INGHAMS GROUP LIMITED (ING)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

ING - INGHAMS GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 4.58
Index: ASX200 | ASX300 | ALL-ORDS

Inghams is Australia's number one provider of poultry food products as well as a producer of stockfeed. Founded in 1918 the family business was aquired by TPG Capital in 2014 and floated on the ASX in 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.61

25 Jul
2024

-0.010

OPEN

$3.62

-0.28%

HIGH

$3.65

1,086,577

LOW

$3.60

TARGET
$4.225 17.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . BFC . CKF . COL . DMP . E33 . EDV . GDA . LRK . MBH . MCL . MMM . MTS . RFG . SGLLV . TSI . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
ING: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 16.3 30.9 xxx
DPS (cps) xxx 14.5 21.9 xxx
EPS Growth xxx 72.0% 90.2% xxx
DPS Growth xxx 100.0% 51.3% xxx
PE Ratio xxx N/A 11.7 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx 89.2% 71.0% xxx

Dividend yield today if purchased 3 years ago: 3.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.01

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/03 - ex-div 12c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx16.3
DPS All xxxxxxxxxxxxxxx14.5
Sales/Revenue xxxxxxxxxxxxxxx3,044.0 M
Book Value Per Share xxxxxxxxxxxxxxx54.3
Net Operating Cash Flow xxxxxxxxxxxxxxx331.6 M
Net Profit Margin xxxxxxxxxxxxxxx1.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx33.56 %
Return on Invested Capital xxxxxxxxxxxxxxx3.37 %
Return on Assets xxxxxxxxxxxxxxx2.36 %
Return on Equity xxxxxxxxxxxxxxx33.56 %
Return on Total Capital xxxxxxxxxxxxxxx7.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx241.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx287 M
Long Term Debt xxxxxxxxxxxxxxx1,613 M
Total Debt xxxxxxxxxxxxxxx1,900 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx136 M
Price To Book Value xxxxxxxxxxxxxxx4.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx71.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,533 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx364 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

01/07/2024

1

Buy

$4.35

20.50%

Bell Potter adjusts earnings estimates for Inghams Group due to a -12% decline in the feed costs for FY25 based on 2024 changes. with the CSIRO and Abare looking for above average yield outcomes in the 2024/25 harvests as potential further tailwinds.

The broker highlights poultry pricing indicators have passed the 1H24 peak and pricing is expected to decline in FY25.

The analyst revises the FY24 earnings forecast by -3% and leaves FY25 unchanged. Bell Potter considers the share price weakness from avian flu as a buying opportunity.

The Buy rating and target price of $4.35 are retained.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 23.00 cents and EPS of 30.60 cents.
Bell Potter forecasts a full year FY25 dividend of 24.00 cents and EPS of 32.40 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

23/02/2024

2

Overweight

$3.95

9.42%

Inghams Group met Jarden's forecasts for the 1H24 results, with the company beating EBITDA guidance and the market's expectations.

Management offered little by way of guidance for FY24, only to note that quick service restaurant demand is lower, down by some -3.1% on a year ago.

The broker considers the stock's valuation as not challenging and the outlook remains "sound". 

Some marginal adjustments are made to FY24-FY26 EBITDA forecasts, notes the analyst, up by 3-6%, respectively, with higher interest rates and tax rate mudding the EPS forecasts.

An Overweight rating is retained and the target raised to $3.95 from $3.90.

FORECAST
Jarden forecasts a full year FY24 dividend of 21.90 cents and EPS of 35.30 cents.
Jarden forecasts a full year FY25 dividend of 22.80 cents and EPS of 32.40 cents.
Access Stockbroker Research History >

ING STOCK CHART

FNArena News on ING

1
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
2
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
3
ESG Focus: Mine Safety, Water & Diversity

Jul 08 2024 - ESG Focus
4
Rudi’s View: Met Coal, Banks, GenAi & Buying-The-Dip

Jul 04 2024 - Rudi's View
5
Rudi’s View: Copper, Lithium, Retailers & TechnologyOne

Jun 27 2024 - Rudi's View

Latest Food, Beverages & Tobacco News

1
Collins Foods Looking For M&A Opportunities

Jun 27 2024 - Australia
2
Housing Crunch For Metcash

Jun 26 2024 - Australia
3
Treasury Wine Chases Luxury

Jun 25 2024 - Australia
4
Treasure Chest: The Fast Food Conundrum

May 02 2024 - Treasure Chest
5
Japan Drags On Domino’s Growth Profile

Apr 16 2024 - Australia
6
Treasury Wine: How To Run A Vineyard

Dec 13 2023 - Australia
7
Collins Foods: Fast Food Resilience & Taco Bell Turnaround

Nov 29 2023 - Australia
8
Inghams Comes Home To Roost

Nov 01 2023 - Australia
9
Endeavour Group Sales Growth Slowing

Oct 31 2023 - Australia
10
In Brief: Ozempic, Banks & the EV Megatrend

Oct 27 2023 - Weekly Reports