BHP Group Limited (BHP) Report Analysis
Corporate Events
BHP Group Limited Announces Board Retirements
2022-05-19 08:32:00
BHP announced that Malcolm Broomhead and John Mogford will retire as non-executive directors at the conclusion of the 2022 BHP Group Limited Annual General Meeting (AGM). Mr. Mogford will step down from the role of Chair of the Sustainability Committee in June and Gary Goldberg will be appointed Chair of the Sustainability Committee. Mr. Goldberg has more than 35 years' global experience in the mining industry and has been the Senior Independent Director of BHP since December 2020.
BHP Group Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 09:00 AM
2022-05-17 09:15:00
BHP Group Limited Presents at Bank of America 2022 Global Metals, Mining and Steel Conference, May-17-2022 09:00 AM. Venue: Miami, Florida, United States. Speakers: Mike P. Henry, CEO & Executive Director.
BHP Group Limited Presents at 17th Annual BMO Capital Markets Global Farm to Market Conference, May-19-2022
2022-05-13 04:52:00
BHP Group Limited Presents at 17th Annual BMO Capital Markets Global Farm to Market Conference, May-19-2022 . Venue: The Lotte New York Palace, New York, United States. Speakers: David Mark Lamont, Chief Financial Officer.
BHP Group Updates Production Guidance for the Fiscal Year 2022
2022-04-21 10:08:00
BHP Group updated production guidance for the fiscal year 2022. For the year, the company now expects. Copper production of 1,570 –1,620 kt against previous guidance 1,590 –1,760.
BMO Capital Markets Corp., 17th Annual BMO Capital Markets Global Farm to Market Conference, May 18, 2022 through May 19, 2022
2022-04-01 17:12:00
BMO Capital Markets Corp., 17th Annual BMO Capital Markets Global Farm to Market Conference, May 18, 2022 through May 19, 2022. Venue: The Lotte New York Palace, New York, United States.
BHP Group Limited, H1 2022 Earnings Call, Feb 15, 2022
2022-02-13 10:38:00
BHP Group Limited, H1 2022 Earnings Call, Feb 15, 2022
BHP Group Limited to Report Nine Months, 2022 Results on Apr 21, 2022
2022-02-13 10:38:00
BHP Group Limited announced that they will report nine months, 2022 results on Apr 21, 2022
BHP Group Limited Announces Board Appointments
2022-02-09 23:01:00
BHP Group Limited has announced the appointment of Catherine Tanna to the BHP Board as an independent Non-executive Director with effect from 4 April 2022. Ms. Tanna has more than 30 years' experience in the resources sector. Ms. Tanna was the former Managing Director of Australian energy generation and retail company EnergyAustralia from 2014 to 2021. She has also held senior managerial roles for BG Group, Shell and BHP with experience operating in Australia, Asia, Europe and Africa. Ms Tanna was a director of the Reserve Bank of Australia from 2011 2021 and a director of the Business Council of Australia from 2016 2021. Ms. Tanna's appointment follows on from the previously announced appointment of Michelle Hinchliffe to the BHP Board from 1 March 2022.
BHP Group(NYSE:BBL) dropped from S&P/TSX Global Mining Index
2022-01-27 00:00:00
BHP Group(NYSE:BBL) dropped from S&P/TSX Global Mining Index
BHP Group(LSE:BHP) dropped from S&P Global BMI Index
2022-01-22 00:00:00
BHP Group(LSE:BHP) dropped from S&P Global BMI Index
BHP Group(LSE:BHP) dropped from S&P Global 1200
2022-01-22 00:00:00
BHP Group(LSE:BHP) dropped from S&P Global 1200
BHP Group(LSE:BHP) dropped from S&P International 700
2022-01-22 00:00:00
BHP Group(LSE:BHP) dropped from S&P International 700
BHP Group(LSE:BHP) dropped from S&P EUROPE 350
2022-01-22 00:00:00
BHP Group(LSE:BHP) dropped from S&P EUROPE 350
BHP Group(LSE:BHP) dropped from S&P EUROPE 350 - Materials (Sector)
2022-01-22 00:00:00
BHP Group(LSE:BHP) dropped from S&P EUROPE 350 - Materials (Sector)
BHP Group(LSE:BHP) dropped from S&P EUROPE 350 - Materials (Industry Group)
2022-01-22 00:00:00
BHP Group(LSE:BHP) dropped from S&P EUROPE 350 - Materials (Industry Group)
The Prospectors and Developers Association of Canada, PDAC 2022 Mineral Exploration & Mining Convention, Jun 13, 2022 through Jun 15, 2022
2022-01-18 05:36:00
The Prospectors and Developers Association of Canada, PDAC 2022 Mineral Exploration & Mining Convention, Jun 13, 2022 through Jun 15, 2022. Venue: Metro Toronto Convention Centre, Toronto, Ontario, Canada.
Boston Electrometallurgical Corporation announced that it has received $60.099976 million in funding from a group of investors
2021-12-31 00:00:00
In 2021, Boston Electrometallurgical Corporation closed the transaction. The company raised $9,999,992 in its final tranche. The company raised $60,099,976 in the transaction.
Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022
2021-12-22 06:08:00
Bank of America Corporation, Bank of America 2022 Global Metals, Mining and Steel Conference, May 17, 2022 through May 19, 2022. Venue: Miami, Florida, United States.
Energy Vault, Inc. Announces Strategic Agreement with BHP to Support Decarbonization of Natural Resources Production
2021-12-15 13:00:00
Energy Vault Inc. and BHP announced a joint collaboration that will focus on the deployment and implementation of Energy Vault’s energy storage solutions in BHP’s key operations and other potential applications for the technology. BHP Ventures, BHP’s internal venture capital unit, also joined other investors in a final close of Energy Vault’s Series C funding round announced earlier this year. The parties have signed a Memorandum of Understanding (“MOU”) focused on studying the application of Energy Vault’s technology to support power supply and energy storage at certain BHP operations while exploring opportunities for new applications relevant to BHP’s business. The companies will also assess local supply chain collaboration, eco-brick composite manufacturing (including the potential for beneficial re-use of mine tailings or waste), and joint maintenance and monitoring support centers. This represents an opportunity to facilitate Energy Vault’s further geographic expansion into the Australian and other global markets where BHP has operations starting in 2022. Energy Vault’s advanced gravity energy storage solutions are based on the proven physics and mechanical engineering fundamentals of pumped hydroelectric energy storage, but replace water with custom-made composite blocks which do not lose storage capacity over time. The blocks can be made from low-cost and locally sourced materials, including the excavated soil at the construction site, but can also utilize locally available waste materials such as mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades. Additionally, the Energy Vault systems are intended to minimize environmental and supply chain risks. The systems are automated with advanced computer control and machine vision software that orchestrate the charging and discharging cycles while meeting a broad set of storage durations starting from 2 hours and continuing to 12 hours or more.
