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BHP Group Ltd ADR BHP Stock Quote

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Morningstar‘s Stock Analysis BHP

Valuation
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Is it the right time to buy or sell?
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Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

BHP's FVE of AUD 37 Retained on Strong 2022 Result; Shares Remain Overvalued

Jon Mills, CFA Equity Analyst

Business Strategy and Outlook

| Jon Mills, CFA |

BHP is the world’s largest miner by market capitalisation. Main operations span iron ore, copper, and metallurgical coal. Minor contributions are from thermal coal and nickel, while the company is developing its Jansen potash project in Canada. BHP 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.

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Company Profile BHP

Business Description

BHP is a global diversified miner mainly supplying iron ore, copper, and metallurgical coal. 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, Queensland coking coal, and Escondida copper. Onshore U.S. 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.

Contact
171 Collins Street, Level 18
Melbourne, VIC, 3000, Australia
T +61 396093333
Sector Basic Materials
Industry Other Industrial Metals & Mining
Most Recent Earnings —
Fiscal Year End Jun 30, 2023
Employees 39,210

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