$Ingevity (NGVT.US)$In the past 5 years, revenue only declin...
$Ingevity(NGVT.US$In the past 5 years, revenue only declined slightly by 5.9% in 2020, and grew at a moderate rate for the remaining 4 years. Operating profit only fell 1.9% in 2020, an average growth rate of 14% for 5 years, net profit reached a high of 184 million in 2019, and fell sharply by 35% to 120 million in 2021 due to special expenses.
In the first three quarters of 2022, revenue increased by 21.7%, operating profit increased 16%, and net profit increased 1.2 times from a low level in 2021 to 196 million. Growth seems to have recovered.
Interest expenses in 2021 accounted for 15.5% of operating profit, and 12.5% for the first three quarters of 2022. The burden is heavy.
Over the past 5 years, the balance ratio has increased from 70.1% to 72.7%, and net assets have increased from 340 million to 670 million. The debt ratio did not change much in the first 3 quarters of 2022.
In 2021, accounts receivable increased by $24 million, inventory increased by $52 million, and operating profit for the same period was 307 million, which is quite normal.
Accounts receivable increased by 57 million dollars, inventory increased by 41 million, and operating profit of 300 million during the same period in the first three quarters of 2022. The ratio is also quite normal.
Goodwill and other intangible assets were 660 million yuan, accounting for 104% of net assets of 634 million yuan, accounting for a relatively high level.
Long-term loans were $1.153 billion, accounting for 182% of net assets, and the leverage ratio is very high.
Over the past five years, net operating volume has accumulated 1.35 billion dollars, net investment has accumulated 1.38 billion yuan, and shareholder surplus has decreased slightly.
Currently, the price-earnings ratio is 31, and the price-earnings ratio is TTM15.7. If calculated based on a 5-year average net profit of 160 million, the price-earnings ratio is 21. If net profit reaches 260 million in 2022, the price-earnings ratio will drop to 13.
When analyzing the report, it was discovered that the company carried out an acquisition in 2019, and interest expenses skyrocketed due to a sharp increase in long-term loans. The special expenses in 2021 may also be related to this acquisition. It seems that the aftermath of the acquisition has been getting smaller and smaller in the first 3 quarters of 2022, and both revenue and profit have resumed growth, so you can choose carefully (⭐️)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
