MeritValue

BHP Group Ltd

BHPdata completeness 100%10 fiscal years on file

Data notes: no data for concept 'interestExpense'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$56.9B1$65.1B2$53.8B3$55.7B3$51.3B3
Net income$11.3B4$30.9B5$12.9B6$7.9B6$9.02B6
Operating cash flow$27.2B7$32.2B8$18.7B9$20.7B9$18.7B9
Capital expenditure$5.61B10$5.86B11$6.73B12$8.82B12$9.4B12
Free cash flow (derived)$21.6B7$26.3B8$12B9$11.8B9$9.29B9
Total debt$17.1B13$13.9B14$19.3B15$17.6B16$21.5B16
Cash & equivalents$15.2B17$17.2B18$12.4B19$12.5B19$11.9B19
Diluted shares2.95B5.07B5.07B5.07B5.08B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
2.0e-7%
of the whole company
Your share of last year’s profit
$17.77
Your share of its debt
$42.44
Your share of free cash flow
$18.31
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$29.67
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$11.8B
DCF · Growth Exit 5Y
$32.26
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$11.8B
Earnings Power Value
$23.47
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$11.3B
  • growthAssumed0.0%
Graham Number
$19.36
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $32.26

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 20-F · period ending 2021-06-30 · accession 0001193125-23-228105 (Revenue)
  2. 20-F · period ending 2022-06-30 · accession 0001193125-24-210297 (Revenue)
  3. 20-F · period ending 2023-06-30 · accession 0001193125-25-185641 (Revenue)
  4. 20-F · period ending 2021-06-30 · accession 0001193125-23-228105 (ProfitLossAttributableToOwnersOfParent)
  5. 20-F · period ending 2022-06-30 · accession 0001193125-24-210297 (ProfitLossAttributableToOwnersOfParent)
  6. 20-F · period ending 2023-06-30 · accession 0001193125-25-185641 (ProfitLossAttributableToOwnersOfParent)
  7. 20-F · period ending 2021-06-30 · accession 0001193125-23-228105 (CashFlowsFromUsedInOperatingActivities)
  8. 20-F · period ending 2022-06-30 · accession 0001193125-24-210297 (CashFlowsFromUsedInOperatingActivities)
  9. 20-F · period ending 2023-06-30 · accession 0001193125-25-185641 (CashFlowsFromUsedInOperatingActivities)
  10. 20-F · period ending 2021-06-30 · accession 0001193125-23-228105 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  11. 20-F · period ending 2022-06-30 · accession 0001193125-24-210297 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  12. 20-F · period ending 2023-06-30 · accession 0001193125-25-185641 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
  13. 20-F · period ending 2021-06-30 · accession 0001193125-22-238375 (Borrowings)
  14. 20-F · period ending 2022-06-30 · accession 0001193125-23-228105 (Borrowings)
  15. 20-F · period ending 2023-06-30 · accession 0001193125-24-210297 (Borrowings)
  16. 20-F · period ending 2024-06-30 · accession 0001193125-25-185641 (Borrowings)
  17. 20-F · period ending 2021-06-30 · accession 0001193125-23-228105 (CashAndCashEquivalents)
  18. 20-F · period ending 2022-06-30 · accession 0001193125-24-210297 (CashAndCashEquivalents)
  19. 20-F · period ending 2023-06-30 · accession 0001193125-25-185641 (CashAndCashEquivalents)