AngloGold Ashanti Plc (AU) 10-Year Financial Performance & Capital Metrics

AU • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersGlobal Gold Majors

AboutAngloGold Ashanti Plc operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.Show more

Revenue $5.79B +26.4%
EBITDA $2.31B +86.9%
Net Income $1B +527.2%
EPS (Diluted) 2.33 +516.1%
Gross Margin 35.68% +59.2%
EBITDA Margin 39.79% +47.9%
Operating Margin 26.81% +113.6%
Net Margin 17.33% +437.9%
ROE 16.39% +372.5%
ROIC 16.14% +93.3%
Debt/Equity 0.25 -60.9%
Interest Coverage 9.65 +119.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.0% free cash flow margin
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.4%
✓Healthy 5Y average net margin of 10.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y1.58%

5Y10.45%

3Y12.87%

TTM37.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y17.81%

TTM189.08%

EPS CAGR

10Y-

5Y21.78%

3Y16.86%

TTM81.61%

ROCE

10Y Avg11.25%

5Y Avg14.14%

3Y Avg10.68%

Latest16.62%

Peer Comparison

Global Gold Majors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEMAgnico Eagle Mines Limited	100.62B	200.42	53.02	22.78%	32.68%	14.56%	2.11%	0.06
KGCKinross Gold Corporation	40.14B	33.25	43.18	21.44%	27.28%	21.71%	3.42%	0.21
AUAngloGold Ashanti Plc	49.76B	98.55	42.30	26.43%	9%	7.27%	1.75%	0.25
BBarrick Mining Corporation	83.76B	49.64	40.69	13.38%	24.53%	10.56%	1.57%	0.16
NEMNewmont Corporation	124.63B	114.21	39.93	57.6%	33.82%	21.51%	2.38%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.01B	4.22B	3.39B	3.34B	3.52B	4.59B	4.03B	4.5B	4.58B	5.79B
Revenue Growth %	-0.19%	0.05%	-0.2%	-0.02%	0.06%	0.3%	-0.12%	0.12%	0.02%	0.26%
Cost of Goods Sold+	3.28B	3.39B	2.6B	2.58B	2.62B	2.85B	2.86B	3.37B	3.56B	3.73B
COGS % of Revenue	0.82%	0.8%	0.77%	0.77%	0.74%	0.62%	0.71%	0.75%	0.78%	0.64%
Gross Profit+	732M	836M	793M	756M	904M	1.75B	1.17B	1.13B	1.03B	2.07B
Gross Margin %	0.18%	0.2%	0.23%	0.23%	0.26%	0.38%	0.29%	0.25%	0.22%	0.36%
Gross Profit Growth %	-0.27%	0.14%	-0.05%	-0.05%	0.2%	0.93%	-0.33%	-0.04%	-0.09%	1.01%
Operating Expenses+	285M	435M	336M	188M	283M	250M	237M	610M	452M	514M
OpEx % of Revenue	0.07%	0.1%	0.1%	0.06%	0.08%	0.05%	0.06%	0.14%	0.1%	0.09%
Selling, General & Admin	210M	194M	169M	174M	102M	85M	0	87M	99M	162M
SG&A % of Revenue	0.05%	0.05%	0.05%	0.05%	0.03%	0.02%	-	0.02%	0.02%	0.03%
Research & Development	18M	15M	11M	0	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	-	-	-	-	-	-	-
Other Operating Expenses	66M	-105M	-76M	-53M	181M	165M	237M	523M	353M	352M
Operating Income+	404M	544M	542M	493M	621M	1.5B	935M	519M	575M	1.55B
Operating Margin %	0.1%	0.13%	0.16%	0.15%	0.18%	0.33%	0.23%	0.12%	0.13%	0.27%
