Analysts have adjusted their price target for Inghams Group only marginally, with small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions, keeping their estimated fair value broadly steady at about A$2.79 per share.
What's in the News
- Inghams Group Limited (ASX:ING) was removed from the S&P/ASX 200 Index. This change may affect how some index and benchmark driven funds treat the stock (Key Developments).
- The company was also removed from the S&P/ASX 200 Consumer Staples Sector Index, which may change its visibility within sector focused portfolios (Key Developments).
Valuation Changes
- Fair Value: The analyst fair value estimate is maintained at about A$2.79 per share, with no change in the model output.
- Discount Rate: The discount rate assumption has been adjusted marginally from 7.34% to 7.31%, reflecting a very small tweak to the risk and return inputs.
- Revenue Growth: The forecast revenue growth input is broadly unchanged, remaining at 1.34% in the updated model.
- Net Profit Margin: The net profit margin assumption is effectively flat at 3.24%, with no material change to the profitability view.
- Future P/E: The future P/E multiple used in the valuation is almost unchanged, moving from 12.03x to 12.02x, so the implied earnings multiple is effectively stable.
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