Company Valuation: Antofagasta plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,868 18,358 21,090 19,624 43,508 47,520 - -
Change - 2.75% 14.88% -6.95% 121.71% 9.22% - -
Enterprise Value (EV) 1 17,327 19,244 22,250 21,253 46,257 51,461 51,175 49,222
Change - 11.06% 15.62% -4.48% 117.65% 11.25% -0.55% -3.82%
P/E 13.8x 12x 25.3x 23.7x 32.7x 25.7x 23.3x 19.8x
PBR 2.14x 2.13x 2.36x 2.07x 4.2x 4.14x 3.79x 3.39x
PEG - 0.6x -0.6x -33.46x 0.5x 0.7x 2.3x 1.1x
Capitalization / Revenue 2.39x 3.13x 3.33x 2.97x 5.05x 4.68x 4.31x 3.83x
EV / Revenue 2.32x 3.28x 3.52x 3.21x 5.37x 5.07x 4.65x 3.96x
EV / EBITDA 3.58x 6.57x 7.21x 6.2x 8.89x 7.68x 6.77x 5.73x
EV / EBIT 4.76x 11.4x 12.6x 13x 13.7x 10.5x 9.47x 8.06x
EV / FCF 9.16x -8,367x 109x -159x -75.5x 63.8x 22.8x 14.1x
FCF Yield 10.9% -0.01% 0.92% -0.63% -1.32% 1.57% 4.38% 7.08%
Dividend per Share 2 1.425 0.597 0.36 0.314 0.646 0.8415 0.8741 1.122
Rate of return 7.86% 3.21% 1.68% 1.58% 1.46% 1.75% 1.81% 2.33%
EPS 2 1.309 1.555 0.847 0.841 1.348 1.872 2.065 2.433
Distribution rate 109% 38.4% 42.5% 37.3% 47.9% 44.9% 42.3% 46.1%
Net sales 1 7,470 5,862 6,324 6,613 8,620 10,148 11,017 12,419
EBITDA 1 4,836 2,930 3,087 3,427 5,202 6,703 7,557 8,588
EBIT 1 3,639 1,682 1,769 1,637 3,374 4,882 5,403 6,106
Net income 1 1,290 1,533 835.1 829.4 1,329 1,931 2,055 2,431
Net Debt 1 -540.5 885.8 1,160 1,629 2,750 3,941 3,656 1,703
Reference price 2 18.12 18.62 21.39 19.91 44.13 48.20 48.20 48.20
Nbr of stocks (in thousands) 985,857 985,857 985,857 985,857 985,857 985,857 - -
Announcement Date 2/22/22 2/21/23 2/20/24 2/18/25 2/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.14x10.1x15.48x1.98% 171B
23.85x3.55x8.48x0.84% 102B
11.12x1.29x5.33x3.19% 51.17B
25.74x5.07x7.68x1.75% 47.52B
85.59x4.72x14.32x0.03% 26.32B
14.44x4.29x7.04x5.53% 24.07B
18.73x3.44x11.74x1.01% 21.02B
6.78x0.28x7.72x6.27% 18.58B
Average 26.55x 4.09x 9.72x 2.58% 57.67B
Weighted average by Cap. 25.59x 5.85x 11.02x 2.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield