INGREDION INC (INGR) Fundamental Analysis & Valuation

NYSE:INGR • US4571871023

114.83 USD
+2.03 (+1.8%)
At close: Mar 6, 2026
114.83 USD
0 (0%)
After Hours: 3/6/2026, 8:26:52 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This INGR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall INGR gets a fundamental rating of 6 out of 10. We evaluated INGR against 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. This makes INGR very considerable for value investing!


Dividend Valuation Growth Profitability Health

8

1. INGR Profitability Analysis

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.
  • 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 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.
  • The Return On Equity of INGR (17.06%) is better than 87.50% of its industry peers.
  • The Return On Invested Capital of INGR (11.40%) is better than 90.91% of its industry peers.
  • INGR had an Average Return On Invested Capital over the past 3 years of 11.48%. This is significantly below the industry average of 28.23%.
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

  • INGR has a better Profit Margin (10.10%) than 88.64% of its industry peers.
  • INGR's Profit Margin has improved in the last couple of years.
  • INGR has a better Operating Margin (14.36%) than 87.50% of its industry peers.
  • INGR's Operating Margin has improved in the last couple of years.
  • INGR's Gross Margin of 25.32% is fine compared to the rest of the industry. INGR outperforms 62.50% of its industry peers.
  • In the last couple of years the Gross Margin of INGR has grown nicely.
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

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. INGR Health Analysis

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.
  • INGR has less shares outstanding than it did 5 years ago.
  • 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

  • An Altman-Z score of 3.85 indicates that INGR is not in any danger for bankruptcy at the moment.
  • INGR has a better Altman-Z score (3.85) than 79.55% 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.
  • The Debt to FCF ratio of INGR (3.50) is better than 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 3.85
ROIC/WACC1.56
WACC7.33%
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.
  • The Current ratio of INGR (2.66) is better than 73.86% 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 amongst the best of the industry. INGR outperforms 80.68% 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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. INGR Growth Analysis

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%.
  • 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.
  • Based on estimates for the next years, INGR will show a small growth in Revenue. The Revenue will grow by 0.94% on average per year.
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 2030 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 2030 5 10

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7

4. INGR Valuation Analysis

4.1 Price/Earnings Ratio

  • INGR is valuated reasonably with a Price/Earnings ratio of 10.33.
  • Based on the Price/Earnings ratio, INGR is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of INGR to the average of the S&P500 Index (26.29), we can say INGR is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 9.90, the valuation of INGR can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, INGR is valued cheaply inside the industry as 89.77% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. INGR is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.33
Fwd PE 9.9
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 cheaply inside the industry as 82.95% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, INGR is valued a bit cheaper than the industry average as 76.14% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.16
EV/EBITDA 6.21
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)2.38
PEG (5Y)0.84
EPS Next 2Y4.1%
EPS Next 3Y0.3%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. INGR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.91%, INGR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.21, INGR pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, INGR pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.91%

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

  • 28.94% of the earnings are spent on dividend by INGR. This is a low number and 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

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Find the best dividend stocksShow peers with best dividend

INGR Fundamentals: All Metrics, Ratios and Statistics

INGREDION INC

NYSE:INGR (3/6/2026, 8:26:52 PM)

After market: 114.83 0 (0%)

114.83

+2.03 (+1.8%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners97.44%
Inst Owner Change2.23%
Ins Owners0.82%
Ins Owner Change4.91%
Market Cap7.23B
Revenue(TTM)7.22B
Net Income(TTM)729.00M
Analysts75.38
Price Target127.58 (11.1%)
Short Float %3.65%
Short Ratio3.45
Dividend
Industry RankSector Rank
Dividend Yield 2.91%
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)0.81%
PT rev (3m)0.13%
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 10.33
Fwd PE 9.9
P/S 1
P/FCF 14.16
P/OCF 7.66
P/B 1.69
P/tB 2.41
EV/EBITDA 6.21
EPS(TTM)11.12
EY9.68%
EPS(NY)11.6
Fwd EY10.1%
FCF(TTM)8.11
FCFY7.06%
OCF(TTM)14.98
OCFY13.05%
SpS114.59
BVpS67.84
TBVpS47.7
PEG (NY)2.38
PEG (5Y)0.84
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 3.85
F-Score8
WACC7.33%
ROIC/WACC1.56
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 Year22.3%
EBIT Next 3Y9.87%
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%.