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Ingredion Incorporated (INGR)



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Upturn Advisory Summary
09/17/2025: INGR (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $148.67
1 Year Target Price $148.67
1 | Strong Buy |
1 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 14.2% | Avg. Invested days 63 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.94B USD | Price to earnings Ratio 12.08 | 1Y Target Price 148.67 |
Price to earnings Ratio 12.08 | 1Y Target Price 148.67 | ||
Volume (30-day avg) 7 | Beta 0.76 | 52 Weeks Range 119.80 - 152.72 | Updated Date 09/15/2025 |
52 Weeks Range 119.80 - 152.72 | Updated Date 09/15/2025 | ||
Dividends yield (FY) 2.54% | Basic EPS (TTM) 10.24 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.24% | Operating Margin (TTM) 14.95% |
Management Effectiveness
Return on Assets (TTM) 9.03% | Return on Equity (TTM) 17.17% |
Valuation
Trailing PE 12.08 | Forward PE 10.59 | Enterprise Value 9013493846 | Price to Sales(TTM) 1.08 |
Enterprise Value 9013493846 | Price to Sales(TTM) 1.08 | ||
Enterprise Value to Revenue 1.23 | Enterprise Value to EBITDA 7.53 | Shares Outstanding 64180900 | Shares Floating 63667443 |
Shares Outstanding 64180900 | Shares Floating 63667443 | ||
Percent Insiders 0.74 | Percent Institutions 93.69 |
Upturn AI SWOT
Ingredion Incorporated

Company Overview
History and Background
Ingredion Incorporated was founded in 1906 as Corn Products Refining Co. It has evolved from a corn refiner to a global ingredient solutions provider, expanding through acquisitions and product innovation.
Core Business Areas
- North America: Produces sweeteners, starches, and biomaterials for food, beverage, brewing, and industrial sectors.
- South America: Offers similar products to North America, with a focus on serving regional food and beverage markets.
- Asia-Pacific: Supplies starch-based ingredients, sweeteners, and specialty ingredients to diverse industries.
- Europe, Middle East, and Africa (EMEA): Provides a range of ingredient solutions, including texturizers, emulsifiers, and nutritional ingredients.
Leadership and Structure
The leadership team is headed by the CEO, supported by executive VPs overseeing regions, business lines (specialties, core), and functions (finance, technology). The organizational structure is region-based with global functional support.
Top Products and Market Share
Key Offerings
- Competitors: Cargill, ADM
- Starches: Various starches used as thickeners, binders, and texturizers in food and industrial applications. Market share data not readily available, competitors include Cargill, ADM. Revenue is a significant portion of overall sales, but is not publicly disaggregated.
- Competitors: ADM, Tate & Lyle
- Sweeteners: High fructose corn syrup (HFCS), dextrose, and other sweeteners used in beverages, confectionery, and processed foods. Market share data not readily available, competitors include ADM, Tate & Lyle. Revenue is a significant portion of overall sales, but is not publicly disaggregated.
- Competitors: Kerry, DuPont
- Specialty Ingredients: Clean and Simple ingredients such as plant based proteins, modified starches and texturizers for specialized applications. Market share varies by specific ingredient, with Ingredion holding key positions in some segments. Competitors include Kerry, DuPont. Revenue is growing and represents a key growth driver.
Market Dynamics
Industry Overview
The ingredient solutions industry is driven by trends in food and beverage consumption, health and wellness, and sustainability. Demand for clean label and plant-based ingredients is growing.
Positioning
Ingredion is a leading global provider of ingredient solutions, with a strong presence in starch-based and sweetener markets. It aims to differentiate itself through innovation and customer service.
Total Addressable Market (TAM)
The global food ingredients market is estimated at over $300 billion. Ingredion is positioned to capture a portion of this market, focusing on specific segments such as specialty starches and sweeteners. Specific TAM breakdown by product unavailable.
Upturn SWOT Analysis
Strengths
- Global Presence
- Broad Product Portfolio
- Strong R&D Capabilities
- Established Customer Relationships
- Commitment to Sustainability
Weaknesses
- Commodity Price Volatility
- Dependence on Corn Supply
- Exposure to Currency Fluctuations
- Potential for Supply Chain Disruptions
Opportunities
- Growing Demand for Clean Label Ingredients
- Expansion into Emerging Markets
- Development of New Specialty Ingredients
- Strategic Acquisitions
- Increased focus on plant based protein
Threats
- Increased Competition
- Changing Consumer Preferences
- Regulatory Changes
- Economic Downturns
- Geopolitical Risks
Competitors and Market Share
Key Competitors
- CARG
- ADM
- TATE
Competitive Landscape
Ingredion's advantages include its global scale, broad product portfolio, and strong R&D capabilities. Disadvantages include commodity price volatility and exposure to currency fluctuations.
Major Acquisitions
PureCircle
- Year: 2020
- Acquisition Price (USD millions): 185
- Strategic Rationale: Expanded Ingredionu2019s stevia sweetener portfolio and capabilities.
Growth Trajectory and Initiatives
Historical Growth: Ingredion's growth has been driven by organic expansion, acquisitions, and new product development.
Future Projections: Analysts project continued growth in revenue and earnings, driven by demand for specialty ingredients and expansion into emerging markets.
Recent Initiatives: Recent initiatives include investments in specialty ingredient capacity, acquisitions of companies with complementary technologies, and expansion into new geographies.
Summary
Ingredion is a strong player in the ingredient solutions market, with a global presence and diverse product portfolio. They are positioned well for growth in specialty ingredients. They face challenges from commodity price volatility and increasing competition. Expansion in plant-based products is key.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company reports, investor presentations, industry analysis reports, financial websites.
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is approximate and may vary by source. All financial values are estimates.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ingredion Incorporated
Exchange NYSE | Headquaters Westchester, IL, United States | ||
IPO Launch date 1997-12-11 | President, CEO & Director Mr. James P. Zallie | ||
Sector Consumer Defensive | Industry Packaged Foods | Full time employees 11000 | Website https://www.ingredion.com |
Full time employees 11000 | Website https://www.ingredion.com |
Ingredion Incorporated, together with its subsidiaries, manufactures 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 worldwide. 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 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 applications 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, and beverages. In addition, the company sells refined corn oil, corn gluten feed, and corn gluten meal; and other products. 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.

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