Bhp Billiton Z Score

BHP
 Stock
  

USD 54.93  0.83  1.49%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to Bhp Billiton Piotroski F Score and Bhp Billiton Valuation analysis.
  
Bhp Billiton Invested Capital is very stable at the moment as compared to the past year. Bhp Billiton reported last year Invested Capital of 88.29 Billion. As of 13th of August 2022, Invested Capital Average is likely to grow to about 99 B, while Capital Expenditure is likely to drop (6.8 B). Bhp Billiton Net Loss Income from Discontinued Operations is very stable at the moment as compared to the past year. Bhp Billiton reported last year Net Loss Income from Discontinued Operations of 202.5 Million. As of 13th of August 2022, Net Income to Non Controlling Interests is likely to grow to about 2.7 B, while Gross Profit is likely to drop about 47.1 B.

Bhp Billiton Z Score Analysis

Bhp Billiton's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2021 2022 (projected)
Interest Expense911 M1.22 B1.41 B1.33 B
Gross Profit42.93 B56.92 B51.23 B47.06 B
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Bhp Billiton Z Score

    
  4.2  
Most of Bhp Billiton's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bhp Billiton is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Bhp Billiton Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Bhp Billiton is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Bhp Billiton's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bhp Billiton's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bhp Billiton's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Bhp Billiton has a Z Score of 4.2. This is 67.33% higher than that of the Basic Materials sector and significantly higher than that of the Other Industrial Metals & Mining industry. The z score for all United States stocks is 51.83% higher than that of the company.

Bhp Billiton Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bhp Billiton's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bhp Billiton could also be used in its relative valuation, which is a method of valuing Bhp Billiton by comparing valuation metrics of similar companies.
Bhp Billiton is currently under evaluation in z score category among related companies.

Bhp Billiton Current Valuation Drivers

We derive many important indicators used in calculating different scores of Bhp Billiton from analyzing Bhp Billiton's financial statements. These drivers represent accounts that assess Bhp Billiton's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Bhp Billiton's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Average Assets114.5 B106.43 B103.3 B107.33 B96.6 B101.57 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA18.25 B20.73 B19.75 B28.23 B25.4 B22.11 B
Earnings Before Interest Taxes and Depreciation Amortization USD18.25 B20.73 B19.75 B28.23 B25.4 B22.11 B
Earnings before Tax10.71 B13.84 B12.73 B21.92 B19.73 B15.95 B
Average Equity56.42 B51.42 B47.55 B49.56 B44.61 B48.6 B
Enterprise Value150.94 B165.85 B139.35 B199.04 B179.13 B161.08 B
Free Cash Flow13.34 B11.41 B8.85 B21.72 B24.98 B26.95 B
Invested Capital109.39 B98.08 B104.6 B98.1 B88.29 B97.64 B
Invested Capital Average114.44 B103.74 B101.34 B101.35 B91.21 B98.96 B
Market Capitalization133.12 B154.68 B125.77 B184.18 B165.77 B145.74 B
Tangible Asset Value111.22 B100.19 B104.16 B107.49 B96.74 B100.39 B
Working Capital21.14 B11.03 B6.65 B10.29 B11.83 B10.23 B

Bhp Billiton Fundamentals

About Bhp Billiton Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Bhp Billiton's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bhp Billiton using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bhp Billiton based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. The company was founded in 1851 and is headquartered in Melbourne, Australia. Bhp Billiton operates under Other Industrial Metals Mining classification in the United States and is traded on New York Stock Exchange. It employs 40110 people.

Bhp Billiton Investors Sentiment

The influence of Bhp Billiton's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Bhp Billiton. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Bhp Billiton's public news can be used to forecast risks associated with investment in Bhp Billiton. The trend in average sentiment can be used to explain how an investor holding Bhp Billiton can time the market purely based on public headlines and social activities around Bhp Billiton. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Bhp Billiton's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Bhp Billiton's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Bhp Billiton's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Bhp Billiton.

Bhp Billiton Implied Volatility

    
  56.99  
Bhp Billiton's implied volatility exposes the market's sentiment of Bhp Billiton stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bhp Billiton's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bhp Billiton stock will not fluctuate a lot when Bhp Billiton's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bhp Billiton in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bhp Billiton's short interest history, or implied volatility extrapolated from Bhp Billiton options trading.

Pair Trading with Bhp Billiton

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bhp Billiton position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bhp Billiton will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bhp Billiton

0.82AMRAlpha Metallurgical Upward RallyPairCorr
The ability to find closely correlated positions to Bhp Billiton could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bhp Billiton when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bhp Billiton - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bhp Billiton to buy it.
The correlation of Bhp Billiton is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bhp Billiton moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bhp Billiton moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bhp Billiton can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Bhp Billiton Piotroski F Score and Bhp Billiton Valuation analysis. Note that the Bhp Billiton information on this page should be used as a complementary analysis to other Bhp Billiton's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Bhp Billiton price analysis, check to measure Bhp Billiton's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bhp Billiton is operating at the current time. Most of Bhp Billiton's value examination focuses on studying past and present price action to predict the probability of Bhp Billiton's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bhp Billiton's price. Additionally, you may evaluate how the addition of Bhp Billiton to your portfolios can decrease your overall portfolio volatility.
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Is Bhp Billiton's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bhp Billiton. If investors know Bhp Billiton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bhp Billiton listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.43
Market Capitalization
192.6 B
Quarterly Revenue Growth YOY
0.28
Return On Assets
0.2
Return On Equity
0.33
The market value of Bhp Billiton is measured differently than its book value, which is the value of Bhp Billiton that is recorded on the company's balance sheet. Investors also form their own opinion of Bhp Billiton's value that differs from its market value or its book value, called intrinsic value, which is Bhp Billiton's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bhp Billiton's market value can be influenced by many factors that don't directly affect Bhp Billiton's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bhp Billiton's value and its price as these two are different measures arrived at by different means. Investors typically determine Bhp Billiton value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bhp Billiton's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.