Ingevity Corporation Financial Ratios — NGVT Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	429.27	158.52	73.99	45.27	30.85	16.01	23.45	-0.54	-54.64	-34.18
Return on Assets (%)	- -	40.13	19.68	10.65	4.37	14.36	15.07	10.63	8.11	4.92	8.13	-0.2	-18.52	-9.1
Return on Capital (%)	- -	291.67	151.29	94.51	11.83	21.87	21.9	15.94	11.39	7.51	11.17	2.76	- -	- -
Return on Invested Capital (%)	- -	59.63	29.99	18.25	13.22	24.7	23.57	16.37	11.77	11.13	12.6	9.5	- -	- -
Gross Margin (%)	31.63	30.1	30.76	28.74	30.21	33.83	36.77	37.28	38.28	36.85	34.17	36.61	38.73	39.53
EBITDA Margin (%)	24.92	22.96	23.48	20.86	21.93	25.01	28.22	29.72	32.37	29.97	26.96	31.31	32.56	31.54
Operating Margin (%)	21.51	19.59	20.36	17.25	17.66	20.86	23.19	23.14	24.13	22.08	20.44	21.21	23.54	22.43
Incremental Operating Margin (%)	- -	-24.39	33.87	58.94	9.8	66.15	37.28	22.79	7.42	7.81	12.21	18.37	-160.39	63.38
Pretax Margin (%)	20.13	18.78	19.52	14.24	9.58	17.98	19.57	17.63	19.33	11.7	16.16	10.7	-11.71	-12.17
Profit Margin (%)	12.67	12.14	12.46	8.32	3.88	13.01	14.92	14.21	14.92	8.49	12.68	-0.44	-35.86	-14.31
Net Income to Common Margin (%)	12.67	12.14	12.46	8.32	3.88	13.01	14.92	14.21	14.92	8.49	12.68	-0.44	-35.86	-14.31
Effective Tax Rate (%)	35.45	35.87	34.39	38.24	48.97	16.93	18.03	19.39	22.84	27.46	21.51	18.62	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	429.27	158.52	73.99	45.27	30.85	16.01	23.45	-0.54	-54.64	-34.18

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	86	89	89	489	453	752	1,305	1,344	1,323	1,531	1,534	1,449	1,243
ST Debt	- -	- -	3	9	8	9	11	40	42	37	17	103	76	59
LT Debt	- -	86	86	80	481	444	741	1,265	1,302	1,286	1,513	1,431	1,373	1,184
Total Debt/EBITDA	- -	0.38	0.37	0.45	2.45	1.86	2.35	3.4	3.41	3.17	3.4	4.03	3.71	3.37
Net Debt/EBITDA	- -	0.33	0.28	0.29	2.3	1.5	2.11	3.11	2.63	2.38	3.11	3.6	3.41	3.07
Total Debt/EBIT	- -	0.45	0.42	0.54	3.05	2.24	2.86	4.36	4.58	4.31	4.49	5.95	5.13	4.74
Net Debt/EBIT	- -	0.39	0.33	0.35	2.86	1.8	2.57	3.99	3.53	3.24	4.1	5.32	4.72	4.32
EBITDA to Interest Expense	19.5	17.31	14.82	9.95	10.32	13.44	9.64	6.89	8.36	8.07	7.28	4.11	4.05	4.78
EBITDA-CapEx/Interest Expense	19.5	17.31	14.82	9.95	10.32	13.44	9.64	6.89	7.85	8.07	7.28	4.11	4.05	4.78
EBIT to Interest Expense	16.83	14.77	12.85	8.22	8.31	11.2	7.92	5.36	6.23	5.94	5.52	2.78	2.92	3.4
Interest Expense	12	13	16	20	19	18	33	56	47	52	62	93	97	77
Common Equity/Total Assets	- -	- -	- -	- -	1.97	15.4	23.87	23.23	29.06	32.26	36.84	38.22	28.3	24.55
Long-Term Debt/Equity (%)	- -	26.22	20.48	15.46	357.58	159.77	218.84	238.34	202.79	190.89	216.71	226.7	703.53	3,985.86
Long-Term Debt/Capital (%)	- -	97.73	93.48	85.84	93.86	72.72	69.51	70.19	64.37	60.68	59.61	56.42	67.94	71.83
Long-Term Debt/Total Assets (%)	- -	14.5	11.98	10.27	57.79	47.76	56.36	59.07	55.78	52.09	55.3	54.56	67.9	71.7
Total Debt/Equity (%)	- -	26.22	21.19	17.28	363.15	163.15	222.14	245.8	209.36	196.38	219.2	243.03	742.32	4,184.18
Total Debt/Capital (%)	- -	97.73	96.74	95.92	95.32	74.25	70.56	72.39	66.46	62.42	60.29	60.48	71.68	75.41
Total Debt/Total Assets (%)	- -	14.5	12.4	11.48	58.69	48.77	57.21	60.92	57.58	53.59	55.94	58.5	71.64	75.26
Net Debt to Equity	- -	22.56	16.43	11.09	340.49	131.52	199.26	225.02	161.3	147.55	200.01	217.18	682.89	3,806.06
Net Debt/Capital (%)	- -	97.37	95.83	93.79	95.02	69.93	68.25	68.42	58.68	53.91	56.73	56.17	68.24	72
EBITDA	234	225	243	200	199	243	320	384	394	417	450	381	391	368
EBITDA-CapEx	234	225	243	200	199	243	320	384	370	417	450	381	391	368
Operating Income (Loss)	202	192	211	165	160	203	263	299	294	307	341	258	282	262

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	0.11	0.14	0.32	0.22	0.59	0.42	0.26	1.15	1.02	0.25	0.26	0.26	0.23
Current Ratio	- -	2.15	1.95	2.97	2.16	2.41	2.31	2.15	2.81	2.7	2.25	1.81	1.87	1.33
Quick Ratio	- -	1.12	0.97	1.4	1	1.31	1.2	1.08	1.9	1.74	1.07	0.85	0.87	0.69
CFO/Avg Current Liab	- -	2.58	1.13	0.6	1.08	1.2	1.5	1.38	1.61	1.19	1.1	0.62	0.41	1.09
Common Equity/Total Assets	- -	- -	- -	- -	1.97	15.4	23.87	23.23	29.06	32.26	36.84	38.22	28.3	24.55
Long-Term Debt/Equity (%)	- -	26.22	20.48	15.46	357.58	159.77	218.84	238.34	202.79	190.89	216.71	226.7	703.53	3,985.86
Long-Term Debt/Capital (%)	- -	97.73	93.48	85.84	93.86	72.72	69.51	70.19	64.37	60.68	59.61	56.42	67.94	71.83
Long-Term Debt/Total Assets (%)	- -	14.5	11.98	10.27	57.79	47.76	56.36	59.07	55.78	52.09	55.3	54.56	67.9	71.7
Total Debt/Equity (%)	- -	26.22	21.19	17.28	363.15	163.15	222.14	245.8	209.36	196.38	219.2	243.03	742.32	4,184.18
Total Debt/Capital (%)	- -	97.73	96.74	95.92	95.32	74.25	70.56	72.39	66.46	62.42	60.29	60.48	71.68	75.41
Total Debt/Total Assets (%)	- -	14.5	12.4	11.48	58.69	48.77	57.21	60.92	57.58	53.59	55.94	58.5	71.64	75.26
CFO/Total Liabilities	- -	51.7	46.48	27.63	18.32	26.75	25.81	17.11	20.82	16.34	15.38	10.3	7.04	20.43
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	14.81	- -	- -	- -	- -	- -
Altman's Z-Score	- -	3.12	2.73	2.33	4.04	5.08	4.78	3.9	3.54	3.42	3.44	2.75	2.59	2.7

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	18.32	9.63	9.43	9.82	10.25	10.36	9.62	8.16	8.99	8.63	5.98	7.65	9.02
Days Sales Outstanding	- -	19.93	37.89	38.7	37.17	35.62	35.24	37.96	44.72	40.62	42.28	61.08	47.7	40.47
Inventory Turnover	- -	13.3	6.15	4.9	4.22	4.13	4.08	4.02	3.74	4.09	3.81	2.39	2.91	3.7
