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Ingredion Incorporated

Consumer Defensive US INGR

135.48USD
-0.26(0.19%)

Last update at 2024-09-11T00:10:00Z

Day Range

134.94137.21
LowHigh

52 Week Range

89.54111.80
LowHigh

Fundamentals

  • Previous Close 135.74
  • Market Cap6950.82M
  • Volume318888
  • P/E Ratio11.42
  • Dividend Yield2.93%
  • EBITDA1135.00M
  • Revenue TTM8226.00M
  • Revenue Per Share TTM124.68
  • Gross Profit TTM 1494.00M
  • Diluted EPS TTM9.34

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 668.00M 248.00M 506.00M 582.00M 621.00M
Minority interest -10.00000M -8.00000M 6.00M 11.00M 11.00M
Net income 492.00M 117.00M 348.00M 413.00M 443.00M
Selling general administrative - - - 611.00M 607.00M
Selling and marketing expenses - - - - -
Gross profit 1494.00M 1331.00M 1272.00M 1312.00M 1368.00M
Reconciled depreciation 215.00M 220.00M 213.00M 220.00M 247.00M
Ebit 762.00M 709.00M 582.00M 664.00M 771.00M
Ebitda 986.00M 929.00M 893.00M 940.00M 1018.00M
Depreciation and amortization 224.00M 220.00M 311.00M 276.00M 247.00M
Non operating income net other 5.00M 12.00M 5.00M -1.00000M 4.00M
Operating income 762.00M 709.00M 582.00M 664.00M 703.00M
Other operating expenses 7180.00M 6197.00M 5343.00M 5488.00M 5522.00M
Interest expense 99.00M 74.00M 81.00M 81.00M 86.00M
Tax provision 166.00M 123.00M 152.00M 158.00M 167.00M
Interest income - - 6.00M 7.00M 9.00M
Net interest income -99.00000M -74.00000M -81.00000M -77.00000M -72.00000M
Extraordinary items - - - - -3.00000M
Non recurring 4.00M 387.00M 93.00M 57.00M 64.00M
Other items - - - - -
Income tax expense 166.00M 123.00M 152.00M 158.00M 167.00M
Total revenue 7946.00M 6894.00M 5987.00M 6209.00M 6289.00M
Total operating expenses 728.00M 634.00M 628.00M 591.00M 601.00M
Cost of revenue 6452.00M 5563.00M 4715.00M 4897.00M 4921.00M
Total other income expense net -94.00000M -461.00000M -76.00000M -82.00000M -60.00000M
Discontinued operations - - - - -
Net income from continuing ops 502.00M 125.00M 354.00M 424.00M 454.00M
Net income applicable to common shares 492.00M 117.00M 348.00M 413.00M 443.00M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 7561.00M 6999.00M 6858.00M 6040.00M 5728.00M
Intangible assets 401.00M 1348.00M 444.00M 437.00M 460.00M
Earning assets - - - - -
Other current assets 62.00M 63.00M 54.00M 54.00M 29.00M
Total liab 4299.00M 3774.00M 3786.00M 3299.00M 3320.00M
Total stockholder equity 3195.00M 3136.00M 2981.00M 2720.00M 2388.00M
Deferred long term liab - - 217.00M 195.00M 189.00M
Other current liab 466.00M 430.00M 421.00M 381.00M 325.00M
Common stock 1.00M 1.00M 1.00M 1.00M 1.00M
Capital stock 1.00M 1.00M 1.00M 1.00M 1.00M
Retained earnings 4210.00M 3899.00M 3957.00M 3780.00M 3536.00M
Other liab 379.00M 560.00M 474.00M 446.00M 443.00M
Good will 900.00M 914.00M 902.00M 801.00M 791.00M
Other assets 544.00M 531.00M 410.00M 184.00M 141.00M
Cash 236.00M 328.00M 665.00M 264.00M 327.00M
Cash and equivalents - - - - -
Total current liabilities 1882.00M 1512.00M 1078.00M 967.00M 946.00M
Current deferred revenue - - 23.00M - -
Net debt 2247.00M 1718.00M 1657.00M 1704.00M 1773.00M
Short term debt 543.00M 308.00M 58.00M 82.00M 169.00M
Short long term debt 543.00M 308.00M 58.00M 82.00M 169.00M
Short long term debt total 2483.00M 2046.00M 2322.00M 1968.00M 2100.00M
Other stockholder equity 32.00M 133.00M 156.00M 97.00M 5.00M
