Ingredion Incorporated

NYSE:INGR Stock Report

Market Cap: US$9.2b

Ingredion Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 INGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INGR ($138.83) is trading above our estimate of fair value ($128.38)

Significantly Below Fair Value: INGR is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for INGR. This is calculated by dividing INGR's market cap by their current earnings.
What is INGR's PE Ratio?
PE Ratio13.2x
EarningsUS$683.00m
Market CapUS$9.18b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for INGR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.1x
BG Bunge Global
11.1x17.2%US$12.7b
DAR Darling Ingredients
25.8x29.9%US$6.8b
ADM Archer-Daniels-Midland
9.7x-4.0%US$25.5b
FDP Fresh Del Monte Produce
106x71.9%US$1.6b
INGR Ingredion
13.2x0.5%US$9.2b

Price-To-Earnings vs Peers: INGR is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (38.1x).

Price to Earnings Ratio vs Industry

How does INGR's PE Ratio compare vs other companies in the US Food Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GCEH Global Clean Energy Holdings
2.1xn/aUS$45.02m
SEED Origin Agritech
1.8xn/aUS$14.54m
FAMI Farmmi
1.8xn/aUS$2.81m
IDBH.F Industrias Bachoco. de
0.0002xn/aUS$59.94k
INGR 13.2xIndustry Avg. 19.2xNo. of Companies8PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INGR is good value based on its Price-To-Earnings Ratio (13.2x) compared to the US Food industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is INGR'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.

INGR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: INGR is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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 INGR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$138.83
US$165.20
+19.0%
6.6%US$178.00US$147.00n/a5
Nov ’25US$133.77
US$140.00
+4.7%
9.4%US$158.00US$122.00n/a5
Oct ’25US$136.03
US$138.00
+1.4%
7.2%US$148.00US$122.00n/a6
Sep ’25US$134.31
US$138.00
+2.7%
7.2%US$148.00US$122.00n/a6
Aug ’25US$123.34
US$128.00
+3.8%
6.9%US$142.00US$120.00n/a6
Jul ’25US$113.77
US$128.00
+12.5%
6.9%US$142.00US$120.00n/a6
Jun ’25US$117.58
US$128.29
+9.1%
6.4%US$142.00US$120.00n/a7
May ’25US$114.30
US$127.00
+11.1%
5.4%US$138.00US$117.00n/a8
Apr ’25US$117.23
US$126.71
+8.1%
5.7%US$138.00US$117.00n/a7
Mar ’25US$117.13
US$125.71
+7.3%
6.6%US$138.00US$115.00n/a7
Feb ’25US$111.08
US$122.86
+10.6%
5.6%US$136.00US$115.00n/a7
Jan ’25US$108.53
US$121.71
+12.1%
6.6%US$136.00US$110.00n/a7
Dec ’24US$104.57
US$121.71
+16.4%
6.6%US$136.00US$110.00n/a7
Nov ’24US$93.07
US$120.29
+29.2%
6.3%US$132.00US$110.00US$133.777
Oct ’24US$98.40
US$121.43
+23.4%
5.3%US$132.00US$113.00US$136.037
Sep ’24US$102.65
US$121.67
+18.5%
5.7%US$132.00US$113.00US$134.316
Aug ’24US$112.06
US$124.17
+10.8%
5.3%US$135.00US$117.00US$123.346
Jul ’24US$105.95
US$123.67
+16.7%
5.4%US$134.00US$115.00US$113.776
Jun ’24US$105.52
US$123.67
+17.2%
5.4%US$134.00US$115.00US$117.586
May ’24US$106.33
US$115.50
+8.6%
4.7%US$121.00US$107.00US$114.306
Apr ’24US$101.73
US$112.00
+10.1%
5.3%US$120.00US$105.00US$117.236
Mar ’24US$100.91
US$112.00
+11.0%
5.3%US$120.00US$105.00US$117.136
Feb ’24US$102.67
US$110.00
+7.1%
6.9%US$120.00US$100.00US$111.086
Jan ’24US$97.93
US$104.29
+6.5%
8.0%US$120.00US$93.00US$108.537
Dec ’23US$98.05
US$104.29
+6.4%
8.0%US$120.00US$93.00US$104.577
Nov ’23US$88.72
US$101.57
+14.5%
10.2%US$120.00US$89.00US$93.077

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

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