Home Sectors Basic Materials Current Valuation: Ingevity Corporation (NYSE: NGVT)

Current Valuation: Ingevity Corporation (NYSE: NGVT)

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Ingevity Corporation trades as part of the basic materials sector and trades as part of the chemicals industry. The company CEO is D. Michael Wilson. Ingevity Corp manufactures and sells chemical products mainly in North America. Its business primarily depends on the sale of specialty chemicals for use in applications like asphalt paving, agrochemicals, and adhesives.

Previous Intraday Trading Performance:

The NGVT stock showed a previous change of 0.25% with an open at 93.02 and a close of 92.56. It reached an intraday high of 93.54 and a low of 92.00.

Business Wire:  Ingevity hosts solar panel system at Waynesboro, Georgia, facility

Liquidity:

The stock has a market cap of $3.9b with 41.8m shares outstanding, of which the float is 41.6m shares. Trading volume reached 141,670 shares compared to its average volume of 289,508 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Ingevity Corporation shares returned 2.43% and in the past 30 trading days it returned -9.65%. Over three months, it changed -17.26%. In one year it has changed 12.44% and within that year its 52-week high was 120.41 and its 52-week low was 74.98. NGVT stock is 23.45% above its 52 Week Low.

Our calculations show a 200 day moving average of 97.82 and a 50 day moving average of 101.11. Currently NGVT stock is trading -5.38% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

Business Wire:  Ingevity hosts solar panel system at Waynesboro, Georgia, facility

Earnings:

The last annual fiscal EPS for the company was reported at 3.97 that ended on 31st of December 2018, which according to the previous close, that is a PE of 23.31. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.95. The TTM EPS is 4.14, which comes to a TTM PE of 22.36.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/01/2019): 0.54
4thQtr of 2018 (Reported on 02/13/2019): 0.99
3rdQtr of 2018 (Reported on 10/24/2018): 1.16
2ndQtr of 2018 (Reported on 07/25/2018): 1.10
1stQtr of 2018 (Reported on 05/02/2018): 0.72

Base on our calculations, the intrinsic value per share is 67.22, which means it may be overvalued by -37.69%.

Indicators to Watch:

Short-interest was 557,884, which was 1.33% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.82. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.84.

SeekingAlpha:  RV Shipments: This Recession Predictor Refuses To Take A Month Off

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 51.00%, return on assets is 9.91%, profit margin is 14.44%, price-to-sales is 3.29 and price-to-book is 10.77.

Company Scores:

All scores are out of six:
 0  :Valuation Score
 4  :Past Performance Score
 2  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.