03 February, 2026 (16:00:00 AEST) BHP (BHP: $A50.13) adds $A4 billion (1.4%) in MCap, top heavyweight rise in All Ordinaries Index; +71c [+1.4%] www.buysellsignals.com BHP Group Limited's (ASX: BHP $A50.13) stock price lifted 71.0c (1.4%) from its previous trading session to close at $A50.13. Compared with the All Ordinaries Index which rose 80.5 points (0.9%) in the day, the relative price increase was 0.6%. It posted the highest rise in MCap $A3.6 billion with the most influence on the All Ordinaries Index. Its MCap is $A254.4 billion. Today its volatility (highest price minus lowest price/lowest price) of 1.8% was 1.3 times its average daily volatility of 1.4%. Today the stock traded at its four-day high of $A50.59. The low for the day was $A49.70. There were 9,630,000 shares worth $A482.8 million traded today; the volume was 1.1 times the average daily trading volume of 8.8 million shares. Today's update from Commodities markets - Copper Copper (NYMEX:HG;$5.87 per pound) down 7.6% in 2 days Copper (NYMEX:HG), extended its slide Monday, shedding an additional 9.30c (or 1.6%) to close at $5.87 per pound.($12,941 per Ton). PV$1000 [10 Years] = US$2,852 Present Value of US$1,000 invested in Copper 10 years ago is now worth US$2,852; this corresponds to a TRS or CAGR of 11.1% per annum [Total Annualized Return of Copper.] 52-Week Price Range: $4.07 per pound - $6.39 per pound 52-Week Price Range: $8,972 per Ton - $14,081 per Ton BHP (BHP) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Tue, Feb 03 http://www.bhpbilliton.com/ Last $A50.13 52-Week Price Range $A33.25 - $A52.09 Ave Daily Volume 8,821,624 shares Currency 1.000 AUD = 0.696 USD Today's Volume [VI] 9,630,000 [1.1] Market Cap $A254 billion [US$177 billion] Exchange AUSTRALIAN [ASX] P/E 19.6 EPS (FY2025) $A1.78 EPS Growth (FY2025 vs FY2024) 14.1% Shares Outstanding 5,073,901,188 BHP in Indices All Ordinaries [of 387 stocks] Dividend Yield % (TTM) 1.57 DPS (past 12 months) $A1.9 or 188c Sector Materials [Rank by MCap 1 of 566 stocks] PV$1000 (1 yr) and TRS $A1,330; 33% US$1,490; 49% VI* Volume Index = Number of shares traded today/Average number of shares traded per day. A year ago the exchange rate was USD 1 = 1.61 AUD. USD1000 would have bought $A1,610. A year ago the BHP share price was $A38.46. $A1,610 would have bought 41.9 BHP shares on that day. Those 41.9 shares would be worth $A2,099 at today's share price of $A50.13. At today's exchange rate of USD1=1.44 AUD this is equivalent to USD1,460. Dividends reinvested are worth $A26 ($30). PV$1000= $1,490. Past quarter momentum up: BHP soars 16% on average volume 0.9 times average. Past month to High Low VWAP Volume Index * 03 Feb 2026 52.09 45.91 48.88 1.1 02 Jan 2026 46.03 41.81 44.67 0.9 03 Dec 2025 43.65 40.18 41.92 0.9 [*Volume Index of 1.1 means volume for the month was 1.1 times its 12-month average] [VWAP is defined as the Volume Weighted Average Price; High Low prices and VWAP are shown in AUD] APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER BHP: EXPORT DATA TO EXCEL: + PRICE VOLUME - 5-YEAR HISTORY + FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2025]: + PEER COMPARISON BHP: OTHER INFORMATION: + STOCK BUZZ + PRICE VOLUME CHARTS + USD vs AUD EXCHANGE RATE CHARTS IN HTML + COPPER COMMODITY PRICE CHARTS IN HTML + COPPER COMMODITY BUZZ IN HTML + BOARD OF DIRECTORS INDEX SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX SECTION 2 CORPORATE PROFILE SECTION 3 RECENT NEWS AND RESEARCH SECTION 4 THE PAST YEAR: PRESS RELEASES SECTION 5 COMMODITY BUZZ - COPPER SECTION 6 TODAY'S BULLISH SIGNALS SECTION 7 ONGOING BULLISH PARAMETERS SECTION 8 TODAY'S BEARISH SIGNALS SECTION 9 ONGOING BEARISH PARAMETERS Read more... ANNEXURE APPENDIX II STOCK IDENTIFIERS SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX Feb 03 Last price in AUD Annual Return of stock, % Return of All Ordinaries Index, % Net return Stock minus Index, % 2026 50.13 32.4 4.2 28.2 2025 38.46 -13.1 11.9 -25 2024 44.24 3 3 - 2023 42.95 19.2 1.6 17.6 2022 36.04 10.6 6.4 4.1 Annual return of the stock overperformed return of the Index in each of the past 3 years. SECTION 2 CORPORATE PROFILE 2.1 Activities BHP Group Limited is a leading global resources company headquartered in Australia, specializing in the exploration, development, production, and marketing of minerals, metals, and petroleum. Its core business activities encompass the extraction and processing of key commodities, including iron ore, copper, coal, nickel, and potash, with operations spanning multiple continents to meet global demand in sectors like manufacturing, energy, and infrastructure. Among its segments, copper has been the fastest-growing, fueled by rising demand from renewable energy technologies and electric vehicles, positioning BHP as a key player in the transition to a low-carbon economy. The company emphasizes operational excellence, innovation, and sustainable practices to optimize resource efficiency and deliver long-term value to shareholders and communities. It is Australia's largest Materials company by market capitalisation. SECTION 3 RECENT NEWS AND RESEARCH Stock Buzz Other Publishers Buzz in the past week Feb/Jan Headline Publisher Mon 02 Litchfield Minerals selected for elite BHP Xplor accelerator program The Australian Tue 27 Soaring gold and copper prices fuel ASX surge crowning BHP top company news.com.au Tue 27 BHP has returned to the top of the ASX. 4 charts say it doesn t matter Australian Financial Review Tue 27 BHP Overtakes CBA as ASX s Largest Company ShareCafe Tue 27 BHP takes back crown from CBA as most valuable company on the ASX The West Australian SECTION 4 THE PAST YEAR: PRESS RELEASES 4.1 The Past Year: Press Releases http://www.buysellsignals.com/bst/01599102101030226322 SECTION 5 COMMODITY BUZZ - COPPER 5.1 COMMODITY BUZZ - COPPER http://www.buysellsignals.com/bst/01699102101030226322 SECTION 6 TODAY'S BULLISH SIGNALS 6.1 Relative Value Indicators: Undervaluation compared with sector averages Price/Earnings of 19.6 < Materials sector (of 527 stocks) avg of 33.2: - The price-to-earnings ratio of 19.6 indicates undervaluation compared with sector average of 33.2 and market average of 26.7. Price/Earnings/Growth of 1.39 < Materials sector (of 527 stocks) avg of 4.2: - Price/Earnings/Growth of 1.39 (based on the year-on-year growth in trailing 12 months EPS of 14.1%) versus sector average of 4.2 and market average of 3.1. 6.2 Relative Value Indicators: Undervaluation compared with Index averages and bond yield - Earnings yield of 5.1% is more attractive compared with the Australian average earning yield of 3.7%. - The earnings yield of 5.1% is 1.1 times the 10-year bond yield of 4.8%. (All figures in %) Earnings Yield 5.1 Australian avg 3.7 Dividend Yield 1.6 Bond Yield 4.8 Sector P/E Fortune 500 Stock: 19.6; Sector: 23.4 undervalued Top40 Miners Stock: 19.6; Sector: 24.1 undervalued 6.3 PAST WEEK: MODERATE MOMENTUM UP BHP strengthens 0.8% on robust volume 1.5 times average. Compared with the All Ordinaries Index which fell 119.2 points (or 1.3%) in the week, the relative price increase was 2.0%. BHP (BHP) outperformed the All Ordinaries Index in 3 out of 5 days. The price ranged between a low of $A49.42 on Monday Feb 02 and a high of $A51.51 on Thursday Jan 29. Date BHP Close [AUD] Change % Comment Tue Feb 03 Adds $A4 billion (1.4%) in MCap, top heavyweight rise in All Ordinaries Index 50.13 1.4 Price/MAP50 above 1 and rising Mon Feb 02 Down 4.1% in 2 days 49.42 -2.3 Steepest Fall; VI*=1.4 Fri Jan 30 Loses $A5 billion (1.8%) in MCap, steepest heavyweight fall in All Ordinaries Index 50.57 -1.8 VI*=2 Thu Jan 29 Hits year-high 14th time in three months 51.51 1.8 Top Rise; VI*=1.7; RPC=1.9% Wed Jan 28 Hits year-high 13th time in three months 50.6 1.7 VI*=1.2; RPC=1.9% * RPC - Relative Price Change is % price change of stock less % change of the All Ordinaries Index. [Volume Index (VI); 1 is average] 6.4 Rank in the top 25% by Price Performance in the Australian market Description Value Rank Price/MAP50 1.09 In Top 23% 1-month Price Change % 10.2 In Top 25% 6.5 Uptrend Today's Volatility: The 4% discount to 12-month high of $A52.09 against the 51% premium to 12-month low of $A33.25 suggests the stock continues to push for new highs. Beta > 1 combined with price rise. The Beta of the stock is 1.1. Price/Moving Average Price of 1.2 and positive MACD: - The Price/MAP 200 for BHP is 1.2. