ANTO

Antofagasta (ANTO)

Company name:	Antofagasta Plc
Company Description:	Copper mining and the transport of freight by rail and road and the distribution of water
EPIC:	ANTO	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB0000456144
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.antofagasta.co.uk/	Description:	ORD 5P
Industry Sector:	MINING

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,700.00	0.0 [0.00]	1,704.50	1,706.00	-	-	-	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
16,759.56	985.86	0.32	108.44	105.37	15.68	6.20	1,837.50 - 971.20

Antofagasta Key Figures

Key Figures
(at previous day's close)
Market Cap.	16,759.56	m
Shares In Issue	985.86	m
Prev. Close	1,700.00
PE Ratio	15.68
Dividend Yield	6.20	%
EPS - basic	108.44	p
Dividend PS	105.37	p
Dividend Cover	-
Cash Flow PS	275.29	p
Return On Equity (ROE)	15.45	%
Operating Margin	46.55	%
PEG Factor	0.10
EPS Growth Rate	155.17	%
Dividends PS Growth Rate	160.51	%
Net Debt	4,071.54	m
Gross Gearing	36.17	%
Quick Assets	3,912.77	m
Net Working Capital	3,142.69	m
Intangibles / Fixed Assets	-	%
Turnover PS	560.32	p
Pre-Tax Profit PS	260.81	p
Retained Profit PS	43.46	p
Cash PS	55.76	p
Net Cash PS	-62.32	p
Net Tangible Asset Value PS *	626.33	p
Net Asset Value PS	827.26	p
Spread	1.50 (0.09%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Antofagasta Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	High	Low
1 week	1,750.50	1,683.00
4 weeks	1,837.50	1,683.00
12 weeks	1,837.50	1,287.50
1 year	1,837.50	971.20

Share Price Chart (5 years)

Antofagasta Historic Returns

%1$s Historic Returns
Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,714.50	-14.50	-0.85	1,683.00	1.50		1,714.97
4 weeks	1,737.00	-37.00	-2.13	1,683.00	1.74		1,748.22
12 weeks	1,361.50	338.50	24.86	1,287.50	1.65		1,585.12
26 weeks	1,190.00	510.00	42.86	1,026.00	1.68		1,348.08
1 year	1,258.50	441.50	35.08	971.20	1.73		1,367.99
3 years	836.80	863.20	103.15	575.00	1.73		1,278.18
5 years	873.20	826.80	94.69	575.00	2.12		1,079.17
† periods calculated are whole weeks rather than calendar months

Antofagasta Key Management Ratios

DEEPER ANALYSIS

Antofagasta Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	2.23
PE Ratio	15.68
Tobin's Q Ratio	0.99
Tobin's Q Ratio (excl. intangibles)	0.99
Dividend Yield	6.20	%
Market-to-Book Ratio	2.71
Price-to-Pre-Tax Profit PS	6.52
Price-to-Retained Profit PS	39.12
Price-to-Cash Flow PS	6.18
Price-to-Sales PS	3.03
Price-to-Net Tangible Asset Value PS	2.05
Price-to-Cash PS	30.49
Net Working Capital PS	318.78
Price Pct to Working Capital PS	5.33	%
Earnings Yield	6.38	%
Average PE	16.74
Years in average	5
PE to PE average	93.63	%

Antofagasta Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	29.77	%
Debt-to-Equity Ratio	0.42
Debt-to-Equity Ratio (excl. Intgbl)	0.42
Debt-to-Equity Market Value	0.21
Net Gearing	31.87	%
Net Gearing (excl. Intangibles)	31.87	%
Gross Gearing	36.17	%
Gross Gearing (excl. Intangibles)	36.17	%
Gearing Under 1 Year	9.11	%
Gearing Under 1 Year (excl. Intgbl)	9.11	%
Assets/Equity	1.57
Cash/Equity	6.74
(Liquidity Ratios)
Net Working Capital to Total Assets	24.60	%
Current Ratio	3.70
Quick Ratio (Acid Test)	3.36
Liquidity Ratio	0.47
Cash & Equiv/Current Assets	12.76	%
(Solvency Ratios)
Enterprise Value	21,647.92	m
CFO/Sales	0.49
CFO/Attributable Profit	2.84
CFO/Assets	0.21
CFO/Debt	0.59
Total Debt/Equity Market Value	0.28
Total Debt/Sales	0.84
Total Debt/Pre-Tax Profit	1.80
Total Debt	4,621.26	m
Total Debt/Net Current Assets	1.47	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	37.01	%
5 yr Compound Earnings Growth	11.43	%
10 yr Compound Earnings Growth	2.26	%
Earn drops > 5% in 10yrs	9

