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Bunge Altman Z-Score

: 3.62 (As of Today)
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Good Sign:

Altman Z-score of 3.63 is strong.

Bunge has a Altman Z-Score of 3.62, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Bunge's Altman Z-Score or its related term are showing as below:

NYSE:BG' s Altman Z-Score Range Over the Past 10 Years
Min: 2.18   Med: 3.3   Max: 4.62
Current: 3.63

2.18
4.62

During the past 13 years, Bunge's highest Altman Z-Score was 4.62. The lowest was 2.18. And the median was 3.30.


Bunge Altman Z-Score Historical Data

The historical data trend for Bunge's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bunge Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.76 3.87 3.66 3.22 2.99

Bunge Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.01 3.03 2.99 3.37 3.58

Competitive Comparison

For the Farm Products subindustry, Bunge's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Bunge Altman Z-Score Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bunge's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Bunge's Altman Z-Score falls into.



Bunge Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Bunge's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.2884+1.4*0.3292+3.3*0.1097+0.6*0.6965+1.0*2.0379
=3.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2021:
Total Assets was $25,085 Mil.
Total Current Assets was $17,555 Mil.
Total Current Liabilities was $10,321 Mil.
Retained Earnings was $8,259 Mil.
Pre-Tax Income was 419 + 1109 + 666 + 305 = $2,499 Mil.
Interest Expense was -54 + -73 + -70 + -56 = $-253 Mil.
Revenue was 15391 + 12961 + 12610 + 10159 = $51,121 Mil.
Market Cap (Today) was $12,365 Mil.
Total Liabilities was $17,754 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(17555 - 10321)/25085
=0.2884

X2=Retained Earnings/Total Assets
=8259/25085
=0.3292

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2499 - -253)/25085
=0.1097

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=12364.801/17754
=0.6965

X5=Revenue/Total Assets
=51121/25085
=2.0379

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Bunge has a Altman Z-Score of 3.62 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Bunge  (NYSE:BG) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Bunge Altman Z-Score Related Terms

Thank you for viewing the detailed overview of Bunge's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Bunge Business Description

Bunge logo
Industry
Address
1391 Timberlake Manor Parkway, St. Louis, MO, USA, 63017
Founded in 1818, Bunge is a global agribusiness and food company with operations along the farm-to-consumer food chain. The agribusiness segment generates roughly two thirds of profits and includes the largest oilseed processing capacity globally. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products.
Executives
Wagner Robert officer: Chief Risk Officer 1391 TIMBERLAKE MANOR PARKWAY CHESTERFIELD MT 63017
Browner Carol M. director C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Mauger Pierre officer: Chief Transformation Officer C/O BUNGE LIMITED, 50 MAIN STREET 6TH FLOOR WHITE PLAINS NY 10606
Winship Henry Ward Iv director PO BOX 8614 RANCHO SANTA FE CA 92067
Padilla Raul officer: President, Global Operations C/O BUNGE LTD 50 MAIN STREET WHITE PLAINS NY 10606
Borg Deborah officer: EVP & Chief HR, Comms Officer C/O BUNGE LIMITED, 50 MAIN STREET 8TH FLOOR WHITE PLAINS NY 10606
Dimopoulos Christos officer: Pres., Global Supply Chains C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Neppl John W officer: EVP, Chief Financial Officer 1811 AKSARBEN DRIVE OMAHA NE 68106
Zachman Brian officer: President Global Risk Mgmnt C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Buettner Aaron officer: SVP, Bunge Loders Croklaan C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Podwika Joseph officer: EVP and Chief Legal Officer C/O BUNGE LIMITED 50 MAIN STREET, 6TH FLOOR WHITE PLAINS NY 10606
Simmons Jerry Matthews Jr officer: Controller, Principal Actg Off TWO N. NINTH STREET ALLENTOWN PA 18101
Bair Sheila Colleen director 6903 ROCKLEDGE DRIVE, SUITE 1500 BETHESDA MD 20817
Fribourg Paul J director 667 MADISON AVE NEW YORK NY 10021
Fyrwald J Erik director LILLY CORPORATE CENTER INDIANAPOLIS IN 46285

Bunge Headlines

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