Ingenia Communities Group (INA) AI Stock Analysis

• Market Cap: AU$1.93B
• Dividend Yield: 1.81%
• Average Volume (3M): 918.23K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.95
• Revenue Growth: 6.96%
• EPS Growth: 815.99%
• Country: AU
• Employees: 1,300
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 0.14
• Shares Outstanding: 407,583,250
• 10 Day Avg. Volume: 538,609
• 30 Day Avg. Volume: 918,233
• PEG Ratio: 0.02
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 4.27
• P/FCF Ratio: 16.05
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.77
• Price Target Upside: 14.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: AU$5.50 ▲(8.91% Upside)

Ingenia Communities Group's strong financial performance is the primary driver of its overall score, supported by efficient cash flow management and robust profit margins. The technical analysis presents mixed signals, with some short-term weakness but potential bullish momentum. The valuation is fair, contributing to a moderate overall score.

Positive Factors

Recurring revenue model

Ingenia’s core land‑lease model generates recurring site fees from residents (often downsizers and seniors). That steady, contract‑like cash flow supports predictable operating income, underpins financing capacity and cushions cyclical swings over multi‑quarter horizons.

High margins and strong revenue growth

Robust margins and a large recent revenue uplift indicate efficient operations and pricing power across residential and holiday segments. High profitability provides durable internal funding for development, maintenance and strategic expansion without eroding core returns.

Strong cash generation

Near‑par conversion of net income to free cash flow and positive OCF coverage signal solid cash conversion. This durable cash generation supports reinvestment into communities, funds settlements and gives flexibility to manage leverage or pursue accretive projects.

Negative Factors

Moderate leverage

A 0.55 debt/equity indicates moderate leverage that preserves balance sheet stability but still exposes the company to interest and refinancing risk. It can constrain ability to pursue large acquisitions or rapid expansion without increasing financial risk over coming quarters.

Development execution reliance

A material portion of earnings depends on delivering and settling new homes/sites. That ties near‑term profitability to construction timelines, supply chain and sales cadence, creating execution and timing risk that can affect revenue recognition and margins across reporting periods.

Holiday park seasonality

The holiday parks business is exposed to tourism cycles and seasonality, which can produce recurring but variable cash flows. This structural exposure increases revenue and operating income volatility versus pure residential assets and requires active yield management.

Ingenia Communities Group Business Overview & Revenue Model

Company Description

Ingenia is an S&P/ASX 200 entity and listed on the Australian Securities Exchange under the stock market trading code 'INA'. With a positive impact on more than 10,850 residents each and every day, our commitment to all stakeholders is to perform with integrity, foster respect for all and build community through continuous improvement in everything we do. In addition to the Group's on balance sheet portfolio of 99 communities, Ingenia's portfolio includes: five greenfield lifestyle community developments owned through a development Joint Venture with Sun Communities, Inc (NYSE: SUI); and six established communities through the Group's managed funds. In addition to ownership interests in the JV and funds, Ingenia receives fees for services provided to these entities. The Group is supported by over 4,000 investors and more than 1,200 employees dedicated to creating community for our residents and guests.

How the Company Makes Money

Ingenia Communities generates revenue through several key streams. The primary source of income comes from the sale and leasing of residential properties within its communities, including land lease agreements where residents pay a weekly site fee for the land on which their homes are located. Additionally, the company earns income from the sale of manufactured homes and other residential units. Ingenia also benefits from ancillary services such as community facilities and amenities, which enhance the living experience for residents and can contribute to additional fees. Strategic partnerships with developers, local governments, and financial institutions further bolster its revenue potential, while ongoing management fees from its established communities provide a consistent income stream.

Ingenia Communities Group Financial Statement Overview

Summary

Ingenia Communities Group exhibits strong financial health with impressive revenue and profit growth, efficient cash flow management, and a balanced approach to leveraging. The company maintains healthy profit margins and strong cash generation, contributing to a high financial performance score.

Income Statement

Ingenia Communities Group has demonstrated strong revenue growth, with a notable increase of 39.3% in the latest year. The company maintains healthy profit margins, with a gross profit margin of 62.5% and a net profit margin of 24.3%. The EBIT and EBITDA margins are also robust at 30.9% and 31.8%, respectively. These figures indicate efficient operations and profitability, contributing to a high score.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.55, indicating a balanced approach to leveraging. The return on equity is 8.0%, reflecting decent profitability relative to shareholder equity. The equity ratio stands at 58.5%, suggesting a solid equity base. While the company is stable, there is room for improvement in leveraging and returns.

Cash Flow

Ingenia Communities Group has shown a significant improvement in free cash flow growth at 10.8%. The operating cash flow to net income ratio is 1.16, indicating strong cash generation relative to net income. The free cash flow to net income ratio is high at 96.9%, demonstrating efficient cash flow management. These factors contribute to a strong cash flow position.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	529.39M	529.39M	466.33M	395.95M	338.18M	295.59M
Gross Profit	331.13M	331.13M	287.05M	254.10M	212.57M	175.95M
EBITDA	168.57M	168.57M	77.48M	109.44M	81.39M	94.79M
Net Income	128.43M	128.43M	14.02M	64.37M	100.59M	72.78M
Balance Sheet
Total Assets	2.73B	2.73B	2.48B	2.38B	2.18B	1.37B
Cash, Cash Equivalents and Short-Term Investments	13.37M	13.37M	14.46M	45.72M	14.49M	18.80M
Total Debt	879.04M	879.04M	754.15M	661.67M	495.60M	274.33M
Total Liabilities	1.13B	1.13B	965.17M	841.34M	668.46M	377.24M
Stockholders Equity	1.60B	1.60B	1.51B	1.54B	1.51B	993.03M
Cash Flow
Free Cash Flow	140.71M	140.71M	77.58M	78.09M	112.18M	132.95M
Operating Cash Flow	145.24M	145.24M	82.19M	82.50M	114.90M	137.65M
Investing Cash Flow	-215.78M	-215.78M	-148.14M	-168.05M	-731.71M	-275.63M
Financing Cash Flow	69.45M	69.45M	34.69M	116.79M	612.50M	146.03M

