Ingevity Corp

Ingevity Corp

NGVT · NYSE · Basic Materials / Specialty Chemicals

61.72USD-0.25 (-0.40%)

Price History

Full chart

Market Stats

Previous Close61.97
Open62.29
Day Range61.10 – 62.29
52-Week Range45.85 – 79.29
Volume233.46K
Market Cap2.51B
P/E (TTM)102.82
Forward P/E9.97
EPS0.71
Dividend Yield0.00%
Beta1.17
50-Day Avg72.05
200-Day Avg69.80

About

Ingevity Corporation manufactures and sells activated carbon products, derivative specialty chemicals, and engineered polymers in North America, the Asia Pacific, Europe, the Middle East, Africa, and South America. It operates through three segments: Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. The Performance Materials segment engineers, manufactures, and sells hardwood-based and chemically activated carbon products for use in gasoline vapor emission control systems in cars, trucks, motorcycles, and boats. This segment also produces other activated carbon products for food, water, beverage, and chemical purification applications. The Performance Chemicals segment consists of road technologies and industrial specialties. This segment's products are used in pavement construction, pavement preservation, pavement reconstruction and recycling, road markings, agrochemical dispersants, lubricants, certain adhesives, rubber, and other industrial uses. The Advanced Polymer Technologies segment produces caprolactone and caprolactone-based specialty polymers for use in coatings, resins, elastomers, adhesives, bioplastics, and medical devices. It serves automotive parts manufacturers through sales representatives, third-party sales representatives, and distributors. The company was formerly known as WestRock Company, Specialty Chemicals Business and changed its name to Ingevity Corporation in September 2015. Ingevity Corporation was founded in 1964 and is headquartered in North Charleston, South Carolina.

Company Details

  • SectorBasic Materials
  • IndustrySpecialty Chemicals
  • CEOMr. David H. Li
  • Employees1.40K
  • Headquarters4920 O'Hear Avenue, North Charleston, SC, United States, 29405, USA
  • Websitehttps://www.ingevity.com

Leadership

  • Mr. David H. LiPresident, CEO & Director · b. 1973
  • Mr. Ryan C. FisherSenior VP, General Counsel & Secretary · b. 1976
  • Mr. Terrance M. DyerSenior VP & Chief Human Resources Officer · b. 1967
  • Mr. Phillip John PlattSenior VP & CFO · b. 1981
  • Mr. Reid ClontzSenior Vice President of Operations · b. 1974
  • Mr. Ryan CottermanVice President, Chief Accounting Officer & Principal Accounting Officer · b. 1982
  • Mr. Michael H. WalshVice President of Investor Relations
  • Ms. Caroline MonahanDirector of Communications
  • Mr. Michael N. ShukovSenior VP & President of Advanced Polymer Technologies · b. 1969
  • Ms. Ruth CastilloSenior VP & President of Performance Materials · b. 1978

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue939.00M980.00M1.04B968.00M908.30M972.40M1.13B1.29B1.22B1.39B1.67B1.69B1.41B1.17B
Growth (%)-+4.37%+6.22%-7.01%-6.17%+7.06%+16.58%+14.05%-5.94%+14.42%+19.89%+1.43%-16.88%-16.98%
Cost of Revenue642.00M685.00M718.00M687.00M633.90M643.40M716.80M810.90M750.60M878.70M1.10B1.22B951.70M706.10M
Gross Profit297.00M295.00M323.00M281.00M274.40M329.00M416.80M482.00M465.50M512.80M570.10M471.90M454.70M461.50M
Gross Margin31.63%30.10%31.03%29.03%30.21%33.83%36.77%37.28%38.28%36.85%34.17%27.89%32.33%39.53%
Operating Expense95.00M103.00M112.00M114.00M114.00M126.20M153.90M154.10M167.90M205.60M229.10M215.50M194.80M199.60M
Operating Income202.00M192.00M211.00M167.00M160.40M202.80M262.90M327.90M297.60M307.20M341.00M256.40M259.90M261.90M
Operating Margin21.51%19.59%20.27%17.25%17.66%20.86%23.19%25.36%24.47%22.08%20.44%15.15%18.48%22.43%
EBITDA233.00M230.00M252.00M199.90M199.20M243.10M319.80M412.90M382.40M324.40M440.20M206.00M-329.50M37.40M
EBITDA Margin24.81%23.47%24.21%20.65%21.93%25.00%28.21%31.94%31.44%23.31%26.39%12.17%-23.43%3.20%
Net Income119.00M119.00M129.00M80.00M35.20M126.30M169.10M183.70M181.40M118.10M211.60M-5.40M-430.30M-167.10M
Net Income Margin12.67%12.14%12.39%8.26%3.88%12.99%14.92%14.21%14.92%8.49%12.68%-0.32%-30.60%-14.31%
R&D9.00M11.00M8.00M6.90M7.60M19.80M21.50M19.70M22.60M26.30M30.30M31.80M28.10M28.40M
R&D as % of Total Revenue0.96%1.12%0.77%0.71%0.84%2.04%1.90%1.52%1.86%1.89%1.82%1.88%2.00%2.43%
Interest Expense12.00M13.00M16.40M20.10M19.30M18.10M33.20M55.80M47.10M51.70M61.80M93.30M97.80M77.10M
Interest Expense % of Total Revenue1.28%1.33%1.58%2.08%2.12%1.86%2.93%4.32%3.87%3.72%3.70%5.51%6.95%6.60%