BHP Group, BHP Group Plc - Pre Recorded M&A Call
2021-12-02 12:47:00
BHP Group Ltd and BHP Group PLC to Proceed with Unification Proposal
BHP Group - Shareholder/Analyst Call
2021-11-11 21:21:00
Annual General Meetings
BHP Group Announces Amendment to the Constitution Not Carried
2021-11-11 10:26:00
BHP Group at it's meeting of shareholders held virtually in Australia on 11 November 2021 announced that proposed Amendment to the Constitution are not carried.
BHP Group Presents at UBS Virtual European Conference, Nov-09-2021
2021-11-03 14:19:00
BHP Group Presents at UBS Virtual European Conference, Nov-09-2021 . Venue: London, United Kingdom. Speakers: James Bell, Vice President Investor Relations.
Deterra Royalties Limited Notes BHP's Quarterly Operational Review Released
2021-10-18 22:42:00
Deterra Royalties Limited noted BHP's quarterly operational review released. MAC achieved production for the September 2021 quarter of 22.3 million wet metric tonnes (Mwmt) (100% basis), this represents a 19% increase compared to the prior quarter. South Flank ramp up continues, with additional temporary crushing capacity to provide an ore for rail buffer during commissioning. Ramp up to a stated annual full production capacity of 80 Mwmt, on a 100% basis, over three years remains unchanged. The company receives an ongoing royalty of 1.232% of Australian dollar denominated quarterly FOB revenue from the MAC royalty area. Additional, one-off capacity payments of AUD 1 million per one million dry metric tonne (Mdmt) increase in annual mine production are determined for the period ending 30 June. The current demonstrated annual capacity level is set at 59Mdmt.
Harvard Business School, IMD International, Nikkei Inc., 23rd Nikkei Global Management Forum, Nov 09, 2021 through Nov 10, 2021
2021-10-14 06:00:00
Harvard Business School, IMD International, Nikkei Inc., 23rd Nikkei Global Management Forum, Nov 09, 2021 through Nov 10, 2021. Venue: IMPERIAL HOTEL, Tokyo, Japan.
Harvard Business School, IMD International, Nikkei Inc., 23rd Nikkei Global Management Forum, Nov 09, 2021 through Nov 10, 2021
2021-10-14 06:00:00
Harvard Business School, IMD International, Nikkei Inc., 23rd Nikkei Global Management Forum, Nov 09, 2021 through Nov 10, 2021. Venue: IMPERIAL HOTEL, Tokyo, Japan.
BHP Group Presents at 23rd Nikkei Global Management Forum, Nov-09-2021
2021-10-14 06:00:00
BHP Group Presents at 23rd Nikkei Global Management Forum, Nov-09-2021 . Venue: IMPERIAL HOTEL, Tokyo, Japan. Speakers: Mike P. Henry, CEO & Executive Director.
BHP and Encounter Resources Limited Expand Copper Partnership in the NT
2021-10-13 21:22:00
The directors of Encounter Resources Ltd. announced an expanded, formal Farm-in and Joint Venture Agreement covering Elliott has been agreed with BHP. This will increase the size of the Elliott farm in from 4,500km2 to 7,200km2 and the earn-in amount for BHP to earn a 75% interest has been increased from AUD 22 million to AUD 25 million. Elliott represents a compelling exploration opportunity in the under-explored Greater McArthur Superbasin that contains the key ingredients for the formation of large sediment-hosted copper deposits. An exploration program, including seismic surveys and diamond drilling, is planned to rapidly advance the understanding of the basin architecture and to define prospective deposition sites for sediment-hosted copper mineralization. In addition, Encounter continues to progress its commanding 100% owned copper exploration portfolio in the NT covering a further 19,000km2.
BHP Reportedly in Talks on Buying into Ivanhoe Mines' Copper Project
2021-10-05 00:00:00
BHP Group (ASX:BHP) is in talks about buying into a copper project in the Democratic Republic of the Congo, marking a dramatic departure from the world’s biggest mining company’s policy of shunning risky jurisdictions. BHP is in early discussions with Ivanhoe Mines Ltd. (TSX:IVN) to buy into Western Foreland, a huge exploration territory that neighbors Ivanhoe’s Kamoa-Kakula mine, according to people familiar with the matter, who asked not to be identified as the talks are private. There’s no guarantee BHP will agree a deal with Ivanhoe, and other mining companies are also interested in the project, the people said. Ivanhoe said in an emailed response that it doesn’t comment on specific negotiations. A spokesperson for BHP said the company declines to comment on market rumor and speculation.
BHP, Prime Planet Energy & Solutions and Toyota Tsusho Corporation Enters into Mou on the Back of Nickel Sulphate Supply
2021-10-04 07:51:00
BHP, Prime Planet Energy & Solutions (PPES) and Toyota Tsusho Corporation (TTC) are announcing a Memorandum of Understanding (MOU) for the creation of a Green Electric Vehicle (EV) Ecosystem that will enhance sustainability, recyclability and traceability. The MoU signed between the three organizations has established a collaboration framework beginning with the supply of nickel sulphate from BHP's new production plant in Nickel West (NiW), Western Australia to PPES. PPES is one of Japan's leading lithium-ion battery producers, and a joint venture between Toyota Motor Corporation (Toyota) and Panasonic Corporation. TTC is a general trading company that is part of the Toyota group. BHP will supply PPES with nickel sulphate from its recently constructed Nickel West facility in Western Australia. This will enable PPES to develop lower carbon batteries that will be supplied to EV manufacturers, including Toyota. Toyota Motor Corporation Australia (TMCA) and Nickel West will also collaborate on EV supply on the back of a successful EV trial in December 2020. In the MoU, the parties have agreed to seek to identify ways to make the Japanese battery supply chain more sustainable by lowering carbon emissions in battery value chains. The parties also intend to identify ways to implement standards for end-to-end raw materials traceability, ethical sourcing and human rights reporting. The parties will also explore the possibility of recycling battery scrap and used batteries at BHP's Nickel West for further processing and production of nickel bearing products.
