On May 4th, Bunge Limited (BG) reported on the first quarter ended March 31st 2021. For the period, net income was $831 million on revenue of $12.96 billion with an EPS of $5.52. Comparative figures for Q1 of FY 2020 were a net loss of ($207) million on sales of $9.17 billion with negative a EPS of $(1.46).
The Company posted total assets of $24.53 billion and carries long term debt of $4.34 billion. In commenting on results Greg Heckman, CEO, stated “Our outstanding results in the first quarter reflected the fundamental strength of Bunge’s platform and the benefits our integrated global approach to the farmers and end customers.” He added, “Working together across value chains our teams are capturing opportunities while effectively adapting to dynamic market environments.”
In reviewing company segments, the following data was extracted from the report:
- Agribusiness generated an EBITA of $836 million on net sales of $9,791 million including
- Processing generated an EBITA of $729 million
- Merchandising generated an EBITA of $107
- Refined and Specialty Oils generated a segment EBITA of $308 million on net sales of $2,726 million
- Milling generated an EBITA of $12 million on net sales of $390 million
- The Sugar and Bioenergy segment generated an EBITA of $20 million on sales of $54 million
The company forecast full-year 2021 adjusted EPS of approximately $7.50 per share.
Bunge Limited has a market capitalization of $12.27 billion. The company has traded over the past 52-weeks in a range of $32.68 to $89.23 with a 50-day moving average of $80.72 and a forward P/E of 13.9. On a 12-month trailing basis, the company posted an operating margin of 3.4 percent and profit margin of 2.8 percent. The company generated a return on assets of 4.2 percent and 17.9 percent on equity.