Bhp Billiton (BLT)

Share Price · 17/05/13

1928.5p

Day's Change

17.0 0.9%

Market Cap £102.67bn

Enterprise Value £123.40bn

Market Cap Rank 8th

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MOMENTUM

Relative Strength (%)
1m	-3.1%
3m	-21.8%
1yr	-15.1%

Volume Change (%)
10d vs 3m

Price vs... (%)
52w High	-14.3%
50d MA	-1.08%
200d MA	-3.16%

vs.
market vs.
industry GROWTH & VALUE

12m Forecast Rolling
PE Ratio (f)	10.1		Bhp Billiton's P/E Rolling 1y is ranked 41st out of 67 Companies in the Metals & Mining Industry. ( Industry Median: 7.44 vs. BLT: 10.1 ) Rankings Guide	Bhp Billiton's P/E Rolling 1y is ranked 274th out of 964 Companies in the Market. ( Market Median: 13.1 vs. BLT: 10.1 ) Rankings Guide
PEG Ratio (f)	1.19		Bhp Billiton's PEG Rolling is ranked 27th out of 33 Companies in the Metals & Mining Industry. ( Industry Median: 0.25 vs. BLT: 1.19 ) Rankings Guide	Bhp Billiton's PEG Rolling is ranked 422nd out of 661 Companies in the Market. ( Market Median: 0.90 vs. BLT: 1.19 ) Rankings Guide
EPS Growth (f)	9.28	%	Bhp Billiton's EPS Gwth % Rolling 1y is ranked 28th out of 48 Companies in the Metals & Mining Industry. ( Industry Median: 18.8 vs. BLT: 9.28 ) Rankings Guide	Bhp Billiton's EPS Gwth % Rolling 1y is ranked 508th out of 818 Companies in the Market. ( Market Median: 13.4 vs. BLT: 9.28 ) Rankings Guide
Dividend Yield (f)	4.27	%	Bhp Billiton's Yield % Rolling 1y is ranked 8th out of 183 Companies in the Metals & Mining Industry. ( Industry Median: 0.000 vs. BLT: 4.27 ) Rankings Guide	Bhp Billiton's Yield % Rolling 1y is ranked 166th out of 1725 Companies in the Market. ( Market Median: 0.000 vs. BLT: 4.27 ) Rankings Guide

Valuation (ttm)
Price to Book Value	2.33		Bhp Billiton's P/B is ranked 149th out of 174 Companies in the Metals & Mining Industry. ( Industry Median: 0.81 vs. BLT: 2.33 ) Rankings Guide	Bhp Billiton's P/B is ranked 1101st out of 1615 Companies in the Market. ( Market Median: 1.38 vs. BLT: 2.33 ) Rankings Guide
Price to Tang. Book	2.52		Bhp Billiton's P/TB is ranked 120th out of 162 Companies in the Metals & Mining Industry. ( Industry Median: 1.30 vs. BLT: 2.52 ) Rankings Guide	Bhp Billiton's P/TB is ranked 777th out of 1367 Companies in the Market. ( Market Median: 1.97 vs. BLT: 2.52 ) Rankings Guide
Price to Free Cashflow	n/a		Bhp Billiton's P/FCF is n/a ( Industry Median: 14.3 vs. BLT: ) Rankings Guide	Bhp Billiton's P/FCF is n/a ( Market Median: 17.6 vs. BLT: ) Rankings Guide
Price to Sales	2.33		Bhp Billiton's P/S is ranked 59th out of 99 Companies in the Metals & Mining Industry. ( Industry Median: 1.70 vs. BLT: 2.33 ) Rankings Guide	Bhp Billiton's P/S is ranked 936th out of 1509 Companies in the Market. ( Market Median: 1.52 vs. BLT: 2.33 ) Rankings Guide
EV to EBITDA	8.58		Bhp Billiton's EV/ EBITDA is ranked 42nd out of 63 Companies in the Metals & Mining Industry. ( Industry Median: 5.54 vs. BLT: 8.58 ) Rankings Guide	Bhp Billiton's EV/ EBITDA is ranked 456th out of 1080 Companies in the Market. ( Market Median: 9.83 vs. BLT: 8.58 ) Rankings Guide

IMPLIED MARGIN OF SAFETY (beta)

◀ ▶ SCREENS PASSED 1

BLT qualifies for James O'Shaugnessy's Cornerstone Va… (in Value Investing).

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vs.
market vs.
industry QUALITY

Return on Capital	13.0	%	Bhp Billiton's ROCE % is ranked 27th out of 175 Companies in the Metals & Mining Industry. ( Industry Median: -7.28 vs. BLT: 13.0 ) Rankings Guide	Bhp Billiton's ROCE % is ranked 383rd out of 1655 Companies in the Market. ( Market Median: 3.01 vs. BLT: 13.0 ) Rankings Guide
Return on Equity	14.7	%	Bhp Billiton's ROE % is ranked 23rd out of 174 Companies in the Metals & Mining Industry. ( Industry Median: -7.46 vs. BLT: 14.7 ) Rankings Guide	Bhp Billiton's ROE % is ranked 372nd out of 1621 Companies in the Market. ( Market Median: 2.97 vs. BLT: 14.7 ) Rankings Guide
Operating Margin	22.3	%	Bhp Billiton's Op Mgn % is ranked 26th out of 100 Companies in the Metals & Mining Industry. ( Industry Median: 0.46 vs. BLT: 22.3 ) Rankings Guide	Bhp Billiton's Op Mgn % is ranked 257th out of 1524 Companies in the Market. ( Market Median: 4.93 vs. BLT: 22.3 ) Rankings Guide

Balance Sheet · Income Statement · Cashflow FINANCIAL SUMMARY

Year End 30th Jun		2007	2008	2009	2010	2011	2012	TTM	2013E	2014E	CAGR / Avg
Revenue	$m	47,473	59,473	50,211	52,798	71,739	72,226	66,950	67,688	73,096	+8.8%
Operating Profit	$m	19,724	24,145	12,160	20,031	31,816	23,752	14,904			+3.8%
Net Profit	$m	13,416	15,390	5,877	12,722	23,648	15,417	9,610	12,981	16,147	+2.8%
EPS Reported	$	2.29	2.76	1.05	2.28	4.27	2.88	1.80			+4.7%
EPS Normalised	$	2.32	2.78	2.56	2.16	3.93	3.83	2.40	2.50	2.96	+10.6%
EPS Growth	%	+37.8	+19.6	-7.7	-15.6	+81.7	-2.4	-38.4	-34.7	+18.3
PE Ratio	x						7.63	12.2	11.7	9.88
PEG	x						n/a	n/a	0.64	1.35
Profitability
Operating Margin	%	41.5	40.6	24.2	37.9	44.3	32.9	22.3			+36.9%
ROA	%		22.4	7.6	15.2	24.7	13.3	7.46
ROCE	%	39.4	40.6	18.2	26.4	38.2	22.1	13.0			+30.8%
ROE	%		45.3	15.0	28.8	44.9	25.1	14.7			+31.8%
Cashflow
Op. Cashflow ps	$	2.72	3.19	3.19	3.02	5.43	4.56	3.46			+10.9%
Capex ps	$	1.36	1.60	1.94	1.92	2.27	3.94	4.56			+23.8%
Free Cashflow ps	$	1.36	1.59	1.25	1.10	3.16	0.63	-1.10			-14.5%
Last ex-div: 6th Mar, paid: 28th Mar more... Dividends
Dividend ps	$	0.47	0.70	0.82	0.87	1.01	1.12	1.14	1.17	1.26	+19.0%
Dividend Growth	%	+30.6	+48.9	+17.1	+6.10	+16.1	+10.9	+3.64	+4.86	+7.23
Dividend Yield	%						3.83	3.90	4.01	4.30
Dividend Cover	x	4.87	3.94	1.29	2.62	4.23	2.57	1.58	2.13	2.35
Balance Sheet
Cash etc	$m	3,508	6,291	11,596	12,748	10,348	5,063	5,269			+7.6%
Working Capital	$m	2,449	5,202	10,636	12,092	5,542	-1,583	2,488
Net Fixed Assets	$m	46,935	53,703	55,623	63,031	76,184	103,710	107,120			+17.2%
Net Debt	$m	8,137	6,404	4,823	3,016	5,559	23,267	30,216			+23.4%
Book Value	$m	29,667	38,335	39,954	48,525	56,762	65,870	66,934			+17.3%
Average Shares	m	5,866	5,590	5,598	5,595	5,540	5,346	5,342			-1.8%
Book Value ps	$	5.24	6.89	7.18	8.72	10.7	12.4	12.6			+18.7%

