Bunge stock forecast 2027–2029
MyStockButler's October 2026 analysis: Bunge's weighted forecast is $59.24 a share in October 2027. It hinges on durable cash margins, Viterra savings and profitable project ramps in 2027.
Where could Bunge's shares be by 2029?
The probability-weighted path starts at $59.24 in October 2027, a 35% loss including dividends. It reaches $74.17 in October 2028, still a 17% loss. By October 2029, it is $92.44, a 6% gain.
At that final date, the bear-to-bull range is $9.23 to $221.13. Today's price is $96.02, so the forecast assigns meaningful downside even while the base case eventually produces a positive return. The bear, base and bull probabilities are 30%, 55% and 15%.
| Case | Probability | October 2027 | October 2028 | October 2029 |
|---|---|---|---|---|
| Bear | 30 % | 13.93 (-82 %) | 13.47 (-80 %) | 9.23 (-81 %) |
| Base | 55 % | 67.14 (-27 %) | 82.44 (-8 %) | 102.72 (+16 %) |
| Bull | 15 % | 120.88 (+29 %) | 165.21 (+79 %) | 221.13 (+140 %) |
| Weighted | 100 % | 59.24 (-35 %) | 74.17 (-17 %) | 92.44 (+6 %) |
What has to go right for Bunge, and what could go wrong?
The base case puts normal operating profit at $2,500 million in 2027, near the $2,493 million historical average. It rises to $2,650 million in 2028 and $2,800 million in 2029 as integration and plant utilization improve. The bear path starts at $2,000 million and recovers only to $2,300 million, reflecting weak crush and grain conditions. The bull path reaches $3,400 million by 2029 if savings, commercial links and new capacity work together. Bunge had already reached a $119 million annualized savings run-rate, while management maintained 2026 adjusted EPS guidance of $9.25–$9.75.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Normal operating profit | 2,500 (2,000 / 2,800) | 2,650 (2,200 / 3,100) | 2,800 (2,300 / 3,400) |
| Shares (millions) | 187 (191 / 183) | 182 (189 / 176) | 177 (188 / 168) |
| Dividends per share | 2.92 (2.88 / 3.00) | 3.00 (2.88 / 3.20) | 3.08 (2.88 / 3.40) |
| Enterprise value to normal operating profit | 12.00 (10.50 / 14.00) | 12.50 (10.00 / 15.00) | 13.00 (9.50 / 16.00) |
| Net debt | 17,472 (18,344 / 17,030) | 18,162 (19,452 / 17,506) | 18,218 (20,118 / 17,184) |
How much cash does Bunge really make?
Capital spending then changed the picture. After $1.723 billion of capital spending, conventional free cash flow was negative $879 million. Subtracting $73 million of stock pay gives negative $952 million under the table’s stricter convention. Stock pay is not a second cash payment that year; subtracting it recognises that the compensation still costs shareholders.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Cash from operations | 844 | 1,900 | 3,308 | -5,549 | -2,894 |
| − Capital spending | 1,723 | 1,376 | 1,122 | 555 | 399 |
| = Free cash flow | -879 | 524 | 2,186 | -6,104 | -3,293 |
| − Stock pay | 73 | 65 | 69 | 65 | 61 |
| = Real free cash flow | -952 | 459 | 2,117 | -6,169 | -3,354 |
| Real free cash flow, % of revenue | -1.4% | 0.9% | 3.6% | -9.2% | -5.7% |
What does an investor pay for Bunge today?
A P/E ratio compares the share price with earnings per share. Trailing and forward versions can differ because processing margins, acquisition costs and accounting timing change. EBITDA can aid comparison, but Bunge still expects 2026 capital spending toward the high end of $1.5 billion to $1.7 billion. Free cash flow is what remains after operating needs and investment; in the first nine months of 2026, Bunge used $2.302 billion in operating cash as working capital grew.