Bunge
Bunge Limited operates as an agribusiness and food company worldwide. The last earnings update was 75 days ago. More info.
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BG Share Price and Events
7 Day Returns
1 Year Returns
BG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Bunge (BG) | -0.8% | -2.1% | 9.9% | -16.7% | -8.2% | -24.1% |
| US Food | 0.6% | 0.7% | 2.9% | 1.8% | -16.1% | 22.3% |
| US Market | -1.2% | 0.8% | 0.9% | 3.3% | 35.9% | 41.7% |
1 Year Return vs Industry and Market
- BG underperformed the Food industry which returned 1.8% over the past year.
- BG underperformed the Market in United States of America which returned 3.3% over the past year.
BG Value
Is Bunge undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Bunge
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Bunge.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Food Unlevered Beta | Simply Wall St/ S&P Global | 0.56 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (86.97%)) |
0.968 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.968 * 5.96%) |
8.5% |
Discounted Cash Flow Calculation for NYSE:BG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Bunge is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.5%) |
|
|---|---|---|---|
| 2020 | 572.33 | Analyst x3 | 527.49 |
| 2021 | 663.00 | Analyst x1 | 563.18 |
| 2022 | 736.60 | Est @ 11.1% | 576.68 |
| 2023 | 799.87 | Est @ 8.59% | 577.15 |
| 2024 | 854.52 | Est @ 6.83% | 568.28 |
| 2025 | 902.38 | Est @ 5.6% | 553.09 |
| 2026 | 945.15 | Est @ 4.74% | 533.92 |
| 2027 | 984.25 | Est @ 4.14% | 512.45 |
| 2028 | 1,020.82 | Est @ 3.71% | 489.84 |
| 2029 | 1,055.72 | Est @ 3.42% | 466.90 |
| Present value of next 10 years cash flows | $5,368.98 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $1,055.72 × (1 + 2.73%) ÷ (8.5% – 2.73%) |
$18,794.10 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $18,794.10 ÷ (1 + 8.5%)10 |
$8,311.85 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $5,368.98 + $8,311.85 |
$13,680.83 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $13,680.83 / 141.47 |
$96.71 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $96.71 |
| Current discount | Discount to share price of
$56.34
= -1 x ($56.34 - $96.71) / $96.71 |
41.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Bunge's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Bunge's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Bunge's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Bunge's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.03 |
| NYSE:BG Share Price ** | NYSE (2019-07-22) in USD | $56.34 |
| United States of America Food Industry PE Ratio | Median Figure of 42 Publicly-Listed Food Companies | 26.09x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.86x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Bunge.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:BG Share Price ÷ EPS (both in USD) = 56.34 ÷ 2.03 |
27.7x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bunge is overvalued based on earnings compared to the US Food industry average.
- Bunge is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Bunge's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 27.7x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
37.3%per year |
| United States of America Food Industry PEG Ratio | Median Figure of 31 Publicly-Listed Food Companies | 1.98x |
| United States of America Market PEG Ratio | Median Figure of 2,119 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 27.7x ÷ 37.3% |
0.74x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bunge is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Bunge's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $38.24 |
| NYSE:BG Share Price * | NYSE (2019-07-22) in USD | $56.34 |
| United States of America Food Industry PB Ratio | Median Figure of 68 Publicly-Listed Food Companies | 1.98x |
| United States of America Market PB Ratio | Median Figure of 5,248 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:BG Share Price ÷ Book Value per Share (both in USD) = 56.34 ÷ 38.24 |
1.47x |
* Primary Listing of Bunge.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Bunge is good value based on assets compared to the US Food industry average.
Value checks
We assess Bunge's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) Bunge has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
BG Future Performance
How is Bunge expected to perform in the next 1 to 3 years based on estimates from 7 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Bunge's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Bunge's earnings growth is expected to exceed the United States of America market average.
