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

$42.39

25 Oct
2024

0.140

OPEN

$42.25

0.33%

HIGH

$42.54

5,505,292

LOW

$42.14

TARGET
$45.308 6.9% 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) 328.7 xxx
DPS (cps) 178.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.9 xxx
Dividend Yield 4.2% 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: 5.97%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.21

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 © 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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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

18/10/2024

1

Outperform

$44.00

3.80%

Observing BHP Group's 1Q25 results, Macquarie highlights met coal and copper came in better than consensus expectations with iron ore in line. The analyst explains M&A speculation and Samarco detracted from what is believed to a be a "good result".

Realised iron pre prices of US$80.1/wmt were -3% below the broker's estimate. Realised met coal and thermal coal prices were -4% and -10%, respectively, lower than estimates.

Speculation of a increased Samarco settlement weighed on sentiment. Macquarie highlights BHP Group may be able to facilitate a higher settlement of R$167bn in Brazil with no change in the cash profile due to favourable FX rates from lower bond yields.

Macquarie continues to prefer BHP Group over Rio Tinto ((RIO)) and maintains an Overweight rating.

Target price unchanged at $44.

FORECAST
Macquarie forecasts a full year FY25 dividend of 161.49 cents and EPS of 292.79 cents.
Macquarie forecasts a full year FY26 dividend of 162.99 cents and EPS of 297.31 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

02/09/2024

1

Buy

$49.10

15.83%

BHP Group's FY24 results revealed slight beats against consensus forecasts for underlying earnings (EBITDA) and profit. Higher group earnings were driven by an increase in copper equivalent production and higher commodity prices, explains Goldman Sachs.

Copper division earnings of US$8.6bn compared to the broker's US$7.7bn estimate due to a strong cost beat at South Australia copper and a revenue beat at Escondida in Chile.

FY25 production guidance is unchanged with unit cost guidance broadly in line with Goldman's forecast, implying an around 2% increase in unit costs. 

Medium-term capex guidance remains at US$11bn but will be reached by FY26 due to a higher spend on copper and items such as truck fleet replacement, explains the broker.

The US74c final dividend beat the broker's US70c forecast.

The target rises to $49.10 from $48.40. Buy.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 175.07 cents and EPS of 351.64 cents.
Goldman Sachs forecasts a full year FY26 dividend of 170.54 cents and EPS of 341.08 cents.
Access Extra Coverage Research History >

BHP STOCK CHART

FNArena News on BHP

1
Next Week At A Glance – 28 Oct -1 Nov 2024

Oct 25 2024 - Weekly Reports
2
Rudi’s View: Earnings, Best Ideas & Favourite Stock Picks

Oct 24 2024 - Rudi's View
3
Rudi’s View: Australia’s Most Highly Recommended Stocks

Oct 23 2024 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 18-10-24

Oct 21 2024 - Weekly Reports
5
Next Week At A Glance – 21-25 Oct 2024

Oct 18 2024 - Weekly Reports

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2
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3
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4
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Aug 05 2024 - Commodities
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Jul 19 2024 - Weekly Reports
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