Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Ingredion Incorporated (INGR)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$112.34 - $182.76$143.89
Multi-Stage$137.60 - $150.66$144.01
Blended Fair Value$143.95
Current Price$122.11
Upside17.88%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.83%5.08%3.192.952.752.802.582.652.772.512.141.92
YoY Growth--8.25%7.18%-1.63%8.24%-2.30%-4.40%10.30%17.02%11.90%-1.56%
Dividend Yield--2.36%2.52%2.71%3.21%2.87%3.50%2.94%1.95%1.78%1.79%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)659.00
(-) Cash Dividends Paid (M)211.00
(=) Cash Retained (M)448.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)131.8082.3849.43
Cash Retained (M)448.00448.00448.00
(-) Cash Required (M)-131.80-82.38-49.43
(=) Excess Retained (M)316.20365.63398.58
(/) Shares Outstanding (M)65.7865.7865.78
(=) Excess Retained per Share4.815.566.06
LTM Dividend per Share3.213.213.21
(+) Excess Retained per Share4.815.566.06
(=) Adjusted Dividend8.028.779.27
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate1.83%2.83%3.83%
Fair Value$112.34$143.89$182.76
Upside / Downside-8.00%17.83%49.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)659.00677.67696.86716.60736.90757.78780.51
Payout Ratio32.02%43.61%55.21%66.81%78.40%90.00%92.50%
Projected Dividends (M)211.00295.56384.74478.74577.76682.00721.97

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate1.83%2.83%3.83%
Year 1 PV (M)268.28270.91273.55
Year 2 PV (M)316.99323.25329.57
Year 3 PV (M)358.03368.68379.54
Year 4 PV (M)392.20407.83423.93
Year 5 PV (M)420.22441.26463.14
PV of Terminal Value (M)7,295.067,660.358,040.13
Equity Value (M)9,050.789,472.299,909.86
Shares Outstanding (M)65.7865.7865.78
Fair Value$137.60$144.01$150.66
Upside / Downside12.69%17.94%23.38%

High-Yield Dividend Screener

« Prev Page 16 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HWBKHawthorn Bancshares, Inc.2.27%$0.7724.18%
UTMDUtah Medical Products, Inc.2.27%$1.2835.35%
DKSDICK'S Sporting Goods, Inc.2.26%$4.5238.61%
EMLThe Eastern Company2.26%$0.4437.05%
SBCFSeacoast Banking Corporation of Florida2.26%$0.7143.09%
WMKWeis Markets, Inc.2.26%$1.4535.88%
0JYA.LMarathon Petroleum Corporation2.25%$3.7274.60%
FSBCFive Star Bancorp2.25%$0.8029.79%
IBMInternational Business Machines Corporation2.25%$6.5678.75%
0KYZ.LSBA Communications Corporation2.24%$4.3254.40%
BPOPPopular, Inc.2.24%$2.8224.06%
MFINMedallion Financial Corp.2.24%$0.2312.50%
MSMorgan Stanley2.24%$4.0740.12%
FXNCFirst National Corporation2.23%$0.5586.28%
BACBank of America Corporation2.22%$1.2431.97%
SSBSouthState Corporation2.22%$2.0930.58%
VLGEAVillage Super Market, Inc.2.22%$0.7720.42%
WWWWolverine World Wide, Inc.2.22%$0.4137.79%
CCBGCapital City Bank Group, Inc.2.21%$0.9326.22%
CGThe Carlyle Group Inc.2.20%$1.3476.25%
NHINational Health Investors, Inc.2.20%$1.6954.58%
VNOVornado Realty Trust2.20%$0.7315.58%
BANCBanc of California, Inc.2.19%$0.4332.44%
EBTCEnterprise Bancorp, Inc.2.19%$0.8726.66%
RHPRyman Hospitality Properties, Inc.2.19%$2.0957.31%
CDPCOPT Defense Properties2.18%$0.6045.15%
FDSFactSet Research Systems Inc.2.18%$6.2039.64%
ISBAIsabella Bank Corporation2.18%$1.1044.52%
WHWyndham Hotels & Resorts, Inc.2.18%$1.6437.28%
EFSCEnterprise Financial Services Corp2.17%$1.1722.34%
ETHGrayscale Ethereum Mini Trust2.17%$0.6434.57%
SEMSelect Medical Holdings Corporation2.17%$0.3236.19%
BFSTBusiness First Bancshares, Inc.2.16%$0.5620.21%
CWBCCommunity West Bancshares2.16%$0.4826.89%
EHTHeHealth, Inc.2.16%$0.095.60%
TPLTexas Pacific Land Corporation2.16%$6.4231.02%
CBSHCommerce Bancshares, Inc.2.15%$1.1226.40%
COLMColumbia Sportswear Company2.15%$1.2035.55%
HTHHilltop Holdings Inc.2.15%$0.7328.46%
NATHNathan's Famous, Inc.2.15%$1.9835.76%
RCKYRocky Brands, Inc.2.15%$0.6222.50%
BDXBecton, Dickinson and Company2.14%$4.1771.28%
CICigna Corporation2.14%$5.9626.01%
FBIZFirst Business Financial Services, Inc.2.14%$1.1518.19%
JBSSJohn B. Sanfilippo & Son, Inc.2.14%$1.4926.50%
JNPRJuniper Networks, Inc.2.14%$0.8682.37%
POOLPool Corporation2.14%$4.9244.68%
CSCOCisco Systems, Inc.2.13%$1.6262.56%
CSTRCapStar Financial Holdings, Inc.2.13%$0.4330.48%
HTLFHeartland Financial USA, Inc.2.13%$1.3869.73%