Bhp Group Limited Stock Shares Outstanding
| BHP Stock | USD 58.51 0.39 0.67% |
BHP Group Limited fundamentals help investors to digest information that contributes to BHP Group's financial success or failures. It also enables traders to predict the movement of BHP Stock. The fundamental analysis module provides a way to measure BHP Group's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BHP Group stock.
As of 04/23/2024, Common Stock Shares Outstanding is likely to drop to about 3.9 B. BHP | Shares Outstanding |
BHP Group Limited Company Shares Outstanding Analysis
BHP Group's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current BHP Group Shares Outstanding | 2.53 B |
Most of BHP Group's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BHP Group Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
BHP Shares Outstanding 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 Shares Outstanding. 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.
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BHP Shares Outstanding Historical Pattern
Today, most investors in BHP Group Stock are looking for potential investment opportunities by analyzing not only static indicators but also various BHP Group's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of BHP Group shares outstanding as a starting point in their analysis.
BHP Group Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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BHP Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, BHP Group Limited has 2.53 B of shares currently outstending. This is 312.22% higher than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The shares outstanding for all United States stocks is significantly lower than that of the firm.
BHP Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses BHP Group's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of BHP Group could also be used in its relative valuation, which is a method of valuing BHP Group by comparing valuation metrics of similar companies.BHP Group is currently under evaluation in shares outstanding category among related companies.
BHP Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.15 | ||||
| Profit Margin | 0.13 % | ||||
| Operating Margin | 0.39 % | ||||
| Current Valuation | 311.99 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 | 2.91 X | ||||
| Target Price | 64.25 | ||||
| Number Of Employees | 49.09 K | ||||
| Beta | 0.86 | ||||
| Market Capitalization | 147.17 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.
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
| 0.62 | MP | MP Materials Corp Financial Report 2nd of May 2024 | PairCorr |
| 0.72 | NB | NioCorp Developments | PairCorr |
| 0.79 | VZLA | Vizsla Resources Corp Financial Report 18th of July 2024 | PairCorr |
Moving against BHP Stock
| 0.54 | IPX | IperionX Limited American | PairCorr |
| 0.53 | ELBM | Electra Battery Materials Financial Report 8th of May 2024 | PairCorr |
| 0.48 | NMG | Nouveau Monde Graphite Financial Report 8th of May 2024 | PairCorr |
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.Check out BHP Group Piotroski F Score and BHP Group Altman Z Score 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.
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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 2.91 | 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.