Property plant equipment 2407.00M 2423.00M 2455.00M 2306.00M 2198.00M
Total current assets 3309.00M 2697.00M 2647.00M 2160.00M 2138.00M
Long term investments - - - 1.00M 2.00M
Net tangible assets 1945.00M 1752.00M 1705.00M 1633.00M 1174.00M
Short term investments 3.00M 4.00M 0.00000M 4.00M 7.00M
Net receivables 1411.00M 1130.00M 1011.00M 977.00M 951.00M
Long term debt 1940.00M 1738.00M 1748.00M 1766.00M 1931.00M
Inventory 1597.00M 1172.00M 917.00M 861.00M 824.00M
Accounts payable 873.00M 774.00M 599.00M 504.00M 452.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 16.00M 18.00M 21.00M 21.00M 20.00M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -1048.00000M -897.00000M -1133.00000M -1158.00000M -1154.00000M
Additional paid in capital - - - - -
Common stock total equity 1.00M 1.00M 1.00M 1.00M 1.00M
Preferred stock total equity - - - - -
Retained earnings total equity 4210.00M 3899.00M 3957.00M 3780.00M 3536.00M
Treasury stock - - - -1040.00000M -1091.00000M
Accumulated amortization - - - - -
Non currrent assets other 544.00M 531.00M 214.00M 172.00M 131.00M
Deferred long term asset charges - - - - 10.00M
Non current assets total 4252.00M 4302.00M 4211.00M 3880.00M 3590.00M
Capital lease obligations 194.00M 201.00M 136.00M 161.00M -
Long term debt total 1940.00M 1738.00M 1748.00M 1766.00M 1931.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -320.00000M -335.00000M -2.00000M -7.00000M -14.00000M
Change to liabilities 158.00M 226.00M 124.00M 51.00M -3.00000M
Total cashflows from investing activities -320.00000M -335.00000M -571.00000M -374.00000M -361.00000M
Net borrowings 433.00M -140.00000M 317.00M -256.00000M 249.00M
Total cash from financing activities 103.00M -373.00000M 143.00M -364.00000M -589.00000M
Change to operating activities -44.00000M -280.00000M 150.00M -1.00000M 5.00M
Net income 502.00M 125.00M 354.00M 424.00M 454.00M
Change in cash -92.00000M -337.00000M 401.00M -63.00000M -268.00000M
Begin period cash flow 328.00M 665.00M 264.00M 327.00M 595.00M
End period cash flow 236.00M 328.00M 665.00M 264.00M 327.00M
Total cash from operating activities 152.00M 392.00M 829.00M 680.00M 703.00M
Issuance of capital stock - - - 63.00M 1.00M
Depreciation 215.00M 220.00M 213.00M 220.00M 247.00M
Other cashflows from investing activities -20.00000M -13.00000M -229.00000M -39.00000M 3.00M
Dividends paid 181.00M 184.00M 178.00M 174.00M 182.00M
Change to inventory -468.00000M -312.00000M -14.00000M -43.00000M -50.00000M
Change to account receivables -310.00000M -162.00000M -3.00000M -61.00000M -70.00000M
Sale purchase of stock -103.00000M -49.00000M - 63.00M -656.00000M
Other cashflows from financing activities 919.00M 1501.00M 1545.00M 1149.00M 986.00M
Change to netincome 44.00M 335.00M 58.00M 33.00M 63.00M
Capital expenditures 300.00M 300.00M 333.00M 328.00M 349.00M
Change receivables -310.00000M -162.00000M -3.00000M -61.00000M -70.00000M
Cash flows other operating 11.00M 23.00M 97.00M 56.00M 62.00M
Exchange rate changes - - - - -
Cash and cash equivalents changes -65.00000M -316.00000M 401.00M -58.00000M -247.00000M
Change in working capital -664.00000M -280.00000M 150.00M -54.00000M -118.00000M
Stock based compensation - 340.00M 4.00M 3.00M 1.00M
Other non cash items 102.00M 48.00M 115.00M 84.00M 142.00M
Free cash flow -148.00000M 92.00M 496.00M 352.00M 354.00M