FINANCIAL BRIEF: For the six months ended 31 December 2012, BHP Billiton plc revenues decreased 14% to $32.2B. Net income decreased 58% to $4.24B. Revenues reflect Iron Ore segment decrease of 25% to $9.17B, Metallurgical Coal segment decrease of 36% to $2.82B. Net income also reflects Net Operating Costs increase of 24% to $27.31B (expense), Fair value change on hedging derivatives decrease from $184M (income) to $87M (expense). more »

5 Piotroski F-Score

HEALTH TREND

4.91 Altman Z2-Score

BANKRUPTCY RISK

EARNINGS MANIPULATION RISK

1113 72% B+

MAGIC FORMULA SCORE

B+

OTHER RATIOS

Leverage (ttm)		Total	Ex Intang
Gross Gearing	%	53.0	57.5
Net Gearing	%	45.1	49.0
Cash / Assets	%	3.94

Liquidity (ttm)
Current Ratio	1.13
Quick Ratio	0.79
Interest Cover	57.5

Efficiency (ttm)
Asset Turnover	0.51
Rec's Turnover	8.49
Stock Turnover	n/a

vs.
market vs.
industry RECENT HISTORY

Latest interim period (ended 31st Dec '12) vs. prior year
Sales Growth	-14.1	%	Bhp Billiton's Sales Gwth % Q on PYQ is ranked 55th out of 88 Companies in the Metals & Mining Industry. ( Industry Median: -1.09 vs. BLT: -14.1 ) Rankings Guide	Bhp Billiton's Sales Gwth % Q on PYQ is ranked 1168th out of 1425 Companies in the Market. ( Market Median: 3.84 vs. BLT: -14.1 ) Rankings Guide
EPS Growth	-42.7	%	Bhp Billiton's EPS Gwth % Q on PYQ is ranked 28th out of 43 Companies in the Metals & Mining Industry. ( Industry Median: -21.9 vs. BLT: -42.7 ) Rankings Guide	Bhp Billiton's EPS Gwth % Q on PYQ is ranked 703rd out of 825 Companies in the Market. ( Market Median: 7.53 vs. BLT: -42.7 ) Rankings Guide
3yr Average Annualised
Sales Growth	12.9	%	Bhp Billiton's Sales 3y CAGR % is ranked 55th out of 91 Companies in the Metals & Mining Industry. ( Industry Median: 16.1 vs. BLT: 12.9 ) Rankings Guide	Bhp Billiton's Sales 3y CAGR % is ranked 509th out of 1447 Companies in the Market. ( Market Median: 6.31 vs. BLT: 12.9 ) Rankings Guide
EPS Growth	14.4	%	Bhp Billiton's EPS 3y CAGR % is ranked 16th out of 32 Companies in the Metals & Mining Industry. ( Industry Median: 14.8 vs. BLT: 14.4 ) Rankings Guide	Bhp Billiton's EPS 3y CAGR % is ranked 303rd out of 770 Companies in the Market. ( Market Median: 8.64 vs. BLT: 14.4 ) Rankings Guide
DPS Growth	11.0	%	Bhp Billiton's DPS 3y CAGR is ranked 13th out of 24 Companies in the Metals & Mining Industry. ( Industry Median: 14.2 vs. BLT: 11.0 ) Rankings Guide	Bhp Billiton's DPS 3y CAGR is ranked 239th out of 672 Companies in the Market. ( Market Median: 6.72 vs. BLT: 11.0 ) Rankings Guide

GRAPHICAL HISTORY Current Fiscal Year 2013

BROKER FORECASTS

30th Jun 2013

30th Jun 2014

Price Target: $33.8 (+15.61% above Price)	Net Profit	EPS	DPS	Net Profit	EPS	DPS
Est. Long Term Growth Rate: +1.8%	($)	($)	($)	($)	($)	($)
Consensus Estimate	12.98bn	2.50	1.17	16.15bn	2.96	1.26
1m Change	-439.3m	-0.067	-0.005	-514.1m	-0.14	-0.005
3m Change	-1.18bn	-0.12	+0.005	-501.2m	-0.20	+0.002

