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BHP Group Ltd ADR BHP

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Stock XNYS Rating as of
$57.75 +0.04 (0.07%)
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As of Delayed Price Post-Trading: $57.81 +0.06
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Company Report

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Commodity Price Update Q3 2024: Value in Mineral Sands, Gold, and Thermal Coal

Jon Mills

Base metals prices surged earlier in the June quarter of 2024 before partially reversing due to concerns over China’s economy. Iron ore prices are broadly stable despite China's struggling property market and weak infrastructure spending, leading to questions over China's steel demand. After updating our commodity price assumptions, no-moat Iluka is the cheapest miner we cover, trading 31% below its unchanged fair value estimate of AUD 9.50.

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Price vs Fair Value

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BHP is trading within a range we consider fairly valued.
Price
$57.71
Fair Value
$25.00
Uncertainty
Medium
1-Star Price
$91.50
5-Star Price
$61.90
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

BHP is a beneficiary of continued global economic growth and demand for the commodities it produces.

Bears

BHP has shown improved capital allocation since its mis-steps during the China boom, but continuing high commodity prices could encourage it to once again aggressively expand output.

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Trading Information

Previous Close Price
$57.71
Day Range
$57.06–57.83
52-Week Range
$54.28–69.11
Bid/Ask
$57.81 / $58.00
Market Cap
$146.44 Bil
Volume/Avg
1.6 Mil / 2.4 Mil

Key Statistics

Price/Earnings (Normalized)
10.85
Price/Sales
2.65
Dividend Yield (Trailing)
5.27%
Dividend Yield (Forward)
5.27%
Total Yield
5.27%

Company Profile

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore US oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery-grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Large Value
Total Number of Employees
42,319
Website
https://www.bhp.com

Competitors

Valuation

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Metric
BHP
RIO
VALE
Price/Earnings (Normalized)
 10.8511.025.92
Price/Book Value
 3.532.421.28
Price/Sales
 2.652.401.16
Price/Cash Flow
 6.867.833.62
Price/Earnings
BHP
RIO
VALE

Financial Strength

Metric
BHP
RIO
VALE
Quick Ratio
 1.081.040.44
Current Ratio
 1.571.691.12
Interest Coverage
 7.598.048.36
Quick Ratio
BHP
RIO
VALE

Profitability

Metric
BHP
RIO
VALE
Return on Assets (Normalized)
 13.90%11.84%10.54%
Return on Equity (Normalized)
 31.67%22.48%25.04%
Return on Invested Capital (Normalized)
 21.70%19.38%18.68%
Return on Assets
BHP
RIO
VALE
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Other Industrial Metals & Mining Industry Comparables

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1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BHP Group Ltd
BHPLF
WRMDwwthsb$146.5 Bil
 Rio Tinto Ltd
RTNTF
—Qxtrz$130.8 Bil
 Rio Tinto PLC ADR
RIO
TtqgcymLqxgt$107.5 Bil
 Vale SA ADR
VALE
QrzNlnn$48.2 Bil
 Anglo American PLC ADR
NGLOY
FvgsydywqMlxp$37.3 Bil
 Teck Resources Ltd Class B (Sub Voting)
TECK
MyrwvfgVlc$24.8 Bil
 Lithium Americas Corp
LAC
MfffhkqkTrj$578.1 Mil
 Lithium Americas (Argentina) Corp
LAAC
LbxsznqLwtczwf$514.0 Mil
 Compass Minerals International Inc
CMP
BrwtfbbjYyynfkd$415.8 Mil

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