- Antofagasta’s 2024 full-year revenue reached $6.61 billion, closely matching the estimate of $6.64 billion.
- The final dividend per share has been announced at 23.5 cents.
- Adjusted earnings per share (EPS) was 62.8 cents, slightly below the estimate of 67.3 cents, while the reported EPS was 84.1 cents.
- Earnings before interest, taxes, depreciation, and amortization (Ebitda) was recorded at $3.43 billion, surpassing the estimate of $3.39 billion.
- The Ebitda margin was 51.8%, slightly above the projected 51.6%.
- Pretax profit stood at $2.07 billion, exceeding the anticipated $1.77 billion.
- The company generated $3.28 billion in cash flow from operations, just under the expected $3.36 billion.
- Net debt at the end of the period was reported at $1.63 billion, lower than the estimate of $1.83 billion.
- For 2025, Antofagasta expects copper production to range between 660,000 and 700,000 tonnes, with increases in production at Centinela Concentrates.
- Cash costs before by-product credits in 2025 are projected to be between $2.25/lb and $2.45/lb, while net cash costs with by-product credits are expected to be between $1.45/lb and $1.65/lb.
- The company’s guidance assumes 12 months of normal operations at Zaldvar.
- A disciplined approach to capital allocation enables a balance of investments and shareholder returns, with total distributions for 2024 amounting to 50% of underlying earnings.
- Analyst recommendations include 6 buys, 9 holds, and 6 sells.
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A look at Antofagasta PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Antofagasta PLC, a company focused on copper mining in Chile, is assessed using Smartkarma’s Smart Scores to provide insights into its long-term outlook. With a Value score of 3, the company is deemed to be fairly valued in the market. Additionally, scoring a 3 in Growth and Resilience indicates a moderate potential for future growth and a stable operational performance. The Momentum score of 3 suggests that the company has consistent performance trends in the near term. However, the lower Dividend score of 2 implies a weaker dividend payout compared to its peers.
In summary, Antofagasta PLC is a copper mining company with a solid operational base in Chile and Peru. Smartkarma’s analysis highlights the company’s balanced outlook, with good potential for growth and resilience in the face of market challenges. While the valuation is considered fair, investors may need to consider the lower dividend payouts when evaluating the investment potential of Antofagasta PLC.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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