Bhp Group Limited Stock Z Score

BHP Stock

USD 57.99 0.42 0.72%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out BHP Group Piotroski F Score and BHP Group Valuation analysis.

At this time, BHP Group's Capital Surpluse is relatively stable compared to the past year. As of 04/19/2024, Net Invested Capital is likely to grow to about 57.2 B, while Capital Lease Obligations is likely to drop slightly above 2.2 B. At this time, BHP Group's Discontinued Operations is relatively stable compared to the past year. As of 04/19/2024, Interest Income is likely to grow to about 364.4 M, while Total Revenue is likely to drop slightly above 35.3 B.

BHP Group Limited Company Z Score Analysis

BHP Group's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

BHP Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for BHP Group is extremely important. It helps to project a fair market value of BHP Stock properly, considering its historical fundamentals such as Z Score. Since BHP Group's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of BHP Group's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of BHP Group's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Long Term Debt	Good Will	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Treasury Stock	Long Term Investments	Short Long Term Debt	Net Tangible Assets	Deferred Long Term Liab	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.98	0.69	0.98	0.71	0.98	0.57	0.16	0.7	0.86	0.82	0.66	-0.24	-0.49	0.96	-0.05	-0.15	0.11	0.04	0.12	0.04	0.19	0.2	0.22	0.11	0.13	-0.11
Total Stockholder Equity	0.98		0.72	1.0	0.73	0.93	0.5	0.08	0.78	0.85	0.84	0.7	-0.16	-0.55	0.96	0.08	-0.27	0.24	0.16	0.25	0.17	0.27	0.29	0.32	0.23	0.19	-0.22
Net Debt	0.69	0.72		0.75	0.41	0.62	-0.13	0.16	0.93	0.53	0.83	0.84	-0.36	-0.59	0.78	0.38	-0.49	0.51	0.42	0.53	0.48	0.69	0.44	0.6	0.33	-0.02	-0.44
Retained Earnings	0.98	1.0	0.75		0.71	0.92	0.47	0.07	0.81	0.84	0.85	0.73	-0.17	-0.55	0.96	0.13	-0.31	0.27	0.19	0.3	0.21	0.31	0.31	0.36	0.26	0.2	-0.24
Net Receivables	0.71	0.73	0.41	0.71		0.72	0.37	0.33	0.49	0.83	0.36	0.61	0.25	-0.11	0.76	0.09	-0.44	0.21	0.32	0.21	0.29	-0.16	-0.12	-0.06	-0.16	-0.16	0.18
Total Liab	0.98	0.93	0.62	0.92	0.72		0.61	0.26	0.58	0.87	0.74	0.6	-0.24	-0.41	0.94	-0.15	-0.07	0.0	-0.04	-0.01	-0.05	0.07	0.09	0.08	-0.04	0.03	0.01
Total Current Assets	0.57	0.5	-0.13	0.47	0.37	0.61		0.08	-0.08	0.53	0.22	-0.12	-0.08	-0.07	0.38	-0.47	0.38	-0.47	-0.44	-0.42	-0.5	-0.44	-0.17	-0.31	-0.13	0.41	0.27
Short Term Debt	0.16	0.08	0.16	0.07	0.33	0.26	0.08		0.01	0.24	-0.05	0.13	-0.48	0.24	0.3	-0.46	0.1	-0.22	-0.18	-0.39	-0.21	-0.47	-0.7	-0.63	-0.75	-0.66	0.6
Intangible Assets	0.7	0.78	0.93	0.81	0.49	0.58	-0.08	0.01		0.52	0.84	0.86	-0.22	-0.6	0.78	0.48	-0.63	0.59	0.55	0.66	0.6	0.68	0.48	0.66	0.5	0.14	-0.49
Accounts Payable	0.86	0.85	0.53	0.84	0.83	0.87	0.53	0.24	0.52		0.58	0.53	-0.04	-0.39	0.86	-0.02	-0.16	0.09	0.04	0.07	0.04	-0.03	0.06	0.02	-0.06	-0.01	0.0
Long Term Debt	0.82	0.84	0.83	0.85	0.36	0.74	0.22	-0.05	0.84	0.58		0.72	-0.36	-0.79	0.83	0.11	-0.17	0.23	0.09	0.27	0.15	0.62	0.5	0.56	0.5	0.26	-0.52
Good Will	0.66	0.7	0.84	0.73	0.61	0.6	-0.12	0.13	0.86	0.53	0.72		-0.08	-0.36	0.78	0.31	-0.54	0.36	0.44	0.51	0.5	0.52	0.21	0.49	0.24	-0.13	-0.21
Short Term Investments	-0.24	-0.16	-0.36	-0.17	0.25	-0.24	-0.08	-0.48	-0.22	-0.04	-0.36	-0.08		0.21	-0.27	0.33	-0.28	0.22	0.32	0.26	0.31	-0.11	0.11	0.09	0.21	0.15	-0.04
Common Stock	-0.49	-0.55	-0.59	-0.55	-0.11	-0.41	-0.07	0.24	-0.6	-0.39	-0.79	-0.36	0.21		-0.5	-0.27	0.12	-0.4	-0.09	-0.31	-0.13	-0.64	-0.73	-0.6	-0.62	-0.34	0.82
Property Plant Equipment	0.96	0.96	0.78	0.96	0.76	0.94	0.38	0.3	0.78	0.86	0.83	0.78	-0.27	-0.5		0.0	-0.25	0.2	0.12	0.17	0.13	0.22	0.14	0.21	0.06	-0.05	-0.11
Current Deferred Revenue	-0.05	0.08	0.38	0.13	0.09	-0.15	-0.47	-0.46	0.48	-0.02	0.11	0.31	0.33	-0.27	0.0		-0.87	0.84	0.91	0.96	0.92	0.66	0.65	0.74	0.58	0.26	-0.62
Treasury Stock	-0.15	-0.27	-0.49	-0.31	-0.44	-0.07	0.38	0.1	-0.63	-0.16	-0.17	-0.54	-0.28	0.12	-0.25	-0.87		-0.79	-0.98	-0.9	-0.98	-0.47	-0.34	-0.53	-0.35	-0.02	0.33
Long Term Investments	0.11	0.24	0.51	0.27	0.21	0.0	-0.47	-0.22	0.59	0.09	0.23	0.36	0.22	-0.4	0.2	0.84	-0.79		0.81	0.85	0.82	0.59	0.62	0.65	0.45	0.04	-0.62
Short Long Term Debt	0.04	0.16	0.42	0.19	0.32	-0.04	-0.44	-0.18	0.55	0.04	0.09	0.44	0.32	-0.09	0.12	0.91	-0.98	0.81		0.92	0.99	0.5	0.39	0.56	0.38	0.06	-0.37
Net Tangible Assets	0.12	0.25	0.53	0.3	0.21	-0.01	-0.42	-0.39	0.66	0.07	0.27	0.51	0.26	-0.31	0.17	0.96	-0.9	0.85	0.92		0.95	0.72	0.64	0.81	0.62	0.28	-0.61
Deferred Long Term Liab	0.04	0.17	0.48	0.21	0.29	-0.05	-0.5	-0.21	0.6	0.04	0.15	0.5	0.31	-0.13	0.13	0.92	-0.98	0.82	0.99	0.95		0.57	0.44	0.63	0.44	0.08	-0.42
Long Term Debt Total	0.19	0.27	0.69	0.31	-0.16	0.07	-0.44	-0.47	0.68	-0.03	0.62	0.52	-0.11	-0.64	0.22	0.66	-0.47	0.59	0.5	0.72	0.57		0.82	0.95	0.78	0.34	-0.83
Capital Surpluse	0.2	0.29	0.44	0.31	-0.12	0.09	-0.17	-0.7	0.48	0.06	0.5	0.21	0.11	-0.73	0.14	0.65	-0.34	0.62	0.39	0.64	0.44	0.82		0.89	0.82	0.55	-0.95
Net Invested Capital	0.22	0.32	0.6	0.36	-0.06	0.08	-0.31	-0.63	0.66	0.02	0.56	0.49	0.09	-0.6	0.21	0.74	-0.53	0.65	0.56	0.81	0.63	0.95	0.89		0.86	0.51	-0.86
Cash And Equivalents	0.11	0.23	0.33	0.26	-0.16	-0.04	-0.13	-0.75	0.5	-0.06	0.5	0.24	0.21	-0.62	0.06	0.58	-0.35	0.45	0.38	0.62	0.44	0.78	0.82	0.86		0.74	-0.83
Net Working Capital	0.13	0.19	-0.02	0.2	-0.16	0.03	0.41	-0.66	0.14	-0.01	0.26	-0.13	0.15	-0.34	-0.05	0.26	-0.02	0.04	0.06	0.28	0.08	0.34	0.55	0.51	0.74		-0.48
Capital Stock	-0.11	-0.22	-0.44	-0.24	0.18	0.01	0.27	0.6	-0.49	0.0	-0.52	-0.21	-0.04	0.82	-0.11	-0.62	0.33	-0.62	-0.37	-0.61	-0.42	-0.83	-0.95	-0.86	-0.83	-0.48