Ingenia Communities Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:INA, the sentiment is Negative. The current price of 5.05 is above the 20-day moving average (MA) of 5.02, below the 50-day MA of 5.08, and below the 200-day MA of 5.43, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 26.87 is Positive, neither overbought nor oversold. The STOCH value of 9.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:INA.

Ingenia Communities Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HMC	79 Outperform	AU$1.73B	11.48	10.22%	3.17%	206.14%	101.96%
INA	72 Outperform	AU$1.93B	15.23	8.27%	1.81%	6.96%	815.99%
APZ	71 Outperform	AU$1.19B	18.41	11.76%	1.83%	17.91%	6.19%
CIP	70 Outperform	AU$2.03B	15.46	5.38%	4.85%	4.39%	176.52%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
LIC	46 Neutral	AU$675.89M	-3.46	-26.73%	―	-38.91%	-453.73%
URF	40 Underperform	AU$199.65M	-9.29	-5.60%	2.62%	-35.85%	35.27%

Ingenia Communities Group Corporate Events

Ingenia Communities Cancels 35,784 Performance Rights in Capital Restructure Update

Ingenia Communities Group has notified the market of the cessation of 35,784 performance rights, recorded under ASX security code INAAB, effective 31 December 2025. The termination of these securities, disclosed via an Appendix 3H filing, reflects a change in the group’s issued capital structure and may indicate adjustments to its executive or employee incentive arrangements, with flow-on implications for equity-based remuneration and dilution for existing securityholders.

The most recent analyst rating on (AU:INA) stock is a Hold with a A$6.28 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Ingenia Communities Announces Director Interest Changes

Ingenia Communities Group has announced changes in the interests of its directors, specifically for Mr. Simon Shakesheff and Ms. Jennifer Fagg. These changes are part of the company’s compliance with ASX listing rules, reflecting updates in the directors’ securities holdings, which could impact the company’s governance and stakeholder relations.

The most recent analyst rating on (AU:INA) stock is a Hold with a A$6.28 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Ingenia Communities Group Appoints Toby Hall as Non-Executive Director

Ingenia Communities Group has appointed Mr. Toby Hall as an independent Non-Executive Director, effective December 1, 2025. Mr. Hall brings a wealth of experience from executive leadership roles in the healthcare and for-purpose sectors, including his previous positions as Group CEO of St Vincent’s Health Australia and CEO of Mission Australia. His appointment is part of Ingenia’s strategic focus on board evolution and enhancing its customer-centric approach, particularly in addressing the housing needs of Australia’s ageing demographic. This move is expected to strengthen Ingenia’s operations and industry positioning, benefiting stakeholders by aligning with the company’s strategic goals.

The most recent analyst rating on (AU:INA) stock is a Hold with a A$6.28 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Ingenia Communities Group Announces Director’s Interest Change

Ingenia Communities Group announced a change in the director’s interest, specifically involving John Carfi’s indirect interest in securities. The change includes the acquisition of 215,491 Long Term Incentive Plan Rights, increasing his total to 685,455 LTIP Rights. This adjustment reflects the company’s ongoing commitment to aligning management interests with long-term performance goals, potentially impacting stakeholder confidence and market perception.

The most recent analyst rating on (AU:INA) stock is a Sell with a A$4.14 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Ingenia Communities Group Issues New Performance Rights

Ingenia Communities Group has announced the issuance of 215,491 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of Ingenia’s strategy to align employee interests with company performance, potentially impacting its operational efficiency and stakeholder engagement positively.

The most recent analyst rating on (AU:INA) stock is a Sell with a A$4.14 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Ingenia Communities Group AGM Results Indicate Strong Shareholder Support

Ingenia Communities Group held its Annual General Meeting where all proposed resolutions were passed by poll, reflecting strong shareholder support. The outcomes of the AGM, including the adoption of the remuneration report and the election and re-election of board members, are indicative of the company’s stable governance and investor confidence, which may positively influence its market position and stakeholder relations.

The most recent analyst rating on (AU:INA) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Ingenia Communities Group Reports Strong Growth and Strategic Progress at 2025 AGM

At the 2025 Annual General Meeting, Ingenia Communities Group highlighted a transformative year guided by a Five-Year Plan, focusing on operational efficiency and strategic development. The company reported significant financial growth with a 33% increase in underlying EPS and a 22% rise in EBIT, driven by a robust performance in its Land Lease, Gardens, Rentals, and Holidays segments. Ingenia’s strategic reset and sustainability initiatives have fostered a customer-centric culture and improved employee engagement, positioning the company for continued success in its core markets.

The most recent analyst rating on (AU:INA) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.

Macquarie Group Ceases Substantial Holding in Ingenia Communities

Ingenia Communities Group has announced that Macquarie Group Limited and its controlled entities have ceased to be substantial holders in the company. This change in substantial holding could impact Ingenia’s shareholder structure and influence its market dynamics, potentially affecting investor sentiment and strategic decisions.

The most recent analyst rating on (AU:INA) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Ingenia Communities Group stock, see the AU:INA Stock Forecast page.