BHP (BHP: $A52.81) sinks 4.2% on high volume; ex-Dividend; -$A2.34 [-4.2%] Vol Index 1.9 [1 is avg]
www.buysellsignals.com
BHP Group Limited's (ASX: BHP $A52.81) stock price sank $A2.34 (4.2%) from its previous trading session to close at $A52.81.
Compared with the All Ordinaries Index which fell 79.8 points (0.9%) in the day, the relative price change was -3.4%.
Today its volatility (highest price minus lowest price/lowest price) of 2.4% was 1.7 times its average daily volatility of 1.5%. Today the stock traded at its 15-day low of $A51.85. The high for the day was $A53.11.
There were 17,140,000 shares worth $A905.2 million traded today. The fall was exacerbated by high volume of 1.9 times the average daily volume of 9 million shares.
Today's update from Commodities markets - Copper
Copper (NYMEX:HG;$5.83 per pound) falls 1.2%
Copper (NYMEX:HG) has fallen 7.20c (or 1.2%) from its last trading session of March 04 to close at $5.83 per pound.($12,853 per Ton).
PV$1000 [10 Years] = US$2,583
Present Value of US$1,000 invested in Copper 10 years ago is now worth US$2,583; this corresponds to a TRS or CAGR of 10% per annum [Total Annualized Return of Copper.]
52-Week Price Range: $4.07 per pound - $6.39 per pound
52-Week Price Range: $8,972 per Ton - $14,081 per Ton
BHP (BHP) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Fri, Mar 06
http://www.bhpbilliton.com/
| Last | $A52.81 |
| 52-Week Price Range | $A32.63 - $A58.29 |
| Ave Daily Volume | 8,996,840 shares |
| Currency | 1.000 AUD = 0.7 USD |
| Today's Volume [VI] | 17,140,000 [1.9] |
| Market Cap | $A268 billion [US$188 billion] |
| Exchange | AUSTRALIAN [ASX] |
| P/E | 20.8 |
| EPS (FY2025) | $A1.78 |
| EPS Growth (FY2025 vs FY2024) | 14.1% |
| Shares Outstanding | 5,073,901,188 |
| BHP in Indices | All Ordinaries [of 387 stocks] |
| Dividend Yield % (TTM) | 3.44 |
| DPS (past 12 months) | $A1.9 or 188c |
| Sector | Materials [Rank by MCap 1 of 566 stocks] |
| PV$1000 (1 yr) and TRS | $A1,426; 42.6% US$1,553; 55.4% |
VI* Volume Index = Number of shares traded today/Average number of shares traded per day.
A year ago the exchange rate was USD 1 = 1.59 AUD. USD1000 would have bought $A1,585. A year ago the BHP share price was $A38.50. $A1,585 would have bought 41.2 BHP shares on that day. Those 41.2 shares would be worth $A2,174 at today's share price of $A52.81. At today's exchange rate of USD1=1.43 AUD this is equivalent to USD1,522. Dividends reinvested are worth $A54 ($31). PV$1000= $1,553.
Bullish Turning Point
Dividend Yield increases to 3.4%
Based on dividends of $A1.82 per share for the trailing twelve months and the last price of $A52.81 the dividend yield is 3.4%, a significant improvement from 3.3% on the previous day. It is comfortably above Benjamin Graham's benchmark of 2/3rd the triple-A bond yield of 4.8%. The yield of 3.4% is above the benchmark of 2.3% by 114 basis points or 1.1%.
APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER
BHP: EXPORT DATA TO EXCEL:
+ PRICE VOLUME - 5-YEAR HISTORY
+ FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2025]:
+ PEER COMPARISON
BHP: OTHER INFORMATION:
+ STOCK BUZZ
+ PRICE VOLUME CHARTS
+ USD vs AUD EXCHANGE RATE CHARTS IN HTML
+ COPPER COMMODITY PRICE CHARTS IN HTML
+ COPPER COMMODITY BUZZ IN HTML
+ BOARD OF DIRECTORS
INDEX
SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX
SECTION 2 CORPORATE PROFILE
SECTION 3 THE PAST YEAR: PRESS RELEASES
SECTION 4 COMMODITY BUZZ - COPPER
SECTION 5 TODAY'S BEARISH SIGNALS
SECTION 6 ONGOING BEARISH PARAMETERS
SECTION 7 TODAY'S BULLISH SIGNALS
SECTION 8 ONGOING BULLISH PARAMETERS
Read more...
