Bunge Global BG

NYSE · Fats & Oils · $18.6B

$98.54+1.58%Nov 5 close · Databento

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BG Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $98.541D +1.58%3M −12.53%SMA20 $101.64SMA50 $109.34RSI(14) 39.8

98.54

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 39.8

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$18.6B

Enterprise value$32.9B

Revenue$70.3B +32.4%

True FCF (ex-SBC)$-952.0M −267.7%

Rule of 4031.2%

True FCF Yield-5.1%

EPS, diluted$4.91 −38.5%

Modern Valuation (EOD)

Market Cap$18.6B

Enterprise Value$32.9B

EV / True FCF—

EV / FCF—

EV / Gross Profit9.64

EV / EBIT—

EV / Sales0.47

P / E (GAAP)22.84

P / FCF—

P / Oper. CF22.08

P / Book1.07

Owner & Cash Yields

True FCF Yield-5.1%

FCF Yield-4.7%

Owner Earn. Yield-1.5%

Earnings Yield4.4%

Shareholder Yield+5.0%

Buyback Yield3.0%

Dividend Yield2.84%

Dividend / sh$2.80

Payout Ratio56%

FCF / sh$-4.57

EPS (diluted)$4.91

Compounder & Returns

Rule of 4031.2%

ROIC—

Cash ROIC (CROIC)-2.8%

GP / Assets7.7%

ROE4.7%

ROA1.8%

Gross Margin4.8%

Oper. Margin—

Net Margin1.2%

FCF Margin-1.2%

True FCF Margin-1.4%

Quality & Dilution

Cash Conversion-108%

Accrual Ratio−0.1%

SBC % of FCF—

SBC % of Rev0.1%

Reinvest. Rate208%

Sales Growth Y/Y+32.4%

Sales 3Y CAGR+1.5%

EPS Growth Y/Y−38.5%

FCF Growth Y/Y−267.7%

FCF 3Y CAGR—

Share Change Y/Y+17.0%

Balance Sheet & Scale

Revenue (FY)$70.3B

Gross Profit (FY)$3.4B

Oper. Income (FY)—

GAAP Net Income$816.0M

True FCF (ex-SBC)$-952.0M

Cash & Equiv$1.2B

Total Debt$15.4B

Net Cash (Debt)$-14.2B

Net Cash % MCap−76.3%

Debt / FCF (yrs)—

Current Ratio1.61192.14M sh

Price & Technicals (EOD)

Perf Week+2.62%

Perf Month−6.61%

Perf Quarter−9.08%

Perf Half Y−20.37%

Perf YTD−19.53%

SMA 20 Dist−3.05%$101.64

SMA 50 Dist−9.88%$109.34

SMA 100 Dist−11.33%$111.14

Window High−25.01%$131.41

Window Low+4.59%$94.22

RSI (14) · Vol39.834%v

Income Distribution & Cash Flow ConversionHow every dollar of BG revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$66.9B ($95.2 / $100)

R&D Reinvestment$28.0M ($0.0 / $100)

SG&A & Other OpEx$2.1B ($3.0 / $100)

Tax & Non-Operating$2.6B ($3.7 / $100)

Net Profit Kept$816.0M ($0.0 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$816.0M (1.2% margin)

Operating Cash Flow (OCF)$844.0M(1.2% of rev)

Less: Capital Expenditures−$1.7B(2.4% of rev)

Standard Free Cash Flow (FCF)$-879.0M(-1.2% margin)

Less: Stock-Based Comp (SBC)−$73.0M

True FCF (Owner Cash ex-SBC)$-952.0M(-1.4% of rev)

