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Market Cap

UK£17.1b

Last Updated

2021/04/12 17:31 UTC

Data Sources

Company Financials +

Executive Summary

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile and internationally. More Details


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Antofagasta's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ANTO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

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


Market Performance


7 Day Return

0.4%

ANTO

3.1%

GB Metals and Mining

2.1%

GB Market


1 Year Return

123.0%

ANTO

57.6%

GB Metals and Mining

23.8%

GB Market

Return vs Industry: ANTO exceeded the UK Metals and Mining industry which returned 57.6% over the past year.

Return vs Market: ANTO exceeded the UK Market which returned 23.8% over the past year.


Shareholder returns

ANTOIndustryMarket
7 Day0.4%3.1%2.1%
30 Day-1.6%0.2%2.7%
90 Day10.2%-0.9%3.5%
1 Year125.7%123.0%65.2%57.6%29.6%23.8%
3 Year99.3%82.2%62.2%35.4%15.7%2.0%
5 Year316.7%271.0%209.3%138.4%42.6%15.5%

Long-Term Price Volatility Vs. Market

How volatile is Antofagasta's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Antofagasta undervalued compared to its fair value and its price relative to the market?

27.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ANTO (£17) is trading below our estimate of fair value (£23.31)

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


Price To Earnings Ratio

PE vs Industry: ANTO is poor value based on its PE Ratio (46.2x) compared to the GB Metals and Mining industry average (11x).

PE vs Market: ANTO is poor value based on its PE Ratio (46.2x) compared to the UK market (25.8x).


Price to Earnings Growth Ratio

PEG Ratio: ANTO is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: ANTO is overvalued based on its PB Ratio (3x) compared to the GB Metals and Mining industry average (2.2x).


Future Growth

How is Antofagasta forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANTO's forecast earnings growth (13.7% per year) is above the savings rate (1%).

Earnings vs Market: ANTO's earnings (13.7% per year) are forecast to grow slower than the UK market (20.8% per year).

High Growth Earnings: ANTO's earnings are forecast to grow, but not significantly.

Revenue vs Market: ANTO's revenue (5.4% per year) is forecast to grow slower than the UK market (6.5% per year).

High Growth Revenue: ANTO's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ANTO's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Antofagasta performed over the past 5 years?

27.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANTO has high quality earnings.

Growing Profit Margin: ANTO's current net profit margins (9.7%) are lower than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: ANTO has become profitable over the past 5 years, growing earnings by 27.2% per year.

Accelerating Growth: ANTO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ANTO had negative earnings growth (-0.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (5.8%).


Return on Equity

High ROE: ANTO's Return on Equity (8.8%) is considered low.


Financial Health

How is Antofagasta's financial position?


Financial Position Analysis

Short Term Liabilities: ANTO's short term assets ($5.3B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: ANTO's short term assets ($5.3B) exceed its long term liabilities ($4.9B).


Debt to Equity History and Analysis

Debt Level: ANTO's debt to equity ratio (35.2%) is considered satisfactory.

Reducing Debt: ANTO's debt to equity ratio has increased from 32% to 35.2% over the past 5 years.

Debt Coverage: ANTO's debt is well covered by operating cash flow (58%).

Interest Coverage: ANTO's interest payments on its debt are well covered by EBIT (27x coverage).


Balance Sheet


Dividend

What is Antofagasta current dividend yield, its reliability and sustainability?

2.34%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 13 2021Ex Dividend DateApr 22 2021Dividend Pay DateMay 14 202122 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ANTO's dividend (2.34%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).

High Dividend: ANTO's dividend (2.34%) is low compared to the top 25% of dividend payers in the UK market (4.19%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (108%), ANTO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ANTO's dividends in 3 years are forecast to be covered by earnings (53.3% payout ratio).


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Iván Arriagada Herrera (56 yo)

5yrs

Tenure

US$2,733,000

Compensation

Mr. Iván Arriagada Herrera has been the Chief Executive Officer of Antofagasta Minerals S.A. since February 16, 2015 and Antofagasta plc since April 8, 2016. He joined Antofagasta plc in February 16, 2015....


CEO Compensation Analysis

Compensation vs Market: Iván's total compensation ($USD2.73M) is about average for companies of similar size in the UK market ($USD3.55M).

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


Leadership Team

Experienced Management: ANTO's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: ANTO's board of directors are considered experienced (6.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Antofagasta plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Antofagasta plc
  • Ticker: ANTO
  • Exchange: LSE
  • Founded: 1888
  • Industry: Copper
  • Sector: Materials
  • Market Cap: UK£17.055b
  • Shares outstanding: 985.86m
  • Website: https://www.antofagasta.co.uk

Number of Employees


Location

  • Antofagasta plc
  • Cleveland House
  • 33 King Street
  • London
  • Greater London
  • SW1Y 6RJ
  • United Kingdom

Listings


Biography

Antofagasta plc, through its subsidiaries, primarily engages in the exploration, evaluation, development, and mining of copper properties in Chile and internationally. It operates through Los Pelambres, Ce...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 17:31
End of Day Share Price2021/04/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.