ANNEXURE
APPENDIX II STOCK IDENTIFIERS
SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX
| Mar 06 | Last price in AUD | Annual Return of stock, % | Return of All Ordinaries Index, % | Net return Stock minus Index, % |
| 2026 | 52.81 | 41.9 | 13.5 | 28.3 |
| 2025 | 38.5 | -5.4 | 1 | -6.4 |
| 2024 | 40.71 | -2.4 | 11 | -13.4 |
| 2023 | 41.7 | 3 | -6.8 | 9.8 |
| 2022 | 40.48 | 15.3 | 8.9 | 6.4 |
Annual return of the stock overperformed return of the Index in each of the past 3 years.
SECTION 2 CORPORATE PROFILE
2.1 Activities
BHP Group Limited is a leading global resources company headquartered in Australia, specializing in the exploration, development, production, and marketing of minerals, metals, and petroleum. Its core business activities encompass the extraction and processing of key commodities, including iron ore, copper, coal, nickel, and potash, with operations spanning multiple continents to meet global demand in sectors like manufacturing, energy, and infrastructure. Among its segments, copper has been the fastest-growing, fueled by rising demand from renewable energy technologies and electric vehicles, positioning BHP as a key player in the transition to a low-carbon economy. The company emphasizes operational excellence, innovation, and sustainable practices to optimize resource efficiency and deliver long-term value to shareholders and communities. It is Australia's largest Materials company by market capitalisation.
SECTION 3 THE PAST YEAR: PRESS RELEASES
3.1 The Past Year: Press Releases
http://www.buysellsignals.com/bst/01599102101060326322
SECTION 4 COMMODITY BUZZ - COPPER
4.1 COMMODITY BUZZ - COPPER
http://www.buysellsignals.com/bst/01699102101060326322
SECTION 5 TODAY'S BEARISH SIGNALS
5.1 3-DAY: STRONG MOMENTUM DOWN
BHP Falls 6.7% on robust volume 1.8 times average. Compared with the All Ordinaries Index which fell 212.1 points (or 2.3%) in the 3-days, the relative price change was -4.5%.
Week 10 of 2026: Down 7.9%; BHP (BHP) underperformed the All Ordinaries Index in 2 out of 3 days. The price ranged between a low of $A52.81 on Friday Mar 06 and a high of $A55.15 on Thursday Mar 05.
| Mar | BHP | Close [AUD] | Change % | Comment |
| Fri 06 | Sinks 4.2% on high volume | 52.81 | -4.2 | Steepest Fall; VI*=1.9 |
| Thu 05 | Hits year-high 24th time in three months | 55.15 | 0.9 | Top Rise |
| Wed 04 | Down 6.0% in 2 days | 54.65 | -3.5 | VI*=1.7 |
[Volume Index (VI); 1 is average]
5.2 Rank in the bottom 19% by Relative Valuation in the Australian market
| Description | Value | Rank |
| Price/Earnings/Growth | 1.49 | In Bottom 19% |
5.3 Rank in the bottom 22% by Price Performance in the Australian market
| Description | Value | Rank |
| 1-week Price Change % | -7.9 | In Bottom 22% |
SECTION 6 ONGOING BEARISH PARAMETERS
6.1 Rank in the bottom 24% by Growth in the Australian market
| Description | Value | Rank |
| EPS Growth % | 14.1 | In Bottom 24% |
6.2 Declining Volume Past five Years
In the past five years, Average Daily Volume of Trading (ADVT) has decreased 0.6% to 9 million shares.
Avg. Daily Volume Traded 12 months ended Mar 06, million shares
| Year | ADVT |
| 2026 | 9.0 |
| 2025 | 7.9 |
| 2024 | 7.5 |
| 2023 | 9.8 |
| 2022 | 9.1 |
6.3 Satisfies 4 out of 9 criteria of Joseph Piotroski [pass mark 5]:
- Positive net income.
- Positive operating cashflow.
- Return on Assets improvement [from 9.4% to 10.2%].
- Good quality of earnings [operating cashflow exceeds net income].
But does not meet the following 5 criteria of Joseph Piotroski:
- Improvement in long-term debt to total assets.
- Improvement in current ratio.
- Total shares on issue unchanged (or reduction in total shares on issue).
- Improvement in gross margin.
- Improvement in asset turnover.
SECTION 7 TODAY'S BULLISH SIGNALS
Price/Earnings of 20.8 < Materials sector (of 529 stocks) avg of 36.0:
- The price-to-earnings ratio of 20.8 indicates undervaluation compared with sector average of 36.0 and market average of 27.2.
7.1 Relative Value Indicators: Undervaluation compared with Index averages and bond yield
- Earnings yield of 4.8% is more attractive compared with the Australian average earning yield of 3.7%.
