Inghams: Back on track

About the author:

Belinda Moore
Author name:
By Belinda Moore
Job title:
Senior Analyst
Date posted:
01 November 2023, 8:00 AM
Sectors Covered:
Agriculture, Food & Beverage, Travel and Chemicals

  • Inghams (ASX:ING) provided 1H24 guidance which was materially better than expected. Pleasingly, the strong 2H23 recovery in operational performance, which underpinned a positive start to FY24, has continued through into the 1H24.
  • We have made material upgrades to our forecasts.
  • ING’s valuation remains undemanding, with it trading on an FY24F PE of 10.8x and an attractive dividend yield of 5.6% fully franked. We maintain an Add rating.

Find out more

Download full research note

If you would like more information, please contact your adviser or nearest Morgans office. 

Request a call Find local branch

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

  • Print this page
  • Copy Link