Ingevity Corp Price To Book vs. Return On Equity
| NGVT Stock | USD 47.73 0.22 0.46% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.26 | 0.2789 |
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| Operating Profit Margin | 0.22 | 0.1703 |
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For Ingevity Corp profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ingevity Corp to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ingevity Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ingevity Corp's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ingevity Corp over time as well as its relative position and ranking within its peers.
Ingevity |
Ingevity Corp's Revenue Breakdown by Earning Segment
Check out Correlation Analysis.
Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ingevity Corp. If investors know Ingevity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ingevity Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.65) | Earnings Share (15.51) | Revenue Per Share 40.759 | Quarterly Revenue Growth (0.15) | Return On Assets 0.0585 |
The market value of Ingevity Corp is measured differently than its book value, which is the value of Ingevity that is recorded on the company's balance sheet. Investors also form their own opinion of Ingevity Corp's value that differs from its market value or its book value, called intrinsic value, which is Ingevity Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ingevity Corp's market value can be influenced by many factors that don't directly affect Ingevity Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ingevity Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ingevity Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ingevity Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Ingevity Corp Return On Equity vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Ingevity Corp's current stock value. Our valuation model uses many indicators to compare Ingevity Corp value to that of its competitors to determine the firm's financial worth. Ingevity Corp is considered to be number one stock in price to book category among its peers. It is rated below average in return on equity category among its peers . At this time, Ingevity Corp's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Ingevity Corp by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Ingevity Return On Equity vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Ingevity Corp |
| = | 8.09 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Ingevity Corp |
| = | -1.21 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Ingevity Return On Equity Comparison
Ingevity Corp is currently under evaluation in return on equity category among its peers.
Ingevity Corp Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Ingevity Corp, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ingevity Corp will eventually generate negative long term returns. The profitability progress is the general direction of Ingevity Corp's change in net profit over the period of time. It can combine multiple indicators of Ingevity Corp, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -26.7 M | -28 M | |
| Operating Income | 288.2 M | 264.2 M | |
| Income Before Tax | -10.1 M | -9.6 M | |
| Total Other Income Expense Net | -298.3 M | -283.4 M | |
| Net Loss | -5.4 M | -5.1 M | |
| Income Tax Expense | -4.7 M | -4.5 M | |
| Net Loss | -5.4 M | -5.1 M | |
| Net Income Applicable To Common Shares | 243.3 M | 150.9 M | |
| Net Interest Income | -87 M | -82.7 M | |
| Interest Income | 6.3 M | 5.2 M | |
| Non Operating Income Net Other | -68.3 M | -64.9 M | |
| Change To Netincome | 68.4 M | 36.7 M | |
| Net Loss | (0.15) | (0.14) | |
| Income Quality | (37.98) | (36.08) | |
| Net Income Per E B T | 0.53 | 0.54 |
Ingevity Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Ingevity Corp. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Ingevity Corp position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Ingevity Corp's important profitability drivers and their relationship over time.
Use Ingevity Corp in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ingevity Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ingevity Corp will appreciate offsetting losses from the drop in the long position's value.Ingevity Corp Pair Trading
Ingevity Corp Pair Trading Analysis
The ability to find closely correlated positions to Ingevity Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ingevity Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ingevity Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ingevity Corp to buy it.
The correlation of Ingevity Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ingevity Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ingevity Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ingevity Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Ingevity Corp position
In addition to having Ingevity Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Office Supplies Thematic Idea Now
Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.
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Additional Tools for Ingevity Stock Analysis
When running Ingevity Corp's price analysis, check to measure Ingevity Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ingevity Corp is operating at the current time. Most of Ingevity Corp's value examination focuses on studying past and present price action to predict the probability of Ingevity Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ingevity Corp's price. Additionally, you may evaluate how the addition of Ingevity Corp to your portfolios can decrease your overall portfolio volatility.