avg Revenue beat(12)-1.41%
Revenue beat(16)7
Avg Revenue beat(16)0.82%
PT rev (1m)7.85%
PT rev (3m)26.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.93%
EPS NY rev (1m)-0.45%
EPS NY rev (3m)4.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.42%
Revenue NY rev (1m)-1.2%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.44 | ||
| Fwd PE | 11.03 | ||
| P/S | 1.52 | ||
| P/FCF | 13.37 | ||
| P/OCF | 9.33 | ||
| P/B | 16.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.23 |
EPS(TTM)4.43
EY8.04%
EPS(NY)5
Fwd EY9.06%
FCF(TTM)4.12
FCFY7.48%
OCF(TTM)5.91
OCFY10.72%
SpS36.33
BVpS3.31
TBVpS-4.46
PEG (NY)0.47
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.54% | ||
| ROE | -179.45% | ||
| ROCE | 19.84% | ||
| ROIC | 15.68% | ||
| ROICexc | 16.53% | ||
| ROICexgc | 20.7% | ||
| OM | 22.24% | ||
| PM (TTM) | N/A | ||
| GM | 36.47% | ||
| FCFM | 11.35% |
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%
ROICexcg growth 3Y-8.19%
ROICexcg 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-Score5
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 10.24 | ||
| Debt/FCF | 8.85 | ||
| Debt/EBITDA | 3.12 | ||
| Cap/Depr | 63.89% | ||
| Cap/Sales | 4.91% | ||
| Interest Coverage | 3.67 | ||
| Cash Conversion | 54.33% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.36 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 2.33 |
F-Score5
WACC8.8%
ROIC/WACC1.78
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)50.17%
EPS 3Y-11.81%
EPS 5Y-6.12%
EPS Q2Q%37.62%
EPS Next Y26.22%
EPS Next 2Y18.13%
EPS Next 3Y17.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.44%
Revenue growth 3Y0.36%
Revenue growth 5Y1.7%
Sales Q2Q%-6.53%
Revenue Next Year-8.74%
Revenue Next 2Y-2.6%
Revenue Next 3Y-0.58%
Revenue Next 5YN/A
EBIT growth 1Y39.49%
EBIT growth 3Y-5.83%
EBIT growth 5Y-2.78%
EBIT Next Year61.08%
EBIT Next 3Y22.97%
EBIT Next 5YN/A
FCF growth 1Y25.77%
FCF growth 3Y-35.4%
FCF growth 5Y-20.53%
OCF growth 1Y-14.49%
OCF growth 3Y-24%
OCF growth 5Y-14.15%