A Business at a Glance
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INNOSPEC INC.
IOSP
$2.1B
Mkt Cap
$84.76
+0.80%
INNOSPEC INC. (IOSP) has a current P/E ratio of 18.1, compared to its historical median P/E of 21.3. The stock is currently considered Fair based on its historical valuation range.
INNOSPEC INC. (IOSP) has a 5-year average return on invested capital (ROIC) of 13.2%. This indicates solid capital allocation.
INNOSPEC INC. (IOSP) has a market capitalization of $2.5B. It is classified as a mid-cap stock.
Yes, INNOSPEC INC. (IOSP) pays a dividend with a trailing twelve-month yield of 2.02%. The company also returns capital through share buybacks, with a buyback yield of 1.05%.
Based on historical P/E analysis, INNOSPEC INC. (IOSP) appears fair. The current P/E of 18.1 is 15% below its historical median of 21.3. The estimated fair value CAGR (P/E method) is 0.1%.
INNOSPEC INC. (IOSP) operates in the Chemicals & Allied Products industry, within the Materials sector.
INNOSPEC INC. (IOSP) reported annual revenue of $1.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
When we use the terms “Innospec,” “the Corporation,” “the Company,” “Registrant,” “we,” “us” and “our,” we are referring to Innospec Inc. and its consolidated subsidiaries unless otherwise indicated or the context otherwise requires. Innospec develops, manufactures, blends, markets and supplies a wide range of specialty chemicals to customers in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Our Performance Chemicals business creates innovative technology-based solutions for the personal care, home care, agrochemical, construction, mining and other industrial markets. Our Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Our Oilfield Services business supplies chemicals for drilling, completion, production and drag reducing agents ("DRA") which make oil and gas exploration and production more cost-efficient and environmentally friendly.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.8B | 1.8B | 1.9B | 2.0B | 1.5B |
| Net Income | 114M | 117M | 36M | 139M | 133M | 93M |
| EPS | $3.86 | $4.67 | $1.42 | $5.56 | $5.32 | $3.75 |
| Free Cash Flow | 77M | 88M | 143M | 145M | 42M | 54M |
| ROIC | 10.0% | 10.9% | 16.1% | 13.7% | 14.8% | 10.4% |
| Gross Margin | 27.4% | 27.7% | 29.4% | 30.3% | 29.9% | 29.3% |
| Debt/Equity | 0.00 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Dividends/Share | $0.00 | $1.71 | $1.55 | $1.41 | $1.28 | $1.16 |
| Operating Income | 124M | 130M | 178M | 162M | 187M | 132M |
| Operating Margin | 6.9% | 7.3% | 9.6% | 8.3% | 9.5% | 8.9% |
| ROE | 8.5% | 9.2% | 3.0% | 12.7% | 12.8% | 9.4% |
| Shares Outstanding | 30M | 25M | 25M | 25M | 25M | 25M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 961M | 1.0B | 883M | 1.3B | 1.5B | 1.5B | 1.2B | 1.5B | 2.0B | 1.9B | 1.8B | 1.8B | 1.8B |
| Gross Margin | 31.4% | 34.2% | 37.6% | 30.9% | 29.5% | 30.8% | 28.7% | 29.3% | 29.9% | 30.3% | 29.4% | 27.7% | 27.4% |
| R&D | 22M | 25M | 25M | 31M | 33M | 35M | 31M | 37M | 39M | 49M | 57M | 51M | 52M |
| SG&A | 169M | 207M | 217M | 244M | 261M | 281M | 237M | 267M | 361M | 381M | 305M | 285M | 294M |
| EBIT | 113M | 156M | 98M | 125M | 134M | 150M | 34M | 132M | 187M | 162M | 178M | 130M | 124M |
