Bunge Limited — Earnings Quality Grade F
BG · Consumer Defensive
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 20 days, change +5 days YoY
AR growth 80.2% exceeds revenue growth 32.4%
Revenue grew 32.4% but CFFO declined -55.6%
Expense Quality
Inventory growth 103.3% exceeds COGS 34.6%
CapEx growth 25.2% vs revenue 32.4%. Normal
SG&A/Gross Profit = 62.0%. Normal
Gross margin 4.8%, change -1.5pp. Stable
Cash Flow Quality
CFFO/NI = 1.03. Profits backed by cash
FCF < 50% of Net Income for 2 years
Accruals ratio = -0.1%. Low accruals
Cash $2.2B covers only 14% of debt $15.9B
Balance Sheet Health
Goodwill+Intangibles $3.5B = 22% of equity. Manageable
Debt/EBITDA = 6.4x (>4x). Financial stress
Other assets grew 103.6% vs revenue 32.4%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 346% YoY
Manipulation Score
M-Score = -1.56 (> -1.78). LIKELY MANIPULATOR
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10