Ingevity Ebitda vs Ebit Analysis
NGVT Stock | USD 50.60 0.43 0.84% |
Ingevity Corp financial indicator trend analysis is infinitely more than just investigating Ingevity Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ingevity Corp is a good investment. Please check the relationship between Ingevity Corp Ebitda and its Ebit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ingevity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.
Ebitda vs Ebit
Ebitda vs Ebit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ingevity Corp Ebitda account and Ebit. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Ingevity Corp's Ebitda and Ebit is 0.96. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Ebit in the same time period over historical financial statements of Ingevity Corp, assuming nothing else is changed. The correlation between historical values of Ingevity Corp's Ebitda and Ebit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Ingevity Corp are associated (or correlated) with its Ebit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebit has no effect on the direction of Ebitda i.e., Ingevity Corp's Ebitda and Ebit go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebitda
Ebit
Most indicators from Ingevity Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ingevity Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ingevity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.At this time, Ingevity Corp's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.25 in 2024, whereas Selling General Administrative is likely to drop slightly above 159.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 47.7M | 54.3M | 93.3M | 98.0M | Depreciation And Amortization | 109.9M | 108.8M | 141.4M | 74.7M |
Ingevity Corp fundamental ratios Correlations
Click cells to compare fundamentals
Ingevity Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ingevity Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 42.2M | 41.5M | 40.1M | 38.5M | 36.5M | 33.0M | |
Total Assets | 2.1B | 2.3B | 2.5B | 2.7B | 2.6B | 1.7B | |
Short Long Term Debt Total | 1.2B | 1.3B | 1.3B | 1.5B | 1.5B | 870.1M | |
Other Current Liab | 83.1M | 72.6M | 91.4M | 104.5M | 92.2M | 68.7M | |
Total Current Liabilities | 215.5M | 223.4M | 268.9M | 303.5M | 362.9M | 219.0M | |
Total Stockholder Equity | 530.8M | 647.3M | 673.8M | 698.3M | 631.4M | 519.4M | |
Property Plant And Equipment Net | 664.7M | 703.6M | 719.7M | 798.6M | 829.4M | 627.5M | |
Net Debt | 1.2B | 1.0B | 974.6M | 1.4B | 1.4B | 767.8M | |
Accounts Payable | 99.1M | 104.2M | 125.8M | 174.8M | 158.4M | 115.1M | |
Cash | 56.5M | 257.7M | 275.4M | 76.7M | 96.5M | 102.3M | |
Non Current Assets Total | 1.7B | 1.7B | 1.7B | 2.1B | 2.0B | 1.2B | |
Non Currrent Assets Other | 103.7M | 183.6M | 202.7M | 220.1M | 32.6M | 31.0M | |
Cash And Short Term Investments | 56.5M | 257.7M | 275.4M | 76.7M | 96.5M | 102.3M | |
Net Receivables | 150M | 148M | 161.7M | 224.8M | 211M | 153.3M | |
Good Will | 439M | 445.3M | 442M | 518.5M | 527.5M | 553.9M | |
Liabilities And Stockholders Equity | 2.1B | 2.3B | 2.5B | 2.7B | 2.6B | 1.7B | |
Non Current Liabilities Total | 1.4B | 1.5B | 1.5B | 1.7B | 1.6B | 1.0B | |
Inventory | 212.5M | 189M | 241.2M | 335M | 309.8M | 217.4M | |
Other Current Assets | 34.9M | 6.5M | 6.1M | 42.5M | 41.3M | 43.4M | |
Other Stockholder Equity | 38.2M | (35.8M) | (135.8M) | (263M) | (344.6M) | (327.4M) | |
Total Liab | 1.6B | 1.7B | 1.8B | 2.0B | 2.0B | 1.2B | |
Property Plant And Equipment Gross | 718.1M | 752.7M | 1.5B | 1.6B | 1.7B | 878.9M | |
Total Current Assets | 463.2M | 628.7M | 724.9M | 679M | 658.6M | 504.0M | |
Accumulated Other Comprehensive Income | (5M) | 4.7M | 13.1M | (46.8M) | (26.7M) | (28.0M) | |
Intangible Assets | 396.2M | 373.3M | 337.6M | 404.8M | 385.3M | 211.4M | |
Other Liab | 126.4M | 196.4M | 276.3M | 221.4M | 254.6M | 133.8M | |
Net Tangible Assets | (324.5M) | (176.5M) | (105.8M) | (280M) | (252M) | (239.4M) | |
Current Deferred Revenue | (6.3M) | 4.4M | 14.7M | 6.8M | 9.2M | 9.0M | |
Other Assets | 100.9M | 146M | 291.4M | 268.3M | 232.9M | 145.9M | |
Long Term Debt | 1.2B | 1.3B | 1.3B | 1.5B | 1.4B | 927.7M | |
Short Long Term Debt | 22.5M | 26M | 19.6M | 900K | 84.4M | 88.6M | |
Short Term Debt | 39.6M | 42.2M | 37M | 17.4M | 103.1M | 108.3M | |
Property Plant Equipment | 719.3M | 703.6M | 719.7M | 855.3M | 983.6M | 639.3M | |
Retained Earnings | 497.2M | 678M | 796.1M | 1.0B | 1.0B | 546.3M | |
Long Term Debt Total | 741.2M | 1.2B | 1.3B | 1.3B | 1.4B | 863.1M | |
Deferred Long Term Liab | 2.5M | 117M | 114.6M | 5.1M | 5.9M | 5.6M | |
Retained Earnings Total Equity | 313.5M | 497.2M | 678M | 796.1M | 915.5M | 961.3M | |
Short Term Investments | 1.8M | 700K | 400K | 200K | 180K | 171K | |
Capital Surpluse | 98.3M | 112.8M | 121.3M | 136.3M | 156.7M | 114.5M |
Pair Trading with Ingevity Corp
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.Moving together with Ingevity Stock
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0.77 | ECVT | Ecovyst | PairCorr |
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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ingevity Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Ingevity Stock please use our How to Invest in Ingevity Corp guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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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.
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Is Ingevity Corp's industry 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 (3.05) | Revenue Per Share 45.206 | Quarterly Revenue Growth (0.13) | Return On Assets 0.0584 |
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.