INGHAMS GROUP LIMITED (ING)
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ING

ING - INGHAMS GROUP LIMITED

FNArena Sector : Food, Beverages & Tobacco
Year End: June
GICS Industry Group : Food, Beverage & Tobacco
Debt/EBITDA: 5.24
Index: 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

$2.00

17 Sep
2026

0.005

OPEN

$2.03

0.25%

HIGH

$2.04

1,918,886

LOW

$1.99

TARGET
$2.04

-0.19 change from previous day

 2.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMC . AVG . CKF . COL . DMP . EDV . GYG . LRK . MBH . MTS . RFG . SGLLV . SPG . TWE . WOA . WOW . YOW .
FNARENA'S MARKET CONSENSUS FORECASTS
ING: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 9.3 18.5 xxx
DPS (cps) xxx 10.1 11.1 xxx
EPS Growth xxx - 61.5% 98.4% xxx
DPS Growth xxx - 46.8% 9.9% xxx
PE Ratio xxx N/A 10.3 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 108.5% 60.1% xxx

Dividend yield today if purchased 3 years ago: 3.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.30

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: 16/09 - ex-div 6.10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx9.3
DPS All xxxxxxxxxxxxxxx10.1
Sales/Revenue xxxxxxxxxxxxxxx3,227.4 M
Book Value Per Share xxxxxxxxxxxxxxx67.7
Net Operating Cash Flow xxxxxxxxxxxxxxx270.1 M
Net Profit Margin xxxxxxxxxxxxxxx1.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.09 %
Return on Invested Capital xxxxxxxxxxxxxxx2.14 %
Return on Assets xxxxxxxxxxxxxxx1.47 %
Return on Equity xxxxxxxxxxxxxxx13.09 %
Return on Total Capital xxxxxxxxxxxxxxx7.92 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx148.1 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx200 M
Long Term Debt xxxxxxxxxxxxxxx1,354 M
Total Debt xxxxxxxxxxxxxxx1,554 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx192 M
Price To Book Value xxxxxxxxxxxxxxx2.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx77.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.40 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,686 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx397 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5 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

-0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

24/08/2026

5

Underperform

$1.90

-5.00%

Inghams Group's FY26 result was in line with guidance, Macquarie reports. FY27 earnings guidance is -6% below consensus at the midpoint.

Macro factors aside (diesel, packaging costs), Inghams continues to face cost-control issues (wastage, customer onboarding, cost-to serve), as it diversifies its customer base, Macquarie notes.

Capex may need to rise to improve cost position, the broker suggests, though funding is constrained. Operational execution and further balance sheet deleverage is required to build positive thesis.

Target rises to $1.90 from $1.80, Underperform retained.

FORECAST
Macquarie forecasts a full year FY27 dividend of 10.30 cents and EPS of 17.20 cents.
Macquarie forecasts a full year FY28 dividend of 11.10 cents and EPS of 18.60 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

25/08/2026

3

Downgrade to Neutral from Overweight

$2.50

25.00%

Jarden lowers its recommendation for Inghams Group to Neutral from Overweight and reduces its target price to $2.50 from $2.70 following FY26 earnings which came in in line with expectations alongside a softer outlook.

The company has experienced higher costs and increased competition, which will add a cost impost of -$110m to FY27 and drive a greater second-half skew, increasing risk if competitor pricing pressure intensifies.

The broker comments that while management is performing well in managing controllable costs and securing new contracts to replace lost volume, the business requires a stronger competitive advantage to drive better margin outcomes.

Recent small mergers and acquisitions are viewed positively, though further strategic moves or innovations are needed to boost pricing power, the report concludes.
Access Extra Coverage Research History >

ING STOCK CHART

FNArena News on ING

1
Rudi’s View: Resilient, But August Fails To Excite

Sep 02 2026 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 28-08-26

Aug 31 2026 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 24-08-2026

Aug 24 2026 - Australia

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