INGREDION INC (INGR)
US4571871023 - Common Stock
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 has a bad growth rate and is valued cheaply. INGR also has an excellent dividend rating. This makes INGR very considerable for value and dividend 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.
Each year in the past 5 years INGR has been profitable.
Each year in the past 5 years INGR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of INGR (9.08%) is better than 87.95% of its industry peers.
Looking at the Return On Equity, with a value of 17.29%, INGR belongs to the top of the industry, outperforming 81.93% of the companies in the same industry.
INGR has a better Return On Invested Capital (11.54%) than 85.54% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for INGR is in line with the industry average of 8.88%.
The last Return On Invested Capital (11.54%) for INGR is above the 3 year average (10.10%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.08% | ||
| ROE | 17.29% | ||
| ROIC | 11.54% |
ROA(3y)5.53%
ROA(5y)5.7%
ROE(3y)12.53%
ROE(5y)12.91%
ROIC(3y)10.1%
ROIC(5y)9.96%
1.3 Margins
The Profit Margin of INGR (9.05%) is better than 81.93% of its industry peers.
In the last couple of years the Profit Margin of INGR has grown nicely.
Looking at the Operating Margin, with a value of 12.74%, INGR is in the better half of the industry, outperforming 79.52% of the companies in the same industry.
INGR's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 23.07%, INGR is in line with its industry, outperforming 51.81% of the companies in the same industry.
In the last couple of years the Gross Margin of INGR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.74% | ||
| PM (TTM) | 9.05% | ||
| GM | 23.07% |
OM growth 3Y1.71%
OM growth 5Y-0.55%
PM growth 3Y10.68%
PM growth 5Y2.27%
GM growth 3Y0.29%
GM growth 5Y-0.29%
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.
2.2 Solvency
An Altman-Z score of 4.16 indicates that INGR is not in any danger for bankruptcy at the moment.
INGR has a Altman-Z score of 4.16. This is amongst the best in the industry. INGR outperforms 80.72% of its industry peers.
INGR has a debt to FCF ratio of 1.59. This is a very positive value and a sign of high solvency as it would only need 1.59 years to pay back of all of its debts.
INGR's Debt to FCF ratio of 1.59 is fine compared to the rest of the industry. INGR outperforms 79.52% of its industry peers.
INGR has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.47, INGR is in line with its industry, outperforming 46.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 1.59 | ||
| Altman-Z | 4.16 |
ROIC/WACC1.44
WACC8%
2.3 Liquidity
A Current Ratio of 2.67 indicates that INGR has no problem at all paying its short term obligations.
INGR has a Current ratio of 2.67. This is in the better half of the industry: INGR outperforms 79.52% of its industry peers.
INGR has a Quick Ratio of 1.69. 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 1.69, INGR is doing good in the industry, outperforming 79.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.67 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.56% over the past year.
INGR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.39% yearly.
Looking at the last year, INGR shows a decrease in Revenue. The Revenue has decreased by -8.21% in the last year.
INGR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.35% yearly.
EPS 1Y (TTM)9.56%
EPS 3Y14.78%
EPS 5Y6.39%
EPS Q2Q%30.9%
Revenue 1Y (TTM)-8.21%
Revenue growth 3Y10.87%
Revenue growth 5Y5.35%
Sales Q2Q%-8.02%
3.2 Future
Based on estimates for the next years, INGR will show a small growth in Earnings Per Share. The EPS will grow by 3.31% on average per year.
Based on estimates for the next years, INGR will show a decrease in Revenue. The Revenue will decrease by -1.07% on average per year.
EPS Next Y13.98%
EPS Next 2Y9.94%
EPS Next 3Y7.81%
EPS Next 5Y3.31%
Revenue Next Year-9.95%
Revenue Next 2Y-3.98%
Revenue Next 3Y-1.77%
Revenue Next 5Y-1.07%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.39 indicates a correct valuation of INGR.
INGR's Price/Earnings ratio is a bit cheaper when compared to the industry. INGR is cheaper than 72.29% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.34. INGR is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.73, the valuation of INGR can be described as reasonable.
80.72% 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 23.61, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.39 | ||
| Fwd PE | 11.73 |
4.2 Price Multiples
77.11% of the companies in the same industry are more expensive than INGR, based on the Enterprise Value to EBITDA ratio.
83.13% of the companies in the same industry are more expensive than INGR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.52 | ||
| EV/EBITDA | 8.12 |
4.3 Compensation for Growth
INGR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
INGR has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.96
PEG (5Y)2.09
EPS Next 2Y9.94%
EPS Next 3Y7.81%
5. Dividend
5.1 Amount
INGR has a Yearly Dividend Yield of 2.34%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.82, INGR pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, INGR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
5.2 History
The dividend of INGR has a limited annual growth rate of 2.44%.
INGR has paid a dividend for at least 10 years, which is a reliable track record.
INGR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.44%
Div Incr Years13
Div Non Decr Years13
5.3 Sustainability
30.31% of the earnings are spent on dividend by INGR. This is a low number and sustainable payout ratio.
