Antofagasta plc

3,113pAs of Sun 8 Nov 2026, 12:00 UTC

LSE:ANTOMaterials

Ctry United Kingdom

PE (Fwd) •••

TSR 10Y CAGR 22.45%

Div yield 1.89%

ROE 17.85%

Copper

Beta (5Y) 1.44

PE TTM 24.61

TSR TTM 13.26%

Mkt cap £30.69B

ROIC 13.32%

SE Grade™

Value

Quality

Moat

Consensus

Reference

2,993p

(3.87%)

196.84%

Hold 11|3|5|5|11

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

7.641

Revenue$B

4.484

4.823

5.175

5.489

6.013

6.598

7.151

7.529

8.167

8.905

7.832

8.17%

7.82%

9.82

Revenue growth%

20.00

19.26

21.13

19.02

17.54

17.84

16.56

18.29

17.97

15.76

5.21

17.84

18.13

20.25

Gross margin%

17.36

15.74

16.28

16.82

16.85

16.98

18.29

19.29

18.51

15.63

10.56

18.29

16.91

22.60

Operating margin%

0.40

2.85

0.40

1.78

3.78

6.62

7.42

8.15

5.93

20.45

6.62

3.31

19.27

Net margin%

22.25

23.00

24.13

23.94

26.76

27.29

26.67

25.42

23.20

21.57

3.53

25.42

24.03

11.47

P/E ratio (avg)x

62.03

61.35

64.93

73.88

80.78

86.95

103.2

124.4

133.8

160.1

21.26

124.4

83.87

11.47

EV/EBITx

31.50

36.00

41.74

44.07

44.71

45.29

46.71

47.04

54.06

54.44

37.65

47.04

45.00

16.34

FCF yield (avg)%

1.35

3.73

3.34

4.69

2.30

2.32

3.33

2.03

1.45

1.80

27.38

2.03

2.31

2.92

FCF margin%

16.20

17.16

18.39

17.34

19.63

21.45

19.51

18.10

15.72

13.81

29.87

18.10

17.72

1.274

FCF / Net incomex

1.327

1.267

1.212

1.233

1.153

1.134

0.978

1.062

0.999

0.978

1.180

0.999

1.144

8.11

ROIC%

32.86

29.87

27.73

28.68

28.27

28.42

30.88

30.97

29.98

27.01

12.95

29.98

29.28

29.81

Return on equity%

2.52

4.44

2.32

1.14

2.47

4.78

4.49

1.74

0.40

10.60

1.74

2.39

9.90

Return on assets%

0.40

0.70

1.81

2.10

0.90

3.74

1.70

2.27

11.81

2.10

1.30

3.38

EPS$

0.73

0.76

0.78

0.72

0.78

0.73

0.65

0.64

0.61

0.67

3.50

(3.21%)

(0.24%)

—

23.56

EPS growth%

15.19

15.45

13.39

14.48

14.78

13.46

14.94

15.62

16.71

14.44

28.20

14.94

14.86

2.94

Bookvalue per sh$

6.87

7.40

8.83

10.17

11.08

13.22

13.03

12.76

13.93

14.26

1.57

5.18%

9.40%

—

1.10

FCF per share$

5.84

6.33

7.12

6.82

7.33

8.09

9.32

9.92

11.28

11.21

2.55

8.85%

8.25%

—

1.06

Dividend per sh$

6.74

7.81

7.80

8.51

9.62

11.40

13.28

14.24

15.17

2.64

12.24%

9.97%

—

15.58

Div yield (avg)%

15.84

18.68

16.35

16.59

16.53

14.56

13.89

12.59

13.42

14.72

21.49

13.89

15.28

25.61

Payout ratio%

12.81

14.21

14.89

13.95

14.26

12.14

10.49

8.43

7.16

9.43

20.19

9.43

12.47

0.979

Shares (diluted)B

1.315

1.294

1.336

1.456

1.461

1.697

1.851

1.920

1.855

2.054

0.976

7.04%

4.64%

27.45

Buyback yield%

27.31

26.76

29.64

31.99

30.39

30.05

31.03

31.24

31.21

30.94

17.12

31.03

30.67

0.161

D/E ratiox

1.549

1.821

2.084

2.057

2.045

2.021

2.071

2.249

2.450

2.484

1.647

2.249

2.064

6.580

Enterprise value$B

4.029

4.008

4.468

4.947

5.363

5.512

6.046

6.596

7.435

7.687

5.375

7.47%

8.58%

5.943

LT debt$B

11.59

11.22

12.70

13.58

14.46

14.21

16.66

19.28

19.10

18.97

6.369

5.58%

5.57%

Peers (US$41.29B)

Cap (US$)

Rio Tinto Group

144.6B

11.29x

Anglo American plc

53.36B

—

Metlen Energy & Metals…

7.274B

17.51x

CMOC Group Limited

40.84B

9.504x

Capital

TTM

10Y

Leveragex

4.549

(0.085)

(0.071)

EBIT/Intx

0.143

0.301

0.247

Own earn%

66.75

(169.67)

(152.86)

Sh yield%

43.03

44.63

45.18

Owners

Insiders/Inst%

12.09

43.38

Short interest%

2.41

SBC / revenue%

0.55

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–8

$1 testx

—

Incr. ROIC%

Antofagasta plc operates as a mining company. It operates through Los Pelambres, Centinela, Antucoya, Zaldívar, Exploration and Evaluation, and Transport Division segments. The company produces copper cathodes and copper concentrates; molybdenum concentrates; and gold and silver by-products. It also provides rail and road cargo services to mining customers in northern Chile.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$8.905B

7.82%

1.00×

Cost of revenue

$5.912B

7.79%

1.00×

Operating expenses

$1.233B

9.13%

1.13×