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Inghams Group LimitedASX:ING Stock Report

Market Cap AU$773.1m
Share Price
AU$2.08
AU$2.43
14.6% undervalued intrinsic discount
1Y-44.5%
7D-0.5%
1D
Portfolio Value
View

Inghams Group Limited

ASX:ING Stock Report

Market Cap: AU$773.1m

Inghams Group (ING) Stock Overview

Engages in the production and sale of chicken and turkey products under the Ingham’s brand primarily in Australia and New Zealand. More details

ING fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health3/6
Dividends4/6

ING Community Fair Values

Create Narrative

See what 64 others think this stock is worth. Follow their fair value or set your own to get alerts.

Inghams Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Inghams Group
Historical stock prices
Current Share PriceAU$2.08
52 Week HighAU$3.90
52 Week LowAU$1.69
Beta0.19
1 Month Change18.52%
3 Month Change2.46%
1 Year Change-44.53%
3 Year Change-22.68%
5 Year Change-43.78%
Change since IPO-35.40%

Recent News & Updates

Narrative Update May 04

ING: Dividend Outlook And Investor Day Commentary Will Support Future Upside

Analysts have trimmed their fair value estimate for Inghams Group from A$2.47 to A$2.43, reflecting slightly higher discount rate assumptions and marginally softer expectations for revenue growth, profit margins and future P/E multiples. What's in the News Inghams Group held an Analyst/Investor Day, giving the market an opportunity to hear updated commentary from management on the business and outlook.
Narrative Update Apr 18

ING: Dividend Payout And Investor Day Will Support A Stronger Future Profile

Analysts have made only a slight adjustment to Inghams Group's assessed value, keeping the fair value steady around A$2.47 per share as small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions offset each other. What's in the News Inghams Group scheduled an Analyst/Investor Day, giving the market a chance to hear updated management commentary and ask questions on the outlook and capital allocation plans (Key Developments).
Narrative Update Apr 01

ING: Dividend And Investor Day Will Support A More Attractive Future Profile

Analysts have slightly trimmed their price target on Inghams Group to A$2.47, reflecting small adjustments to assumptions for the discount rate, long term revenue growth, profit margins, and future P/E multiples. What's in the News Inghams Group scheduled an Analyst/Investor Day, giving the market a dedicated forum to hear management’s latest views and assumptions on the business (Key Developments).

Recent updates

Narrative Update May 04

ING: Dividend Outlook And Investor Day Commentary Will Support Future Upside

Analysts have trimmed their fair value estimate for Inghams Group from A$2.47 to A$2.43, reflecting slightly higher discount rate assumptions and marginally softer expectations for revenue growth, profit margins and future P/E multiples. What's in the News Inghams Group held an Analyst/Investor Day, giving the market an opportunity to hear updated commentary from management on the business and outlook.
Narrative Update Apr 18

ING: Dividend Payout And Investor Day Will Support A Stronger Future Profile

Analysts have made only a slight adjustment to Inghams Group's assessed value, keeping the fair value steady around A$2.47 per share as small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions offset each other. What's in the News Inghams Group scheduled an Analyst/Investor Day, giving the market a chance to hear updated management commentary and ask questions on the outlook and capital allocation plans (Key Developments).
Narrative Update Apr 01

ING: Dividend And Investor Day Will Support A More Attractive Future Profile

Analysts have slightly trimmed their price target on Inghams Group to A$2.47, reflecting small adjustments to assumptions for the discount rate, long term revenue growth, profit margins, and future P/E multiples. What's in the News Inghams Group scheduled an Analyst/Investor Day, giving the market a dedicated forum to hear management’s latest views and assumptions on the business (Key Developments).
Narrative Update Mar 18

ING: Dividend And Investor Day Will Support A More Attractive Future Profile

Analysts have kept their A$2.47 fair value estimate for Inghams Group steady. They cite largely unchanged assumptions for revenue growth, profit margins, discount rate and future P/E in their latest price target work.
Narrative Update Mar 04

ING: Index Removal And Dividend Will Support A More Attractive Future Profile

Analysts have trimmed their price target for Inghams Group to A$2.47 from A$2.70, as small changes to the discount rate, revenue growth, profit margin and the assumed future P/E flow through to a slightly lower assessed fair value. What's in the News Inghams Group held an Analyst and Investor Day, providing the market with an updated view of its business and the company’s outlook (Key Developments).
Narrative Update Feb 18

ING: Index Removal Will Set Up A More Attractive Future Profile

Analysts have slightly reduced their fair value estimate for Inghams Group from A$2.73 to A$2.70, reflecting updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Inghams Group Limited (ASX:ING) has been removed from the S&P/ASX 200 Index, reducing its presence in a broad Australian equity benchmark (Key Developments).
Narrative Update Feb 03

ING: Index Removal And Assumption Tweaks Will Shape A Balanced Outlook

Analysts have slightly reduced their price target for Inghams Group, adjusting their fair value estimate from A$2.78 to A$2.73, along with modest changes to the discount rate, profit margin assumptions and future P/E expectations. What's in the News Inghams Group Limited (ASX:ING) has been dropped from the S&P/ASX 200 Index.
Narrative Update Jan 20

ING: Index Removals And Modest Assumption Tweaks Will Shape Balanced Outlook

Analysts have nudged their price target on Inghams Group slightly lower to A$2.78 from A$2.79, reflecting modest adjustments to assumptions around the discount rate, revenue growth, profit margins and future P/E. What's in the News Inghams Group Limited (ASX:ING) removed from the S&P/ASX 200 Index.
Narrative Update Jan 05

ING: Index Removal And Steady Outlook Will Likely Shape Balanced Future Prospects

Analysts have adjusted their price target for Inghams Group only marginally, with small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions, keeping their estimated fair value broadly steady at about A$2.79 per share. What's in the News Inghams Group Limited (ASX:ING) was removed from the S&P/ASX 200 Index.
Narrative Update Dec 22

ING: Index Removal Will Likely Create Attractive Future Upside Potential

Analysts have modestly raised their price target on Inghams Group to align more closely with their updated valuation assumptions, reflecting slightly higher discount rate and future earnings multiple expectations, while maintaining a stable fair value estimate of approximately $2.79 per share. What's in the News Inghams Group Limited (ASX:ING) was removed from the S&P/ASX 200 Index, which may affect index fund ownership and liquidity (Key Developments) The company was also dropped from the S&P/ASX 200 Consumer Staples Sector Index, reducing its representation in sector-specific benchmark portfolios (Key Developments) Valuation Changes Fair Value: unchanged at approximately A$2.79 per share, indicating no revision to the core valuation outcome.
Narrative Update Nov 28

ING: Higher Revenue Outlook Will Likely Drive Share Price Momentum

Analysts have lowered their price target for Inghams Group from $2.99 to $2.79. They cite updated forecasts that reflect slightly lower profit margins and a more conservative discount rate, even though projections for revenue growth have improved.
Analysis Article Sep 17

Inghams Group Limited (ASX:ING) Not Doing Enough For Some Investors As Its Shares Slump 28%

The Inghams Group Limited ( ASX:ING ) share price has fared very poorly over the last month, falling by a substantial...
Analysis Article Sep 03

There May Be Reason For Hope In Inghams Group's (ASX:ING) Disappointing Earnings

Inghams Group Limited's ( ASX:ING ) earnings announcement last week didn't impress shareholders. While the headline...
Analysis Article Aug 25

Inghams Group (ASX:ING) Will Pay A Dividend Of A$0.08

Inghams Group Limited ( ASX:ING ) has announced that it will pay a dividend of A$0.08 per share on the 1st of October...
Narrative Update Aug 25

Refinancing Will Provide $200 Million For Future Automation Investments

Inghams Group’s fair value estimate has been revised downward to A$3.07, driven primarily by a reduction in revenue growth forecasts from 1.3% to -0.5% and a decline in expected net profit margins. What's in the News Andrew Reeves retired as CEO of Inghams Group, effective 28 June 2025; he will remain with the company until end of August 2025.
Analysis Article May 07

Inghams Group Limited's (ASX:ING) Low P/E No Reason For Excitement

Inghams Group Limited's ( ASX:ING ) price-to-earnings (or "P/E") ratio of 15.4x might make it look like a buy right now...
User avatar
New Narrative Mar 18

Refinancing Will Provide $200 Million For Future Automation Investments

Successful acquisition and integration of Bostock Brothers in New Zealand drives volume growth and revenue improvements, enhancing future financial prospects.
Analysis Article Mar 13

Inghams Group (ASX:ING) Is Due To Pay A Dividend Of A$0.11

Inghams Group Limited's ( ASX:ING ) investors are due to receive a payment of A$0.11 per share on 4th of April. The...
Analysis Article Feb 27