Days Inventory Outstanding	- -	27.44	59.31	74.53	86.4	88.27	89.47	90.9	97.62	89.35	95.75	152.49	125.27	98.71
Accounts Payable Turnover	- -	21.89	8.41	8.27	8.84	8.04	8.5	8.67	7.15	8.09	7.93	4.47	4.92	7.47
Accounts Payable Turnover Days	- -	16.68	43.42	44.16	41.31	45.42	42.93	42.12	51.03	45.09	46.02	81.7	74.16	48.89
Cash Conversion Cycle	- -	30.69	53.78	69.08	82.26	78.48	81.78	86.74	91.31	84.88	92.01	131.87	98.81	90.29
Inventory to Cash Days	- -	-7.52	-21.41	-35.84	-49.23	-52.65	-54.23	-52.94	-52.9	-48.73	-53.47	-91.41	-77.56	-58.24
Inventories	- -	103	130	149	151	160	191	212	189	241	335	309	196	186
Raw Materials	- -	30	46	52	63	54	54	65	64	76	135	154	74	73
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	73	112	116	110	114	145	158	140	183	228	255	157	142
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	2,310	2,967	3,515	3,652	3,128	2,854	2,691	1,724	1,479	2,142
- Cash & Cash Equivalents	- -	12	20	32	30	88	78	56	258	275	77	96	68	78
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	2	3	4	8	14	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	86	89	89	489	453	752	1,305	1,344	1,323	1,531	1,534	1,449	1,243
Enterprise Value	- -	76	72	61	2,776	3,344	4,189	4,900	4,214	3,901	4,145	3,162	2,860	3,307
Total Capital	- -	88	92	93	513	611	1,066	1,802	2,023	2,120	2,539	2,537	2,021	1,648
Total Debt/Capital (%)	- -	97.73	96.74	95.92	95.32	74.25	70.56	72.39	66.46	62.42	60.29	60.48	71.68	75.41
Total Debt / EV	- -	1.13	1.24	1.46	0.18	0.14	0.18	0.27	0.32	0.34	0.37	0.49	0.51	0.38
EV/Sales	- -	0.08	0.07	0.06	3.06	3.44	3.7	3.79	3.47	2.8	2.48	2.6	2.38	2.83
EV/EBITDA	- -	0.34	0.3	0.31	13.93	13.75	13.1	12.75	10.7	9.35	9.21	8.31	7.32	8.98
EV/EBIT	- -	0.4	0.34	0.37	17.3	16.49	15.94	16.38	14.36	12.7	12.15	12.27	10.12	12.63
EV/Cash Flow to Firm	- -	0.52	0.48	0.72	20.15	17.66	15	15.28	10.84	11.79	11.45	11.27	13.49	8.01
EV/Free Cash Flow to Firm	- -	0.52	0.48	0.72	20.15	17.66	15	15.28	10.22	11.79	11.45	11.27	13.49	8.01
Diluted Market Cap	- -	- -	- -	- -	2,321	2,995	3,565	3,687	3,143	2,875	2,712	1,724	1,479	2,142
Diluted Enterprise Value	- -	76	72	61	2,786	3,374	4,240	4,936	4,229	3,923	4,166	3,162	2,860	3,307
EV per Share	- -	1.81	1.71	1.45	65.93	79.44	99.75	117.23	102.04	98.03	108.5	86.63	78.79	91.35
TTM Sales	939	980	1,036	958	908	972	1,134	1,293	1,216	1,392	1,668	1,216	1,200	1,168
TTM EBITDA	234	225	243	200	199	243	320	384	394	417	450	381	391	368
TTM Operating Income	202	192	211	165	160	203	263	299	294	307	341	258	282	262
TTM Cash Flow to Firm	134	145	149	85	138	189	279	321	389	331	362	281	212	413
TTM Free Cash Flow to Firm	134	145	149	85	138	189	279	321	413	331	362	281	212	413

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	18.14	17.18	14.15	13.37	8.35	9.8	8.65	8.4	11.5	6.47
