INGREDION INC (INGR) Stock Fundamental Analysis
USA - NYSE:INGR - US4571871023 - Common Stock
124.485 USD
+0.55 (+0.45%)
INGR gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 89 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 may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make INGR a good candidate for value investing.
1. Profitability
1.1 Basic Checks
INGR had positive earnings in the past year.
In the past year INGR had a positive cash flow from operations.
INGR had positive earnings in each of the past 5 years.
In the past 5 years INGR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of INGR (8.69%) is better than 87.64% of its industry peers.
Looking at the Return On Equity, with a value of 16.11%, INGR belongs to the top of the industry, outperforming 85.39% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 12.25%, INGR belongs to the top of the industry, outperforming 86.52% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for INGR is significantly below the industry average of 28.32%.
The 3 year average ROIC (10.82%) for INGR is below the current ROIC(12.25%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
INGR's Profit Margin of 9.24% is amongst the best of the industry. INGR outperforms 83.15% of its industry peers.
INGR's Profit Margin has improved in the last couple of years.
INGR's Operating Margin of 14.87% is amongst the best of the industry. INGR outperforms 84.27% of its industry peers.
INGR's Operating Margin has improved in the last couple of years.
The Gross Margin of INGR (25.57%) is comparable to the rest of the industry.
INGR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), INGR is creating some value.
The number of shares outstanding for INGR has been reduced compared to 1 year ago.
The number of shares outstanding for INGR has been reduced compared to 5 years ago.
INGR has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.05 indicates that INGR is not in any danger for bankruptcy at the moment.
INGR has a Altman-Z score of 4.05. This is amongst the best in the industry. INGR outperforms 80.90% 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 Debt to FCF ratio of 2.23. This is amongst the best in the industry. INGR outperforms 84.27% 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.
With a Debt to Equity ratio value of 0.43, INGR perfoms like the industry average, outperforming 52.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 2.23 | ||
| Altman-Z | 4.05 |
ROIC/WACC1.68
WACC7.29%
2.3 Liquidity
INGR has a Current Ratio of 2.78. This indicates that INGR is financially healthy and has no problem in meeting its short term obligations.
INGR has a Current ratio of 2.78. This is in the better half of the industry: INGR outperforms 79.78% of its industry peers.
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.
With a decent Quick ratio value of 1.81, INGR is doing good in the industry, outperforming 79.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.78 | ||
| Quick Ratio | 1.81 |
3. Growth
3.1 Past
INGR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.54%, which is quite impressive.
The Earnings Per Share has been growing by 9.90% on average over the past years. This is quite good.
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 1.09% yearly.
INGR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.07% yearly.
EPS Next Y9.12%
EPS Next 2Y5.7%
EPS Next 3Y4.29%
EPS Next 5Y1.09%
Revenue Next Year-0.81%
Revenue Next 2Y0.81%
Revenue Next 3Y1.44%
Revenue Next 5Y1.07%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.81, the valuation of INGR can be described as very reasonable.
INGR's Price/Earnings ratio is rather cheap when compared to the industry. INGR is cheaper than 82.02% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, INGR is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.48, the valuation of INGR can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of INGR indicates a rather cheap valuation: INGR is cheaper than 87.64% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of INGR to the average of the S&P500 Index (22.70), we can say INGR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.81 | ||
| Fwd PE | 10.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, INGR is valued a bit cheaper than 77.53% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of INGR indicates a rather cheap valuation: INGR is cheaper than 83.15% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.95 | ||
| EV/EBITDA | 6.77 |
4.3 Compensation for Growth
INGR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
INGR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.18
PEG (5Y)1.09
EPS Next 2Y5.7%
EPS Next 3Y4.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.59%, INGR has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.03, INGR pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, INGR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
5.2 History
The dividend of INGR has a limited annual growth rate of 4.40%.
INGR has been paying a dividend for at least 10 years, so it has a reliable track record.
INGR has decreased its dividend recently.
Dividend Growth(5Y)4.4%
Div Incr Years1
Div Non Decr Years1
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 2Y5.7%
EPS Next 3Y4.29%
NYSE:INGR (9/18/2025, 11:17:54 AM)
124.485
+0.55 (+0.45%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners93.58%
Inst Owner Change-0.02%
Ins Owners0.82%
Ins Owner Change0.1%
Market Cap7.99B
Analysts76.92
Price Target150.85 (21.18%)
Short Float %3.03%
Short Ratio4.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
Yearly Dividend3.24
Dividend Growth(5Y)4.4%
DP31.36%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)0.34%
EPS NQ rev (3m)0.31%
EPS NY rev (1m)0.64%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.07%
Revenue NY rev (1m)-1.16%
Revenue NY rev (3m)-1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.81 | ||
| Fwd PE | 10.48 | ||
| P/S | 1.09 | ||
| P/FCF | 9.95 | ||
| P/OCF | 6.79 | ||
| P/B | 1.9 | ||
| P/tB | 2.74 | ||
| EV/EBITDA | 6.77 |
EPS(TTM)11.52
EY9.25%
EPS(NY)11.88
Fwd EY9.54%
FCF(TTM)12.51
FCFY10.05%
OCF(TTM)18.34
OCFY14.73%
SpS113.99
BVpS65.39
TBVpS45.45
PEG (NY)1.18
PEG (5Y)1.09
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.05 |
F-Score7
WACC7.29%
ROIC/WACC1.68
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 Y9.12%
EPS Next 2Y5.7%
EPS Next 3Y4.29%
EPS Next 5Y1.09%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y2.53%
Revenue growth 5Y3.66%
Sales Q2Q%-2.4%
Revenue Next Year-0.81%
Revenue Next 2Y0.81%
Revenue Next 3Y1.44%
Revenue Next 5Y1.07%
EBIT growth 1Y20.22%
EBIT growth 3Y13.16%
EBIT growth 5Y6.97%
EBIT Next Year27.76%
EBIT Next 3Y9.67%
EBIT Next 5Y4.11%
FCF growth 1Y542.4%
FCF growth 3Y131.07%
FCF growth 5Y26.38%
OCF growth 1Y170.58%
OCF growth 3Y54.15%
OCF growth 5Y16.13%