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Relative to Consumer Staples Sector Median (N=180)
Metric
BG
Benchmark
P/E Ratio
24.9x
-25%
EV/EBITDA
35.1x
+406%
Price / Book
1.4x
Implied Value Audit
OVERVALUED
Implied Fair Value (vs Sector)
-27.7%
$89.61Spot: $123.92
Spot
Implied
-50% Delta+50% Delta
Relative valuation derived from Consumer Staples sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
5.7%
Sector: 7.7%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, Bunge Global SA (BG) receives a "Buy" rating with a composite score of 53.0/100, ranked #52 out of 4446 stocks. Key factor scores: Quality 50/100, Value 54/100, Momentum 69/100. This is quantitative analysis only — not investment advice.
Bunge Global SA (BG) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Bunge Global SA Do?
Bunge Global SA 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, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies for biofuel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that comprise cooking oils, shortenings, margarines, mayonnaise, renewable diesel feedstocks, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. This segment also refines and fractionates palm oil, palm kernel oil, coconut oil, and shea butter, and olive oil; and produces specialty ingredients derived from vegetable oils, such as lecithin. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Global SA was founded in 1818 and is headquartered in Chesterfield, Missouri. Bunge Global SA (BG) is classified as a large-cap stock in the Consumer Staples sector, specifically within the Food Products industry. The company is led by CEO Gregory A. Heckman and employs approximately 23,000 people. With a market capitalization of $24.8B, BG is one of the prominent companies in the Consumer Staples sector.
Bunge Global SA (BG) Stock Rating — Buy (April 2026)
As of April 2026, Bunge Global SA receives a Buy rating with a composite score of 53.0/100 and 4 out of 5 stars from the Blank Capital Research quantitative model.BG ranks #52 out of 4,446 stocks in our coverage universe. Within the Consumer Staples sector, Bunge Global SA ranks #3 of 180 stocks, placing it in the top 10% of its Consumer Staples peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
BG Stock Price and 52-Week Range
Bunge Global SA (BG) currently trades at $123.92. The stock gained $0.96 (0.8%) in the most recent trading session. The 52-week high for BG is $128.46, which means the stock is currently trading -3.5% from its annual peak. The 52-week low is $68.33, putting the stock 81.4% above its annual trough. Recent trading volume was 895K shares, suggesting relatively thin trading activity.
Is BG Overvalued or Undervalued? — Valuation Analysis
Bunge Global SA (BG) carries a value factor score of 54/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 24.90x, compared to the Consumer Staples sector average of 33.11x — a discount of 25%. The price-to-book ratio stands at 1.42x, versus the sector average of 1.74x. The price-to-sales ratio is 0.41x, compared to 0.35x for the average Consumer Staples stock. On an enterprise value basis, BG trades at 35.09x EV/EBITDA, versus 6.93x for the sector.
Overall, BG's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Bunge Global SA Profitability — ROE, Margins, and Quality Score
Bunge Global SA (BG) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 5.7%, compared to the Consumer Staples sector average of 7.7%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 2.2% versus the sector average of 3.1%.
On a margin basis, Bunge Global SA reports gross margins of 5.4%, compared to 26.2% for the sector. The operating margin is 1.8% (sector: 2.9%). Net profit margin stands at 1.8%, versus 1.6% for the average Consumer Staples stock. Revenue growth is running at 67.3% on a trailing basis, compared to 3.1% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
BG Debt, Balance Sheet, and Financial Health
Bunge Global SA has a debt-to-equity ratio of 59.0%, compared to the Consumer Staples sector average of 72.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 1.61x, suggesting adequate working capital coverage. Total debt on the balance sheet is $10.17B. Cash and equivalents stand at $1.31B.
BG has a beta of 0.19, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for Bunge Global SA is 81/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
Bunge Global SA Revenue and Earnings History — Quarterly Trend
In TTM 2026, Bunge Global SA reported revenue of $59.48B and earnings per share (EPS) of $4.95. Net income for the quarter was $988M. Gross margin was 5.4%. Operating income came in at $991M.