BHP Group Presents at Sea Asia, Sep-21-2021 01:30 PM
2021-09-16 11:39:00
BHP Group Presents at Sea Asia, Sep-21-2021 01:30 PM. Speakers: Vandita Pant, Chief Commercial Officer.
BHP Group - Shareholder/Analyst Call
2021-09-15 05:10:00
To provide update on Jansen project
Susan Kilsby and Anita Frew to Retire from BHP Board
2021-09-13 22:23:00
BHP Group announced that Susan Kilsby and Anita Frew will retire after the BHP Group Limited and BHP Group Plc 2021 Annual General Meetings. As previously announced, Ms Kilsby was appointed Chair of the Board of Fortune Brands Home & Security Inc. in January 2021 and had confirmed her intention to retire as a BHP Director during 2021 and no later than the 2021 Annual General Meetings. Ms Frew joined the Board of Rolls Royce Holdings plc as a Non-executive Director in July 2021 and is Chair with effect from 1 October 2021. Both Directors will step down from the BHP Board given the time commitments associated with their respective chair appointments.
BHP Proposes Amendment to the Constitution
2021-09-13 22:22:00
BHP at its annual general meeting to be held on 11 November 2021, proposes amendment to the constitution.
BHP Announces the Appointment of Michelle Hinchliffe to the Board as an Independent Non-Executive Director, Effective 1 March 2022
2021-09-02 10:09:00
BHP has announced the appointment of Michelle Hinchliffe to the BHP Board as an independent Non-executive Director with effect from 1 March 2022. Ms Hinchliffe will also become a member of the Risk and Audit Committee effective 1 March 2022. Ms Hinchliffe is currently the UK Chair of Audit for KPMG. Michelle will retire from KPMG UK in February 2022 before joining the BHP Board. Ms Hinchliffe has over 30 years’ experience in KPMG’s financial services division and has spent time as a partner and member of the Board of KPMG’s Australian and UK practices. She has been a member of KPMG’s UK Board and the UK Chair of Audit since 2019. Prior to this, she was a member of the KPMG UK Executive Committee in her role as Head of Audit from 2017 to 2019.
BHP Group - Shareholder/Analyst Call
2021-09-02 00:00:00
BHP Group - Shareholder/Analyst Call
BHP Group Presents at MINExpo INTERNATIONAL 2021, Sep-15-2021 10:30 AM
2021-08-30 18:11:00
BHP Group Presents at MINExpo INTERNATIONAL 2021, Sep-15-2021 10:30 AM. Venue: Las Vegas, Nevada, United States. Speakers: Alex Bertram, Manager Digital Operations.
National Mining Association, MINExpo INTERNATIONAL 2021, Sep 13, 2021 through Sep 15, 2021
2021-08-30 17:56:00
National Mining Association, MINExpo INTERNATIONAL 2021, Sep 13, 2021 through Sep 15, 2021. Venue: Las Vegas, Nevada, United States.
Informa Markets Limited, Sea Asia, Sep 21, 2021 through Sep 23, 2021
2021-08-27 07:50:00
Informa Markets Limited, Sea Asia, Sep 21, 2021 through Sep 23, 2021.
BHP Group, Annual General Meeting, Nov 11, 2021
2021-08-18 06:14:00
BHP Group, Annual General Meeting, Nov 11, 2021, at 16:00 AUS Eastern Standard Time. Agenda: To consider and receive the Financial Statements for BHP Group Limited and BHP Group Plc and the reports of the Directors and the Auditor for the year ended 30 June 2021; to consider and reappoint Ernst & Young LLP as the auditor; to consider and authorise the Risk and Audit Committee to agree the remuneration of Ernst & Young LLP as the auditor; to consider and Approval of the Remuneration Report other than the part containing the Directors' remuneration policy; to consider and Approval of the Remuneration Report; and to consider other matter also.
BHP Group, 2021 Earnings Call, Aug 18, 2021
2021-08-18 00:00:00
BHP Group, 2021 Earnings Call, Aug 18, 2021
BHP Group, 2021 Earnings Call, Aug 17, 2021
2021-08-17 10:54:00
BHP Group, 2021 Earnings Call, Aug 17, 2021
BHP Group, Woodside Petroleum Ltd - M&A Call
2021-08-17 06:48:00
To provide an overview of the proposed merger between Woodside and BHP's petroleum
BHP Group Announces Final Dividend for the Six Months Ended June 30, 2021, Payable on September 21, 2021
2021-08-17 06:44:00
BHP Group announced final dividend of 200 US cents fully franked for the six months ended June 30, 2021, Ex Date of September 1, 2021, Record Date of September 3, 2021 and Payment Date of September 21, 2021.
Woodside, BHP Confirm Deal Talks
2021-08-16 03:15:00
Woodside Petroleum Ltd. (ASX:WPL) and BHP Group (ASX:BHP) have confirmed on August 16, 2021 morning they are in discussions about a potential merger involving BHP's entire petroleum business. The expected deal would see Woodside acquire a suite of petroleum assets around the world but most notably it would gain control of its proposed Scarborough LNG project, in which BHP currently has a minority stake. BHP has previously said petroleum was one of its core growth pillars but the sale would see its focus more tightly on the mining sector. The two companies responded to growing media speculation by releasing statements to the ASX this morning confirming their plans. "Woodside is engaged in discussions with BHP regarding a potential merger involving BHP's entire petroleum business through a distribution of Woodside shares to BHP shareholders," the Perth company announced. "These discussions are ongoing. Woodside will continue to update the market in accordance with its continuous disclosure obligations." BHP said it was evaluating a number of options. "One option is a potential merger of the petroleum business with Woodside Petroleum and a distribution of Woodside shares to BHP shareholders," it said. "We confirm that we have been in discussions with Woodside. "While discussions between the parties are progressing, no agreement has been reached on any such transaction".
Woodside Reportedly in Advanced Talks to Buy AUD 20 Billion BHP Petroleum Unit
2021-08-15 12:46:00
Woodside Petroleum Ltd. (ASX:WPL) is in advanced talks to buy BHP Group (ASX:BHP)'s petroleum division for about AUD 20 billion ($14.7 billion), the Australian Financial Review (AFR) reported on Sunday, citing people familiar with the matter. Under Woodside's proposal, the company would offer shares to BHP for the entire petroleum business, which would then be passed on to BHP's shareholders, to ensure no change of control, the newspaper reported. The acquisition would make Woodside the clear No 1 player in Australia's oil and gas sector, according to the report. The talks are ongoing and nothing has been agreed, AFR reported. The companies declined to comment to AFR. In July 2021, Bloomberg News reported that BHP Group was considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels. A BHP spokesman declined to comment on the report. While BHP has long said the oil business was one of its strategic pillars and argued that it would make money for at least another decade, the company wanted to avoid getting stuck with assets that would become more difficult to sell as the world tries to shift away from fossil fuels, people familiar with the matter told Bloomberg News in July 2021.
