Analyst Coverage

Firm Analyst
BMO Capital Markets
Ken Zaslow
Credit Suisse
Robert Moskow
Goldman Sachs
Adam Samuelson
Morningstar
Seth Goldstein
Stephens Inc.
Ben Bienvenu

Ingredion Incorporated is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Ingredion Incorporated's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ingredion Incorporated or its management. Ingredion Incorporated does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

First Call Estimates

Information on this page has been provided by First Call for information purposes only and has not been verified by Ingredion Incorporated or its management.

Mean Recommendation:

3.00

Sell

Strong Buy

Reference Information - Earnings Per Share

Last Actual (FY0): 6.23
FY0 End Date: 12/1/20
Ind. Annual Div: 2.56
Hist (5 Yr) Growth %: -1.34
Yield (%): 2.91

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 7.59 7.88 7.29 7.59 2 -- -- --
Annual Dec 22 7.10 7.46 6.90 7.05 5 -- -- --
Annual Dec 21 6.63 6.76 6.55 6.61 5 -- -- --
Quarterly Mar 22 1.79 1.86 1.69 1.81 3 -- -- --
Quarterly Jun 22 1.82 1.95 1.67 1.83 3 -- -- --
Quarterly Sep 21 1.39 1.63 1.27 1.33 4 -- -- --
Quarterly Dec 21 1.36 1.47 1.23 1.37 4 -- -- --

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 6.23 5.95 4.68
Annual Dec 19 6.65 6.52 2.00
Annual Dec 18 6.92 6.88 0.62
Quarterly Jun 21 2.05 1.59 28.85
Quarterly Mar 21 1.85 1.62 14.07
Quarterly Dec 20 1.75 1.46 19.62
Quarterly Sep 20 1.77 1.45 22.02

Reference Information - Book Value Per Share

Last Actual (FY0): 44.03
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 22 42.30 45.67 38.92 42.30 2 -- -- --
Annual Dec 21 41.12 41.46 40.78 41.12 2 -- -- --

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 44.03 41.21 6.86
Annual Dec 19 40.71 42.68 -4.63
Annual Dec 18 36.20 43.32 -16.44

Reference Information - Cash Flow Per Share

Last Actual (FY0): 12.33
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 22 9.54 15.02 4.06 9.54 2 -- -- --
Annual Dec 21 4.69 8.89 0.49 4.69 2 -- -- --
Quarterly Mar 22 3.81 3.81 3.81 3.81 1 -- -- --
Quarterly Jun 22 3.83 3.83 3.83 3.83 1 -- -- --
Quarterly Sep 21 5.44 5.44 5.44 5.44 1 -- -- --
Quarterly Dec 21 1.55 1.55 1.55 1.55 1 -- -- --

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 12.33 7.57 62.94
Annual Dec 19 10.09 9.41 7.28
Annual Dec 18 9.79 10.65 -8.06
Quarterly Jun 21 1.58 4.79 -67.04
Quarterly Mar 21 0.33 3.73 -91.15
Quarterly Dec 20 3.97 3.47 14.31
Quarterly Sep 20 3.96 2.71 45.96

Reference Information - Dividend Per Share

Last Actual (FY0): 2.54
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 2.62 2.68 2.56 2.62 2 -- -- --
Annual Dec 22 2.65 2.79 2.56 2.62 4 -- -- --
Annual Dec 21 2.64 2.71 2.56 2.65 4 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 2.54 2.59 -2.08
Annual Dec 19 2.58 2.37 8.86
Annual Dec 18 2.45 2.40 2.12

Reference Information - EBIT

Last Actual (FY0): 659.00
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 789.54 799.08 780.00 789.54 2 -- -- --
Annual Dec 22 759.04 796.00 743.74 753.74 5 -- -- --
Annual Dec 21 708.47 719.00 685.00 713.75 5 -- -- --
Quarterly Mar 22 191.26 196.92 185.60 191.26 2 -- -- --
Quarterly Jun 22 193.90 204.30 183.50 193.90 2 -- -- --
Quarterly Sep 21 154.06 174.00 143.37 144.80 3 -- -- --
Quarterly Dec 21 150.56 161.38 136.00 154.30 3 -- -- --

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual Dec 20 659.00 632.05 4.26
Annual Dec 19 705.00 706.84 -0.26
Annual Dec 18 767.00 777.80 -1.39
Quarterly Jun 21 208.00 172.77 20.39
Quarterly Mar 21 201.00 172.28 16.67
Quarterly Dec 20 186.00 160.97 15.55
Quarterly Sep 20 179.00 161.00 11.18

Reference Information - EBITDA

Last Actual (FY0): 872.00
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 1,008.21 1,020.00 996.42 1,008.21 2 -- -- --
Annual Dec 22 983.24 1,045.00 948.15 970.30 5 -- -- --
Annual Dec 21 936.62 952.00 912.99 940.75 4 -- -- --
Quarterly Mar 22 241.94 246.48 237.40 241.94 2 -- -- --
Quarterly Jun 22 241.71 249.52 233.90 241.71 2 -- -- --
Quarterly Sep 21 214.60 237.00 198.80 208.00 3 -- -- --
Quarterly Dec 21 213.70 220.00 207.40 213.70 2 -- -- --

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual Dec 20 872.00 849.92 2.60
Annual Dec 19 925.00 930.60 -0.60
Annual Dec 18 984.00 1,006.62 -2.25
Quarterly Jun 21 259.00 230.70 12.27
Quarterly Mar 21 253.00 232.47 8.83
Quarterly Dec 20 241.00 215.17 12.00
Quarterly Sep 20 231.00 213.08 8.41

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 5.15
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 7.29 7.29 7.29 7.29 1 -- -- --
Annual Dec 22 6.98 7.05 6.94 6.96 3 -- -- --
Annual Dec 21 1.90 2.13 1.72 1.84 3 -- -- --
Quarterly Mar 22 1.69 1.69 1.69 1.69 1 -- -- --
Quarterly Jun 22 1.67 1.67 1.67 1.67 1 -- -- --
Quarterly Sep 21 1.47 1.63 1.30 1.47 2 -- -- --
Quarterly Dec 21 1.31 1.39 1.23 1.31 2 -- -- --

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual Dec 20 5.15 4.95 4.04
Annual Dec 19 6.13 6.00 2.20
Annual Dec 18 6.17 6.48 -4.73
Quarterly Jun 21 2.62 1.66 57.83
Quarterly Mar 21 -3.66 1.66 -320.48
Quarterly Dec 20 1.70 1.47 15.65
Quarterly Sep 20 1.36 1.44 -5.34

Reference Information - Net Asset Value

Last Actual (FY0): 2,972.00
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Asset Value

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 5,668.00 5,668.00 5,668.00 5,668.00 1 -- -- --
Annual Dec 22 3,150.50 3,213.00 3,088.00 3,150.50 2 -- -- --
Annual Dec 21 2,868.00 2,933.00 2,803.00 2,868.00 2 -- -- --

Actuals - Net Asset Value

Reported Mean Estimate Surprise % Change
Annual Dec 20 2,972.00 2,916.00 1.92
Annual Dec 19 2,741.00 2,816.00 -2.66
Annual Dec 18 2,408.00 2,941.00 -18.12

Reference Information - Net Debt

Last Actual (FY0): 1,521.00
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 1,703.69 1,703.69 1,703.69 1,703.69 1 -- -- --
Annual Dec 22 1,691.24 1,818.32 1,564.16 1,691.24 2 -- -- --
Annual Dec 21 1,712.95 1,738.98 1,686.92 1,712.95 2 -- -- --

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual Dec 20 1,521.00 1,735.03 -12.34
Annual Dec 19 1,580.00 1,712.14 -7.72
Annual Dec 18 1,766.00 1,461.57 20.83