Peer Comparison

Sector: Consumer Defensive Industry: Packaged Foods

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
INGR
Ingredion Incorporated
-0.26 0.19% 135.48 11.42 10.92 0.84 2.04 1.10 7.99
NSRGF
Nestle SA
0.58 0.56% 104.29 26.86 18.76 3.13 7.10 3.81 21.70
NSRGY
Nestle SA ADR
1.04 1.00% 104.63 26.82 18.66 3.18 7.07 3.81 21.70
KHC
Kraft Heinz Co
-0.53 1.47% 35.52 15.59 11.79 1.64 0.88 2.34 11.32
DANOY
Danone PK
0.04 0.28% 14.52 28.42 16.39 1.44 2.23 1.85 12.41

Reports Covered

Stock Research & News

Profile

Ingredion Incorporated, together with its subsidiaries, produces and sells sweeteners, starches, nutrition ingredients, and biomaterial solutions derived from wet milling and processing corn, and other starch-based materials to a range of industries in North America, South America, the Asia Pacific, Europe, the Middle East, and Africa. The company offers starch products for use in a range of processed foods; cornstarch; specialty paper starches for enhanced drainage, fiber retention, oil and grease resistance, improved printability, and biochemical oxygen demand control; starches and specialty starches for textile industry; industrial starches are used in the production of construction materials, textiles, adhesives, pharmaceuticals, and cosmetics, as well as in mining and water filtration; and specialty industrial starches for use in biomaterial applications, including biodegradable plastics, fabric softeners and detergents, hair and skin care applications, dusting powders for surgical gloves, and in the production of glass fiber and insulation. It also provides sweetener products comprising glucose syrups, high maltose syrup, high fructose corn syrup, dextrose, polyols, maltodextrin, glucose syrup solids, and non-genetically modified organism syrups for use in food and beverage products, such as baked goods, snack foods, canned fruits, condiments, candy and other sweets, dairy products, ice cream, jams and jellies, prepared mixes, table syrups, soft drinks, fruit-flavored drinks, and others. In addition, the company refined corn oil, corn gluten feed, and corn gluten meal; and other products, including fruit and vegetable products, such as concentrates, purees, and essences, as well as pulse proteins and hydrocolloids systems and blends. The company was formerly known as Corn Products International, Inc. and changed its name to Ingredion Incorporated in June 2012. Ingredion Incorporated was founded in 1906 and is headquartered in Westchester, Illinois.

Ingredion Incorporated

5 Westbrook Corporate Center, Westchester, IL, United States, 60154

Key Executives

Name Title Year Born
Mr. James P. Zallie Pres, CEO & Director 1961
Mr. James Derek Gray Exec. VP & CFO 1967
Mr. Eric Seip Sr. VP of Global Operations & Chief Supply Chain Officer 1968
Mr. Jorgen Kokke Exec. VP & Pres of Americas 1969
Mr. Jinghuai Xu Sr. VP & Chief Innovation Officer 1968
Ms. Davida M. Gable VP of Global Shared Services, Controller & Principal Accounting Officer 1968
Jason Payant VP of Corp. Fin. & Interim VP of Investor Relations NA
Ms. Tanya Jaeger de Foras Sr. VP, Chief Legal Officer, Corp. Sec. & Chief Compliance Officer NA
Ms. Nancy Wolfe Sr. VP & Chief HR Officer NA
Mr. Pierre Perez Y. Landazuri Sr. VP of Corp. Strategy & Specialties and Pres of EMEA 1969

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