INGREDION INC (INGR) Stock Fundamental Analysis

NYSE:INGR • US4571871023

117.46 USD
+0.32 (+0.27%)
At close: Feb 27, 2026
117.46 USD
0 (0%)
After Hours: 2/27/2026, 8:11:16 PM
Fundamental Rating

6

Taking everything into account, INGR scores 6 out of 10 in our fundamental rating. INGR was compared to 88 industry peers in the Food Products industry. INGR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. INGR is cheap, but on the other hand it scores bad on growth. These ratings would make INGR suitable for value investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year INGR was profitable.
  • INGR had a positive operating cash flow in the past year.
  • 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.
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 2025 0 500M 1B

1.2 Ratios

  • INGR has a better Return On Assets (9.23%) than 90.91% of its industry peers.
  • With an excellent Return On Equity value of 17.06%, INGR belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 11.40%, INGR belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for INGR is significantly below the industry average of 28.14%.
Industry RankSector Rank
ROA 9.23%
ROE 17.06%
ROIC 11.4%
ROA(3y)8.78%
ROA(5y)6.9%
ROE(3y)17.41%
ROE(5y)14.33%
ROIC(3y)11.48%
ROIC(5y)10.44%
INGR Yearly ROA, ROE, ROICINGR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of INGR (10.10%) is better than 88.64% of its industry peers.
  • INGR's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 14.36%, INGR belongs to the best of the industry, outperforming 87.50% 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 (25.32%) than 62.50% of its industry peers.
  • INGR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.36%
PM (TTM) 10.1%
GM 25.32%
OM growth 3Y14.22%
OM growth 5Y4.96%
PM growth 3Y17.71%
PM growth 5Y11.68%
GM growth 3Y10.43%
GM growth 5Y3.57%
INGR Yearly Profit, Operating, Gross MarginsINGR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so INGR is still 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • INGR has an Altman-Z score of 3.90. This indicates that INGR is financially healthy and has little risk of bankruptcy at the moment.
  • INGR has a Altman-Z score of 3.90. This is amongst the best in the industry. INGR outperforms 82.95% of its industry peers.
  • INGR has a debt to FCF ratio of 3.50. This is a good value and a sign of high solvency as INGR would need 3.50 years to pay back of all of its debts.
  • INGR's Debt to FCF ratio of 3.50 is fine compared to the rest of the industry. INGR outperforms 79.55% of its industry peers.
  • A Debt/Equity ratio of 0.42 indicates that INGR is not too dependend on debt financing.
  • INGR's Debt to Equity ratio of 0.42 is in line compared to the rest of the industry. INGR outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 3.5
Altman-Z 3.9
ROIC/WACC1.49
WACC7.67%
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 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 2.66 indicates that INGR has no problem at all paying its short term obligations.
  • INGR's Current ratio of 2.66 is fine compared to the rest of the industry. INGR outperforms 76.14% of its industry peers.
  • A Quick Ratio of 1.73 indicates that INGR should not have too much problems paying its short term obligations.
  • INGR's Quick ratio of 1.73 is fine compared to the rest of the industry. INGR outperforms 79.55% of its industry peers.
Industry RankSector Rank
Current Ratio 2.66
Quick Ratio 1.73
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 2025 1B 2B 3B

3

3. Growth

3.1 Past

  • INGR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.61%.
  • 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.
  • Looking at the last year, INGR shows a decrease in Revenue. The Revenue has decreased by -2.84% in the last year.
  • The Revenue has been growing slightly by 3.81% on average over the past years.
EPS 1Y (TTM)4.61%
EPS 3Y14.28%
EPS 5Y12.29%
EPS Q2Q%-3.8%
Revenue 1Y (TTM)-2.84%
Revenue growth 3Y-3.15%
Revenue growth 5Y3.81%
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 1.03% yearly.
  • The Revenue is expected to grow by 0.94% on average over the next years.
EPS Next Y4.34%
EPS Next 2Y4.1%
EPS Next 3Y0.3%
EPS Next 5Y1.03%
Revenue Next Year1.62%
Revenue Next 2Y2.13%
Revenue Next 3Y2.1%
Revenue Next 5Y0.94%

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.
  • The Revenue 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

7

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.56, which indicates a very decent valuation of INGR.
  • Based on the Price/Earnings ratio, INGR is valued cheaper than 85.23% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.10, INGR is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.12, which indicates a very decent valuation of INGR.
  • 92.05% of the companies in the same industry are more expensive than INGR, based on the Price/Forward Earnings ratio.
  • INGR is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.56
Fwd PE 10.12
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 cheaper than 84.09% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, INGR is valued a bit cheaper than 77.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.48
EV/EBITDA 6.42
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 INGR does not grow enough to justify the current Price/Earnings ratio.
  • INGR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.44
PEG (5Y)0.86
EPS Next 2Y4.1%
EPS Next 3Y0.3%

5

5. Dividend

5.1 Amount

  • INGR has a Yearly Dividend Yield of 2.81%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.27, INGR pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, INGR pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.81%

