Ingevity Corporation (NGVT) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Ingevity Corporation (NGVT) Materials & Commodity Exposure

Ingevity Corporation is a specialty chemicals and activated carbon materials manufacturer, operating globally through its Performance Materials and Performance Chemicals segments. The company distinguishes itself by producing hardwood-based activated carbon and tall oil-based chemicals, serving diverse applications from automotive emission control to pavement technologies.

What Is the Investment Thesis for NGVT?

Ingevity Corporation presents a mixed investment thesis. The company's focus on specialty chemicals and activated carbon provides exposure to diverse end markets, including automotive, infrastructure, and industrial sectors. A potential growth catalyst is the increasing demand for emission control solutions and sustainable materials. However, the company's negative profit margin of -10.6% raises concerns about profitability. Investors should monitor the company's ability to improve its financial performance and capitalize on growth opportunities. Key value drivers include innovation in sustainable materials and expansion in emerging markets. The company's beta of 1.27 suggests higher volatility compared to the market.

Based on FMP financials and quantitative analysis

NGVT Key Highlights

Market capitalization of $2.37B, reflecting its position in the specialty chemicals market.

• Gross margin of 39.3%, indicating solid pricing power in its niche markets.
• Operates through two segments: Performance Materials and Performance Chemicals, diversifying its revenue streams.
• Global presence in North America, Asia Pacific, Europe, the Middle East, and Africa, providing access to diverse markets.
• Employs 1600 people, indicating a substantial operational footprint.

Who Are NGVT's Competitors?

NGVT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are NGVT's Key Strengths?

Specialized product portfolio.

• Proprietary technologies.
• Global presence.
• Diverse end markets.

What Are NGVT's Weaknesses?

Negative profit margin.

• Dependence on raw material prices.
• Exposure to cyclical industries.
• Limited brand recognition.

What Could Drive NGVT Stock Higher?

Increasing demand for sustainable materials driving growth in bio-based chemicals.

• Expansion in emerging markets, particularly in Asia Pacific and South America.
• Innovation in emission control solutions for the automotive industry.

What Are the Key Risks for NGVT?

Rich valuation — a P/E of 43.59 runs well above the Basic Materials sector’s ~21.40x, leaving little room for a miss.

• Insider selling — insiders were net sellers of roughly $3.2M recently.
• Fluctuations in raw material prices, such as crude tall oil and lignin.
• Changes in environmental regulations impacting demand for specific products.
• Economic downturns affecting demand from cyclical industries, such as automotive and construction.
• Increasing competition from other specialty chemical and activated carbon manufacturers.

What Are the Growth Opportunities for NGVT?

• Expansion in Sustainable Materials: Ingevity can capitalize on the growing demand for sustainable materials by expanding its portfolio of bio-based chemicals and activated carbon products. Ingevity's expertise in tall oil-based chemicals positions it well to capture a significant share of this market. Timeline: Ongoing.
• Penetration of Emerging Markets: Ingevity can drive growth by expanding its presence in emerging markets, particularly in Asia Pacific and South America. These regions are experiencing rapid industrialization and increasing demand for specialty chemicals and activated carbon materials. By establishing strategic partnerships and distribution networks, Ingevity can gain access to new customers and markets. Timeline: Ongoing.
• Innovation in Emission Control Solutions: With increasing stringent emission regulations worldwide, Ingevity can invest in research and development to create innovative emission control solutions for the automotive industry. This includes developing advanced activated carbon technologies for gasoline vapor emission control systems. The market for automotive emission control technologies is expected to grow significantly in the coming years. Timeline: Ongoing.
• Development of Advanced Pavement Technologies: Ingevity can focus on developing advanced pavement technologies that improve the durability, sustainability, and performance of roads and highways. This includes warm mix paving, pavement preservation, and pavement reconstruction and recycling solutions. The market for advanced pavement technologies is driven by the need to maintain and improve aging infrastructure. Timeline: Ongoing.
• Strategic Acquisitions: Ingevity can pursue strategic acquisitions to expand its product portfolio, geographic reach, and technological capabilities. This includes acquiring companies with complementary technologies or market positions in the specialty chemicals and activated carbon industries. Strategic acquisitions can accelerate Ingevity's growth and enhance its competitive advantage. Timeline: Ongoing.

What Are NGVT's Competitive Advantages?

