Ingredion Incorporated

NYSE:INGR Stock Report

Market Cap: US$8.8b

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.

Discounted Cash Flow
Simply Wall St
US$128.38
Fair Value
5.2% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: INGR ($135.11) 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 Ratio12.9x
EarningsUS$683.00m
Market CapUS$8.80b

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 Average36.2x
BG Bunge Global
9.6x16.3%US$11.1b
DAR Darling Ingredients
22.3x23.0%US$5.8b
ADM Archer-Daniels-Midland
13.7x6.2%US$24.5b
FDP Fresh Del Monte Produce
99.3x71.9%US$1.5b
INGR Ingredion
12.9x0.5%US$8.8b

Price-To-Earnings vs Peers: INGR is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (36.2x).

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
0.5xn/aUS$64.23m
SEED Origin Agritech
1.5xn/aUS$11.57m
IDBH.F Industrias Bachoco. de
0.02xn/aUS$9.65m
FAMI Farmmi
2xn/aUS$3.11m
INGR 12.9xIndustry Avg. 20.2xNo. of Companies6PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INGR is good value based on its Price-To-Earnings Ratio (12.9x) compared to the US Food industry average (20.2x).

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 Ratio12.9x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: INGR is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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$135.11
US$159.83
+18.3%
10.0%US$178.00US$132.00n/a6
Jan ’26US$137.56
US$159.67
+16.1%
9.9%US$178.00US$132.00n/a6
Dec ’25US$147.34
US$159.67
+8.4%
9.9%US$178.00US$132.00n/a6
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$110.00US$137.567
Dec ’24US$104.57
US$121.71
+16.4%
6.6%US$136.00US$110.00US$147.347
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
Analyst Price Target
Consensus Narrative from 6 Analysts
US$159.83
Fair Value
15.5% undervalued intrinsic discount
6
Number of Analysts

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 Analysis2025/01/20 05:22
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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

Ingredion Incorporated is covered by 24 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Benjamin TheurerBarclays
Matthew KornBarclays