- The earnings yield of 4.8% is 1.0 times the 10-year bond yield of 4.8%.
(All figures in %)
| Earnings Yield | 4.8 |
| Australian avg | 3.7 |
| Dividend Yield | 3.4 |
| Bond Yield | 4.8 |
Dividend Yield > 2/3rd Bond Yield:
The dividend yield of 3.44% is 0.72 times the triple-A bond yield of 4.8%; it is also above the benchmark of 2/3rd set by Benjamin Graham.
(All figures in %)
| Dividend Yield | 3.44 |
| Bond Yield | 4.8 |
| Spread | 1.36 |
7.2 Relative Value Indicators: Undervaluation compared with sector averages
| Sector | P/E | |
| Fortune 500 | Stock: 20.8; Sector: 21.7 | undervalued |
| Top40 Miners | Stock: 20.8; Sector: 24.1 | undervalued |
7.3 Rank in the top 24% by Price Performance in the Australian market
| Description | Value | Rank |
| Price/MAP50 | 1.05 | In Top 24% |
7.4 Uptrend
Beta > 1 combined with price rise. The Beta of the stock is 1.5.
Price/Moving Average Price of 1.22 and positive MACD:
- The Price/MAP 200 for BHP is 1.22. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the All Ordinaries Index of 1.0, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A50.48 is higher than the 200-day MAP of $A43.42, a third bullish indicator. The 200-day MAP has increased to $A43.42, a fourth bullish indicator.
- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 55.13 minus the 26-day EMA of 53.45 is positive, suggesting a bullish signal.
Past Month:
- Rises to Falls: In the past month the number of rises outnumbered falls 14:7 or 2:1.
Past Quarter:
- In the last three months the stock has hit a new 52-week high twenty-two times, pointing to a significant uptrend.
The Best 3 weeks in the past quarter
The past month witnessed the best 2 weeks in the past quarter. In the past quarter the week beginning Monday February 23 saw the highest weekly rise of 9.5% for a relative price increase of 8.1%. The rise was propped up by volume of 1.5 times average.
| Mon-Fri | Change % | All Ordinaries Index Change % | Vol Ind [1 is avg] |
| Feb 23-27 | 9.5 | 1.4 | 1.5 |
| Dec 01-05 | 7.6 | 0.1 | 1 |
| Feb 09-13 | 4.8 | 2.1 | 0.9 |
Relative Strength (6 months) 70 percentile:
- The stock has a 6-month relative strength of 70 in the Australian market of 1,411 stocks indicating it has outperformed 70% of the market.
7.5 Other Bullish Signals
- Return on Equity of 21.3% versus sector average of 7.4% and market average of 7.6%.
- Total Liabilities/EBITDA of 2.8 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5.
- Return on Assets of 10.2% versus sector average of 4.0% and market average of 1.5%.
- Return on Capital Employed of 21.6% versus sector average of 11.1% and market average of 3.2%.
- Interest cover defined by EBIT/I is 11.4 times. This indicates it is less leveraged.
MCap/Total Assets:
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.7. Compared with the rest of the market the stock is undervalued.
- Over the last 3 years average annual compound growth rate of earnings per share was 10.8%. This is considered moderate.
- Net profit margin has averaged 21.9% in the last 3 years. This is considered superior and suggests a high margin of safety.
- As per the Du Pont analysis, Return on Equity is high at 21.3%. This is computed as net profit margin of 21.7% times asset turnover [sales/assets] of 0.47 times leverage factor [total assets/shareholders' equity] of 2.1.Also, this has improved from 19.5% last year.
| ROE (%) | Profit Margin (%) | Asset Turnover | Leverage factor | |
| Current Year | 21.3 | 21.7 | 0.47 | 2.1 |
| Previous Year | 19.5 | 17.2 | 0.54 | 2.1 |
SECTION 8 ONGOING BULLISH PARAMETERS
8.1 EPS growth [FY2025 vs FY2024] of 14.1%:
| FY | EPS ($) | Growth % |
| 2025 | 1.78 | 14.1 |
| 2024 | 1.56 | -38.9 |
8.2 Rank in the top 99% by Liquidity in the Australian market
| Description | Value | Rank |
| Ave daily turnover | $A372 million | In top 99% |
8.3 Rank in the top 1% by Size in the Australian market
| Description | Value | Rank |
| Turnover | $A905.2 million | In Top 1% |
| MCap | $188 billion | In Top 1% |
| Annual Revenue | $51.3 billion | In Top 1% |
8.4 Rank in the top 20% by Productivity in the Australian market
| Description | Value | Rank |
| Return on Equity [ROE] % | 21.3 | In Top 11% |
| Return on Capital Employed [ROCE] % | 21.6 | In Top 12% |
| Return on Assets [ROA] % | 10.2 | In Top 20% |
8.5 Present Value of AUD1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVAUD1000 > 1,232
| PVAUD1,000 | 3 mo ago | 1 yr ago | 3 yrs ago |
| BHP.ASX | $A1,233 | $A1,426 | $A1,480 |
| Materials sector | $A1,268 | $A1,458 | $A1,324 |
| All Ordinaries Index | $A1,024 | $A1,091 | $A1,207 |
8.6 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 20.9
3-Year price change of 26.6% for BHP outperformed the change of 21.4% in the All Ordinaries Index for a relative price change of 5.2%.
