BHP GROUP LIMITED (BHP)
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BHP

BHP - BHP GROUP LIMITED

FNArena Sector : Bulks
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.98
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

$40.81

12 Sep
2025

0.540

OPEN

$40.62

1.34%

HIGH

$40.89

5,093,254

LOW

$40.46

TARGET
$43.483 6.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
BHP: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 278.0 xxx
DPS (cps) 149.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.7 xxx
Dividend Yield 3.7% xxx
Div Pay Ratio(%) 53.8% 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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: 12/09 - ex-div 109.21c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx274.5
DPS All xxxxxxxxxxxxxxx171.0
Sales/Revenue xxxxxxxxxxxxxxx79,153.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,433.1
Net Operating Cash Flow xxxxxxxxxxxxxxx28,862.1 M
Net Profit Margin xxxxxxxxxxxxxxx17.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx19.92 %
Return on Invested Capital xxxxxxxxxxxxxxx13.79 %
Return on Assets xxxxxxxxxxxxxxx8.72 %
Return on Equity xxxxxxxxxxxxxxx19.92 %
Return on Total Capital xxxxxxxxxxxxxxx26.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx4,464.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3,079 M
Long Term Debt xxxxxxxxxxxxxxx34,299 M
Total Debt xxxxxxxxxxxxxxx37,379 M
Goodwill - Gross xxxxxxxxxxxxxxx2,123 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx18,566 M
Price To Book Value xxxxxxxxxxxxxxx2.56

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx15,122.8 M
Capex % of Sales xxxxxxxxxxxxxxx19.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx42,251 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7,229 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7,979 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
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Sentiment Indicator

0.3

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

20/08/2025

2

Accumulate

$42.50

4.14%

BHP Group’s FY25 result was broadly in line with Ord Minnett and consensus forecasts, supported by a strong copper performance offsetting weaker iron ore and coal, explains Ord Minnett.

A higher-than-expected dividend was declared, while unit cost guidance for FY26 came in below the broker's forecasts and capital expenditure guidance exceeded expectations.

Management has delayed copper growth in South Australia by at least a year, keeping output steady at 310,000-340,000 tonnes until FY30 instead of lifting towards 400,000 tonnes as the market expected, explains the broker.

In contrast, -US$900m is being directed to a sixth car dumper at Pilbara to support iron ore at 305mtpa from FY29. Management also flagged this rate could be lower, marking a first for WAIO guidance, highlight the analysts.

To fund growth while maintaining returns, BHP has lifted its net debt target range to US$10-20bn from US$5-15bn, leading the broker to raise its dividend payout forecast to 60% from 50%.

Ord Minnett cuts its EPS forecasts by -3.2% for FY26, -2.4% for FY27 and -1.5% for FY28 due to higher expected interest costs and depreciation despite lower unit costs.

The broker raises its target price to $42.50 from $41.00 and retains an Accumulate rating.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 106.99 cents and EPS of 194.14 cents.
Ord Minnett forecasts a full year FY27 dividend of 119.40 cents and EPS of 216.47 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
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No. Of Recommendations

0

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
Access Extra Coverage Research History >

BHP STOCK CHART

FNArena News on BHP

1
Next Week At A Glance – 15-19 Sep 2025

Sep 12 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Sep 11, 2025

Sep 11 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 22-08-25

Aug 25 2025 - Weekly Reports
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FNArena Corporate Results Monitor – 20-08-2025

Aug 20 2025 - Australia
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Aug 14 2025 - Rudi's View

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