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the All Ordinaries Index of 1.02, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A45.81 is higher than the 200-day MAP of $A41.66, a third bullish indicator. The 200-day MAP has increased to $A41.66, a fourth bullish indicator. - The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 49.42 minus the 26-day EMA of 48.17 is positive, suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal. - The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1, six times suggesting further upside. The 50-day EMAP has increased to $A46.62. An increase is another bullish indicator. Past Month: - Rises to Falls: In the past month the number of rises outnumbered falls 13:8 or 1.6:1. Past Quarter: In the last three months the stock has hit a new 52-week high fourteen times, pointing to a significant uptrend. The Best 3 weeks in the past quarter The past month witnessed the best 2 weeks in the past quarter. In the past quarter the week beginning Monday December 01 saw the highest weekly rise of 7.6% for a relative price increase of 7.5%. Mon-Fri Change % All Ordinaries Index Change % Vol Ind [1 is avg] Dec 01-05 7.6 0.1 1 Jan 26-30 4.4 -0.3 1.5 Jan 05-09 4.3 0.1 0.9 6.6 Other Bullish Signals - Return on Equity of 21.3% versus sector average of 8.3% and market average of 7.8%. - Total Liabilities/EBITDA of 2.8 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5. - Return on Assets of 10.2% versus sector average of 4.5% and market average of 1.6%. - Return on Capital Employed of 21.6% versus sector average of 11.9% and market average of 3.2%. - Interest cover defined by EBIT/I is 11.4 times. This indicates it is less leveraged. MCap/Total Assets: - Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.6. Compared with the rest of the market the stock is undervalued. - Over the last 3 years average annual compound growth rate of earnings per share was 10.8%. This is considered moderate. - Net profit margin has averaged 21.9% in the last 3 years. This is considered superior and suggests a high margin of safety. - As per the Du Pont analysis, Return on Equity is high at 21.3%. This is computed as net profit margin of 21.7% times asset turnover [sales/assets] of 0.47 times leverage factor [total assets/shareholders' equity] of 2.1.Also, this has improved from 19.5% last year. ROE (%) Profit Margin (%) Asset Turnover Leverage factor Current Year 21.3 21.7 0.47 2.1 Previous Year 19.5 17.2 0.54 2.1 SECTION 7 ONGOING BULLISH PARAMETERS 7.1 EPS growth [FY2025 vs FY2024] of 14.1%: FY EPS ($) Growth % 2025 1.78 14.1 2024 1.56 -38.9 7.2 Rank in the top 99% by Liquidity in the Australian market Description Value Rank Ave daily turnover $A350 million In top 99% 7.3 Rank in the top 1% by Size in the Australian market Description Value Rank Turnover $A482.8 million In Top 1% MCap $177 billion In Top 1% Annual Revenue $51.3 billion In Top 1% 7.4 Rank in the top 20% by Productivity in the Australian market Description Value Rank Return on Equity [ROE] % 21.3 In Top 12% Return on Capital Employed [ROCE] % 21.6 In Top 12% Return on Assets [ROA] % 10.2 In Top 20% 7.5 Present Value of AUD1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVAUD1000 > 1,155 PVAUD1,000 3 mo ago 1 yr ago 3 yrs ago BHP.ASX $A1,156 $A1,330 $A1,336 Materials sector $A1,345 $A1,490 $A1,307 All Ordinaries Index $A1,003 $A1,060 $A1,177 7.6 The Best Periods [3 Mo, 1 Yr] with Price Change % > 15.5 1-Year price change of 30.3% for BHP outperformed the change of 4.1% in the All Ordinaries Index for a relative price change of 26.3%. Price Change % Quarter Year BHP 15.6 30.3 Materials sector 34.1 46.1 All Ordinaries Index 0.9 4.1 7.7 MCap: 5-Year Increase of $A26 B (11%) In the past 5 years Market Capitalization has increased by $A25.7 billion (11%) from $A228.7 billion to $A254.4 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years. Price MCap (AUD B) MCap ($ B) Last $A50.13 254.4 177 1 Year ago $A38.46 199.1 123 2 Years ago $A44.24 241.2 158.4 3 Years ago $A42.95 247.5 174.9 4 Years ago $A36.04 231.4 164.5 5 Years ago $A32.60 228.7 175.1 7.8 Created Market Value [CMV] past 20 yrs of $A126 billion - Market Capitalization has increased by $A167.1 billion from $A87.2 billion to $A254.4 billion in the last 20 years. This increase comprises cumulative retained earnings (RETE) of $A41.1 billion and Created Market Value of $A126 billion. The Created Market Value multiple, defined by the change in MCap for every AUD1 of retained earnings is exemplary at $A4.06. 7.9 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 9.9% TSR % 1 yr 3 yrs 5 yrs BHP.ASX 33 10 17.5 7.10 P/E/G < 1 The price earnings ratio of 19.6 divided by trailing twelve months eps growth of 14.1% corresponds to an attractive P/E/G of 1.4 times; this is better than sector average of 3.1. EPS Growth (%) 14.12 P/E/G 1.39 P/E 19.62 7.11 Improved EBIT Margins: EBIT margin is positive and has increased from 32.8% to 39.3% in the past year. FY EBIT Margins (%) 2025 39.3 2024 32.8 2023 43.6 2022 52.5 2021 44.9 7.12 Safe Interest Cover and Improving Interest cover of 11.4 is above a safe benchmark figure of 3. Moreover, it has improved from 8.3 a year ago. Years Interest cover 2025 11.36 2024 8.3 2023 11.39 7.13 Low Debt to Equity (%) The debt to equity ratio of 47.3% is under a safe benchmark figure of 50%. However, it has deteriorated from 43.2% a year ago. Years Debt to Equity (%) Jun 2025 47.32 Jun 2024 43.22 Jun 2023 46.87 Jun 2022 34.87 Jun 2021 37.97 7.14 Increased Volume, up 6% in 5 years In the past five years, Average Daily Volume of Trading (ADVT) has increased 6.4% to 8.8 million shares. Avg. Daily Volume Traded 12 months ended Feb 03, million shares Year ADVT 2026 8.8 2025 7.8 2024 7.6 2023 10.4 2022 8.3 7.15 Increased VWAP, up 20% in 5 years In the past five years Volume Weighted Average Price (VWAP) has increased by 19.6% to $A40.91. Past five years, 12 months ended Feb 03 (AUD) Year High Price VWAP Low Price 2026 52.09 40.91 33.25 2025 45.31 40.8 36.48 2024 47.25 41.47 37.66 2023 44.36 37.02 29.59 2022 40.46 34.19 28.08 7.16 Increased share turnover, up 23% in 5 years In the past five years, average daily share turnover has increased 23.4% to $A353.9 million. This suggests increased liquidity. Past five years, 12 months ended Feb 03 (AUD million) Year Average Daily Turnover 2026 353.9 2025 323.3 2024 316.6 2023 388.4 2022 286.8 7.17 Satisfies two criteria of Benjamin Graham -""Total debt less than tangible book value""; total debt of USD24.7 billion is less than tangible book value of USD50.3 billion. -""Stability of growth in earnings over the last 5 years, defined as no more than two declines of 5% or greater in year-end earnings""; there have been 2 declines in earnings in the last 5 years. SECTION 8 TODAY'S BEARISH SIGNALS 8.1 Rank in the bottom 22% by Relative Valuation in the Australian market Description Value Rank Price/Earnings/Growth 1.39 In Bottom 22% Dividend Yield % 1.6% In Bottom 17% SECTION 9 ONGOING BEARISH PARAMETERS 9.1 Rank in the bottom 24% by Growth in the Australian market Description Value Rank EPS Growth % 14.1 In Bottom 24% 9.2 BHP sees dividend fall for a third consecutive year BHP reported dividends per share of 78.50c in the past year, down 64.2% from the previous year. This is