Bunge Global (BG)
Consumer Staples · $19.3B market cap · SEC CIK 0001996862
ahead of 16% of the S&P 500 · #27 of 36 in Consumer Staples
Next reports on Feb 2, 2027, before the open, with analysts expecting $3.26 in earnings per share.
52-week range $88.24 to $134.87. 26% below its 52-week high and 13% above its low.
The case for BG
- Cheap for its growth: 19.2× earnings, where 14% a year of growth plus a 2.5% dividend would justify about 33×.
- Trades at 1.30× book value, close to what the balance sheet says it owns.
- Revenue up 81% on the year. A jump that size is often a deal or an accounting change, so check the filing.
- Has compounded revenue at 11.2% a year over five years.
- Moves less than the market (beta 0.69).
- Pays a modest 2.5% dividend.
The case against
- Burned $879M of free cash in FY2025.
- Earnings per share down 48.7%.
- Long-term debt of $8.8B would take 10 years of operating cash flow to repay.
- Return on equity of only 6%.
- Net margin of 1.1% leaves very little room for error.
- The price trend is weak (36/100): +6.8% over a year, −10.2% over three months, 26% below its 52-week high.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings and cash, against the growth you get | 59 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 63 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 17 |
| Momentumhow the price has behaved lately | 36 |
| Stabilityhow violently it moves, what it owes and what it pays you | 29 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
The financials
Revenue growth
Is the business growing? Yes
| Last 12 months | +80.5% |
|---|---|
| Over 5 years | +11.2% a year |
| FY2025 revenue | $70.3B (+32%) |
Free cash flow
Is it generating real cash? No, it is burning cash
| FY2025 free cash flow | −$879M |
|---|---|
| Of revenue | −1% |
| Of profit | −108% |
Profit margins
Is profitability improving? No, slipping
| Gross margin | 5% |
|---|---|
| Operating margin | 2% |
| Net margin, FY24 → FY25 → now | 2.1% → 1.2% → 1.1% |
Debt vs. cash
Is the balance sheet healthy? Stretched
| Cash | $1.1B |
|---|---|
| Long-term debt | $8.8B |
| Net debt | $7.7B |
| Years to repay | 10.5 yrs |
Valuation
Is the stock price reasonable? Mixed: cheap on earnings, dear on cash
| P/E | 19.2× |
|---|---|
| Fair P/E for its growth | 33× |
| P/FCF | no free cash flow |
| Forward P/E | 9.1× |
| EV / EBITDA | 11.8× |
At 19.2× earnings it trades well below the 33× that 14% a year of growth plus a 2.5% dividend would justify. Its free cash flow is negative, which counts against it.
The financials, five years deep
Pulled from Bunge Global's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue growth | |||||
| Revenue | $70.3B | $53.1B | $59.5B | $67.2B | $59.2B |
| Change on the year | +32% | −11% | −11% | +14% | — |
| Free cash flow | |||||
| Free cash flow | −$879M | $524M | $2.2B | −$6.1B | −$3.3B |
| Of revenue | −1% | 1% | 4% | −9% | −6% |
| Profit margins | |||||
| Gross margin | 4.8% | 6.4% | 8.1% | 5.5% | 5.7% |
| Net margin | 1.2% | 2.1% | 3.8% | 2.4% | 3.5% |
| Debt vs. cash | |||||
| Cash | $1.1B | $3.3B | $2.6B | $1.1B | $902M |
| Long-term debt | $8.8B | $4.7B | $4.1B | $3.3B | — |
| Net cash (debt) | −$7.7B | −$1.4B | −$1.5B | −$2.2B | — |
What Bunge Global says it does
Overview We are a premier agribusiness solutions company, connecting farmers to consumers and delivering essential food, feed and fuel to the world. Our dedicated employees, integrated operations and global footprint give us access to key markets and a diverse agricultural network covering major crops. These capabilities help us manage seasonal cycles, weather variability and other risks as we partner with farmers to move crops from where they are grown to where they are needed. With more than 200 years of experience and operations in more than 50 countries, we are: • a leading global oilseed processor and producer of vegetable oils and protein meal, based on processing capacity and volume; • a leading global grain merchandiser, based on volume; • a leading seller of packaged plant-based oils worldwide, based on sales; and • a leading producer and seller of wheat flours, bakery mixes and related products in South America, based on…