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BHPBHP Group Limited
$79.89$202.9B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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BHP logo

BHP Group Limited

BHP
NYSE · Copper & Diversified Miners
$79.89
At close - Nov 6, 4:00 PM EST - USD
Market Cap$202.95B
P/E20.7x
52W High$98.71
Volume2.77M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Commodity Cycles Drive BHP's Earnings and Margin Volatility

BHP's revenue growth is highly cyclical, with a 19.5% decline in 2023Q4, reflecting its exposure to commodity price swings. The company demonstrates strong cash generation, evidenced by an operating cash flow to net income ratio of 2.96 in Q4 2026, and maintains a conservative balance sheet with a debt-to-equity ratio…

GrowthMixed
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

BHP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

+15% Peers

P/E is 15% above peer median

03

Market leadership

RS 53 · Avg

Average momentum (RS Rating: 53)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 17
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

BHP's revenue growth is erratic, swinging from 27.5% in 2022Q2 to -19.5% in 2023Q4, while gross margins compress from over 120% to 35.8%, indicating significant cyclical margin pressure.

Analyst Consensus-32.8% target
Hold(31 analysts)
7 Buy20 Hold4 Sell

The Bull Case

Upside Catalysts

Analyst Upgrades and Confidence

BHP has received multiple upgrades from analysts, including a 'strong-buy' rating from Goldman Sachs, indicating strong confidence in its future performance.

Potential for Appreciation

The current stock price is viewed as reflecting an achievable consensus price target, suggesting potential for appreciation.

Solid Financial Position

BHP maintains a solid financial position with a current ratio of 1.65, indicating sufficient assets to cover short-term liabilities.

The Bear Case

Key Downside Risks

Majority Hold Ratings

Despite some upgrades, a majority of analysts rate BHP as a 'hold', suggesting limited near-term outperformance.

Commodity Price Volatility

Fluctuations in commodity prices, such as iron ore and copper, can lead to unpredictable revenue streams and impact profitability.

Geopolitical and Regulatory Risks

BHP faces geopolitical risks and regulatory changes in operating countries, which could adversely affect its performance.

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BHP+34.93%
S&P 500 (^GSPC)+7.63%
1-Year Return
BHP+49.85%
S&P 500 (^GSPC)+9.69%
3-Year Return
BHP+49.86%
S&P 500 (^GSPC)+71.19%
5-Year Return
BHP+101.49%
S&P 500 (^GSPC)+59.02%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
20.7x
Forward P/EExpansion
16.1x
EV/EBITDA60th %ile
6.6x
FCF YieldCash Flow
5.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
20.7x
13.5x
80th· High
EV/EBITDA
6.6x
5.8x
60th· Fair
Price/FCF
17.0x
13.0x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$67.21-15.9%
Base (Fair)$96.30+20.5%
Bull$142.75+78.7%
$67.21 Bear$96.30 Base$142.75 Bull
Current Market Price: $79.89
Trades at a 17.0% discount to Base DCF ($96.30)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$58.76B+14.6% YoY
Net income FY26
$9.83B+9.0% YoY
Free cash flow FY26
$11.93B+28.6% YoY
Operating margin FY26
43.4%+5.4 pts YoY
ROIC (FY26)29.7%
Avg ROIC 5Y31.1%
ROE (FY26)18.1%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 17, 2026
$2.76+3.4%
vs $2.67
$31.2B+3.1%
vs $30.2B
Q1 2026
Feb 16, 2026
$2.24-6.7%
vs $2.40
$27.9B+2.2%
vs $27.3B
Q3 2025
Aug 18, 2025
$2.12+1.4%
vs $2.09
$26.0B-0.3%
vs $26.0B
Q1 2025
Feb 17, 2025
$1.74-12.1%
vs $1.98
$25.2B+0.5%
vs $25.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Newsfile Corp·1d ago
Mundoro Reports 2026 Timok Exploration Results; BHP Continues Trstenik and South Timok Options; Mundoro Regains 100% of Central Timok and Borsko Properties with Five Drill-Ready Porphyry Targets

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2026) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to report the exploration results and technical advances achieved during the first nine months of 2026 across its licenses in the Timok Magmatic Complex ("Timok"), Serbia, and to provide an update on its option agreements with BHP. 2026 BHP Funded Exploration Program Highlights Drilling across four targets.

Defense World·4d ago
BHP Group Limited Sponsored ADR $BHP Stock: Bank Julius Baer & Co. Ltd Zurich Decreases Position

Bank Julius Baer and Co. Ltd Zurich lowered its holdings in shares of BHP Group Limited Sponsored ADR (NYSE: BHP) by 20.2% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,895 shares of the mining company's stock after selling 93,861

Seeking Alpha·Oct 23, 2026
BHP Group Limited (BHP) Shareholder/Analyst Call Transcript

BHP Group Limited (BHP) Shareholder/Analyst Call Transcript

MarketBeat·Oct 22, 2026
BHP Group Highlights Copper Growth, Jansen Progress and Safety Push at AGM

BHP Group NYSE: BHP outlined its fiscal 2026 performance, growth plans and safety priorities at its annual general meeting, where management also addressed shareholder concerns about the Jansen potash project, coal operations, decarbonization and water use.

Filtered for BHP Group LimitedMore Headlines
04

Compare before deciding

Benchmark BHP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for BHP Group Limited (BHP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BHP logoBHPBHP Group LimitedCurrent
$79.89$202.95B20.7014.63%16.73%18.12%3.32%
RIO logoRIORio Tinto Group
$83.73$136.06B13.737.67%——4.49%
VALE logoVALEVale S.A.
$11.59$49.43B82.490.46%1.45%1.6%7.22%
FCX logoFCXFreeport-McMoRan Inc.
$59.42$85.42B24.871.12%13.03%10.76%1.01%
SCCO logoSCCOSouthern Copper Corporation
$167.27$142.73B22.0417.38%37.19%51.65%1.77%
CLF logoCLFCleveland-Cliffs Inc.
$11.46$6.54B-14.16-3%-2.36%-7.84%—

Compare BHP vs Peers

BHP Group Limited (BHP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RIO

Most directly comparable listed peer for BHP.

Scale Benchmark

vs CAT

Larger-name benchmark to compare BHP against a more recognizable public peer.

Peer Set

Compare Top 5

vs RIO, VALE, FCX, SCCO

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BHP Frequently Asked Questions

BHP Group Limited (BHP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is BHP Group Limited's revenue?

BHP Group Limited (BHP) reported $58.76B in revenue in fiscal year 2026. That is 268% more than the $15.98B of fiscal year 1997.

How fast is BHP Group Limited growing?

BHP Group Limited (BHP) grew revenue by 14.6% in fiscal year 2026, compared with the prior fiscal year.

Is BHP profitable?

Yes. BHP Group Limited (BHP) earned $9.83B in net income in fiscal year 2026 (a 16.7% net margin).

Dividend & Returns
Does BHP pay dividends?

Yes. BHP Group Limited (BHP) pays a dividend that yields 3.32% at the current price, a moderate yield.

What is BHP's return on equity?

BHP Group Limited (BHP) had a return on equity (ROE) of 18.1% in fiscal year 2026. That is above the market's typical 10-15%.

What is BHP Group Limited's free cash flow?

BHP Group Limited (BHP) generated $11.93B in free cash flow in fiscal year 2026.

What if you invested $1,000 in BHP back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →