Antofagasta plc (ANTO.L) stock analysis

In our weekly check, Antofagasta plc is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6.

About Antofagasta plc

Antofagasta plc is a Basic Materials company (Copper) based in the United Kingdom, listed on LSE as ANTO.L.

What our checks show for ANTO.L

Red flags

• The gross margin fell by 9.3 points, to 48.9%: costs are rising faster than prices.
• Free cash flow is negative (-4.4% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 51.7% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 79% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5 years.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin fell by 1.9 points over 5 years, to 15.4%: the company keeps less of each sale as profit.
• Earnings per share fell 4% a year over the last 3 years.
• Net profit fell 4% a year over the last 3 years.
• Beta 1.41: the stock usually moves more than the market, both up and down.

Strengths

• Operating profit covers interest 10.3 times over.
• Operating cash flow is 2.49x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 20.2% a year over the next years.
• Analysts expect the net margin to improve by 4.3 points from today's 15.4%.
• The dividend takes 30% of profit: there is a cushion.
• A large company: market value $40.19 billion.

Similar companies

TECK · FM.TO · LUN.TO · KGH.WA · FCX · SCCO

Questions

What grade does Antofagasta plc (ANTO.L) have?

In our weekly check, Antofagasta plc is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ANTO.L stock?

This week's biggest flags for Antofagasta plc: Gross margin falling, Weak free cash flow, Very volatile. In total 10 of 25 checks show a warning or a red flag.

What does Antofagasta plc do?

Antofagasta plc is a Basic Materials company (Copper) based in the United Kingdom, listed on LSE as ANTO.L.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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