BHP

Public consensus   -   Last updated 06/08/19

Contributors 18

  • Bank of America Merrill Lynch
  • Barclays
  • BMO Capital Markets
  • Citi
  • Evans and Partners
  • Exane BNP Paribas
  • Goldman Sachs Australia
  • HSBC
  • Investec
  • JP Morgan Cazenove
  • Liberum Capital
  • Macquarie
  • Morgan Stanley
  • Oddo-BHF
  • RBC Capital Markets
  • Renaissance BJM
  • SBG Securities (Pty) Ltd
  • UBS
Reporting currency: USD
Reporting unit: Absolute
 
NO. OF
FORECASTS
FY19
CONSENSUS
06/08/19
FY19
MIN
FY19
MAX
Financial Inputs (US$ million, continuing operations, unless stated)
Revenue (including third party products)
Petroleum
18
5,947
5,507
6,643
Copper
18
10,931
10,482
11,860
Iron Ore
18
17,388
16,573
18,554
Coal
18
9,222
8,981
9,885
Group and unallocated
18
1,248
1,098
1,992
Total Revenue (including third party products)
18
44,737
43,579
46,274
Underlying EBITDA (including third party products)
Petroleum
18
3,948
3,602
4,511
Copper
18
4,424
4,079
4,852
Iron Ore
18
11,223
10,522
12,057
Coal
18
4,183
3,845
4,738
Group and unallocated
18
(71)
(601)
282
Total Underlying EBITDA (including third party products)
18
23,708
22,577
24,842
Depreciation and amortisation
18
(6,109)
(6,618)
(5,569)
Underlying EBIT (including third party products)
Petroleum
18
2,399
2,077
2,945
Copper
18
2,417
2,034
2,918
Iron Ore
18
9,547
8,823
10,310
Coal
18
3,463
3,011
3,990
Group and unallocated
18
(227)
(464)
60
Total Underlying EBIT (including third party products)
18
17,599
16,123
19,095
Net financing costs
18
(1,043)
(1,366)
(782)
Taxation (excluding exceptional items)
Total Taxation (excluding exceptional items)
18
(5,983)
(6,837)
(5,369)
Equity minority interests (excluding exceptional items)
18
(845)
(1,195)
(513)
Attributable profit (excluding exceptional items) from continuing operations
18
9,728
8,638
11,345
Attributable profit (excluding exceptional items) from discontinuing operations
18
(306)
(475)
(293)
Attributable profit (excluding exceptional items) from total operations
18
9,421
8,338
11,045
Closing number of shares (million)
18
5,071
5,051
5,181
Total dividend determined (US cents)
18
236
212
277
Net operating cash flow from continuing operations
17
17,735
15,668
22,038
Free cash flow from continuing operations
17
10,147
7,827
14,339
Net debt
18
9,286
6,548
15,289
Capital & Exploration expenditure Inputs (US$ m, continuing operations)
Capital expenditure (as per cash flow statement)
18
6,748
5,906
8,000
Total Exploration expenditure
16
807
533
900
Capital and exploration expenditure
18
7,465
6,633
8,153

Disclaimer

BHP invites registered sell-side analysts who monitor BHP’s securities to submit their estimates, in respect of each financial reporting period, to an external web-based tool managed by Vuma Financial Limited (Vuma).

The consensus figure for a particular item represents the arithmetic mean of all figures for that item submitted to Vuma by analysts. No analyst who has updated and entered their estimate into Vuma has been excluded from the aggregate consensus figures. The figures are current as at the date specified on the Vuma website and are not updated after that date.

The consensus figures reflect the opinions of third party analysts who do not have access to BHP’s internal financial information. The consensus figures are not based on BHP’s opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by, BHP. BHP does not endorse, confirm or express a view on the consensus estimates, and BHP does not accept any responsibility whatsoever in relation to the information.