Bunge Global SA (BG) is overvalued and Brasilagro Companhia Brasileira De Propriedade Agricola ADR (LND) is undervalued.
Against our estimates of intrinsic value, LND trades at the wider discount: a margin of safety of +35%, against -59% for BG.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 7.4% (average of 2 methods) values the shares at $64.65; the price of $103.11 is 59% above that value, and 81% of that value comes from beyond year five.
Leak Score 18/100 on 7 of 12 signals
Discounting its cash flows at 8.4% (average of 2 methods) values the shares at $5.69; the price of $3.68 is 35% below that value, and 78% of that value comes from beyond year five.
Leak Score 47/100 on 11 of 12 signals
| Metric | BG | LND |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $103.11 | $3.68 |
| Intrinsic value | $64.65 | $5.69 |
| Margin of safety | -59% | +35% |
| Leak Score | 18/100 (7/12) | 47/100 (11/12) |
| Market cap | $19.8B | $365M |
| Revenue growth, 5 years | 11.2% | 7.2% |
| Operating margin | 2.2% | -0.4% |
| Net margin | 1.1% | -10.0% |
| Return on equity | 7.5% | -4.3% |
| Debt to equity | 1.06 | 0.71 |
| P/E | 20.0x | — |
| Forward P/E | 9.2x | — |
| P/B | 1.2x | 0.9x |
| Dividend yield | 2.8% | 3.9% |