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Bungeltd
BG
Fats & Oils
Mkt Cap
$15.96BPE
8.13Debt
$4.881BCash
$2.193BEV
$18.65BFCF
$335MP/E Ratio
8.13Debt
$4.881BCash
$2.193BEV
$18.65BFCF
$335MCharts data: {"Earnings":[{"time":"2014-12-30","value":467000000},{"time":"2015-12-30","value":738000000},{"time":"2016-12-30","value":709000000},{"time":"2017-12-30","value":126000000},{"time":"2018-12-30","value":233000000},{"time":"2019-12-30","value":-1322000000},{"time":"2020-12-30","value":1121000000},{"time":"2021-12-30","value":2044000000},{"time":"2022-12-30","value":1610000000}],"Sales":[{"time":"2014-12-30","value":57161000000},{"time":"2015-12-30","value":43455000000},{"time":"2016-12-30","value":42679000000},{"time":"2017-12-30","value":45794000000},{"time":"2018-12-30","value":45743000000},{"time":"2019-12-30","value":41140000000},{"time":"2020-12-30","value":41404000000},{"time":"2021-12-30","value":59152000000},{"time":"2022-12-30","value":67232000000}],"Net Margins":[{"time":"2014-12-30","value":0.008169906054827591},{"time":"2015-12-30","value":0.016983085950983776},{"time":"2016-12-30","value":0.016612385482321516},{"time":"2017-12-30","value":0.0027514521553041885},{"time":"2018-12-30","value":0.005093675535054544},{"time":"2019-12-30","value":-0.03213417598444336},{"time":"2020-12-30","value":0.027074678774997585},{"time":"2021-12-30","value":0.03455504463078171},{"time":"2022-12-30","value":0.02394693003331747}],"Assets":[{"time":"2014-12-30","value":21432000000},{"time":"2015-12-30","value":17922000000},{"time":"2016-12-30","value":19188000000},{"time":"2017-12-30","value":18871000000},{"time":"2018-12-30","value":19425000000},{"time":"2019-12-30","value":18317000000},{"time":"2020-12-30","value":23655000000},{"time":"2021-12-30","value":23819000000},{"time":"2022-12-30","value":24580000000}],"Stockholders Equity":[{"time":"2014-12-30","value":8690000000},{"time":"2015-12-30","value":6652000000},{"time":"2016-12-30","value":7343000000},{"time":"2017-12-30","value":7357000000},{"time":"2018-12-30","value":6378000000},{"time":"2019-12-30","value":6030000000},{"time":"2020-12-30","value":6205000000},{"time":"2021-12-30","value":7825000000},{"time":"2022-12-30","value":9956000000}],"ROE":[{"time":"2014-12-30","value":0.05373993095512083},{"time":"2015-12-30","value":0.11094407696933253},{"time":"2016-12-30","value":0.09655454174043307},{"time":"2017-12-30","value":0.017126546146527116},{"time":"2018-12-30","value":0.036531828159297584},{"time":"2019-12-30","value":-0.21923714759535656},{"time":"2020-12-30","value":0.1806607574536664},{"time":"2021-12-30","value":0.2612140575079872},{"time":"2022-12-30","value":0.16171153073523503}],"ROA":[{"time":"2014-12-30","value":0.05043859649122807},{"time":"2015-12-30","value":0.07303872335676821},{"time":"2016-12-30","value":0.0641025641025641},{"time":"2017-12-30","value":0.02612474166710826},{"time":"2018-12-30","value":0.040926640926640924},{"time":"2019-12-30","value":-0.04727848446798057},{"time":"2020-12-30","value":0.07093637708729655},{"time":"2021-12-30","value":0.1076871405180738},{"time":"2022-12-30","value":0.08405207485760781}]}
Bunge Limited 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 Limited was founded in 1818 and is headquartered in St. Louis, Missouri.
DCF
Discounted Cash Flow Valuation of Bungeltd
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $335M | $296.6M | $262.6M | $232.5M | $205.8M | $182.2M | $161.3M | $142.8M | $126.4M | $111.9M | $99.08M | $990.8M |
| DCF | $257.9M | $198.5M | $152.8M | $117.7M | $90.58M | $69.73M | $53.68M | $41.33M | $31.81M | $24.49M | $244.9M | |
| Value | $1.283B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 24%
Earnings Stability 19%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2014 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 0.82% | 1.7% | 1.7% | 0.28% | 0.51% | -3.2% | 2.7% | 3.5% | 2.4% | 3.2% |
| ROA | 5% | 7.3% | 6.4% | 2.6% | 4.1% | -4.7% | 7.1% | 11% | 8.4% | 11% |
| ROE | 5.4% | 11% | 9.7% | 1.7% | 3.7% | -22% | 18% | 26% | 16% | 18% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +1.02%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.72%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +4.71%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.74%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +7.3%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +5.13%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2014 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | -119.79 | 4.42 | 13.02 | -3.06 | -3.75 | -1.87 | -1.81 | -0.81 | 14.57 |
| Debt Equity | 0.44 | 0.70 | 0.67 | 0.61 | 0.84 | 0.83 | 1.17 | 0.76 | 0.50 | 0.44 |
| MIN | ||||||||||
| Graham Stability | - | - | - | 20% | 44% | -370% | - | 100% | 100% | -370% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 14.57.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -1.82.
What is the Graham’s Stability?
Graham’s Stability measure stands at -3.71.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2015 | 12-2017 | 12-2019 | 12-2021 | Trend |
|---|---|---|---|---|---|
| Revenue | 6.4% | 8% | 18% | 14% | 5.4% |
| Net Income | 12% | 66% | - | -21% | 1.5% |
| Stockholders Equity | 5.9% | 6.2% | 18% | 27% | 5.3% |
| FCF | - | - | - | - | - |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +7.98%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +5.44%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +66.45%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +1.5%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +6.24%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +5.35%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -.