MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients.
Excellent balance sheet with acceptable track record.
Share Price & News
How has MGP Ingredients's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MGPI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MGPI underperformed the US Beverage industry which returned -1.6% over the past year.
Return vs Market: MGPI underperformed the US Market which returned 7.1% over the past year.
Price Volatility Vs. Market
How volatile is MGP Ingredients's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHow Does MGP Ingredients's (NASDAQ:MGPI) P/E Compare To Its Industry, After Its Big Share Price Gain?
1 month ago | Simply Wall StHow Does MGP Ingredients, Inc. (NASDAQ:MGPI) Fare As A Dividend Stock?
1 month ago | Simply Wall StWhat Is MGP Ingredients's (NASDAQ:MGPI) P/E Ratio After Its Share Price Rocketed?
Is MGP Ingredients undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MGPI ($36.88) is trading above our estimate of fair value ($17.63)
Significantly Below Fair Value: MGPI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MGPI is good value based on its PE Ratio (16.2x) compared to the Beverage industry average (23.9x).
PE vs Market: MGPI is poor value based on its PE Ratio (16.2x) compared to the US market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: MGPI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MGPI is good value based on its PB Ratio (2.6x) compared to the US Beverage industry average (3.1x).
How is MGP Ingredients forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGPI's earnings are forecast to decline over the next 3 years (-1.1% per year).
Earnings vs Market: MGPI's earnings are forecast to decline over the next 3 years (-1.1% per year).
High Growth Earnings: MGPI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MGPI's revenue (4.2% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: MGPI's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MGPI's Return on Equity is forecast to be high in 3 years time
How has MGP Ingredients performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MGPI has high quality earnings.
Growing Profit Margin: MGPI's current net profit margins (10.4%) are higher than last year (9.9%).
Past Earnings Growth Analysis
Earnings Trend: MGPI's earnings have grown by 10.3% per year over the past 5 years.
Accelerating Growth: MGPI's earnings growth over the past year (3.1%) is below its 5-year average (10.3% per year).
Earnings vs Industry: MGPI earnings growth over the past year (3.1%) underperformed the Beverage industry 7.9%.
Return on Equity
High ROE: MGPI's Return on Equity (16.5%) is considered low.
How is MGP Ingredients's financial position?
Financial Position Analysis
Short Term Liabilities: MGPI's short term assets ($242.3M) exceed its short term liabilities ($41.3M).
Long Term Liabilities: MGPI's short term assets ($242.3M) exceed its long term liabilities ($105.5M).
Debt to Equity History and Analysis
Debt Level: MGPI's debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: MGPI's debt to equity ratio has increased from 9.4% to 39.2% over the past 5 years.
Debt Coverage: MGPI's debt is well covered by operating cash flow (26.1%).
Interest Coverage: MGPI's interest payments on its debt are well covered by EBIT (34.9x coverage).
What is MGP Ingredients's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MGPI's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: MGPI's dividend (1.3%) is low compared to the top 25% of dividend payers in the US market (4.54%).
Stability and Growth of Payments
Stable Dividend: MGPI's dividend payments have been volatile in the past 10 years.
Growing Dividend: MGPI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.5%), MGPI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gus Griffin (59yo)
Mr. Augustus C. Griffin, also known as Gus, serves as Chief Executive Officer of MGP Ingredients, Inc. since July 28, 2014 and served as its President from July 28, 2014 to March 16, 2020. He joined MGP In ...
CEO Compensation Analysis
Compensation vs Market: Gus's total compensation ($USD1.57M) is below average for companies of similar size in the US market ($USD3.13M).
Compensation vs Earnings: Gus's compensation has been consistent with company performance over the past year.
|CEO & Director||5.83yrs||US$1.57m||0.72% $4.5m|
|VP of Finance & CFO||1.08yrs||US$530.21k||0.12% $750.4k|
|VP & Chief Administrative Officer||4.42yrs||US$730.81k||0.19% $1.2m|
|Chief Science Officer and VP of Ingredients Research & Development||4.58yrs||no data||no data|
|VP, General Counsel & Corporate Secretary||2.75yrs||no data||no data|
|Corporate Director of Communications||no data||no data||no data|
|Vice President of Sales and Marketing||no data||no data||no data|
|Corporate Controller||0.92yr||no data||no data|
Experienced Management: MGPI's management team is considered experienced (3.6 years average tenure).
|CEO & Director||5.83yrs||US$1.57m||0.72% $4.5m|
|Chairman Emeritus||no data||US$64.88k||no data|
|Independent Director||6yrs||US$152.00k||0.42% $2.6m|
|Independent Director||6.42yrs||US$159.00k||0.26% $1.6m|
|Independent Director||6yrs||US$147.00k||0.23% $1.4m|
|Independent Director||4yrs||US$148.00k||0.027% $166.7k|
|Independent Chairperson||5.42yrs||US$187.25k||3.98% $24.8m|
|Independent Director||1.33yrs||US$158.98k||0.015% $96.0k|
|Independent Director||0.67yr||US$66.85k||0.0056% $34.9k|
Experienced Board: MGPI's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MGPI 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.
MGP Ingredients, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: MGP Ingredients, Inc.
- Ticker: MGPI
- Exchange: NasdaqGS
- Founded: 1941
- Industry: Distillers and Vintners
- Sector: Food, Beverage & Tobacco
- Market Cap: US$623.107m
- Shares outstanding: 16.90m
- Website: https://www.mgpingredients.com
Number of Employees
- MGP Ingredients, Inc.
- Cray Business Plaza
- 100 Commercial Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MGPI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1988|
|M1I||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1988|
|M1I||BST (Boerse-Stuttgart)||Yes||Common Stock||DE||EUR||Oct 1988|
MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates through two segments, Distillery Products and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel grade alcohol for blending with gasoline; distillery co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym Resistant Starch, FiberRite RW Resistant Starch, Pregel Instant Starch, and Midsol Cook-up Starch trademarks; specialty wheat proteins for food applications; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, Japan, Thailand, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 09:32|
|End of Day Share Price||2020/05/26 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.