- Bunge's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:BG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | 37.3% |
| NYSE:BG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 1.7% |
| United States of America Food Industry Earnings Growth Rate | Market Cap Weighted Average | 22% |
| United States of America Food Industry Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 47,252 | 1,031 | 4 | |
| 2020-12-31 | 47,103 | 1,066 | 558 | 7 |
| 2019-12-31 | 45,945 | 1,082 | 401 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 45,040 | 107 | 287 |
| 2018-12-31 | 45,743 | -1,264 | 223 |
| 2018-09-30 | 45,805 | -3,457 | 226 |
| 2018-06-30 | 45,816 | -4,235 | -40 |
| 2018-03-31 | 45,314 | -3,145 | 54 |
| 2017-12-31 | 45,794 | -1,975 | 126 |
| 2017-09-30 | 45,988 | -765 | 458 |
| 2017-06-30 | 45,988 | 1,279 | 485 |
| 2017-03-31 | 44,884 | 1,224 | 532 |
| 2016-12-31 | 42,679 | 446 | 718 |
| 2016-09-30 | 41,985 | 718 | 644 |
| 2016-06-30 | 41,324 | 226 | 741 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
All data from Bunge Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 3.88 | 4.04 | 3.56 | 3.00 |
| 2019-12-31 | 2.79 | 2.89 | 2.69 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.03 |
| 2018-12-31 | 1.58 |
| 2018-09-30 | 1.60 |
| 2018-06-30 | -0.28 |
| 2018-03-31 | 0.38 |
| 2017-12-31 | 0.90 |
| 2017-09-30 | 3.27 |
| 2017-06-30 | 3.47 |
| 2017-03-31 | 3.81 |
| 2016-12-31 | 5.13 |
| 2016-09-30 | 4.58 |
| 2016-06-30 | 5.23 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Bunge's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Bunge has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
BG Past Performance
How has Bunge performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Bunge's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Bunge's 1-year earnings growth exceeds its 5-year average (431.5% vs -10.2%)
- Bunge's earnings growth has exceeded the US Food industry average in the past year (431.5% vs -17.8%).
Earnings and Revenue History
All data from Bunge Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 45,040.00 | 287.00 | 1,315.00 | |
| 2018-12-31 | 45,743.00 | 223.00 | 1,346.00 | |
| 2018-09-30 | 45,805.00 | 226.00 | 1,350.00 | |
| 2018-06-30 | 45,816.00 | -40.00 | 1,349.00 | |
| 2018-03-31 | 45,314.00 | 54.00 | 1,322.00 | |
| 2017-12-31 | 45,794.00 | 126.00 | 1,354.00 | |
| 2017-09-30 | 45,988.00 | 458.00 | 1,365.00 | |
| 2017-06-30 | 45,988.00 | 485.00 | 1,361.00 | |
| 2017-03-31 | 44,884.00 | 532.00 | 1,330.00 | |
| 2016-12-31 | 42,679.00 | 718.00 | 1,278.00 | |
| 2016-09-30 | 41,985.00 | 644.00 | 1,321.00 | |
| 2016-06-30 | 41,324.00 | 741.00 | 1,355.00 | |
| 2016-03-31 | 41,565.00 | 699.00 | 1,411.00 | |
| 2015-12-31 | 43,455.00 | 703.00 | 1,415.00 | |
| 2015-09-30 | 45,581.00 | 457.00 | 1,547.00 | |
| 2015-06-30 | 48,495.00 | 506.00 | 1,589.00 | |
| 2015-03-31 | 54,506.00 | 692.00 | 1,623.00 | |
| 2014-12-31 | 57,161.00 | 435.00 | 1,658.00 | |
| 2014-09-30 | 60,305.00 | 604.00 | 1,593.00 | |
| 2014-06-30 | 61,330.00 | 79.00 | 1,572.00 | |
| 2014-03-31 | 60,023.00 | -68.00 | 1,565.00 | |
| 2013-12-31 | 61,347.00 | 133.00 | 1,548.00 | |
| 2013-09-30 | 62,012.00 | -280.00 | 1,516.00 | |
| 2013-06-30 | 63,854.00 | 282.00 | 1,530.00 | |
| 2013-03-31 | 62,867.00 | 430.00 | 1,519.00 | |
| 2012-12-31 | 60,991.00 | 370.00 | 1,533.00 | |
| 2012-09-30 | 57,750.00 | 941.00 | 1,464.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Bunge has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Bunge used its assets less efficiently than the US Food industry average last year based on Return on Assets.
- Bunge's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Bunge's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Bunge has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
BG Health
How is Bunge's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Bunge's finances.
The net worth of a company is the difference between its assets and liabilities.
