Bunge Global S.A. (BG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+12.8%

$106.91

vs $94.76 price

Levered DCF

-$338.99

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.01

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	18×	9.61×	6.7×	9.48×	6.44×	8.18×	-6.16×	32.39×
P/B	0.92×	1.1×	1.38×	1.65×	1.72×	1.52×	1.38×	1.22×
P/S	0.21×	0.21×	0.25×	0.23×	0.22×	0.22×	0.2×	0.16×
EV / EBITDA	11.94×	5.98×	4.52×	7.04×	5.9×	8.04×	-42.77×	8.83×
Gross margin	4.8%	6.4%	8.1%	5.5%	5.7%	6.7%	1.3%	5.0%
Operating margin	1.8%	3.0%	5.3%	3.4%	3.6%	3.4%	-2.2%	1.8%
Net margin	1.2%	2.1%	3.8%	2.4%	3.5%	2.8%	-3.1%	0.6%
Current ratio	1.61×	2.15×	2.13×	1.75×	1.77×	1.47×	1.55×	1.54×
Debt / equity	1×	0.72×	0.53×	0.61×	0.89×	1.34×	0.97×	0.87×
Interest coverage	2.06×	3.43×	6.07×	5.74×	8.76×	5.38×	-2.71×	2.49×
Dividend yield	3.1%	3.5%	2.5%	2.3%	2.5%	3.4%	3.9%	4.0%
Payout ratio	56.3%	33.2%	17.1%	21.7%	15.5%	27.6%	-24.8%	114.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.1%	11.5%	20.7%	17.5%	27.1%	18.9%	-21.6%	4.3%
Return on invested capital	2.7%	6.5%	12.8%	11.1%	11.2%	7.5%	-6.9%	3.8%
Return on assets	1.8%	4.6%	8.8%	6.6%	8.7%	4.8%	-7.0%	1.4%
Free cash flow yield	-6.0%	4.8%	14.6%	-40.0%	-25.0%	-42.3%	-16.3%	-23.3%
Earnings yield	5.6%	10.4%	14.9%	10.5%	15.8%	12.4%	-15.7%	3.5%
Enterprise value	$29.4B	$14.7B	$18.2B	$19.8B	$19.1B	$17B	$13.6B	$12.5B
Net debt / EBITDA	5.97×	1.55×	0.78×	1.61×	1.83×	3.67×	-17.07×	3.52×
Cash conversion cycle (days)	73	46	42	41	43	62	39	38