© Stockopedia 19th October, 2017

BHP Billiton

BLT 1398.5p 8.5  0.6%
8:07am 1.50k
Market Cap £74.00bn
Enterprise Value £90.46bn
Revenue £29.03bn
Quality 96
Value 79
StockRank 98

Momentum
Relative Strength (%)
1m +1.1%
3m +4.6%
1yr +6.1%
Volume Change (%)
10d v 3m -8.17%
Price vs... (%)
52w High -8.5%
50d MA +0.34%
200d MA +6.21%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (f) 13.5
PEG Ratio (f) 1.34
EPS Growth (f) 11.2 %
Dividend Yield (f) 4.46 %
Valuation (ttm)
Price to Book Value 1.70
Price to Tang. Book 1.83
Price to Free Cashflow 8.43
Price to Sales 2.55
EV to EBITDA 6.11
Margin of Safety (beta)
Screens Passed 5
vs.
market
vs.
industry
Quality
Return on Capital 11.1 %
Return on Equity 10.6 %
Operating Margin 30.7 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 30th Jun 2012 2013 2014 2015 2016 2017 2018E 2019E CAGR / Avg
Revenue $m 70,477 53,860 56,762 44,636 30,912 38,285 40,510 39,331 -11.5%
Operating Profit $m 24,600 21,977 22,649 8,670 -6,235 11,753 -13.7%
Net Profit $m 15,473 11,223 13,832 1,910 -6,385 5,890 7,606 6,641 -17.6%
EPS Reported $ 2.89 2.35 2.54 0.64 -1.20 1.10 -17.5%
EPS Normalised $ 3.27 2.10 2.55 1.35 -0.12 1.14 1.41 1.23 -19.1%
EPS Growth % -17.3 -35.9 +21.4 -47.1 +24.3 -12.9
PE Ratio x 16.1 13.0 14.9
PEG x 0.66 n/a 2.94
Profitability
Operating Margin % 34.9 40.8 39.9 19.4 -20.2 30.7 +24.3%
ROA % 9.3 9.3 2.5 -5.2 5.0
ROCE % 22.9 18.5 17.0 7.8 -5.8 11.1 +11.9%
ROE % 18.4 18.1 4.8 -10.7 10.6 +8.2%
Cashflow
Op. Cashflow ps $ 4.72 3.77 4.75 3.62 2.00 3.15 -7.8%
Capex ps $ 3.99 4.27 3.07 2.41 1.45 0.98 -24.5%
Free Cashflow ps $ 0.73 -0.50 1.68 1.21 0.55 2.17 +24.3%
Last ex-div: 8th Mar, paid: 27th Mar more... Dividends
Dividend ps $ 1.12 1.16 0.29 0.85 0.85 0.75 -5.3%
Dividend Growth % +10.9 +3.57 -100.0 +196 -0.62 -11.6
Dividend Yield % 4.66 4.63 4.09
Dividend Cover x 2.58 2.02 -4.16 1.29 1.66 1.64
Balance Sheet
Cash etc $m 5,063 5,838 8,890 6,836 10,440 14,225 +23.0%
Working Capital $m -1,583 -1,186 4,232 3,516 5,374 9,690
Net Fixed Assets $m 103,710 114,729 123,678 103,919 97,120 91,982 -2.4%
Net Debt $m 23,267 27,349 25,699 24,334 25,981 16,249
Book Value $m 65,870 70,667 79,143 64,768 54,290 57,258 -2.8%
Average Shares m 5,346 5,340 5,338 5,333 5,322 5,336 -0.04%
Book Value ps $ 12.4 13.3 14.9 12.2 10.2 10.8 -2.8%

FINANCIAL BRIEF: For the fiscal year ended 30 June 2017, BHP Billiton plc revenues increased 24% to $38.29B. Net income totaled $5.89B vs. loss of $6.39B. Revenues reflect Iron Ore segment increase of 39% to $14.62B, China segment increase of 43% to $18.88B, Iron Ore, Avg. Price per Met. Ton, Total increase of 32% to $58 per metric ton, Iron Ore Production MT Wheelarra increase of 20% to 27M metric tons. Net Income reflects Impairment of Fixed Assets. more »

Health Trend
Bankruptcy Risk
Earnings Manipulation Risk
825     73%    B+
Magic Formula Score
B+
B+
Other Ratios
Leverage (ttm) Total -Intang +Pension
Gross Gearing % 53.2 57.2 53.2
Net Gearing % 28.4 30.5 28.4
Cash / Assets % 12.2 12.2
Liquidity (ttm)
Curr. Ratio 1.85
Quick Ratio 1.53
Interest Cov. 12.9
Efficiency (ttm)
Asset Turnover 0.32
Rec's Turnover 12.8
Stock Turnover 1.22
vs.
market
vs.
industry
Recent History
Latest interim period (ended 30th Jun '17) vs. prior year
Sales Growth 28.2 %
EPS Growth n/a %
3yr Compound Annual Growth Rate
Sales Growth -12.3 %
EPS Growth -23.6 %
DPS Growth n/a %
Graphical History Current Fiscal Year 2018