5.2 History

  • The dividend of INGR has a limited annual growth rate of 4.46%.
  • 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)4.46%
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 28.94% 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.
DP28.94%
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 2025 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 (2/27/2026, 8:11:16 PM)

After market: 117.46 0 (0%)

117.46

+0.32 (+0.27%)

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 Change1.89%
Ins Owners0.83%
Ins Owner Change0.61%
Market Cap7.40B
Revenue(TTM)7.22B
Net Income(TTM)729.00M
Analysts75.38
Price Target126.56 (7.75%)
Short Float %3.81%
Short Ratio3.42
Dividend
Industry RankSector Rank
Dividend Yield 2.81%
Yearly Dividend3.31
Dividend Growth(5Y)4.46%
DP28.94%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-02
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.79%
Min EPS beat(2)-6.61%
Max EPS beat(2)-4.97%
EPS beat(4)2
Avg EPS beat(4)2.5%
Min EPS beat(4)-6.61%
Max EPS beat(4)20.64%
EPS beat(8)5
Avg EPS beat(8)4.78%
EPS beat(12)8
Avg EPS beat(12)7.76%
EPS beat(16)12
Avg EPS beat(16)7.66%
Revenue beat(2)0
Avg Revenue beat(2)-4.9%
Min Revenue beat(2)-6.39%
Max Revenue beat(2)-3.41%
Revenue beat(4)0
Avg Revenue beat(4)-4.5%
Min Revenue beat(4)-6.39%
Max Revenue beat(4)-3.31%
Revenue beat(8)0
Avg Revenue beat(8)-5.61%
Revenue beat(12)0
Avg Revenue beat(12)-5.95%
Revenue beat(16)2
Avg Revenue beat(16)-4.33%
PT rev (1m)0%
PT rev (3m)-0.68%
EPS NQ rev (1m)-9.7%
EPS NQ rev (3m)-10.34%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)-2.9%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)-3.35%
Valuation
Industry RankSector Rank
PE 10.56
Fwd PE 10.12
P/S 1.03
P/FCF 14.48
P/OCF 7.84
P/B 1.73
P/tB 2.46
EV/EBITDA 6.42
EPS(TTM)11.12
EY9.47%
EPS(NY)11.6
Fwd EY9.88%
FCF(TTM)8.11
FCFY6.91%
OCF(TTM)14.98
OCFY12.76%
SpS114.59
BVpS67.84
TBVpS47.7
PEG (NY)2.44
PEG (5Y)0.86
Graham Number130.28
Profitability
Industry RankSector Rank
ROA 9.23%
ROE 17.06%
ROCE 15.76%
ROIC 11.4%
ROICexc 13.51%
ROICexgc 17.47%
OM 14.36%
PM (TTM) 10.1%
GM 25.32%
FCFM 7.08%
ROA(3y)8.78%
ROA(5y)6.9%
ROE(3y)17.41%
ROE(5y)14.33%
ROIC(3y)11.48%
ROIC(5y)10.44%
ROICexc(3y)13.21%
ROICexc(5y)11.65%
ROICexgc(3y)17.17%
ROICexgc(5y)15.16%
ROCE(3y)16.21%
ROCE(5y)14.97%
ROICexgc growth 3Y13.57%
ROICexgc growth 5Y6.32%
ROICexc growth 3Y13.12%
ROICexc growth 5Y7.27%
OM growth 3Y14.22%
OM growth 5Y4.96%
PM growth 3Y17.71%
PM growth 5Y11.68%
GM growth 3Y10.43%
GM growth 5Y3.57%
F-Score8
Asset Turnover0.91
Health
Industry RankSector Rank
Debt/Equity 0.42
Debt/FCF 3.5
Debt/EBITDA 1.42
Cap/Depr 195.05%
Cap/Sales 6%
Interest Coverage 250
Cash Conversion 74.98%
Profit Quality 70.1%
Current Ratio 2.66
Quick Ratio 1.73
Altman-Z 3.9
F-Score8
WACC7.67%
ROIC/WACC1.49
Cap/Depr(3y)160%
Cap/Depr(5y)151.18%
Cap/Sales(3y)4.64%
Cap/Sales(5y)4.41%
Profit Quality(3y)120.25%
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 5Y1.03%
Revenue 1Y (TTM)-2.84%
Revenue growth 3Y-3.15%
Revenue growth 5Y3.81%
Sales Q2Q%-2.39%
Revenue Next Year1.62%
Revenue Next 2Y2.13%
Revenue Next 3Y2.1%
Revenue Next 5Y0.94%
EBIT growth 1Y2.67%
EBIT growth 3Y10.62%
EBIT growth 5Y8.97%
EBIT Next Year23.8%
EBIT Next 3Y5.21%
EBIT Next 5Y4.75%
FCF growth 1Y-54.98%
FCF growth 3YN/A
FCF growth 5Y0.88%
OCF growth 1Y-34.26%
OCF growth 3Y83.81%
OCF growth 5Y2.63%

INGREDION INC / INGR FAQ

Can you provide the ChartMill fundamental rating for INGREDION INC?

ChartMill assigns a fundamental rating of 6 / 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 8 / 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 28.94%.