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← CockpitCompetitor Analysis › ING.AX Inghams Group Ltd.Open in the cockpit ↗

Inghams Group Ltd.ING.AXCompetitor analysis, valuation and peers

Australia · AUD·Consumer Staples›Agricultural Commodities/Milling
Momentum strong 72
Mkt cap
$563M
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$1.40M
20-day average traded
Fwd P/E
12.7×
forward earnings
ROIC−WACC
+0.6 pp
WACC 5.6%
Hurdle
-5 pp
Req g minus delivered
Next earnings
111 days
25 Feb 2027
Close · AUDA$2.19
1D+0.9%
1W+4.8%
1M+4.8%
3M+3.3%
6M+13.2%
YTD-12.1%
1Y-8.8%
ATR %2.4%
52w lowhigh18.6% off high

What Inghams does

No business profile yet.

Inghams at a glance

Size Inghams (ING.AX) is an Australia Consumer Staples company (Agricultural Commodities/Milling) with a market value of $563M, the 246th largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.19 on 6 Nov 2026.

Performance Over six months the shares gained 13.2%, against -5.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 2.4% over the last twelve months (peer median +6.3%); the operating margin is 4.5% (peer median 4.0%).

Valuation It trades at 12.7× forward earnings against a peer median of 11.0× (4th most expensive of 10).

Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.6 points above its cost of capital (5.6% WACC).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026ING.AX 114Peer median 95
Six months, rebased to 100: Inghams against the median of its 20 peers (local-currency closes).

Inghams financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$3.23BA$3.23BA$3.15BA$3.26BA$3.04B
Revenue growth—+2%-3%+7%—
Gross profitA$541MA$541MA$582MA$621MA$511M
EBITDAA$296MA$296MA$391MA$469MA$415M
Net incomeA$34.6MA$34.6MA$89.8MA$102MA$60.4M
Free cash flowA$193MA$193MA$170MA$227MA$260M
Capital expenditureA$77.4MA$77.4MA$104MA$162MA$71.9M
Total debtn/aA$1.55BA$1.55BA$1.73BA$1.90B

Quarterly statements and history in the cockpit →

Inghams competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%-20%-10%0%+10%TRIVENI002696211726126001919676600371600354301116FFARMPICCADILRSI001201603668600467600506001313300087ING.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Inghams is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%20×40×TRIVENI9676301116FFARMRSI001201603231603668300087ING.AXRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Inghams is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%21172612600354FFARM300094603668600467600506001313300087ING.AXGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Inghams is the large dot.

Inghams competitors and peer comparison

How Inghams compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Inghams against its 20 peers (data as of 6 Nov 2026)
MeasureING.AXPeer medianRank in peer set
1-month return+4.8%-2.0%6th highest of 21
6-month return+13.2%-5.9%6th highest of 21
Distance from 52-week high-18.6%-33.0%6th highest of 21
Revenue growth (TTM)+2.4%+6.3%9th lowest of 21
Operating margin4.5%4.0%11th highest of 21
Forward P/E12.7×11.0×4th most expensive of 10
Growth the price implies (Req g, 7 yrs)-1.2%3.0%4th least demanding of 11
Growth delivered (Del g)+3.9%+5.5%4th lowest of 11
Hurdle (Req g minus delivered)-5.0 pp+1.6 pp5th least demanding of 11
ROIC minus cost of capital+0.6 pp-1.3 pp10th highest of 21
EV / EBITDA7.3×8.6×4th cheapest of 9
Net debt / EBITDA4.6×1.1×3rd most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Inghams ING.AXAustralia$563M+13%+2%4%12.7×-1.2%+3.9%
Triveni Engineering and Industries TRIVENI.NSIndia$561M-4%+2%8%11.0×n/an/a
Baiyang Investment 002696.SZChina$569M+62%+25%0%n/an/an/a
WELLNEO SUGAR 2117.TJapan$555M+2%+8%10%n/a-10.2%+20.9%
Kadoya Sesame Mills 2612.TJapan$550M+94%-2%10%n/a0.9%+5.0%
Baotou Huazi Industry 600191.SSChina$582M-37%+56%5%n/an/an/a
Shiyue Daotian 9676.HKHong Kong$545M-35%+26%7%8.4×n/an/a
Wanxiang Doneed 600371.SSChina$544M+41%-13%-11%n/an/an/a
Gansu Dunhuang Seed 600354.SSChina$589M+19%+9%25%n/a-4.7%+4.1%
Jiangsu Yike Food 301116.SZChina$538M-28%+6%0%42.0×n/an/a
ForFarmers FFARM.ASNetherlands$537M-18%+7%3%8.2×-9.9%+6.0%
Piccadily Agro Industries PICCADIL.NSIndia$607M-8%+29%20%n/an/an/a
Rogers Sugar RSI.TOCanada$618M+2%-6%10%12.4×n/an/a
Dongrui Food 001201.SZChina$629M+23%+2%-30%10.8×n/an/a
Solbar Ningbo Protein Technology 603231.SSChina$493M+1%+20%8%14.8×n/an/a
Zhanjiang Guolian Aquatic Products 300094.SZChina$490M-8%-9%-28%n/a0.7%-6.6%
Fujian Tianma Science & Technology 603668.SSChina$488M-52%+6%-1%4.6×29.6%+10.5%
Shandong Homey Aquatic Development 600467.SSChina$486M-9%-21%14%n/a5.0%-3.1%
Tongyi Carbon Neutral Technology (Xinjiang) 600506.SSChina$653M0%+24%2%n/a21.8%+82.4%
Guangdong Yuehai Feeds 001313.SZChina$662M-24%+24%2%n/a10.5%+2.1%
Winall Hi-Tech Seed 300087.SZChina$663M-39%-14%-3%20.4×41.9%+23.0%

Questions

Which companies are Inghams's closest peers?
The cockpit's peer set: Triveni Engineering and Industries (TRIVENI.NS), Baiyang Investment (002696.SZ), WELLNEO SUGAR (2117.T), Kadoya Sesame Mills (2612.T), Baotou Huazi Industry (600191.SS), Shiyue Daotian (9676.HK), Wanxiang Doneed (600371.SS), Gansu Dunhuang Seed (600354.SS).
Is Inghams expensive compared with its peers?
On forward p/e it trades at 12.7× against a peer median of 11.0×, 4th most expensive of 10 in its peer set. For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has Inghams stock performed?
Over six months to 6 Nov 2026 the shares returned +13.2% against -5.9% for the median peer; over one year -8.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.