BHP Group, 2.71527 (AUD), Cash Dividend, Sep-02-2021
2021-08-11 00:00:00
BHP Group, 2.71527 (AUD), Cash Dividend, Sep-02-2021
BHP Group Approves Shenzi North Project and Trion Feed Phase
2021-08-05 22:17:00
BHP Group approved $544 million in capital expenditure to execute the Shenzi North oil project in the US Gulf of Mexico. The capital expenditure approved represents a 100% share interest. The project offers very attractive returns at a nominal IRR of over 35%, a breakeven of approximately $25/bbl and a payback of less than 2 years2. BHP is operator and holds a 72% share in Shenzi North. Repsol holds the remaining 28% working interest and is expected to make a Final Investment Decision later this calendar year. Shenzi North represents the first development phase of Greater Wildling, following exploration success in 2017, with the resource and development plan further refined through Ocean Bottom Node seismic data and analysis. The project will take advantage of existing infrastructure and production capacity in the nearby Shenzi production facility, with value further enhanced through the recent acquisition of an additional 28% working interest taking BHP's interest in the Shenzi field from 44% to 72%. The project adds two wells and subsea equipment to establish a new drill centre north of Shenzi with the capacity to produce up to approximately 30 mboe per day. Production is expected to begin in the 2024 financial year. In addition, the BHP Board has also approved $258 million in capital expenditure to move the Trion oil project in Mexico into the Front End Engineering Design (FEED) phase. The focus of these studies will be on completion of the engineering, commercial arrangements and execution planning required to progress to a Final Investment Decision from mid-calendar year 2022. BHP holds a 60% participating interest in and operatorship of blocks AE-0092 and AE-0093 containing the Trion discovery located in the deep-water Gulf of Mexico offshore Mexico. PEMEX Exploration & Production Mexico holds a 40% interest in the blocks.
UBS Investment Bank, UBS Virtual European Conference, Nov 08, 2021 through Nov 10, 2021
2021-07-30 08:49:00
UBS Investment Bank, UBS Virtual European Conference, Nov 08, 2021 through Nov 10, 2021. Venue: London, United Kingdom.
Woodside Reportedly Nears BHP Assets Deal
2021-07-29 03:06:00
More speculation continues to trickle out into the market about a possible acquisition by Woodside Petroleum Ltd. (ASX:WPL) of BHP Group (ASX:BHP)'s petroleum business, with sources in the market now suggesting that a planned deal by the $22 billion listed energy producer has considerably progressed and is on track to be announced in about three weeks. There is a growing view in the market that the acquisition relates to BHP's entire global petroleum business rather than only its assets in Australia, as some had earlier expected. A number of sources are betting that the announcement will be made at Woodside and BHP's upcoming results presentation. Both BHP and Woodside have declined to comment.
Woodside Shares Fall on Speculation It Is Eyeing BHP Petroleum Assets
2021-07-21 08:00:00
Shares in Woodside Petroleum Ltd. (ASX:WPL) fell on July 21, 2021 after an unsourced media report said Australia’s top independent gas producer was in talks to buy some or all of BHP Group (ASX:BHP)’s oil and gas assets, analysts and an investor said. Woodside shares ended down 2 cents in a broader market that rose 0.8% and while BHP rose 1.3%. The report in The Australian’s Data Room column followed a Bloomberg report which said that mining group BHP was considering selling its oil and gas business, which includes assets off Australia and Trinidad and Tobago and in the Gulf of Mexico. BHP and Woodside declined to comment on what both companies called “market speculation”.
BHP Reportedly Considering Oil Exit in Retreat from Fossil Fuels
2021-07-21 00:00:00
BHP Group (ASX:BHP) is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. BHP is reviewing its petroleum business and considering options including a trade sale, said the people who asked not to be identified as the talks are private. The business, which is forecast to earn more than $2 billion this year, could be worth an estimated $15 billion or more, one of the people said. The deliberations are still at an early stage and no final decision has been made, the people said. A spokesman for BHP declined to comment.
BHP Group Provides Production Guidance for the Fiscal Year 2022
2021-07-20 10:06:00
BHP Group provided production guidance for the fiscal year 2022. For the year, the company expects petroleum production of 99 MMboe - 106 MMboe, copper production of 1,590 kt - 1,760 kt, iron ore production of 249 Mt - 259 Mt, metallurgical coal production of 39 Mt - 44 Mt, energy coal production of 13 Mt - 15 Mt and nickel production of 85 Kt - 95 Kt.
BHP Group to Report First Half, 2022 Results on Feb 15, 2022
2021-07-20 02:12:00
BHP Group announced that they will report first half, 2022 results on Feb 15, 2022
BHP Group Presents at Competition Law Asia-Pacific, Jul-13-2021 01:40 PM
2021-07-10 01:35:00
BHP Group Presents at Competition Law Asia-Pacific, Jul-13-2021 01:40 PM. Speakers: Kirstie Nicholson, Competition Counsel.
Austmine Ltd, Webinar: Austmine 2021 Rewind - Brandon Craig, BHP, Jul 12, 2021
2021-07-08 11:51:00
Austmine Ltd, Webinar: Austmine 2021 Rewind - Brandon Craig, BHP, Jul 12, 2021.
BHP Group Presents at Webinar: Austmine 2021 Rewind - Brandon Craig, BHP, Jul-12-2021 01:00 PM
2021-07-08 11:51:00
BHP Group Presents at Webinar: Austmine 2021 Rewind - Brandon Craig, BHP, Jul-12-2021 01:00 PM. Speakers: Brandon Craig, Asset President Western Australia Iron Ore.
Peabody Energy Taps New Adviser in Chase for BHP's Coal Assets
2021-07-07 02:55:00
The Peabody Energy has hired advisory firm Amicaa Advisors Pty Ltd. to compete for BHP Group (ASX:BHP)'s coal mines, currently up for sale through Macquarie Capital, Goldman Sachs and UBS. Also working for Peabody, which counts Elliott as its largest investor, is Bank of America. Amicaa is run by the former Australian head of investment banking for Bank of America David Wood and has counted Peabody as a long-term client. Peabody, supported by Elliott, is competing against Indonesian rivals Buma and Sinar Mas in the final stages to buy the BHP coal portfolio. Also thought to have re-entered the competition after being knocked out of the first round is coal company New Hope. Final bids are due at the end of July.
