Antofagasta (FRA:FG1) EBIT: €3,032 Mil (TTM As of Dec. 2025)


FRA:FG1 Antofagasta PLC FRA:FG1
87 GF Score
Price €43.52
GF Value €28.46
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Antofagasta EBIT?

Antofagasta FRA:FG1 +3.94% 87 EBIT is €3,032 Mil as of Dec. 2025. GuruFocus rates FRA:FG1 with a GF Score™ of 87/100 and a GF Value™ of €28.46 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Antofagasta's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €1,859 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €3,032 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Antofagasta's annualized ROC % for the quarter that ended in Dec. 2025 was 14.20%. Antofagasta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 26.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Antofagasta's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.22%.


Antofagasta  (FRA:FG1) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Antofagasta's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=3615.152 * ( 1 - 35.95% )/( (15708.306 + 16895.793)/ 2 )
=2315.504856/16302.0495
=14.20 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20872.245 - 1195.073 - ( 3968.866 - max(0, 1564.935 - 5660.99+3968.866))
=15708.306

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=22561.314 - 1665.727 - ( 4192.969 - max(0, 2103.573 - 6103.367+4192.969))
=16895.793

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Antofagasta's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3718.486/( ( (12951.593 + max(492.283, 0)) + (14221.918 + max(-1.6219999999994, 0)) )/ 2 )
=3718.486/( ( 13443.876 + 14221.918 )/ 2 )
=3718.486/13832.897
=26.88 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(885.38 + 704.004 + 102.74) - (1195.073 + 0 + 4.7679999999998)
=492.283

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1028.558 + 644.001 + 12.64) - (1665.727 + 0 + 21.094)
=-1.6219999999994

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Antofagasta's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=3032.467/48777.271
=6.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Antofagasta EBIT Related Terms


Antofagasta EBIT Historical Data

* Premium members only.

The historical data trend for Antofagasta's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Antofagasta EBIT Chart

Antofagasta Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,138.83 2,505.75 1,913.69 2,294.01 3,014.88

Antofagasta Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,158.72 793.74 1,478.05 1,173.22 1,859.24

FRA:FG1 vs SCCO, FCX: EBIT Comparison

For the Copper subindustry, Antofagasta's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Antofagasta EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Antofagasta's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Antofagasta's EV-to-EBIT falls into.


FRA:FG1
87GF Score
Antofagasta PLC FRA:FG1
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Antofagasta EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €3,032 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €3,032 Mil mean?
Antofagasta (FRA:FG1) has a EBIT of €3,032 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Antofagasta.
Is Antofagasta's EBIT too high?
Antofagasta's current EBIT is €3,032 Mil. Overall, Antofagasta has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Antofagasta's EBIT compare to SCCO and FCX?
Antofagasta's EBIT of €3,032 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Metals & Mining company?
A good EBIT depends on the Metals & Mining industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Antofagasta. Antofagasta's current EBIT is €3,032 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antofagasta stock overvalued right now?
Based on GuruFocus' analysis, Antofagasta (FRA:FG1) is currently considered Significantly Overvalued. The stock's GF Value™ is €28.46, compared to a current price of €43.52 — trading 52.9% above its estimated fair value. The current EBIT is €3,032 Mil. Antofagasta's overall GF Score™ is 87/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Antofagasta (FRA:FG1), the current EBIT is €3,032 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Antofagasta (FRA:FG1) Overvalued in 2026?

Based on GuruFocus' analysis, Antofagasta stock appears to be overvalued. The current stock price of €43.52 is trading 52.9% above its estimated GF Value™ of €28.46. GuruFocus considers Antofagasta to be Significantly Overvalued.

Key valuation signals for FRA:FG1:

  • EBIT: €3,032 Mil
  • GF Value™: €28.46 vs. price of €43.52 (52.9% above fair value)
  • GF Score™: 87/100 with 8 warning signs

No single metric tells the full story. See the FRA:FG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Antofagasta Business Description

Address 103 Mount Street, London, GBR, W1K 2TJ
Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. Geographically, the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division.
87GF Score

Get the complete analysis for FRA:FG1

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€43.52
Price
€28.46
GF Value