Ingevity Corporation (NGVT) vs WD-40 Company (WDFC)

Ingevity Corporation and WD-40 Company are both Specialty Chemicals companies. Ingevity Corporation and WD-40 Company are of similar size ($2.7B and $2.5B). WD-40 Company trades at the lower P/E: 30.1× against 47.4×. Ingevity Corporation grew revenue faster over the last twelve months: 10.6% against 10.2%. WD-40 Company has the higher net margin (13.2% vs 4.65%) and the higher return on invested capital (23.0% vs 9.33%). Across the 22 metrics below, WD-40 Company leads on 13 and Ingevity Corporation on 9.

Valuation

Metric NGVT WDFC Specialty Chemicals median
P/E 47.40 30.13 24.83
P/S 2.18 3.97 1.46
P/B 54.00 9.61 1.76
Price to free cash flow 16.35 33.51 19.84
EV/EBITDA 14.40 20.99 13.18
EV/Sales 2.95 4.03 1.84
Earnings yield 2.11% 3.32% 2.11%
Free cash flow yield 6.12% 2.98% 2.29%

Profitability

Metric NGVT WDFC Specialty Chemicals median
Gross margin 41.13% 55.82% 29.23%
Operating margin 11.83% 17.48% 3.63%
Net margin 4.65% 13.19% 2.89%
Free cash flow margin 13.35% 11.88% 3.78%
Return on equity 64.44% 33.22% 3.62%
Return on assets 3.16% 18.62% 0.35%
Return on invested capital 9.33% 23.01% 2.75%

Growth

Metric NGVT WDFC Specialty Chemicals median
Revenue growth (TTM) 10.63% 10.15% 4.51%
EPS growth (last fiscal year) 61.10% 30.92% —
Revenue growth, 5-year CAGR (0.81%) 8.70% 6.30%
Net income growth, 5-year CAGR 0.00% 8.47% 0.00%

Health

Metric NGVT WDFC Specialty Chemicals median
Debt to equity 22.52 0.36 0.54
Current ratio 1.61 2.65 1.94
Net debt to EBITDA 4.40 0.25 2.03

Dividend

Metric NGVT WDFC Specialty Chemicals median
Dividend yield — 1.27% 1.69%
Payout ratio 0.00 0.69 0.25

Size

Metric NGVT WDFC Specialty Chemicals median
Market cap 2.47b 2.65b 2.43b

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