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INGREDION INC (INGR) Stock Fundamental Analysis

USA - NYSE:INGR - US4571871023 - Common Stock

119.55 USD
-2.09 (-1.72%)
Last: 10/9/2025, 4:24:23 PM
120.126 USD
+0.58 (+0.48%)
After Hours: 10/9/2025, 4:24:23 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to INGR. INGR was compared to 87 industry peers in the Food Products industry. INGR gets an excellent profitability rating and is at the same time showing great financial health properties. INGR is valued quite cheap, while showing a decent growth score. This is a good combination! This makes INGR very considerable for value investing!


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

In the past year INGR was profitable.
In the past year INGR had a positive cash flow from operations.
INGR had positive earnings in each of the past 5 years.
Each year in the past 5 years INGR had a positive operating cash flow.
INGR Yearly Net Income VS EBIT VS OCF VS FCFINGR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

1.2 Ratios

INGR's Return On Assets of 8.69% is amongst the best of the industry. INGR outperforms 87.36% of its industry peers.
INGR has a Return On Equity of 16.11%. This is amongst the best in the industry. INGR outperforms 86.21% of its industry peers.
The Return On Invested Capital of INGR (12.25%) is better than 87.36% of its industry peers.
INGR had an Average Return On Invested Capital over the past 3 years of 10.82%. This is significantly below the industry average of 28.35%.
The 3 year average ROIC (10.82%) for INGR is below the current ROIC(12.25%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.69%
ROE 16.11%
ROIC 12.25%
ROA(3y)7.87%
ROA(5y)6.07%
ROE(3y)16.94%
ROE(5y)13.28%
ROIC(3y)10.82%
ROIC(5y)9.98%
INGR Yearly ROA, ROE, ROICINGR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

INGR's Profit Margin of 9.24% is amongst the best of the industry. INGR outperforms 83.91% of its industry peers.
INGR's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 14.87%, INGR belongs to the best of the industry, outperforming 83.91% of the companies in the same industry.
INGR's Operating Margin has improved in the last couple of years.
INGR has a better Gross Margin (25.57%) than 62.07% of its industry peers.
INGR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.87%
PM (TTM) 9.24%
GM 25.57%
OM growth 3Y10.37%
OM growth 5Y3.2%
PM growth 3Y72.48%
PM growth 5Y5.54%
GM growth 3Y7.68%
GM growth 5Y2.67%
INGR Yearly Profit, Operating, Gross MarginsINGR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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8

2. Health

2.1 Basic Checks

INGR has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for INGR has been reduced compared to 1 year ago.
Compared to 5 years ago, INGR has less shares outstanding
INGR has a better debt/assets ratio than last year.
INGR Yearly Shares OutstandingINGR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
INGR Yearly Total Debt VS Total AssetsINGR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

INGR has an Altman-Z score of 4.02. This indicates that INGR is financially healthy and has little risk of bankruptcy at the moment.
INGR has a Altman-Z score of 4.02. This is amongst the best in the industry. INGR outperforms 82.76% of its industry peers.
The Debt to FCF ratio of INGR is 2.23, which is a good value as it means it would take INGR, 2.23 years of fcf income to pay off all of its debts.
INGR has a better Debt to FCF ratio (2.23) than 83.91% of its industry peers.
INGR has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
INGR's Debt to Equity ratio of 0.43 is in line compared to the rest of the industry. INGR outperforms 51.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.23
Altman-Z 4.02
ROIC/WACC1.67
WACC7.32%
INGR Yearly LT Debt VS Equity VS FCFINGR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 2.78 indicates that INGR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.78, INGR belongs to the top of the industry, outperforming 80.46% of the companies in the same industry.
INGR has a Quick Ratio of 1.81. This is a normal value and indicates that INGR is financially healthy and should not expect problems in meeting its short term obligations.
INGR's Quick ratio of 1.81 is amongst the best of the industry. INGR outperforms 81.61% of its industry peers.
Industry RankSector Rank
Current Ratio 2.78
Quick Ratio 1.81
INGR Yearly Current Assets VS Current LiabilitesINGR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 24.54% over the past year.
Measured over the past years, INGR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.90% on average per year.
INGR shows a decrease in Revenue. In the last year, the revenue decreased by -5.16%.
Measured over the past years, INGR shows a small growth in Revenue. The Revenue has been growing by 3.66% on average per year.
EPS 1Y (TTM)24.54%
EPS 3Y16.87%
EPS 5Y9.9%
EPS Q2Q%0%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y2.53%
Revenue growth 5Y3.66%
Sales Q2Q%-2.4%