26 brokers

BROKER CONSENSUS & FORECAST TREND

Broker Recommendations for Bhp Billiton

Recommendation:	Strong Sell	Sell	Hold	Buy	Strong Buy
No. of Analysts:	0	2	9	9	6

Named Brokers and Analysts

Jefferies & Company, Inc. , Credit Suisse Paul McTaggart , Sanford Bernstein Paul Gait , Investec Bank (UK) Plc , Canaccord Genuity Peter Mallin-Jones , ING FM , Nomura Securities Sam Catalano , Santander GBM , Rencap Securities (Pty) Ltd. Rene Kleyweg , Natixis Raoudha Bouzekri , Macquarie Research Jeff Largey , Societe Generale Abhi Shukla , Evolution Securities (Hist) , Oddo Securities , Charles Stanley Tom Gidley-Kitchin , Espirito Santo Investment Bank Nick Mellor , Morningstar, Inc. Mark Taylor , Day by Day Valerie Gastaldy , Imara S.P. Reid Pty Ltd Steve Meintjes , Liberum Capital Richard Knights , Standard Chartered Bank Subu Varada , Alphavalue Sachin Kumar ,

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PROFILE INFORMATION

BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (CSGs). The Company operates in nine segments: Petroleum, Aluminium, Base Metals, Diamonds and Specialty Products, Stainless Steel Materials, Iron Ore, Manganese, Metallurgical Coal and Energy Coal. As of June 30, 2012, the Company was working in more than 100 locations worldwide. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company total petroleum production was 222.3 millions of barrels of oil equivalent. During fiscal 2012, its aluminium had a total production in 1.2 million tones (Mt) of aluminium. In August 2011, the Company acquired Petrohawk Energy Corporation. On September 30, 2011, it acquired HWE Mining Subsidiaries from Leighton Holdings. On September 7, 2012, the Company announced the sale of its 37.8 % non-operated interest in Richards Bay Minerals.

Directors: Marius Kloppers (CEO) 50, Graham Kerr (CFO) 41, Peter Beaven (Corp. Exec.) , Alberto Calderon (Corp. Exec.) 52, Tim Cutt (Corp. Exec.) , Andrew Mackenzie (Corp. Exec.) 56, Daniel Malchuk (Corp. Exec.) , Marcus Randolph (Corp. Exec.) 56, Dalla Valle (Corp. Exec.) , Jimmy Wilson (Corp. Exec.) ,

No. of Employees: 46,370 No. of Shareholders: 620,639

Last Annual	June 30th, 2012
Last Interim	December 31st, 2012
Shares in Issue	5,323,570,781
Free Float	5.31bn (99.8%)

Sector	Basic Materials
Industry	Metals & Mining
Index	E300 NOEQ INST IDX, FTSE Eurofirst 100 , FTSEUROFIRST 300 , E300 ex EURO COR, FTSE 350 Act , FTSE Lower Yield , FTSE Global 100, FT350 Mining , FTSE 100 , FTSE 100 Eod Gbp ,
Exchange	London Stock Exchange (Full)
Eligible for	an ISA? a SIPP?

Address	Neathouse Place, LONDON, SW1V 1BH, United Kingdom
Web	http://www.bhpbilliton.com/home/Pages/default.aspx
Phone	+44 20 78024000
Contact	Andre Liebenberg (Investor Relations)
Registrar	Computershare Investor Services PLC (Bristol)
Auditors	KPMG Audit PLC

BLT SHARE PRICE PERFORMANCE BLT QUOTE

BLT Share Price GBp

1928.5p

Day's Change

17.0 0.9%

Traded 4:44pm · Minimum 15 min delayed

Volume 5,883,486	Bid - Ask 1,928.0 - 1,928.5	Day's Range 1,906.3 - 1,948.0	Spread 3bps
Avg Vol (3m) 6,343,608	Open - Close 1,916.5 - 1,911.5	12m Range 1,622.2 - 2,653.5	Beta 1.42

LATEST BLT NEWS ANNOUNCEMENTS (delayed)

10th May	Notice of Change of Interests - A Calderon
10th May	Notice of Change of Interests - M Henry
10th May	Notice of Change of Interests - G Kerr
10th May	Notice of Change of Interests - M Randolph
10th May	Notice of Change of Interests - K Wood
10th May	Notice of Change of Interests - M Yeager