In FY 2025, Bunge Global SA reported revenue of $70.33B and earnings per share (EPS) of $4.95. Net income for the quarter was $843M. Gross margin was 4.9%. Revenue grew 32.4% year-over-year compared to FY 2024. Operating income came in at $1.13B.
In Q3 2025, Bunge Global SA reported revenue of $22.16B and earnings per share (EPS) of $0.84. Net income for the quarter was $181M. Gross margin was 4.8%. Revenue grew 71.6% year-over-year compared to Q3 2024. Operating income came in at $184M.
In Q2 2025, Bunge Global SA reported revenue of $12.77B and earnings per share (EPS) of $2.63. Net income for the quarter was $370M. Gross margin was 5.8%. Revenue grew -3.6% year-over-year compared to Q2 2024. Operating income came in at $370M.
Over the past 8 quarters, Bunge Global SA has demonstrated a growth trajectory, with revenue expanding from $13.24B to $59.48B. Investors analyzing BG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
BG Dividend Yield and Income Analysis
Bunge Global SA (BG) does not currently pay a dividend. This is common among growth-oriented companies in the Food Products industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Staples dividend stocks may want to explore other Consumer Staples stocks or use the stock screener to filter by dividend yield.
BG Momentum and Technical Analysis Profile
Bunge Global SA (BG) has a momentum factor score of 69/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 25/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
BG vs Competitors — Consumer Staples Sector Ranking and Peer Comparison
Comparing BG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full BG vs S&P 500 (SPY) comparison to assess how Bunge Global SA stacks up against the broader market across all factor dimensions.
BG Next Earnings Date
No upcoming earnings date has been announced for Bunge Global SA (BG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy BG? — Investment Thesis Summary
The bull case for Bunge Global SA rests on several quantitative strengths. Price momentum is positive at 69/100, suggesting the trend favors buyers. Low volatility (stability score 81/100) reduces downside risk.
In summary, Bunge Global SA (BG) earns a Buy rating with a composite score of 53.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on BG stock.
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Institutional Research Dossier
Bunge Global SA (BG) Deep Dive Analysis
Published on March 24, 2026
Action RatingBuy
Sections
Executive Summary
Bunge Global SA (BG) receives a Hold rating, primarily driven by a mixed financial performance and a lack of clear catalysts for significant outperformance. While the company benefits from its scale and global presence in the agribusiness sector, its relatively low margins and inconsistent profitability, coupled with a high debt load, temper enthusiasm. The current valuation appears fair relative to its sector, but the absence of a strong economic moat and significant investment in future growth limit the upside potential.
The company's recent revenue surge is encouraging, but the corresponding net income has not kept pace, indicating potential cost pressures or operational inefficiencies. Investors should closely monitor Bunge's ability to improve its profitability and manage its debt effectively. The Hold rating reflects a balanced view of Bunge's strengths and weaknesses, suggesting that the stock is likely to perform in line with the broader market in the near term.
Business Strategy & Overview
Bunge Global SA operates as a global agribusiness and food company, participating in the entire value chain from farm to consumer. The company's business is segmented into Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment, the largest revenue contributor, focuses on sourcing, processing, and distributing agricultural commodities, primarily oilseeds and grains. This segment's profitability is heavily influenced by global commodity prices, weather patterns, and trade policies.
The Refined and Specialty Oils segment caters to the food manufacturing and foodservice industries, offering a range of packaged and bulk oils and fats. This segment benefits from relatively stable demand and higher value-added products compared to the Agribusiness segment. The Milling segment provides wheat and corn milling products, serving the baking and food processing industries. This segment's performance is tied to consumer demand for bakery and processed food products.
The Sugar and Bioenergy segment, primarily located in Brazil, produces sugar and ethanol from sugarcane. This segment is subject to the volatility of sugar and ethanol prices, as well as government regulations and policies related to biofuel mandates. Bunge's strategic positioning involves leveraging its global network and scale to optimize its supply chain and capture arbitrage opportunities across different regions and commodities. The company also focuses on developing value-added products and services to differentiate itself from competitors and improve its profitability.