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.3241	0.5827

Antofagasta Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	22.14	%
Return On Assets (ROA)	5.63	%
Net Profit Margin	17.27	%
Assets Turnover	0.33
Return On Equity (ROE)	15.45	%
Return On Investment (ROI)	6.22	%
Dividend Payout Ratio	108.86	%
Plowback Ratio	-8.86	%
Growth from Plowback Ratio	-1.05	%
Net Income Of Revenues	7.76	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.69
Fixed Assets Turnover	0.49
Current Assets Turnover	0.96
Net Working Capital Turnover
Inventory Turnover	9.82
(Other Operating Ratios)
Total Assets-to-Sales	3.07
Debtors-to-Sales	27.02	%
Debt Collection Period	98.63	Days

Antofagasta Dividends

%1$s Dividends
Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
11 Aug 2022	Interim	USX	9.20	31/12/2021	31/12/2022	01/09/2022	02/09/2022	30/09/2022	-
22 Feb 2022	Final	USX	118.90	31/12/2020	31/12/2021	21/04/2022	22/04/2022	13/05/2022	142.50
19 Aug 2021	Interim	USX	23.60	31/12/2020	31/12/2021	02/09/2021	03/09/2021	01/10/2021	-
16 Mar 2021	Final	USX	48.50	31/12/2019	31/12/2020	22/04/2021	23/04/2021	14/05/2021	54.70
20 Aug 2020	Interim	USX	6.20	31/12/2019	31/12/2020	03/09/2020	04/09/2020	02/10/2020	-
17 Mar 2020	Final	USX	7.10	31/12/2018	31/12/2019	23/04/2020	24/04/2020	22/05/2020	17.80
22 Aug 2019	Interim	USX	10.70	31/12/2018	31/12/2019	05/09/2019	06/09/2019	04/10/2019	-
19 Mar 2019	Final	USX	37.00	31/12/2017	31/12/2018	25/04/2019	26/04/2019	24/05/2019	43.80
14 Aug 2018	Interim	USX	6.80	31/12/2017	31/12/2018	06/09/2018	07/09/2018	05/10/2018	-
13 Mar 2018	Final	USX	40.60	31/12/2016	31/12/2017	26/04/2018	27/04/2018	25/05/2018	50.90
22 Aug 2017	Interim	USX	10.30	31/12/2016	31/12/2017	07/09/2017	08/09/2017	06/10/2017	-
15 Mar 2017	Final	USX	15.30	31/12/2015	31/12/2016	27/04/2017	28/04/2017	26/05/2017	18.40
16 Aug 2016	Interim	USX	3.10	31/12/2015	31/12/2016	08/09/2016	09/09/2016	30/09/2016	-
25 Aug 2015	Interim	USX	3.10	31/12/2014	31/12/2015	17/09/2015	18/09/2015	08/10/2015	3.10
17 Mar 2015	Final	USX	9.80	31/12/2013	31/12/2014	23/04/2015	24/04/2015	22/05/2015	21.50
26 Aug 2014	Interim	USX	11.70	31/12/2013	31/12/2014	17/09/2014	19/09/2014	09/10/2014	-
18 Mar 2014	Final	USX	86.10	31/12/2012	31/12/2013	23/04/2014	25/04/2014	23/05/2014	95.00
27 Aug 2013	Interim	USX	8.90	31/12/2012	31/12/2013	18/09/2013	20/09/2013	10/10/2013	-
12 Mar 2013	Final	USX	12.50	31/12/2011	31/12/2012	08/05/2013	10/05/2013	13/06/2013	-
12 Mar 2013	Special	USX	77.00	31/12/2011	31/12/2012	08/05/2013	10/05/2013	13/06/2013	98.50
29 Aug 2012	Interim	USX	8.50	31/12/2011	31/12/2012	12/09/2012	14/09/2012	04/10/2012	-
13 Mar 2012	Special	USX	24.00	31/12/2010	31/12/2011	09/05/2012	11/05/2012	14/06/2012	-
13 Mar 2012	Final	USX	12.00	31/12/2010	31/12/2011	09/05/2012	11/05/2012	14/06/2012	44.00
23 Aug 2011	Interim	USX	8.00	31/12/2010	31/12/2011	14/09/2011	16/09/2011	06/10/2011	-
11 Mar 2011	Final	USX	12.00	31/12/2009	31/12/2010	04/05/2011	06/05/2011	09/06/2011	-
11 Mar 2011	Special	USX	100.00	31/12/2009	31/12/2010	04/05/2011	06/05/2011	09/06/2011	116.00
24 Aug 2010	Interim	USX	4.00	31/12/2009	31/12/2010	15/09/2010	17/09/2010	07/10/2010	-
09 Mar 2010	Final	USX	6.00	31/12/2008	31/12/2009	05/05/2010	07/05/2010	10/06/2010	9.40
09 Mar 2010	Special	USX	20.00	31/12/2008	31/12/2009	05/05/2010	07/05/2010	10/06/2010	-
26 Aug 2009	Interim	USX	3.40	31/12/2008	31/12/2009	16/09/2009	18/09/2009	08/10/2009	-
13 May 2009	Special	USX	48.00	31/12/2007	31/12/2008	06/05/2009	08/05/2009	11/06/2009	-
13 Mar 2009	Final	USX	5.60	31/12/2007	31/12/2008	06/05/2009	08/05/2009	11/06/2009	9.00
27 Aug 2008	Special	USX	32.00	31/12/2006	31/12/2007	17/09/2008	19/09/2008	09/10/2008	-
09 Mar 2008	Special	USX	38.00	31/12/2006	31/12/2007	07/05/2008	09/05/2008	12/06/2008	-
09 Mar 2008	Final	USX	5.40	31/12/2006	31/12/2007	07/05/2008	09/05/2008	12/06/2008	8.60
29 Aug 2007	Special	USX	3.00	30/12/2006	30/06/2007	-	-	11/10/2007	-
29 Aug 2007	Interim	USX	3.20	30/12/2006	30/06/2007	-	-	11/10/2007	-
13 Mar 2007	Special	USX	38.00	31/12/2005	31/12/2006	09/05/2007	11/05/2007	14/06/2007	-
13 Mar 2007	Final	USX	5.00	31/12/2005	31/12/2006	09/05/2007	11/05/2007	14/06/2007	8.20
25 Aug 2006	Special	USX	2.00	30/12/2005	30/06/2006	20/09/2006	22/09/2006	12/10/2006	-
25 Aug 2006	Interim	USX	3.20	30/12/2005	30/06/2006	20/09/2006	22/09/2006	12/10/2006	-
14 Mar 2006	Special	USX	70.00	31/12/2004	31/12/2005	10/05/2006	12/05/2006	15/06/2006	-
14 Mar 2006	Final	USX	24.00	31/12/2004	31/12/2005	10/05/2006	12/05/2006	15/06/2006	8.00
13 Sep 2005	Interim	USX	16.00	30/12/2004	30/06/2005	21/09/2005	23/09/2005	13/10/2005	-
15 Mar 2005	Special	USX	20.85	31/12/2003	31/12/2004	11/05/2005	13/05/2005	15/06/2005	-
15 Mar 2005	Final	USX	12.51	31/12/2003	31/12/2004	11/05/2005	13/05/2005	15/06/2005	4.16
07 Sep 2004	Interim	USX	8.26	30/12/2003	30/06/2004	15/09/2004	17/09/2004	08/10/2004	-
09 Mar 2004	Final	USX	12.84	31/12/2002	31/12/2003	12/05/2004	14/05/2004	10/06/2004	3.95
02 Sep 2003	Interim	USX	6.90	30/12/2002	30/06/2003	10/09/2003	12/09/2003	10/10/2003	-
11 Mar 2003	Final	USX	11.39	31/12/2001	31/12/2002	07/05/2003	09/05/2003	13/06/2003	3.58
03 Sep 2002	Interim	USX	6.53	30/12/2001	30/06/2002	11/09/2002	13/09/2002	11/10/2002	-
05 Mar 2002	Special	USX	6.99	31/12/2000	31/12/2001	08/05/2002	10/05/2002	14/06/2002	-
05 Mar 2002	Final	USX	10.31	31/12/2000	31/12/2001	08/05/2002	10/05/2002	14/06/2002	3.07
04 Sep 2001	Interim	USX	5.02	30/12/2000	30/06/2001	12/09/2001	14/09/2001	12/10/2001	-
06 Mar 2001	Final	USX	10.00	31/12/1999	31/12/2000	02/05/2001	04/05/2001	08/06/2001	2.65
05 Sep 2000	Interim	USX	3.25	30/12/1999	30/06/2000	11/09/2000	15/09/2000	13/10/2000	-
20 Mar 2000	Final	USX	5.75	31/12/1998	31/12/1999	08/05/2000	12/05/2000	09/06/2000	1.60
16 Sep 1999	Interim	USX	2.25	30/12/1998	30/06/1999	01/11/1999	05/11/1999	03/12/1999	-
16 Mar 1999	Final	USX	5.00	31/12/1997	31/12/1998	10/05/1999	14/05/1999	10/06/1999	1.45
24 Sep 1998	Interim	USX	2.25	30/12/1997	30/06/1998	02/11/1998	06/11/1998	04/12/1998	-
30 Mar 1998	Final	USX	4.75	31/12/1996	31/12/1997	26/05/1998	01/06/1998	18/06/1998	1.40

