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Anglo American
(OTC:AAL)
Anglo American (AAL) vs. S&P 500 (SPY)
Anglo American Business Overview & Revenue Model
Anglo American Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 29.44B | 27.29B | 30.65B | 35.12B | 41.55B | 25.45B | Gross Profit |
| 11.87B | 27.29B | 15.04B | 21.82B | 28.30B | 15.91B | EBIT |
| 6.45B | -228.00M | 3.90B | 10.90B | 17.31B | 6.61B | EBITDA |
| 9.39B | 3.32B | 7.27B | 12.44B | 19.73B | 8.62B | Net Income Common Stockholders |
| -1.65B | -3.07B | 283.00M | 4.51B | 8.56B | 2.09B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.58B | 8.20B | 5.60B | 8.46B | 9.12B | 7.53B | Total Assets |
| 52.20B | 64.87B | 66.54B | 67.41B | 65.98B | 62.53B | Total Debt |
| 8.97B | 18.21B | 16.91B | 14.37B | 12.86B | 13.51B | Net Debt |
| 2.40B | 10.04B | 10.82B | 5.95B | 3.79B | 5.99B | Total Liabilities |
| 22.36B | 36.33B | 34.93B | 33.38B | 31.21B | 29.77B | Stockholders Equity |
| 23.60B | 20.76B | 25.06B | 27.36B | 27.82B | 25.82B |
| Cash Flow | Free Cash Flow | ||||
| 1.82B | 2.49B | 484.00M | 3.57B | 10.99B | 1.97B | Operating Cash Flow |
| 7.87B | 8.10B | 6.50B | 9.77B | 16.72B | 6.62B | Investing Cash Flow |
| -5.86B | -5.13B | -5.56B | -5.82B | -5.56B | -4.74B | Financing Cash Flow |
| -1.34B | -840.00M | -3.22B | -4.37B | -9.36B | -716.00M |
Anglo American Technical Analysis
Anglo American Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £80.98B | 8.54 | 20.80% | 7.11% | -3.39% | 11.60% | |
66 Neutral | £32.25B | 19.98 | 29.63% | 2.01% | 1.84% | -5.54% | |
56 Neutral | £30.16B | ― | -13.39% | 2.76% | -13.16% | -1091.54% | |
47 Neutral | $2.66B | -3.50 | -23.70% | 3.28% | 3.70% | -26.83% |
Anglo American Earnings Call Summary
Anglo American Corporate Events
Anglo American PLC has announced the publication of its Notice of the 2025 Annual General Meeting (AGM), scheduled for April 30, 2025, at The Mermaid London and virtually via the Lumi platform. The company has also released its Integrated Annual Report for the year ending December 31, 2024. This announcement is significant for shareholders as it outlines key dates and procedures for participation in the AGM, reflecting the company’s commitment to transparency and shareholder engagement.
Anglo American plc announced transactions involving its Ordinary Shares by Directors and Persons Discharging Managerial Responsibilities (PDMRs) under its Share Incentive Plan. This plan, approved by UK HM Revenue & Customs, allows employees to acquire shares through salary deductions, matched by the company. The transactions, involving key executives such as the Chief Executive and Finance Director, reflect ongoing efforts to align employee interests with company performance, potentially impacting shareholder value and market perception.
Anglo American Platinum’s Mogalakwena mine in South Africa has achieved an IRMA 50 level of performance in its first assessment against the Initiative for Responsible Mining Assurance’s (IRMA) standards. This milestone reflects the company’s commitment to sustainability and transparency in platinum group metals production. The achievement marks the completion of IRMA audits for all four of Anglo American Platinum’s mines, positioning the company as a leader in responsible mining practices. This accomplishment is expected to enhance trust among stakeholders, including shareholders and customers, by demonstrating an ethical value chain for its metals.
Anglo American Capital PLC announced the pricing and early acceptance results of its capped tender offers for certain U.S. dollar and Euro-denominated notes due between 2027 and 2029. The company increased the maximum tender amounts for both Pool 1 and Pool 2 notes to $500 million each, accepting notes based on priority levels and prorating where necessary. This financial maneuver is part of Anglo American’s strategy to manage its debt profile effectively, potentially impacting its financial stability and stakeholder interests.
Anglo American Capital plc announced the early participation results of its tender offers for certain U.S. Dollar and Euro-denominated notes due between 2027 and 2029. The company intends to increase the maximum tender amounts for both pools of notes, aiming for a total consideration of approximately $500 million for each pool. This strategic move is expected to optimize the company’s debt profile and enhance financial flexibility, potentially impacting stakeholders by improving the company’s financial stability.
Anglo American plc has announced that as of February 28, 2025, the company’s issued share capital comprises 1,337,577,913 ordinary shares, with no shares held in Treasury, resulting in the same number of total voting rights. This update is crucial for shareholders and others with notification obligations under the UK Financial Conduct Authority’s rules, as it affects the calculations for determining changes in their interests in the company.
Anglo American has published its 2024 Integrated Annual Report, Sustainability Report, Ore Reserves and Mineral Resources Report, and Tax and Economic Contribution Report. These documents are available on the company’s website and have been submitted to the Financial Conduct Authority’s National Storage Mechanism. The company has also announced that its 2025 Annual General Meeting will take place on April 30, 2025, with the notice to be published on March 24, 2025. This release underscores Anglo American’s commitment to transparency and regulatory compliance, potentially impacting its stakeholders by providing comprehensive insights into its operations and sustainability efforts.
Anglo American plc has announced a change in the voting rights held by Norges Bank, which has increased its stake in the company. As of February 24, 2025, Norges Bank holds 3.061710% of the voting rights, up from a previous 2.918070%. This change reflects a strategic adjustment in the bank’s investment in Anglo American, potentially impacting the company’s shareholder dynamics and market perception.
Anglo American plc announced the vesting of shares under its Bonus Share Plan, Long Term Incentive Plan, and Non-Cyclical Share Awards Plan for a director and PDMRs. The shares were released and partially sold to cover withholding taxes. The vesting percentages were determined based on performance conditions, with some shares not meeting the criteria and thus lapsing. The transactions reflect the company’s ongoing commitment to aligning executive compensation with performance, impacting stakeholders by demonstrating transparency and adherence to regulatory requirements.
Anglo American Capital plc has announced a capped tender offer for certain U.S. Dollar and Euro-denominated notes due between 2027 and 2029. This strategic move aims to manage the company’s gross debt portfolio by targeting near-dated maturities, thereby optimizing financial operations and potentially enhancing market positioning. The tender offer involves two separate pools of notes, each with a maximum tender amount of $475 million, and is part of the company’s proactive debt management strategy, which includes the cancellation and retirement of accepted notes.
Anglo American announced that De Beers Group and the Government of Botswana have signed new agreements for a 10-year Sales Agreement and a 25-year extension of the Mining Licences for Debswana, a joint venture operating diamond mines in Botswana. This partnership secures De Beers’ leadership position and provides long-term stability, supporting the recovery of the rough diamond market and marking a critical step towards De Beers’ future as an independent company.
Anglo American has signed a memorandum of understanding with Codelco to implement a joint mine plan for their adjacent Los Bronces and Andina copper mines in Chile. This collaboration aims to increase copper production with minimal additional capital, projecting a significant pre-tax value uplift of at least $5 billion. The partnership will form a new operating company to manage the joint mine plan, optimizing resources while allowing both companies to maintain separate ownership of their assets. This venture is expected to enhance Anglo American’s growth in copper production and contribute to the global transition towards a decarbonized economy, strengthening Chile’s position as a top copper supplier.
