BHP GROUP LIMITED (BHP)
Share Price Analysis and Chart

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BHP - BHP GROUP LIMITED

FNArena Sector : Bulks
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.72
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

BHP Group is an Anglo-Australian multinational bulks, metals and (soon to be) potash producer. BHP is Australia's largest company by market cap, representing circa 11% of the ASX200. As the Broken Hill Proprietary Co it was first listed in August 1885.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$39.90

23 Dec
2024

0.310

OPEN

$39.50

0.78%

HIGH

$39.90

4,301,982

LOW

$39.34

TARGET
$45.97 15.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
BHP: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 328.3 xxx
DPS (cps) 177.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.1 xxx
Dividend Yield 4.5% xxx
Div Pay Ratio(%) 54.2% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 5.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.90

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/09 - ex-div 125c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx237.8
DPS All xxxxxxxxxxxxxxx220.6
Sales/Revenue xxxxxxxxxxxxxxx84,936.7 M
Book Value Per Share xxxxxxxxxxxxxxx1,323.3
Net Operating Cash Flow xxxxxxxxxxxxxxx31,535.8 M
Net Profit Margin xxxxxxxxxxxxxxx14.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx17.99 %
Return on Invested Capital xxxxxxxxxxxxxxx13.05 %
Return on Assets xxxxxxxxxxxxxxx7.89 %
Return on Equity xxxxxxxxxxxxxxx17.99 %
Return on Total Capital xxxxxxxxxxxxxxx33.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6,369.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx3,120 M
Long Term Debt xxxxxxxxxxxxxxx27,901 M
Total Debt xxxxxxxxxxxxxxx31,022 M
Goodwill - Gross xxxxxxxxxxxxxxx2,083 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx19,105 M
Price To Book Value xxxxxxxxxxxxxxx3.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx14,151.0 M
Capex % of Sales xxxxxxxxxxxxxxx16.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx41,080 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8,691 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,329 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Macquarie

09/12/2024

1

Outperform

$42.00

5.26%

Macquarie updates its commodity price outlook and remains underweight on iron ore, copper, lithium, zinc, manganese, and thermal coal in the medium term. In the short term, the iron ore price forecast is lifted by 5% to US$96/t in 2025.

Longer term, the broker is more positive on copper and lithium. Met coal price forecasts are cut by -17%.

Forex assumptions are lowered by -6% for 2025 and -4% for 2026.

The broker lowers BHP Group's EPS forecasts by -1% and -5% for FY25/FY26 due to the change in met coal assumptions.

The Outperform rating is retained, with BHP Group remaining the preferred major. The target price slips to $42 from $44.

FORECAST
Macquarie forecasts a full year FY25 dividend of 163.36 cents and EPS of 291.03 cents.
Macquarie forecasts a full year FY26 dividend of 155.80 cents and EPS of 283.32 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

05/12/2024

1

Buy

$47.40

18.80%

Goldman Sachs attended BHP Group’s investor tour of the Escondida and Spence copper mines in Chile where ten projects were outlined costing potentially up to -US$15bn to offset -400kt of depletion.

The broker does not think higher Chilean capex and the announced Filo Del Sol and Josemaria acquisitions preclude BHP from looking at further inorganic copper opportunities including producing copper assets.

Goldman notes BHP has an attractive valuation, but at a premium to Rio Tinto ((RIO)), with modest free cash flow below Rio Tinto. The broker remains bullish on copper. Buy retained, target $47.40.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 149.75 cents and EPS of 301.01 cents.
Goldman Sachs forecasts a full year FY26 dividend of 163.36 cents and EPS of 326.73 cents.
Access Extra Coverage Research History >

BHP STOCK CHART

FNArena News on BHP

1
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View
2
ESG Focus: The Little Big Things – 19-12-2024

Dec 23 2024 - ESG Focus
3
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Dec 20 2024 - Commodities
4
Rudi’s View: Banks, WiseTech, Redox & Integral Diagnostics

Dec 19 2024 - Rudi's View
5
Next Week At A Glance -16-20 Dec 2024

Dec 13 2024 - Weekly Reports

Latest Bulks News

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Fortescue Looks Poised

Nov 05 2024 - Technicals
2
Quality Ore Elevates A Champion

Oct 10 2024 - ESG Focus
3
BHP Shares Eyeing Return To $50

Oct 08 2024 - Technicals
4
The Downs And Ups Of Mineral Resources

Sep 19 2024 - Commodities
5
Awaiting BHP’s Break-Out

Sep 03 2024 - Technicals
6
Opportunity In Beaten-Down Iron Ore Miners?

Aug 05 2024 - Commodities
7
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
8
Fortescue Shares Oversold

Jul 09 2024 - Technicals
9
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Jun 27 2024 - Rudi's View
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