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: 0.83
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

$41.19

25 Jul
2024

-0.370

OPEN

$41.38

-0.89%

HIGH

$41.53

6,176,419

LOW

$41.15

TARGET
$45.667 10.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
RIO .
FNARENA'S MARKET CONSENSUS FORECASTS
BHP: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 402.6 xxx
DPS (cps) 208.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.5 xxx
Dividend Yield 5.0% xxx
Div Pay Ratio(%) 51.8% 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: 4.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.17

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: 07/03 - ex-div 110.02c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx379.3
DPS All xxxxxxxxxxxxxxx261.4
Sales/Revenue xxxxxxxxxxxxxxx80,007.7 M
Book Value Per Share xxxxxxxxxxxxxxx1,319.9
Net Operating Cash Flow xxxxxxxxxxxxxxx27,802.1 M
Net Profit Margin xxxxxxxxxxxxxxx24.01 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx29.06 %
Return on Invested Capital xxxxxxxxxxxxxxx21.94 %
Return on Assets xxxxxxxxxxxxxxx13.22 %
Return on Equity xxxxxxxxxxxxxxx29.06 %
Return on Total Capital xxxxxxxxxxxxxxx32.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,932.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx10,776 M
Long Term Debt xxxxxxxxxxxxxxx22,793 M
Total Debt xxxxxxxxxxxxxxx33,569 M
Goodwill - Gross xxxxxxxxxxxxxxx2,087 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx18,714 M
Price To Book Value xxxxxxxxxxxxxxx3.41

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx10,530.0 M
Capex % of Sales xxxxxxxxxxxxxxx13.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx38,879 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8,333 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,109 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

0.4

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

18/07/2024

3

Neutral

$43.00

4.39%

BHP Group's 4Q production was "strong" according to UBS, as all segments either matched or exceeded FY24 expectations, though FY25 guidance was softer-than-expected.

Shipments of iron ore in Q4 were in line with forecasts by the broker and consensus, while FY25 guidance for between 282-294mt is flat year-on-year and shy of the consensus forecast.

The broker now anticipates a 2H dividend of US69cps, which is around -11% below the US77cps consensus estimate. 

UBS expects management to lift capex materially in FY25/26, the outlook for China/iron ore is uncertain, and net debt is still at the top end of the targeted range.

The target falls to $43 from $44 and the Neutral rating remains.

FORECAST
UBS forecasts a full year FY24 dividend of 215.10 cents and EPS of 387.49 cents.
UBS forecasts a full year FY25 dividend of 230.36 cents and EPS of 382.91 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

25/07/2024

1

Buy

$48.40

17.50%

Goldman Sachs believes the Big Australian ended the financial year on a strong note for all key divisions. Copper production was the strongest output result in 15 years.

Reaslised prices outperformed the broker's expectations. Unit costs will come out at the upper end of guidance, the broker suspects.

Buy rating remains in place as the valuation is still seen as attractive, even if it remains at a relative premium vis a vis Rio Tinto ((RIO)).

Goldman Sachs remains bullish on copper. Target $48.40. Estimates for FY25 have fallen slightly.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 216.63 cents and EPS of 393.59 cents.
Goldman Sachs forecasts a full year FY25 dividend of 187.64 cents and EPS of 341.72 cents.
Access Stockbroker Research History >

BHP STOCK CHART

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