As Bunge Leadership Transition Continues, We Lower Our FVE to $72 on Weaker Near-Term Expectations
On Jan. 22, Bunge announced preliminary 2018 results that were below our expectations, as the company reduced its adjusted segment EBIT guidance due to weaker-than-expected performance in the agribusiness and sugar and bioenergy segments. Having updated our model to reflect lower near-term profits, we are reducing our fair value estimate to $72 per share from $74 for no-moat Bunge. At current prices, we view Bunge as undervalued on a risk-adjusted basis, with the shares trading firmly in 4-star ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.