What is Antofagasta's P/E ratio?

Antofagasta trades at a P/E of 29.6x (price to trailing 12-month earnings).

What is Antofagasta's EV/EBITDA?

Antofagasta trades at 8.5x EV/EBITDA.

What is Antofagasta's P/B ratio?

Antofagasta trades at a P/B of 4.7x.

What is Antofagasta's dividend yield?

Antofagasta's trailing 12-month dividend yield is 1.6%.

What is Antofagasta's market capitalization?

Antofagasta's market cap is 49.0 bn USD.

Antofagasta (ANTO) Stock — Financials, Valuation & Dividends

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

Date	Period	Status	RevenueM USD	Operating profitM USD	D&AM USD	EBITDAM USD	Net profitM USD	Operating CFM USD	Capex + M&AM USD	AssetsM USD	EquityM USD	ROE (annualized)	Net debtM USD	Source
2026-06-30	H1 2026 (6M)	PARTIAL	4479.0 y/y 17.9% y/y 17.9%	1896.5 y/y 48.8% y/y 48.8%	733.5 y/y -14.5% y/y -14.5%	2630.0 y/y 23.3% y/y 23.3%	847.3 y/y 62.4% y/y 62.4%	2772.9	—	— y/y —	— y/y —	—	-1194.8	Link
2025-12-31	H2 2025 (6M)	OK	4820.9 y/y 30.3% y/y —	2127.8 y/y 104.6% y/y —	837.7 y/y 8.1% y/y —	2965.5 y/y 57.8% y/y —	807.3 y/y 60.2% y/y —	1259.6	-3684.5	26418.4 y/y 16.7%	10370.1 y/y 9.6%	—	4194.8	Yahoo Finance
2025-06-30	H1 2025 (6M)	PARTIAL	3799.4 y/y — y/y —	1274.8 y/y — y/y —	857.7 y/y — y/y —	2132.5 y/y — y/y —	521.6 y/y — y/y —	1812.0	—	— y/y —	— y/y —	—	≈ 3000.1	Link
2024-12-31	FY 2024 (12M)	OK	6613.4 y/y 4.6% y/y 4.6%	1662.7 y/y -8.1% y/y -8.1%	1568.2 y/y 29.5% y/y 29.5%	3230.9 y/y 7.0% y/y 7.0%	829.4 y/y -0.7% y/y -0.7%	2285.3	-2414.6	22634.9 y/y 15.2%	9462.2 y/y 5.7%	9.0%	3000.1	Yahoo Finance
2023-12-31	FY 2023 (12M)	OK	6324.5 y/y — y/y —	1808.5 y/y — y/y —	1211.3 y/y — y/y —	3019.8 y/y — y/y —	835.1 y/y — y/y —	2333.0	-2129.2	19647.2 y/y —	8951.9 y/y —	—	3207.3	Yahoo Finance

Net debt structure (leases included, IFRS 16) 2026-06-30

Net debt	-1 195
Short-term debt (incl. ST leases)	399
Long-term debt (incl. LT leases)	2 566
− Cash & equivalents	4 160

Net debt / LTM EBITDA: -0.2x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

Year-over-year change

Cash flow

FCF ($ mln)

Net debt / cash ($ mln)

Profit and cash

Profit is cash-backed

In a typical year of 2022–2025 operating cash flow came to 2.53x of reported net profit; after capex, -0.08x.

year	2022	2023	2024	2025
cash flow / profit	1.22x	2.79x	2.75x	2.31x
accruals, % of assets	-1.9%	-7.6%	-6.4%	-6.6%

Last twelve months (to 2026-06-30): 2.44x of profit came back as operating cash flow.

net debt / EBITDA 0.8x · capex 1.8x of depreciation

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Period	Copper production kt	C1 cash cost (copper) $/lb
H1 2026-06	285	1.22

Key-commodity price — Copper

Current 14 486spot vs LTM +18%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +24.3% ▲ +1.6 pp 1d

Main driver: Copper +18% vs LTM; revenue ×1.16 vs costs ×1.11; EBITDA 5 723→5 805; at 10.4× EV/EBITDA → +24%.

