Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Bunge Global S.A. (BG)

Company Dividend Discount ModelIndustry: Agricultural Farm ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$147.99 - $277.07$200.59
Multi-Stage$153.89 - $168.41$161.01
Blended Fair Value$180.80
Current Price$80.28
Upside125.21%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.96%7.29%2.762.802.552.112.062.071.981.811.631.51
YoY Growth---1.31%9.74%20.76%2.48%-0.35%4.43%9.72%10.76%7.73%10.70%
Dividend Yield--3.62%2.74%2.67%1.91%2.60%5.04%3.75%2.44%2.06%2.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,323.00
(-) Cash Dividends Paid (M)415.00
(=) Cash Retained (M)908.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)264.60165.3899.23
Cash Retained (M)908.00908.00908.00
(-) Cash Required (M)-264.60-165.38-99.23
(=) Excess Retained (M)643.40742.63808.78
(/) Shares Outstanding (M)136.76136.76136.76
(=) Excess Retained per Share4.705.435.91
LTM Dividend per Share3.033.033.03
(+) Excess Retained per Share4.705.435.91
(=) Adjusted Dividend7.748.468.95
WACC / Discount Rate8.64%8.64%8.64%
Growth Rate3.24%4.24%5.24%
Fair Value$147.99$200.59$277.07
Upside / Downside84.34%149.86%245.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,323.001,379.091,437.561,498.501,562.031,628.261,677.11
Payout Ratio31.37%43.09%54.82%66.55%78.27%90.00%92.50%
Projected Dividends (M)415.00594.31788.08997.211,222.661,465.431,551.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.64%8.64%8.64%
Growth Rate3.24%4.24%5.24%
Year 1 PV (M)541.81547.05552.30
Year 2 PV (M)654.98667.73680.61
Year 3 PV (M)755.57777.74800.34
Year 4 PV (M)844.55877.75911.92
Year 5 PV (M)922.82968.381,015.73
PV of Terminal Value (M)17,325.5818,181.0919,070.06
Equity Value (M)21,045.3122,019.7523,030.97
Shares Outstanding (M)136.76136.76136.76
Fair Value$153.89$161.01$168.41
Upside / Downside91.69%100.56%109.77%

High-Yield Dividend Screener

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