Bunge Global Sa (BG)
NYSE:BG
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Bunge Global
(NYSE:BG)
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Rating:65Neutral
Price Target:
$137.00
▲(7.75% Upside)
Action:ReiteratedDate:04/02/26
The score is anchored by mixed financial performance: strong 2025 revenue recovery and positive free cash flow are offset by materially compressed margins and a sharp step-up in leverage. Technicals are a key positive with the stock trading above major moving averages and supportive momentum signals. Guidance and synergy execution commentary are constructive, but a back-half weighted outlook, policy uncertainty, and higher interest costs temper the overall rating, while valuation appears reasonable but not notably cheap.
Positive Factors
Enhanced global scale and origination footprint
Completing the Viterra deal materially enlarges Bunge's origination, processing and logistics network. That scale and improved coordination create durable competitive advantages in sourcing and merchandising, supporting longer-term margin capture and market share across origin-to-destination supply chains.
Negative Factors
Material leverage step-up from acquisition
The near-doubling of debt materially reduces balance-sheet flexibility and increases funding cost sensitivity. Higher leverage constrains optionality for aggressive investments, raises refinancing and covenant risks if commodity cycles or integration headwinds persist, and amplifies interest cost exposure.
Read all positive and negative factors
Positive Factors
Negative Factors
Enhanced global scale and origination footprint
Completing the Viterra deal materially enlarges Bunge's origination, processing and logistics network. That scale and improved coordination create durable competitive advantages in sourcing and merchandising, supporting longer-term margin capture and market share across origin-to-destination supply chains.
Read all positive factors
Bunge Global (BG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.98B
Dividend Yield3.14%
Average Volume (3M)1.88M
Price to Earnings (P/E)18.1
Beta (1Y)0.19
Revenue Growth10.29%
EPS Growth17.32%
CountryUS
Employees34,000
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)1.99
Shares Outstanding193,509,080
10 Day Avg. Volume1,457,024
30 Day Avg. Volume1,881,485
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)0.85
Price to Sales (P/S)0.21
P/FCF Ratio-16.02
Enterprise Value/Market Cap1.66
Enterprise Value/Revenue0.57
Enterprise Value/Gross Profit11.67
Enterprise Value/Ebitda16.14
Forecast
1Y Price Target
$137.00Price Target Upside7.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)8.13
Revenue Forecast (FY)$93.34B
Bunge Global Business Overview & Revenue Model
Company Description
Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes,...
How the Company Makes Money
Bunge primarily makes money by buying agricultural commodities (notably oilseeds such as soybeans and other grains), transforming and moving them through its network, and selling processed and merchandised products to end markets. A major revenue ...
Bunge Global Key Performance Indicators (KPIs)
Bunge Global Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call described strong strategic progress — completion of the Viterra combination, significant adjusted EBIT growth, ahead-of-plan synergies, solid cash generation and liquidity, and a constructive multi-year outlook — but was tempered by a steep drop in reported EPS driven by one-time notable items and mark-to-market timing, modest adjusted EPS decline, a light Q1 cadence, and meaningful policy uncertainty (notably U.S. RVO/biofuel). Overall the company presented durable operational improvements and financial flexibility while acknowledging near-term timing and policy headwinds.Positive Updates
Completion and Integration of Viterra
Major milestone reached with completion of the Viterra combination; integration delivering increased connectivity, expanded origination/processing footprint, and improved coordination across origin and destination — management expects durable, compounding benefits and will provide further details at Investor Day (March 10).
Negative Updates
Large decline in reported EPS
Reported Q4 EPS was $0.49 versus $4.36 in Q4 2024, a drop of ~$3.87 per share (~-88.7%). Management attributed much of the decline to an unfavorable mark-to-market timing difference of $0.55 per share and notable items (~$0.95) including U.S. defined benefit pension settlement, Viterra integration costs, and an impairment.
Read all updates
Q4-2025 Updates
Positive
Negative
Completion and Integration of Viterra
Major milestone reached with completion of the Viterra combination; integration delivering increased connectivity, expanded origination/processing footprint, and improved coordination across origin and destination — management expects durable, compounding benefits and will provide further details at Investor Day (March 10).