Reference Information - Net Income

Last Actual (FY0): 422.00
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 502.96 512.93 493.00 502.96 2 -- -- --
Annual Dec 22 481.71 504.00 469.53 479.20 5 -- -- --
Annual Dec 21 449.19 457.00 443.00 449.40 5 -- -- --
Quarterly Mar 22 116.40 116.40 116.40 116.40 1 -- -- --
Quarterly Jun 22 115.20 115.20 115.20 115.20 1 -- -- --
Quarterly Sep 21 99.55 110.00 89.10 99.55 2 -- -- --
Quarterly Dec 21 89.35 95.70 83.00 89.35 2 -- -- --

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual Dec 20 422.00 402.69 4.79
Annual Dec 19 448.00 440.17 1.78
Annual Dec 18 497.00 495.07 0.39
Quarterly Jun 21 139.00 111.75 24.38
Quarterly Mar 21 126.00 111.85 12.65
Quarterly Dec 20 118.00 99.30 18.83
Quarterly Sep 20 120.00 96.80 23.97

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Annual Dec 21 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --
Quarterly Mar 22 -- -- -- -- -- -- -- --
Quarterly Dec 21 -- -- -- -- -- -- -- --
Quarterly Sep 21 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 14.88
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 22 16.40 17.40 15.40 16.40 2 -- -- --
Annual Dec 21 10.26 15.63 4.90 10.26 2 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual Dec 20 14.88 13.80 1.08
Annual Dec 19 17.54 17.02 0.52
Annual Dec 18 18.83 16.79 2.04

Reference Information - Sales

Last Actual (FY0): 5,987.00
FY0 End Date: 12/1/20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 7,342.74 7,349.48 7,336.00 7,342.74 2 -- -- --
Annual Dec 22 7,046.54 7,507.00 6,808.60 6,896.21 5 -- -- --
Annual Dec 21 6,783.09 6,961.00 6,657.00 6,762.60 5 -- -- --
Quarterly Mar 22 1,670.41 1,758.13 1,614.90 1,638.21 3 -- -- --
Quarterly Jun 22 1,795.65 1,817.91 1,780.60 1,788.43 3 -- -- --
Quarterly Sep 21 1,711.74 1,768.00 1,681.80 1,698.58 4 -- -- --
Quarterly Dec 21 1,726.62 1,816.00 1,678.80 1,705.84 4 -- -- --

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual Dec 20 5,987.00 5,955.45 0.53
Annual Dec 19 6,209.00 5,748.58 8.01
Annual Dec 18 5,841.00 5,842.45 -0.02
Quarterly Jun 21 1,762.00 1,737.07 1.44
Quarterly Mar 21 1,614.00 1,578.38 2.26
Quarterly Dec 20 1,593.00 1,568.94 1.53
Quarterly Sep 20 1,502.00 1,469.51 2.21

Reference Information - Earnings Per Share (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Earnings Per Share (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Annual Dec 21 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --
Quarterly Mar 22 -- -- -- -- -- -- -- --
Quarterly Dec 21 -- -- -- -- -- -- -- --
Quarterly Sep 21 -- -- -- -- -- -- -- --

Actuals - Earnings Per Share (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Net Income (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Annual Dec 21 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --
Quarterly Mar 22 -- -- -- -- -- -- -- --
Quarterly Dec 21 -- -- -- -- -- -- -- --
Quarterly Sep 21 -- -- -- -- -- -- -- --

Actuals - Net Income (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Operating Profit (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Annual Dec 21 -- -- -- -- -- -- -- --
Quarterly Jun 22 -- -- -- -- -- -- -- --
Quarterly Mar 22 -- -- -- -- -- -- -- --
Quarterly Dec 21 -- -- -- -- -- -- -- --
Quarterly Sep 21 -- -- -- -- -- -- -- --

Actuals - Operating Profit (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Sales (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change

Actuals - Sales (Parent)

Reported Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Copyright Refinitiv

About Ingredion

Ingredion Incorporated (NYSE: INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2020 annual net sales of $6 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs® innovation centers around the world and approximately 12,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better. Visit ingredion.com for more information and the latest Company news.


The INGREDION and INGREDION IDEA LABS marks and logos are trademarks of the Ingredion group of companies.
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