Anglo American LSE:AAL Stock Report

First half 2022 earnings released

First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down US$5.19b from profit in 1H 2021). Profit margin: (down from 24% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 4.6%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.

Consensus forecasts updated

The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$40.6b to US$45.7b. EPS estimate fell from US$6.29 to US$5.84. Net income forecast to shrink 14% next year vs 6.9% growth forecast for Metals and Mining industry in the United Kingdom . Consensus price target down from UK£36.33 to UK£35.36. Share price rose 8.3% to UK£28.45 over the past week.

Anglo American plc Proposes Dividend for the Six Months to 30 June 2022, Payable on 23 September 2022

In line with the Group's established dividend policy to pay out 40% of underlying earnings, the Board of Anglo American plc has proposeda dividend of $1.24 per share for the six months to 30 June 2022 (30 June 2021: $1.71 ordinary dividend per share and $0.80 special dividend per share), equivalent to $1.5 billion (30 June 2021: $3.1 billion including special dividend). Last day to trade on the JSE Limited (JSE) to qualify for dividend 16 August 2022, Ex-dividend on the JSE from the commencement of trading 17 August 2022, Ex-dividend on the London Stock Exchange from the commencement of trading on 18 August 2022 and Payment date of dividend 23 September 2022.

Anglo American plc to Report First Half, 2022 Results on Jul 28, 2022