` Comparison: OZL, ANTO - Alpha Spread

OZL
vs
ANTO

Over the past 12 months, OZL has underperformed ANTO, delivering a return of 0% compared to the ANTO's +66% growth.

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OZL
ANTO
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Valuation Comparison

OZL Intrinsic Value
Not Available
ANTO Intrinsic Value
2 720.24 GBX
Overvaluation 7%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
OZ Minerals Ltd
ASX:OZL
28.19 AUD
Antofagasta PLC
LSE:ANTO
2 921 GBX
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Valuation Scenario:
Bear Case
Base Case
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Growth Comparison

Growth Over Time
OZL, ANTO

OZL
ANTO
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
OZ Minerals Ltd
Revenue
Antofagasta PLC
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
OZL, ANTO

OZL
ANTO
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
OZ Minerals Ltd
ASX:OZL
Antofagasta PLC
LSE:ANTO
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What is Free Cash Flow?

Gross Margin

OZL
29.4%
ANTO
41.7%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

Operating Margin

OZL
17.9%
ANTO
30.4%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

Net Margin

OZL
10.8%
ANTO
14.6%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

FCF Margin

OZL
-15.3%
ANTO
-7.7%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

ROE

OZL
5.4%
ANTO
11.7%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

ROA

OZL
3.7%
ANTO
4.8%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

ROIC

OZL
4.4%
ANTO
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

ROCE

OZL
6.8%
ANTO
11.1%
LTM 3Y Avg 5Y Avg 10Y Avg
OZ Minerals Ltd
Antofagasta PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
OZL, ANTO

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Performance Gap
OZL, ANTO

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OZL
ANTO
Difference
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Performance By Year
OZL, ANTO

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OZL
ANTO
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