Bunge Global SA
BG on NYSE. Bunge Global SA's products and customers are not described in this filing excerpt. Market value $20.6bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
The company doesn't report operating profit, so we work it out from pre-tax profit and interest.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Everyday goods stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-3.45 of spare cash in the past 12 months. A savings account pays about $4.
You pay 16.3 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 12 cents a year. Above 10 is good.
Quality score: 64 of 100. Price score: 52 of 100. Our list needs 70 on quality and 60 on price.
$107.33 a share, 36% above its 1-year low
Over the past year the price has ranged from $79.11 to $134.87.
Dividend: 2.2% a year
Paid every year for 3 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||
| Revenue | $59.5bn | $53.1bn | $70.3bn |
| Operating margin | |||
| Operating margin | 6.0% | 3.8% | 2.5% |
| Debt to equity | |||
| Debt to equity | 0.45 | 0.63 | 0.88 |
| Shares outstanding | |||
| Shares outstanding | 0.14bn | 0.19bn | 0.19bn |
Health checks
- Free cash flow positive2 of 3 years
- Accounting looks honest (Beneish)Warning signs
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt0.88× equity
- Revenue growth, five yearsUnknown
- Buying back its own sharesNo, 39% more shares since 2023
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $24 billion last quarter, up 88% on a year ago.
- Profit: $678 million, up 92% on a year ago.
- Over the past 12 months it spent $711 million more cash than it brought in, compared with $536 million a year earlier.
- 44% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $14.6 billion more than cash, up from $4.5 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $12.9bn |
| December 2024 | $13.5bn |
| March 2025 | $11.6bn |
| June 2025 | $12.8bn |
| September 2025 | $22.2bn |
| December 2025 | $23.8bn |
| March 2026 | $21.9bn |
| June 2026 | $24.0bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $221m |
| December 2024 | $602m |
| March 2025 | $201m |
| June 2025 | $354m |
| September 2025 | $166m |
| December 2025 | $95m |
| March 2026 | $68m |
| June 2026 | $678m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 29 October 2026
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 739 funds in all.
- Bruce & Co.R. Jeffrey Bruce
- Value
- $7m
- Share of fund
- 2.0%
- GAMCO InvestorsMario Gabelli
- Value
- $6m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Horizon KineticsMurray Stahl | $30m | 0.3% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $25m | <0.1% | Cut |
| Bruce & Co.R. Jeffrey Bruce | $7m | 2.0% | |
| GAMCO InvestorsMario Gabelli | $6m | <0.1% | |
| GMOJeremy Grantham | $1m | <0.1% | Cut |
Largest holders overall
- Glencore$3.5bn
- Canada Pension Plan Investment Board$2.8bn
- Capital World Investors$2.1bnCut
- BlackRock$1.6bnAdded
- Vanguard Capital Management$1.0bn
- Vanguard Portfolio Management$759m
- State Street$748m
- Geode Capital Management$388mAdded
- FIL$363mAdded
- FMR$330mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- at least 16.4%(filed with 2 related holders)Since 2 July 2025
What they said
The information set forth or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference into this Item 4. The Reporting Persons acquired the securities of the Issuer covered by this Schedule 13D for investment purposes. However, the Reporting…
Read the filing - at least 13.1%(filed with 3 related holders)Since 2 July 2025
What they said
The information set forth or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference into this Item 4. The Reporting Persons acquired the securities of the Issuer covered by this Schedule 13D for investment purposes as part of their…
Read the filing - Capital World InvestorsPassive investor10.7%+2.4 ptsSince 31 March 2026
- BlackRock, Inc.Passive investor7.1%Since 30 September 2025
- Vanguard Capital ManagementPassive investor5.5%Since 31 March 2026
- STATE STREET CORPORATIONPassive investorSold down below 5%Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
at least 16.4% (filed with 2 related holders) | 2 July 2025 | What they saidThe information set forth or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference into this Item 4. The Reporting Persons acquired the securities of the Issuer covered by this Schedule 13D for investment purposes. However, the Reporting… Read the filing | |
at least 13.1% (filed with 3 related holders) | 2 July 2025 | What they saidThe information set forth or incorporated by reference in Items 3, 5 and 6 of this Schedule 13D is incorporated by reference into this Item 4. The Reporting Persons acquired the securities of the Issuer covered by this Schedule 13D for investment purposes as part of their… Read the filing | |
Capital World Investors Passive investor | 10.7%+2.4 pts | 31 March 2026 | |
BlackRock, Inc. Passive investor | 7.1% | 30 September 2025 | |
Vanguard Capital Management Passive investor | 5.5% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | Sold down below 5% | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $689,050 of shares on the open market. 2 sold $3m.
- Mahoney ChristopherDirectorBought
- Date
- 4 August 2026
- Shares
- 1,500
- Price
- $107.60
- Value
- $161,400
- Mahoney ChristopherDirectorBought
- Date
- 31 July 2026
- Shares
- 5,000
- Price
- $105.53
- Value
- $527,650
- Garros JulioChief Operating OfficerSold
- Date
- 11 February 2026
- Shares
- 2,831
- Price
- $119.00
- Value
- $336,889
- Dimopoulos ChristosExecutive VP, Global MarketsSold
- Date
- 21 November 2025
- Shares
- 25,300
- Price
- $94.37
- Value
- $2m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 4 August 2026 | Mahoney Christopher Director | Bought | 1,500 | $107.60 | $161,400 |
| 31 July 2026 | Mahoney Christopher Director | Bought | 5,000 | $105.53 | $527,650 |
| 11 February 2026 | Garros Julio Chief Operating Officer | Sold | 2,831 | $119.00 | $336,889 |
| 21 November 2025 | Dimopoulos Christos Executive VP, Global Markets | Sold | 25,300 | $94.37 | $2m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Feb 2026, plus the 10-Q filed 29 Jul 2026 and 10 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Its accounts show patterns that sometimes come before companies have to correct past results (Beneish score).
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.