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Ingenia Communities Group (INA) Fair Value & Analysis

Real Estate · AU · Market cap A$1.8B

IC Ingenia Communities Group INA · AU
PriceA$4.48
Fair ValueA$4.33
Upside-3.4%
Quality68/100
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Healthy Growth
Highly profitable · 25.6% net margin
Moderate debt · generates free cash flow
2.09% dividend yield
Ranks above peers (13/14)
Wide moat 66/100
Evidence: High Range A$2.72 – A$5.95 Share as image

Fair value as of: Jul 11, 2026

From 16 valuation models · updated 29 days ago

Share price +1.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (A$2.72 to A$5.95) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

A$6.12 A$3.21 Fair Value A$4.33 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range A$3.21 – A$6.12 · fair‑value band A$2.72 – A$5.95 · the A$4.48 price screens above the A$4.33 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Ingenia Communities Group (INA) currently trades at A$4.48, while our model-based Fair Value estimate is A$4.33, implying the stock looks roughly 3.4% fairly valued today. The Quality Score stands at 68/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ingenia Communities Group generated revenue of A$541M at a net margin of 25.6%. Revenue grew 4.3% year over year. It earns a return on equity of 8.5%. Net debt stands at A$866M. Fundamentals as of Jul 11, 2026

Our scenario range runs from A$2.72 (bear case) to A$5.95 (bull case); at A$4.48, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -44% fair-value upside, at -3%, INA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$2.32 A$5.34 A$10.68 80
Residual Income A$3.07 A$3.22 A$3.39 76
Rev-Margin DCF A$1.38 A$4.36 A$8.87 74
All 16 models by family
DCF Models
FCF DCF A$2.57 A$4.89 A$11.35 38
5Y Revenue Exit A$1.38 A$3.80 A$8.54 39
5Y EBITDA Exit A$2.06 A$5.24 A$11.13 41
10Y Revenue Exit A$1.64 A$4.86 A$7.97 36
10Y EBITDA Exit A$2.18 A$6.07 A$13.14 37
Dividend Discount
Gordon GGM A$0.8800 A$1.58 A$2.18 70
DDM Multi-Stage A$0.8800 A$1.45 A$1.69 61
Multiples
P/S Multiple A$4.02 A$5.36 A$6.70 58
P/B Multiple A$4.02 A$5.36 A$6.70 55
EV/EBIT A$2.87 A$4.49 A$6.10 53
EV/EBITDA A$1.93 A$3.23 A$4.53 54
EV/Revenue A$0.7000 A$1.85 A$2.99 43
Asset-Based
NCAV (Graham) A$1.96 A$2.62 A$3.92 50
Growth DCF
Growth DCF A$2.32 A$5.34 A$10.68 80
Rev-Margin DCF A$1.38 A$4.36 A$8.87 74
Economic Profit
Residual Income A$3.07 A$3.22 A$3.39 76

Widest divergence: DCF Models (A$4.89) versus Dividend Discount (A$1.45). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$541M
Revenue growth (YoY) +4.3%
Net margin 25.6%
Return on equity 8.5%
Free cash flow A$141M FY2025
P/E ratio 11.3
More key figures
Operating margin 31.0%
EPS (TTM) A$0.3300
Dividend yield 2.4%
EPS growth (YoY) +11.3%
Net debt A$866M FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 66 · Market factors (momentum, volatility) 44

Profitability 41
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ingenia Communities Group is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors' market in Australia. Listed on the Australian Securities Exchange, the Group is included in the S&P/ASX 200 and has a market capitalization of 2 billion dollars.

Full company description

Ingenia Communities Group is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focused on the growing seniors' market in Australia. Listed on the Australian Securities Exchange, the Group is included in the S&P/ASX 200 and has a market capitalization of 2 billion dollars. Across Ingenia Lifestyle, Ingenia Gardens, Ingenia Holidays and Ingenia Rental, the Group has 100 communities and is continuing to grow through acquisition and development. Ingenia Communities Group is incorporated in 2004 in Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ingenia Communities Group reported revenue of A$529M in FY2025 versus A$296M in FY2021, a compound +15.7%/yr. Reported net income was A$128M in FY2025, compounding +15.3%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$529M
Latest YoY
+13.5%
Avg. growth/yr (3Y)
+16.1%
Avg. growth/yr (5Y)
+16.7%
Avg. growth/yr (20Y)
+28.0%
Revenue +15.7%/yr
FY21 A$296M
FY22 A$338M
FY23 A$396M
FY24 A$466M
FY25 A$529M
Net income +15.3%/yr
FY21 A$72.8M
FY22 A$101M
FY23 A$64.4M
FY24 A$14.0M
FY25 A$128M

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Cite: Fair Value Calculator (2026). "Ingenia Communities Group Fair Value". https://www.fairvalue-calculator.com/stock/INA

Peer Group

REIT - Residential · 57 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 70 · Top 25%
Fair Value upside −3% · Above median
Return on equity (TTM) 9% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 31% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.51× · Lower than 75% of peers

Valuation Multiples vs REIT - Residential median · lower = cheaper

P/E (TTM) 12.8× · Cheaper than median
P/B 0.79× · Cheaper than median
P/S (TTM) 2.32× · Cheaper than 75% of peers
P/FCF 8.9× · Cheaper than median
EV/EBITDA 12.3× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 29 · sector 1
FUTURE 22 · sector 11
PAST 34 · sector 5
HEALTH 74 · sector 61
DIVIDEND 42 · sector 75

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
AvalonBay Communities, Inc AVB $190.80 $126.12 -34%
EQR EQR $67.86 $38.10 -44%
Essex Property Trust, Inc ESS $293.46 $177.90 -39%
Invitation Homes INVH $29.78 $16.82 -44%
Mid-America Apartment Communities, Inc MAA $133.88 $65.28 -51%
Sun Communities, Inc SUI $121.83 $114.79 -6%
UDR, Inc UDR $39.59 $19.76 -50%
American Homes 4 Rent (AMH or the General Partner) AMH $33.11 $21.44 -35%
Equity LifeStyle Properties, Inc ELS $66.05 $21.27 -68%
Camden Property Trust, an S&P 500 Company CPT $113.73 $41.87 -63%

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Frequently asked questions

Is Ingenia Communities Group (INA) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of A$4.33 versus a price of A$4.48, about −3% (fairly valued).
What is the fair value of INA?
Our model-based fair value for Ingenia Communities Group is A$4.33 (as of Jul 11, 2026), built from audited fundamentals. The current price is A$4.48.
What is the quality score of INA?
Ingenia Communities Group has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Ingenia Communities Group (INA)?
Ingenia Communities Group reported trailing-twelve-month revenue of about A$541M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of INA?
The net profit margin of Ingenia Communities Group is about 25.6%, meaning it keeps roughly 25.6% of revenue as net income. Based on the latest reported figures.
Does Ingenia Communities Group pay a dividend?
Ingenia Communities Group currently shows a dividend yield of about 2.43% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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