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BHP Group Ltd ADR BHP

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Stock XNYS Rating as of
$86.74 +1.91 (2.25%)
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Stronger Copper Price Sees BHP's Fair Value Increased, but More Than Reflected in Share Price

Jon Mills

BHP is the world’s largest miner by market capitalization. Its main operations span iron ore and copper, with smaller contributions from metallurgical coal and thermal coal. It placed its nickel operations on care and maintenance due to low prices in 2024. BHP is also developing its Jansen potash project in Canada. It merged its oil and gas assets with Woodside Energy in June 2022, vesting the Woodside shares it received to BHP shareholders and exiting the sector. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuña copper joint venture in fiscal 2025.

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Price vs Fair Value

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BHP is trading at a LOCK|XRY&Rt premium.
Price
$86.74
Fair Value
Sk
Uncertainty
LOCK|Ccm&Z
1-Star Price
LOCK|.C^
5-Star Price
LOCK|.%
Economic Moat
LOCK|#fN
Capital Allocation
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Bulls Say, Bears Say

Bulls

BHP is likely to increase copper production from existing as well as new mines such as Vicuña over the next decade.

Bears

BHP has shown improved capital allocation since its missteps 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
$84.83
Day Range
$85.23–86.75
52-Week Range
$52.18–98.71
Bid/Ask
$85.50 / $88.20
Shares Outstanding
2.54B
Market Cap
$220.45B
Volume/Avg
3M / 3M

Key Statistics

Price/Earnings (Normalized)
15.05
Price/Sales
3.76
Dividend Yield (Trailing)
3.97%
Dividend Yield (Forward)
4.57%
Dividend Payment Schedule
Mar, Sep
Total Yield
3.97%

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. It purchased copper miner Oz Minerals in fiscal 2023 and half of the Vicuña copper joint venture in fiscal 2025. It is entering the potash market through the development of its Jansen project in Canada. However, due to low prices, BHP placed its nickel business on care and maintenance in 2024.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Large Core
Total Number of Employees
90,000
Website
https://www.bhp.com

Competitors

Valuation

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Metric
BHP
RIO
NGLOY
Price/Earnings (Normalized)
 15.0513.9672.61
Price/Book Value
 4.482.783.47
Price/Sales
 3.762.923.06
Price/Cash Flow
 9.428.7512.05
Price/Earnings
BHP
RIO
NGLOY

Financial Strength

Metric
BHP
RIO
NGLOY
Quick Ratio
 1.440.931.42
Current Ratio
 1.881.422.27
Interest Coverage
 11.3610.652.55
Quick Ratio
BHP
RIO
NGLOY

Profitability

Metric
BHP
RIO
NGLOY
Return on Assets (Normalized)
 11.44%10.13%1.37%
Return on Equity (Normalized)
 27.20%20.84%4.30%
Return on Invested Capital (Normalized)
 17.58%15.78%2.68%
Return on Assets
BHP
RIO
NGLOY

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