NGVT
Ingevity Corporation
NGVT's fundamentals are mixed, but it looks expensive: trading at 36x earnings, more than twice its usual 16x. Analysts expect strong earnings growth.
NGVT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Stable | |
| Weak |
NGVT's profitability is currently healthy, and its cash flow is stable, but its revenue and balance sheet are under pressure.
NGVT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $19.51 | -69% |
| Forward | 11x | $61.97 | — |
| Fair | 15x | $26.92 | -57% |
| Expensive | 21x | $36.18 | -42% |
| Current | 36x | $61.97 | — |
Historical ranges are pointers, not guarantees.
NGVT's PE is in its expensive range at 36x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
NGVT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect NGVT's earnings to grow and its profitability to improve, with its revenue holding steady.
NGVT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.75 | +231% |
| Q3 2026 | $1.74 | +$3.57 |
| Q2 2026 | $1.51 | +$7.47 |
| Q1 2026 | -$3.51 | +$6.24 |
| Q4 2025 | -$4.61 | +$7.24 |
| Q3 2025 | -$1.83 | +$13.63 |
| Q2 2025 | -$5.96 | +$5.86 |
| Q1 2025 | -$9.75 | -$6.71 |
| Q4 2024 | -$11.85 | -$11.70 |
NGVT has returned to profit: it earned $1.74 per share over the past year, after losing money the year before.
NGVT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $305.1M | -8.4% |
| Q2 2026 | $314.1M | -14% |
| Q1 2026 | $258M | -9.2% |
| Q4 2025 | $255.1M | -15% |
| Q3 2025 | $333.1M | -12% |
| Q2 2025 | $365.1M | -6.5% |
| Q1 2025 | $284M | -16% |
| Q4 2024 | $298.8M | -20% |
NGVT's revenue has slid since its 2022 peak: $305M last quarter, down 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.9 points |
| Q2 2026 | 16% | +55 points |
| Q1 2026 | 12% | +2.3 points |
| Q4 2025 | -41% | -68 points |
| Q3 2025 | 19% | -11 points |
| Q2 2025 | -39% | -65 points |
| Q1 2025 | 9.4% | -13 points |
| Q4 2024 | 27% | +10 points |
NGVT's operating margin was 23% last quarter, up 3.9 points from the same quarter a year ago.
NGVT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $85.5M | -27% |
| Q2 2026 | -$24.1M | -136% |
| Q1 2026 | -$12.3M | -180% |
| Q4 2025 | $73.5M | +86% |
| Q3 2025 | $117.8M | +313% |
| Q2 2025 | $66.8M | +476% |
| Q1 2025 | $15.4M | +$44.1M |
| Q4 2024 | $39.6M | +157% |
NGVT generated $123M in free cash flow over the past year, down 49% from the year before.
NGVT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -429K shares |
| 1 year | -5.7% | -2.1M shares |
| 3 years | -4.2% | -1.5M shares |
| 5 years | -12% | -4.7M shares |
| Available history | -17% | -7.3M shares |
NGVT has 35M diluted shares, down 5.7% from a year ago, with $156M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $38.5M |
| Q2 2026 | $34.5M |
| Q1 2026 | $52.3M |
| Q4 2025 | $31.1M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
NGVT spent $156M buying back its own shares over the past year.
NGVT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.7x | High |
| Q2 2026 | 8.0x | High |
| Q3 2025 | 9.0x | High |
| Q2 2025 | 7.1x | High |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 2.8x | Moderate |
| Q3 2024 | 3.0x | Moderate |
| Q2 2024 | 3.0x | Moderate |
NGVT's net debt is about 7.7 years of its operating earnings (EBITDA), up from 3.1 years a year ago.
NGVT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.6 | Neutral |
| Stochastic | 26.2 | Neutral |
NGVT's weekly RSI is 41 (neutral) and its Stochastic is 26 (neutral).
NGVT PE vs Basic Materials Sector
| Metric | NGVT | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 19x | 91% above |
| PE % | 94 | 40 | 54 pts above |
NGVT is trading at 36x earnings, a 91% premium to the Basic Materials sector's median of 19x.
NGVT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $68.9 | 10% below |
| 20 week MA | $71.1 | 13% below |
| 50 week MA | $69.5 | 11% below |
| 100 week MA | $57.8 | 7.3% above |
| 200 week MA | $54.4 | 14% above |
NGVT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 14% above its 200-week average.
NGVT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $87.0 | $74.3 | -15% |
| 2021 | $74.3 | $71.9 | -3.2% |
| 2022 | $71.9 | $70.6 | -1.9% |
| 2023 | $70.6 | $47.2 | -33% |
| 2024 | $47.2 | $40.6 | -14% |
| 2025 | $40.6 | $60.2 | +48% |
| 2026 YTD | $60.2 | $62.0 | +3% |
NGVT has finished lower in five of the last six years. It's up 3% so far in 2026.