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Ingredion Inc INGR

Morningstar Rating
$119.03 −0.74 (0.62%)
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Company Report

Ingredion's Specialty Ingredients Position Company for Steady Long-Term Profit Growth

Ingredion manufactures starches and sweeteners by wet milling and processing corn and other starch-based raw materials. The company steeps these raw materials in a water-based solution before separating the ingredients from co-products (animal feed and corn oil). Starches are the largest category, generating around 45% of revenue, followed by sweeteners at roughly 35%, and co-products at 20%. The starches are then further processed into starch and sweetener ingredients used primarily by the food and beverage industries.

Price vs Fair Value

INGR is trading at a 320% premium.
Price
$119.03
Fair Value
$775.00
Uncertainty
Medium
1-Star Price
$482.00
5-Star Price
$79.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Ingredion benefits from its growing proportion of specialty ingredients that carry some degree of pricing power and generate higher profit margins.

Bears

High-fructose corn syrup (roughly 10% of sales) has been linked with obesity and diabetes and is in declining use as a beverage sweetener.

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News

Trading Information

Previous Close Price
$119.77
Day Range
$118.06120.28
52-Week Range
$89.54122.18
Bid/Ask
$118.52 / $119.29
Market Cap
$7.81 Bil
Volume/Avg
343,123 / 387,967

Key Statistics

Price/Earnings (Normalized)
13.77
Price/Sales
1.01
Dividend Yield (Trailing)
2.61%
Dividend Yield (Forward)
2.61%
Total Yield
3.93%

Company Profile

Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company has two main product lines: specialty and core ingredients. Specialty ingredients includes starch-based texturizers, natural alternative sweeteners such as stevia, and plant proteins for alternative dairy and snacks. Core ingredients includes sweeteners, such as high-fructose corn syrup, and commodity starches, such as those used for sustainable packaging.
Sector
Consumer Defensive
Industry
Packaged Foods
Stock Style Box
Small Value
Total Number of Employees
11,600

Competitors

Valuation

Metric
INGR
KYGA
IFF
Price/Earnings (Normalized)
13.7718.9537.31
Price/Book Value
2.112.211.73
Price/Sales
1.011.782.17
Price/Cash Flow
8.3916.7223.74
Price/Earnings
INGR
KYGA
IFF

Financial Strength

Metric
INGR
KYGA
IFF
Quick Ratio
1.351.100.75
Current Ratio
2.441.661.68
Interest Coverage
9.4811.58−5.87
Quick Ratio
INGR
KYGA
IFF

Profitability

Metric
INGR
KYGA
IFF
Return on Assets (Normalized)
7.71%6.46%1.21%
Return on Equity (Normalized)
16.85%12.26%2.46%
Return on Invested Capital (Normalized)
11.19%8.88%2.46%
Return on Assets
INGR
KYGA
IFF
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