Ingevity Corporation logo NGVT - Ingevity Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $76.67 DETAILS
HIGH: $83.00
LOW: $65.00
MEDIAN: $82.00
CONSENSUS: $76.67
UPSIDE: 15.00%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 1.3% below fair value
Current Price $66.67
Bear Case $54.03 19.0% downside ($54.03 - $66.67) / $66.67 = -19.0% $4.35 × 12x P/E
Fair Value $67.53 1.3% upside ($67.53 - $66.67) / $66.67 = 1.3% $4.35 × 15x P/E
Bull Case $81.04 21.6% upside ($81.04 - $66.67) / $66.67 = 21.6% $4.35 × 18x P/E

Adjust Assumptions

15.0x
4.35$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 15.3x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $76.67 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $67.53 per share.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples