INGREDION INC (INGR) Stock Fundamental Analysis

NYSE:INGR • US4571871023

117.16 USD
+0.62 (+0.53%)
At close: Feb 20, 2026
117.16 USD
0 (0%)
After Hours: 2/20/2026, 8:04:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to INGR. INGR was compared to 88 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 is valued quite cheap, but it does not seem to be growing. 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 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

  • With an excellent Return On Assets value of 9.23%, INGR belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 17.06%, INGR belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • The Return On Invested Capital of INGR (11.40%) is better than 90.91% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for INGR is significantly below the industry average of 28.12%.
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

  • Looking at the Profit Margin, with a value of 10.10%, INGR belongs to the top of the industry, outperforming 88.64% of the companies in the same industry.
  • INGR's Profit Margin has improved in the last couple of years.
  • The Operating Margin of INGR (14.36%) is better than 87.50% of its industry peers.
  • INGR's Operating Margin has improved in the last couple of years.
  • INGR has a Gross Margin of 25.32%. This is in the better half of the industry: INGR outperforms 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), INGR is creating some value.
  • Compared to 1 year ago, INGR has less shares outstanding
  • Compared to 5 years ago, INGR has less shares outstanding
  • Compared to 1 year ago, INGR has an improved debt to assets ratio.
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.
  • The Altman-Z score of INGR (3.90) is better than 81.82% of its industry peers.
  • The Debt to FCF ratio of INGR is 3.50, which is a good value as it means it would take INGR, 3.50 years of fcf income to pay off 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/WACC1.48
WACC7.72%
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

  • INGR has a Current Ratio of 2.66. This indicates that INGR is financially healthy and has no problem in meeting its short term obligations.
  • INGR has a Current ratio of 2.66. This is in the better half of the industry: INGR outperforms 76.14% of its industry peers.
  • INGR has a Quick Ratio of 1.73. This is a normal value and indicates that INGR is financially healthy and should not expect problems in meeting 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.
  • INGR shows a decrease in Revenue. In the last year, the revenue decreased by -2.84%.
  • INGR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.81% yearly.
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

  • The Earnings Per Share is expected to grow by 1.03% on average over the next years.
  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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

  • With a Price/Earnings ratio of 10.54, the valuation of INGR can be described as very reasonable.
  • Based on the Price/Earnings ratio, INGR is valued cheaply inside the industry as 85.23% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, INGR is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 10.10, the valuation of INGR can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, INGR is valued cheaply inside the industry as 92.05% of the companies are valued more expensively.
  • INGR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.02.
Industry RankSector Rank
PE 10.54
Fwd PE 10.1
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of INGR indicates a rather cheap valuation: INGR is cheaper than 85.23% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of INGR indicates a somewhat cheap valuation: INGR is cheaper than 78.41% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.44
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 an expensive valuation of the company.
  • The excellent profitability rating of INGR may justify a higher PE ratio.
PEG (NY)2.43
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%.
  • INGR's Dividend Yield is a higher than the industry average which is at 2.27.
  • INGR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
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 paid a dividend for at least 10 years, which is 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 (2/20/2026, 8:04:00 PM)

After market: 117.16 0 (0%)

117.16

+0.62 (+0.53%)

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 Cap7.38B
Revenue(TTM)7.22B
Net Income(TTM)729.00M
Analysts75.38
Price Target126.56 (8.02%)
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 10.54
Fwd PE 10.1
P/S 1.02
P/FCF 14.44
P/OCF 7.82
P/B 1.73
P/tB 2.46
EV/EBITDA 6.42
EPS(TTM)11.12
EY9.49%
EPS(NY)11.6
Fwd EY9.9%
FCF(TTM)8.11
FCFY6.92%
OCF(TTM)14.98
OCFY12.79%
SpS114.59
BVpS67.84
TBVpS47.7
PEG (NY)2.43
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
WACC7.72%
ROIC/WACC1.48
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%.