What is Ingevity Corp worth?
With the base-case assumptions below, a discounted cash flow model on Ingevity Corp's reported free cash flow gives $95.53 per share. The share price was $60.78 on November 10, 2026, 36% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -6.0% | 10.0% | $59.14 | -3% |
| Base | -1.0% | 9.0% | $95.53 | +57% |
| Bull | 4.0% | 8.0% | $163.47 | +169% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $120.52 | $127.99 | $137.11 | $148.51 | $163.17 |
| 8.0% | $102.00 | $106.84 | $112.56 | $119.43 | $127.82 |
| 9.0% | $88.40 | $91.71 | $95.53 | $99.99 | $105.25 |
| 10.0% | $78.00 | $80.35 | $83.02 | $86.06 | $89.58 |
| 11.0% | $69.77 | $71.49 | $73.42 | $75.59 | $78.05 |
Where the presets come from
Base: years 1 to 5 grow at Ingevity Corp's revenue growth rate over the last 5 fiscal years (-0.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions