INGREDION INC (INGR) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:INGR • US4571871023

120.41 USD
+3.1 (+2.64%)
At close: Feb 3, 2026
120.41 USD
0 (0%)
After Hours: 2/3/2026, 8:24:52 PM
Fundamental Rating

6

Taking everything into account, INGR scores 6 out of 10 in our fundamental rating. 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 cheap, but on the other hand it scores bad on growth. With these ratings, INGR could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • INGR had positive earnings in the past year.
  • INGR had a positive operating cash flow in the past year.
  • INGR had positive earnings in 4 of the past 5 years.
  • Of the past 5 years INGR 4 years 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

1.2 Ratios

  • The Return On Assets of INGR (8.41%) is better than 90.80% of its industry peers.
  • Looking at the Return On Equity, with a value of 15.55%, INGR belongs to the top of the industry, outperforming 88.51% of the companies in the same industry.
  • INGR has a better Return On Invested Capital (11.85%) than 90.80% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for INGR is significantly below the industry average of 27.79%.
  • The last Return On Invested Capital (11.85%) for INGR is above the 3 year average (10.82%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.41%
ROE 15.55%
ROIC 11.85%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • The Profit Margin of INGR (9.07%) is better than 86.21% of its industry peers.
  • In the last couple of years the Profit Margin of INGR has grown nicely.
  • With an excellent Operating Margin value of 14.60%, INGR belongs to the best of the industry, outperforming 89.66% of the companies in the same industry.
  • INGR's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 25.43%, INGR is in the better half of the industry, outperforming 62.07% of the companies in the same industry.
  • In the last couple of years the Gross Margin of INGR has grown nicely.
Industry RankSector Rank
OM 14.6%
PM (TTM) 9.07%
GM 25.43%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

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7

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.
  • INGR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
INGR Yearly Shares OutstandingINGR Yearly Shares OutstandingYearly Shares Outstanding 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 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 has a Altman-Z score of 3.98. This is amongst the best in the industry. INGR outperforms 81.61% of its industry peers.
  • The Debt to FCF ratio of INGR is 3.29, which is a good value as it means it would take INGR, 3.29 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 3.29, INGR belongs to the best of the industry, outperforming 81.61% of the companies in the same industry.
  • INGR has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
  • INGR has a Debt to Equity ratio (0.42) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 3.29
Altman-Z 3.98
ROIC/WACC1.59
WACC7.44%
INGR Yearly LT Debt VS Equity VS FCFINGR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • INGR has a Current Ratio of 2.75. This indicates that INGR is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of INGR (2.75) is better than 79.31% of its industry peers.
  • A Quick Ratio of 1.79 indicates that INGR should not have too much problems paying its short term obligations.
  • The Quick ratio of INGR (1.79) is better than 82.76% of its industry peers.
Industry RankSector Rank
Current Ratio 2.75
Quick Ratio 1.79
INGR Yearly Current Assets VS Current LiabilitesINGR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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2

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.61% 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 12.29% on average per year.
EPS 1Y (TTM)4.61%
EPS 3Y14.28%
EPS 5Y12.29%
EPS Q2Q%-3.8%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.39%

3.2 Future

  • INGR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.47% yearly.
  • Based on estimates for the next years, INGR will show a small growth in Revenue. The Revenue will grow by 0.37% on average per year.
EPS Next Y4.34%
EPS Next 2Y4.1%
EPS Next 3Y0.3%
EPS Next 5Y0.47%
Revenue Next Year1.1%
Revenue Next 2Y1.3%
Revenue Next 3Y0.24%
Revenue Next 5Y0.37%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
INGR Yearly Revenue VS EstimatesINGR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.83, the valuation of INGR can be described as very reasonable.
  • Based on the Price/Earnings ratio, INGR is valued cheaper than 82.76% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.18, INGR is valued rather cheaply.
  • INGR is valuated reasonably with a Price/Forward Earnings ratio of 10.38.
  • Based on the Price/Forward Earnings ratio, INGR is valued cheaply inside the industry as 89.66% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 25.51. INGR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.83
Fwd PE 10.38
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 rather cheap when compared to the industry. INGR is cheaper than 82.76% of the companies in the same industry.
  • 74.71% 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 14.01
EV/EBITDA 6.62
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • INGR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.5
PEG (5Y)0.88
EPS Next 2Y4.1%
EPS Next 3Y0.3%

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5

5. Dividend

5.1 Amount

  • INGR has a Yearly Dividend Yield of 2.72%.
  • INGR's Dividend Yield is a higher than the industry average which is at 2.29.
  • Compared to an average S&P500 Dividend Yield of 1.83, INGR pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.72%

