Anglo American plc

BSM:ANGL-EQO Stock Report

Market Cap: P496.3b

Anglo American Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ANGL-EQO (BWP408.25) is trading above our estimate of fair value (BWP271.99)

Significantly Below Fair Value: ANGL-EQO is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANGL-EQO?

Key metric: As ANGL-EQO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ANGL-EQO. This is calculated by dividing ANGL-EQO's market cap by their current revenue.
What is ANGL-EQO's PS Ratio?
PS Ratio1.2x
SalesUS$29.44b
Market CapUS$36.38b

Price to Sales Ratio vs Peers

How does ANGL-EQO's PS Ratio compare to its peers?

The above table shows the PS ratio for ANGL-EQO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
GMEXICO B Grupo México. de
2.4x4.0%Mex$799.6b
1211 Saudi Arabian Mining Company (Ma'aden)
6.3x6.7%ر.س193.5b
500188 Hindustan Zinc
6.9x7.6%₹2.1t
TECK.B Teck Resources
2x-10.6%CA$33.6b
ANGL-EQO Anglo American
1.2x2.3%P29.0b

Price-To-Sales vs Peers: ANGL-EQO is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does ANGL-EQO's PS Ratio compare vs other companies in the African Metals and Mining Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
ANGL-EQO 1.2xIndustry Avg. 1.3xNo. of Companies6PS012345+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ANGL-EQO is good value based on its Price-To-Sales Ratio (1.2x) compared to the African Metals and Mining industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

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

ANGL-EQO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ANGL-EQO's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst ANGL-EQO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentP408.25
P431.80
+5.8%
12.0%P526.88P349.40n/a17
Nov ’25P408.25
P428.55
+5.0%
11.1%P504.62P351.25n/a17
Oct ’25P469.11
P427.10
-9.0%
10.9%P506.98P347.41n/a17
Sep ’25P469.11
P438.80
-6.5%
11.4%P529.22P358.31n/a17
Aug ’25P469.11
P452.88
-3.5%
10.5%P539.25P365.25n/a17
Jul ’25P469.11
P458.08
-2.4%
11.3%P535.94P345.96n/a18
Jun ’25P469.11
P468.79
-0.07%
12.2%P557.74P352.22n/a17
May ’25P462.00
P420.45
-9.0%
18.1%P532.97P272.47n/a14
Apr ’25P392.00
P376.90
-3.9%
14.3%P468.12P277.12n/a19
Mar ’25P392.00
P378.74
-3.4%
14.1%P470.70P278.93n/a19
Feb ’25P392.00
P394.74
+0.7%
17.2%P578.43P276.63n/a19
Jan ’25P392.00
P395.18
+0.8%
18.8%P571.44P252.96n/a18
Dec ’24P392.00
P447.97
+14.3%
11.0%P574.53P375.10n/a18
Nov ’24P392.00
P448.46
+14.4%
12.1%P581.60P344.40P408.2518
Oct ’24P392.00
P462.66
+18.0%
12.9%P601.31P376.59P469.1118
Sep ’24P392.00
P458.33
+16.9%
12.1%P588.33P373.11P469.1119
Aug ’24P392.00
P452.98
+15.6%
12.2%P573.62P363.78P469.1119
Jul ’24P218.00
P494.56
+126.9%
13.7%P587.53P381.92P469.1119
Jun ’24P218.00
P543.36
+149.2%
16.1%P735.75P385.19P469.1120
May ’24P218.00
P523.74
+140.2%
16.4%P704.65P367.19P462.0019
Apr ’24P218.00
P516.17
+136.8%
17.4%P681.14P363.48P392.0019
Mar ’24P218.00
P539.30
+147.4%
16.2%P685.66P410.21P392.0020
Feb ’24P218.00
P536.91
+146.3%
16.3%P680.37P397.56P392.0020
Jan ’24P218.00
P514.91
+136.2%
14.6%P641.08P397.56P392.0021
Dec ’23P218.00
P514.09
+135.8%
14.7%P641.08P358.23P392.0021
Nov ’23P218.00
P521.06
+139.0%
15.3%P668.58P373.59P392.0021

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

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