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Ingevity Corporation (NGVT) Fair Value & Analysis

Basic Materials · US · Market cap $2.5B

IC Ingevity Corporation logo Ingevity Corporation NGVT · US
Price$77.82
Fair Value$121.74
Upside+56.4%
Quality64/100
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Mixed Growth
Loss-making · -10.9% net margin
High debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 41/100
Evidence: High Range $76.74 – $170.04 Share as image

Fair value as of: Jul 15, 2026

From 15 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from $59.87 to $121.74 (+103.3%) since Jun 24, 2026. Share price +8.8% over the past month.

A solid business, screening 56% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($76.74 to $170.04) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$90.75 $29.88 Fair Value $121.74 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range $29.88 – $90.75 · fair‑value band $76.74 – $170.04 · the $77.82 price screens below the $121.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Ingevity Corporation (NGVT) currently trades at $77.82, while our model-based Fair Value estimate is $121.74, implying the stock looks roughly 56.4% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Ingevity Corporation generated revenue of $1.2B at a net margin of -10.9%. Revenue grew 4.1% year over year. Net debt stands at $1.2B. Fundamentals as of Jul 15, 2026

Our scenario range runs from $76.74 (bear case) to $170.04 (bull case); at $77.82, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 96% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at 56%, NGVT screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $45.83 $70.44 $112.96 80
Rev-Margin DCF $17.74 $35.30 $57.95 74
ROIC Compounder $30.93 $42.72 $54.98 72
All 15 models by family
DCF Models
FCF DCF $42.92 $68.33 $116.15 38
5Y Revenue Exit $17.74 $33.54 $56.95 39
5Y EBITDA Exit $39.40 $70.62 $112.82 41
10Y Revenue Exit $26.41 $40.15 $54.68 36
10Y EBITDA Exit $40.24 $63.32 $88.35 37
Earnings-Based
EPV $30.47 $40.20 $48.60 59
Dividend Discount
Gordon GGM $1.04 $1.16 $1.32 70
DDM Multi-Stage $1.04 $1.32 $1.68 61
Multiples
EV/EBIT $47.93 $74.29 $100.66 53
EV/EBITDA $48.28 $74.76 $101.24 54
EV/Revenue $4.10 $19.21 $34.32 43
Asset-Based
NCAV (Graham) $0.4300 $0.5700 $0.8500 50
Growth DCF
Growth DCF $45.83 $70.44 $112.96 80
Rev-Margin DCF $17.74 $35.30 $57.95 74
Economic Profit
ROIC Compounder $30.93 $42.72 $54.98 72

Widest divergence: Multiples ($74.29) versus Asset-Based ($0.5700). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.2B
Revenue growth (YoY) +4.1%
Net margin -10.9%
Return on equity -114%
Free cash flow $274M FY2025
Operating margin 26.7%
More key figures
EPS (TTM) $-4.29
EPS growth (YoY) +199%
Net debt $1.2B FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 60 · Market factors (momentum, volatility) 70

Profitability 20
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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 description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ingevity Corporation reported revenue of $1.2B in FY2025 versus $1.4B in FY2021, a compound −4.3%/yr. Reported net income was −$167M in FY2025.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$1.2B
Avg. growth/yr (3Y)
+11.6%
Avg. growth/yr (5Y)
+8.3%
Avg. growth/yr (11Y)
+5.5%
Revenue −4.3%/yr
FY21 $1.4B
FY22 $1.7B
FY23 $1.7B
FY24 $1.4B
FY25 $1.2B
Net income
FY21 $118M
FY22 $212M
FY23 −$5.4M
FY24 −$430M
FY25 −$167M

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Cite: Fair Value Calculator (2026). "Ingevity Corporation Fair Value". https://www.fairvalue-calculator.com/stock/NGVT

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Specialty Chemicals · 676 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +56% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) -11% · Bottom 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 4% · Above median
Debt / equity 39.10× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/S (TTM) 2.15× · Pricier than median
P/FCF 9.3× · Pricier than median
EV/EBITDA 10.0× · Cheaper than median
PEG 2.41× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 21 · sector 19
PAST 0 · sector 23
HEALTH 0 · sector 95
DIVIDEND 0 · sector 25

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Ingevity Corporation (NGVT) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $121.74 versus a price of $77.82, about +56% (undervalued).
What is the fair value of NGVT?
Our model-based fair value for Ingevity Corporation is $121.74 (as of Jul 15, 2026), built from audited fundamentals. The current price is $77.82.
What is the quality score of NGVT?
Ingevity Corporation has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Ingevity Corporation (NGVT)?
Ingevity Corporation reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of NGVT?
The net profit margin of Ingevity Corporation is about -10.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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