Those calling BHP at $25ish must realise that was the Covid low or the price in 2017 and 2016 (not the lows).
2016/17- we had the Samarco disaster, iron ore went to $40 on a flash crash and BHP had net debt at over US$30bn.
2020 - pandemic. Balance sheet by memory was still circa $USD20 bN odd and the world economy stopped….
2024. Net debt is under $US10bn. We make enormous amounts of free cashflow and iron ore is still in the $90s. BHP is the lowest cost producer in the world. NTA is off the top of my head circa $14 alone, but I’d dare say the real value of the infrastructure it owns is likely double that given inflation and we are using accounting depreciated figures.
If she goes to $25 something seriously bad has happened. I’ve been offloading overpriced bank stocks to continually top up large amounts here. Cannot believe the valuation differences (my view).
Those calling BHP at $25ish must realise that was the Covid low...
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |