BUNGE LIMITED Reports Second Quarter FY2023 Earnings Results for June 30 2023
August 8, 2023
🌧️Earnings Overview
On August 2 2023, BUNGE LIMITED ($NYSE:BG) reported their financial results for the second quarter of FY2023, which ended on June 30 2023. Total revenue for the quarter was USD 15049.0 million, a decrease of 16.1% from the same period in the prior year. Net income was USD 622.0 million, compared to USD 206.0 million in the same quarter of the previous fiscal year.
Price History
The company’s stock opened at $110.0 and closed at $112.9, which was a 4.1% increase over the prior closing price of 108.4. Overall, the company showed good progress in its second quarter earnings report for June 30 2023. Despite the challenging environment due to the pandemic, BUNGE LIMITED was able to deliver solid financial results due to its focus on cost efficiency and disciplined capital allocation. The company’s stock price reacted positively to the news, ending the day up by 4.1%. Live Quote…
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% |
Analysis
At GoodWhale, we analyze BUNGE LIMITED‘s fundamentals to provide investors with deeper insights into the company’s financial health. According to our Star Chart analysis, BUNGE LIMITED has an intermediate health score of 4/10, which suggests that it is likely to sustain future operations in times of crisis. We find that BUNGE LIMITED is strong in dividend and medium in asset, growth, profitability. Based on this analysis, we classify BUNGE LIMITED as a ‘cheetah’, which is a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are interested in this kind of company may look to invest in BUNGE LIMITED if they are willing to take on higher risk for potentially higher rewards. More…
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 reported their second quarter FY2023 earnings results on August 2, 2023. Total revenue for the quarter was USD 15049.0 million, representing a decrease of 16.1% from the same period last year. Despite the decrease in revenue and net income, the stock price moved up the same day, indicating that investors are confident in BUNGE LIMITED’s future prospects. Investors should consider the company’s financial health, competitive landscape, and potential strategic partnerships when making a decision to invest in BUNGE LIMITED.
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