Stock fact sheet · data as of
Ingevity Corporation (NGVT): fair value, margin of safety and Wheel Score
Ticker symbol NGVT · Basic Materials · Chemicals - Specialty · United States · Blend
Is NGVT undervalued?
At 73.73 (close of 5 Nov 2026), NGVT trades 100% over the GLS average fair value of 36.84, with 1 of 7 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between GLS Growth (0.7386) and 10 Cap (90.46). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for NGVT, so the nightly engine files it under Blend (value score 6, growth score 3, out of 100).
Nine valuation models for NGVT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 8.49 | -88% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 57.52 | -22% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 22.01 | -70% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.7386 | -99% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 90.46 | +23% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 59.27 | -20% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 19.37 | -74% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -33.95 | -146% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 71.50 | -3% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Ingevity Corporation scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability NGVT scores 6.7/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC -13.1%, ROE -562.6%, ROA -10.1% - with debt at 41.84 times equity and a free-cash-flow yield of 4.8%. Debt of 41.84 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Ingevity Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Performance Materials 100% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | -13.1% |
|---|---|---|---|
| GLS Moat | 6.7 / 10 | ROE | -562.6% |
| Debt / equity | 41.84 | ROA | -10.1% |
| Free-cash-flow yield | 4.8% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 34: Weak
With a Wheel Score of 34 Ingevity Corporation sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (160 open interest, 13 a day); and filter 3, below fair value - trades 100% above our fair value; and filter 5, can repay its debt - 3.2 years to repay its debt (over 3); and filter 6, no serious red flags - Red Flags score 55 (under 60); Value (weak) is its weakest part.
Implied volatility is 41% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 160 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 725k shares a day on a market cap of $2.5B, with a beta of 1.12; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (160 open interest, 13 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 100% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 3.2 years to repay its debt (over 3) |
| 6 | No serious red flags | Fails | Red Flags score 55 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 100% above fair value | |
| Premium | Strong | implied volatility 41% | |
| Moat | Good | moat 6.7/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Weak | Red Flags score 55/100 | |
| Option trading | Weak | 13 contracts a day, 160 open interest | |
| Stability | Fair | beta 1.12, $2.5B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for NGVT in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Chemicals - Specialty
The 12 companies below are the closest to Ingevity Corporation by market cap within the Chemicals - Specialty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| KWR Quaker Houghton | 157.30 | 121.69 | -29% | 31Weak | $2.7B |
| FUL H.B. Fuller Company | 52.57 | 57.21 | +8% | 39Weak | $2.8B |
| CC The Chemours Company | 13.79 | 18.07 | +24% | 43Weak | $2.1B |
| WDFC WD-40 Company | 233.00 | 118.64 | -96% | 34Weak | $3.1B |
| MTX Minerals Technologies Inc. | 65.83 | 52.01 | -27% | 28Weak | $2.0B |
| IOSP Innospec Inc. | 80.65 | 102.86 | +22% | 47Weak | $2.0B |
| HWKN Hawkins, Inc. | 155.97 | 95.74 | -63% | 32Weak | $3.2B |
| SINC Sincerity Applied Materials Holdings Corp. | 1.00 | 0.3023 | -231% | 12No options | $2.0B |
| ASH Ashland Inc. | 76.44 | 22.83 | -235% | 36Weak | $3.5B |
| CLMT Calumet Inc. | 43.60 | 11.21 | -289% | 29Weak | $3.8B |
| CBT Cabot Corp. | 75.10 | 77.10 | +3% | 70Good | $3.9B |
| SCL Stepan Co | 70.65 | 15.17 | -366% | 37Weak | $1.6B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about NGVT
Is NGVT undervalued right now?
No: at 73.73 the stock trades 100% above the GLS average fair value of 36.84 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of NGVT and what does it mean?
NGVT scores 34 out of 100 (Weak) - it fails Wheel Trade Filters 1, 3, 5, 6. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for NGVT?
36.84 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Ingevity Corporation report earnings next?
No upcoming earnings date is recorded for NGVT in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does NGVT have listed options, and how liquid are they?
Yes. The nightly snapshot found 106 listed contracts with 160 open interest across all expiries and implied volatility of 41% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.