13-05-2025
At US$43.04, Is Ingevity Corporation (NYSE:NGVT) Worth Looking At Closely?
Ingevity Corporation (NYSE:NGVT), is not the largest company out there, but it saw a significant share price rise of 44% in the past couple of months on the NYSE. While good news for shareholders, the company has traded much higher in the past year. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Today we will analyse the most recent data on Ingevity's outlook and valuation to see if the opportunity still exists.
We've discovered 1 warning sign about Ingevity. View them for free.
Great news for investors – Ingevity is still trading at a fairly cheap price. Our valuation model shows that the intrinsic value for the stock is $70.08, but it is currently trading at US$43.04 on the share market, meaning that there is still an opportunity to buy now. What's more interesting is that, Ingevity's share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
View our latest analysis for Ingevity
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. However, with a relatively muted revenue growth of 4.4% expected over the next couple of years, growth doesn't seem like a key driver for a buy decision for Ingevity, at least in the short term.
Are you a shareholder? Even though growth is relatively muted, since NGVT is currently undervalued, it may be a great time to increase your holdings in the stock. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.
Are you a potential investor? If you've been keeping an eye on NGVT for a while, now might be the time to make a leap. Its future outlook isn't fully reflected in the current share price yet, which means it's not too late to buy NGVT. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed buy.
If you'd like to know more about Ingevity as a business, it's important to be aware of any risks it's facing. While conducting our analysis, we found that Ingevity has 1 warning sign and it would be unwise to ignore this.
If you are no longer interested in Ingevity, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
