Antofagasta (ANTO)

Sector:

Mining

Index:

FTSE 100

2,250.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 2,275.00
  • 52 Week Low: 1,293.00
  • Currency: UK Pounds
  • Shares Issued: 985.86m
  • Volume: 1,139,208
  • Market Cap: £22,182m
  • RiskGrade: 186

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 1.7% 3.1% 8.6% 3.1% 1.6%
           
Continuing Operations          
PE Ratio - Adjusted 28.9 32.0 11.6 32.6 22.3
PE Ratio - Diluted 24.5
60.4		 12.3
n/a		 12.6
13.3		 35.2
32.6		 22.3
22.3
PEG - Adjusted 1.4 n/a 0.1 4.1 n/a
PEG - Diluted n/a
n/a		 0.6
n/a		 0.1
0.1		 n/a
4.1		 n/a
11.1
Return on Capital Employed 10.61%
10.61%		 15.35%
9.77%		 0.22%
0.23%		 9.94%
10.79%		 10.37%
10.37%
Operating Margin 30.56%
30.56%		 44.31%
44.31%		 46.53%
46.89%		 29.47%
31.04%		 28.20%
28.20%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 28.9 32.0 1,151.1 32.2 22.3
PE Ratio - Diluted 24.5
60.4		 12.3
n/a		 1,253.2
1,318.2		 34.7
32.1		 22.3
22.3
PEG - Adjusted 1.4 0.0 n/a 3.6 n/a
PEG - Diluted n/a
n/a		 0.0
n/a		 n/a
n/a		 34.7
3.6		 n/a
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 38.37% 28.59% 29.09% 32.36% 28.48%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1,222.12¢ 1,181.14¢ 1,118.72¢ 1,007.35¢ 938.36¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 6,324.50 5,862.00 75.40 5,129.30 4,964.50
EBITDA 3,144.30
3,144.30		 3,738.40
3,738.40		 45.97
46.25		 2,560.10
2,640.90		 1,400.20
1,400.20
Depreciation (1,211.30)
(1,211.30)		 (1,141.10)
(1,141.10)		 (10.89)
(10.89)		 (1,048.70)
(1,048.70)		 n/a
n/a
Net Interest 32.50
(134.60)		 (38.40)
(38.40)		 (0.59)
(0.59)		 (103.40)
(103.40)		 (51.00)
(51.00)
Profit Before Tax 1,965.50
1,798.40		 2,558.90
1,614.20		 35.10
35.37		 1,413.10
1,493.90		 1,349.20
1,349.20
           
Revenue per Share 641.52¢ 594.61¢ 7.65¢ 520.29¢ 503.57¢
Pre-Tax Profit per Share 199.37¢
182.42¢		 259.56¢
163.74¢		 3.56¢
3.59¢		 143.34¢
151.53¢		 136.86¢
136.86¢
Market Capitalisation $ (Millions) 16,557.46 15,236.42 13,195.69 14,201.27 9,038.33
Enterprise Value (EV) $ (Millions) 20,153.56 18,477.82 16,354.59 17,905.17 11,651.83
EBITDA/EV 15.60%
15.60%		 20.23%
20.23%		 0.28%
0.28%		 14.30%
14.75%		 12.02%
12.02%
Operating Margin 30.56%
30.56%		 44.31%
44.31%		 46.53%
46.89%		 29.47%
31.04%		 28.20%
28.20%
Capital Employed $ (Millions) 18,210.10 16,919.70 15,916.40 14,798.60 13,504.10
Return on Capital Employed 10.61%
10.61%		 15.35%
9.77%		 0.22%
0.23%		 9.94%
10.79%		 10.37%
10.37%
Invested Equity Capital $ (Millions) 11,034.40 10,625.80 10,065.00 8,863.40 8,880.10
           