3.2 Future

INGR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.42% yearly.
INGR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.01% yearly.
EPS Next Y9.47%
EPS Next 2Y6.58%
EPS Next 3Y5.65%
EPS Next 5Y3.42%
Revenue Next Year-0.84%
Revenue Next 2Y0.87%
Revenue Next 3Y1.44%
Revenue Next 5Y1.01%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
INGR Yearly Revenue VS EstimatesINGR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2B 4B 6B 8B
INGR Yearly EPS VS EstimatesINGR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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8

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.38, the valuation of INGR can be described as reasonable.
INGR's Price/Earnings ratio is rather cheap when compared to the industry. INGR is cheaper than 82.76% of the companies in the same industry.
INGR is valuated cheaply when we compare the Price/Earnings ratio to 27.91, which is the current average of the S&P500 Index.
INGR is valuated reasonably with a Price/Forward Earnings ratio of 9.90.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INGR indicates a rather cheap valuation: INGR is cheaper than 88.51% of the companies listed in the same industry.
INGR is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.30, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.38
Fwd PE 9.9
INGR Price Earnings VS Forward Price EarningsINGR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

INGR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. INGR is cheaper than 78.16% of the companies in the same industry.
INGR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. INGR is cheaper than 83.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.56
EV/EBITDA 6.66
INGR Per share dataINGR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of INGR may justify a higher PE ratio.
PEG (NY)1.1
PEG (5Y)1.05
EPS Next 2Y6.58%
EPS Next 3Y5.65%

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5

5. Dividend

5.1 Amount

INGR has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
INGR's Dividend Yield is a higher than the industry average which is at 4.92.
INGR's Dividend Yield is comparable with the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 2.74%

5.2 History

The dividend of INGR has a limited annual growth rate of 4.40%.
INGR has paid a dividend for at least 10 years, which is a reliable track record.
INGR has decreased its dividend recently.
Dividend Growth(5Y)4.4%
Div Incr Years1
Div Non Decr Years1
INGR Yearly Dividends per shareINGR Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

INGR pays out 31.36% of its income as dividend. This is a sustainable payout ratio.
The dividend of INGR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y6.58%
EPS Next 3Y5.65%
INGR Yearly Income VS Free CF VS DividendINGR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M 1B
INGR Dividend Payout.INGR Dividend Payout, showing the Payout Ratio.INGR Dividend Payout.PayoutRetained Earnings

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INGREDION INC

NYSE:INGR (10/9/2025, 4:24:23 PM)

After market: 120.126 +0.58 (+0.48%)

