Antofagasta plc

LSE:ANTO Stock Report

Market Cap: UK£21.2b

Antofagasta Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ANTO (£21.55) is trading below our estimate of fair value (£42.9)

Significantly Below Fair Value: ANTO is trading below fair value by more than 20%.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ANTO 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/Revenue4.8x
Enterprise Value/EBITDA10.4x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ANTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.7x
ATYM Atalaya Mining
17.8x33.8%UK£594.6m
AAL Anglo American
112.6x30.4%UK£25.6b
CAML Central Asia Metals
11.7x15.3%UK£351.4m
GLEN Glencore
16.6x9.1%UK£56.9b
ANTO Antofagasta
31.7x17.8%UK£21.2b

Price-To-Earnings vs Peers: ANTO is good value based on its Price-To-Earnings Ratio (31.7x) compared to the peer average (39.7x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.0%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.0%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: ANTO is expensive based on its Price-To-Earnings Ratio (31.7x) compared to the UK Metals and Mining industry average (13.9x).

Price to Earnings Ratio vs Fair Ratio

What is ANTO'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.

ANTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.7x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: ANTO is expensive based on its Price-To-Earnings Ratio (31.7x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

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 ANTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£21.55
UK£18.35
-14.9%
24.6%UK£26.22UK£10.23n/a17
Apr ’25UK£20.39
UK£16.47
-19.2%
23.3%UK£22.43UK£10.00n/a17
Mar ’25UK£18.17
UK£15.35
-15.5%
19.6%UK£21.10UK£10.05n/a17
Feb ’25UK£17.49
UK£15.35
-12.3%
20.4%UK£21.07UK£10.04n/a17
Jan ’25UK£16.80
UK£14.27
-15.0%
18.0%UK£19.00UK£9.65n/a17
Dec ’24UK£14.96
UK£13.87
-7.3%
18.8%UK£18.68UK£9.65n/a17
Nov ’24UK£13.13
UK£14.42
+9.8%
18.5%UK£18.96UK£10.77n/a17
Oct ’24UK£14.29
UK£14.89
+4.2%
19.6%UK£19.93UK£10.80n/a17
Sep ’24UK£14.71
UK£14.49
-1.5%
17.9%UK£19.10UK£10.80n/a17
Aug ’24UK£16.52
UK£14.82
-10.3%
15.6%UK£19.16UK£10.72n/a17
Jul ’24UK£14.61
UK£15.02
+2.8%
16.6%UK£19.65UK£9.51n/a17
Jun ’24UK£13.80
UK£15.34
+11.1%
18.1%UK£22.01UK£9.71n/a17
May ’24UK£14.61
UK£15.00
+2.7%
17.9%UK£21.91UK£9.67n/a16
Apr ’24UK£15.81
UK£14.79
-6.4%
19.4%UK£22.50UK£9.71UK£20.3916
Mar ’24UK£16.36
UK£14.95
-8.6%
19.9%UK£23.18UK£9.33UK£18.1716
Feb ’24UK£17.31
UK£14.49
-16.3%
22.6%UK£23.05UK£9.29UK£17.4916
Jan ’24UK£15.46
UK£12.31
-20.3%
14.3%UK£16.21UK£9.51UK£16.8017
Dec ’23UK£14.06
UK£11.48
-18.4%
16.4%UK£16.33UK£8.86UK£14.9617
Nov ’23UK£12.31
UK£11.37
-7.6%
11.8%UK£14.22UK£9.32UK£13.1317
Oct ’23UK£11.16
UK£12.98
+16.3%
10.0%UK£15.15UK£11.02UK£14.2917
Sep ’23UK£10.50
UK£12.38
+17.9%
10.7%UK£15.52UK£10.35UK£14.7117
Aug ’23UK£11.39
UK£12.54
+10.1%
14.7%UK£16.16UK£9.81UK£16.5217
Jul ’23UK£11.22
UK£15.86
+41.4%
15.5%UK£20.24UK£11.20UK£14.6116
Jun ’23UK£14.95
UK£16.13
+7.9%
12.7%UK£20.39UK£11.50UK£13.8016
May ’23UK£15.51
UK£16.58
+6.9%
12.4%UK£20.24UK£13.08UK£14.6116
Apr ’23UK£16.91
UK£15.64
-7.5%
12.1%UK£19.56UK£13.02UK£15.8116

Analyst Forecast: Target price is lower than the current share price.

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