Bunge Limited Intrinsic Value – BUNGE LIMITED Reports 16.1% Decrease in Total Revenue for Q2 2023
August 16, 2023
🌧️Earnings Overview
The total revenue of BUNGE LIMITED ($NYSE:BG) for the second quarter ended June 30, 2023 was USD 15049.0 million, a decrease of 16.1% from the same period in the preceding fiscal year (FY2022). The results were announced on August 2, 2023.
Analysis – Bunge Limited Intrinsic Value
GoodWhale has conducted a financial analysis of BUNGE LIMITED and determined that the fair value of the share is $92.8. This value was calculated using GoodWhale’s proprietary Valuation Line. Currently, BUNGE LIMITED stock is being traded at $112.9, which is overvalued by 21.6%. Although the stock is currently trading higher than its fair value, GoodWhale believes that the stock is still a good investment opportunity. Investors should evaluate their own risk tolerance and decide if they are willing to take on the additional risk associated with an overvalued stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bunge Limited. More…
| Total Revenues | Net Income | Net Margin |
| 63.8k | 1.97k | 3.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bunge Limited. More…
| Operations | Investing | Financing |
| -620 | 3.25k | -2.12k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bunge Limited. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.71k | 14.35k | 66.09 |
Key Ratios Snapshot
Some of the financial key ratios for Bunge Limited are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.1% | 36.2% | 4.9% |
| FCF Margin | ROE | ROA |
| -2.4% | 19.5% | 7.6% |
Peers
The company has a strong competitive position in the markets it serves, with a diversified product portfolio and a large global footprint. Bunge’s competitors include Wide Open Agriculture Ltd, Charoen Pokphand Foods PCL, and TDH Holdings Inc.
– Wide Open Agriculture Ltd ($ASX:WOA)
Open Agriculture Ltd is an agricultural company that focuses on providing sustainable and innovative solutions to the agricultural industry. The company has a market cap of 50.6M as of 2022 and a Return on Equity of -25.04%. The company’s products and services include crop production, livestock management, and food processing.
– Charoen Pokphand Foods PCL ($SET:CPF)
Chron Pokphand Foods is one of the world’s largest producers of animal feed and processed foods. The company has a market capitalization of 201.52 billion as of 2022 and a return on equity of 3.64%. The company operates in Thailand, China, and other countries in Southeast Asia. It is a leading producer of chicken, shrimp, and pork. The company also produces a wide range of processed foods, including ready-to-eat meals, snacks, and beverages.
– TDH Holdings Inc ($NASDAQ:PETZ)
At TDH Holdings Inc, we specialize in providing innovative solutions for the food and beverage industry. Our focus is on developing new technologies and products that improve the efficiency and quality of food and beverage production. We also provide support services to our customers to ensure that they are able to maximize the benefits of our products and services.
Summary
BUNGE LIMITED has released their financials for the second quarter of 2023, reporting total revenue of USD 15049.0 million, a decrease of 16.1% compared to the same period in FY2022. Net income for the quarter was USD 622.0 million, compared to last year’s USD 206.0 million. Despite the negative revenue growth, the company’s stock price rose on the announcement of these results.
This can be seen as a positive sign for investors, indicating that they believe there is potential upside in BUNGE LIMITED’s future prospects. Going forward, investors should monitor the company’s revenue and earnings trends to determine whether or not the stock is likely to continue to appreciate.