Inghams Group (ASX:ING) Has Announced A Dividend Of A$0.11

Inghams Group Limited ( ASX:ING ) has announced that it will pay a dividend of A$0.11 per share on the 4th of April...
Analysis Article Aug 26

Inghams Group's (ASX:ING) Dividend Will Be Reduced To A$0.08

Inghams Group Limited ( ASX:ING ) has announced that on 9th of October, it will be paying a dividend ofA$0.08, which a...
Analysis Article Aug 14

Getting In Cheap On Inghams Group Limited (ASX:ING) Is Unlikely

With a median price-to-sales (or "P/S") ratio of close to 0.7x in the Food industry in Australia, you could be forgiven...
Analysis Article Jul 02

Inghams Group Limited (ASX:ING) Shares Could Be 43% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Inghams Group is AU$6.52 based on Dividend Discount Model Inghams Group is...
Analysis Article May 22

Here's What's Concerning About Inghams Group's (ASX:ING) Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Feb 17

Inghams Group Limited's (ASX:ING) Popularity With Investors Is Under Threat From Overpricing

With a median price-to-sales (or "P/S") ratio of close to 0.9x in the Food industry in Australia, you could be forgiven...
Analysis Article Oct 31

We Think Some Shareholders May Hesitate To Increase Inghams Group Limited's (ASX:ING) CEO Compensation

Key Insights Inghams Group's Annual General Meeting to take place on 6th of November CEO Andrew Reeves' total...
Analysis Article Sep 02

Inghams Group (ASX:ING) Is Paying Out A Larger Dividend Than Last Year

Inghams Group Limited ( ASX:ING ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article Aug 19

Inghams Group (ASX:ING) Will Pay A Larger Dividend Than Last Year At A$0.10

Inghams Group Limited ( ASX:ING ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article Feb 20

Inghams Group's (ASX:ING) Dividend Is Being Reduced To A$0.045

The board of Inghams Group Limited ( ASX:ING ) has announced that the dividend on 6th of April will be reduced by 31...
Analysis Article Sep 12

Inghams Group (ASX:ING) Will Pay A Smaller Dividend Than Last Year

Inghams Group Limited ( ASX:ING ) is reducing its dividend from last year's comparable payment to A$0.005 on the 5th of...
Analysis Article Aug 29

Inghams Group's (ASX:ING) Dividend Will Be Reduced To A$0.005

Inghams Group Limited's ( ASX:ING ) dividend is being reduced from last year's payment covering the same period to...

Shareholder Returns

INGAU FoodAU Market
7D-0.5%-0.7%-1.2%
1Y-44.5%-6.3%0.8%

Return vs Industry: ING underperformed the Australian Food industry which returned -6.3% over the past year.

Return vs Market: ING underperformed the Australian Market which returned 0.8% over the past year.

Price Volatility

Is ING's price volatile compared to industry and market?
ING volatility
ING Average Weekly Movement5.2%
Food Industry Average Movement6.3%
Market Average Movement10.2%
10% most volatile stocks in AU Market17.2%
10% least volatile stocks in AU Market4.1%

Stable Share Price: ING has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: ING's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1918n/aEd Alexanderwww.inghams.com.au

Inghams Group Limited, together with its subsidiaries, engages in the production and sale of chicken and turkey products under the Ingham’s brand primarily in Australia and New Zealand. It also offers stockfeed for poultry and pig industries. The company was founded in 1918 and is based in Macquarie Park, Australia.

Inghams Group Limited Fundamentals Summary

How do Inghams Group's earnings and revenue compare to its market cap?
ING fundamental statistics
Market capAU$773.09m
Earnings (TTM)AU$56.40m
Revenue (TTM)AU$3.15b
13.7x
P/E Ratio
0.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ING income statement (TTM)
RevenueAU$3.15b
Cost of RevenueAU$2.60b
Gross ProfitAU$547.10m
Other ExpensesAU$490.70m
EarningsAU$56.40m

Last Reported Earnings

Dec 27, 2025

Next Earnings Date

Aug 21, 2026

Earnings per share (EPS)0.15
Gross Margin17.36%
Net Profit Margin1.79%
Debt/Equity Ratio252.6%

How did ING perform over the long term?

See historical performance and comparison

Dividends

9.1%
Current Dividend Yield
79%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/06 10:17
End of Day Share Price 2026/06/05 00:00
Earnings2025/12/27
Annual Earnings2025/06/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Inghams Group Limited is covered by 18 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan SnapeBell Potter
Alexander PatonCitigroup Inc
Citi ResearchCitigroup Inc