Skip to Content
Morningstar

BHP Group Ltd ADR BHP Stock Quote

Morningstar Rating
| Rating as of

Morningstar‘s Stock Analysis BHP

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Investor
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 Delivers Record Fiscal 2022 Result; Fair Value Estimate of AUD 37 per Share Retained

Jon Mills, CFA Equity Analyst

Analyst Note

| Jon Mills, CFA |

No-moat BHP’s fiscal 2022 result was very strong, driven by higher commodity prices, partially offset by increased costs and lower volumes. Adjusted net profit after tax was USD 23.8 billion, or USD 4.70 per share, up from USD 17.1 billion in 2021. This included USD 2.5 billion of aftertax operating profits relating to discontinued petroleum operations. Adjusted EBITDA, excluding petroleum, rose 16% to USD 40.6 billion, 7% above our estimates, driven by higher prices and favourable foreign exchange rates, partially offset by higher costs and lower volumes. Higher average realised prices for metallurgical coal, thermal coal, copper and nickel offset lower average realised prices for iron ore.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics BHP

More

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, 2022
Stock Type —
Employees 79,471

Related News BHP

Fund Spy

How Vanguard, Fidelity, and Others Embrace ESG Investing

Sustainable investing strategies have gone mainstream; here's how some of the best money managers are doing it.
Russel Kinnel
Stock Strategist Industry Reports

Iron Ore Won't Soar Forever

Those miners appear overpriced, but we see value emerging in base metals and coal.
Mathew Hodge
Stock Strategist Industry Reports

Supply Disruptions Raise Our Near-Term Iron Ore Price Forecast

However, we still expect long-term prices well below current rates and consensus.
Mathew Hodge
Quarter-End Insights

Stock Market Outlook: A Dearth of Opportunity Amid the Rally

4- and 5-star stocks are harder to come by in today's market, but a few stock-specific stories are still out there.
Elizabeth Collins
Quarter-End Insights

Stock Market Outlook: China Rebalancing Presents Winners and Losers

China's economic rebalancing means an overvalued basic materials sector, but consumption growth creates opportunities in areas such as telecom.
Elizabeth Collins
Quarter-End Insights

Basic Materials: Recent Commodity Rallies Leave Few Opportunities

The market overestimates the sustainability of recent commodity rallies, leaving the basic materials sector severely overvalued.
Kristoffer Inton
Stock Strategist Industry Reports

Rally in Prices Not Ironclad

Temporary tightness should abate as demand falters and supply surges.
David Wang, CFA
Stock Strategist

PotashCorp's Wide Moat Intact

The company will benefit as its expanded potash capacity is eventually filled.
Jeffrey Stafford
Rekenthaler Report

High Market Valuations May Signal Low Future Returns

Investors may not want to expect a lot from Mr. Market in the coming years.
Scott Cooley
US Videos

Approach the Mining Sector With Caution

A likely slowdown in Chinese real estate will mean weaker demand for commodities such as iron ore and copper, but a few firms with sustainable low-cost positions should weather the storm.
Matthew Coffina
Quarter-End Insights

Basic Materials: Iron Prices Swoon on Weaker China--Copper Is Next

The Chinese fixed-asset problem plaguing iron ore and soon copper will not be solved by cutting interest rates.
Jeffrey Stafford
US Videos

A Commodities Firm That Can Weather the Storms

BHP Billiton's diversified asset portfolio supports earnings through cyclical ups and downs in any one commodity line.
Mark Taylor
US Videos

Chinese Real Estate a Warning Sign for Commodities

Sluggishness in the country's real estate sector doesn't bode well for the broader commodities market.
Daniel Rohr
US Videos

2 Stock Picks With Miner Advantages

Low-cost resources will allow these basic materials names to maintain their profit margins despite a slowdown in China.
Elizabeth Collins
Quarter-End Insights

Our Outlook for Basic Materials Stocks

Improved demand should underpin stronger potash and PRB coal markets in 2014.
Daniel Rohr
Quarter-End Insights

Our Outlook for Basic Materials Stocks

Lower commodity prices and a break-up of the European potash cartel have weighed on basic materials stocks year-to-date.
Todd Wenning
Investing Specialists

Strong Market Makes Tax-Loss Selling Especially Valuable

Preharvesting losses can help offset rebalancing pain, but the strategy won't benefit everyone.
Christine Benz
US Videos

China's Perilous Rebalancing Act

The investment-led economic model has run so long in China that transitioning to a consumption model could be very risky to the current system, says Morningstar's Dan Rohr.
Jeremy Glaser
Commentary

What Investors Were Researching in June

Interest in dividend-paying stocks and bonds remained high as the market eyed the Fed.
Jeremy Glaser
US Videos

Jain: Emerging-Markets Consumer a Secular Growth Story

Emerging-markets consumer stocks are one of the few areas of long-term growth as the people are buying, eating, and drinking better, says Virtus Foreign Opportunities manager Rajiv Jain.
Bridget B. Hughes