And if you look at why the dividend is beyond US$3.00 - that's truly the big picture.
Free cashflow is approaching US$5.00 per share or about A$7.00. At a share price of $41.00 that equates to a price to free cashflow ratio of below 6, quite extraordinary.
So with all this free cashflow at its disposal it means negligible debt, high dividends and further investment in exploration to underwrite future profits - triple whammy when you have cash!
Those who argue this is all artificially driven by high commodity prices may be right to some degree. But on the other hand, volumes were somewhat depressed in FY22 and productivity was certainly hampered by worker absenteeism - which could well reverse in FY23 and provide a counterbalance to any commodity price weakness.
BHP - Charting, page-6
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Last
$43.40 |
Change
0.410(0.95%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $43.52 | $44.03 | $43.40 | $362.0M | 8.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14238 | $43.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.44 | 25000 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |