Inghams Group Limited, together with its subsidiaries, produces and sells poultry products in Australia and New Zealand.
Moderate growth potential with mediocre balance sheet.
Share Price & News
How has Inghams Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ING has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ING underperformed the Australian Food industry which returned -7% over the past year.
Return vs Market: ING underperformed the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is Inghams Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StEstimating The Fair Value Of Inghams Group Limited (ASX:ING)
3 weeks ago | Simply Wall StShould You Be Impressed By Inghams Group Limited's (ASX:ING) ROE?
1 month ago | Simply Wall StWhy Inghams Group Limited’s (ASX:ING) Return On Capital Employed Is Impressive
Is Inghams Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ING (A$3.45) is trading below our estimate of fair value (A$4.06)
Significantly Below Fair Value: ING is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ING is good value based on its PE Ratio (18.9x) compared to the Food industry average (19.4x).
PE vs Market: ING is poor value based on its PE Ratio (18.9x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: ING is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: ING is overvalued based on its PB Ratio (8.8x) compared to the AU Food industry average (1.2x).
How is Inghams Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ING's forecast earnings growth (12.2% per year) is above the savings rate (1.1%).
Earnings vs Market: ING's earnings (12.2% per year) are forecast to grow faster than the Australian market (9.5% per year).
High Growth Earnings: ING's earnings are forecast to grow, but not significantly.
Revenue vs Market: ING's revenue (2.8% per year) is forecast to grow slower than the Australian market (4.1% per year).
High Growth Revenue: ING's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ING's Return on Equity is forecast to be very high in 3 years time (45.9%).
How has Inghams Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ING has high quality earnings.
Growing Profit Margin: ING's current net profit margins (2.7%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: ING's earnings have grown by 15.5% per year over the past 5 years.
Accelerating Growth: ING's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ING had negative earnings growth (-48.9%) over the past year, making it difficult to compare to the Food industry average (-21.4%).
Return on Equity
High ROE: Whilst ING's Return on Equity (46.93%) is outstanding, this metric is skewed due to their high level of debt.
How is Inghams Group's financial position?
Financial Position Analysis
Short Term Liabilities: ING's short term assets (A$643.6M) exceed its short term liabilities (A$565.3M).
Long Term Liabilities: ING's short term assets (A$643.6M) do not cover its long term liabilities (A$1.9B).
Debt to Equity History and Analysis
Debt Level: ING's debt to equity ratio (345%) is considered high.
Reducing Debt: Insufficient data to determine if ING's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ING's debt is well covered by operating cash flow (48.1%).
Interest Coverage: ING's interest payments on its debt are well covered by EBIT (3.3x coverage).
Inventory Level: ING has a high level of physical assets or inventory.
Debt Coverage by Assets: ING's debt is covered by short term assets (assets are 1.3x debt).
What is Inghams Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ING's dividend (5.65%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: ING's dividend (5.65%) is in the top 25% of dividend payers in the Australian market (5.53%)
Stability and Growth of Payments
Stable Dividend: ING has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ING's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (97.5%), ING's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ING's dividends in 3 years are forecast to be covered by earnings (71% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Leighton (63yo)
Mr. James B. Leighton, also known as Jim, serves as Managing Director, Chief Executive Officer and Director at Inghams Group since November 14, 2018. Mr. Leighton served as an Interim Chief Executive Offic ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD1.33M) is above average for companies of similar size in the Australian market ($USD936.12K).
Compensation vs Earnings: Insufficient data to compare Jim's compensation with company performance.
|MD, CEO & Director||1.3yrs||AU$2.02m||0.025% A$323.4k|
|CEO of New Zealand||0.9yrs||AU$941.00k||0.075% A$966.0k|
|General Manager of Finance||0yrs||no data||no data|
|Chief Financial Officer||0.3yrs||no data||no data|
|Chief Operations Officer||0.7yrs||no data||no data|
|Investor Relations Director||0.6yrs||no data||no data|
|General Counsel & Company Secretary||3.2yrs||no data||no data|
|Chief Marketing Officer||0.7yrs||no data||no data|
|Chief People Officer||0.6yrs||no data||no data|
|Head of Planning||0yrs||no data||no data|
Experienced Management: ING's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|MD, CEO & Director||1.3yrs||AU$2.02m||0.025% A$323.4k|
|Non-Executive Chairman||0yrs||AU$350.00k||0.043% A$547.7k|
|Non-Executive Director||3.3yrs||AU$160.00k||0.0089% A$113.6k|
|Non-Executive Director||0.8yrs||AU$31.00k||0.0042% A$54.4k|
|Non-Executive Director||6.3yrs||no data||no data|
|Non-Executive Director||1.1yrs||AU$58.00k||no data|
|Independent Director||2.4yrs||AU$140.00k||0.0052% A$66.0k|
|Independent Director||2.8yrs||AU$160.00k||0.0079% A$101.3k|
Experienced Board: ING's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ING insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Inghams Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Inghams Group Limited
- Ticker: ING
- Exchange: ASX
- Founded: 1918
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: AU$1.282b
- Shares outstanding: 371.68m
- Website: https://www.inghams.com.au
- Inghams Group Limited
- 1 Julius Avenue
- Level 4
- North Ryde
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ING||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Nov 2016|
|IH1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2016|
|ING||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Nov 2016|
Inghams Group Limited, together with its subsidiaries, produces and sells poultry products in Australia and New Zealand. It offers chicken and turkey products; and stock feed for poultry, pig, dairy, and equine industries. The company was founded in 1918 and is based in North Ryde, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:49|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.