BHP Group Presents at Bernstein's 18th Annual Strategic Decisions Conference, Sep-23-2021 07:00 AM
2021-07-05 13:02:00
BHP Group Presents at Bernstein's 18th Annual Strategic Decisions Conference, Sep-23-2021 07:00 AM. Venue: London, United Kingdom. Speakers: David Mark Lamont, Chief Financial Officer.
Glencore plc (LSE:GLEN) acquired 66.66% stake in Carbones del Cerrejon Limited from Anglo American plc (LSE:AAL) and BHP Group (ASX:BHP).
2021-06-28 00:00:00
Glencore plc (LSE:GLEN) entered into an agreement to acquire the remaining 66.6% stake in Cerrejón mine in Colombia from Anglo American plc (LSE:AAL) and BHP Group Plc for approximately $590 million on June 28, 2021. Anglo American plc is selling 33.3% stake in Cerrejón mine in Colombia for cash consideration of approximately $294 million and BHP Group Plc is selling 33.3% stake in Cerrejón mine in Colombia for $294 million. Glencore intends to acquire both Anglo American's and BHP's interests and will thereby assume full ownership of Cerrejón upon completion. The transaction has an economic effective date of December 31, 2020, with an aggregate purchase consideration of cash $588 million then being subject to purchase price adjustments calculated at closing which may include an adjustment for any dividends paid by Cerrejón to BHP during the period from signing to completion. Based on expected operating performance and current forward coal prices, assuming a closing during H1 2022, we anticipate the cash generated by the operation to reduce the effective aggregate cash consideration to approximately $230 million, making the estimated investment payback period less than 2 years from closing. Cerrejón mine reported gross assets of $2.968 billion, revenue of $1 billion and earnings from continuing operations of ($182) million for December 31, 2020. The transaction is subject to a number of competition authority and other regulatory approvals and is expected to complete in H1 2022. As per the article of July 6, 2021, Glencore plc completed the acquisition of 33.3% stake in Cerrejón mine in Colombia from BHP Group Plc recently. Daniel Senior of Shearman & Sterling LLP and LLOREDA CAMACHO & CIA S.A.S acted as legal advisors to Anglo American plc. David Johnson, Harry Hecht, Jordan Ellison and Mike Lane of Slaughter and May acted as a legal advisor to BHP Group. JPMorgan advised on the deal. The Goldman Sachs Group acted as financial advisor to BHP Group.
Fundamental Summary
BHP's recently released results from Q4 indicate that BHP is performing reasonably well and on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, BHP received an overall score of 69, translating into a HOLD ranking.
BHP Group PLC announced Operational results for the second quarter and Year to date ended March 2022. For the second quarter, the company reported total petroleum production of 24,106 Mboe against 25,368 Mboe a year ago. Total copper production was 369.7 kt against 391.4 kt a year ago. Total iron ore production was 59,700 kt against 59,855 kt a year ago. Coal production was 10,562 kt against 9,590 kt a year ago. Energy coal production was 2,577 kt against 2,981 kt a year ago. Nickel saleable production was 18.7 kt against 20.4 kt a year ago. Cobalt saleable production was 125 t against 273 t a year ago. For the Year to date, the company reported total petroleum production of 77,285 Mboe against 75,837 Mboe a year ago. Total copper production was 1,111.7 kt against 1,232.7 kt a year ago. Total iron ore production was 189,101 kt against 188,289 kt a year ago. Coal production was 28,230 kt against 28,802 kt a year ago. Energy coal production was 9,782 kt against 9,834 kt a year ago. Nickel saleable production was 58.0 kt against 66.6 kt a year ago. Cobalt saleable production was 522t against 747 t a year ago.
Business Description
BHP operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. It is also involved in mining, smelting, and refining of nickel; and potash development activities. In addition, the company provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.
Sector Overview
BHP is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. BHP's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 33.2 | 32.9% | 79 | |
| Net Cashflow | 3,075.0 | 69.0% | 70 | |
| Capital Expenditure | -6,874.0 | 0.7% | 80 | |
| Asset Turnover | 0.6 | 13.9% | 71 | |
| Free Cashflow | 4.8 | 19.6% | 77 |
* All values are TTM
The below chart reflects BHP's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While BHP's peer average final assessment score stands on 71.0, BHP's score is 69.
- BHP
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. BHP's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), BHP's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.
5D MA
41.15
50D MA
45.75
200D MA
43.61
MACD
-1.39
RSI
10.56
STOCH
40.27
Balance Sheet Analysis
Several numbers from BHP's current balance sheet were concerning, in two areas in particular: Equity and Cash & Equivalents. BHP published concerning equity metrics for this filing. In the current report, equity stood at 50787.0, which represents a -0.9% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. Their equity metrics appear unremarkable relative to their peers. Therefore, their equity movement component earned a score of 47. Also, BHP did a poor job related to managing cash and cash equivalents this period, which stood at 12366.0, representing a -18.9% change from the previous filing. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 52. On the other hand, Assets, jumped out as looking rather positive. BHP assets on their balance sheet, moved to 105725.0, which is a -2.9% change from the last period. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. Therefore, its asset component earned a score of 92. Therefore, the company's balance sheet earned a grade of 58.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 105,725.0 | -2.9% | 92 |
| Liabilities | 50,803.0 | -4.7% | 74 |
| Price to Book | 3.3 | -9.2% | 76 |
| Cash & Equivalents | 12,366.0 | -18.9% | 52 |
| Equity | 50,787.0 | -0.9% | 47 |
The below chart describes BHP's performance as reflected on its balance sheet with respect to its peers. While BHP received a balance sheet score of 58, the average of its peers stands on 71.0.
