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Inghams Group Ltd.
(Sydney:ING)
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Rating:59Neutral
Price Target:
AU$2.50
▲(25.63% 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
Owning and coordinating farming through processing gives durable control of quality, supply reliability and margin capture across the chain. That structural advantage supports long-term contracts with supermarkets and QSRs, improves cost pass-through and reduces supplier dependence.
Negative Factors
Revenue decline
A multi-percent revenue decline signals weakening top-line scale that can erode bargaining power with large retail and QSR customers over time. Sustained revenue pressure reduces absolute margin dollars and constrains the ability to invest in growth or offset cost inflation.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Owning and coordinating farming through processing gives durable control of quality, supply reliability and margin capture across the chain. That structural advantage supports long-term contracts with supermarkets and QSRs, improves cost pass-through and reduces supplier dependence.
Read all positive factors
Inghams Group Ltd. (ING) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$801.74M
Dividend Yield7.63%
Average Volume (3M)2.53M
Price to Earnings (P/E)14.5
Beta (1Y)0.47
Revenue Growth-2.47%
EPS Growth-37.04%
CountryAU
Employees8,200
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)0.2
Revenue Forecast (FY)AU$3.29B
Inghams Group Ltd. Business Overview & Revenue Model
Company Description
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 ...
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
Positive
1.99
Price Trends
2.01
Positive
1.98
Positive
2.21
Negative
Market Momentum
0.03
Negative
61.75
Neutral
80.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ING, the sentiment is Positive. The current price of 1.99 is below the 20-day moving average (MA) of 2.06, below the 50-day MA of 2.01, and below the 200-day MA of 2.21, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 80.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$932.94M | 13.52 | 11.83% | 4.07% | -2.43% | -0.05% | |
65 Neutral | AU$1.20B | 20.09 | 4.83% | 5.16% | 11.05% | -30.84% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | AU$1.10B | -77.22 | -0.99% | 6.42% | -1.68% | -119.86% | |
59 Neutral | AU$801.74M | 14.49 | 21.20% | 7.63% | -2.47% | -37.04% | |
55 Neutral | AU$807.36M | 7.44 | 6.29% | ― | 8.81% | ― | |
46 Neutral | AU$39.66M | -84.21 | -0.43% | ― | 20.12% | ― |
* Consumer Defensive Sector Average
AU:ING
Inghams Group Ltd.
2.15
-1.26
-36.97%
AU:AAC
Australian Agricultural Company
1.34
-0.08
-5.65%
AU:ELD
Elders Limited
5.56
-0.50
-8.28%
AU:GNC
Graincorp Limited Class A
4.91
-2.12
-30.18%
AU:SGLLV
Ricegrowers Ltd. Class B
13.67
3.61
35.82%
AU:MCA
Murray Cod Australia Limited
0.16
-0.69
-81.13%
Inghams Group Ltd. Corporate Events
Inghams Issues New Unquoted Performance Rights Under Incentive Plan
Jul 2, 2026
Inghams Group Ltd. is an ASX-listed participant in the food industry, trading under the code ING and using unquoted performance rights within employee incentive schemes to align staff rewards with business outcomes.The company has disclosed the is...
Inghams Reports Lapse of 117,613 Performance Rights
Jul 2, 2026
Inghams Group Limited has notified the market that 117,613 performance rights on issue under ASX code INGAA have lapsed after the relevant vesting conditions were not met or became incapable of being satisfied, effective 30 June 2026.The cessation...
Inghams Sets Date for FY26 Results and Details CFO Transition
Jun 28, 2026
Inghams Group Limited has scheduled the release of its financial results for the 2026 financial year on 21 August 2026, reflecting its regular reporting cycle as a listed company. The results will be presented via a live webcast led by Chief Execu...
Inghams Tightens Biosecurity After H5N1 Found in Wild Birds in Western Australia
Jun 21, 2026
Inghams Group Limited has responded to the detection of the H5N1 avian influenza strain in two wild birds in Western Australia, stressing that there has been no detection in commercial poultry or within its own operations and supply chain. The com...
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...
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.