| Price Change % | Quarter | Year | 3 Years |
| BHP | 21 | 37.2 | 26.6 |
| Materials sector | 27.4 | 46 | 31.8 |
| All Ordinaries Index | 1.8 | 8.6 | 21.4 |
8.7 MCap: 5-Year Increase of $A23 B (10%)
In the past 5 years Market Capitalization has increased by $A23.4 billion (10%) from $A244.5 billion to $A268 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years.
| Price | MCap (AUD B) | MCap ($ B) | |
| Last | $A52.81 | 268 | 187.6 |
| 1 Year ago | $A38.50 | 199 | 126.4 |
| 2 Years ago | $A40.71 | 226.1 | 147.4 |
| 3 Years ago | $A41.70 | 244.8 | 164.4 |
| 4 Years ago | $A40.48 | 253.2 | 185.2 |
| 5 Years ago | $A35.11 | 244.5 | 190.9 |
8.8 Created Market Value [CMV] past 20 yrs of $A145.4 billion
- Market Capitalization has increased by $A186.3 billion from $A81.7 billion to $A268 billion in the last 20 years. This increase comprises cumulative retained earnings (RETE) of $A40.9 billion and Created Market Value of $A145.4 billion. The Created Market Value multiple, defined by the change in MCap for every AUD1 of retained earnings is exemplary at $A4.56.
8.9 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 13.7%
| TSR % | 1 yr | 3 yrs | 5 yrs |
| BHP.ASX | 42.6 | 13.8 | 16.8 |
8.10 P/E/G < 1
The price earnings ratio of 20.8 divided by trailing twelve months eps growth of 14.1% corresponds to an attractive P/E/G of 1.5 times; this is better than sector average of 6.7.
| EPS Growth (%) | 14.12 |
| P/E/G | 1.49 |
| P/E | 20.8 |
8.11 Improved EBIT Margins:
EBIT margin is positive and has increased from 32.8% to 39.3% in the past year.
| FY | EBIT Margins (%) |
| 2025 | 39.3 |
| 2024 | 32.8 |
| 2023 | 43.6 |
| 2022 | 52.5 |
| 2021 | 44.9 |
8.12 Safe Interest Cover and Improving
Interest cover of 11.4 is above a safe benchmark figure of 3. Moreover, it has improved from 8.3 a year ago.
| Years | Interest cover |
| 2025 | 11.36 |
| 2024 | 8.3 |
| 2023 | 11.39 |
8.13 Low Debt to Equity (%)
The debt to equity ratio of 47.3% is under a safe benchmark figure of 50%. However, it has deteriorated from 43.2% a year ago.
| Years | Debt to Equity (%) |
| Jun 2025 | 47.32 |
| Jun 2024 | 43.22 |
| Jun 2023 | 46.87 |
| Jun 2022 | 34.87 |
| Jun 2021 | 37.97 |
8.14 Increased VWAP, up 23% in 5 years
In the past five years Volume Weighted Average Price (VWAP) has increased by 22.8% to $A41.86.
Past five years, 12 months ended Mar 06 (AUD)
| Year | High Price | VWAP | Low Price |
| 2026 | 58.29 | 41.86 | 32.63 |
| 2025 | 44.47 | 39.82 | 35.8 |
| 2024 | 46.37 | 40.71 | 36.97 |
| 2023 | 43.54 | 36.5 | 29.04 |
| 2022 | 40.66 | 34.08 | 27.56 |
8.15 Increased share turnover, up 21% in 5 years
In the past five years, average daily share turnover has increased 21.1% to $A376.6 million. This suggests increased liquidity.
Past five years, 12 months ended Mar 06 (AUD million)
| Year | Average Daily Turnover |
| 2026 |