Added to YB: 2026-08-07
Pitch date: 2026-08-05
NGVT [neutral]
Ingevity Corporation
-0.58%
current return
Author Info
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Company Info
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.
Market Cap
$2.7B
Pitch Price
$77.79
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.80
P/E
109.26
EV/Sales
3.27
Sector
Chemicals
Category
special_situation
$NGVT: the last segment is for sale, and management says the good quarter won't repeat
NGVT (overview): Selling last non-core segment APT (in 'advanced stage'), which just posted best quarter in years (sales +14% to $49.3M, EBITDA $11.2M vs $2M) but mgmt says driven by competitor outage, not run-rate. Q2 adj EBITDA $115M (+14%), 36.6% margin. FY26 guide raised $380-400M EBITDA, $5.00-5.45 EPS, excl deal. 2.5x leverage, $35M buybacks @$70.94. $73.41, ~7% off high after 80%+ run. Risks: priced-in, no signed deal, PM levered to BEV mix.
Read full article (2 min)