| Op. Margin | 11.7% | 15.4% | 11.1% | 9.6% | 9.0% | 9.9% | 2.8% | 8.9% | 9.5% | 8.3% | 9.6% | 7.3% | 6.9% |
| Net Income | 84M | 120M | 89M | 62M | 85M | 112M | 29M | 93M | 133M | 139M | 36M | 117M | 114M |
| Net Margin | 8.8% | 11.8% | 10.0% | 4.7% | 5.8% | 7.4% | 2.4% | 6.3% | 6.8% | 7.1% | 1.9% | 6.6% | 6.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 7.1M | 0 | 21M | 5.7M | 5.3M | 0 | 200K | 24M | 24M |
| Returns on Capital | |||||||||||||
| ROIC | 15.8% | 20.4% | 10.9% | 8.6% | 9.4% | 12.1% | 2.7% | 10.4% | 14.8% | 13.7% | 16.1% | 10.9% | 10.0% |
| ROE | 18.2% | 21.3% | 14.1% | 8.5% | 10.5% | 12.9% | 3.1% | 9.4% | 12.8% | 12.7% | 3.0% | 9.2% | 8.5% |
| ROA | 9.4% | 11.8% | 8.0% | 4.8% | 5.9% | 7.6% | 2.0% | 6.3% | 8.4% | 8.4% | 2.1% | 6.5% | 6.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 106M | 118M | 106M | 83M | 105M | 162M | 146M | 93M | 82M | 207M | 185M | 138M | 128M |
| Free Cash Flow | 93M | 101M | 89M | 59M | 76M | 132M | 116M | 54M | 42M | 145M | 143M | 88M | 77M |
| Owner Earnings | 75M | 79M | 64M | 28M | 50M | 107M | 94M | 46M | 35M | 160M | 133M | 87M | 77M |
| CapEx | 14M | 18M | 17M | 23M | 29M | 30M | 30M | 39M | 40M | 62M | 41M | 50M | 51M |
| Maint. CapEx | 29M | 35M | 38M | 50M | 50M | 48M | 46M | 43M | 40M | 39M | 44M | 44M | 43M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23M | 0 | 6.7M | 8.2M |
| D&A | 29M | 35M | 38M | 50M | 50M | 48M | 46M | 43M | 40M | 39M | 44M | 44M | 43M |
| CapEx/OCF | 12.7% | 15.0% | 15.6% | 28.2% | 27.6% | 18.5% | 20.4% | 42.0% | 48.5% | 30.0% | 22.4% | 36.4% | 39.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 13M | 15M | 16M | 19M | 22M | 25M | 26M | 29M | 32M | 35M | 39M | 42M | 0 |
| Dividend Yield | 1.5% | 1.5% | 1.3% | 1.3% | 1.3% | 1.3% | 1.4% | 1.3% | 1.4% | 1.4% | 1.3% | 2.0% | N/A |
| Share Buybacks | 6.9M | 15M | 8.4M | 1.1M | 1.4M | 2.4M | 2.1M | 800K | 5.9M | 1.1M | 700K | 24M | 26M |
| Buyback Yield | 0.7% | 1.3% | 0.6% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.2% | 0.0% | 0.0% | 1.2% | 1.0% |
| Stock-Based Comp | 2.6M | 3.7M | 3.3M | 4.1M | 4.9M | 6.6M | 5.8M | 4.4M | 6.7M | 8.0M | 8.5M | 8.1M | 7.8M |
| Debt Repayment | 1.7M | 400K | 1.1M | 2.5M | 2.7M | 1.7M | 1.1M | 600K | 100K | 2.3M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 93M | -10M | 167M | 128M | 85M | 15M | -64M | -106M | -102M | -156M | -244M | -240M | -289M |
| Cash & Equiv. | 42M | 137M | 102M | 90M | 123M | 76M | 105M | 142M | 147M | 204M | 289M | 293M | 289M |
| Long-Term Debt | 139M | 132M | 259M | 203M | 186M | 59M | 0 | 0 | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.27 | 0.22 | 0.41 | 0.28 | 0.25 | 0.10 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.00 |
| Interest Coverage | 29.6 | 68.0 | 37.8 | 17.4 | 20.5 | 31.2 | 42.1 | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 516M | 605M | 654M | 794M | 825M | 919M | 944M | 1.0B | 1.0B | 1.1B | 1.2B | 1.3B | 1.3B |
| Total Assets | 1000M | 1.0B | 1.2B | 1.4B | 1.5B | 1.5B | 1.4B | 1.6B | 1.6B | 1.7B | 1.7B | 1.8B | 1.8B |
| Total Liabilities | 484M | 423M | 528M | 616M | 648M | 550M | 453M | 538M | 563M | 558M | 519M | 500M | 468M |
| Intangibles | 181M | 169M | 144M | 163M | 136M | 114M | 75M | 58M | 45M | 57M | 65M | 68M | 69M |
