# Ingredion Incorporated (INGR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Defensive / Food & Staples Retailing. Price $101.26, market value $6.4 billion.

## Valuation
- **P/E (trailing): 11.0×** (5-yr avg 19.0×, 3-yr avg 11.2×). Ingredion Incorporated trades at 11.0× trailing earnings, well below its own five-year average of 19.0×: cheap by its own standards. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 8.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.59**. A PEG of 0.59 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.6×**. Enterprise value is 6.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 5.6%** (5-yr avg 6.1%). Free cash flow equals 5.6% of the market value, in line with its five-year average of 6.1%. Above 5% is generally attractive.
- **Earnings yield: 9.1%**. The inverse of the P/E: 9.1% of the price is earned each year.

## Profitability
- **Gross margin: 23.7%**. Ingredion Incorporated keeps 23.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 11.9%**. 11.9% of revenue is left after running the business.
- **Net margin: 10.1%**. 10.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.1%**. 17.1% on shareholders' equity is solid.
- **Return on invested capital: 13.5%**. Return on all capital, debt included, is 13.5%.
- **Return on assets: 7.5%**. Each dollar of assets produces 7.5% of profit.

## Growth
- **Revenue growth (1 yr): -2.8%** (3-yr -3.1%/yr, 5-yr 3.8%/yr). Revenue fell 2.8% over the last year, against 3.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 15.1%** (3-yr 15.1%/yr, 5-yr 16.8%/yr). Earnings per share rose 15.1%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.42**. Debt is 0.42 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.7×**. It would take 0.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 3.18**. A Z-score of 3.18 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 3.24%** ($3.28 per share, trailing). Ingredion Incorporated yields 3.24%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 29%** (59% of free cash flow). 29% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 4.9%/yr** (1-yr 36.4%). The dividend has grown 4.9% a year over five years.

## Price and momentum
- **Total return (1 yr): -18.4%** (YTD -6.0%, 3-mo 2.2%). The shares are down 18.4% over twelve months including dividends.
- **From 52-week high: -21.3%** (7.2% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 0.09** (volatility 18%). Beta of 0.09 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=INGR · Page: https://foliofundamentals.com/stocks/ingr

Not investment advice.