Anglo American PLC
AAL: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 4,291.00 | Gzb | Brysqphn |
Retaining Anglo American's Fair Value Estimate at GBX 2,160; Shares Remain Undervalued
Business Strategy and Outlook
As China rebalances away from infrastructure and construction-led growth, Anglo American is likely better positioned than most diversified peers. The company has greater exposure to consumption-oriented commodities like platinum and diamonds, which should enjoy better demand growth than investment-oriented commodities like iron ore and copper that prospered most in the past decade.