Inghams Group Limited

ASX:ING Stock Report

Market Cap: AU$1.2b

Inghams Group Valuation

Is ING undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ING when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ING (A$3.14) is trading below our estimate of fair value (A$17.07)

Significantly Below Fair Value: ING is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ING?

Key metric: As ING is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ING. This is calculated by dividing ING's market cap by their current earnings.
What is ING's PE Ratio?
PE Ratio11.5x
EarningsAU$101.50m
Market CapAU$1.17b

Price to Earnings Ratio vs Peers

How does ING's PE Ratio compare to its peers?

The above table shows the PE ratio for ING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.3x
AAC Australian Agricultural
24.5x-27.6%AU$846.9m
CBO Cobram Estate Olives
48.5x15.4%AU$898.7m
BGA Bega Cheese
57.8x22.5%AU$1.8b
SGLLV Ricegrowers
10.4x9.6%AU$672.3m
ING Inghams Group
11.5x5.2%AU$1.2b

Price-To-Earnings vs Peers: ING is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (35.3x).

Price to Earnings Ratio vs Industry

How does ING's PE Ratio compare vs other companies in the Oceanian Food Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ING 11.5xIndustry Avg. 15.9xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ING is good value based on its Price-To-Earnings Ratio (11.5x) compared to the Global Food industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is ING's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ING PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: ING is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ING forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$3.14
AU$3.41
+8.5%
8.0%AU$3.76AU$2.90n/a11
Dec ’25AU$3.10
AU$3.41
+9.9%
8.0%AU$3.76AU$2.90n/a11
Nov ’25AU$2.90
AU$3.39
+17.1%
7.7%AU$3.70AU$2.90n/a11
Oct ’25AU$2.91
AU$3.43
+18.0%
7.0%AU$3.70AU$2.90n/a10
Sep ’25AU$3.11
AU$3.55
+14.0%
11.9%AU$4.67AU$2.90n/a11
Aug ’25AU$3.72
AU$4.24
+14.0%
11.9%AU$5.00AU$3.15n/a11
Jul ’25AU$3.63
AU$4.25
+17.0%
11.7%AU$5.00AU$3.15n/a11
Jun ’25AU$3.54
AU$4.25
+20.0%
11.7%AU$5.00AU$3.15n/a11
May ’25AU$3.72
AU$4.25
+14.1%
11.7%AU$5.00AU$3.15n/a11
Apr ’25AU$3.59
AU$4.25
+18.3%
11.7%AU$5.00AU$3.15n/a11
Mar ’25AU$3.61
AU$4.25
+17.6%
11.7%AU$5.00AU$3.15n/a11
Feb ’25AU$4.33
AU$4.30
-0.8%
13.5%AU$5.30AU$3.25n/a10
Jan ’25AU$3.96
AU$4.08
+3.1%
15.6%AU$5.30AU$3.05n/a10
Dec ’24AU$3.86
AU$4.07
+5.4%
15.0%AU$5.30AU$3.05AU$3.1011
Nov ’24AU$3.82
AU$4.02
+5.2%
14.7%AU$5.30AU$3.05AU$2.9011
Oct ’24AU$3.32
AU$3.73
+12.2%
12.9%AU$4.80AU$2.90AU$2.9111
Sep ’24AU$3.49
AU$3.73
+6.8%
12.9%AU$4.80AU$2.90AU$3.1111
Aug ’24AU$2.80
AU$3.17
+13.2%
16.6%AU$4.00AU$2.19AU$3.7211
Jul ’24AU$2.62
AU$3.15
+20.1%
16.2%AU$4.00AU$2.19AU$3.6312
Jun ’24AU$2.79
AU$3.16
+13.1%
16.0%AU$4.00AU$2.19AU$3.5412
May ’24AU$2.83
AU$3.08
+9.0%
15.0%AU$4.00AU$2.19AU$3.7211
Apr ’24AU$3.12
AU$3.08
-1.2%
15.0%AU$4.00AU$2.19AU$3.5911
Mar ’24AU$3.18
AU$3.09
-2.8%
14.4%AU$4.00AU$2.19AU$3.6112
Feb ’24AU$2.91
AU$3.02
+3.7%
15.2%AU$4.00AU$2.18AU$4.3312
Jan ’24AU$2.86
AU$3.02
+5.5%
15.2%AU$4.00AU$2.18AU$3.9612
Dec ’23AU$2.87
AU$3.09
+7.8%
12.9%AU$4.00AU$2.55AU$3.8611

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/28 22:00
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/29
Annual Earnings2024/06/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Inghams Group Limited is covered by 18 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan SnapeBell Potter
Mitchell HawkerBofA Global Research
Citi ResearchCitigroup Inc