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INGREDION INC (INGR) Stock Fundamental Analysis

USA - NYSE:INGR - US4571871023 - Common Stock

115.71 USD
-1.91 (-1.62%)
Last: 10/29/2025, 8:04:00 PM
115.71 USD
0 (0%)
After Hours: 10/29/2025, 8:04:00 PM
Fundamental Rating

7

Overall INGR gets a fundamental rating of 7 out of 10. We evaluated INGR against 86 industry peers in the Food Products industry. INGR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. INGR scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make INGR a good candidate for value investing.


Dividend Valuation Growth Profitability Health

9

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.
INGR had a positive operating cash flow in each of the past 5 years.
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 has a better Return On Assets (8.69%) than 87.21% 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 86.05% of the companies in the same industry.
The Return On Invested Capital of INGR (12.25%) is better than 87.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for INGR is significantly below the industry average of 28.75%.
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 has a better Profit Margin (9.24%) than 83.72% of its industry peers.
INGR's Profit Margin has improved in the last couple of years.
INGR has a Operating Margin of 14.87%. This is amongst the best in the industry. INGR outperforms 83.72% of its industry peers.
INGR's Operating Margin has improved in the last couple of years.
INGR has a Gross Margin of 25.57%. This is in the better half of the industry: INGR outperforms 61.63% of its industry peers.
In the last couple of years the Gross Margin of INGR has grown nicely.
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

8

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.
INGR has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, INGR has less shares outstanding
The debt/assets ratio for INGR has been reduced compared to a year ago.
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 3.98. This indicates that INGR is financially healthy and has little risk of bankruptcy at the moment.
INGR's Altman-Z score of 3.98 is amongst the best of the industry. INGR outperforms 82.56% of its industry peers.
INGR has a debt to FCF ratio of 2.23. This is a good value and a sign of high solvency as INGR would need 2.23 years to pay back of all of its debts.
The Debt to FCF ratio of INGR (2.23) is better than 84.88% of its industry peers.
A Debt/Equity ratio of 0.43 indicates that INGR is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.43, INGR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 2.23
Altman-Z 3.98
ROIC/WACC1.71
WACC7.17%
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.
INGR has a Current ratio of 2.78. This is amongst the best in the industry. INGR outperforms 81.40% of its industry peers.
A Quick Ratio of 1.81 indicates that INGR should not have too much problems paying its short term obligations.
INGR's Quick ratio of 1.81 is amongst the best of the industry. INGR outperforms 81.40% 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

4

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.
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.
The Revenue has decreased by -5.16% in the past year.
INGR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.66% yearly.
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.
Based on estimates for the next years, INGR will show a small growth in Revenue. The Revenue will grow by 1.01% on average per year.
EPS Next Y9.61%
EPS Next 2Y6.56%
EPS Next 3Y6.03%
EPS Next 5Y3.42%
Revenue Next Year-0.89%
Revenue Next 2Y0.84%
Revenue Next 3Y1.39%
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

8

4. Valuation

4.1 Price/Earnings Ratio

INGR is valuated reasonably with a Price/Earnings ratio of 10.04.
84.88% of the companies in the same industry are more expensive than INGR, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.76. INGR is valued rather cheaply when compared to this.
INGR is valuated reasonably with a Price/Forward Earnings ratio of 9.59.
88.37% of the companies in the same industry are more expensive than INGR, based on the Price/Forward Earnings ratio.
INGR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.63.
Industry RankSector Rank
PE 10.04
Fwd PE 9.59
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

Based on the Enterprise Value to EBITDA ratio, INGR is valued a bit cheaper than the industry average as 77.91% of the companies are valued more expensively.
86.05% of the companies in the same industry are more expensive than INGR, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.25
EV/EBITDA 6.46
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

INGR's 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)1.04
PEG (5Y)1.01
EPS Next 2Y6.56%
EPS Next 3Y6.03%

5

5. Dividend

5.1 Amount

INGR has a Yearly Dividend Yield of 2.75%.
Compared to an average industry Dividend Yield of 5.10, INGR pays a bit more dividend than its industry peers.
INGR's Dividend Yield is comparable with the S&P500 average which is at 2.31.
Industry RankSector Rank
Dividend Yield 2.75%

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.
INGR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.36%
EPS Next 2Y6.56%
EPS Next 3Y6.03%
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

INGREDION INC

NYSE:INGR (10/29/2025, 8:04:00 PM)

After market: 115.71 0 (0%)

115.71

-1.91 (-1.62%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)08-01 2025-08-01/bmo
Earnings (Next)11-04 2025-11-04/bmo
Inst Owners93.91%
Inst Owner Change-0.76%
Ins Owners0.82%
Ins Owner Change0.11%
Market Cap7.43B
Revenue(TTM)7.32B
Net Income(TTM)676.00M
Analysts76.92
Price Target150.85 (30.37%)
Short Float %3.13%
Short Ratio3.89
Dividend
Industry RankSector Rank
Dividend Yield 2.75%
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)-1.88%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)-0.58%
EPS NY rev (1m)0.13%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-1.27%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-1.23%
Valuation
Industry RankSector Rank
PE 10.04
Fwd PE 9.59
P/S 1.02
P/FCF 9.25
P/OCF 6.31
P/B 1.77
P/tB 2.55
EV/EBITDA 6.46
EPS(TTM)11.52
EY9.96%
EPS(NY)12.07
Fwd EY10.43%
FCF(TTM)12.51
FCFY10.81%
OCF(TTM)18.34
OCFY15.85%
SpS113.99
BVpS65.39
TBVpS45.45
PEG (NY)1.04
PEG (5Y)1.01
Graham Number130.19
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%
ROICexgc growth 3Y14.86%
ROICexgc 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 3.98
F-Score7
WACC7.17%
ROIC/WACC1.71
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 Y9.61%
EPS Next 2Y6.56%
EPS Next 3Y6.03%
EPS Next 5Y3.42%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y2.53%
Revenue growth 5Y3.66%
Sales Q2Q%-2.4%
Revenue Next Year-0.89%
Revenue Next 2Y0.84%
Revenue Next 3Y1.39%
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%

INGREDION INC / INGR FAQ

Can you provide the ChartMill fundamental rating for INGREDION INC?

ChartMill assigns a fundamental rating of 7 / 10 to INGR.


What is the valuation status of INGREDION INC (INGR) stock?

ChartMill assigns a valuation rating of 8 / 10 to INGREDION INC (INGR). This can be considered as Undervalued.


What is the profitability of INGR stock?

INGREDION INC (INGR) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for INGR stock?

The Price/Earnings (PE) ratio for INGREDION INC (INGR) is 10.04 and the Price/Book (PB) ratio is 1.77.


What is the financial health of INGREDION INC (INGR) stock?

The financial health rating of INGREDION INC (INGR) is 8 / 10.