A Business at a Glance
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Bunge Global SA
BG
$20.2B
Mkt Cap
$121.53
-0.63%
Bunge Global SA (BG) has a current P/E ratio of 24.8, compared to its historical median P/E of 9.0. The stock is currently considered Expensive based on its historical valuation range.
Bunge Global SA (BG) has a 5-year average return on invested capital (ROIC) of 20.2%. This indicates strong capital allocation and a potential competitive advantage.
Bunge Global SA (BG) has a market capitalization of $23.8B. It is classified as a large-cap stock.
Yes, Bunge Global SA (BG) pays a dividend with a trailing twelve-month yield of 2.12%. The company also returns capital through share buybacks, with a buyback yield of 2.32%.
Based on historical P/E analysis, Bunge Global SA (BG) appears expensive. The current P/E of 24.8 is 175% above its historical median of 9.0. The estimated fair value CAGR (P/E method) is -0.3%.
Bunge Global SA (BG) operates in the Fats & Oils industry, within the Consumer Defensive sector.
Bunge Global SA (BG) reported annual revenue of $70.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Bunge Global is a premier agribusiness solutions company with more than 200 years of history and operations in over 50 countries, connecting farmers to consumers across food, feed, and fuel value chains. The company operates through four reportable segments: Soybean Processing and Refining (47% capacity in South America, 25% North America, 15% Asia-Pacific, 13% Europe), Softseed Processing and Refining (53% Europe, 30% North America, 13% South America, 4% Asia-Pacific), Other Oilseeds Processing and Refining (specialty oils, tropical oils, and soy protein concentrates with B2B and B2C offerings including an 80% stake in the Loders joint venture), and Grain Merchandising and Milling (corn, wheat, barley, cotton, pulses, and sugar with milling operations primarily in South America). The company processes soybeans, softseeds, and other oilseeds into protein meals and vegetable oils for food, animal feed, and biofuel industries; produces packaged plant-based oils and wheat flours; and provides financial services, trade structured finance, and risk management services to support its value chains. Bunge's competitive position is built on its integrated global operations, extensive logistics network including owned or operated port terminals, direct farmer relationships with financing capabilities particularly in Brazil, and diversified geographic footprint that enables it to manage seasonal cycles and weather variability while serving major customers including animal feed manufacturers, livestock producers, biofuel companies, food processors, and retailers across multiple regions.
【Integration and synergy realization】 Management expects meaningful cost synergy capture in 2026 following the July 2025 Viterra acquisition, with approximately $190 million of realized synergies anticipated for the year and a run rate of around $220 million by year-end, ahead of the originally projected $175 million for the second full year post-acquisition. The company is advancing large greenfield projects including the Morristown facility (operational as of Q4 2025), Destrehan operations (expected mid-2026), and specialty oil expansion, which are expected to contribute more meaningfully beginning in 2027 as capacity utilization ramps. Management remains focused on navigating macroeconomic and geopolitical uncertainty while leveraging its balanced footprint and diversified value chains, with capital allocation priorities including sustaining capex, growth investments, dividends, and share buybacks, while also targeting improved leverage ratios by year-end 2026.
| Metric | Target | Period |
|---|---|---|
| Adjusted EPS | $9.00–$9.50 | FY2026 |
| Adjusted annual effective tax rate | 22%–26% | FY2026 |
| Net interest expense | $620 million–$660 million | FY2026 |
| Capital expenditures | $1.5 billion–$1.7 billion | FY2026 |
| Depreciation and amortization | approximately $975 million | FY2026 |
Adjusted EPS (FY2026): “we are increasing our full-year adjusted EPS guidance range to $9.00-$9.50, and that's up from the $7.50-$8.00 we provided on our fourth quarter call”
Adjusted annual effective tax rate (FY2026): “An adjusted annual effective tax rate in the range of 22%-26%, which is down slightly from our previous expectation of 23%-27%”
Net interest expense (FY2026): “Net interest expense in the range of $620 million-$660 million, which is up from a previous range of $575 million-$625 million, primarily due to higher short-term debt levels supporting an expected increase in working capital”
Capital expenditures (FY2026): “Capital expenditures in the range of $1.5 billion-$1.7 billion and depreciation and amortization of approximately $975 million”
Depreciation and amortization (FY2026): “Capital expenditures in the range of $1.5 billion-$1.7 billion and depreciation and amortization of approximately $975 million”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 80.5B | 70.3B | 53.1B | 59.5B | 67.2B | 59.2B |
| Net Income | 683M | 816M | 1.1B | 2.2B | 1.6B | 2.0B |
| EPS | $4.59 | $4.91 | $7.99 | $14.87 | $10.51 | $13.64 |
| Free Cash Flow | -1.2B | -879M | 524M | 2.2B | -6.1B | -3.3B |
| ROIC | 0.0% | 6.4% | 11.9% | 20.7% | 21.6% | 40.3% |
| Gross Margin | 4.4% | 4.8% | 6.4% | 8.1% | 5.5% | 5.7% |
| Debt/Equity | 0.91 | 0.88 | 0.63 | 0.45 | 0.50 | -0.15 |
| Dividends/Share | $2.57 | $2.80 | $2.72 | $2.61 | $2.40 | $2.08 |
| Operating Income | 0 | 1.7B | 1.9B | 3.5B | 2.4B | 2.7B |
| Operating Margin | 0.0% | 2.5% | 3.7% | 5.8% | 3.6% | 4.5% |
| ROE | 4.3% | 6.3% | 11.0% | 22.3% | 18.9% | 29.1% |
| Shares Outstanding | 196M | 166M | 142M | 151M | 153M | 150M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 59.2B | 67.2B | 59.5B | 53.1B | 70.3B | 80.5B |
| Gross Margin | 5.7% | 5.5% | 8.1% | 6.4% | 4.8% | 4.4% |
| R&D | 33M | 33M | 35M | 30M | 28M | 28M |
| SG&A | 1.2B | 1.4B | 1.7B | 1.8B | 2.1B | 2.3B |
| EBIT | 2.7B | 2.4B | 3.5B | 1.9B | 1.7B | 0 |
| Op. Margin | 4.5% | 3.6% | 5.8% | 3.7% | 2.5% | 0.0% |
| Net Income | 2.0B | 1.6B | 2.2B | 1.1B | 816M | 683M |
| Net Margin | 3.5% | 2.4% | 3.8% | 2.1% | 1.2% | 0.8% |
| Non-Recurring | 226M | 0 | 4.0M | 205M | 160M | 160M |
| Returns on Capital | ||||||
| ROIC | 40.3% | 21.6% | 20.7% | 11.9% | 6.4% | 0.0% |
| ROE | 29.1% | 18.9% | 22.3% | 11.0% | 6.3% | 4.3% |
| ROA | 8.6% | 6.7% | 9.0% | 4.5% | 2.4% | 1.4% |
| Cash Flow | ||||||
| Op. Cash Flow | -2.9B | -5.5B | 3.3B | 1.9B | 844M | 588M |
| Free Cash Flow | -3.3B | -6.1B | 2.2B | 524M | -879M | -1.2B |
| Owner Earnings | -3.4B | -6.0B | 2.8B | 1.4B | 55M | -323M |
| CapEx | 399M | 555M | 1.1B | 1.4B | 1.7B | 1.7B |
| Maint. CapEx | 424M | 408M | 451M | 468M | 703M | 821M |
| Growth CapEx | 0 | 147M | 671M | 908M | 1.0B | 928M |
| D&A | 424M | 408M | 451M | 468M | 703M | 821M |
| CapEx/OCF | N/A | N/A | 33.9% | 72.4% | 204.1% | 297.4% |
| Capital Allocation | ||||||
| Dividends Paid | 289M | 349M | 383M | 378M | 459M | 504M |
| Dividend Yield | N/A | 2.5% | 2.7% | 2.9% | 3.5% | 2.1% |
| Share Buybacks | 100M | 200M | 600M | 1.1B | 551M | 551M |
| Buyback Yield | 0.0% | 1.4% | 4.2% | 10.3% | 3.7% | 2.3% |
| Stock-Based Comp | 118M | 50M | 69M | 65M | 86M | 90M |
| Debt Repayment | 4.0M | 1.0B | 1.2B | 753M | 2.4B | 2.4B |
| Balance Sheet | ||||||
| Net Debt | -2.4B | 3.4B | 2.2B | 2.4B | 12.1B | 13.0B |
| Cash & Equiv. | 902M | 1.1B | 2.6B | 3.3B | 1.1B | 1.6B |
| Long-Term Debt | 1.0B | 3.3B | 4.1B | 4.7B | 8.8B | 9.9B |
| Debt/Equity | -0.15 | 0.50 | 0.45 | 0.63 | 0.88 | 0.91 |
| Interest Coverage | 11.0 | 6.0 | 6.7 | 4.1 | 2.8 | 2.8 |
| Equity | 7.8B | 9.2B | 10.9B | 9.9B | 15.9B | 16.0B |
