(ECVT) Ecovyst - Overview
Sector: Basic Materials | Industry: Specialty Chemicals | Exchange: NYSE (USA) | Market Cap: 1.472m USD | Total Return: 86.9% in 12m
Avg Turnover: 21.8M
EPS Trend: -58.0%
Qual. Beats: 2
Rev. Trend: 44.5%
Qual. Beats: 1
Warnings
P/E ratio 79.1
Altman Z'' 0.28 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Ecovyst Inc. (NYSE: ECVT) specializes in the production and regeneration of sulfuric acid, serving critical roles in the refining, mining, and water treatment sectors. The company provides end-to-end logistics solutions, particularly for the production of alkylate, a high-octane blending component used by refineries to produce cleaner-burning fuels. Founded in 1831 and formerly known as PQ Group Holdings Inc., the firm rebranded in 2021 to reflect its focus on sustainable chemical technologies.
The sulfuric acid market operates on a circular economy model where spent acid from industrial processes is collected, purified, and returned to customers as virgin grade material. This business model creates high barriers to entry due to the specialized logistics and regulatory requirements associated with transporting hazardous chemicals. Investors seeking deeper insights into these industrial cycles may find further data on ValueRay.
- Refining industry demand for sulfuric acid regeneration drives core revenue growth
- Fluctuations in global sulfur and natural gas prices impact operational margins
- Tightening environmental regulations increase demand for catalyst and emission control technologies
- Mining and water treatment sector growth dictates secondary sulfuric acid sales volume
- High debt leverage makes interest rate volatility a significant valuation risk factor
| Net Income: -63.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 4.28 > 1.0 |
| NWC/Revenue: 21.53% < 20% (prev 27.35%; Δ -5.83% < -1%) |
| CFO/TA 0.12 > 3% & CFO 147.0m > Net Income -63.2m |
| Net Debt (283.8m) to EBITDA (159.2m): 1.78 < 3 |
| Current Ratio: 2.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (111.8m) vs 12m ago -4.67% < -2% |
| Gross Margin: 21.99% > 18% (prev 0.26%; Δ 2.17k% > 0.5%) |
| Asset Turnover: 54.02% > 50% (prev 38.45%; Δ 15.57% > 0%) |
| Interest Coverage Ratio: 2.81 > 6 (EBITDA TTM 159.2m / Interest Expense TTM 29.6m) |
| A: 0.14 (Total Current Assets 304.3m - Total Current Liabilities 127.9m) / Total Assets 1.25b |
| B: -0.20 (Retained Earnings -244.3m / Total Assets 1.25b) |
| C: 0.05 (EBIT TTM 83.2m / Avg Total Assets 1.52b) |
| D: -0.36 (Book Value of Equity -238.7m / Total Liabilities 671.4m) |
| Altman-Z'' = 0.28 = B |
| DSRI: 1.03 (Receivables 94.1m/76.9m, Revenue 819.4m/687.1m) |
| GMI: 1.19 (GM 21.99% / 26.09%) |
| AQI: 0.68 (AQ_t 0.34 / AQ_t-1 0.50) |
| SGI: 1.19 (Revenue 819.4m / 687.1m) |
| TATA: -0.17 (NI -63.2m - CFO 147.0m) / TA 1.25b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 13.33 with a total of 2,143,819 shares traded.
Over the past week, the price has changed by -5.15%,
over one month by +0.44%,
over three months by +20.93% and
over the past year by +86.87%.
Ecovyst has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy ECVT.
- StrongBuy: 4
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 15.6 | 17% |
P/E Forward = 22.5734
P/S = 1.8523
P/B = 2.6603
Revenue TTM = 819.4m USD
EBIT TTM = 83.2m USD
EBITDA TTM = 159.2m USD
Long Term Debt = 392.8m USD (from longTermDebt, last quarter)
Short Term Debt = 10.3m USD (from shortTermDebt, last quarter)
Debt = 446.4m USD (corrected: LT Debt 392.8m + ST Debt 10.3m) + Leases 43.3m
Net Debt = 283.8m USD (calculated: Debt 446.4m - CCE 162.6m)
Enterprise Value = 1.76b USD (1.47b + Debt 446.4m - CCE 162.6m)
Interest Coverage Ratio = 2.81 (Ebit TTM 83.2m / Interest Expense TTM 29.6m)
EV/FCF = 20.25x (Enterprise Value 1.76b / FCF TTM 86.7m)
FCF Yield = 4.94% (FCF TTM 86.7m / Enterprise Value 1.76b)
FCF Margin = 10.58% (FCF TTM 86.7m / Revenue TTM 819.4m)
Net Margin = -7.71% (Net Income TTM -63.2m / Revenue TTM 819.4m)
Gross Margin = 21.99% ((Revenue TTM 819.4m - Cost of Revenue TTM 639.3m) / Revenue TTM)
Gross Margin QoQ = 15.94% (prev 23.44%)
Tobins Q-Ratio = 1.41 (Enterprise Value 1.76b / Total Assets 1.25b)
Interest Expense / Debt = 6.63% (Interest Expense 29.6m / Debt 446.4m)
Taxrate = 38.45% (3.59m / 9.34m)
NOPAT = 51.2m (EBIT 83.2m * (1 - 38.45%))
Current Ratio = 2.38 (Total Current Assets 304.3m / Total Current Liabilities 127.9m)
Debt / Equity = 0.78 (Debt 446.4m / totalStockholderEquity, last quarter 575.2m)
Debt / EBITDA = 1.78 (Net Debt 283.8m / EBITDA 159.2m)
Debt / FCF = 3.27 (Net Debt 283.8m / FCF TTM 86.7m)
Total Stockholder Equity = 619.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.17% (Net Income -63.2m / Total Assets 1.25b)
RoE = -7.32% (Net Income TTM -63.2m / Total Stockholder Equity 864.0m)
RoCE = 6.62% (EBIT 83.2m / Capital Employed (Equity 864.0m + L.T.Debt 392.8m))
RoIC = 4.94% (NOPAT 51.2m / Invested Capital 1.04b)
WACC = 9.82% (E(1.47b)/V(1.92b) * Re(11.56%) + D(446.4m)/V(1.92b) * Rd(6.63%) * (1-Tc(0.38)))
Discount Rate = 11.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -2.07%
[DCF] Terminal Value 73.36% ; FCFF base≈71.1m ; Y1≈81.5m ; Y5≈120.0m
[DCF] Fair Price = 10.51 (EV 1.43b - Net Debt 283.8m = Equity 1.15b / Shares 109.5m; r=9.82% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -58.02 | EPS CAGR: -9.94% | SUE: 1.07 | # QB: 2
Revenue Correlation: 44.46 | Revenue CAGR: 2.67% | SUE: 3.09 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.19 | Chg30d=+10.99% | Revisions=+20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.21 | Chg30d=+13.88% | Revisions=N/A | Analysts=4
EPS current Year (2026-12-31): EPS=0.65 | Chg30d=+7.97% | Revisions=+43% | GrowthEPS=+66.6% | GrowthRev=+32.4%
EPS next Year (2027-12-31): EPS=0.85 | Chg30d=+10.82% | Revisions=+43% | GrowthEPS=+30.8% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +43%