Antofagasta Fundamentals

Profit and Loss Account
	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)
turnover	4,733.10	100.00%	4,964.50	100.00%	5,129.30	100.00%	7,470.10	100.00%	m
pre tax profit	1,252.70	26.47%	1,349.20	27.18%	1,413.10	27.55%	3,477.10	46.55%	m
attributable profit	543.70	11.49%	501.40	10.10%	506.40	9.87%	1,290.20	17.27%	m
retained profit	76.80	1.62%	31.10	0.63%	375.30	7.32%	579.40	7.76%	m
eps - basic	55.10		50.90		51.30		130.90
eps - diluted	55.10		50.90		51.30		130.90
dividends per share	43.80		17.80		54.70		142.50

Antofagasta Balance Sheet

Balance Sheet
	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)


	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)
ASSETS
fixed assets	9,184.10	65.12%	9,556.70	65.41%	9,851.90	59.33%	10,538.50	60.99%	m
intangibles	150.10	1.06%	150.10	1.03%	150.10	0.90%	-	-%	m
fixed investments	1,064.20	7.55%	1,033.70	7.08%	929.70	5.60%	915.80	5.30%	m
current assets - other	863.20	6.12%	1,539.70	10.54%	2,426.00	14.61%	2,969.70	17.19%	m
stocks	749.00	5.31%	794.40	5.44%	592.70	3.57%	532.80	3.08%	m
debtors	1,057.50	7.50%	882.10	6.04%	1,407.10	8.47%	1,578.20	9.13%	m
cash & securities	1,034.40	7.33%	653.70	4.47%	1,246.80	7.51%	743.40	4.30%	m

TOTAL	14,102.50	100%	14,610.40	100%	16,604.30	100%	17,278.40	100%	m

LIABILITIES
creditors - short	1,307.10	9.27%	1,548.90	10.60%	1,625.70	9.79%	1,574.20	9.11%	m
creditors - long	3,357.30	23.81%	3,660.50	25.05%	4,897.50	29.50%	4,675.20	27.06%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	4,664.40	33.07%	5,209.40	35.66%	6,523.20	39.29%	6,249.40	36.17%	m

EQUITY
ord cap, reserves	7,359.40	52.19%	7,383.70	50.54%	7,750.60	46.68%	8,350.20	48.33%	m
prefs, minorities	2,078.70	14.74%	2,017.30	13.81%	2,330.50	14.04%	2,678.80	15.50%	m

TOTAL	9,438.10	66.93%	9,401.00	64.34%	10,081.10	60.71%	11,029.00	63.83%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Antofagasta Cash Flow Statement

%1$s Cash Flow Statement
	31 Dec 2018 (USD)	31 Dec 2019 (USD)	31 Dec 2020 (USD)	31 Dec 2021 (USD)
Operating CF	1,310.80	2,090.80	2,058.70	3,670.10	m
Pre-Financing CF	911.00	434.60	-128.80	1,466.80	m
Retained CF	-23.10	-375.00	588.30	1,246.80	m

Antofagasta Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC