sure i agree with that - but that doesnt make the point about overvaluation incorrect
bhp trades 22x pe - igo 10x, s32 10x. and arguably bhp has the worse exposures on a 3-5 yr view - iron ore and coal are far less constructive earnings profiles than copper, nickel, gold, zinc
that premium is due to the low cost long life of bhps asset base and their scale of output - but its a helluva premium unless you think the prices are going to rise reasonably strongly and so earnings margin % are going to pop- compared to those other high quality low cost production companies
the price action day to day to bhhp seemed far more to do with oil's 40.22 wti drop than brazil.
but who knows for sure - several days they overlapped
Trevor Sykes: BHP is a red hot buy, page-61
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Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 508 | $43.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.90 | 5100 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |