Antofagasta holds the cleaner structural position, with profitability as the main driver and growth adding further support. Pennon still leads on growth and valuation, which keeps the comparison from looking entirely one-sided. On the market side, Antofagasta is in better shape — its trend is intact while Pennon's trend has broken down. That puts structure and market broadly in agreement — Antofagasta's lead looks more confirmed than conflicted.
The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.
Most of the separation is still concentrated in profitability. The overall score gap is 16 points in favour of Antofagasta plc.
These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.
This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.
The clearest structural overlap shows up in margin trend and revenue growth trajectory.
Scores reflect position relative to comparable companies with similar long-term financial trajectories.
Score differences across key dimensions.
Left means cheaper relative valuation. Higher means stronger structure.
Structure clearly favours Antofagasta plc, even though current pricing leans the other way.
Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.
The profitability lead is mainly driven by a 18.2-point operating margin advantage.
Pennon Group Plc still looks less cycle-sensitive — that keeps the result from looking completely one-sided.
Profitability settles the comparison, while pricing and growth keep the broader setup from looking fully aligned.
Break down the ANTO.L vs PNN.L comparison across all dimensions with the full interactive tool.
Explore how ANTO.L and PNN.L each compare against other companies in their peer groups.
Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.
AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.
Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.
Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.
Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.