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.
  • The dividend of INGR decreased 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • INGR pays out 32.02% 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.
DP32.02%
EPS Next 2Y4.1%
EPS Next 3Y0.3%
INGR Yearly Income VS Free CF VS DividendINGR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 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 (2/3/2026, 8:24:52 PM)

After market: 120.41 0 (0%)

120.41

+3.1 (+2.64%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners96.37%
Inst Owner Change-1.43%
Ins Owners0.83%
Ins Owner Change0.58%
Market Cap7.65B
Revenue(TTM)N/A
Net Income(TTM)659.00M
Analysts75.38
Price Target126.56 (5.11%)
Short Float %3.65%
Short Ratio3.59
Dividend
Industry RankSector Rank
Dividend Yield 2.72%
Yearly Dividend3.24
Dividend Growth(5Y)4.4%
DP32.02%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.85%
Min EPS beat(2)-6.61%
Max EPS beat(2)0.92%
EPS beat(4)3
Avg EPS beat(4)3.86%
Min EPS beat(4)-6.61%
Max EPS beat(4)20.64%
EPS beat(8)6
Avg EPS beat(8)5.84%
EPS beat(12)9
Avg EPS beat(12)9.16%
EPS beat(16)12
Avg EPS beat(16)6.9%
Revenue beat(2)0
Avg Revenue beat(2)-5.63%
Min Revenue beat(2)-6.39%
Max Revenue beat(2)-4.88%
Revenue beat(4)0
Avg Revenue beat(4)-5.1%
Min Revenue beat(4)-6.39%
Max Revenue beat(4)-3.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.33%
Revenue beat(12)0
Avg Revenue beat(12)-6.03%
Revenue beat(16)2
Avg Revenue beat(16)-4.12%
PT rev (1m)0%
PT rev (3m)-12.47%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)-0.2%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-2.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.86%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-2.42%
Valuation
Industry RankSector Rank
PE 10.83
Fwd PE 10.38
P/S 1.05
P/FCF 14.01
P/OCF 7.85
P/B 1.81
P/tB 2.58
EV/EBITDA 6.62
EPS(TTM)11.12
EY9.24%
EPS(NY)11.6
Fwd EY9.64%
FCF(TTM)8.59
FCFY7.14%
OCF(TTM)15.35
OCFY12.75%
SpS114.31
BVpS66.71
TBVpS46.67
PEG (NY)2.5
PEG (5Y)0.88
Graham Number129.19
Profitability
Industry RankSector Rank
ROA 8.41%
ROE 15.55%
ROCE 16.17%
ROIC 11.85%
ROICexc 13.77%
ROICexgc 17.74%
OM 14.6%
PM (TTM) 9.07%
GM 25.43%
FCFM 7.52%
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 Turnover0.93
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 3.29
Debt/EBITDA 1.41
Cap/Depr 195.89%
Cap/Sales 5.91%
Interest Coverage 250
Cash Conversion 76.23%
Profit Quality 82.85%
Current Ratio 2.75
Quick Ratio 1.79
Altman-Z 3.98
F-Score7
WACC7.44%
ROIC/WACC1.59
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)4.61%
EPS 3Y14.28%
EPS 5Y12.29%
EPS Q2Q%-3.8%
EPS Next Y4.34%
EPS Next 2Y4.1%
EPS Next 3Y0.3%
EPS Next 5Y0.47%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-2.39%
Revenue Next Year1.1%
Revenue Next 2Y1.3%
Revenue Next 3Y0.24%
Revenue Next 5Y0.37%
EBIT growth 1Y10.19%
EBIT growth 3Y13.16%
EBIT growth 5Y6.97%
EBIT Next Year23.63%
EBIT Next 3Y9.21%
EBIT Next 5Y3.58%
FCF growth 1Y40.36%
FCF growth 3Y131.07%
FCF growth 5Y26.38%
OCF growth 1Y35.6%
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.


Can you provide the valuation status for INGREDION INC?

ChartMill assigns a valuation rating of 7 / 10 to INGREDION INC (INGR). This can be considered as Undervalued.


Can you provide the profitability details for INGREDION INC?

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


What is the expected EPS growth for INGREDION INC (INGR) stock?

The Earnings per Share (EPS) of INGREDION INC (INGR) is expected to grow by 4.34% in the next year.


How sustainable is the dividend of INGREDION INC (INGR) stock?

The dividend rating of INGREDION INC (INGR) is 5 / 10 and the dividend payout ratio is 32.02%.