Bunge Global S.A. (BG)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable advantages, conservatively stated earnings, and a price that leaves room for error. Bunge is a global agribusiness middleman in soybeans, softseeds, grains, and oils. Scale and logistics give it some competitive advantage, but commodity processing is inherently cyclical and capital-intensive. FairStock's rule-based category is Cyclical — Farm Products, since earnings follow the economic cycle. The filed annual numbers show that: net income fell from $2.2B in fiscal 2023 (year ended 2023-12-31) to $1.1B in fiscal 2024 (year ended 2024-12-31) and $816M in fiscal 2025 (year ended 2025-12-31), while diluted EPS dropped from $14.87 to $7.99 to $4.91. In the latest quarter, fiscal Q2 2026, revenue was $24.0B and net income $678M, a 2.82% margin. In fiscal Q1 2026, the quarter ended 2026-03-31, net income was only $68M and EPS $0.35. Financial health is mixed. FairStock puts return on equity at 7.18% and return on capital employed at 3.47%, both modest. Debt-to-equity is 0.98, FairStock's Altman Z-score is 1.66, and trailing free cash flow is -$711M. At the 2026-10-13 close of $107.56, FairStock's P/E is 23.23 and price-to-book is 1.30. FairStock's Graham Number is $93.01, so the stock trades about 15.64% above that conservative value. The 2.49% dividend yield and beta of 0.66 offer some defense. I would want a wider margin of safety, positive cash generation, and evidence that processing margins have normalized before calling this a compelling value.

In plain English: Bunge buys, processes, and trades soybeans, grains, and vegetable oils, making ingredients for food, feed, and fuel. The business provides essential products, but profits are cyclical and have fallen from fiscal 2023 to fiscal 2025, and cash flow is currently negative. At $107.56 a share, the price looks slightly expensive compared with the company's recent profits and net assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer