Ingevity Corporation manufactures and sells specialty chemicals and carbon materials in the United States and internationally. It operates through two segments, Performance Chemicals and Performance Materials.
NGVT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Ingevity Corp. To summarize, we found that Ingevity Corp ranked in the 83th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 708%. The most interesting components of our discounted cash flow analysis for Ingevity Corp ended up being:
The company's compound free cash flow growth rate over the past 4.57 years comes in at 0.46%; that's greater than 81.07% of US stocks we're applying DCF forecasting to.
Ingevity Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 7.16% of tickers in our DCF set.
Relative to other stocks in its sector (Basic Materials), Ingevity Corp has a reliance on debt greater than 66.54% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
MT, AXTA, USCR, TG, and WLKP can be thought of as valuation peers to NGVT, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)---- $NGVT #earnings--Ingevity (NYSE: NGVT) today announced that it will release its second quarter earnings after the stock market close on Wednesday, July 29, 2020.
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)---- $NGVT--Ingevity (NYSE:NGVT) announced that Katherine P. Burgeson has elected to retire as executive vice president, general counsel and secretary of Ingevity