The dividend of INGR is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.31%
EPS Next 2Y9.94%
EPS Next 3Y7.81%
INGREDION INC
NYSE:INGR (1/8/2025, 8:09:38 PM)
Premarket: 131.5 -2.01 (-1.51%)133.51
+0.79 (+0.6%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners91.25%
Inst Owner Change0%
Ins Owners0.72%
Ins Owner Change0.17%
Market Cap8.70B
Analysts80
Price Target168.5 (26.21%)
Short Float %1.56%
Short Ratio2.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.34% |
Dividend Growth(5Y)2.44%
DP30.31%
Div Incr Years13
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.35%
Min EPS beat(2)13%
Max EPS beat(2)15.7%
EPS beat(4)3
Avg EPS beat(4)7.82%
Min EPS beat(4)-0.94%
Max EPS beat(4)15.7%
EPS beat(8)6
Avg EPS beat(8)11.81%
EPS beat(12)9
Avg EPS beat(12)7.91%
EPS beat(16)13
Avg EPS beat(16)10.22%
Revenue beat(2)0
Avg Revenue beat(2)-6.39%
Min Revenue beat(2)-6.98%
Max Revenue beat(2)-5.79%
Revenue beat(4)0
Avg Revenue beat(4)-7.56%
Min Revenue beat(4)-9.17%
Max Revenue beat(4)-5.79%
Revenue beat(8)0
Avg Revenue beat(8)-6.5%
Revenue beat(12)2
Avg Revenue beat(12)-3.8%
Revenue beat(16)4
Avg Revenue beat(16)-2.89%
PT rev (1m)0%
PT rev (3m)17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.85%
EPS NY rev (1m)0%
EPS NY rev (3m)5.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.39 | ||
| Fwd PE | 11.73 | ||
| P/S | 1.15 | ||
| P/FCF | 7.52 | ||
| P/OCF | 6.17 | ||
| P/B | 2.2 | ||
| P/tB | 3.28 | ||
| EV/EBITDA | 8.12 |
EPS(TTM)9.97
EY7.47%
EPS(NY)11.38
Fwd EY8.53%
FCF(TTM)17.76
FCFY13.3%
OCF(TTM)21.64
OCFY16.21%
SpS115.88
BVpS60.62
TBVpS40.75
PEG (NY)0.96
PEG (5Y)2.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.08% | ||
| ROE | 17.29% | ||
| ROCE | 15.34% | ||
| ROIC | 11.54% | ||
| ROICexc | 13.39% | ||
| ROICexgc | 17.53% | ||
| OM | 12.74% | ||
| PM (TTM) | 9.05% | ||
| GM | 23.07% | ||
| FCFM | 15.32% |
ROA(3y)5.53%
ROA(5y)5.7%
ROE(3y)12.53%
ROE(5y)12.91%
ROIC(3y)10.1%
ROIC(5y)9.96%
ROICexc(3y)10.68%
ROICexc(5y)10.65%
ROICexgc(3y)13.83%
ROICexgc(5y)14.01%
ROCE(3y)14.23%
ROCE(5y)13.88%
ROICexcg growth 3Y6.02%
ROICexcg growth 5Y-1.6%
ROICexc growth 3Y7.88%
ROICexc growth 5Y-0.28%
OM growth 3Y1.71%
OM growth 5Y-0.55%
PM growth 3Y10.68%
PM growth 5Y2.27%
GM growth 3Y0.29%
GM growth 5Y-0.29%
F-Score8
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 1.59 | ||
| Debt/EBITDA | 1.56 | ||
| Cap/Depr | 118.22% | ||
| Cap/Sales | 3.35% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 119.9% | ||
| Profit Quality | 169.4% | ||
| Current Ratio | 2.67 | ||
| Quick Ratio | 1.69 | ||
| Altman-Z | 4.16 |
F-Score8
WACC8%
ROIC/WACC1.44
Cap/Depr(3y)140.06%
Cap/Depr(5y)145.78%
Cap/Sales(3y)4%
Cap/Sales(5y)4.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.56%
EPS 3Y14.78%
EPS 5Y6.39%
EPS Q2Q%30.9%
EPS Next Y13.98%
EPS Next 2Y9.94%
EPS Next 3Y7.81%
EPS Next 5Y3.31%
Revenue 1Y (TTM)-8.21%
Revenue growth 3Y10.87%
Revenue growth 5Y5.35%
Sales Q2Q%-8.02%
Revenue Next Year-9.95%
Revenue Next 2Y-3.98%
Revenue Next 3Y-1.77%
Revenue Next 5Y-1.07%
EBIT growth 1Y4.57%
EBIT growth 3Y12.77%
EBIT growth 5Y4.76%
EBIT Next Year27.4%
EBIT Next 3Y11.02%
EBIT Next 5Y5.09%
FCF growth 1Y1212.5%
FCF growth 3Y14.86%
FCF growth 5Y15.99%
OCF growth 1Y561.97%
OCF growth 3Y8.44%
OCF growth 5Y8.5%