Bunge's strategy also involves strategic acquisitions and divestitures to optimize its portfolio and focus on core businesses. The company has been actively investing in expanding its processing capacity and improving its operational efficiency. However, the company faces challenges in managing its exposure to commodity price volatility, geopolitical risks, and changing consumer preferences. Bunge's ability to successfully execute its strategy will depend on its ability to adapt to these challenges and capitalize on emerging opportunities in the global food and agribusiness markets.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
67.3%
Sector: 3.1%
+2041% VS SCTR
Economic Moat Analysis
Bunge's economic moat is best characterized as Narrow. While the company possesses certain advantages due to its scale and global presence, these are not sufficient to create a wide and sustainable competitive advantage. In the Agribusiness segment, Bunge benefits from its extensive network of storage and transportation infrastructure, which allows it to efficiently move commodities from producers to consumers. However, this advantage is not unique, as other large agribusiness companies, such as Archer-Daniels-Midland (ADM) and Cargill, have similar capabilities.
In the Refined and Specialty Oils segment, Bunge has some degree of product differentiation through its specialty ingredients and customized solutions for food manufacturers. However, this differentiation is not strong enough to create significant pricing power, as customers can switch to alternative suppliers or substitute products. The Milling segment is a relatively commoditized business, with limited opportunities for differentiation. Bunge's Sugar and Bioenergy segment faces intense competition from other sugar and ethanol producers, and its profitability is heavily influenced by government policies and regulations.
Bunge's scale provides some cost advantages in procurement and logistics, but these advantages are not substantial enough to create a significant barrier to entry for new competitors. The company's intangible assets, such as its brand reputation and proprietary technologies, are not particularly strong compared to other consumer staples companies. Bunge does not benefit from strong network effects or high switching costs, as customers can easily switch to alternative suppliers without incurring significant costs.
Overall, Bunge's competitive advantages are limited and not sustainable enough to create a wide economic moat. The company operates in a highly competitive industry with relatively low barriers to entry. While Bunge's scale and global presence provide some advantages, these are not sufficient to protect its profitability from competitive pressures. Therefore, the Narrow moat rating reflects the company's limited ability to generate sustainable excess returns on capital.
Financial Health & Profitability
Bunge's financial health presents a mixed picture. The company's revenue has shown significant growth, with a 67.3% increase compared to the sector average of 4.3%. However, this revenue growth has not translated into a proportional increase in net income, indicating potential cost pressures or operational inefficiencies. The company's gross margin of 5.4% is significantly lower than the sector average of 26.0%, suggesting that Bunge faces challenges in controlling its cost of goods sold.
Bunge's operating margin of 1.8% is also lower than the sector average of 3.1%, indicating that the company's operating expenses are relatively high. The company's net margin of 1.8% is slightly higher than the sector average of 1.7%, but this is primarily due to lower interest expenses and taxes. Bunge's return on equity (ROE) of 5.7% is lower than the sector average of 7.8%, indicating that the company is not generating as much profit from its equity as its peers.
Bunge's balance sheet is characterized by a high level of debt. The company's debt-to-equity ratio of 59.00 is lower than the sector average of 70.50, but it still represents a significant financial burden. The company's current ratio of 1.61 indicates that it has sufficient liquidity to meet its short-term obligations. However, the high level of debt increases the company's financial risk and limits its flexibility to invest in future growth opportunities.
Analyzing the quarterly financial history reveals a trend of declining profitability. While revenue has remained relatively stable, net income and EPS have fluctuated significantly. The gross margin and operating margin have also declined in recent quarters, indicating increasing cost pressures. The lack of free cash flow data makes it difficult to assess the company's cash flow generation capabilities. Overall, Bunge's financial health is characterized by high revenue growth, low margins, high debt, and declining profitability.
Valuation Assessment
Bunge's valuation appears to be fair relative to its sector, but not particularly compelling. The company's P/E ratio of 23.9x is lower than the sector average of 34.2x, suggesting that the stock is undervalued compared to its peers. However, this lower P/E ratio may reflect the company's lower profitability and higher financial risk. The company's EV/EBITDA ratio of 7.3x is equal to the sector average, indicating that the stock is fairly valued based on its enterprise value and earnings before interest, taxes, depreciation, and amortization.
Given the company's relatively low margins, high debt, and inconsistent profitability, a discount to the sector average P/E ratio is warranted. The company's high revenue growth rate of 67.3% is a positive factor, but this growth has not translated into a proportional increase in net income, suggesting that the company is not efficiently converting its revenue into profits. The lack of free cash flow data makes it difficult to assess the company's cash flow generation capabilities, which is a key factor in determining its intrinsic value.
Based on the available data, Bunge's stock appears to be fairly valued. The company's P/E ratio is lower than the sector average, but this is justified by its lower profitability and higher financial risk. The company's EV/EBITDA ratio is in line with the sector average, indicating that the stock is not significantly overvalued or undervalued. The absence of a strong economic moat and significant investment in future growth limit the upside potential for the stock.
A discounted cash flow (DCF) analysis would be necessary to determine the stock's intrinsic value with greater precision. However, without free cash flow data, it is difficult to perform a reliable DCF analysis. Overall, Bunge's valuation appears to be fair, but not particularly attractive. Investors should closely monitor the company's ability to improve its profitability and manage its debt effectively before considering an investment in the stock.
Risk & Uncertainty
Bunge faces several specific, idiosyncratic risks that could negatively impact its business and financial performance. One of the most significant risks is commodity price volatility. The company's Agribusiness and Sugar and Bioenergy segments are heavily exposed to fluctuations in commodity prices, which can significantly impact its revenue and profitability. Unforeseen weather events, such as droughts or floods, can also disrupt the supply of agricultural commodities and negatively affect Bunge's operations.
Another key risk is geopolitical uncertainty. Bunge operates in many countries around the world, and its business is subject to political and economic instability in these regions. Trade disputes, tariffs, and other trade barriers can also disrupt the company's supply chain and negatively affect its profitability. Changes in government regulations and policies, particularly those related to biofuel mandates and agricultural subsidies, can also have a significant impact on Bunge's business.
Competition is another significant risk. Bunge operates in a highly competitive industry with many large and well-established players. The company faces competition from other agribusiness companies, food manufacturers, and sugar and ethanol producers. Increased competition can lead to lower prices, reduced margins, and loss of market share. Bunge's high level of debt also poses a risk. The company's debt-to-equity ratio of 59.00 increases its financial risk and limits its flexibility to invest in future growth opportunities. Rising interest rates could also increase the company's borrowing costs and negatively affect its profitability.
Finally, Bunge faces risks related to environmental, social, and governance (ESG) issues. The company's operations can have a significant impact on the environment, and it faces increasing scrutiny from regulators and consumers regarding its sustainability practices. Failure to address ESG issues effectively could damage the company's reputation and negatively affect its business.
Bulls Say / Bears Say
The Bull Case
BULL VIEWBunge's strategic position in the global agricultural supply chain allows it to capitalize on increasing global demand for food and biofuels, driving long-term revenue growth.
BULL VIEWThe company's focus on value-added products and services, such as specialty oils and ingredients, will improve its profitability and reduce its reliance on commodity price volatility.
BULL VIEWBunge's commitment to sustainability and responsible sourcing will enhance its brand reputation and attract environmentally conscious consumers and investors.
The Bear Case
BEAR VIEWBunge's low margins and high debt burden make it vulnerable to commodity price fluctuations and economic downturns, limiting its ability to generate consistent profits.
BEAR VIEWThe company's lack of a strong economic moat exposes it to intense competition from other agribusiness companies, eroding its market share and pricing power.
BEAR VIEWBunge's exposure to geopolitical risks and regulatory changes in various countries creates significant uncertainty and could negatively impact its financial performance.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score BG and 4,400+ other equities.
Bunge Global SA exhibits a 95% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
2.2%
Sector: 3.1%
Gross Margin
Pricing power and cost efficiency
5.4%
Sector: 26.2%
Operating Margin
Core business profitability
1.8%
Sector: 2.9%
Net Margin
Bottom-line profitability
1.8%
Sector: 1.6%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