- BHP
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| Fortescue Metals Group Limited | 55.0B | 83 | 66 | 68 | 55 | 69 | 65 | 0 | 1 |
| Newcrest Mining Limited | 19.4B | 85 | 72 | 46 | 46 | 73 | 52 | 1 | 1 |
| South32 Limited | 18.7B | 74 | 73 | 80 | 79 | 74 | 84 | 2 | 1 |
| Mineral Resources Limited | 9.2B | 83 | 73 | 52 | 42 | 90 | 55 | 3 | 1 |
| Lynas Rare Earths Limited | 8.3B | 74 | 59 | 77 | 62 | 68 | 70 | 4 | 1 |
| Northern Star Resources Limited | 8.2B | 87 | 70 | 56 | 48 | 65 | 56 | 5 | 1 |
| IGO Limited | 7.8B | 43 | 37 | 80 | 42 | 63 | 50 | 6 | 1 |
| BlueScope Steel Limited | 7.3B | 64 | 75 | 87 | 90 | 68 | 85 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 59 | 81 | 87 | 56 | 86 | 8 | 1 |
| Allkem Limited | 6.9B | 53 | 64 | 44 | 65 | 89 | 57 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 87 | 72 | 72 | 69 | 72 | 74 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 47 | 57 | 76 | 96 | 54 | 82 | 11 | 1 |
| Alumina Limited | 4.4B | 51 | 69 | 50 | 46 | 84 | 50 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 81 | 62 | 51 | 97 | 87 | 84 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 76 | 66 | 87 | 69 | 53 | 77 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 70 | 37 | 60 | 97 | 92 | 86 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 44 | 56 | 87 | 85 | 71 | 83 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 41 | 44 | 72 | 50 | 70 | 54 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 99 | 56 | 82 | 98 | 66 | 95 | 18 | 1 |
| Sims Limited | 2.7B | 85 | 72 | 83 | 49 | 57 | 68 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 80 | 69 | 68 | 76 | 73 | 77 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 43 | 55 | 82 | 97 | 37 | 81 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 81 | 70 | 73 | 82 | 66 | 81 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 99 | 79 | 61 | 75 | 68 | 77 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 41 | 64 | 87 | 87 | 73 | 82 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 37 | 55 | 82 | 94 | 66 | 83 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 98 | 78 | 39 | 46 | 89 | 54 | 26 | 1 |
| Grange Resources Limited | 1.5B | 54 | 70 | 51 | 71 | 92 | 65 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 69 | 59 | 81 | 91 | 65 | 86 | 28 | 1 |
| West African Resources Limited | 1.3B | 92 | 56 | 81 | 92 | 42 | 87 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 69 | 62 | 62 | 71 | 57 | 66 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 49 | 79 | 69 | 48 | 66 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 83 | 72 | 56 | 65 | 60 | 64 | 32 | 1 |
| Lake Resources NL | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 34 | 1 |
| Regis Resources Limited | 1.1B | 77 | 74 | 51 | 48 | 63 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 97 | 54 | 82 | 97 | 39 | 88 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 44 | 83 | 54 | 45 | 37 | 47 | 37 | 1 |
| ioneer Ltd | 867.9M | 98 | 56 | 80 | 86 | 52 | 85 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 63 | 75 | 38 | 46 | 94 | 49 | 39 | 1 |
| Equigold NL | 854.0M | 57 | 46 | 86 | 50 | 45 | 50 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 67 | 41 | 78 | 48 | 49 | 56 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 39 | 53 | 80 | 74 | 41 | 67 | 42 | 1 |
| Jervois Global Limited | 813.1M | 71 | 71 | 44 | 94 | 95 | 78 | 43 | 1 |
| Mincor Resources NL | 808.9M | 83 | 78 | 43 | 62 | 56 | 62 | 44 | 1 |
| Imdex Limited | 796.9M | 59 | 69 | 83 | 61 | 75 | 71 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 96 | 56 | 81 | 87 | 42 | 84 | 46 | 1 |
| St Barbara Limited | 701.5M | 80 | 69 | 51 | 49 | 61 | 53 | 47 | 1 |
| Emerald Resources NL | 679.4M | 51 | 58 | 80 | 51 | 57 | 60 | 48 | 1 |
| Red 5 Limited | 671.6M | 49 | 45 | 39 | 55 | 96 | 47 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 85 | 79 | 39 | 60 | 87 | 60 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 94 | 76 | 39 | 41 | 74 | 48 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 77 | 65 | 55 | 47 | 73 | 54 | 52 | 1 |
| OM Holdings Limited | 563.6M | 84 | 69 | 84 | 81 | 50 | 84 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 44 | 69 | 55 | 46 | 84 | 51 | 54 | 1 |
| Neometals Ltd | 531.9M | 97 | 77 | 46 | 50 | 97 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 78 | 74 | 55 | 64 | 78 | 66 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 78 | 74 | 55 | 64 | 78 | 66 | 57 | 1 |
| Perenti Global Limited | 461.4M | 68 | 71 | 51 | 61 | 74 | 60 | 58 | 1 |
| Champion Iron Limited | 441.1M | 66 | 49 | 73 | 47 | 67 | 58 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 78 | 75 | 43 | 58 | 85 | 58 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 75 | 72 | 56 | 67 | 67 | 65 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 45 | 56 | 83 | 88 | 40 | 78 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 78 | 74 | 55 | 64 | 78 | 66 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 78 | 74 | 55 | 64 | 78 | 66 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 63 | 93 | 46 | 52 | 80 | 66 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 78 | 74 | 55 | 64 | 78 | 66 | 66 | 1 |
| Talga Group Ltd | 359.9M | 90 | 78 | 38 | 45 | 95 | 53 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 86 | 73 | 58 | 67 | 82 | 71 | 68 | 1 |
| Metals X Limited | 344.8M | 90 | 77 | 50 | 67 | 80 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 78 | 74 | 55 | 64 | 78 | 66 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 85 | 69 | 59 | 60 | 72 | 65 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 47 | 61 | 72 | 78 | 44 | 68 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 78 | 74 | 55 | 64 | 78 | 66 | 73 | 1 |
| Firefinch Limited | 236.2M | 78 | 74 | 55 | 64 | 78 | 66 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 78 | 74 | 55 | 64 | 78 | 66 | 75 | 1 |
Income Statement Analysis
Overall, BHP's critical income statement metrics appear to strongly support positive growth going forward. BHP reported impressive EBITDA this period. At filing, EBITDA was reported as 41010.0, representing 11.6% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 79. Also, BHP's reported return on equity (ROE) ratio was 33.2, representing a change of 32.9%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 79. At the same time, one critical income statement metric, Revenue Efficiency, was notably weak. BHP reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 67879.0 and represented 10.9% change from the previous period. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. As a result, their revenue efficiency earned a score of 64. Therefore, their income statement earned a grade of 71.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 41,010.0 | 11.6% | 79 |
| Total Revenues | 67,879.0 | 10.9% | 64 |
| Return on Equity | 33.2 | 32.9% | 79 |
The below chart describes BHP's performance as reflected on its income statement with respect to its peers. While BHP received a income statement score of 71 , the average of its peers stands on 70.0.
