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Vol. II · No. 263Sunday, 20 September 2026
TTitan Protect
The Screen · Consumer Defensive · Packaged Foods

Darling Ingredients Inc. logoDarling Ingredients Inc.

DAR · the NYSE · USD · Market cap $10.3B · 15,000 employees

Darling Ingredients Inc.

FAIL · Does not pass the screen
65.11 USD

At the last full screen
2026-09-11

Screened 2026-09-11 · the tape above runs as of 21:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed

The Label · The Season, Not the Day

This name holds its markdown label.

Darling Ingredients Inc. holds its Markdown at $65.11. Consolidating, no directional conviction, held for 5 days.

As held on the ledger · 2026-09-11
PhaseMarkdown · caution
Quantitative stateConsolidating, no directional conviction, held for 5 days
Price at the screen$65.11
Valuation17.50 trailing · 10.37 forward price to earnings
Values screenFAIL · score 70.0
Beta1.03
The Workings

Five Screens, Shown in Full

Does not pass. Debt ratio

TestFigureLimitWhat it meansStatus
Business activity Permissible Core business clean Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
Debt load 40.41% Below 33% Interest-bearing debt is 40.4% of its assets, above the one-third ceiling the screen allows. Fail
Interest-bearing cash 0.00% Below 33% Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit. Pass
Receivables 7.11% Below 49% Money owed to the company is 7.1% of assets, under the 49% limit. Pass
Revenue purity 0.00% Below 5% Only 0.0% of revenue comes from non-compliant sources, under the 5% line. Pass

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

What the Numbers Say It Is Worth

The Fair Value Range

90.00Conservative90.00Base case130.22Growth case 65.11Price

Fair value range in USD, drawn from the 2026-09-11 screen. The gold marker is the market price at the same screen. A 38.2% margin of safety to the base estimate.

The Street's Range
65.00Street low 80.00Street average 90.00Street high 65.11Price

Third-party analyst targets: 12 covering, consensus Strong Buy. The average target sits +23% from the screen price.

Reading the gap · Both our model and the analysts see meaningful upside from here.

Price History & Projections
$94.6$61.3$27.9TODAY5y agoPROJECTIONConservative$90.00 +53%Our fair value$90.00 +53%Street high$90.00 +53%Street avg$80.00 +36%

Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-11 screen.

Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.

The Business, in Plain Words

Turning slaughterhouse waste into animal feed

Picture every steakhouse and abattoir sending its scraps to a plant that turns them into protein for livestock and biofuels. Darling Ingredients does exactly that across North America and beyond, lifting revenue 12 percent last year while clearing an ethical screen. Yet we pass. A forward multiple of 12.3 times and a 35 percent gap to our fair value of 85 dollars look attractive on paper, but 4 percent profit margins and 5 percent return on equity show thin value creation in a commodity-linked trade.

The unknown moat leaves the business exposed to feed-price swings and regulatory shifts on animal by-products. Even with twelve analysts calling it a strong buy at a 75-dollar median target, low returns on capital point to a business that rarely compounds at an attractive rate.

Analysis, not advice.

The fundamentals · plain-English read
Forward P/E10.4xcheap for a company growing this fast
Trailing P/E17.5xreasonably valued
EPS, trailing3.72
EPS, forward6.28
Revenue growth+16.4%steady growth
Profit margin9.1%thin but positive margins
Return on equity12.1%a solid return on shareholder capital
FCF yield2.14%
Debt to equity0.79moderate, manageable leverage
Current ratio1.57healthy short-term liquidity
Beta1.03moves a little more than the market
Short interest, float0.05%
52-week range29.15 - 69.98
Market cap$10.3B
Employees15,000

The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & How to Trade

DAR trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-08-26 Markup · changed $62.58 -0.8% Entry 5

The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 36% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 81%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (12 analysts) rates it strong buy, with a mean price target of $76. Insiders have been net sellers over the past quarter.

2026-07-26 Accumulation · changed $63.10 +10.7% Entry 4

The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 10.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 36% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 81%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (12 analysts) rates it strong buy, with a mean price target of $76.

2026-07-18 Markdown $56.99 +0.0% Entry 3

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 36% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 81%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (12 analysts) rates it strong buy, with a mean price target of $76.

2026-07-03 Markdown $56.99 +0.0% Entry 2

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markdown $56.99 Entry 1

The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

Related Securities · Others in DAR's Space

Screened names in the same industry · explore each on its own page.

The Insider Ledger · Form 4 Filings, As Filed
Most recent filings · DAR
DateInsiderTitleTypeSharesValue
2026-08-14 McNutt Patrick EVP Chief Admin Officer S - Sale 8,000 $536,720

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The Political Ledger · Congressional Disclosures
Disclosures naming DAR
DatePoliticianPartyTypeAmount
2026-05-15 Ro Khanna Democrat buy 1K–15K
2026-04-09 Josh Gottheimer Democrat Sale 15K–50K
2026-04-09 Josh Gottheimer Democrat sell 15K–50K
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $63.82 -7.8% · $922 -7.8%
2 months $61.27 -4.0% · $961 -4.0%
3 months $56.33 +4.5% · $1,045 +4.5%
6 months $36.79 +60.0% · $1,600 +60.0%
1 year $32.51 +81.0% · $1,810 +81.0%
2 years $37.89 +55.3% · $1,553 +55.3%
3 years $63.09 -6.7% · $933 -6.7%
5 years $71.88 -18.1% · $819 -18.1%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever DAR does next, these words stay.

Darling Ingredients Inc. · DAR · Markdown · $65.11
Recorded 2026-09-11 · before the outcome · scored mechanically

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Screening is research, not a fatwa and not financial advice. Figures are drawn from public accounts at the screen date shown. Always manage your risk.

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