EV/EBIT	- -	0.4	0.34	0.37	17.3	16.49	15.94	16.38	14.36	12.7	12.15	12.27	10.12	12.63
Enterprise Value	- -	76	72	61	2,776	3,344	4,189	4,900	4,214	3,901	4,145	3,162	2,860	3,307
Low Price	- -	- -	- -	- -	22	51.01	66.57	72.59	24.92	63.43	56.31	36.66	30.9	28.49
EV/Sales	- -	0.08	0.07	0.06	3.06	3.44	3.7	3.79	3.47	2.8	2.48	2.6	2.38	2.83
EV/EBITDA	- -	0.34	0.3	0.31	13.93	13.75	13.1	12.75	10.7	9.35	9.21	8.31	7.32	8.98
Price/Earnings	- -	- -	- -	- -	65.61	23.45	20.79	19.88	17.24	24.16	12.72	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	49.36	20.54	21.21	21.45	12.95	25.97	12.17	-397.33	-3.68	-10.27
Price/Earnings High	- -	- -	- -	- -	66.3	26.68	26.47	27.4	20.04	30.18	14.4	-613.81	-4.75	-13.38
Price/Earnings Low	- -	- -	- -	- -	26.31	16.98	16.53	16.52	5.67	21.38	10.17	-247.79	-2.61	-6.17
Price/Book Value	- -	- -	- -	- -	140.83	20.72	11.2	7.34	4.61	3.58	2.67	1.72	2.58	5.29
Price/Book Value Average	- -	- -	- -	- -	105.94	18.14	11.43	7.92	3.46	3.85	2.55	2.14	2.77	4.23
Price/Book Value High	- -	- -	- -	- -	142.29	23.57	14.26	10.11	5.36	4.47	3.02	3.31	3.57	5.52
Price/Book Value Low	- -	- -	- -	- -	56.48	15	8.91	6.1	1.52	3.17	2.13	1.33	1.96	2.54
Price/Tangible Book Value	- -	- -	- -	- -	22.19	12.25	56.15	-11.26	-15.6	-19.43	-9.75	-6.12	-4.87	-11.27
Price/Tangible Book Value Average	- -	- -	- -	- -	16.69	10.73	57.3	-12.15	-11.72	-20.88	-9.33	-7.62	-5.21	-9.03
Price/Tangible Book Value High	- -	- -	- -	- -	22.42	13.94	71.51	-15.52	-18.13	-24.26	-11.04	-11.78	-6.72	-11.76
Price/Tangible Book Value Low	- -	- -	- -	- -	8.9	8.87	44.66	-9.36	-5.13	-17.19	-7.79	-4.76	-3.69	-5.43
Price/Sales	- -	- -	- -	- -	2.54	3.05	3.1	2.83	2.57	2.05	1.61	1.42	1.23	1.83
Price/Sales Average	- -	- -	- -	- -	1.91	2.67	3.16	3.05	1.93	2.2	1.54	1.77	1.32	1.47
Price/Sales High	- -	- -	- -	- -	2.57	3.47	3.95	3.89	2.99	2.56	1.83	2.73	1.7	1.92
Price/Sales Low	- -	- -	- -	- -	1.02	2.21	2.47	2.35	0.85	1.81	1.29	1.1	0.93	0.88
Price/Cash Flow	- -	- -	- -	- -	18.06	17.02	13.95	13.25	8.88	9.73	8.59	8.4	11.5	6.47
Price/Cash Flow Average	- -	- -	- -	- -	13.58	14.91	14.23	14.29	6.67	10.46	8.22	10.46	12.32	5.18
Price/Cash Flow High	- -	- -	- -	- -	18.25	19.37	17.76	18.26	10.32	12.15	9.73	16.16	15.89	6.75
Price/Cash Flow Low	- -	- -	- -	- -	7.24	12.32	11.1	11.01	2.92	8.61	6.86	6.52	8.72	3.11
Price/Free Cash Flow Average	- -	- -	- -	- -	13.65	15.05	14.44	14.43	6.27	10.54	8.28	10.46	12.32	5.18
Price/Free Cash Flow High	- -	- -	- -	- -	18.33	19.55	18.02	18.43	9.71	12.24	9.8	16.16	15.89	6.75
Price/Free Cash Flow Low	- -	- -	- -	- -	7.28	12.44	11.25	11.11	2.75	8.67	6.92	6.52	8.72	3.11