| Retained Earnings | 392M | 496M | 562M | 605M | 668M | 756M | 759M | 823M | 924M | 1.0B | 1.0B | 1.1B | 1.1B |
| Working Capital | 191M | 253M | 258M | 300M | 367M | 327M | 314M | 392M | 467M | 514M | 585M | 645M | 664M |
| Current Assets | 414M | 459M | 441M | 562M | 664M | 630M | 566M | 728M | 873M | 886M | 957M | 1.0B | 999M |
| Current Liabilities | 223M | 206M | 183M | 262M | 297M | 304M | 252M | 337M | 406M | 372M | 371M | 360M | 335M |
| Per Share Data | |||||||||||||
| EPS | 3.38 | 4.86 | 3.33 | 2.52 | 3.45 | 4.54 | 1.16 | 3.75 | 5.32 | 5.56 | 1.42 | 4.67 | 3.86 |
| Owner EPS | 3.00 | 3.23 | 2.41 | 1.15 | 2.05 | 4.35 | 3.80 | 1.86 | 1.40 | 6.40 | 5.29 | 3.47 | 2.61 |
| Book Value | 20.73 | 24.61 | 24.59 | 32.37 | 33.49 | 37.17 | 38.17 | 41.58 | 41.52 | 45.85 | 48.31 | 53.11 | 45.51 |
| Cash Flow/Share | 4.27 | 4.81 | 3.97 | 3.37 | 4.26 | 6.54 | 5.90 | 3.75 | 3.27 | 8.29 | 7.36 | 5.54 | 5.31 |
| Dividends/Share | 0.55 | 0.61 | 0.67 | 0.77 | 0.89 | 1.02 | 1.04 | 1.16 | 1.28 | 1.41 | 1.55 | 1.71 | 0.00 |
| Shares Out. | 24.9M | 24.6M | 26.6M | 24.5M | 24.6M | 24.7M | 24.7M | 24.8M | 25.0M | 25.0M | 25.1M | 25.0M | 29.6M |
| Valuation | |||||||||||||
| P/E Ratio | 11.0 | 9.8 | 18.6 | 25.1 | 16.1 | 20.9 | 72.6 | 23.1 | 18.5 | 21.7 | 76.3 | 16.8 | 21.9 |
| P/FCF | 10.0 | 11.6 | 18.5 | 26.2 | 18.0 | 17.8 | 17.9 | 39.7 | 58.5 | 20.7 | 19.0 | 22.2 | 32.6 |
| EV/EBIT | 9.0 | 7.4 | 15.1 | 12.9 | 10.1 | 15.0 | 55.6 | 14.1 | N/A | N/A | N/A | N/A | 17.9 |
| Price/Book | 1.8 | 1.9 | 2.3 | 2.0 | 1.7 | 2.6 | 2.2 | 2.1 | 2.4 | 2.6 | 2.2 | 1.5 | 1.9 |
| Price/Sales | 0.9 | 1.0 | 1.3 | 1.1 | 1.1 | 1.3 | 1.5 | 1.5 | 1.2 | 1.3 | 1.6 | 1.2 | 1.4 |
| FCF Yield | 10.0% | 8.6% | 5.9% | 3.8% | 5.5% | 5.6% | 5.6% | 2.5% | 1.7% | 4.8% | 5.3% | 4.5% | 3.1% |
| Market Cap | 924M | 1.2B | 1.5B | 1.6B | 1.4B | 2.3B | 2.1B | 2.1B | 2.5B | 3.0B | 2.7B | 2.0B | 2.5B |
| Avg. Price | 36.14 | 40.91 | 46.87 | 57.32 | 65.57 | 78.19 | 72.92 | 87.65 | 91.62 | 100.22 | 115.90 | 86.79 | 84.76 |
| Year-End Price | 37.15 | 47.61 | 61.89 | 63.35 | 55.58 | 94.89 | 84.16 | 86.55 | 98.48 | 120.39 | 108.30 | 78.40 | 84.76 |
INNOSPEC INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
INNOSPEC INC. trades at 18.1x trailing earnings, compared to its 15-year median P/E of 21.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 23.9x vs a median of 19.9x. The company's 5-year average ROIC is 13.2% with a gross margin of 29.3%. Total shareholder yield (dividends + buybacks) is 3.1%. At current prices, the estimated annualized return to fair value is +3.4%.
INNOSPEC INC. (IOSP) has a net profit margin of 6.6%. This is a modest margin.
INNOSPEC INC. (IOSP) generated $88 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
INNOSPEC INC. (IOSP) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
INNOSPEC INC. (IOSP) reported earnings per share (EPS) of $4.67 in its most recent fiscal year.
INNOSPEC INC. (IOSP) has a return on equity (ROE) of 9.2%. This indicates moderate shareholder returns.
INNOSPEC INC. (IOSP) has a 5-year average gross margin of 29.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for INNOSPEC INC. (IOSP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
INNOSPEC INC. (IOSP) has a book value per share of $53.11, based on its most recent annual SEC filing.