Inghams Group Ltd. (AU:ING)
ASX:ING
Want to see AU:ING full AI Analyst Report?
Top Page
Inghams Group Ltd.
(Sydney:ING)
Select Model
Select Model
Rating:59Neutral
Price Target:
AU$2.00
▲(0.50% Upside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by mixed financial performance—stable margins and strong ROE, but pressured by declining revenue, high leverage, and falling free cash flow. Valuation is a positive contributor due to the moderate P/E and high dividend yield, while technical indicators are weak with negative momentum and longer-term downtrend signals.
Positive Factors
Vertical integration and customer reach
Vertical integration across breeding, growing, processing and further-processed products gives lasting control over supply, quality and costs. This structural advantage supports reliable fulfilment for supermarkets and QSRs, preserves margins and reduces dependency on third-party suppliers over months.
Negative Factors
Declining revenue trend
A negative revenue trend (-2.44%) reduces scale benefits and absolute profitability. If sustained, falling top-line volumes can erode fixed-cost absorption in processing, weaken bargaining power with large customers, and constrain capacity to invest in higher‑margin product expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration and customer reach
Vertical integration across breeding, growing, processing and further-processed products gives lasting control over supply, quality and costs. This structural advantage supports reliable fulfilment for supermarkets and QSRs, preserves margins and reduces dependency on third-party suppliers over months.
Read all positive factors
Inghams Group Ltd. (ING) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$742.35M
Dividend Yield7.63%
Average Volume (3M)2.53M
Price to Earnings (P/E)13.1
Beta (1Y)0.44
Revenue Growth-2.47%
EPS Growth-37.04%
CountryAU
Employees8,000
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)0.15
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$2.20Price Target Upside10.55% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$3.20B
Inghams Group Ltd. Business Overview & Revenue Model
Company Description
Inghams Group Limited functions as a significant poultry enterprise across Australia and New Zealand. The company focuses on manufacturing and distributing a wide array of chicken and turkey goods, all marketed under its prominent Ingham's label. ...
How the Company Makes Money
Inghams makes money primarily by selling poultry products (mainly chicken, and also turkey) to large commercial customers under supply arrangements. Its key revenue streams come from (1) retail sales to supermarkets (branded and private-label poul...
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
1.99
Price Trends
1.98
Positive
2.04
Negative
2.24
Negative
Market Momentum
0.03
Positive
45.64
Neutral
53.15
Neutral
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 1.99 is below the 20-day moving average (MA) of 2.06, above the 50-day MA of 1.98, and below the 200-day MA of 2.24, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 45.64 is Neutral, neither overbought nor oversold. The STOCH value of 53.15 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$1.10B | 18.61 | 4.83% | 5.16% | 11.05% | -30.84% | |
64 Neutral | AU$945.24M | 12.73 | 11.83% | 4.07% | -2.82% | 12.29% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | AU$1.12B | -80.32 | -0.99% | 6.42% | -1.68% | -119.86% | |
59 Neutral | AU$742.35M | 13.11 | 21.20% | 7.63% | -2.47% | -37.04% | |
55 Neutral | AU$783.26M | 7.27 | 6.29% | ― | 8.81% | ― | |
44 Neutral | AU$35.94M | -76.32 | -0.43% | ― | 20.12% | ― |
* Consumer Defensive Sector Average
AU:ING
Inghams Group Ltd.
2.00
-1.40
-41.19%
AU:AAC
Australian Agricultural Company
1.30
-0.09
-6.81%
AU:ELD
Elders Limited
5.15
-0.78
-13.15%
AU:GNC
Graincorp Limited Class A
5.07
-2.28
-30.99%
AU:SGLLV
Ricegrowers Ltd. Class B
13.83
3.54
34.40%
AU:MCA
Murray Cod Australia Limited
0.15
-0.61
-80.67%
Inghams Group Ltd. Corporate Events
Inghams Director Timothy Longstaff Increases Indirect Shareholding
Jun 3, 2026
Inghams Group Limited has reported a change in the shareholding of non-executive director Timothy Longstaff, who increased his indirect interest in the company through a purchase of additional ordinary shares. The shares are held via the TJE PLN ...
Inghams Adds Veteran Meat Industry Executive Pat McEntee to Board
May 31, 2026
Inghams Group Limited has appointed Patrick (Pat) McEntee as a non-executive director, effective 1 June 2026, adding a seasoned food sector and agribusiness executive to its board. McEntee brings more than three decades of experience from Woolwort...
Inghams Director Michael Ihlein Increases Indirect Shareholding
May 28, 2026
Inghams Group Limited has disclosed a change in the relevant interests of director Michael Ihlein, who holds an indirect interest in the company through Krol Pty Limited as trustee for the Ihlein Family Superannuation Fund. The filing notes that I...
Inghams Director Helen Nash Increases Indirect Shareholding
May 28, 2026
Inghams Group has reported a change in director Helen Nash’s indirect shareholding in the company. Through Andrew Street Nominees Pty Ltd as trustee for the Nash Family Superannuation Fund, Nash acquired 38,071 ordinary shares in an on-marke...
Inghams Schedules Investor Day and Issues Trading Update
May 10, 2026
Inghams Group Limited has scheduled an Investor Day presentation on 11 May 2026, providing investors and analysts access via webcast and telephone, with a recording to be posted on its investor relations website. In conjunction with this event, th...
Inghams appoints new CFO to drive next growth phase as veteran finance chief departs
May 3, 2026
Inghams Group Limited has appointed Grant Douglas as its new Chief Financial Officer, effective October 2026, following an external search for a candidate with deep experience in operational performance, capital allocation, and capital markets. Do...
UBS Group AG Ceases to Be Substantial Holder in Inghams Group
Apr 30, 2026
UBS Group AG and its related entities have notified Inghams Group Ltd that they have ceased to be a substantial shareholder in the poultry producer as of 28 April 2026. The change in UBS’s relevant interest, detailed in regulatory filings, s...
Inghams Relocates Registered Office and Principal Place of Business
Apr 30, 2026
Inghams Group Limited has announced a change to its registered office and principal place of business, effective immediately. The company has relocated its main corporate base to Suite G.01, Building D, Talavera Corporate Centre on Talavera Road i...
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...
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.