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BHP Group Ltd BHP Stock Quote

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XASX:BHP

Morningstar‘s Stock Analysis BHP

Valuation
Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

We Raise Oz Minerals’ FVE to AUD 28.25 on BHP’s Higher Offer; Shareholders Take No Action

Jon Mills, CFA Equity Analyst

Analyst Note

| Jon Mills, CFA |

No-moat BHP has lobbed a higher indicative offer of AUD 28.25 per share for no-moat copper miner Oz Minerals via a scheme of arrangement. This is 13% higher than BHP’s original offer of AUD 25 in August, and is subject to due diligence, approval by Oz Minerals’ board and its shareholders, and other conditions. BHP’s higher offer is its best and final in the absence of a competing offer. Oz Minerals also has the option of paying a franked dividend before the deal closes. BHP’s consideration will reduce by the amount of any dividend or return of capital paid by Oz Minerals.

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Key Statistics BHP

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
Industry Other Industrial Metals & Mining
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 39,210