Ingevity's stock's poor performance over the past year and the annualized loss of 9% over the last half decade may indicate unresolved challenges. Contrarian investors might research the stock in hope of a turnaround.
The lack of Ingevity insider buying and not particularly high level of insider ownership do not provide much encouragement. Be aware of the risks facing this company.
Ingevity's respectable ROE may be misleading due to high debt usage, potentially increasing future risk. High ROE doesn't always signify profitability, especially with high debt. Future profit growth and required investment should also be considered.
Ingevity's earnings are contracting and expected to fall more, explaining its low P/E ratio. There's potential for lower P/E if profitability doesn't improve, making a significant share price rise hard to foresee.
Ingevity seems to be undervalued considering its optimistic future profit outlook. Entering or adding holdings could be beneficial, yet investors should also weigh in factors such as management performance and risk profiles.
Insiders offloading shares above current price does not reflect their view on it. However, disappointment arises due to a low ratio of insider ownership and a lack of recent insider purchases, disappointing for stock prospects.
Discrepancy between EPS and share price suggests changing market sentiment. Contrarian investors may explore, despite investment risks, hoping for a turnaround.
Ingevity股票討論區
新增數據:2023Q2
2023Q2營收增長14.7%,營業利潤受毛利率下滑影響微降0.4%,淨利潤則受其它費用影響大幅滑落40.6%,這使得上半年營收增長8.9%,營業利潤下滑9.7%,淨利潤下滑28.5%。
商譽及其他無形資產9.21億,是7.14億淨資產的1.3倍,資產非常虛,加上長期借款達到15.26億,槓桿率極高。
目前市盈率9,市盈率TTM提高到10.5,目前的估值相對於風險來說沒有任何折扣,平倉退出。
2022前三季度營收增長21.7%,營業利潤增長16%,淨利潤在2021年較低基礎上增長1.2倍到1.96億,增長似乎恢復了。
2021年利息費用佔營業利潤的15.5%,2022前三季度佔12.5%,負擔重等。
5年來資產負債率從70.1%增長到72.7%,淨資產從3.4億增長到6.7億,2022前3季度負債率變化不大。
2021年應收帳款增加0.24億,存貨增加0.52億,同期營業利潤爲3.07億,還算正常。
2022前3季度應收帳款增加0.57億,存貨增加0.41億,同期營業利潤3億,比例也算正常。
商譽及其他無形資產6.6億,佔淨資產6.34億的104%,佔比較高。
長期借款11.53億,佔淨資產的182%,槓桿率非常高。
5年來經營淨額累計13.5億,投資淨額累計13.8億,股東盈餘略微減少。
目前市盈率31,市盈率TTM15.7,如果...
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