BHP Group Limited

1.1: Company Overview: BHP Group Limited (ASX: BHP) is a global leader in the resources sector, primarily engaged in the exploration, production, and processing of a diverse range of minerals, including iron ore, copper, and coal. With operations spanning across multiple continents, BHP is committed to delivering sustainable value through innovation, responsible resource management, and long-term growth strategies. Kalkine’s Investor Report covers the Investment Highlights, Management Insights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.   

1.2: The Key Positives, Negatives, Investment Highlights, and Risks:

1.3: Top 10 Shareholders: The top 10 shareholders together form ~25.65% of the total shareholding. State Street Global Advisors Australia Ltd. And The Vanguard Group, Inc. are holding maximum stakes in the company at ~5.03% and ~4.99%, respectively.

1.4: Key Metrics: BHP registered a profit from operations of USD 9,126mn in 1HFY25, up 90% year-on-year from USD 4,803mn in 1HFY24. Below is captured the metrics showing the trend of operating margin and debt-to-equity ratio since 1HFY23:

2.1: Recent Business Updates:

2.2: Financial Insights:

2.3: Historical Financial Trend:

4.1: Price Performance and Technical Summary

The stock price has gone up by ~0.92% in the last one month and over the last 6 months, stock prices declined by ~0.08%. The stock has a 52-week low and 52-week high of AUD 38.280 and AUD 46.410, respectively, and is currently trading close to the 52-week-low level. BHP was last covered in a report dated ‘3 February 2025’.

4.2: Fundamental Valuation

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 3 March 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.   

Note 4: Dividend Yield may vary as per the stock price movement.  

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Technical Indicators Defined: - 

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.