Bunge Q4 results beat expectations; forecasts 2026 capex $1.5 bln-$1.7 bln

Overview

• Agribusiness solutions provider's Q4 revenue beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company completed transformational combination with Viterra, expanding global footprint

Outlook

• Bunge expects full-year 2026 adjusted EPS between $7.50 and $8.00

• Company anticipates 2026 capital expenditures of $1.5 bln to $1.7 bln

• Bunge projects 2026 net interest expense between $575 mln and $625 mln

Result Drivers

• EXPANDED FOOTPRINT - Higher Q4 adjusted EBIT in all segments driven by expanded footprint and capabilities post-Viterra merger

• SOYBEAN PROCESSING - Improved results due to increased production capacity in Argentina and higher merchandised volumes

• SOFTSEED PROCESSING - Higher average processing margins and Viterra's assets boosted results

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the food processing peer group is "buy"

• Wall Street's median 12-month price target for Bunge Global ltd is $110.00, about 5.9% below its February 3 closing price of $116.88

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw25Q1hxa

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