BHP Group Limited ADR (BHP) is slightly overvalued and Materion Corp (MTRN) is overvalued.
Both trade above our estimate of their intrinsic value. BHP is the closer of the two: -7%, against -344% for MTRN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $81.76; the price of $87.83 is 7% above that value, and 76% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $57.01; the price of $253.30 is 344% above that value, and 73% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | BHP | MTRN |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $87.83 | $253.30 |
| Intrinsic value | $81.76 | $57.01 |
| Margin of safety | -7% | -344% |
| Leak Score | 59/100 (3/12) | 27/100 (3/12) |
| Market cap | $223.2B | $5.3B |
| Revenue growth, 5 years | 0.7% | 8.7% |
| Operating margin | 39.1% | 6.2% |
| Net margin | 16.7% | 4.3% |
| Return on equity | 20.0% | 9.5% |
| Debt to equity | 0.53 | 0.51 |
| P/E | 22.7x | 59.0x |
| Forward P/E | 18.0x | 30.4x |
| P/B | 4.4x | 5.3x |
| Dividend yield | 3.4% | 0.2% |