Antofagasta plc (ANTO.L)
Materials · LSE · UK
Fundamentals
Valuation and ratings
Antofagasta plc trades at £37.09, which is 21% above the £29.31 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 70 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 37.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Antofagasta plc
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. In addition, the company has exploration projects in various countries. It has operations in the United Kingdom, Switzerland, Spain, Germany, rest of Europe, Chile, rest of Latin America, the United States, Japan, China, Singapore, South Korea, Hong Kong, and rest of Asia. The company was incorporated in 1888 and is headquartered in London, the United Kingdom. Antofagasta plc is a subsidiary of Metalinvest Anstalt.
ANTO.L passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Antofagasta plc (ANTO.L) undervalued?
Against our discounted cash flow estimate of £29.31, ANTO.L at £37.09 is 21% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is ANTO.L's P/E ratio?
ANTO.L trades at 37.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.