INGR (Ingredion) Intrinsic Value: Projected FCF: $123.38 (As of Sep. 09, 2026)

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Director of Data and Quant Analytics at GuruFocus
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INGR Ingredion Inc INGR
77 GF Score
Price $100.62
GF Value $114.42
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Ingredion Intrinsic Value: Projected FCF?

Ingredion INGR -0.08% 77 Intrinsic Value: Projected FCF is $123.38 as of Sep. 09, 2026. GuruFocus rates INGR with a GF Score™ of 77/100 and a GF Value™ of $114.42 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,325 Consumer Packaged Goods companies, Ingredion ranks better than 60.53% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-09), Ingredion's Intrinsic Value: Projected FCF is $123.38. The stock price of Ingredion is $100.62. Therefore, Ingredion's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

The historical rank and industry rank for Ingredion's Intrinsic Value: Projected FCF or its related term are showing as below:

INGR' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.77   Med: 1.13   Max: 1.89
Current: 0.82

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Ingredion was 1.89. The lowest was 0.77. And the median was 1.13.

INGR's Price-to-Projected-FCF is ranked better than
60.53% of 1325 companies
in the Consumer Packaged Goods industry
Industry Median: 1.02 vs INGR: 0.82

Ingredion  (NYSE:INGR) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Ingredion's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=100.62/123.3789178772
=0.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ingredion Intrinsic Value: Projected FCF Related Terms


Ingredion Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Ingredion's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ingredion Intrinsic Value: Projected FCF Chart

Ingredion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.71 79.04 93.18 109.34 123.17

Ingredion Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 116.82 118.07 123.17 120.78 123.38

INGR vs CPB, PPC, LW: Intrinsic Value: Projected FCF Comparison

For the Packaged Foods subindustry, Ingredion's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ingredion Price-to-Projected-FCF vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ingredion's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Ingredion's Price-to-Projected-FCF falls into.


INGR
77GF Score
Ingredion Inc INGR
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ingredion Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Ingredion's Free Cash Flow(6 year avg) = $443.84.

Ingredion's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*443.84+4573*0.8)/63.900
=123.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $123.38 mean?
Ingredion (INGR) has a Intrinsic Value: Projected FCF of $123.38 as of Sep. 09, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Ingredion and its competitors. According to the industry distribution chart, Ingredion ranks #523 out of 1325 companies in the Consumer Packaged Goods industry, placing it in the top 39.5%.
Is Ingredion's Intrinsic Value: Projected FCF too high?
Ingredion's current Intrinsic Value: Projected FCF is $123.38. The Consumer Packaged Goods industry median Intrinsic Value: Projected FCF is 1.02. Ingredion's value of $123.38 is 11996.1% above this industry median. Based on the distribution chart, Ingredion ranks #523 out of 1325 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ingredion has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ingredion's Intrinsic Value: Projected FCF compare to CPB and PPC?
According to the Consumer Packaged Goods industry distribution chart, Ingredion ranks #523 out of 1325 companies for Intrinsic Value: Projected FCF. This puts Ingredion in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.02. Ingredion's value of $123.38 is 11996.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Consumer Packaged Goods company?
The median Intrinsic Value: Projected FCF among Consumer Packaged Goods companies is 1.02, based on 1,325 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ingredion's current Intrinsic Value: Projected FCF of $123.38 is 11996.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Ingredion and its competitors. For the Consumer Packaged Goods industry, the median Intrinsic Value: Projected FCF is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingredion's current Intrinsic Value: Projected FCF is $123.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingredion stock overvalued right now?
Based on GuruFocus' analysis, Ingredion (INGR) is currently considered Modestly Undervalued. The stock's GF Value™ is $114.42, compared to a current price of $100.62 — trading 12.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is $123.38 and 11996.1% above the Consumer Packaged Goods industry median of 1.02. Ingredion's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Ingredion (INGR), the current Intrinsic Value: Projected FCF is $123.38 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ingredion (INGR) Overvalued in 2026?

Based on GuruFocus' analysis, Ingredion stock appears to be undervalued. The current stock price of $100.62 is trading 12.1% below its estimated GF Value™ of $114.42. GuruFocus considers Ingredion to be Modestly Undervalued.

Key valuation signals for INGR:

  • Intrinsic Value: Projected FCF: $123.38
  • GF Value™: $114.42 vs. price of $100.62 (12.1% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 11996.1% above the Consumer Packaged Goods median (#523 of 1325)

No single metric tells the full story. See the INGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ingredion Business Description

Other Exchanges CNP:GermanyI2NG34:Brazil
Address 5 Westbrook Corporate Center, Westchester, IL, USA, 60154
Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins. The company plans to acquire Tate & Lyle in an all-cash deal that should close in 2027.
77GF Score

Get the complete analysis for INGR

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$100.62
Price
$114.42
GF Value