- BHP
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| Fortescue Metals Group Limited | 55.0B | 58 | 78 | 75 | 67 | 0 | 1 |
| Newcrest Mining Limited | 19.4B | 95 | 45 | 48 | 66 | 1 | 1 |
| South32 Limited | 18.7B | 47 | 94 | 95 | 72 | 2 | 1 |
| Mineral Resources Limited | 9.2B | 94 | 42 | 44 | 63 | 3 | 1 |
| Lynas Rare Earths Limited | 8.3B | 50 | 91 | 83 | 69 | 4 | 1 |
| Northern Star Resources Limited | 8.2B | 48 | 66 | 68 | 56 | 5 | 1 |
| IGO Limited | 7.8B | 98 | 72 | 48 | 78 | 6 | 1 |
| BlueScope Steel Limited | 7.3B | 86 | 71 | 66 | 72 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 38 | 96 | 96 | 69 | 8 | 1 |
| Allkem Limited | 6.9B | 46 | 75 | 74 | 61 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 48 | 82 | 82 | 66 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 94 | 46 | 43 | 64 | 11 | 1 |
| Alumina Limited | 4.4B | 87 | 73 | 76 | 79 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 39 | 88 | 45 | 61 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 50 | 62 | 89 | 60 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 37 | 89 | 91 | 97 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 39 | 98 | 97 | 74 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 66 | 61 | 55 | 60 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 87 | 63 | 41 | 68 | 18 | 1 |
| Sims Limited | 2.7B | 45 | 90 | 92 | 69 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 94 | 50 | 52 | 68 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 87 | 78 | 91 | 84 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 42 | 88 | 83 | 65 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 45 | 83 | 66 | 61 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 64 | 73 | 74 | 69 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 87 | 47 | 81 | 70 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 99 | 65 | 76 | 81 | 26 | 1 |
| Grange Resources Limited | 1.5B | 74 | 61 | 61 | 64 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 37 | 98 | 97 | 69 | 28 | 1 |
| West African Resources Limited | 1.3B | 43 | 84 | 63 | 59 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 95 | 42 | 41 | 63 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 45 | 76 | 47 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 94 | 48 | 49 | 67 | 32 | 1 |
| Lake Resources NL | 1.2B | 87 | 62 | 66 | 73 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 87 | 62 | 66 | 73 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 50 | 45 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 87 | 63 | 68 | 77 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 74 | 37 | 56 | 58 | 37 | 1 |
| ioneer Ltd | 867.9M | 87 | 55 | 60 | 69 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 38 | 67 | 62 | 50 | 39 | 1 |
| Equigold NL | 854.0M | 79 | 44 | 91 | 65 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 94 | 51 | 48 | 68 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 87 | 67 | 84 | 78 | 42 | 1 |
| Jervois Global Limited | 813.1M | 37 | 94 | 93 | 71 | 43 | 1 |
| Mincor Resources NL | 808.9M | 98 | 57 | 59 | 77 | 44 | 1 |
| Imdex Limited | 796.9M | 77 | 60 | 56 | 56 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 87 | 44 | 83 | 69 | 46 | 1 |
| St Barbara Limited | 701.5M | 93 | 56 | 53 | 70 | 47 | 1 |
| Emerald Resources NL | 679.4M | 37 | 96 | 94 | 68 | 48 | 1 |
| Red 5 Limited | 671.6M | 95 | 58 | 66 | 75 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 93 | 58 | 67 | 74 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 99 | 62 | 66 | 78 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 84 | 58 | 43 | 65 | 52 | 1 |
| OM Holdings Limited | 563.6M | 50 | 96 | 97 | 75 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 91 | 62 | 66 | 74 | 54 | 1 |
| Neometals Ltd | 531.9M | 87 | 66 | 56 | 72 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 87 | 62 | 66 | 73 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 87 | 62 | 66 | 73 | 57 | 1 |
| Perenti Global Limited | 461.4M | 73 | 81 | 87 | 78 | 58 | 1 |
| Champion Iron Limited | 441.1M | 95 | 50 | 45 | 71 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 95 | 50 | 62 | 71 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 90 | 51 | 53 | 68 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 68 | 74 | 74 | 70 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 87 | 62 | 66 | 73 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 87 | 62 | 66 | 73 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 96 | 46 | 50 | 81 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 87 | 62 | 66 | 73 | 66 | 1 |
| Talga Group Ltd | 359.9M | 87 | 40 | 47 | 60 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 94 | 47 | 56 | 68 | 68 | 1 |
| Metals X Limited | 344.8M | 94 | 84 | 79 | 87 | 69 | 1 |
| Pantoro Limited | 330.8M | 87 | 62 | 66 | 73 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 68 | 58 | 49 | 58 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 88 | 51 | 48 | 65 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 87 | 62 | 66 | 73 | 73 | 1 |
| Firefinch Limited | 236.2M | 87 | 62 | 66 | 73 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 87 | 62 | 66 | 73 | 75 | 1 |
Cash Flow Analysis
Two metrics jump up as the most significant positive drivers of the cash flow's strength in BHP's recent report: Capex and Free Cash flow. BHP's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. BHP recorded CapEx of -6874.0, which represents 0.7% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 80. Also, BHP did a great job related to free cash flow this period, which stood at 4.8, representing a 19.6% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 4.3%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. The company's free cash flow movement, therefore, received a grade of 77. That said, one metric, Net Cash Flow, stood out as particularly concerning. BHP's net cash flow metrics were 3075.0 according to their current filing, which represents a 69.0% change from the previous report. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Hence, their net cash flow earned a score of 70. Therefore, we scored their cash flow a 75.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 3,075.0 | 69.0% | 70 |
| Capital Expenditure | -6,874.0 | 0.7% | 80 |
| Asset Turnover | 0.6 | 13.9% | 71 |
| Free Cashflow | 4.8 | 19.6% | 77 |
The below chart describes BHP's performance as reflected on its cash flow with respect to its peers. While BHP received a cash flow score of 75, the average of its peers stands on 68.0.
