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

$47.42

07 Dec
2023

0.190

OPEN

$46.90

0.40%

HIGH

$47.42

5,756,077

LOW

$46.73

TARGET
$45.583

+0.47 change from previous day

 -3.9% downside
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) 410.9 xxx
DPS (cps) 239.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.6 xxx
Dividend Yield 5.0% xxx
Div Pay Ratio(%) 58.3% 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: 6.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.39

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 © 2023 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

0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

02/11/2023

3

Neutral

$43.00

-9.32%

Having taken an in-depth look into BHP Group's investment in Jansen Potash, UBS notes the higher opex due to inflation, but also the prospect for material potash surplus if supply from Russia and Belarus returns to the global market place by the 2030s.

Both countries represent some 10% of global supply, the broker points out. Other producers are equally of the intention to add more capacity.

Bottom line: the return from Jansen Potash might be a lot lower than projected previously. UBS is now of the view Jansen has turned into a higher risk endeavour.

The broker notes there has only been limited progress in 2023 with the above-ground infrastructure with only foundations for the processing plant visible.

Luckily for BHP, iron ore prices are expected to range-trade between US$100-130/tonne in the next six months, likely supporting the share price. Target $43. Neutral.

FORECAST
UBS forecasts a full year FY24 dividend of 232.42 cents and EPS of 386.36 cents.
UBS forecasts a full year FY25 dividend of 229.40 cents and EPS of 381.83 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

BHP STOCK CHART

FNArena News on BHP

1
Australian Broker Call *Extra* Edition – Dec 07, 2023

Dec 07 2023 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Dec 05, 2023

Dec 05 2023 - Daily Market Reports
3
Weekly Top Ten News Stories – 1 December 2023

Dec 01 2023 - Weekly Reports
4
ESG Focus: The Little Big Things – 30-11-2023

Nov 30 2023 - ESG Focus
5
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View

Latest Bulks News

1
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
2
Iron Ore: Uptrend

Sep 20 2023 - Technicals
3
ESG Focus: The Little Big Things – 14-09-2023 – IGO, Rio, BHP, Santos, Woodside

Sep 18 2023 - ESG Focus
4
Rudi Interviewed: Have Cash, Can Be Patient

Aug 10 2023 - Rudi's View
5
Organic And Inorganic Opportunities For Coronado

Jul 24 2023 - Australia
6
Whitehaven Coal Rebounds But Risks Rise

Jul 20 2023 - Australia
7
Iron Ore: Remain Neutral

Jul 12 2023 - Technicals
8
Mineral Resources: Downturn Complete

Jul 04 2023 - Technicals
9
Rio Tinto Bottoming Out

May 30 2023 - Technicals
10
Iron Ore: Look For Opportunity

May 17 2023 - Technicals