Professional
Added to YB: 2024-06-25
Pitch date: 2024-05-07
NGVT [bullish]
Ingevity Corporation
+10.72%
current return
Author Info
No bio for this author
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
$1.8B
Pitch Price
$53.17
Price Target
250.00 (+325%)
Dividend
N/A
EV/EBITDA
7.99
P/E
-4.97
EV/Sales
2.16
Sector
Chemicals
Category
value
Buckley Capital New Position: Ingevity Corporation
NGVT: Specialty chemicals co. w/ 4 segments. Performance Materials (45-50% EBITDA margin) & Road Tech (mid-20% margin) strong. Industrial Specialties hit by CTO prices, but improving. $5-6 EPS by 2025. Trades at 7-8x vs. historical 14-17x. $200-250 PT by 2028 (10x $700-800M EBITDA). 80-100% upside by 2025, multi-bagger potential 3-5 years.
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