MGPI

MGP Ingredients, Inc.

Fundamental data last updated:November 1, 2026

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company profile

SECTOR

Consumer Defensive

industry

Beverages - Wineries & Distilleries

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, branded spirits, and food ingredients. It operates through three segments: Distillery Products; Branded Spirits; and Ingredient Solutions. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food-grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products. This segment also provides fuel-grade alcohol for blending with gasoline; distillers feed and related co-products, such as distillers feed and corn oil; and warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment provides ultra-premium, premium, mid, and value branded distilled spirits. The Ingredient Solutions segment provides specialty wheat starches for food applications under the Fibersym, Resistant Starch, and FiberRite RW Resistant Starch names; specialty wheat proteins for food applications under the Arise and Proterra names; gluten-free textured pea proteins; commodity wheat starch for food and non-food applications; and commodity wheat proteins. The company sells its products directly or through distributors to manufacturers and processors of finished packaged goods or to bakeries primarily in the United States, the United Kingdom, Japan, Thailand, Mexico, and Canada. MGP Ingredients, Inc. was founded in 1941 and is headquartered in Atchison, Kansas.

 


VALUATION

P/E

-1.63

Market Cap ($M USD)

$390.99M

Forward P/E

7.25

PEG

0.06

PRICE TO SALES

0.75

PRICE TO BOOK

0.67

EV / EBITDA

-2.56

5-Year Average P/E

Free Cash Flow Yield

13.82%

DCF Value

$35.17

Graham Number

N/A

Price to FCF

7.24

EV to FCF

11.75

Earnings Yield

-61.23%

FCF Yield

13.82%

DIVIDEND

Yield

2.62%

Annual Payout

$0.48

Payout Ratio

-4.32%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$11.20

Next Year EPS Growth Estimate

$2.53

Next Year Revenue Growth Estimate

$540.96M

Return on Equity (ROE)

-32.00%

FREE CASH FLOW

Operating Margin

-51.25%

Debt-to-Equity

0.37

Piotroski F-Score

3

Altman Z-Score

0.96

Return on Invested Capital (ROIC)

-31.56%

Current Ratio

2.74

Quick Ratio

0.56

Net Debt to EBITDA

-0.98

Interest Coverage

-40.40

Gross Profit margin

36.39%

FCF PER SHARE

$2.53

REVENUE PER SHARE

$24.36

Gainseekers Quantitative Analysis

Summary

The market seems to have misjudged MGPI’s valuation, trading significantly below its DCF value. Despite a negative earnings yield and a concerning Altman Z-score of 1.01, the forward P/E of 7.80 suggests potential for future earnings growth. However, the negative ROIC and operating margin highlight severe profitability issues. The stock’s current price reflects a deep discount, but the financial health remains precarious, demanding cautious optimism.

AI Exposure / Tech Reliance

Operating within the Consumer Defensive sector, MGPI is somewhat insulated from rapid tech disruptions. However, as a player in the Beverages industry, it must still innovate in production and distribution to leverage AI for efficiency gains. Its resilience will depend on adapting traditional processes to modern technological advancements.

The Bull Case

For value investors, MGPI offers a compelling narrative. The forward PEG ratio of 0.06 indicates significant undervaluation relative to growth prospects. A robust FCF yield of 12.83% and a manageable debt/equity ratio of 0.37 suggest efficient capital use. Despite a low Piotroski F-Score, the company's ability to generate free cash flow and maintain a solid current ratio underscores its potential for long-term value creation.

The Bear Case

MGPI's structural weaknesses are glaring. The negative operating margin and ROIC signal deep-rooted inefficiencies, while the interest coverage ratio is alarmingly negative, indicating potential liquidity issues. Trading at a price/book ratio of 0.72, the market questions its asset utilization. The stock's proximity to its 52-week low further reflects investor skepticism about its turnaround capabilities.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$29.00

Institutional Ownership %

1-Year Beta

0.49

Insider Buying % (6 Mo)

Distance to 52-Week High

82.45%

Distance to 52-Week Low

10.08%

EARNINGS SURPRISE %

275.00%

50-DAY SMA

$18.82

200-DAY SMA

$23.31

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.