INGHAMS GROUP LIMITED (ING)
Share Price Analysis and Chart

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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

$3.86

07 Dec
2023

-0.050

OPEN

$3.91

-1.28%

HIGH

$3.92

2,104,661

LOW

$3.83

TARGET
$3.89 0.8% 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 30.6 xxx
DPS (cps) xxx 14.5 19.4 xxx
EPS Growth xxx 72.0% 88.3% xxx
DPS Growth xxx 100.0% 33.8% xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 89.2% 63.4% xxx

Dividend yield today if purchased 3 years ago: 4.71%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.72

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: 14/09 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Morgans

01/11/2023

1

Add

$4.45

15.28%

The prior strong 2H FY23 operational performance by Inghams Group has flowed through to stronger 1H FY24 guidance, which was materially ahead of Morgans expectations.

Performance metrics across farming and processing operations have improved and there has been strong demand for poultry, note the analysts. Wholesale pricing has also improved and a new CEO in New Zealand has accelerated a recovery in operations.

The broker makes material upgrades to earnings forecasts and the target rises to $4.45 from $3.78. It's felt the stock remains undervalued. Add.

FORECAST
Morgans forecasts a full year FY24 dividend of 21.00 cents and EPS of 34.00 cents.
Morgans forecasts a full year FY25 dividend of 22.00 cents and EPS of 35.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >

ING STOCK CHART

FNArena News on ING

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 23, 2023

Nov 23 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 09, 2023

Nov 09 2023 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 03-11-23

Nov 06 2023 - Weekly Reports
5
Inghams Comes Home To Roost

Nov 01 2023 - Australia

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Inghams Comes Home To Roost

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

Oct 27 2023 - Weekly Reports
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Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View
6
Domino’s Pizza: Putting In A Base?

Aug 29 2023 - Technicals
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Paw Patrol; Investing In Non-Discretionary Pets

Aug 28 2023 - Small Caps
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Aug 03 2023 - ESG Focus
9
A New Dawn For Retail Food Group

Jun 29 2023 - Small Caps
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FY23 Vindicates Collins Foods’ Value Strategy

Jun 28 2023 - Australia