EV/Sales Average	- -	0.08	0.07	0.06	2.43	3.06	3.76	4.01	2.83	2.96	2.42	2.95	2.47	2.47
EV/Sales High	- -	0.08	0.07	0.06	3.08	3.86	4.54	4.86	3.88	3.31	2.7	3.91	2.85	2.91
EV/Sales Low	- -	0.08	0.07	0.06	1.53	2.6	3.06	3.31	1.74	2.57	2.16	2.28	2.09	1.88
EV/EBITDA Average	- -	0.34	0.3	0.31	11.06	12.24	13.32	13.51	8.73	9.87	8.96	9.42	7.59	7.82
EV/EBITDA High	- -	0.34	0.3	0.31	14.05	15.44	16.1	16.35	11.99	11.06	10.01	12.49	8.76	9.23
EV/EBITDA Low	- -	0.34	0.3	0.31	6.99	10.39	10.85	11.15	5.37	8.56	8.01	7.3	6.4	5.96
EV/EBIT Average	- -	0.4	0.34	0.37	13.74	14.68	16.21	17.34	11.71	13.4	11.82	13.9	10.5	11
EV/EBIT High	- -	0.4	0.34	0.37	17.45	18.52	19.6	20.99	16.09	15.01	13.2	18.44	12.12	12.98
EV/EBIT Low	- -	0.4	0.34	0.37	8.68	12.46	13.2	14.31	7.21	11.63	10.57	10.77	8.86	8.38
Last Price	- -	- -	- -	- -	54.86	70.47	83.69	87.38	75.73	71.7	70.44	47.22	40.75	59.18
High Price	- -	- -	- -	- -	55.43	80.18	106.59	120.41	88.02	89.55	79.79	90.81	56.3	61.77
Enterprise Value Average	- -	76	72	61	2,203	2,978	4,262	5,189	3,436	4,115	4,030	3,584	2,966	2,880
Enterprise Value High	- -	76	72	61	2,800	3,755	5,152	6,281	4,722	4,612	4,502	4,753	3,425	3,401
Enterprise Value Low	- -	76	72	61	1,392	2,527	3,471	4,282	2,116	3,572	3,605	2,777	2,503	2,196

Shares Outstanding	- -	42	42	42	42	42	42	42	41	39	37	36	36	35
Diluted Weighted Avg Shares	42	42	42	42	42	42	43	42	42	40	38	36	36	36
Basic Weighted Avg Shares	42	42	42	42	42	42	42	42	41	40	38	36	36	36
Revenue per Share	22.32	23.29	24.61	22.78	21.57	23.1	26.99	30.93	29.45	34.96	43.67	33.3	33.06	32.25
EBITDA per Share	5.56	5.35	5.78	4.75	4.73	5.78	7.62	9.19	9.53	10.48	11.77	10.43	10.77	10.17
Operating Income per Share	4.8	4.56	5.01	3.93	3.81	4.82	6.26	7.16	7.11	7.72	8.93	7.06	7.78	7.23
Basic EPS, GAAP	2.83	2.83	3.07	1.89	0.84	3	4.03	4.39	4.39	2.97	5.54	-0.15	-11.85	-4.62
Basic EPS from Cont Ops	2.9	2.8	3.15	2	1.05	3.45	4.33	4.39	4.39	2.97	5.54	2.9	-3.34	-4.15
Diluted EPS, GAAP	2.83	2.83	3.07	1.89	0.83	2.98	3.97	4.35	4.37	2.95	5.5	-0.15	-11.85	-4.62
Diluted EPS from Cont Ops	2.9	2.8	3.15	2	1.05	3.42	4.27	4.35	4.37	2.95	5.5	2.9	-3.34	-4.15
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	2.99	3.26	3.29	1.72	3.04	4.14	6	6.6	8.53	7.37	8.2	5.62	3.54	9.15
Free Cash Flow per Basic Share	2.99	3.26	3.29	1.72	3.04	4.14	6	6.6	7.96	7.37	8.2	5.62	3.54	9.15
Cash & Equivalents per Share	- -	0.29	0.48	0.76	0.72	2.13	1.85	1.36	6.24	6.92	2.01	2.63	1.87	2.16
Book Value per Share	- -	- -	- -	- -	0.39	3.4	7.47	11.9	16.43	20.01	26.39	27.47	15.77	11.2
Tangible Book Value per Share	- -	7.11	9.36	11.52	2.47	5.75	1.49	-7.76	-4.85	-3.69	-7.23	-7.71	-8.37	-5.25

Ingevity Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)