Hawkins, Inc. (HWKN) vs Ingevity Corporation (NGVT)

Hawkins, Inc. and Ingevity Corporation are both Specialty Chemicals companies. Hawkins, Inc. and Ingevity Corporation are of similar size ($2.6B and $2.5B). Hawkins, Inc. trades at the lower P/E: 33.2× against 47.4×. Ingevity Corporation grew revenue faster over the last twelve months: 10.6% against 9.32%. Hawkins, Inc. has the higher net margin (7.29% vs 4.65%) and the higher return on invested capital (9.45% vs 9.33%). Across the 22 metrics below, Hawkins, Inc. leads on 12 and Ingevity Corporation on 10.

Valuation

Metric HWKN NGVT Specialty Chemicals median
P/E 33.17 47.40 24.83
P/S 2.42 2.18 1.46
P/B 4.89 54.00 1.76
Price to free cash flow 28.87 16.35 19.84
EV/EBITDA 16.93 14.40 13.18
EV/Sales 2.65 2.95 1.84
Earnings yield 3.01% 2.11% 2.11%
Free cash flow yield 3.46% 6.12% 2.29%

Profitability

Metric HWKN NGVT Specialty Chemicals median
Gross margin 22.30% 41.13% 29.23%
Operating margin 10.73% 11.83% 3.63%
Net margin 7.29% 4.65% 2.89%
Free cash flow margin 8.40% 13.35% 3.78%
Return on equity 15.61% 64.44% 3.62%
Return on assets 8.08% 3.16% 0.35%
Return on invested capital 9.45% 9.33% 2.75%

Growth

Metric HWKN NGVT Specialty Chemicals median
Revenue growth (TTM) 9.32% 10.63% 4.51%
EPS growth (last fiscal year) (2.98%) 61.10% —
Revenue growth, 5-year CAGR 12.67% (0.81%) 6.30%
Net income growth, 5-year CAGR 14.75% 0.00% 0.00%

Health

Metric HWKN NGVT Specialty Chemicals median
Debt to equity 0.45 22.52 0.54
Current ratio 2.27 1.61 1.94
Net debt to EBITDA 1.38 4.40 2.03

Dividend

Metric HWKN NGVT Specialty Chemicals median
Dividend yield 1.01% — 1.69%
Payout ratio 0.19 0.00 0.25

Size

Metric HWKN NGVT Specialty Chemicals median
Market cap 2.64b 2.47b 2.43b

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