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict BHP Group

In accordance with the company's disclosures, BHP Group Limited has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

BHP Group Institutional Holders

Institutional Holdings refers to the ownership stake in BHP Group that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of BHP Group's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing BHP Group's value.

		Shares
Royal Bank Of Canada	2023-12-31	1.5 M
Fmr Inc	2023-12-31	1.5 M
State Farm Mutual Automobile Ins Co	2023-12-31	1.3 M
Sih Partners Lllp	2023-12-31	1.3 M
Westwood Global Investments Llc	2023-12-31	1.2 M
Atlantic Trust Group, Llc	2023-12-31	942 K
Lmr Partners Llp	2023-12-31	901.9 K
Wells Fargo & Co	2023-12-31	836.7 K
Jane Street Group, Llc	2023-12-31	823.5 K
Fisher Asset Management, Llc	2023-12-31	19.9 M
Harding Loevner L.p.	2023-12-31	10.7 M

BHP Fundamentals

	Return On Equity	0.19
	Return On Asset	0.15
	Profit Margin	0.13 %
	Operating Margin	0.39 %
	Current Valuation	311.33 B
	Shares Outstanding	2.53 B
	Shares Owned By Insiders	0.06 %
	Shares Owned By Institutions	3.78 %
	Number Of Shares Shorted	9.03 M
	Price To Earning	7.62 X
	Price To Book	3.58 X
	Price To Sales	2.71 X
	Revenue	53.82 B
	Gross Profit	43.23 B
	EBITDA	27.12 B
	Net Income	21.4 B
	Cash And Equivalents	5.22 B
	Cash Per Share	6.93 X
	Total Debt	22.34 B
	Debt To Equity	0.37 %
	Current Ratio	1.69 X
	Book Value Per Share	8.17 X
	Cash Flow From Operations	18.7 B
	Short Ratio	3.59 X
	Earnings Per Share	2.92 X
	Target Price	64.25
	Number Of Employees	49.09 K
	Beta	0.86
	Market Capitalization	147.04 B
	Total Asset	101.3 B
	Retained Earnings	39.79 B
	Working Capital	4.31 B
	Current Asset	17.71 B
	Current Liabilities	12.34 B
	Annual Yield	0.05 %
	Five Year Return	6.18 %
	Net Asset	101.3 B
	Last Dividend Paid	1.52

About BHP Group Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze BHP Group Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BHP Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BHP Group Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

BHP Group Investors Sentiment

The influence of BHP Group's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in BHP. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to BHP Group's public news can be used to forecast risks associated with an investment in BHP. The trend in average sentiment can be used to explain how an investor holding BHP can time the market purely based on public headlines and social activities around BHP Group Limited. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

BHP Group's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for BHP Group's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average BHP Group's news discussions. The higher the estimated score, the more favorable is the investor's outlook on BHP Group.

BHP Group Implied Volatility

37.61

BHP Group's implied volatility exposes the market's sentiment of BHP Group Limited stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if BHP Group's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that BHP Group stock will not fluctuate a lot when BHP Group's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BHP Group in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BHP Group's short interest history, or implied volatility extrapolated from BHP Group options trading.

Pair Trading with BHP Group

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BHP Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BHP Group will appreciate offsetting losses from the drop in the long position's value.

Moving together with BHP Stock

0.63	MP	MP Materials Corp Financial Report 2nd of May 2024	Pair Corr
0.7	NB	NioCorp Developments	Pair Corr
0.79	VZLA	Vizsla Resources Corp Financial Report 18th of July 2024	Pair Corr

Moving against BHP Stock

0.56	IPX	IperionX Limited American	Pair Corr
0.54	ELBM	Electra Battery Materials Financial Report 8th of May 2024	Pair Corr
0.47	NMG	Nouveau Monde Graphite Financial Report 8th of May 2024	Pair Corr

The ability to find closely correlated positions to BHP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BHP Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BHP Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BHP Group Limited to buy it.

The correlation of BHP Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BHP Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BHP Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for BHP Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether BHP Group Limited is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if BHP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Bhp Group Limited Stock. Highlighted below are key reports to facilitate an investment decision about Bhp Group Limited Stock:

How To Invest In BHP

Details

Is BHP Stock a good investment?

Details

What is BHP Group's Net Worth?

Details

Largest Diversified Metals & Mining Companies

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Largest Other Industrial Metals & Mining Companies

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Check out BHP Group Piotroski F Score and BHP Group Valuation analysis.

Note that the BHP Group Limited information on this page should be used as a complementary analysis to other BHP Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for BHP Stock analysis

When running BHP Group's price analysis, check to measure BHP Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BHP Group is operating at the current time. Most of BHP Group's value examination focuses on studying past and present price action to predict the probability of BHP Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BHP Group's price. Additionally, you may evaluate how the addition of BHP Group to your portfolios can decrease your overall portfolio volatility.

	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	CEOs Directory Screen CEOs from public companies around the world
	Equity Valuation Check real value of public entities based on technical and fundamental data

Is BHP Group's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BHP Group. If investors know BHP will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BHP Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.86)

Dividend Share

1.52

Earnings Share

2.92

Revenue Per Share

21.974

Quarterly Revenue Growth

0.057

The market value of BHP Group Limited is measured differently than its book value, which is the value of BHP that is recorded on the company's balance sheet. Investors also form their own opinion of BHP Group's value that differs from its market value or its book value, called intrinsic value, which is BHP Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BHP Group's market value can be influenced by many factors that don't directly affect BHP Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between BHP Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if BHP Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BHP Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Bhp Group Limited Stock Z Score

BHP Group Limited Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

BHP Z Score Driver Correlations

BHP Group Institutional Holders

BHP Fundamentals

About BHP Group Fundamental Analysis

BHP Group Investors Sentiment

BHP Group Implied Volatility

Pair Trading with BHP Group

Moving together with BHP Stock

Moving against BHP Stock

Complementary Tools for BHP Stock analysis

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