# Anglo American plc (AAL.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Basic Materials / Metals & Mining. Price 4227p, market value 45.3 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Anglo American plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.3×**. Each dollar of revenue is priced at 1.3×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.4×**. Enterprise value is 7.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.3%** (5-yr avg 0.1%). Free cash flow equals 7.3% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 80.0%**. Anglo American plc keeps 80.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 7.6%**. 7.6% of revenue is left after running the business.
- **Net margin: -22.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -23.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 12.8%**. Return on all capital, debt included, is 12.8%.
- **Return on assets: -12.2%**. Each dollar of assets produces -12.2% of profit.

## Growth
- **Revenue growth (1 yr): -30.7%** (3-yr -18.6%/yr, 5-yr -5.8%/yr). Revenue fell 30.7% over the last year, against -5.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -47.4%**. Earnings per share fell 47.4%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -21.4%/yr**. Free cash flow has compounded at -21.4% a year over three years.

## Financial health
- **Debt to equity: 0.86**. Debt is 0.86 times equity, moderate leverage.
- **Net debt / EBITDA: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.7×**. Operating profit covers interest 5.7× over, a safe margin.
- **Current ratio: 1.98** (quick 1.54). Current assets cover the next year's liabilities 1.98 times.
- **Altman Z-score: 2.00**. A Z-score of 2.00 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 0.68%** (0p per share, trailing). Anglo American plc yields 0.68%, a modest yield more typical of a growth-oriented payer.
- **Dividend growth (5 yr): -18.6%/yr** (1-yr -67.4%). The dividend has not grown over five years.
- **Shareholder yield: 1.1%**. Dividends plus net buybacks return 1.1% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (16 analysts). 16 analysts cover Anglo American plc; the consensus is buy, with an average price target of 3934p (-7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 82.4%** (YTD 34.7%, 3-mo 7.2%). The shares are up 82.4% over twelve months including dividends.
- **From 52-week high: -2.2%** (82.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 1.77** (volatility 40%). Beta of 1.77 against the FTSE All-Share: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AAL.L · Page: https://foliofundamentals.com/stocks/aal.l

Not investment advice.