Read all positive updates
Company Guidance
Bunge guided full-year 2026 adjusted EPS of $7.50–$8.00, saying the outlook is based on current forward curves (no assumed RVO change) and expects a back‑half weighting roughly 30%/70% (with Q1 light and a ~35%/65% Q1/Q2 split for the first half); key planning metrics include an adjusted annual effective tax rate of 23%–27%, net interest expense of $575–$620 million, capital expenditures of $1.5–$1.7 billion, and depreciation & amortization of ~ $975 million. Management baked about $190 million of realized synergies into 2026 (>$70M realized in 2025, ~ $220M run‑rate by year‑end), and referenced prior-year operating cash/returns: adjusted funds from operations of just over $1.7 billion, sustaining CapEx of $485 million, discretionary cash flow of ~$1.25 billion, $459 million of dividends, $1.2 billion of growth/productivity CapEx, ~$1.2 billion of asset sale proceeds, 6.7 million shares repurchased for $551 million, $173 million retained cash flow, year‑end net debt excluding RMI of ~ $700 million, adjusted leverage ~1.9x, committed credit facilities of ~$9.7 billion with ~$9.0 billion unused, and trailing‑12‑month adjusted ROIC of 8.1% (ROIC 6.9%; adjusted ROIC w/ projects/excess cash ~9.3%, ROIC ~7.5%).Bunge Global Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
54
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 70.33B | 53.11B | 59.54B | 67.23B | 59.15B |
| Gross Profit | 3.41B | 3.39B | 4.84B | 3.68B | 3.36B |
| EBITDA | 2.46B | 2.46B | 4.02B | 2.88B | 3.23B |
| Net Income | 816.00M | 1.14B | 2.24B | 1.61B | 2.08B |
Balance Sheet | |||||
| Total Assets | 44.53B | 24.90B | 25.37B | 24.58B | 23.82B |
| Cash, Cash Equivalents and Short-Term Investments | 1.34B | 3.79B | 2.71B | 1.22B | 1.42B |
| Total Debt | 16.95B | 7.12B | 5.76B | 5.62B | 6.82B |
| Total Liabilities | 27.11B | 13.95B | 13.56B | 14.62B | 15.61B |
| Stockholders Equity | 17.37B | 9.91B | 10.85B | 9.22B | 7.67B |
Cash Flow | |||||
| Free Cash Flow | -923.00M | 524.00M | 2.19B | -6.10B | -3.29B |
| Operating Cash Flow | 800.00M | 1.90B | 3.31B | -5.55B | -2.89B |
| Investing Cash Flow | -5.04B | -1.11B | -1.01B | 6.50B | 5.11B |
| Financing Cash Flow | 2.07B | -90.00M | -856.00M | -769.00M | -1.63B |
Bunge Global Technical Analysis
Neutral
127.15
Price Trends
121.21
Positive
108.74
Positive
95.55
Positive
Market Momentum
1.95
Positive
48.09
Neutral
45.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BG, the sentiment is Neutral. The current price of 127.15 is above the 20-day moving average (MA) of 125.30, above the 50-day MA of 121.21, and above the 200-day MA of 95.55, indicating a neutral trend. The MACD of 1.95 indicates Positive momentum. The RSI at 48.09 is Neutral, neither overbought nor oversold. The STOCH value of 45.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BG.
Bunge Global Risk Analysis
Bunge Global disclosed 29 risk factors in its most recent earnings report. Bunge Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Bunge Global Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.59B | 20.41 | 26.11% | 10.53% | 65.80% | 197.95% | |
75 Outperform | $11.50B | 8.98 | 15.31% | 4.44% | ― | ― | |
72 Outperform | $2.03B | 18.92 | 4.53% | 3.34% | 1.11% | 414.23% | |
66 Neutral | $33.60B | 25.81 | 4.80% | 3.55% | -4.31% | -29.96% | |
65 Neutral | $23.98B | 18.12 | 5.98% | 3.14% | 10.29% | 17.32% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $22.65B | 59.42 | 1.10% | 3.48% | 2.12% | -40.75% |
* Consumer Defensive Sector Average
BG
Bunge Global
123.92
49.16
65.75%
ADM
Archer Daniels Midland
69.73
24.88
55.48%
CALM
Cal-Maine Foods
75.83
-15.03
-16.55%
FDP
Fresh Del Monte Produce
41.94
11.46
37.62%
TSN
Tyson Foods
65.64
6.17
10.38%
SFD
Smithfield Foods
29.22
10.17
53.36%
Bunge Global Corporate Events
Business Operations and StrategyExecutive/Board Changes
Bunge Global Launches Executive Incentive Tied to Viterra Integration
Positive
Apr 1, 2026
On March 26, 2026, Bunge Global SA’s board approved a special, one-time Executive Integration Incentive Program granting performance-based restricted stock units to senior officers, including CEO Gregory Heckman and other named executives. T...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Bunge Global Raises $1.2 Billion Through Senior Notes
Positive
Mar 19, 2026
On March 17, 2026, Bunge Limited Finance Corp., a wholly owned subsidiary of Bunge Global SA, completed the sale and issuance of $1.2 billion in senior unsecured notes, split between $500 million of 4.800% notes due 2033 and $700 million of 5.150%...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Bunge Global Completes Acquisition of Viterra Limited
Neutral
Mar 17, 2026
On July 2, 2025, Bunge Global SA completed its previously announced stock-and-cash acquisition of Viterra Limited from a shareholder group that included affiliates of Glencore, Canada Pension Plan Investment Board, and British Columbia Investment ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.