Earnings per Share - Basic 84.70¢
34.39¢		 155.50¢
(52.99¢)		 130.90¢
124.44¢		 50.60¢
54.70¢		 50.90¢
50.86¢
Earnings per Share - Diluted 84.70¢
34.39¢		 155.50¢
(52.99¢)		 130.90¢
124.44¢		 50.60¢
54.70¢		 50.90¢
50.86¢
Earnings per Share - Adjusted 72.00¢ 59.70¢ 142.50¢ 54.70¢ 50.90¢
Earnings per Share Growth - Basic -46%
n/a		 19%
n/a		 159%
128%		 -1%
8%		 -1%
2%
Earnings per Share Growth - Diluted -46%
n/a		 19%
n/a		 159%
128%		 -1%
8%		 -1%
2%
Earnings per Share Growth - Adjusted 21% -58% 160% 8% -1%
PE Ratio - Diluted 24.5
60.4		 12.3
n/a		 12.6
13.3		 35.2
32.6		 22.3
22.3
PEG - Diluted n/a
n/a		 0.6
n/a		 0.1
0.1		 n/a
4.1		 n/a
11.1
Tax Rate 33.89% 23.59% 36.35% 37.49% 37.51%
Dividend Cover 2.00
0.96		 1.00
(0.89)		 1.00
0.87		 1.00
1.00		 2.86
2.86
Interest Cover 19.61
18.03		 33.56
21.54		 55.84
56.27		 12.55
13.22		 13.14
13.14
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 84.70¢
34.39¢		 155.50¢
(52.99¢)		 1.32¢
1.26¢		 51.30¢
55.44¢		 50.90¢
50.86¢
Earnings per Share - Diluted 84.70¢
34.39¢		 155.50¢
(52.99¢)		 1.32¢
1.26¢		 51.30¢
55.44¢		 50.90¢
50.86¢
Earnings per Share - Adjusted 72.00¢ 59.70¢ 1.44¢ 55.40¢ 50.90¢
Earnings per Share Growth - Basic -46%
n/a		 11,669%
n/a		 -97%
-98%		 1%
9%		 -8%
-8%
Earnings per Share Growth - Diluted -46%
n/a		 11,669%
n/a		 -97%
-98%		 1%
9%		 -8%
-8%
Earnings per Share Growth - Adjusted 21% 4,050% -97% 9% -8%
PE Ratio - Diluted 24.5
60.4		 12.3
n/a		 1,253.2
1,318.2		 34.7
32.1		 22.3
22.3
PEG - Diluted n/a
n/a		 0.0
n/a		 n/a
n/a		 34.7
3.6		 n/a
n/a
Dividend Cover 2.00
0.96		 1.00
(0.89)		 0.01
0.01		 1.01
1.01		 2.86
2.86
Return on Equity (ROE) 4.21%
3.07%		 3.97%
(4.92%)		 0.13%
0.12%		 5.71%
6.17%		 5.65%
5.65%
Operating Cash Flow per Share 236.65¢ 190.38¢ 372.27¢ 208.82¢ 212.08¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (16.43¢) 6.65¢ (0.49¢) 59.67¢ (38.04¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 36.00¢ 59.70¢ 142.50¢ 54.70¢ 17.80¢
Dividend per Share Growth (39.70%) (58.11%) 160.51% 207.30% (59.36%)
Dividend Yield 1.7% 3.1% 8.6% 3.1% 1.6%
Shareholders Funds 8,951.90 8,627.50 8,350.20 7,750.60 7,383.70
Net Borrowings $ (Millions) 3,434.50 2,466.60 2,429.20 2,508.00 2,103.10
Net Asset Value per Share (inc. Intangibles) 908.03¢ 875.13¢ 847.00¢ 770.95¢ 733.74¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 8,951.90 8,627.50 8,350.20 7,750.60 7,383.70
Net Borrowings $ (Millions) 3,434.50 2,466.60 2,429.20 2,508.00 2,103.10
Net Gearing 38.37% 28.59% 29.09% 32.36% 28.48%
Cash & Near Cash 644.70 810.40 743.40 1,246.80 653.70
Cash 7.20% 9.39% 8.90% 16.09% 8.85%
Gross Borrowings 4,079.20 3,277.00 3,172.60 3,754.80 2,756.80
Gross Gearing 45.57% 37.98% 37.99% 48.45% 37.34%
Borrowings Under 5 years 4,079.20 3,277.00 3,172.60 3,754.80 2,756.80
Under 5 years 45.57% 37.98% 37.99% 48.45% 37.34%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 8,951.90 8,627.50 8,350.20 7,600.50 7,233.60
Net Borrowings $ (Millions) 3,434.50 2,466.60 2,429.20 2,508.00 2,103.10
Net Gearing 38.37% 28.59% 29.09% 33.00% 29.07%
Cash & Near Cash 644.70 810.40 743.40 1,246.80 653.70
Cash 7.20% 9.39% 8.90% 16.40% 9.04%
Gross Borrowings 4,079.20 3,277.00 3,172.60 3,754.80 2,756.80
Gross Gearing 45.57% 37.98% 37.99% 49.40% 38.11%
Borrowings Under 5 years 4,079.20 3,277.00 3,172.60 3,754.80 2,756.80
Under 5 years 45.57% 37.98% 37.99% 49.40% 38.11%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 2.06 2.81 3.10 2.92 1.95
Current Ratio 2.37 3.25 3.43 3.28 2.33

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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