Product prices — moves vs the LTM average

Commodity	Share	Spot	LTM	3-yr	vs LTM, $	3y vs LTM
Copper (rev)	+83%	14 486.46	12 244.66	11 157.33	+18%	-9%
US Diesel Index (cost) (input cost) (cost)	-10%	6.38	4.22	4.19	+51%	-1%
Gold (rev)	+8%	4 174.70	4 246.02	3 348.41	-2%	-21%
Molybdenum (rev)	+5%	35.90	28.39	26.14	+26%	-8%
Electricity Spot (input cost) (cost)	-5%	117.40	77.89	62.56	+51%	-20%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue	9 300
LTM EBITDA	5 723
LTM cash costs (revenue − EBITDA)	3 577
2 · Revenue projection
Revenue multiplier — spot	×1.164 (+16%)
= Spot revenue	10 824
Revenue multiplier — 3y price	×0.905 (-9%)
= 3-year-price revenue	8 420
3 · Costs projection
Cost multiplier — spot	×1.111 (+11%)
= Spot cash costs	3 973
Cost multiplier — 3y price	×1.024 (+2%)
= 3-year-price cash costs	3 661
4 · EBITDA projection (revenue − costs)
= Spot EBITDA	6 851
= 3-year-price EBITDA	4 759
Conservative EBITDA = min(spot, avg)	5 805
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)	10.4x
Target EV = EV/EBITDA × conservative EBITDA	60 429
Net debt	-1 195
Target market cap = EV − net debt	61 624
Current market cap	49 580

Upside = target market cap ÷ current − 1 = +24.3%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

Period	Act. rev	Model rev	Δ rev	Act. EBITDA	Model EBITDA	Δ EBITDA
2023 FY	6 324	5 836	+8.4%	3 020	2 795	+8.0%
2024 FY	6 613	6 929	-4.6%	3 231	3 534	-8.6%
2025 FY	8 620	7 696	+12.0%	5 226	4 135	+26.4%

Revenue growth & acceleration

Growth accelerating ▲

Last-year revenue growth +30% vs +5% the year before — a +25.8 pp move. 3-year CAGR +14%.

revenue growth by year: 2023 +8% · 2024 +5% · 2025 +30%

The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 13.1x · target 75th pct (3y) 12.6x · LTM avg 10.4x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Peer comparison

Group: Copper mining. Each peer is shown as it trades and re-priced onto this company's market (global) by the ratio of our coverage medians.

Company	Market	Cap, $bn	EV/EBITDA	EV/EBITDA, adjusted
KGHM Polska Miedz	global	16.7	6.3x	6.3x
Sandfire Resources	Australia	7.0	7.9x	7.4x
Atalaya Mining	global	2.2	8.8x	8.8x
Hudbay Minerals	global	10.6	9.1x	9.1x
Lundin Mining	global	20.4	9.1x	9.1x
Amerigo Resources	global	1.0	9.4x	9.4x
Ero Copper	global	3.8	10.3x	10.3x
Freeport-McMoRan	global	100.3	11.8x	11.8x
Taseko Mines	global	3.2	12.2x	12.2x
First Quantum Minerals	global	22.5	15.7x	15.7x
Southern Copper	global	172.7	17.4x	17.4x
Group median			9.4x	9.4x
Group average			10.7x	10.7x
This company	global	48.7	8.5x	8.5x

Group median 9.4x as traded, 9.4x adjusted; this company 8.5x — a 9% discount.

Group average 10.7x as traded, 10.7x adjusted; against the average this company is at a 20% discount.

At the adjusted group median the market cap would be +11% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 22.4x, Russia 3.8x, South Africa 5.1x, Kazakhstan 6.6x, India 18.5x, Indonesia 4.8x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-01; the company's own is live.

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-09-03	22.7634 GBP	Ex-dividend: 22.7634 GBP per share	Paid	Yahoo Finance (ex-div)
2026-04-16	35.5766 GBP	Ex-dividend: 35.5766 GBP per share	Paid	Yahoo Finance (ex-div)
2025-09-04	12.2636 GBP	Ex-dividend: 12.2636 GBP per share	Paid	Yahoo Finance (ex-div)
2025-04-17	17.63 GBP	Ex-dividend: 17.63 GBP per share	Paid	Yahoo Finance (ex-div)
2024-09-05	6.0653 GBP	Ex-dividend: 6.0653 GBP per share	Paid	Yahoo Finance (ex-div)
2024-04-18	19.5165 GBP	Ex-dividend: 19.5165 GBP per share	Paid	Yahoo Finance (ex-div)
2023-08-31	9.3645 GBP	Ex-dividend: 9.3645 GBP per share	Paid	Yahoo Finance (ex-div)
2023-04-20	40.4162 GBP	Ex-dividend: 40.4162 GBP per share	Paid	Yahoo Finance (ex-div)
2022-09-01	7.9475 GBP	Ex-dividend: 7.9475 GBP per share	Paid	Yahoo Finance (ex-div)
2022-04-21	94.809 GBP	Ex-dividend: 94.809 GBP per share	Paid	Yahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Antofagasta — from primary filings.

Antofagasta USD

Price chart

Key metrics

Market

Growth

Multiples

Cash return

Value creation

Liquidity