119.55

-2.09 (-1.72%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)11-03 2025-11-03/bmo
Inst Owners93.91%
Inst Owner Change0.01%
Ins Owners0.82%
Ins Owner Change0.12%
Market Cap7.67B
Analysts76.92
Price Target150.85 (26.18%)
Short Float %3.15%
Short Ratio3.99
Dividend
Industry RankSector Rank
Dividend Yield 2.74%
Yearly Dividend3.24
Dividend Growth(5Y)4.4%
DP31.36%
Div Incr Years1
Div Non Decr Years1
Ex-Date10-01 2025-10-01 (0.82)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.78%
Min EPS beat(2)0.92%
Max EPS beat(2)20.64%
EPS beat(4)4
Avg EPS beat(4)9.44%
Min EPS beat(4)0.51%
Max EPS beat(4)20.64%
EPS beat(8)7
Avg EPS beat(8)8.85%
EPS beat(12)10
Avg EPS beat(12)10.12%
EPS beat(16)13
Avg EPS beat(16)8.14%
Revenue beat(2)0
Avg Revenue beat(2)-4.09%
Min Revenue beat(2)-4.88%
Max Revenue beat(2)-3.31%
Revenue beat(4)0
Avg Revenue beat(4)-4.95%
Min Revenue beat(4)-5.81%
Max Revenue beat(4)-3.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.24%
Revenue beat(12)0
Avg Revenue beat(12)-5.7%
Revenue beat(16)3
Avg Revenue beat(16)-3.72%
PT rev (1m)0%
PT rev (3m)-1.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.31%
EPS NY rev (1m)0.32%
EPS NY rev (3m)1.18%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.92%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-1.15%
Valuation
Industry RankSector Rank
PE 10.38
Fwd PE 9.9
P/S 1.05
P/FCF 9.56
P/OCF 6.52
P/B 1.83
P/tB 2.63
EV/EBITDA 6.66
EPS(TTM)11.52
EY9.64%
EPS(NY)12.08
Fwd EY10.1%
FCF(TTM)12.51
FCFY10.47%
OCF(TTM)18.34
OCFY15.34%
SpS113.99
BVpS65.39
TBVpS45.45
PEG (NY)1.1
PEG (5Y)1.05
Profitability
Industry RankSector Rank
ROA 8.69%
ROE 16.11%
ROCE 16.69%
ROIC 12.25%
ROICexc 14.12%
ROICexgc 18.22%
OM 14.87%
PM (TTM) 9.24%
GM 25.57%
FCFM 10.98%
ROA(3y)7.87%
ROA(5y)6.07%
ROE(3y)16.94%
ROE(5y)13.28%
ROIC(3y)10.82%
ROIC(5y)9.98%
ROICexc(3y)11.98%
ROICexc(5y)11%
ROICexgc(3y)15.53%
ROICexgc(5y)14.43%
ROCE(3y)15.46%
ROCE(5y)14.31%
ROICexcg growth 3Y14.86%
ROICexcg growth 5Y5.37%
ROICexc growth 3Y15.04%
ROICexc growth 5Y5.66%
OM growth 3Y10.37%
OM growth 5Y3.2%
PM growth 3Y72.48%
PM growth 5Y5.54%
GM growth 3Y7.68%
GM growth 5Y2.67%
F-Score7
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.23
Debt/EBITDA 1.37
Cap/Depr 173.95%
Cap/Sales 5.11%
Interest Coverage 250
Cash Conversion 90.33%
Profit Quality 118.79%
Current Ratio 2.78
Quick Ratio 1.81
Altman-Z 4.02
F-Score7
WACC7.32%
ROIC/WACC1.67
Cap/Depr(3y)141.49%
Cap/Depr(5y)144.09%
Cap/Sales(3y)3.9%
Cap/Sales(5y)4.35%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.54%
EPS 3Y16.87%
EPS 5Y9.9%
EPS Q2Q%0%
EPS Next Y9.47%
EPS Next 2Y6.58%
EPS Next 3Y5.65%
EPS Next 5Y3.42%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y2.53%
Revenue growth 5Y3.66%
Sales Q2Q%-2.4%
Revenue Next Year-0.84%
Revenue Next 2Y0.87%
Revenue Next 3Y1.44%
Revenue Next 5Y1.01%
EBIT growth 1Y20.22%
EBIT growth 3Y13.16%
EBIT growth 5Y6.97%
EBIT Next Year26.71%
EBIT Next 3Y10.25%
EBIT Next 5Y4.96%
FCF growth 1Y542.4%
FCF growth 3Y131.07%
FCF growth 5Y26.38%
OCF growth 1Y170.58%
OCF growth 3Y54.15%
OCF growth 5Y16.13%