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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Anglo American 1st Half Revenue, Ebitda Beat Expectations -- Earnings Review

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07/30/2020 | 08:39am EDT

By Jaime Llinares Taboada

 

Anglo American PLC reported results for the first half of 2020 on Thursday. Here's what you need to know:

 

REVENUE: The FTSE 100 miner's revenue fell 16% to $12.47 billion for the first half from a year earlier, as lockdowns disrupted mining operations. However, this was above the market consensus of $10.65 billion, taken from the company's website and based on nine analysts' estimates.

 

EBITDA: Anglo American said its underlying earnings before interest, taxes, depreciation and amortization declined 39% to $3.35 billion in the six first months of the year. This was also above market expectations of $3.00 billion. A Citi analyst said that the beat was mainly driven by lower-than-expected costs, on the back of higher production and the devaluation of currencies at producing countries.

 

WHAT WE WATCHED:

-DIVIDEND: The miner reduced its first-half dividend to 28 cents from 62 cents, in line with its earnings-linked payout policy.

-DEBT: Anglo American reported net debt of $7.62 billion as at June 30, slightly higher than expected. The company said this was due to investments and temporary working capital build-up at its De Beers and platinum-group metals operations. It represents gearing of 21%, up from 13% on Dec. 31, 2019.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 


Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -0.85% 1787.6 Delayed Quote.-16.89%
PLATINUM 0.30% 852.556 Delayed Quote.-9.48%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED 0.00% 2.02 End-of-day quote.-50.49%
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Financials (USD)
Sales 2020 27 515 M - -
Net income 2020 2 464 M - -
Net Debt 2020 6 099 M - -
P/E ratio 2020 11,4x
Yield 2020 3,77%
Capitalization 28 816 M 28 763 M -
EV / Sales 2020 1,27x
EV / Sales 2021 1,13x
Nbr of Employees 60 000
Free-Float 40,7%
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Technical analysis trends ANGLO AMERICAN PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 30,42 $
Last Close Price 23,35 $
Spread / Highest target 54,0%
Spread / Average Target 30,3%
Spread / Lowest Target 0,44%
EPS Revisions
Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Anne L. Stevens Independent Non-Executive Director
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