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BHP

BHP Group ASX:BHP Stock Report

Last Price

AU$38.52

Market Cap

AU$195.1b

7D

0.9%

1Y

4.5%

Updated

02 Oct, 2022

Data

Company Financials +
BHP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance6/6
Financial Health5/6
Dividends5/6

BHP Stock Overview

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally.

BHP Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BHP Group
Historical stock prices
Current Share PriceAU$38.52
52 Week HighAU$53.72
52 Week LowAU$35.56
Beta0.73
1 Month Change4.85%
3 Month Change-3.46%
1 Year Change4.53%
3 Year Change9.12%
5 Year Change44.76%
Change since IPO840.89%

Recent News & Updates

Oct 02
We Think BHP Group (ASX:BHP) Can Manage Its Debt With Ease

We Think BHP Group (ASX:BHP) Can Manage Its Debt With Ease

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 20
Under The Bonnet, BHP Group's (ASX:BHP) Returns Look Impressive

Under The Bonnet, BHP Group's (ASX:BHP) Returns Look Impressive

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

BHPAU Metals and MiningAU Market
7D0.9%-1.2%-1.7%
1Y4.5%4.0%-10.8%

Return vs Industry: BHP matched the Australian Metals and Mining industry which returned 4% over the past year.

Return vs Market: BHP exceeded the Australian Market which returned -10.8% over the past year.

Price Volatility

Is BHP's price volatile compared to industry and market?
BHP volatility
BHP Average Weekly Movement5.1%
Metals and Mining Industry Average Movement11.3%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: BHP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BHP's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185145,295Mike Henryhttps://www.bhp.com

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

BHP Group Fundamentals Summary

How do BHP Group's earnings and revenue compare to its market cap?
BHP fundamental statistics
Market CapAU$195.08b
Earnings (TTM)AU$31.42b
Revenue (TTM)AU$101.53b

6.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BHP income statement (TTM)
RevenueUS$65.41b
Cost of RevenueUS$9.34b
Gross ProfitUS$56.07b
Other ExpensesUS$35.83b
EarningsUS$20.25b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 18, 2022

Earnings per share (EPS)4.00
Gross Margin85.72%
Net Profit Margin30.95%
Debt/Equity Ratio32.1%

How did BHP perform over the long term?

See historical performance and comparison

Dividends

13.1%

Current Dividend Yield

81%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BHP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BHP?

Other financial metrics that can be useful for relative valuation.

BHP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA3.5x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does BHP's PE Ratio compare to its peers?

BHP PE Ratio vs Peers
The above table shows the PE ratio for BHP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.9x
VALE3 Vale
3.3x-20.3%R$330.8b
FMG Fortescue Metals Group
5.4x-26.9%AU$51.7b
RIO Rio Tinto Group
5x-15.8%AU$81.2b
CLF Cleveland-Cliffs
2x-37.2%US$7.0b
BHP BHP Group
6.2x-15.4%AU$195.1b

Price-To-Earnings vs Peers: BHP is expensive based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (3.9x).


Price to Earnings Ratio vs Industry

How does BHP's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Earnings vs Industry: BHP is good value based on its Price-To-Earnings Ratio (6.2x) compared to the Australian Metals and Mining industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is BHP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BHP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: BHP is good value based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).


Share Price vs Fair Value

What is the Fair Price of BHP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BHP (A$38.52) is trading below our estimate of fair value (A$41.33)

Significantly Below Fair Value: BHP is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is BHP Group forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-15.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BHP's earnings are forecast to decline over the next 3 years (-15.4% per year).

Earnings vs Market: BHP's earnings are forecast to decline over the next 3 years (-15.4% per year).

High Growth Earnings: BHP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BHP's revenue is expected to decline over the next 3 years (-8.3% per year).

High Growth Revenue: BHP's revenue is forecast to decline over the next 3 years (-8.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BHP's Return on Equity is forecast to be high in 3 years time (23.6%)


Discover growth companies

Past Performance

How has BHP Group performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BHP has high quality earnings.

Growing Profit Margin: BHP's current net profit margins (31%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: BHP's earnings have grown significantly by 22.6% per year over the past 5 years.

Accelerating Growth: BHP's earnings growth over the past year (75.6%) exceeds its 5-year average (22.6% per year).

Earnings vs Industry: BHP earnings growth over the past year (75.6%) exceeded the Metals and Mining industry 22.7%.


Return on Equity

High ROE: BHP's Return on Equity (45.9%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is BHP Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BHP's short term assets ($28.7B) exceed its short term liabilities ($16.9B).

Long Term Liabilities: BHP's short term assets ($28.7B) do not cover its long term liabilities ($29.5B).


Debt to Equity History and Analysis

Debt Level: BHP has more cash than its total debt.

Reducing Debt: BHP's debt to equity ratio has reduced from 49.2% to 32.1% over the past 5 years.

Debt Coverage: BHP's debt is well covered by operating cash flow (205.2%).

Interest Coverage: BHP's interest payments on its debt are well covered by EBIT (188.2x coverage).


Balance Sheet


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Dividend

What is BHP Group current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


13.10%

Current Dividend Yield

Dividend Yield vs Market

BHP Group Dividend Yield vs Market
How does BHP Group dividend yield compare to the market?
SegmentDividend Yield
Company (BHP Group)13.1%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.1%
Industry Average (Metals and Mining)10.3%
Analyst forecast in 3 Years (BHP Group)7.4%

Notable Dividend: BHP's dividend (13.1%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).

High Dividend: BHP's dividend (13.1%) is in the top 25% of dividend payers in the Australian market (7.16%)


Stability and Growth of Payments

Stable Dividend: BHP's dividend payments have been volatile in the past 10 years.

Growing Dividend: BHP's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (81.2%), BHP's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (63.2%), BHP's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Mike Henry (56 yo)

2.75yrs

Tenure

US$7,531,000

Compensation

Mr. Mike P. Henry, BSc (Chem), has been the Chief Executive Officer and Executive Director of BHP Group since January 01, 2020 and served as its President of Operations for Minerals Australia(formerly know...


CEO Compensation Analysis

Mike Henry's Compensation vs BHP Group Earnings
How has Mike Henry's remuneration changed compared to BHP Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022US$8mUS$2m

US$20b

Mar 31 2022n/an/a

US$18b

Dec 31 2021n/an/a

US$16b

Sep 30 2021n/an/a

US$14b

Jun 30 2021US$7mUS$2m

US$12b

Mar 31 2021n/an/a

US$9b

Dec 31 2020n/an/a

US$7b

Sep 30 2020n/an/a

US$8b

Jun 30 2020US$6mUS$1m

US$8b

Mar 31 2020n/an/a

US$9b

Dec 31 2019n/an/a

US$9b

Sep 30 2019n/an/a

US$9b

Jun 30 2019US$5mUS$1m

US$9b

Mar 31 2019n/an/a

US$9b

Dec 31 2018n/an/a

US$9b

Sep 30 2018n/an/a

US$8b

Jun 30 2018US$5mUS$1m

US$7b

Mar 31 2018n/an/a

US$6b

Dec 31 2017n/an/a

US$5b

Sep 30 2017n/an/a

US$6b

Jun 30 2017US$4mUS$1m

US$6b

Mar 31 2017n/an/a

US$4b

Dec 31 2016n/an/a

US$2b

Sep 30 2016n/an/a

-US$2b

Jun 30 2016US$4mUS$1m

-US$490m

Compensation vs Market: Mike's total compensation ($USD7.53M) is above average for companies of similar size in the Australian market ($USD3.85M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BHP's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: BHP's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BHP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:BHP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
07 Sep 22BuyAU$0The Vanguard Group, Inc.Company11,428,819AU$48.19
02 Sep 22SellAU$39,444The Vanguard Group, Inc.Company3,411,246AU$46.59
19 Aug 22BuyAU$6,567,894State Street Global Advisors, Inc.Company157,958AU$41.58
18 Aug 22BuyAU$1,342,357State Street Global Advisors, Inc.Company1,196,833AU$41.15
17 Aug 22BuyAU$249,773Ken MacKenzieIndividual6,095AU$40.98
16 Aug 22SellAU$6,651,876State Street Global Advisors, Inc.Company404,179AU$40.14
20 Jul 22BuyAU$271,307,127State Street Global Advisors, Inc.Company5,170,952AU$52.50
13 May 22BuyAU$34,974Michelle HinchliffeIndividual769AU$45.48
07 Feb 22BuyAU$12,121,968JPMorgan Chase & Co, Private Banking and Investment Banking InvestmentsCompany256,214AU$47.75
07 Feb 22BuyAU$29,956,645JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany636,989AU$47.81
07 Feb 22SellAU$124,147JPMorgan Chase & Co, Private Banking and Investment Banking InvestmentsCompany2,623AU$47.33
07 Feb 22SellAU$30,106,089JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany1,916,240AU$47.74
04 Feb 22BuyAU$586,510J.P. Morgan Asset Management, Inc.Company12,629AU$46.80
04 Feb 22BuyAU$463,488JPMorgan Chase & Co, Private Banking and Investment Banking InvestmentsCompany9,963AU$46.62
04 Feb 22BuyAU$1,036,764,797JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany22,259,026AU$46.81
04 Feb 22SellAU$1,384,711JPMorgan Chase & Co, Private Banking and Investment Banking InvestmentsCompany29,831AU$46.62
04 Feb 22SellAU$946,748,278JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany20,494,150AU$46.81
01 Feb 22BuyAU$413,212,225Goldman Sachs Group, Investment Banking and Securities InvestmentsCompany8,809,116AU$46.91
31 Jan 22BuyAU$28,227Mitsubishi UFJ Trust and Banking Corporation, Asset Management ArmCompany609AU$46.35
31 Jan 22BuyAU$174,368,770Morgan Stanley, Investment Banking and Brokerage InvestmentsCompany30,769,892AU$45.31
31 Jan 22BuyAU$86,094,981First Sentier Investors (Australia) IM LtdCompany1,871,133AU$46.01
31 Jan 22SellAU$175,772,966Morgan Stanley, Investment Banking and Brokerage InvestmentsCompany3,844,725AU$45.72
31 Jan 22SellAU$5,050,112First Sentier Investors (Australia) IM LtdCompany118,499AU$42.62
28 Jan 22BuyAU$379,298,630First Sentier Investors (Australia) IM LtdCompany8,193,212AU$46.29
28 Jan 22BuyAU$1,633,087,562Morgan Stanley, Investment Banking and Brokerage InvestmentsCompany35,971,130AU$46.25
28 Jan 22SellAU$421,321,625Goldman Sachs Group, Investment Banking and Securities InvestmentsCompany8,829,116AU$47.72
28 Jan 22SellAU$4,935,821First Sentier Investors (Australia) IM LtdCompany115,535AU$42.72
28 Jan 22SellAU$329,413Mitsubishi UFJ Trust and Banking Corporation, Asset Management ArmCompany7,099AU$46.40
28 Jan 22SellAU$771,534,473Morgan Stanley, Investment Banking and Brokerage InvestmentsCompany16,837,043AU$46.72
27 Jan 22BuyAU$1,503,662J.P. Morgan Asset Management, Inc.Company33,258AU$45.67
27 Jan 22BuyAU$44,430,719JPMorgan Chase & Co, Private Banking and Investment Banking InvestmentsCompany977,713AU$45.67
27 Jan 22BuyAU$238,798,770JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany5,252,481AU$46.26
27 Jan 22SellAU$17,832J.P. Morgan Asset Management, Inc.Company392AU$45.49
27 Jan 22SellAU$122,347,418JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,695,620AU$46.22
25 Jan 22SellAU$271,261Goldman Sachs Asset Management, L.P.Company6,024AU$45.03
24 Jan 22BuyAU$122,999,850JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,691,941AU$92.60
24 Jan 22BuyAU$16,922,869JPMorgan Chase & Co, Private Banking and Investment Banking InvestmentsCompany370,566AU$45.70
24 Jan 22BuyAU$471,792J.P. Morgan Asset Management, Inc.Company10,096AU$51.36
24 Jan 22SellAU$104,950,059JPMorgan Chase & Co, Brokerage and Securities InvestmentsCompany2,255,310AU$93.18
21 Jan 22BuyAU$16,579,043Goldman Sachs Group, Investment Banking and Securities InvestmentsCompany431,635AU$38.41
21 Jan 22BuyAU$3,389,792,976First Sentier Investors (Australia) IM LtdCompany84,385,201AU$44.47
20 Jan 22BuyAU$5,941,111Mitsubishi UFJ Kokusai Asset Management Co., Ltd.Company151,825AU$39.13
19 Jan 22BuyAU$17,405,433Mitsubishi UFJ Trust and Banking Corporation, Asset Management ArmCompany431,193AU$40.37
05 Nov 21BuyAU$1,655,028,933The Vanguard Group, Inc.Company30,575,077AU$54.13
02 Nov 21SellAU$1,259,620,755The Vanguard Group, Inc.Company23,386,966AU$53.86

Ownership Breakdown

What is the ownership structure of BHP?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,255,4130.02%
State or Government215,543,0624.3%
Institutions2,333,432,46246.1%
General Public2,514,235,23349.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 43.13% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.11%
BlackRock, Inc.
359,890,641$13.9b1.69%0.22%
5.09%
State Street Global Advisors, Inc.
257,786,717$9.9b652.63%0.35%
5%
The Vanguard Group, Inc.
253,318,530$9.8b78.41%0.15%
4.26%
South Africa
215,543,062$8.3b0%no data
3.05%
Goldman Sachs Group, Investment Banking and Securities Investments
154,252,187$5.9b-1.34%2.48%
2.89%
Morgan Stanley, Investment Banking and Brokerage Investments
146,197,280$5.6b0.37%0.72%
2.82%
JPMorgan Chase & Co, Brokerage and Securities Investments
142,565,143$5.5b0.43%3.54%
2.45%
Norges Bank Investment Management
123,961,625$4.8b0%0.42%
1.19%
First Sentier Investors (Australia) IM Ltd
60,517,111$2.3b0%3.45%
1.18%
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
59,552,509$2.3b0%0.6%
0.83%
Colonial First State Investments Limited
41,973,139$1.6b0%12.99%
0.78%
Capital Research and Management Company
39,655,663$1.5b-0.01%0.07%
0.78%
J.P. Morgan Asset Management, Inc.
39,654,316$1.5b0.03%0.18%
0.76%
Fisher Asset Management, LLC
38,530,523$1.5b13.95%0.7%
0.65%
Commonwealth Superannuation Corporation
32,952,696$1.3b0%15.43%
0.65%
Geode Capital Management, LLC
32,873,463$1.3b0.98%0.11%
0.61%
T. Rowe Price Group, Inc.
30,831,302$1.2b-0.65%0.09%
0.6%
Harding Loevner LP
30,185,261$1.2b-2.63%2.23%
0.51%
Deutsche Asset & Wealth Management
26,011,777$1.0b-0.09%0.28%
0.35%
FMR LLC
17,598,979$677.9m2.25%0.04%
0.35%
Goldman Sachs Asset Management, L.P.
17,572,605$676.9m-1.75%0.19%
0.34%
Northern Trust Global Investments
17,108,070$659.0m-5.67%0.09%
0.32%
Dimensional Fund Advisors LP
16,177,355$623.2m0.77%0.1%
0.31%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
15,622,625$601.8m0%0.13%
0.28%
Charles Schwab Investment Management, Inc.
14,108,591$543.5m1.57%0.09%

Company Information

BHP Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BHP Group Limited
  • Ticker: BHP
  • Exchange: ASX
  • Founded: 1851
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$195.083b
  • Shares outstanding: 5.06b
  • Website: https://www.bhp.com

Number of Employees


Location

  • BHP Group Limited
  • 171 Collins Street
  • Level 18
  • Melbourne
  • Victoria
  • 3000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BHPNYSE (New York Stock Exchange)ADR EACH REP 2 ORD NPV(MGT) SPONUSUSDDec 1972
BHP NBMV (Bolsa Mexicana de Valores)ADR EACH REP 2 ORD NPV(MGT) SPONMXMXNDec 1972
BHPDB (Deutsche Boerse AG)ADR EACH REP 2 ORD NPV(MGT) SPONDEEURDec 1972
0HN3LSE (London Stock Exchange)ADR EACH REP 2 ORD NPV(MGT) SPONGBUSDDec 1972
BHPL.FOTCPK (Pink Sheets LLC)YesLTD Ordinary SharesUSUSDJan 1975
BHPLSE (London Stock Exchange)YesLTD Ordinary SharesGBGBPJan 1975
BHPASX (Australian Securities Exchange)YesLTD Ordinary SharesAUAUDJan 1975
BHP1DB (Deutsche Boerse AG)YesLTD Ordinary SharesDEEURJan 1975
BHPSWX (SIX Swiss Exchange)YesLTD Ordinary SharesCHCHFJan 1975
BHPCHIA (Chi-X Australia)YesLTD Ordinary SharesAUAUDJan 1975
BHPLBATS-CHIXE (BATS 'Chi-X Europe')YesLTD Ordinary SharesGBGBPJan 1975
BHGJSE (The Johannesburg Securities Exchange)YesLTD Ordinary SharesZAZARJan 1975
BHPBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 2 ORD NPV (USD)ARARSJul 2007
BHPNASX (Australian Securities Exchange)NPV DFD 01/02/22 (EX BHP GROUP PLC)AUAUDJan 2022

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.