Financials Bunge Global SA

Equities

BG

CH1300646267

Food Processing

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
102.7 USD -1.28% Intraday chart for Bunge Global SA -6.20% +1.76%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,153 9,159 13,119 14,946 14,667 14,546 - -
Enterprise Value (EV) 1 12,827 16,095 18,181 18,493 16,947 17,239 17,738 17,715
P/E ratio -6.16 x 8.51 x 6.84 x 9.49 x 6.79 x 12 x 10.3 x 10.1 x
Yield 3.48% 3.05% 2.22% 2.31% - 2.63% 2.78% 2.88%
Capitalization / Revenue 0.2 x 0.22 x 0.22 x 0.22 x 0.25 x 0.27 x 0.26 x 0.24 x
EV / Revenue 0.31 x 0.39 x 0.31 x 0.28 x 0.28 x 0.32 x 0.31 x 0.3 x
EV / EBITDA 7.68 x 7.34 x 6.15 x 5.67 x 4.87 x 6.85 x 6.92 x 6.77 x
EV / FCF -9.59 x -4.13 x -5.52 x -3.03 x 7.75 x -60.1 x 25.9 x -
FCF Yield -10.4% -24.2% -18.1% -33% 12.9% -1.66% 3.87% -
Price to Book 1.35 x 1.57 x 1.81 x 1.53 x 1.29 x 1.25 x 1.16 x 1.12 x
Nbr of stocks (in thousands) 141,662 139,661 140,520 149,800 145,288 141,595 - -
Reference price 2 57.55 65.58 93.36 99.77 101.0 102.7 102.7 102.7
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 41,140 41,404 59,152 67,232 59,540 54,464 56,832 59,985
EBITDA 1 1,671 2,194 2,954 3,263 3,482 2,515 2,563 2,618
EBIT 1 1,123 1,759 2,530 2,855 3,031 2,062 2,078 2,078
Operating Margin 2.73% 4.25% 4.28% 4.25% 5.09% 3.79% 3.66% 3.46%
Earnings before Tax (EBT) 1 -1,199 1,390 2,466 1,999 2,965 1,826 1,655 -
Net income 1 -1,322 1,121 2,044 1,610 2,243 1,315 1,446 -
Net margin -3.21% 2.71% 3.46% 2.39% 3.77% 2.42% 2.54% -
EPS 2 -9.340 7.710 13.64 10.51 14.87 8.531 10.01 10.15
Free Cash Flow 1 -1,338 -3,901 -3,293 -6,104 2,186 -287 686 -
FCF margin -3.25% -9.42% -5.57% -9.08% 3.67% -0.53% 1.21% -
FCF Conversion (EBITDA) - - - - 62.78% - 26.76% -
FCF Conversion (Net income) - - - - 97.46% - 47.45% -
Dividend per Share 2 2.000 2.000 2.075 2.300 - 2.706 2.854 2.959
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 16,683 15,880 17,933 16,759 16,660 15,328 15,049 14,227 14,936 13,417 13,628 13,638 14,441 14,278 14,610
EBITDA 1 787 902 725 792 843 797 929 785 971 788 493.7 578.5 681.1 679.3 657.8
EBIT 1 680 800 623 691 740 695 823 676 837 676 385.9 462.6 568.7 559.2 523
Operating Margin 4.08% 5.04% 3.47% 4.12% 4.44% 4.53% 5.47% 4.75% 5.6% 5.04% 2.83% 3.39% 3.94% 3.92% 3.58%
Earnings before Tax (EBT) 1 287 791 241 495 471 817 823 489 836 367 317.5 394.9 504.8 484.3 418.9
Net income 1 222 688 206 380 336 632 622 373 616 244 269.2 313.2 390.6 376 327.5
Net margin 1.33% 4.33% 1.15% 2.27% 2.02% 4.12% 4.13% 2.62% 4.12% 1.82% 1.98% 2.3% 2.71% 2.63% 2.24%
EPS 2 1.520 4.480 1.340 2.490 2.210 4.150 4.090 2.470 4.180 1.680 1.745 2.082 2.652 2.650 2.320
Dividend per Share 2 0.5250 0.5250 0.5250 0.6250 0.6250 0.6250 0.6625 - - - 0.6729 0.6905 0.6905 0.6858 0.6891
Announcement Date 2/9/22 4/27/22 7/27/22 10/26/22 2/8/23 5/3/23 8/2/23 10/26/23 2/7/24 4/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,674 6,936 5,062 3,547 2,280 2,693 3,192 3,169
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.797 x 3.161 x 1.714 x 1.087 x 0.6548 x 1.071 x 1.246 x 1.21 x
Free Cash Flow 1 -1,338 -3,901 -3,293 -6,104 2,186 -287 686 -
ROE (net income / shareholders' equity) 11.1% 18.3% 29.1% 18.1% 20.6% 11.8% 11.6% 11.3%
ROA (Net income/ Total Assets) 3.65% 5.34% 8.62% 6.65% - 5.1% 5.38% -
Assets 1 -36,191 20,986 23,721 24,200 - 25,787 26,865 -
Book Value Per Share 2 42.80 41.60 51.50 65.10 78.20 82.00 88.60 91.50
Cash Flow per Share 2 -5.770 -23.60 -19.00 -36.50 21.90 12.90 12.20 10.40
Capex 1 524 365 399 555 1,122 1,310 1,176 807
Capex / Sales 1.27% 0.88% 0.67% 0.83% 1.88% 2.41% 2.07% 1.34%
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
102.7 USD
Average target price
117 USD
Spread / Average Target
+13.88%
Consensus
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