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$59.2B	$67.2B	$59.5B	$53.1B	$70.3B	+32.4%	+4.4%
Cost of Revenue (COGS)	$55.8B	$63.5B	$54.7B	$49.7B	$66.9B	+34.6%	+4.7%
Gross Profit	$3.4B	$3.7B	$4.8B	$3.4B	$3.4B	+0.5%	+0.3%
Research & Development (R&D)	$33.0M	$33.0M	$35.0M	$30.0M	$28.0M	−6.7%	−4.0%
Selling, General & Admin (SG&A)	$1.2B	$1.4B	$1.7B	$1.8B	$2.1B	+19.0%	+14.4%
Interest Expense	$243.0M	$403.0M	$516.0M	$471.0M	$628.0M	+33.3%	+26.8%
Income Tax Expense	$398.0M	$388.0M	$714.0M	$336.0M	$288.0M	−14.3%	−7.8%
GAAP Net Income	$2.1B	$1.6B	$2.2B	$1.1B	$816.0M	−28.2%	−20.8%
Diluted EPS	$13.64	$10.51	$14.87	$7.99	$4.91	−38.5%	−22.5%
Diluted Shares	152.4M	153.1M	150.8M	142.2M	166.5M	+17.0%	+2.2%
Balance Sheet
Cash & Equivalents	$905.0M	$1.2B	$2.6B	$3.3B	$1.2B	−65.0%	+6.5%
Inventory	$16.6B	$8.4B	$7.1B	$6.5B	$13.2B	+103.3%	−5.6%
Total Current Assets	$29.2B	$16.8B	$16.4B	$16.0B	$24.4B	+52.8%	−4.4%
Total Assets	$23.8B	$24.6B	$25.4B	$24.9B	$44.5B	+78.8%	+16.9%
Total Current Liabilities	$19.4B	$9.6B	$7.7B	$7.4B	$15.1B	+103.5%	−6.1%
Total Debt (Short + Long Term)	$18.1B	$5.0B	$4.9B	$6.9B	$15.4B	+122.8%	−3.9%
Stockholders' Equity	$7.8B	$10.0B	$11.8B	$10.9B	$17.4B	+58.7%	+22.1%
Net Cash / (Net Debt)	$-17.2B	$-3.8B	$-2.3B	$-3.6B	$-14.2B	−297.4%	—
Invested Capital	$25.0B	$13.8B	$14.1B	$14.5B	$31.6B	+117.5%	+6.0%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$-2.9B	$-5.5B	$3.3B	$1.9B	$844.0M	−55.6%	—
Depreciation & Amortization (D&A)	$424.0M	$408.0M	$451.0M	$468.0M	$703.0M	+50.2%	+13.5%
Stock-Based Compensation (SBC)	$61.0M	$65.0M	$69.0M	$65.0M	$73.0M	+12.3%	+4.6%
Capital Expenditures (CapEx)	$399.0M	$555.0M	$1.1B	$1.4B	$1.7B	+25.2%	+44.2%
Free Cash Flow (FCF)	$-3.3B	$-6.1B	$2.2B	$524.0M	$-879.0M	−267.7%	—
True FCF (ex-SBC Owner Cash)	$-3.4B	$-6.2B	$2.1B	$459.0M	$-952.0M	−307.4%	—
Share Repurchases (Buybacks)	$100.0M	$200.0M	$600.0M	$1.1B	$551.0M	−49.9%	+53.2%
Dividends Paid	$289.0M	$349.0M	$383.0M	$378.0M	$459.0M	+21.4%	+12.3%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what BG did at the next close after each story

No Wire story has named BG yet.

What happened · big days

12 big days in a year, and what we hold on each

A big day is a close more than 3.38% from the one before, three times BG’s median day (1.13%). We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±3.38%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayBGWhat we hold that dayGroup

1 Jan 2, 2026+4.00%
Before our stories
1Jan 2, 2026+4.00%
Before our stories
No group that day
2 Jan 8, 2026+5.31%
Before our stories
2Jan 8, 2026+5.31%
Before our stories
No group that day
3 Jun 1, 2026+5.41%
Before our stories
3Jun 1, 2026+5.41%
Before our stories
No group that day
4 Jul 8, 2026+3.90%
Nothing on BG
4Jul 8, 2026+3.90%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
5 Jul 29, 2026−8.17%
Results
5Jul 29, 2026−8.17%
ResultsFirst close after the Jul 29 results filing
No group that day
6 Aug 10, 2026+3.94%
Nothing on BG
6Aug 10, 2026+3.94%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
7 Aug 28, 2026+3.50%
Nothing on BG
7Aug 28, 2026+3.50%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
8 Sep 1, 2026+4.16%
Nothing on BG
8Sep 1, 2026+4.16%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
9 Sep 8, 2026+4.36%
Nothing on BG
9Sep 8, 2026+4.36%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
10 Sep 16, 2026−3.80%
Nothing on BG
10Sep 16, 2026−3.80%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
11 Oct 9, 2026−4.72%
Nothing on BG
11Oct 9, 2026−4.72%
Nothing on BGNo BG story, brief or results filing in our record that day
No group that day
12 Oct 29, 2026−4.74%
Results
12Oct 29, 2026−4.74%
ResultsFirst close after the Oct 29 results filing
No group that day

A story on the same day is not a cause, and a group move is not proof either.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). BG reports before the open, so day 1 is that day’s close. Each time, day 6 ended on the same side as day 1.

Reported Nov 5, 2025

day 1+1.78%day 6+2.56%

Reported Feb 4, 2026

day 1+0.30%day 6+4.41%

Reported Apr 29, 2026

day 1−0.04%day 6−0.25%

Reported Jul 29, 2026

day 1−8.17%day 6−9.16%

Next report: expected late January to early FebruaryEstimated from the dates of its last four results filings. Not announced. Since the Oct 29 report: −3.76%. Four reports is a small sample.

Every report since 2024 →

Each line is BG’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

BG against two same-industry peers, a year at 100

BG is up 2.4% in a year. Darling Ingredients is up 60.8% and Archer-Daniels-Midland 24.3%. Both did more. Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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BG +2.4%. Darling Ingredients +60.8%, Archer-Daniels-Midland +24.3%. Weekly closes, Nov 7, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The two peers are the largest US-listed companies by market value in BG’s SEC industry (Fats & Oils) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

ADM	Archer-Daniels-Midland	$34.1B	−0.52%
DAR	Darling Ingredients	$8.3B	−3.06%