DARLING INGREDIENTS INC. (DAR)

Fats & Oils

Latest Price

$66.54

TTM P/E

Normalized P/E

21.46

Div Yield

Book Value

33.07

P/B Ratio

2.01

Valuation metrics

EPS: $0.39

Book value / share: $29.58

Formula: √(22.5 × EPS × BVPS)

Graham Number

$16.11

76% downside

Norm. op. income: $472M (median of 6yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$1.39

98% downside

Base FCF: $422M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$172.74

+160% upside

EPS: $0.39

Target P/E: 21×

Formula: EPS × P/E

P/E Fair Value

$8.19

88% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	15.59M	$851.0M	9.83%	+439.8K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	8.35M	$456.0M	5.27%	+1.01M	2026-06-30
DIMENSIONAL FUND ADVISORS LP	8.22M	$448.0M	5.18%	+150.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	7.19M	$392.0M	4.54%	+69.3K	2026-06-30
STATE STREET CORP	5.70M	$311.0M	3.60%	+246.0K	2026-06-30
CITADEL ADVISORS LLC	4.46M	$243.0M	2.81%	+1.08M	2026-06-30
EARNEST PARTNERS LLC	4.08M	$222.0M	2.57%	-120.0K	2026-06-30
AQR CAPITAL MANAGEMENT LLC	3.96M	$211.0M	2.50%	+248.3K	2026-06-30
FMR LLC	3.76M	$205.0M	2.37%	-629.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	3.46M	$189.0M	2.18%	+529.6K	2026-06-30