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-593.00M718.00M782.00M832.80M930.30M1.32B2.14B2.33B2.47B2.74B2.62B2.02B1.65B
Total Liabilities-265.00M298.00M260.00M698.20M652.60M975.60M1.61B1.69B1.80B2.04B1.99B1.83B1.62B
Total Equity-326.00M417.00M517.00M134.60M277.70M339.60M530.80M647.30M673.80M698.30M631.40M195.20M29.70M
Cash-12.00M20.00M32.00M30.50M87.90M77.50M56.50M257.70M275.40M76.70M95.90M68.00M78.10M
Total Debt-86.00M89.00M89.00M488.80M453.40M752.40M1.27B1.31B1.29B1.53B1.53B1.45B1.24B
Net Debt-74.00M69.00M57.00M450.80M356.10M663.70M1.17B1.01B974.60M1.45B1.44B1.39B1.16B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow126.00M137.00M143.00M73.00M127.90M174.30M252.00M275.70M352.40M293.30M313.40M205.10M128.60M331.20M
Investing Cash Flow-47.00M-64.00M-102.00M-90.00M-126.40M-58.60M-414.40M-658.30M-110.60M-138.60M-551.90M-77.30M-79.50M-57.50M
Financing Cash Flow-77.00M-79.00M-31.00M27.00M-3.40M-57.80M153.70M369.20M-50.20M-133.10M48.10M-99.90M-70.20M-252.20M
Capital Expenditure40.00M63.00M101.00M102.00M56.70M52.60M93.90M114.80M105.90M103.80M142.50M109.80M77.60M57.70M
Free Cash Flow86.00M74.00M42.00M-29.00M71.20M121.70M158.10M160.90M246.50M189.50M170.90M95.30M51.00M273.50M
Dividends Paid---3.40M448.50M015.30M4.10M3.60M4.70M4.10M---
FCF to OCF68.25%54.01%29.37%-39.73%55.67%69.82%62.74%58.36%69.95%64.61%54.53%46.47%39.66%82.58%
Dividend Paid to FCF----11.72%629.92%0.00%9.68%2.55%1.46%2.48%2.40%---

Earnings

Report DateMay 17, 2016Aug 3, 2016Nov 2, 2016Feb 22, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Feb 20, 2018May 2, 2018Jul 25, 2018Oct 24, 2018Feb 13, 2019May 1, 2019Jul 24, 2019Oct 23, 2019Feb 3, 2020Apr 29, 2020Jul 29, 2020Oct 20, 2020Feb 10, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Feb 23, 2022May 4, 2022Aug 2, 2022Nov 2, 2022Feb 27, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 21, 2024May 1, 2024Jul 31, 2024Oct 29, 2024Feb 19, 2025May 5, 2025Aug 4, 2025Nov 5, 2025Feb 25, 2026May 6, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate0.490.490.610.300.470.700.760.360.631.001.040.770.981.331.401.070.820.601.010.771.031.321.540.781.041.621.690.871.111.381.23-0.190.251.040.900.310.741.161.350.690.831.311.56
EPS Actual0.190.660.640.340.490.780.860.450.791.121.161.070.991.361.461.101.120.631.791.331.271.551.620.781.621.732.090.571.091.411.210.210.521.011.100.950.991.391.310.631.151.74-
Surprise-60.24%34.69%4.92%13.33%4.26%11.43%13.16%25.00%25.40%12.00%11.54%38.96%1.02%2.26%4.29%2.80%36.59%5.00%77.23%72.73%23.30%17.42%5.19%0.00%55.77%6.79%23.67%-34.48%-1.80%2.17%-1.63%210.53%108.00%-2.88%22.22%208.94%33.78%19.83%-2.96%-8.28%38.55%32.82%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap2.51B
Enterprise Value3.61B
Trailing P/E102.82
Forward P/E9.97
PEG Ratio2.41
Price / Sales2.16
Price / Book52.59
EPS0.71
Book Value1.36
Revenue (TTM)1.16B
Gross Profit (TTM)477.20M
EBITDA372.60M
Profit Margin4.65%
Operating Margin29.90%
Return on Equity30.07%
Return on Assets10.41%
Shares Outstanding34.38M
Shares Float34.06M
Beta1.17
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 4 analystsTarget 89.00
  • Strong Buy
    1
  • Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
105.37%
Insiders
0.77%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    5.30M15.41%
  • Vanguard Portfolio Management, LLC
    2.18M6.33%
  • Vanguard Capital Management, LLC
    1.58M4.60%
  • State Street Corp
    1.46M4.24%
  • American Century Companies Inc
    1.27M3.70%
  • Wellington Management Company LLP
    1.08M3.13%
  • Segall Bryant & Hamill
    1.05M3.07%
  • Millennium Management LLC
    992.05K2.89%
  • Brown Advisory Holdings Inc
    992.02K2.89%
  • Simcoe Capital Management, LLC
    894.07K2.60%
  • Geode Capital Management, LLC
    887.11K2.58%
  • Royce & Associates, LP
    883.53K2.57%
  • Dimensional Fund Advisors, Inc.
    787.78K2.29%
  • Principal Financial Group Inc
    761.99K2.22%
  • Harvey Partners LLC
    734.31K2.14%
  • Victory Capital Management Inc.
    680.91K1.98%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    2.12M6.16%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.11M3.24%
  • iShares Russell 2000 ETF
    911.57K2.65%
  • Vanguard Small Cap Index
    799.68K2.33%