GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ingevity Corp (NYSE:NGVT) » Definitions » Cyclically Adjusted Price-to-FCF

Ingevity (Ingevity) Cyclically Adjusted Price-to-FCF : 14.88 (As of May. 18, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Ingevity Cyclically Adjusted Price-to-FCF?

As of today (2024-05-18), Ingevity's current share price is $53.55. Ingevity's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $3.60. Ingevity's Cyclically Adjusted Price-to-FCF for today is 14.88.

The historical rank and industry rank for Ingevity's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NGVT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 10.01   Med: 12.17   Max: 15.13
Current: 14.89

During the past years, Ingevity's highest Cyclically Adjusted Price-to-FCF was 15.13. The lowest was 10.01. And the median was 12.17.

NGVT's Cyclically Adjusted Price-to-FCF is ranked better than
68.99% of 574 companies
in the Chemicals industry
Industry Median: 24.885 vs NGVT: 14.89

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Ingevity's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $-0.791. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ingevity Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ingevity's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ingevity Cyclically Adjusted Price-to-FCF Chart

Ingevity Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 12.71

Ingevity Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 12.58 12.71 13.27

Competitive Comparison of Ingevity's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Ingevity's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ingevity's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ingevity's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ingevity's Cyclically Adjusted Price-to-FCF falls into.



Ingevity Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Ingevity's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=53.55/3.6
=14.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ingevity's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Ingevity's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.791/131.7762*131.7762
=-0.791

Current CPI (Mar. 2024) = 131.7762.

Ingevity Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 -0.837 99.621 -1.107
201506 0.157 100.684 0.205
201509 0.002 100.392 0.003
201512 -0.005 99.792 -0.007
201603 -0.195 100.470 -0.256
201606 0.527 101.688 0.683
201609 0.542 101.861 0.701
201612 0.809 101.863 1.047
201703 -0.099 102.862 -0.127
201706 0.827 103.349 1.054
201709 1.563 104.136 1.978
201712 0.571 104.011 0.723
201803 -0.085 105.290 -0.106
201806 1.040 106.317 1.289
201809 1.620 106.507 2.004
201812 1.136 105.998 1.412
201903 -0.855 107.251 -1.051
201906 1.182 108.070 1.441
201909 2.265 108.329 2.755
201912 1.197 108.420 1.455
202003 0.970 108.902 1.174
202006 0.819 108.767 0.992
202009 1.199 109.815 1.439
202012 2.948 109.897 3.535
202103 0.838 111.754 0.988
202106 1.039 114.631 1.194
202109 1.887 115.734 2.149
202112 0.984 117.630 1.102
202203 -0.084 121.301 -0.091
202206 1.572 125.017 1.657
202209 1.678 125.227 1.766
202212 1.307 125.222 1.375
202303 -0.535 127.348 -0.554
202306 0.727 128.729 0.744
202309 2.017 129.860 2.047
202312 0.425 129.419 0.433
202403 -0.791 131.776 -0.791

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ingevity  (NYSE:NGVT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ingevity Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Ingevity's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Ingevity (Ingevity) Business Description

Industry
Traded in Other Exchanges
Address
4920 O'Hear Avenue, Suite 400, North Charleston, SC, USA, 29405
Ingevity Corp is a chemical manufacturer based in the United States. It conducts its operations through two segments, namely Performance Chemicals and Performance Materials. The bulk of its revenue is generated by the Performance Chemicals segment which deals with the manufacture and sale of specialty chemicals which find their use in a range of processes such as asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, and publication inks. The Performance Materials segment, on the other hand, focusses on automotive carbon products used in automobiles. The Company sells its products worldwide, with special emphasis on North America.
Executives
Christine Stunyo officer: SVP, Chief HR Officer 4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
White Richard Allen Jr officer: SVP, Perf Chem and Pres, ISPT 4920 O'HEAR AVE, SUITE 400, NORTH CHARLESTON SC 29405
Phillip John Platt officer: VP, CAO & Corporate Controller 5255 VIRGINIA AVE, NORTH CHARLESTON SC 29406
Woodcock Stuart Edward Jr. officer: EVP, President Perf Materials 5255 VIRGINIA AVE, NORTH CHARLESTON SC 29406
Bruce D. Hoechner director 2225 W CHANDLER BLVD, CHANDLER AZ 85224
Erik Spencer Ripple officer: Chief Growth & Innov Officer 4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
Benjamin G. Wright director 4920 O'HEAR AVENUE, SUITE 400, NORTH CHARLESTON SC 29405
William J Slocum director C/O INCLUSIVE CAPITAL PARTNERS, L.P., 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
J Michael Fitzpatrick director C/O CARPENTER TECHNOLOGY CORP, PO BOX 14662, READING PA 19612-4662
Diane H. Gulyas director C/O EXPEDITORS, 1015 THIRD AVENUE, SEATTLE WA 98104
Jean S Blackwell director
Frederick J Lynch director C/O MASONITE INTERNATIONAL CORPORATION, 201 NORTH FRANKLIN ST., SUITE 300, TAMPA FL 33602
Luis M Fernandez-moreno director ASHLAND INC., 8145 BLAZER DRIVE, WILMINGTON DE 19808
Karen G Narwold director ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209
Steven Paul Hulme officer: SVP, Perf Chem and Pres, EP 4920 O'HEAR AVE, SUITE 400, NORTH CHARLESTON SC 29405

Ingevity (Ingevity) Headlines

From GuruFocus

Ingevity appoints Christine Stunyo as chief human resources officer

By Business Wire Business Wire 06-27-2022

Ingevity announces changes to its Board of Directors

By Business Wire Business Wire 07-27-2022