INGM Stock Analysis: Ingram Micro Holding | NYSE
Information Technology Services | NYSE, USA | Market Cap: 6.568m USD | 12M Return: 40.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.0M
Qual. Beats: 0
Rev. Trend: 84.5%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 1.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ingram Micro Holding Corporation (NYSE: INGM) is a global IT distributor headquartered in Irvine, California, founded in 1979. The company distributes IT hardware, software, cloud services, and related solutions to a broad channel of resellers, retailers, integrators, and service providers across the Americas, Europe, the Middle East, Africa, and Asia-Pacific.
Its product portfolio spans client and endpoint devices (PCs, notebooks, tablets, printers, and mobile hardware), enterprise infrastructure (servers, storage, networking, cybersecurity, and power/cooling), and emerging categories such as unified communications, smart office/home automation, and point-of-sale solutions. Ingram Micro also resells third-party cloud services and subscriptions, and provides adjacent offerings including IT asset disposition, reverse logistics, repair, and financing.
The company operates in the technology distribution sub-industry of the Information Technology sector, a business model characterized by low single-digit gross margins and high asset turnover, where distributors earn revenue by purchasing from manufacturers in volume and reselling to a fragmented channel. The industry has been shifting toward recurring cloud and services revenue, which now sits alongside traditional hardware distribution as a core growth area. Ingram Micro went public on October 24, 2024, and is classified as a mid-cap stock with a market capitalization of approximately $6.86 billion USD.
- Cloud platform services revenue drives recurring margin expansion
- Tariff exposure on China-sourced IT hardware pressures margins
- TD Synnex competition pressures pricing across distribution channels
| Net Income: 357.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.51 > 1.0 |
| NWC/Revenue: 7.90% < 20% (prev 9.16%; Δ -1.26% < -1%) |
| CFO/TA 0.01 > 3% & CFO 138.7m > Net Income 357.6m |
| Net Debt (3.35b) to EBITDA (1.20b): 2.80 < 3 |
| Current Ratio: 1.31 > 1.5 & < 3 |
| Outstanding Shares: last quarter (238.1m) vs 12m ago 1.33% < -2% |
| Gross Margin: 6.64% > 18% (prev 7.03%; Δ -0.39% > 0.5%) |
| Asset Turnover: 274.1% > 50% (prev 262.7%; Δ 11.45% > 0%) |
| Interest Coverage Ratio: 2.91 > 6 (EBIT TTM 869.3m / Interest Expense TTM 298.4m) |
| A: 0.20 (Total Current Assets 17.9b - Total Current Liabilities 13.6b) / Total Assets 20.9b |
| B: 0.08 (Retained Earnings 1.67b / Total Assets 20.9b) |
| C: 0.04 (EBIT TTM 869.3m / Avg Total Assets 19.8b) |
| D: 0.25 (Book Value of Equity 4.20b / Total Liabilities 16.7b) |
| Altman-Z'' = 2.16 = BBB |
| DSRI: 1.10 (Receivables 10.9b/8.94b, Revenue 54.2b/48.9b) |
| GMI: 1.06 (GM 7.03% / 6.64%) |
| AQI: 0.90 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.11 (Revenue 54.2b / 48.9b) |
| TATA: 0.01 (NI 357.6m - CFO 138.7m) / TA 20.9b) |
| Beneish M = -2.88 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at USD 29.15 with a total of 740,162 shares traded. Over the past week, the price has changed by +2.28%, over one month by +6.19%, over three months by -3.11% and over the past year by +40.84%.
Current recommended Stop Loss: 26.80 (which is 8.1% or 2.3 ATR below the current price).
Ingram Micro Holding has received a consensus analysts rating of 4.07. Therefore, it is recommended to buy INGM.
- StrongBuy: 6
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 32.6 | 11.9% |
P/E Trailing = 18.75
P/E Forward = 8.8731
P/S = 0.1211
P/B = 1.605
Revenue TTM = 54.2b USD
EBIT TTM = 869.3m USD
EBITDA TTM = 1.20b USD
Long Term Debt = 2.55b USD (from longTermDebt, last quarter)
Short Term Debt = 892.9m USD (from shortTermDebt, last quarter)
Debt = 4.27b USD (from shortLongTermDebtTotal, last quarter) + Leases 464.7m
Net Debt = 3.35b USD (calculated: Debt 4.27b - CCE 916.0m)
Enterprise Value = 9.92b USD (6.57b + Debt 4.27b - CCE 916.0m)
Interest Coverage Ratio = 2.91 (Ebit TTM 869.3m / Interest Expense TTM 298.4m)
EV/FCF = 1000.0x (Enterprise Value 9.92b / FCF TTM 1.36m)
FCF Yield = 0.01% (FCF TTM 1.36m / Enterprise Value 9.92b)
FCF Margin = 0.00% (FCF TTM 1.36m / Revenue TTM 54.2b)
Net Margin = 0.66% (Net Income TTM 357.6m / Revenue TTM 54.2b)
Gross Margin = 6.64% ((Revenue TTM 54.2b - Cost of Revenue TTM 50.6b) / Revenue TTM)
Gross Margin QoQ = 6.63% (prev 6.50%)
Tobins Q-Ratio = 0.47 (Enterprise Value 9.92b / Total Assets 20.9b)
Interest Expense / Debt = 6.99% (Interest Expense 298.4m / Debt 4.27b)
Taxrate = 37.38% (213.4m / 571.0m)
NOPAT = 544.4m (EBIT 869.3m * (1 - 37.38%))
Current Ratio = 1.31 (Total Current Assets 17.9b / Total Current Liabilities 13.6b)
Debt / Equity = 1.02 (Debt 4.27b / totalStockholderEquity, last quarter 4.20b)
Debt / EBITDA = 2.80 (Net Debt 3.35b / EBITDA 1.20b)
Debt / FCF = 2.47k (out of range, set to none) (Net Debt 3.35b / FCF TTM 1.36m)
Total Stockholder Equity = 4.15b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.81% (Net Income 357.6m / Total Assets 20.9b)
RoE = 8.61% (Net Income TTM 357.6m / Total Stockholder Equity 4.15b)
RoCE = 12.97% (EBIT 869.3m / Capital Employed (Equity 4.15b + L.T.Debt 2.55b))
RoIC = 7.47% (NOPAT 544.4m / Invested Capital 7.28b)
WACC = 8.66% (E(6.57b)/V(10.8b) * Re(11.44%) + D(4.27b)/V(10.8b) * Rd(6.99%) * (1-Tc(0.37)))
Discount Rate = 11.44% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 63.84 | Cagr: 0.61%
[DCF] Terminal Value 71.95% ; FCFF base≈39.5m ; Y1≈34.7m ; Y5≈28.0m
[DCF] Fair Price = N/A (negative equity: EV 427.9m - Net Debt 3.35b = -2.93b; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.16 | # QB: 0
Revenue Correlation: 84.55 | Revenue CAGR: 4.16% | SUE: 3.68 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=+0.16% | Revisions=+25% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.74 | Chg30d=+0.27% | Revisions=+25% | Analysts=14
EPS current Year (2026-12-31): EPS=3.28 | Chg30d=+0.12% | Revisions=+25% | GrowthEPS=+13.2% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=3.69 | Chg30d=+0.02% | Revisions=+25% | GrowthEPS=+12.3% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +57% (up=4, down=0)