BHP

Public consensus   -   Last updated 05/02/19

Contributors 13

  • Avior Capital Markets
  • Bank of America Merrill Lynch
  • Barclays
  • BMO Capital Markets
  • Citi
  • CLSA
  • Credit Suisse
  • Evans and Partners
  • Goldman Sachs Australia
  • Investec
  • Liberum Capital
  • Macquarie
  • UBS
Reporting currency: USD
Reporting unit: Absolute
 
NO. OF
FORECASTS
H1 FY19
CONSENSUS
05/02/19
H1 FY19
MIN
H1 FY19
MAX
Financial Inputs (US$ million, continuing operations, unless stated)
Revenue (including third party products)
Petroleum
13
3,079
2,835
3,232
Copper
13
5,170
4,912
5,553
Iron Ore
13
7,467
7,222
7,702
Coal
13
4,449
4,105
4,592
Group and unallocated
13
528
125
748
Total Revenue (including third party products)
13
20,693
19,932
21,278
Underlying EBITDA (including third party products)
Petroleum
13
2,075
1,766
2,298
Copper
13
1,982
1,526
2,278
Iron Ore
13
4,478
4,239
4,637
Coal
13
2,116
1,513
2,336
Group and unallocated
13
(24)
(529)
305
Total Underlying EBITDA (including third party products)
13
10,626
10,185
11,042
Depreciation and amortisation
13
(3,067)
(3,428)
(2,764)
Underlying EBIT (including third party products)
Petroleum
13
1,251
940
1,488
Copper
13
1,033
636
1,399
Iron Ore
13
3,591
3,396
3,859
Coal
13
1,780
1,215
1,988
Group and unallocated
13
(97)
(418)
211
Total Underlying EBIT (including third party products)
13
7,559
7,037
8,212
Net financing costs
13
(523)
(626)
(332)
Taxation (excluding exceptional items)
Total Taxation (excluding exceptional items)
13
(2,524)
(2,990)
(2,313)
Equity minority interests (excluding exceptional items)
13
(302)
(456)
284
Attributable profit (excluding exceptional items) from continuing operations
13
4,209
3,997
4,429
Attributable profit (excluding exceptional items) from discontinuing operations
13
(300)
(325)
(275)
Attributable profit (excluding exceptional items) from total operations
13
3,909
3,672
4,154
Closing number of shares (million)
13
5,068
5,056
5,191
Minimum 50% dividend payout ratio amount (US cents)
13
39
36
41
Additional dividend amount (US cents)
13
15
-
30
Special dividend (US cents)
13
102
102
102
Total dividend determined (US cents)
13
155
140
172
Net operating cash flow from continuing operations
12
7,112
5,859
8,475
Free cash flow from continuing operations
12
3,515
2,300
4,998
Net debt
12
9,743
8,086
11,042
Capital & Exploration expenditure Inputs (US$ m, continuing operations)
Capital expenditure (as per cash flow statement)
12
3,266
2,908
3,621
Total Exploration expenditure
12
397
260
454
Capital and exploration expenditure
12
3,664
3,174
4,018

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.