Antofagasta
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
Rewards
Risk Analysis
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
| ANTO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 3.1% | 2.1% |
| 30 Day | -1.6% | 0.2% | 2.7% |
| 90 Day | 10.2% | -0.9% | 3.5% |
| 1 Year | 125.7%123.0% | 65.2%57.6% | 29.6%23.8% |
| 3 Year | 99.3%82.2% | 62.2%35.4% | 15.7%2.0% |
| 5 Year | 316.7%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
6 days ago | Simply Wall St
Does Antofagasta (LON:ANTO) Have A Healthy Balance Sheet?3 weeks ago | Simply Wall St
Here's What You Should Know About Antofagasta plc's (LON:ANTO) 2.3% Dividend Yield1 month ago | Simply Wall St
Antofagasta (LON:ANTO) Has Gifted Shareholders With A Fantastic 270% Total Return On Their InvestmentValuation
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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 17:31 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.