| Total Assets | 23.8B | 24.6B | 25.4B | 24.9B | 44.5B | 47.6B |
| Total Liabilities | 1.6B | 14.6B | 13.6B | 14.0B | 27.2B | 1.0B |
| Intangibles | N/A | 360M | 398M | 321M | 309M | 304M |
| Retained Earnings | N/A | 10.2B | 12.1B | 12.8B | 13.2B | 13.2B |
| Working Capital | N/A | 7.2B | 8.7B | 8.5B | 9.3B | 10.2B |
| Current Assets | N/A | 16.8B | 16.4B | 16.0B | 24.4B | 27.1B |
| Current Liabilities | N/A | 9.6B | 7.7B | 7.4B | 15.1B | 16.9B |
| Per Share Data | ||||||
| EPS | 13.64 | 10.51 | 14.87 | 7.99 | 4.91 | 4.59 |
| Owner EPS | -22.93 | -39.21 | 18.48 | 9.61 | 0.33 | -1.65 |
| Book Value | 52.22 | 60.21 | 71.94 | 69.66 | 95.70 | 81.97 |
| Cash Flow/Share | -19.31 | -36.22 | 21.93 | 13.35 | 5.08 | 7.68 |
| Dividends/Share | 2.08 | 2.40 | 2.61 | 2.72 | 2.80 | 2.57 |
| Shares Out. | 149.9M | 153.2M | 150.8M | 142.3M | 166.2M | 195.7M |
| Valuation | ||||||
| P/E Ratio | N/A | 8.6 | 6.4 | 9.4 | 18.0 | 26.5 |
| P/FCF | N/A | N/A | 6.5 | 20.4 | N/A | N/A |
| EV/EBIT | N/A | 6.8 | 108.4 | 23.3 | 91.7 | N/A |
| Price/Book | N/A | 1.5 | 1.3 | 1.1 | 0.9 | 1.5 |
| Price/Sales | N/A | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
| FCF Yield | N/A | -44.0% | 15.3% | 4.9% | -6.0% | -4.9% |
| Market Cap | 0 | 13.9B | 14.3B | 10.7B | 14.7B | 23.8B |
| Avg. Price | 0.00 | 90.30 | 93.26 | 92.13 | 79.74 | 121.53 |
| Year-End Price | 0.00 | 90.56 | 94.88 | 75.00 | 88.57 | 121.53 |
Bunge Global SA passes 3 of 9 quality checks, indicating weak fundamentals.
Bunge Global SA trades at 24.8x trailing earnings, compared to its 15-year median P/E of 9.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 20.2% with a gross margin of 6.1%. Total shareholder yield (dividends + buybacks) is 4.4%. At current prices, the estimated annualized return to fair value is -12.9%.
Bunge Global SA (BG) has a net profit margin of 1.2%. This is a modest margin.
Bunge Global SA (BG) generated $-879 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Bunge Global SA (BG) has a debt-to-equity ratio of 0.88. This indicates moderate leverage.
Bunge Global SA (BG) reported earnings per share (EPS) of $4.91 in its most recent fiscal year.
Bunge Global SA (BG) has a return on equity (ROE) of 6.3%. This indicates moderate shareholder returns.
Bunge Global SA (BG) has a 5-year average gross margin of 6.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for Bunge Global SA (BG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Bunge Global SA (BG) has a book value per share of $95.70, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects meaningful cost synergy capture in 2026 following the July 2025 Viterra acquisition, with approximately $190 million of realized synergies anticipated for the year and a run rate of around $220 million by year-end, ahead of the originally projected $175 million for the second full year post-acquisition. The company is advancing large greenfield projects including the Morristown facility (operational as of Q4 2025), Destrehan operations (expected mid-2026), and specialty oil expansion, which are expected to contribute more meaningfully beginning in 2027 as capacity utilization ramps. Management remains focused on navigating macroeconomic and geopolitical uncertainty while leveraging its balanced footprint and diversified value chains, with capital allocation priorities including sustaining capex, growth investments, dividends, and share buybacks, while also targeting improved leverage ratios by year-end 2026.
Based on recent SEC filings and earnings calls, Bunge Global SA (BG) has provided the following forward guidance: Adjusted EPS: $9.00–$9.50 (FY2026); Adjusted annual effective tax rate: 22%–26% (FY2026); Net interest expense: $620 million–$660 million (FY2026); Capital expenditures: $1.5 billion–$1.7 billion (FY2026); Depreciation and amortization: approximately $975 million (FY2026).