- Bunge is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Bunge's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Bunge Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 6,725.00 | 5,968.00 | 807.00 |
| 2018-12-31 | 6,802.00 | 5,414.00 | 551.00 |
| 2018-09-30 | 6,925.00 | 7,300.00 | 386.00 |
| 2018-06-30 | 6,784.00 | 7,980.00 | 558.00 |
| 2018-03-31 | 7,747.00 | 7,127.00 | 919.00 |
| 2017-12-31 | 7,357.00 | 4,826.00 | 814.00 |
| 2017-09-30 | 7,750.00 | 5,888.00 | 933.00 |
| 2017-06-30 | 7,435.00 | 5,809.00 | 865.00 |
| 2017-03-31 | 7,633.00 | 5,223.00 | 853.00 |
| 2016-12-31 | 7,343.00 | 4,810.00 | 1,092.00 |
| 2016-09-30 | 7,277.00 | 5,402.00 | 637.00 |
| 2016-06-30 | 7,340.00 | 6,620.00 | 1,040.00 |
| 2016-03-31 | 7,004.00 | 5,111.00 | 1,109.00 |
| 2015-12-31 | 6,689.00 | 4,771.00 | 970.00 |
| 2015-09-30 | 6,699.00 | 4,230.00 | 731.00 |
| 2015-06-30 | 7,666.00 | 4,846.00 | 792.00 |
| 2015-03-31 | 7,463.00 | 4,220.00 | 870.00 |
| 2014-12-31 | 8,727.00 | 5,200.00 | 1,935.00 |
| 2014-09-30 | 9,600.00 | 6,885.00 | 3,380.00 |
| 2014-06-30 | 10,431.00 | 8,731.00 | 3,607.00 |
| 2014-03-31 | 10,099.00 | 9,190.00 | 4,018.00 |
| 2013-12-31 | 10,125.00 | 9,114.00 | 5,374.00 |
| 2013-09-30 | 10,331.00 | 10,681.00 | 6,226.00 |
| 2013-06-30 | 10,740.00 | 11,805.00 | 5,586.00 |
| 2013-03-31 | 11,486.00 | 10,629.00 | 5,343.00 |
| 2012-12-31 | 11,293.00 | 8,897.00 | 3,722.00 |
| 2012-09-30 | 12,056.00 | 7,932.00 | 788.00 |
- Bunge's level of debt (88.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (90.9% vs 88.7% today).
- Debt is not well covered by operating cash flow (1.8%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
Financial health checks
We assess Bunge's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Bunge has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
BG Dividends
What is Bunge's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Bunge
shares you are expected to receive
$71
in your first year as a dividend.
Dividend Amount
- Bunge's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- Bunge's dividend is below the markets top 25% of dividend payers in United States of America (3.78%).
Upcoming dividend payment
Purchase Bunge before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| United States of America Food Industry Average Dividend Yield | Market Cap Weighted Average of 30 Stocks | 2.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.44 | 5.00 |
| 2020-12-31 | 2.25 | 8.00 |
| 2019-12-31 | 2.12 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-22 | 2.000 | 3.605 |
| 2019-03-13 | 2.000 | 3.846 |
| 2018-12-06 | 2.000 | 3.704 |
| 2018-08-03 | 2.000 | 3.130 |
| 2018-05-23 | 2.000 | 2.885 |
| 2018-03-14 | 1.840 | 2.533 |
| 2017-12-07 | 1.840 | 2.498 |
| 2017-08-08 | 1.840 | 2.604 |
| 2017-05-24 | 1.840 | 2.361 |
| 2017-03-08 | 1.680 | 2.199 |
| 2016-12-08 | 1.680 | 2.323 |
| 2016-08-10 | 1.680 | 2.640 |
| 2016-05-24 | 1.680 | 2.685 |
| 2016-03-01 | 1.520 | 2.629 |
| 2015-12-09 | 1.520 | 2.557 |
| 2015-08-05 | 1.520 | 2.115 |
| 2015-05-19 | 1.520 | 1.720 |
| 2015-02-27 | 1.360 | 1.615 |
| 2014-12-04 | 1.360 | 1.526 |
| 2014-08-06 | 1.360 | 1.595 |
| 2014-05-22 | 1.360 | 1.794 |
| 2014-02-28 | 1.200 | 1.529 |
| 2013-12-06 | 1.200 | 1.510 |
| 2013-08-07 | 1.200 | 1.523 |
| 2013-05-23 | 1.200 | 1.661 |
| 2013-03-05 | 1.080 | 1.506 |
| 2012-12-05 | 1.080 | 1.447 |
| 2012-08-02 | 1.080 | 1.590 |
| 2012-05-24 | 1.080 | 1.764 |
| 2012-02-29 | 1.000 | 1.521 |
| 2011-12-08 | 1.000 | 1.666 |
| 2011-08-04 | 1.000 | 1.649 |
| 2011-05-26 | 1.000 | 1.444 |
| 2011-03-03 | 0.920 | 1.279 |
| 2010-12-09 | 0.920 | 1.357 |
| 2010-08-05 | 0.920 | 1.575 |
| 2010-05-20 | 0.920 | 1.794 |
| 2010-03-05 | 0.840 | 1.453 |
| 2009-12-17 | 0.840 | 1.343 |
| 2009-10-09 | 0.840 | 1.353 |
| 2009-05-07 | 0.840 | 1.329 |
| 2009-03-16 | 0.760 | 1.402 |
| 2008-12-05 | 0.760 | 1.619 |
