INGM Stock Analysis: Ingram Micro Holding | NYSE
Information Technology Services | NYSE, USA | Market Cap: 5.911m USD | 12M Return: 41.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 44.2M
Qual. Beats: 0
Rev. Trend: 84.5%
Qual. Beats: 1
Warnings
Tailwinds
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 10, 2026, the stock is trading at USD 29.04 with a total of 1,448,564 shares traded. Over the past week, the price has changed by +6.84%, over one month by -0.31%, over three months by +9.10% and over the past year by +41.25%.
Current recommended Stop Loss: 26.70 (which is 8.1% or 2.2 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 | 31.9 | 9.7% |
P/E Trailing = 16.875
P/E Forward = 8.2372
P/S = 0.109
P/B = 1.4898
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 = 9.26b USD (5.91b + 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 9.26b / FCF TTM 1.36m)
FCF Yield = 0.01% (FCF TTM 1.36m / Enterprise Value 9.26b)
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 = 0.44 (Enterprise Value 9.26b / 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 = 8.54% (E(5.91b)/V(10.2b) * Re(11.54%) + D(4.27b)/V(10.2b) * Rd(6.99%) * (1-Tc(0.37)))
Discount Rate = 11.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.11 | Cagr: 0.61%
[DCF] Terminal Value 72.40% ; FCFF base≈39.5m ; Y1≈34.7m ; Y5≈28.0m
[DCF] Fair Price = N/A (negative equity: EV 436.2m - Net Debt 3.35b = -2.92b; 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=+0.05% | Revisions=+19% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.74 | Chg30d=+0.20% | Revisions=+25% | Analysts=14
EPS current Year (2026-12-31): EPS=3.28 | Chg30d=+0.00% | Revisions=+12% | GrowthEPS=+13.0% | GrowthRev=+7.6%
EPS next Year (2027-12-31): EPS=3.69 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+12.4% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +22% (up=18, down=11)