Inghams Group Ltd. (AU:ING)
ASX:ING
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Inghams Group Ltd.
(Sydney:ING)
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Rating:60Neutral
Price Target:
AU$2.00
▼(-1.48% Downside)
Action:DowngradedDate:10/02/25
The overall stock score for Inghams Group Ltd. is primarily influenced by its mixed financial performance and bearish technical indicators. While the company shows strong cash flow management and attractive valuation metrics, the declining revenue, high leverage, and negative market momentum weigh heavily on the score.
Positive Factors
Vertical integration
Control across breeding, feed, processing and distribution is a durable competitive advantage. It secures supply, enforces biosecurity, captures margin across the value chain and reduces outsourcing risk, supporting margin resilience and customer reliability over multiple market cycles.
Negative Factors
High leverage
Very high leverage materially increases financial risk and interest expense sensitivity. It constrains strategic flexibility, raises refinancing and covenant risk during shocks (disease outbreaks, feed-cost spikes), and can force prioritization of debt service over growth or capex.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Control across breeding, feed, processing and distribution is a durable competitive advantage. It secures supply, enforces biosecurity, captures margin across the value chain and reduces outsourcing risk, supporting margin resilience and customer reliability over multiple market cycles.
Read all positive factors
Inghams Group Ltd. (ING) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$753.49M
Dividend Yield7.63%
Average Volume (3M)2.53M
Price to Earnings (P/E)12.8
Beta (1Y)0.54
Revenue Growth-3.36%
EPS Growth-11.53%
CountryAU
Employees8,000
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.05
Shares Outstanding371,679,630
10 Day Avg. Volume2,748,784
30 Day Avg. Volume2,532,292
Financial Highlights & Ratios
PEG Ratio-1.33
Price to Book (P/B)4.80
Price to Sales (P/S)0.42
P/FCF Ratio6.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.42Price Target Upside19.00% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$3.14B
Inghams Group Ltd. Business Overview & Revenue Model
Company Description
Inghams Group Limited, together with its subsidiaries, produces and sells chicken and turkey products in Australia and New Zealand. The company provides fresh, fresh with flavor, frozen, gluten free, and ready to cook chicken and turkey products u...
How the Company Makes Money
Inghams makes money primarily by producing and selling poultry products (mainly chicken, and also turkey) to customers in Australia and New Zealand. Its revenue model is volume- and price-driven: it earns sales revenue from supplying fresh and fro...
Inghams Group Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.15B | 3.15B | 3.26B | 3.04B | 2.71B | 2.67B |
| Gross Profit | 547.10M | 581.70M | 620.90M | 511.30M | 405.50M | 486.80M |
| EBITDA | 280.00M | 280.70M | 232.00M | 420.90M | 370.20M | 447.00M |
| Net Income | 56.40M | 89.80M | 101.50M | 60.40M | 35.10M | 83.30M |
Balance Sheet | ||||||
| Total Assets | 2.26B | 2.36B | 2.40B | 2.57B | 2.54B | 2.54B |
| Cash, Cash Equivalents and Short-Term Investments | 71.30M | 106.40M | 110.70M | 136.30M | 131.60M | 158.10M |
| Total Debt | 2.28B | 1.56B | 1.60B | 1.90B | 1.94B | 1.94B |
| Total Liabilities | 2.01B | 2.09B | 2.18B | 2.37B | 2.38B | 2.38B |
| Stockholders Equity | 255.20M | 277.00M | 219.60M | 201.80M | 158.20M | 163.60M |
Cash Flow | ||||||
| Free Cash Flow | 148.90M | 212.00M | 256.80M | 259.70M | 267.60M | 360.90M |
| Operating Cash Flow | 265.40M | 319.30M | 418.50M | 331.60M | 329.50M | 427.20M |
| Investing Cash Flow | -112.80M | -134.70M | -164.10M | -68.40M | -58.10M | -55.60M |
| Financing Cash Flow | -249.30M | -189.50M | -279.70M | -258.70M | -309.80M | -347.60M |
Inghams Group Ltd. Technical Analysis
Negative
2.03
Price Trends
2.12
Negative
2.28
Negative
2.57
Negative
Market Momentum
-0.03
Negative
57.49
Neutral
92.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ING, the sentiment is Negative. The current price of 2.03 is above the 20-day moving average (MA) of 1.89, below the 50-day MA of 2.12, and below the 200-day MA of 2.57, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 57.49 is Neutral, neither overbought nor oversold. The STOCH value of 92.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ING.
Inghams Group Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$54.24M | 1.39 | 28.29% | ― | 2.63% | ― | |
64 Neutral | AU$923.37M | 8.02 | 11.83% | 4.07% | -2.82% | 12.29% | |
63 Neutral | AU$1.47B | 49.57 | 2.74% | 6.42% | 12.27% | -35.60% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | AU$753.49M | 12.78 | 21.20% | 7.63% | -3.36% | -11.53% | |
49 Neutral | AU$810.38M | 2.69 | 3.62% | ― | 16.63% | 66.67% | |
49 Neutral | AU$1.62B | 27.37 | 5.24% | 5.16% | 2.25% | -2.41% |
* Consumer Defensive Sector Average
AU:ING
Inghams Group Ltd.
2.03
-0.97
-32.38%
AU:AAC
Australian Agricultural Company
1.35
-0.04
-3.24%
AU:ELD
Elders Limited
7.57
1.99
35.61%
AU:GNC
Graincorp Limited Class A
6.65
0.55
8.94%
AU:FRM
Farm Pride Foods Limited
0.24
0.03
17.50%
AU:SGLLV
Ricegrowers Ltd. Class B
13.51
3.17
30.70%
Inghams Group Ltd. Corporate Events
Inghams Issues 425,233 Unquoted Performance Rights Under Incentive Scheme
Apr 1, 2026
Inghams Group Limited has issued 425,233 unquoted performance rights under its employee incentive scheme, with an issue date of March 31, 2026. The move highlights the company’s continued use of equity-based remuneration to align employees a...
Inghams Reports Lapse of 598,783 Performance Rights
Apr 1, 2026
Inghams Group Limited has notified the market that 598,783 performance rights, trading under the ASX code INGAA, have lapsed as of 31 March 2026. The lapse occurred because the conditions attached to these conditional rights were not met or became...
UBS Exits Substantial Holder Position in Inghams Group
Feb 27, 2026
UBS Group AG and its related entities have notified Inghams Group Ltd that they have ceased to be a substantial shareholder in the company as of 25 February 2026. The change, formally recorded in a substantial holder notice, indicates UBS’s ...
Inghams adjusts dividend timetable after public holiday clash
Feb 20, 2026
Inghams Group Limited has updated its dividend notification for ordinary fully paid shares, covering the six‑month period ended 27 December 2025. The dividend is tied to this reporting period, with an ex‑dividend date set for 12 March ...
Inghams Releases FY26 Interim Financial Results Overview
Feb 19, 2026
Inghams Group Limited has released its FY26 interim financial results presentation dated 20 February 2026, providing a high-level update on the group’s activities and performance. The document emphasises that the information is a summary onl...
Inghams Cuts FY26 Guidance as Cost Pressures Hit First-Half Profit
Feb 19, 2026
Inghams reported first-half FY26 earnings broadly in line with earlier guidance but sharply lower than a year ago, as underlying EBITDA pre AASB 16 fell 35% and net profit dropped nearly 65% amid higher costs tied to excess inventory, supply chain...
Inghams Profit Slumps Despite Steady Revenue as Board Maintains Dividends
Feb 19, 2026
Inghams Group Limited reported flat revenue of $1.61 billion for the half year to 27 December 2025, while net profit attributable to members fell 64.9% to $18.1 million compared with the prior corresponding period. The board has determined a fully...
Mitsubishi UFJ Exits Substantial Holder Position in Inghams Group
Jan 27, 2026
Mitsubishi UFJ Financial Group, Inc. has lodged a notice with the market regulator indicating it has ceased to be a substantial holder in Inghams Group Limited, the Australian poultry producer. The filing details a series of transactions, largely ...
First Sentier Investors Exits Substantial Holder Position in Inghams Group
Jan 23, 2026
First Sentier Investors, together with its related bodies corporate and associates under the broader Mitsubishi UFJ Financial Group umbrella, has lodged a notice stating it has ceased to be a substantial shareholder in Inghams Group Ltd as of 21 J...
Inghams Reschedules Half-Year Results Webcast to Avoid Market Clash
Jan 21, 2026
Inghams Group Limited has adjusted the timing of its upcoming 2026 interim financial results webcast, moving the investor briefing to 11:00am AEDT on 20 February 2026. The rescheduling is designed to avoid a clash with another company’s resu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.