| 2008-10-01 | 0.760 | 1.902 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Bunge's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (1x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Bunge's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Bunge afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Bunge has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
BG Management
CEO
| COMPENSATION | $86,066 |
| AGE | 57 |
| TENURE AS CEO | 0.5 years |
CEO Bio
Mr. Gregory A. Heckman, also known as Greg, serves as Chief Executive Officer of Bunge Limited since April 25, 2019. Mr. Heckman served as the Acting Chief Executive Officer of Bunge Limited since January 22, 2019 until April 25, 2019. He is the Founding Partner at Flatwater Partners, LLC. Prior to this, he served as the Chief Executive Officer and President at The Gavilon Group, LLC until October 2014 where he led the company through a period of considerable growth in both the agriculture and energy industries, set the vision and direction for the company. Prior to this, Mr. Heckman served as the President and Chief Operating Officer at ConAgra Commercial Products Group of ConAgra Foods, Inc. since 2005 where he was responsible for the strong portfolio of foodservice products, including specialty potato, culinary and seafood products and was also responsible for the basic and specialty ingredients, including brands, such as ConAgra Mills, Gilroy Foods and Spice Tec. Mr. Heckman serves as Director at Bunge Limited since October 31, 2018. He served as the President and Chief Operating Officer at ConAgra Food Ingredients Group of ConAgra Foods Inc. since 2003. Mr. Heckman served as the President and Chief Operating Officer at ConAgra Agricultural Products Company since January 2002. He joined ConAgra Foods Inc. in 1984 and was the President since March 2006, Vice President and General Manager at ConAgra Commodity Services since 1995. Mr. Heckman served as the President at ConAgra Commodity Services since 1996. He served as the President and Chief Operating Officer of ConAgra Trade Group, from 1998 to 2001. Mr. Heckman has been Independent Non-Executive Director at OCI N.V. since June 10, 2015 and also served as its Senior Independent Non-Executive Director until June 10, 2015. He was Director at Waitt Brands. He served as Managing Director Management Consulting Resources. He is Member of University of Illinois Division of Intercollegiate Athletics Campaign Steering Committee. He served as a Director at Gavilon Grain Australia Pty Ltd. since September 16, 2010. Mr. Heckman has also been appointed to the Board of JBS Foods International. He has experience in the agriculture, energy and food processing industries. Mr. Heckman holds a Bachelor of Science in agriculture economics and marketing from the University of Illinois at Urbana-Champaign.
CEO Compensation
- Insufficient data for Greg to compare compensation growth.
- Greg's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Bunge management team in years:
- The average tenure for the Bunge management team is less than 2 years, this suggests a new team.
Management Team
Greg Heckman
CEO & Director
$86K
57
0.5 yrs
Raul Padilla
President of Global Operations
$5M
63
0.2 yrs
John Neppl
Chief Financial Officer
53
0.5 yrs
Matt Simmons
Principal Accounting Officer & Controller
53
3.8 yrs
Ruth Wisener
Vice President of Investor Relations
Carla Heiss
Chief Compliance Officer
Deborah Borg
Executive VP and Chief HR & Communications Officer
42
Pierre Mauger
Chief Transformation Officer
47
0.2 yrs
Christos Dimopoulos
President of Global Supply Chains
45
0.8 yrs
Brian Zachman
President of Global Risk Management
47
0.5 yrs
Board of Directors Tenure
Average tenure and age of the Bunge board of directors in years:
- The average tenure for the Bunge board of directors is less than 3 years, this suggests a new board.
Board of Directors
Kathi Hyle
Non-Executive Chair of the Board
$260K
60
0.6 yrs
Greg Heckman
CEO & Director
$86K
57
0.8 yrs
Andrew Ferrier
Independent Director
$240K
60
6.6 yrs
Carol Browner
Independent Director
$263K
63
5.9 yrs
Mark Zenuk
Independent Director
$166K
52
1 yrs
Paul Fribourg
Director
$89K
65
0.8 yrs
Jay Winship
Director
$86K
51
0.8 yrs
J. Fyrwald
Director
$60K
60
0.6 yrs
John McGlade
Independent Director
$246K
65
4.9 yrs
Vinita Bali
Director
$287K
64
1.5 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Bunge individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28. May 19 | Buy | Paul Fribourg | Individual | 23. May 19 | 23. May 19 | 19,750 | $50.94 | $1,006,132 | ||
| 28. May 19 | Buy | Continental Grain Company Corp. | Company | 23. May 19 | 24. May 19 | 160,000 | $51.13 | $8,159,783 | ||
| 23. May 19 | Buy | H. Jay Winship | Individual | 22. May 19 | 22. May 19 | 4,000 | $51.40 | $205,600 | ||
| 22. May 19 | Buy | Brian Zachman | Individual | 22. May 19 | 22. May 19 | 10,000 | $51.28 | $512,777 | ||
| 19. Nov 18 | Buy | Continental Grain Company Corp. | Company | 16. Nov 18 | 16. Nov 18 | 170,000 | $58.80 | $9,996,527 | ||
| 09. Nov 18 | Buy | Continental Grain Company Corp. | Company | 07. Nov 18 | 07. Nov 18 | 155,000 | $63.73 | $9,847,676 | ||
| 08. Nov 18 | Buy | Soren Schroder | Individual | 05. Nov 18 | 07. Nov 18 | 1,500 | $63.55 | $94,670 | ||
| 08. Nov 18 | Buy | Continental Grain Company Corp. | Company | 05. Nov 18 | 06. Nov 18 | 655,000 | $63.32 | $41,193,476 | ||
| 07. Nov 18 | Buy | Mark Zenuk | Individual | 06. Nov 18 | 06. Nov 18 | 6,500 | $63.51 | $412,825 | ||
| 06. Nov 18 | Buy | L. Lupo | Individual | 05. Nov 18 | 05. Nov 18 | 3,000 | $62.71 | $188,130 | ||
| 05. Nov 18 | Buy | Thomas Boehlert | Individual | 05. Nov 18 | 05. Nov 18 | 3,200 | $62.68 | $200,590 | ||
Management checks
We assess Bunge's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Bunge has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
BG News
Simply Wall St News
Are Bunge Limited’s (NYSE:BG) Returns Worth Your While?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bunge: 0.082 = US$1.0b ÷ (US$21b - US$8.1b) (Based on the trailing twelve months to March 2019.) Therefore, Bunge has an ROCE of 8.2%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.
Simply Wall St - – Full articleWhy Fundamental Investors Might Love Bunge Limited (NYSE:BG)
NYSE:BG Historical Dividend Yield, July 12th 2019 Next Steps: For Bunge, there are three essential factors you should look at: Future Outlook: What are well-informed industry analysts predicting for BG’s future growth? … Take a look at our free research report of analyst consensus for BG’s outlook. … Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Simply Wall St - – Full articleThree Things You Should Check Before Buying Bunge Limited (NYSE:BG) For Its Dividend
Click the interactive chart for our full dividend analysis NYSE:BG Historical Dividend Yield, July 3rd 2019 Payout ratios Dividends are usually paid out of company earnings. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. It's good to see Bunge has been growing its earnings per share at 18% a year over the past 5 years. Although earnings per share are up nicely Bunge is paying out 96% of its earnings as dividends, which we feel is borderline unsustainable without extenuating circumstances. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … We like that it has been delivering solid improvement in its earnings per share, and relatively consistent dividend payments.
Simply Wall St - – Full articleIs Bunge Limited (NYSE:BG) Trading At A 41% Discount?
In this article we are going to estimate the intrinsic value of Bunge Limited (NYSE:BG) by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $652.00 $572.33 $663.00 $736.60 $799.87 $854.52 $902.38 $945.15 $984.25 $1.02k Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x1 Est @ 11.1% Est @ 8.59% Est @ 6.83% Est @ 5.6% Est @ 4.74% Est @ 4.14% Est @ 3.71% Present Value ($, Millions) Discounted @ 8.35% $601.75 $487.52 $521.22 $534.45 $535.63 $528.13 $514.73 $497.58 $478.23 $457.77 Present Value of 10-year Cash Flow (PVCF)= $5.16b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … NYSE:BG Intrinsic value, June 12th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.
Simply Wall St - – Full articleDo Institutions Own Bunge Limited (NYSE:BG) Shares?
Check out our latest analysis for Bunge NYSE:BG Ownership Summary, June 2nd 2019 What Does The Institutional Ownership Tell Us About Bunge? … Insider Ownership Of Bunge The definition of company insiders can be subjective, and does vary between jurisdictions. … Our information suggests that Bunge Limited insiders own under 1% of the company.
Simply Wall St - – Full articleA Closer Look At Bunge Limited's (NYSE:BG) Uninspiring ROE
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bunge: 5.1% = US$287m ÷ US$6.7b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … In my book the highest quality companies have high return on equity, despite low debt. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
Simply Wall St - – Full articleShould Bunge Limited (NYSE:BG) Focus On Improving This Fundamental Metric?
Our data shows Bunge has a return on equity of 4.0% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.040 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCalculating The Intrinsic Value Of Bunge Limited (NYSE:BG)
by estimating the company's future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWhy Bunge Limited's (NYSE:BG) Investor Composition Impacts Your Returns
Today, I will be analyzing Bunge Limited’s (NYSE:BG) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … NYSE:BG Ownership Summary August 1st 18
Simply Wall St - – Full articleUnderstanding Your Return On Investment In Bunge Limited (NYSE:BG)
and looking to gauge the potential return on investment in Bunge Limited (NYSE:BG). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided.
Simply Wall St - – Full articleBG Company Info
Description
Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. 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 primarily wheat and corn; and vegetable oils and protein meals. It provides its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies; and for industrial and biodiesel production applications. The Edible Oil Products segment provides packaged and bulk oils and fats, including cooking oils, shortenings, margarines, mayonnaise, and others 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. The Milling Products segment offers wheat flours and bakery mixes; corn milling products that include 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; and milled rice products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. As of December 31, 2018, it had a total installed cogeneration capacity of approximately 322 megawatts. The Fertilizer segment offers nitrogen, phosphate, and potassium fertilizers; and SSP, ammonia, ammonium thiosulfate, monoammonium phosphate, diammonium phosphate, triple supersphosphate, urea, urea-ammonium nitrate, ammonium sulfate, and potassium chloride. The company was founded in 1818 and is headquartered in White Plains, New York.
Details
| Name: | Bunge Limited |
| BG | |
| Exchange: | NYSE |
| Founded: | 1818 |
| $7,970,366,896 | |
| 141,469,061 | |
| Website: | http://www.bunge.com |
| Address: |
Bunge Limited 50 Main Street, White Plains, New York, 10606, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | BG | Common Shares | New York Stock Exchange | US | USD | 02. Aug 2001 | |
| DB | BU3 | Common Shares | Deutsche Boerse AG | DE | EUR | 02. Aug 2001 | |
| LSE | 0U6R | Common Shares | London Stock Exchange | GB | USD | 02. Aug 2001 | |
| BMV | BG * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Aug 2001 | |
| OTCPK | BGEP.F | 4.875% CNV PFD | Pink Sheets LLC | US | USD | 17. Nov 2006 | |
| BASE | BNG | CEDEAR EACH REP 5 COM USD0.01 | Buenos Aires Stock Exchange | AR | ARS | 12. May 2011 |
Number of employees
Current staff
Industry
| Agricultural Products | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/22 23:46 |
| End of day share price update: | 2019/07/22 00:00 |
| Last estimates confirmation: | 2019/07/22 |
| Last earnings filing: | 2019/05/08 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