• Specialized product portfolio focused on niche markets.
• Proprietary technologies in activated carbon and tall oil-based chemicals.
• Long-standing relationships with key customers in diverse industries.
• Global presence with manufacturing facilities and distribution networks in multiple regions.

What Does NGVT Do?

Ingevity Corporation, founded in 1964 and headquartered in North Charleston, South Carolina, is a global manufacturer of specialty chemicals and activated carbon materials. The company operates through two primary segments: Performance Materials and Performance Chemicals. The Performance Materials segment focuses on producing hardwood-based and chemically activated carbon products, primarily used in gasoline vapor emission control systems for vehicles, including cars, motorcycles, trucks, and boats. This segment also offers activated carbon products for food, water, beverage, and chemical purification. The Performance Chemicals segment is involved in pavement technologies, industrial specialties, and engineered polymers. It manufactures products derived from crude tall oil and lignin extracted from the kraft pulping process, as well as caprolactone monomers and derivatives. These products are utilized in warm mix paving, pavement preservation, oil well service additives, adhesives, lubricants, printing inks, coatings, resins, elastomers, bioplastics, and medical devices. Ingevity's diverse product portfolio and global reach enable it to serve a wide range of industries and applications.

What Products and Services Does NGVT Offer?

• Manufactures and sells specialty chemicals.
• Produces activated carbon materials.
• Offers products for gasoline vapor emission control systems.
• Provides solutions for water, food, and beverage purification.
• Develops pavement technologies.
• Creates industrial specialties and engineered polymers.
• Utilizes crude tall oil and lignin in its products.

How Does NGVT Make Money?

• Manufactures and sells specialty chemicals and activated carbon materials.
• Operates through two segments: Performance Materials and Performance Chemicals.
• Generates revenue from diverse end markets, including automotive, infrastructure, and industrial sectors.

What Industry Does NGVT Operate In?

Ingevity Corporation operates within the specialty chemicals industry, which is characterized by innovation, customization, and a focus on specific applications. The industry is influenced by trends such as increasing environmental regulations, demand for sustainable materials, and growth in emerging markets. Ingevity competes with companies like The Chemours Company (CC) and Olin Corporation (OLN), focusing on specific niches such as activated carbon and tall oil-based chemicals. The specialty chemicals market is projected to grow, driven by demand from various end-use industries.

Who Are NGVT's Key Customers?

• Automotive manufacturers using activated carbon for emission control.
• Pavement contractors and government agencies using pavement technologies.
• Industrial companies using specialty chemicals in their products.
• Companies in the food and beverage industry using activated carbon for purification.

Ingevity Corporation (NGVT) Valuation Context

Valued at $2.37B, NGVT is classified as a mid-cap stock. Analyst price targets span from $56.00 to $83.00, with a consensus of $71.50. At the current price of $68.86, that implies approximately 4% upside potential. Relative to its peer group, NGVT's quantitative score of 58/100 is above the peer average of 47/100.

NGVT Revenue & Earnings Trend

In Q2 FY2026, NGVT generated $314.1M in top-line revenue, marking a sequential increase of 21.7%. The company recorded net income of $35.3M, with diluted EPS of $0.99. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this mid-cap Basic Materials company. Across the four most recent quarters, NGVT averaged $0.36 in diluted EPS.

Company Profile

Ingevity Corporation operates in the Chemicals - Specialty industry within the Basic Materials sector. It is headquartered in North Charleston, US. The company is led by CEO David H. Li. NGVT has traded publicly since 2016.

Return on assets is -7.7%, showing how much profit it generates from its asset base. Its free cash flow yield is 9.5%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.42 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -4.8%, the inverse of the P/E and a quick read on earnings relative to price.

Ingevity Corporation's Piotroski F-Score is 9/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.51 places it in the grey zone, a middle ground that warrants monitoring.

Ingevity Corporation has beaten Wall Street's EPS estimate in 7 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 66.1% above estimates on average.

Over the past six months, Ingevity Corporation insiders filed 29 SEC Form 4 transactions — 15 sales and 14 purchases. On net that is roughly 25K shares disposed (about $3.2M), a signal worth weighing alongside the fundamentals.

NGVT Financials

NGVT Latest News

NGVT Analyst Consensus

NGVT MoonshotScore

What Investors Ask About Ingevity Corporation (NGVT) — Basic Materials

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources