Investment Thesis
Ingredion (INGR) produces ingredients for the food and beverage industry as well as the industrial sector. The company turns vegetables into components like starches and sugars. This is a stable business model as evidenced by the consistency of the financial results of the company. The downside to this stability is that Ingredion has barely grown revenues in multiple years. This low growth reality is fully reflected in the share price. While the company shines with a healthy capital structure and good capital efficiency, the lack of a meaningful discount to my $88.85 per