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Definitive Analysis

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Page: Dividend Discount Model

Inghams Group Limited

Ticker: ING.AX | Industry: Agricultural Farm Products | Sector: Consumer Defensive
$2.51 -0.05 (-1.95%)
As of: 2026-01-23

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$6.71 - $11.23$8.57
Multi-Stage DDM$3.17 - $3.47$3.32
Blended Fair Value$5.94
Stock Price$2.43

Dividend History (Last 10 Years)

Metric2025202420232022202120202019201820172016
DPS0.1880.2190.0500.1540.1420.1780.2030.1880.0270.000
YoY %-13.95%338.86%-67.71%9.00%-20.21%-12.52%8.23%589.56%0.00%-100.00%
Yield7.750%9.005%2.052%6.355%5.830%7.306%8.352%7.717%1.119%0.000%

CAGRValue
5 Year1.19%
10 Year-15.45%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth3.16% to 5.16%4.16%
WACC9.00%9.00%
Fair Value$6.71 - $11.23$8.57

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income89.8089.8089.80
(=) Cash Required17.9611.236.74
Cash Retained89.8089.8089.80
(-) Cash Required-17.96-11.23-6.74
(=) Excess Retained71.8478.5883.07
(/) Shares Outstanding374,900,000374,900,000374,900,000
(=) Excess Retained per Share0.190.210.22
LTM Dividend per Share0.1880.1880.188
(+) Excess Retained per Share0.190.210.22
(=) Adjusted Dividend0.3800.3980.410

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income89.8093.5497.43101.49105.71110.11
Payout Ratio78.6%25.0%41.0%57.0%73.0%90.0%
Projected Dividends70.6023.3839.9557.8577.1799.10

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV22.1822.4022.61
Year 2 PV34.4335.1035.78
Year 3 PV45.3146.6447.99
Year 4 PV54.9257.0859.30
Year 5 PV64.0867.2570.54
TV PV967.871,015.691,065.39
Equity Value1,188.781,244.151,301.62
Fair Value$3.17$3.32$3.47
Stock Price$2.43$2.43$2.43

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