Financials Antofagasta plc

Equities

ANTO

GB0000456144

Specialty Mining & Metals

Market Closed - London S.E. 16:35:05 20/06/2024 BST 5-day change 1st Jan Change
2,146 GBX +4.33% Intraday chart for Antofagasta plc +4.02% +27.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,985 19,419 17,852 18,428 21,076 26,817 - -
Enterprise Value (EV) 1 12,548 19,501 17,312 19,314 22,236 28,421 30,065 31,039
P/E ratio 23.9 x 38.4 x 13.8 x 12 x 25.2 x 29.1 x 21.7 x 19.2 x
Yield 2.81% 2.78% 7.87% 3.19% 1.68% 1.35% 1.87% 1.94%
Capitalization / Revenue 2.41 x 3.79 x 2.39 x 3.14 x 3.33 x 3.86 x 3.5 x 3.37 x
EV / Revenue 2.53 x 3.8 x 2.32 x 3.29 x 3.52 x 4.09 x 3.93 x 3.9 x
EV / EBITDA 5.15 x 7.12 x 3.58 x 6.59 x 7.2 x 7.47 x 6.57 x 6.29 x
EV / FCF 12.3 x 26 x 9.15 x -8,397 x 109 x 63.7 x -224 x 72.4 x
FCF Yield 8.11% 3.85% 10.9% -0.01% 0.92% 1.57% -0.45% 1.38%
Price to Book 1.62 x 2.51 x 2.14 x 2.14 x 2.35 x 2.85 x 2.68 x 2.55 x
Nbr of stocks (in thousands) 985,857 985,857 985,857 985,857 985,857 985,857 - -
Reference price 2 12.16 19.70 18.11 18.69 21.38 27.20 27.20 27.20
Announcement Date 17/03/20 16/03/21 22/02/22 21/02/23 20/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 4,964 5,129 7,470 5,862 6,324 6,951 7,657 7,955
EBITDA 1 2,439 2,739 4,836 2,930 3,087 3,803 4,576 4,935
EBIT 1 1,376 1,597 3,639 1,682 1,769 2,549 3,285 3,512
Operating Margin 27.71% 31.14% 48.71% 28.7% 27.98% 36.67% 42.91% 44.15%
Earnings before Tax (EBT) 1 1,349 1,413 3,477 2,559 1,966 2,453 3,215 3,644
Net income 1 501.4 506.4 1,290 1,533 835.1 903.2 1,270 1,538
Net margin 10.1% 9.87% 17.27% 26.15% 13.2% 12.99% 16.59% 19.33%
EPS 2 0.5090 0.5130 1.309 1.555 0.8470 0.9332 1.253 1.419
Free Cash Flow 1 1,017 751.3 1,893 -2.3 203.8 446.3 -134.1 428.4
FCF margin 20.49% 14.65% 25.34% -0.04% 3.22% 6.42% -1.75% 5.39%
FCF Conversion (EBITDA) 41.71% 27.43% 39.13% - 6.6% 11.74% - 8.68%
FCF Conversion (Net income) 202.87% 148.36% 146.69% - 24.4% 49.42% - 27.86%
Dividend per Share 2 0.3410 0.5470 1.425 0.5970 0.3600 0.3684 0.5092 0.5289
Announcement Date 17/03/20 16/03/21 22/02/22 21/02/23 20/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 2,439 2,139 2,990 3,591 3,879 2,528 3,334 2,890 3,434 - - - -
EBITDA - 1,013 1,726 2,357 - 1,238 1,692 1,331 1,756 - - - -
EBIT - 471 - 1,820 1,819 690.4 992 773.3 - - - - -
Operating Margin - 22.02% - 50.68% 46.88% 27.31% 29.76% 26.76% - - - - -
Earnings before Tax (EBT) - 387.5 - - - - 1,879 764.5 1,201 - - - -
Net income - - - - - 260.3 1,273 330.4 504.7 - - - -
Net margin - - - - - 10.3% 38.18% 11.43% 14.7% - - - -
EPS 1 0.2020 0.1370 - 0.6750 0.6340 0.2640 1.291 0.3350 0.5120 0.3600 0.5700 0.5500 0.5400
Dividend per Share - 0.0620 0.4850 0.2360 - 0.0920 0.5050 - 0.2430 - - - -
Announcement Date 17/03/20 20/08/20 16/03/21 19/08/21 22/02/22 11/08/22 21/02/23 10/08/23 20/02/24 - - - -
1USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 563 82 - 886 1,160 1,604 3,248 4,222
Net Cash position 1 - - 541 - - - - -
Leverage (Debt/EBITDA) 0.231 x 0.0299 x - 0.3024 x 0.3757 x 0.4217 x 0.7097 x 0.8555 x
Free Cash Flow 1 1,017 751 1,893 -2.3 204 446 -134 428
ROE (net income / shareholders' equity) 6.8% 6.69% 16% 18.1% 8.08% 10.5% 12.3% 12.3%
ROA (Net income/ Total Assets) 3.49% 3.24% 7.62% 3.31% 3.75% 4.46% 5% 4.63%
Assets 1 14,354 15,607 16,941 46,275 22,287 20,267 25,379 33,226
Book Value Per Share 2 7.490 7.860 8.470 8.750 9.080 9.560 10.20 10.70
Cash Flow per Share 2 2.120 2.090 3.720 1.900 2.370 2.530 2.970 3.130
Capex 1 1,074 1,307 1,778 1,879 2,129 2,598 3,445 3,041
Capex / Sales 21.63% 25.49% 23.79% 32.06% 33.67% 37.37% 44.99% 38.23%
Announcement Date 17/03/20 16/03/21 22/02/22 21/02/23 20/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
17
Last Close Price
27.2 USD
Average target price
24.28 USD
Spread / Average Target
-10.73%
Consensus
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