Broker Forecasts
30th Jun 2018
30th Jun 2019

Price Target: $18.6
(+1.51% above Price)
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: +42.3% ($) ($) ($) ($) ($) ($)
Consensus Estimate 7.71bn 1.41 0.85 6.70bn 1.23 0.75
1m Change +1.03bn +0.15 +0.079 +444.2m +0.064 +0.033
3m Change +1.05bn +0.19 +0.091 +324.1m +0.038 +0.027
20 brokers Broker Consensus Trend
Broker Recommendations for BHP Billiton
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 2 4 9 3 6

Named Brokers and Analysts
Bank of America Merrill Lynch Jason Fairclough , Deutsche Bank Equity Research Liam Fitzpatrick , CIBC World Markets , Jefferies , HSBC Ashleigh Lazenby , Credit Suisse Paul McTaggart , RBC Capital Markets Tyler Broda , Morgan Stanley Menno Sanderse , Citi Johann Pretorius , BMO Capital Markets Edward Sterck , BERNSTEIN Paul Gait , Investec Bank (UK) Plc Hunter Hillcoat , Goldman Sachs Research Eugene King , Canaccord Genuity Tim Huff , UBS Equities Glyn Lawcock Myles Allsop , Renaissance Capital Johann Pretorius , SBG Securities Tim Clark , Exane BNP Paribas Sylvain Brunet , Macquarie Research Grant Sporre , Societe Generale Christian Georges , JPMorgan Fraser Jamieson , Hamburger Sparkasse (HASPA) , Barclays Amos Fletcher , Haitong Research (UK) , Morningstar, Inc. Mathew Hodge , Day by Day Valérie GASTALDY , Liberum Richard Knights , Alphavalue Varun Sikka , Beaufort Securities Ben Maitland , Renaissance Macro Research Peter Ward ,

Profile Summary

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. It extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. It sells its products through direct supply agreements with its customers and on global commodity exchanges.

Directors: Andrew Mackenzie (CHM) 60, Peter Beaven (CFO) 50, Arnoud Balhuizen (CEX) 48, Mike Henry (CEX) 51, Daniel Malchuk (CEX) 51, Steve Pastor (CEX) 51, Diane Jurgens (CTO) 55, Geoff Healy (OTH) 51, Laura Tyler (OTH) 50, Athalie Williams (OTH) 47, Kenneth MacKenzie (NEC) 53, Terence Bowen (NID) 50, Malcolm Broomhead (NID) 65, Anita Frew (NID) 60, Carolyn Hewson (NID) 62,

No. of Employees: 26,146 No. of Shareholders: 16,946


Last Annual June 30th, 2017
Last Interim June 30th, 2017
Incorporated May 9, 1996
Public Since July 28, 1997
Shares in Issue 5,323,621,653
Free Float 2.11bn (39.5%)

BLT Share Price Performance BLTQuote
1398.5p
8.5  0.6%
Traded 8:07am · Minimum 15 min delayed · NMS: 1.50k

Latest BLT News Announcements (delayed)

Upcoming BLT Events
Thursday 19th October, 2017
BHP Billiton PLC Shareholder Information Session
Thursday 19th October, 2017
BHP Billiton PLC Annual Shareholders Meeting

Recent ↓
Monday 11th September, 2017
BHP Billiton PLC at Credit Suisse Global Steel and Mining Conference
Thursday 7th September, 2017
Dividend For BLT
Thursday 7th September, 2017
Dividend For BBL
Wednesday 29th March, 2017
BHP Billiton PLC at Informa Global Iron Ore & Steel Forecast Conference
Thursday 9th March, 2017
Dividend For BLT
Wednesday 8th March, 2017
Dividend For BBL
Monday 27th February, 2017
BHP Billiton PLC at BMO Capital Markets Global Metals & Mining Conference
Thursday 20th October, 2016
BHP Billiton PLC Annual Shareholders Meeting
Tuesday 18th October, 2016
Q1 2017 BHP Billiton PLC Operational Review
Wednesday 5th October, 2016
BHP Billiton PLC Petroleum Investor Briefing
Thursday 1st September, 2016
Dividend For BLT.L
Wednesday 31st August, 2016
Dividend For BBL
Wednesday 20th July, 2016
Q1 2017 BHP Billiton PLC Operational Review
Tuesday 19th July, 2016
Q4 2016 BHP Billiton PLC Operational Review
Monday 27th June, 2016
BHP Billiton PLC at Citi Mining Exploration Day
Tuesday 21st June, 2016
BHP Billiton PLC Coal Business Update
Tuesday 10th May, 2016
BHP Billiton PLC at Bank of America Merrill Lynch Global Metals, Mining & Steel Conference
Tuesday 19th April, 2016
Q3 2016 BHP Billiton PLC Operational Review
Thursday 10th March, 2016
Dividend For BLT.L
Wednesday 9th March, 2016
Dividend For BBL


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