Stock Analysis Report

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Executive Summary

Bunge Limited operates as an agribusiness and food company worldwide. More Details

Snowflake Analysis

Established dividend payer with mediocre balance sheet.

Similar Companies

Share Price & News

How has Bunge's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: BG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BG's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




US Food


US Market

1 Year Return




US Food


US Market

Return vs Industry: BG exceeded the US Food industry which returned 1.1% over the past year.

Return vs Market: BG exceeded the US Market which returned 22% over the past year.

Shareholder returns

7 Day4.0%-1.3%0.6%
30 Day10.9%-0.9%4.2%
90 Day32.4%-1.1%12.4%
1 Year33.9%28.3%3.6%1.1%23.7%21.0%
3 Year15.7%3.7%6.6%-2.3%47.4%37.6%
5 Year42.9%21.6%25.7%8.5%131.6%105.9%

Long-Term Price Volatility Vs. Market

How volatile is Bunge's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Bunge undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: BG ($72.25) is trading above our estimate of fair value ($42.59)

Significantly Below Fair Value: BG is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: BG is good value based on its PE Ratio (20.3x) compared to the US Food industry average (24.8x).

PE vs Market: BG is good value based on its PE Ratio (20.3x) compared to the US market (21.1x).

Price to Earnings Growth Ratio

PEG Ratio: BG is poor value based on its PEG Ratio (2.5x)

Price to Book Ratio

PB vs Industry: BG's PB Ratio (2.2x) is in line with the US Food industry average.

Next Steps

Future Growth

How is Bunge forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BG's forecast earnings growth (8.2% per year) is above the savings rate (2%).

Earnings vs Market: BG's earnings (8.2% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: BG's earnings are forecast to grow, but not significantly.

Revenue vs Market: BG's revenue (2.5% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: BG's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BG's Return on Equity is forecast to be low in 3 years time (11.2%).

Next Steps

Past Performance

How has Bunge performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BG has a high level of non-cash earnings.

Growing Profit Margin: BG became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: BG's earnings have declined by 55% per year over the past 5 years.

Accelerating Growth: BG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (-6.5%).

Return on Equity

High ROE: BG's Return on Equity (9%) is considered low.

Next Steps

Financial Health

How is Bunge's financial position?

Financial Position Analysis

Short Term Liabilities: BG's short term assets ($13.5B) exceed its short term liabilities ($8.9B).

Long Term Liabilities: BG's short term assets ($13.5B) exceed its long term liabilities ($6.0B).

Debt to Equity History and Analysis

Debt Level: BG's debt to equity ratio (111.7%) is considered high.

Reducing Debt: BG's debt to equity ratio has increased from 63.3% to 111.7% over the past 5 years.

Debt Coverage: BG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BG's interest payments on its debt are well covered by EBIT (10.6x coverage).

Balance Sheet

Next Steps


What is Bunge current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: BG's dividend (2.77%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: BG's dividend (2.77%) is low compared to the top 25% of dividend payers in the US market (3.88%).

Stability and Growth of Payments

Stable Dividend: BG's dividends per share have been stable in the past 10 years.

Growing Dividend: BG's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (56.1%), BG's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: BG's dividends in 3 years are forecast to be well covered by earnings (41.9% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Greg Heckman (58 yo)





Mr. Gregory A. Heckman, also known as Greg, serves as the Member of Advisory Council of The New York Stock Exchange since May 2020. He serves as Chief Executive Officer of Bunge Limited since April 25, 201...

CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD16.73M) is above average for companies of similar size in the US market ($USD10.54M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.

Leadership Team

Gregory Heckman
CEO & Director2yrsUS$16.73m0.18%
$ 17.7m
John Neppl
Executive VP & CFO1.67yrsUS$2.82m0.015%
$ 1.5m
Raul Padilla
President of Global Operations1.67yrsUS$5.80m0.052%
$ 5.1m
Christos Dimopoulos
President of Global Supply Chains2.25yrsUS$3.36m0.0071%
$ 695.4k
Brian Zachman
President of Global Risk Management2yrsUS$8.27m0.028%
$ 2.8m
J. Simmons
Principal Accounting Officer & Controller5.33yrsno datano data
Ruth Wisener
Vice President of Investor Relations1.83yrsno datano data
Joseph Podwika
Executive VP & Chief Legal Officer1.17yrsno data0.011%
$ 1.1m
Deborah Borg
Chief HR & Communications Officerno datano data0.0094%
$ 928.5k
Pierre Mauger
Chief Transformation Officer1.67yrsno data0.0062%
$ 612.8k
Robert Coviello
Chief Sustainability Officer & Government Affairs1.67yrsno datano data
Robert Wagner
Chief Risk Officer1.58yrsno data0.0048%
$ 475.1k


Average Tenure


Average Age

Experienced Management: BG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Gregory Heckman
CEO & Director2yrsUS$16.73m0.18%
$ 17.7m
Kathleen Hyle
Independent Non-Executive Chair of the Board2.08yrsUS$497.25k0.016%
$ 1.6m
Paul Fribourg
$ 9.1m
Carol Browner
Independent Director7.42yrsUS$256.06k0.012%
$ 1.1m
J. Fyrwald
Independent Director2.08yrsUS$250.97k0.017%
$ 1.6m
Bernardo Hees
Independent Director1.08yrsUS$73.67k0.00088%
$ 86.6k
Vinita Bali
Independent Director3yrsUS$248.39k0.0042%
$ 414.1k
H. Jay Winship
Independent Director2.25yrsUS$258.56k0.014%
$ 1.4m
Sheila Colleen Bair
Independent Director1.08yrsUS$74.51k0.0012%
$ 122.0k
Mark Zenuk
Independent Director2.5yrsUS$263.97k0.0078%
$ 770.2k


Average Tenure


Average Age

Experienced Board: BG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Bunge Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Bunge Limited
  • Ticker: BG
  • Exchange: NYSE
  • Founded: 1818
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$9.836b
  • Shares outstanding: 139.66m
  • Website: https://www.bunge.com

Number of Employees


  • Bunge Limited
  • 1391 Timberlake Manor Parkway
  • Saint Louis
  • Missouri
  • 63017
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BGNYSE (New York Stock Exchange)YesCommon SharesUSUSDAug 2001
BU3DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2001
BG *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNAug 2001
0U6RLSE (London Stock Exchange)YesCommon SharesGBUSDAug 2001
BGEP.FOTCPK (Pink Sheets LLC)4.875% CNV PFDUSUSDNov 2006
BNGBASE (Buenos Aires Stock Exchange)CEDEAR EACH REP 5 COM USD0.01ARARSMay 2011


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 Agribusines...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/14 23:00
End of Day Share Price2021/01/14 00:00
Annual Earnings2019/12/31

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.