- BHP
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| Fortescue Metals Group Limited | 55.0B | 74 | 78 | 69 | 74 | 75 | 0 | 1 |
| Newcrest Mining Limited | 19.4B | 58 | 48 | 63 | 55 | 57 | 1 | 1 |
| South32 Limited | 18.7B | 72 | 86 | 82 | 75 | 78 | 2 | 1 |
| Mineral Resources Limited | 9.2B | 58 | 69 | 54 | 63 | 61 | 3 | 1 |
| Lynas Rare Earths Limited | 8.3B | 78 | 63 | 76 | 58 | 70 | 4 | 1 |
| Northern Star Resources Limited | 8.2B | 70 | 58 | 54 | 91 | 73 | 5 | 1 |
| IGO Limited | 7.8B | 80 | 73 | 66 | 57 | 72 | 6 | 1 |
| BlueScope Steel Limited | 7.3B | 48 | 47 | 56 | 70 | 52 | 7 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 97 | 76 | 78 | 86 | 8 | 1 |
| Allkem Limited | 6.9B | 75 | 77 | 70 | 84 | 82 | 9 | 1 |
| OZ Minerals Limited | 6.2B | 69 | 97 | 66 | 73 | 78 | 10 | 1 |
| Evolution Mining Limited | 4.8B | 54 | 49 | 61 | 39 | 50 | 11 | 1 |
| Alumina Limited | 4.4B | 68 | 74 | 76 | 70 | 72 | 12 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 49 | 86 | 84 | 39 | 50 | 13 | 1 |
| Iluka Resources Limited | 3.9B | 75 | 84 | 52 | 74 | 74 | 14 | 1 |
| Andean Resources Ltd. | 3.7B | 40 | 55 | 56 | 37 | 41 | 15 | 1 |
| Coronado Global Resources Inc. | 2.9B | 77 | 86 | 53 | 93 | 81 | 16 | 1 |
| Nickel Industries Limited | 2.8B | 75 | 63 | 76 | 61 | 70 | 17 | 1 |
| AVZ Minerals Limited | 2.8B | 60 | 69 | 76 | 37 | 58 | 18 | 1 |
| Sims Limited | 2.7B | 83 | 98 | 56 | 82 | 82 | 19 | 1 |
| Zimplats Holdings Limited | 2.6B | 75 | 77 | 63 | 44 | 64 | 20 | 1 |
| Liontown Resources Limited | 2.4B | 59 | 69 | 76 | 51 | 62 | 21 | 1 |
| Perseus Mining Limited | 2.3B | 69 | 94 | 90 | 83 | 83 | 22 | 1 |
| Deterra Royalties Limited | 2.3B | 77 | 88 | 96 | 51 | 75 | 23 | 1 |
| Sandfire Resources Limited | 1.9B | 73 | 85 | 63 | 71 | 76 | 24 | 1 |
| Core Lithium Ltd | 1.8B | 61 | 69 | 76 | 72 | 69 | 25 | 1 |
| Chalice Mining Limited | 1.5B | 53 | 62 | 84 | 38 | 55 | 26 | 1 |
| Grange Resources Limited | 1.5B | 75 | 79 | 76 | 62 | 73 | 27 | 1 |
| Capricorn Metals Ltd | 1.3B | 81 | 83 | 81 | 79 | 82 | 28 | 1 |
| West African Resources Limited | 1.3B | 73 | 84 | 42 | 58 | 66 | 29 | 1 |
| Silver Lake Resources Limited | 1.2B | 63 | 53 | 64 | 47 | 58 | 30 | 1 |
| De Grey Mining Limited | 1.2B | 80 | 69 | 76 | 61 | 73 | 31 | 1 |
| Gold Road Resources Limited | 1.2B | 57 | 57 | 54 | 50 | 56 | 32 | 1 |
| Lake Resources NL | 1.2B | 68 | 69 | 76 | 60 | 68 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 68 | 69 | 76 | 60 | 68 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 76 | 68 | 69 | 69 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 59 | 62 | 69 | 54 | 60 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 55 | 48 | 71 | 71 | 61 | 37 | 1 |
| ioneer Ltd | 867.9M | 47 | 57 | 54 | 51 | 51 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 59 | 58 | 43 | 98 | 69 | 39 | 1 |
| Equigold NL | 854.0M | 91 | 69 | 72 | 84 | 87 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 59 | 56 | 81 | 58 | 62 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 67 | 69 | 76 | 69 | 71 | 42 | 1 |
| Jervois Global Limited | 813.1M | 43 | 51 | 38 | 82 | 54 | 43 | 1 |
| Mincor Resources NL | 808.9M | 63 | 63 | 72 | 45 | 57 | 44 | 1 |
| Imdex Limited | 796.9M | 71 | 72 | 79 | 73 | 74 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 51 | 64 | 56 | 51 | 54 | 46 | 1 |
| St Barbara Limited | 701.5M | 54 | 46 | 71 | 55 | 56 | 47 | 1 |
| Emerald Resources NL | 679.4M | 84 | 81 | 80 | 81 | 84 | 48 | 1 |
| Red 5 Limited | 671.6M | 68 | 49 | 48 | 59 | 59 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 62 | 74 | 81 | 63 | 68 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 68 | 69 | 59 | 56 | 64 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 59 | 69 | 71 | 59 | 63 | 52 | 1 |
| OM Holdings Limited | 563.6M | 75 | 90 | 90 | 75 | 82 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 72 | 69 | 76 | 69 | 72 | 54 | 1 |
| Neometals Ltd | 531.9M | 62 | 54 | 71 | 52 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 68 | 69 | 76 | 60 | 68 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 68 | 69 | 76 | 60 | 68 | 57 | 1 |
| Perenti Global Limited | 461.4M | 61 | 69 | 54 | 78 | 67 | 58 | 1 |
| Champion Iron Limited | 441.1M | 56 | 69 | 51 | 49 | 55 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 69 | 69 | 79 | 54 | 67 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 65 | 68 | 74 | 57 | 67 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 69 | 58 | 68 | 71 | 68 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 68 | 69 | 76 | 60 | 68 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 68 | 69 | 76 | 60 | 68 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 51 | 51 | 84 | 44 | 50 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 68 | 69 | 76 | 60 | 68 | 66 | 1 |
| Talga Group Ltd | 359.9M | 53 | 48 | 76 | 70 | 62 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 62 | 54 | 76 | 49 | 60 | 68 | 1 |
| Metals X Limited | 344.8M | 70 | 81 | 72 | 55 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 68 | 69 | 76 | 60 | 68 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 72 | 58 | 54 | 49 | 60 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 72 | 53 | 46 | 57 | 62 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 68 | 69 | 76 | 60 | 68 | 73 | 1 |
| Firefinch Limited | 236.2M | 68 | 69 | 76 | 60 | 68 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 68 | 69 | 76 | 60 | 68 | 75 | 1 |
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