Financials BHP Group Limited

Equities

BHP

AU000000BHP4

Diversified Mining

Market Closed - Australian S.E. 12:10:11 2024-02-23 am EST 5-day change 1st Jan Change
44.55 AUD +0.56% Intraday chart for BHP Group Limited -2.32% -11.62%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 139,218 116,017 169,397 143,969 151,748 148,053 - -
Enterprise Value (EV) 1 148,433 129,555 174,904 144,302 162,914 158,544 157,309 156,200
P/E ratio 18.1 x 15.7 x 16.3 x 4.67 x 11.8 x 12 x 10.3 x 10.9 x
Yield 4.6% 4.86% 8.27% 11.4% 5.67% 5.33% 5.24% 5.11%
Capitalization / Revenue 3.14 x 2.7 x 2.79 x 2.21 x 2.82 x 2.6 x 2.69 x 2.8 x
EV / Revenue 3.35 x 3.02 x 2.88 x 2.22 x 3.03 x 2.79 x 2.86 x 2.95 x
EV / EBITDA 6.41 x 5.87 x 4.68 x 3.55 x 5.83 x 5.27 x 5.36 x 5.58 x
EV / FCF 13.8 x 16.1 x 8.7 x 5.72 x 13.6 x 15.3 x 15.6 x 14.9 x
FCF Yield 7.24% 6.23% 11.5% 17.5% 7.35% 6.53% 6.42% 6.72%
Price to Book 3.17 x 2.61 x 3.59 x 3.2 x 3.41 x 3.21 x 2.95 x 2.73 x
Nbr of stocks (in thousands) 5,057,685 5,056,735 5,057,690 5,061,151 5,064,466 5,067,025 - -
Reference price 2 28.89 24.72 36.41 28.45 29.96 29.22 29.22 29.22
Announcement Date 8/19/19 8/17/20 8/17/21 8/15/22 8/21/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,288 42,931 60,817 65,098 53,817 56,923 54,993 52,963
EBITDA 1 23,158 22,071 37,379 40,634 27,956 30,110 29,332 28,008
EBIT 1 17,065 15,874 30,291 34,400 22,820 23,802 23,525 21,958
Operating Margin 38.53% 36.98% 49.81% 52.84% 42.4% 41.81% 42.78% 41.46%
Earnings before Tax (EBT) 1 15,049 13,510 24,601 33,137 21,401 19,708 21,663 20,350
Net income 1 8,306 7,956 11,304 30,900 12,921 9,575 13,794 12,936
Net margin 18.75% 18.53% 18.59% 47.47% 24.01% 16.82% 25.08% 24.42%
EPS 2 1.599 1.570 2.235 6.093 2.547 2.426 2.839 2.681
Free Cash Flow 1 10,748 8,066 20,114 25,215 11,968 10,352 10,093 10,500
FCF margin 24.27% 18.79% 33.07% 38.73% 22.24% 18.19% 18.35% 19.83%
FCF Conversion (EBITDA) 46.41% 36.55% 53.81% 62.05% 42.81% 34.38% 34.41% 37.49%
FCF Conversion (Net income) 129.4% 101.38% 177.94% 81.6% 92.62% 108.11% 73.17% 81.17%
Dividend per Share 2 1.330 1.200 3.010 3.250 1.700 1.556 1.530 1.494
Announcement Date 8/19/19 8/17/20 8/17/21 8/15/22 8/21/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 Q1 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 22,294 20,637 25,639 35,178 30,527 34,571 12,992 25,713 28,104 27,232 29,599 29,374 29,016 28,969
EBITDA 12,084 9,987 14,680 22,699 18,463 22,171 - 13,230 14,726 13,875 16,414 - - -
EBIT 9,041 6,833 11,292 18,999 15,574 18,826 - 10,753 12,067 11,233 11,902 11,475 11,162 11,251
Operating Margin 40.55% 33.11% 44.04% 54.01% 51.02% 54.46% - 41.82% 42.94% 41.25% 40.21% 39.07% 38.47% 38.84%
Earnings before Tax (EBT) 7,790 5,720 8,826 15,775 14,493 18,644 - 10,181 11,220 3,982 12,950 - - -
Net income 4,868 3,088 3,876 7,428 9,443 21,457 - 6,457 6,464 927 8,753 - - -
Net margin 21.84% 14.96% 15.12% 21.12% 30.93% 62.07% - 25.11% 23% 3.4% 29.57% - - -
EPS 0.9602 - - - 1.866 - - 1.273 1.274 0.1830 - - - -
Dividend per Share 0.6500 - 1.010 - 1.500 1.750 - 0.9000 0.8000 - - - - -
Announcement Date 2/17/20 8/17/20 2/15/21 8/17/21 2/14/22 8/15/22 2/20/23 2/20/23 8/21/23 2/19/24 - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,215 13,538 5,507 333 11,166 10,491 9,256 8,147
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.3979 x 0.6134 x 0.1473 x 0.008195 x 0.3994 x 0.3484 x 0.3156 x 0.2909 x
Free Cash Flow 1 10,748 8,066 20,114 25,215 11,968 10,352 10,093 10,500
ROE (net income / shareholders' equity) 17.7% 19% 31.7% 49.5% 28.9% 30.9% 28.4% 23.9%
ROA (Net income/ Total Assets) 8.57% 8.81% 15.9% 30.3% 13.2% 15.6% 15.7% 14.4%
Assets 1 96,886 90,306 71,047 102,047 98,231 61,470 88,111 90,126
Book Value Per Share 2 9.120 9.480 10.10 8.880 8.790 9.090 9.910 10.70
Cash Flow per Share 2 3.440 3.100 5.370 5.780 3.690 4.310 4.460 4.310
Capex 1 6,250 7,640 6,606 5,855 6,733 9,781 9,843 9,293
Capex / Sales 14.11% 17.8% 10.86% 8.99% 12.51% 17.18% 17.9% 17.55%
Announcement Date 8/19/19 8/17/20 8/17/21 8/15/22 8/21/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
29.22 USD
Average target price
31.04 USD
Spread / Average Target
+6.22%
Consensus
1st Jan change Capi.
-11.62% 148 B $
-11.04% 113 B $
-20.40% 57 886 M $
+3.60% 49 514 M $
-9.35% 38 799 M $
-4.48% 20 484 M $
-2.39% 15 825 M $
+14.01% 13 759 M $
+3.79% 12 023 M $
-13.21% 8 553 M $
Integrated Mining
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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