Anglo American reported strong operational performance and significant cost reductions in its 2024 financial results, despite facing challenges such as lower commodity prices and difficult diamond trading conditions. The company achieved a $1.3 billion cost saving ahead of schedule and maintained its EBITDA margin at 30%. It is strategically simplifying its portfolio by divesting its steelmaking coal and nickel businesses, expected to generate up to $5.3 billion in cash proceeds, and progressing with the demerger of Anglo American Platinum. Safety remains a priority, with the company recording its lowest-ever injury rate, although it mourns the loss of three employees. Anglo American focuses on growth through high-quality brownfield projects and aims to enhance shareholder value through strong cash generation.
Anglo American plc highlighted the financial results of its subsidiary, Kumba Iron Ore Limited, for the year ending 31 December 2024. Kumba reported an adjusted EBITDA of R28.1 billion, approximately $1.5 billion, contributing to Anglo American’s underlying EBITDA with an added adjustment, totaling around $1.6 billion. These results reflect Kumba’s financial health and its significant role in Anglo American’s overall portfolio, underscoring the importance of iron ore in the company’s revenue and market positioning.
Anglo American has agreed to sell its nickel business, which includes operations in Brazil and high-quality growth projects, to MMG Singapore Resources for up to $500 million. The sale is part of Anglo American’s strategy to simplify its portfolio and focus on copper, iron ore, and crop nutrients, aiming to generate significant cash proceeds and enhance its market positioning. The transaction, expected to complete by Q3 2025, is seen as beneficial for shareholders and stakeholders, with MMG set to expand its presence in Latin America.
Anglo American has announced its progress in the demerger of Anglo American Platinum, the world’s leading producer of PGMs, with the demerger expected to be completed in June. The company will seek shareholder approval during its April 2025 AGM and plans to retain a 19.9% shareholding initially, with no board representation post-demerger. This strategic move aligns with Anglo American’s portfolio simplification and growth strategy, positioning it to focus on its core assets. The demerger is part of broader structural changes that include exiting the steelmaking coal, nickel, and diamond businesses.
Anglo American reported a solid operational performance for the fourth quarter of 2024, achieving its full-year production guidance across all its businesses. The company saw strong copper production from Quellaveco and record iron ore output from Minas-Rio. However, challenges in the diamond market led to a reduction in production guidance for 2025 and 2026. Anglo American is advancing its portfolio simplification strategy, including the sale of its Steelmaking Coal business and preparations to demerge the De Beers business. These strategic moves are expected to enhance operational efficiency and focus on higher-margin products, supporting the company’s growth and resilience.
Anglo American plc has announced that as of January 31, 2025, the company’s issued share capital consists of over 1.3 billion ordinary shares, with no shares held in Treasury. This declaration sets the total number of voting rights at the same figure, enabling shareholders to calculate their required disclosures under FCA rules. Notably, over 112 million shares are held by independent companies from an earlier share buyback program, which have waived their voting rights. This update aids in compliance with the UK’s Financial Conduct Authority’s disclosure requirements and maintains transparency for stakeholders.
Anglo American has successfully completed the sale of its 33.3% stake in the Jellinbah Group, a joint venture owning significant steelmaking coal mines in Australia, to Zashvin Pty Ltd for A$1.6 billion. This transaction marks a significant step in Anglo American’s strategic shift away from steelmaking coal, as it aims to simplify its portfolio and focus on high-margin, growth-oriented sectors like copper, iron ore, and crop nutrients. The sale strengthens the company’s balance sheet and aligns with its goal of creating a differentiated investment proposition, while also impacting its market positioning by signaling an exit from the coal industry.
Anglo American plc announced a change in its shareholder structure as The Capital Group Companies, Inc. reported crossing a threshold of 5.03% in voting rights. This shift in ownership signals a potential influence on the company’s governance and strategic direction, reflecting the investment firm’s confidence in Anglo American’s market positioning and future growth prospects.
Anglo American plc announced that as of December 31, 2024, the company’s issued share capital consisted of 1,337,577,913 ordinary shares, with no shares held in Treasury. This update is crucial for shareholders and others with notification obligations to determine their required notifications under the FCA’s Disclosure Guidance and Transparency Rules. Notably, certain shares are held by independent companies that have waived their voting rights, impacting the total number of voting shares.