Operating Income Growth %	-0.46%	0.35%	-0%	-0.09%	0.26%	1.41%	-0.38%	-0.44%	0.11%	1.7%
EBITDA+	1.17B	1.35B	1.36B	1.07B	1.2B	2.07B	1.35B	1.16B	1.23B	2.31B
EBITDA Margin %	0.29%	0.32%	0.4%	0.32%	0.34%	0.45%	0.34%	0.26%	0.27%	0.4%
EBITDA Growth %	-0.22%	0.16%	0.01%	-0.21%	0.12%	0.72%	-0.35%	-0.14%	0.07%	0.87%
D&A (Non-Cash Add-back)	761M	809M	823M	582M	583M	575M	416M	637M	658M	752M
EBIT	404M	439M	542M	493M	787M	1.78B	811M	613M	214M	1.83B
Net Interest Income+	-217M	-158M	-127M	-160M	-129M	-111M	-58M	-64M	-4M	-7M
Interest Income	190M	132M	15M	123M	14M	27M	52M	77M	127M	154M
Interest Expense	22M	22M	142M	166M	143M	138M	110M	141M	131M	161M
Other Income/Expense	-80M	-226M	-138M	-45M	-2M	130M	14M	-47M	-512M	119M
Pretax Income+	257M	269M	328M	445M	619M	1.63B	949M	472M	63M	1.67B
Pretax Margin %	0.06%	0.06%	0.1%	0.13%	0.18%	0.35%	0.24%	0.1%	0.01%	0.29%
Income Tax+	211M	189M	163M	212M	250M	625M	311M	221M	285M	623M
Effective Tax Rate %	0.12%	0.23%	0.44%	0.49%	-0.01%	0.62%	0.65%	0.49%	-3.73%	0.6%
Net Income+	31M	63M	145M	216M	-7M	1.01B	614M	233M	-235M	1B
Net Margin %	0.01%	0.01%	0.04%	0.06%	-0%	0.22%	0.15%	0.05%	-0.05%	0.17%
Net Income Growth %	1.42%	1.03%	1.3%	0.49%	-1.03%	145.14%	-0.39%	-0.62%	-2.01%	5.27%
Net Income (Continuing)	46M	69M	165M	233M	369M	1B	638M	251M	-222M	1.05B
Discontinued Operations	0	0	0	0	-376M	7M	0	0	0	0
Minority Interest	37M	39M	41M	42M	36M	45M	54M	35M	29M	1.88B
EPS (Diluted)+	0.08	0.15	0.35	0.52	0.87	2.34	1.46	0.55	-0.56	2.33
EPS Growth %	1.42%	0.98%	1.33%	0.49%	0.67%	1.69%	-0.38%	-0.62%	-2.02%	5.16%
EPS (Basic)	0.08	0.15	0.35	0.52	0.87	2.35	1.46	0.55	-0.56	2.33
Diluted Shares Outstanding	409.61M	414.71M	415.44M	417.38M	418.35M	419.48M	420.06M	420.87M	421.11M	430.92M
Basic Shares Outstanding	409.61M	414.71M	415.44M	417.12M	418.35M	419.48M	420.06M	420.87M	419.64M	430.13M
Dividend Payout Ratio	0.16%	0.24%	0.27%	0.11%	-	0.05%	0.39%	0.87%	-	0.24%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.35B	1.17B	1.49B	1.23B	1.98B	2.33B	2.14B	2.15B	2.17B	3.15B
Cash & Short-Term Investments	485M	220M	212M	335M	466M	1.37B	1.15B	1.11B	964M	1.43B
Cash Only	484M	215M	205M	329M	456M	1.37B	1.15B	1.11B	964M	1.43B
Short-Term Investments	1M	5M	7M	6M	10M	0	0	0	0	0
Accounts Receivable	196M	255M	222M	209M	250M	173M	216M	179M	300M	571M
Days Sales Outstanding	17.82	22.04	23.87	22.87	25.89	13.74	19.57	14.52	23.9	35.98
Inventory	646M	672M	683M	652M	632M	733M	703M	773M	829M	1.05B
Days Inventory Outstanding	71.82	72.42	95.85	92.24	88.01	93.94	89.81	83.67	85.12	103.35
Other Current Assets	-14M	-66M	314M	-11M	573M	0	26M	27M	40M	38M
Total Non-Current Assets+	5.93B	5.99B	5.73B	5.42B	4.88B	5.34B	5.87B	5.87B	6B	10.01B
Property, Plant & Equipment	4.06B	4.11B	3.74B	3.38B	2.75B	3.03B	3.68B	4.36B	4.56B	8.63B
Fixed Asset Turnover	0.99x	1.03x	0.91x	0.99x	1.28x	1.52x	1.09x	1.03x	1.00x	0.67x
Goodwill	126M	126M	127M	116M	116M	126M	119M	105M	105M	95M
Intangible Assets	35M	19M	11M	7M	7M	5M	3M	1M	2M	3M
Long-Term Investments	1.56B	1.5B	1.58B	1.67B	1.66B	1.87B	1.76B	1.09B	600M	584M
Other Non-Current Assets	158M	223M	257M	243M	246M	304M	296M	281M	683M	680M
Total Assets+	7.28B	7.15B	7.22B	6.64B	6.86B	7.67B	8.01B	8.01B	8.18B	13.16B
Asset Turnover	0.55x	0.59x	0.47x	0.50x	0.51x	0.60x	0.50x	0.56x	0.56x	0.44x
Asset Growth %	-0.2%	-0.02%	0.01%	-0.08%	0.03%	0.12%	0.04%	0%	0.02%	0.61%
Total Current Liabilities+	707M	760M	855M	793M	1.71B	959M	827M	884M	1.21B	1.44B
Accounts Payable	306M	381M	358M	350M	365M	403M	406M	356M	432M	566M
Days Payables Outstanding	34.02	41.06	50.24	49.52	50.83	51.65	51.87	38.53	44.35	55.45
Short-Term Debt	100M	34M	38M	139M	734M	179M	51M	20M	216M	111M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	22M	29M	53M	224M	76M	87M	95M	129M
Current Ratio	1.91x	1.53x	1.75x	1.55x	1.16x	2.43x	2.59x	2.43x	1.80x	2.19x
Quick Ratio	1.00x	0.65x	0.95x	0.73x	0.79x	1.67x	1.74x	1.55x	1.12x	1.45x
Cash Conversion Cycle	55.62	53.4	69.48	65.59	63.07	56.03	57.51	59.65	64.66	83.88
Total Non-Current Liabilities+	4.11B	3.64B	3.79B	3.16B	2.75B	2.97B	3.08B	3.05B	3.23B	3.2B
Long-Term Debt	2.64B	2.14B	2.16B	1.91B	1.3B	1.79B	1.86B	1.97B	2.03B	1.9B
Capital Lease Obligations	0	0	0	0	126M	116M	124M	115M	98M	65M
Deferred Tax Liabilities	514M	496M	363M	315M	241M	246M	313M	300M	395M	519M
Other Non-Current Liabilities	959M	999M	1.19B	930M	1.08B	822M	784M	674M	705M	719M
Total Liabilities	4.82B	4.4B	4.51B	3.95B	4.19B	3.93B	3.91B	3.94B	4.43B	4.64B
Total Debt+	2.74B	2.18B	2.27B	2.05B	2.2B	2.08B	2.09B	2.17B	2.42B	2.15B
Net Debt	2.25B	1.96B	2.06B	1.72B	1.75B	712M	940M	1.06B	1.46B	728M
Debt / Equity	1.11x	0.79x	0.84x	0.76x	0.82x	0.56x	0.51x	0.53x	0.65x	0.25x
Debt / EBITDA	2.35x	1.61x	1.66x	1.91x	1.83x	1.01x	1.55x	1.88x	1.96x	0.93x
Net Debt / EBITDA	1.93x	1.45x	1.51x	1.60x	1.45x	0.34x	0.70x	0.92x	1.18x	0.32x
Interest Coverage	18.36x	24.73x	3.82x	2.97x	4.34x	10.85x	8.50x	3.68x	4.39x	9.65x
Total Equity+	2.47B	2.75B	2.7B	2.69B	2.68B	3.74B	4.1B	4.08B	3.74B	8.51B
Equity Growth %	-0.14%	0.12%	-0.02%	-0%	-0.01%	0.4%	0.1%	-0.01%	-0.08%	1.28%
Book Value per Share	6.02	6.64	6.51	6.45	6.40	8.92	9.76	9.68	8.88	19.76
Total Shareholders' Equity	2.43B	2.71B	2.66B	2.65B	2.64B	3.69B	4.05B	4.04B	3.71B	6.63B
Common Stock	16M	16M	16M	16M	17M	17M	0	0	420M	526M
Retained Earnings	0	0	0	0	0	-2.34B	0	-1.77B	-2.15B	-1.32B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-4.64B	-4.39B	-4.47B	-4.52B	-4.56B	-1.18B	4.05B	5.81B	5.44B	7.42B
Minority Interest	37M	39M	41M	42M	36M	45M	54M	35M	29M	1.88B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.14B	1.19B	997M	857M	927M	1.69B	1.22B	1.8B	971M	1.96B
Operating CF Margin %	0.28%	0.28%	0.29%	0.26%	0.26%	0.37%	0.3%	0.4%	0.21%	0.34%
Operating CF Growth %	-0.07%	0.04%	-0.16%	-0.14%	0.08%	0.83%	-0.28%	0.47%	-0.46%	1.02%
Net Income	-85M	63M	-191M	133M	364M	1.63B	622M	233M	-235M	1B
Depreciation & Amortization	761M	813M	712M	582M	602M	575M	477M	637M	681M	752M
Stock-Based Compensation	33M	37M	33M	35M	0	0	0	0	15M	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	223M	452M	596M	183M	126M	-272M	71M	1.07B	685M	458M
Working Capital Changes	207M	-179M	-153M	-76M	-165M	-238M	53M	-140M	-175M	-254M
Change in Receivables	108M	-131M	-86M	-74M	-138M	-163M	-49M	-152M	0	-182M
Change in Inventory	99M	-48M	-67M	-2M	-67M	-83M	58M	-54M	0	-78M
Change in Payables	0	103M	-3M	-46M	40M	8M	44M	66M	0	6M
Cash from Investing+	80M	-702M	-862M	-335M	-751M	-514M	-1.01B	-1.56B	-897M	-880M
Capital Expenditures	-664M	-711M	-675M	-575M	-703M	-740M	-1.03B	-1.54B	-1.04B	-1.09B
CapEx % of Revenue	0.17%	0.17%	0.2%	0.17%	0.2%	0.16%	0.26%	0.34%	0.23%	0.19%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	744M	9M	-187M	240M	-60M	196M	-15M	-1M	111M	5M
Cash from Financing+	-1.19B	-763M	-148M	-393M	-49M	-329M	-345M	-224M	-87M	-601M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5M	-15M	-39M	-24M	-27M	-47M	-240M	-203M	-107M	-244M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-319M	-202M	-157M	-155M	-67M	-151M	-72M	-92M	-123M	-102M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	475M	475M	322M	282M	224M	952M	196M	257M	-71M	870M
FCF Margin %	0.12%	0.11%	0.09%	0.08%	0.06%	0.21%	0.05%	0.06%	-0.02%	0.15%
FCF Growth %	0.26%	0%	-0.32%	-0.12%	-0.21%	3.25%	-0.79%	0.31%	-1.28%	13.25%
FCF per Share	1.16	1.15	0.78	0.68	0.54	2.27	0.47	0.61	-0.17	2.02
FCF Conversion (FCF/Net Income)	36.74x	18.83x	6.88x	3.97x	-132.43x	1.68x	1.99x	7.73x	-4.13x	1.95x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.16%	2.41%	5.31%	8%	-0.26%	31.45%	15.66%	5.7%	-6.01%	16.39%
Return on Invested Capital (ROIC)	5.59%	8.65%	8.57%	8.05%	10.54%	25.3%	14.77%	7.65%	8.35%	16.14%
Gross Margin	18.23%	19.8%	23.36%	22.66%	25.65%	38.02%	29.09%	25.08%	22.41%	35.68%
Net Margin	0.77%	1.49%	4.27%	6.47%	-0.2%	21.96%	15.24%	5.18%	-5.13%	17.33%
Debt / Equity	1.11x	0.79x	0.84x	0.76x	0.82x	0.56x	0.51x	0.53x	0.65x	0.25x
Interest Coverage	18.36x	24.73x	3.82x	2.97x	4.34x	10.85x	8.50x	3.68x	4.39x	9.65x
FCF Conversion	36.74x	18.83x	6.88x	3.97x	-132.43x	1.68x	1.99x	7.73x	-4.13x	1.95x
Revenue Growth	-18.92%	5.18%	-19.63%	-1.71%	5.67%	30.35%	-12.32%	11.72%	1.8%	26.43%

Revenue by Segment

	2011	2012	2017	2018	2019	2020	2021	2022	2023	2024
Spot Revenue	-	-	-	-	-	-	-	-	4.21B	5.36B
Spot Revenue Growth	-	-	-	-	-	-	-	-	-	27.20%
Significant Reconciling Items	780M	-	-	-	-	-	-	-	-	-
Significant Reconciling Items Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2011	2012	2017	2018	2019	2020	2021	2022	2023	2024
AUSTRALIA	-	-	-	-	851M	989M	890M	967M	-	-
AUSTRALIA Growth	-	-	-	-	-	16.22%	-10.01%	8.65%	-	-
TANZANIA, UNITED REPUBLIC OF	-	-	664M	715M	849M	1.13B	875M	920M	-	-
TANZANIA, UNITED REPUBLIC OF Growth	-	-	-	7.68%	18.74%	33.45%	-22.77%	5.14%	-	-
GHANA	-	-	-	-	-	536M	565M	874M	-	-
GHANA Growth	-	-	-	-	-	-	5.41%	54.69%	-	-
BRAZIL	-	-	705M	634M	679M	853M	749M	717M	-	-
BRAZIL Growth	-	-	-	-10.07%	7.10%	25.63%	-12.19%	-4.27%	-	-
GUINEA	-	-	489M	-	-	-	545M	591M	-	-
GUINEA Growth	-	-	-	-	-	-	-	8.44%	-	-
ARGENTINA	-	-	-	-	-	-	-	319M	-	-
ARGENTINA Growth	-	-	-	-	-	-	-	-	-	-
Continental Africa	-	2.62B	-	-	-	-	-	-	-	-
Continental Africa Growth	-	-	-	-	-	-	-	-	-	-
Americas	-	1.66B	-	-	-	-	-	-	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
Australasia	-	430M	-	-	-	-	-	-	-	-
Australasia Growth	-	-	-	-	-	-	-	-	-	-
South Africa	2.56B	-	-	-	-	-	-	-	-	-
South Africa Growth	-	-	-	-	-	-	-	-	-	-
Brazil	767M	-	-	-	-	-	-	-	-	-
Brazil Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AngloGold Ashanti Plc (AU) has a price-to-earnings (P/E) ratio of 42.3x. This suggests investors expect higher future growth.

Growth & Financials

AngloGold Ashanti Plc (AU) reported $7.50B in revenue for fiscal year 2024. This represents a 27% increase from $5.93B in 2011.

AngloGold Ashanti Plc (AU) grew revenue by 26.4% over the past year. This is strong growth.

Yes, AngloGold Ashanti Plc (AU) is profitable, generating $675.0M in net income for fiscal year 2024 (17.3% net margin).

Dividend & Returns

Yes, AngloGold Ashanti Plc (AU) pays a dividend with a yield of 0.57%. This makes it attractive for income-focused investors.

AngloGold Ashanti Plc (AU) has a return on equity (ROE) of 16.4%. This is reasonable for most industries.

AngloGold Ashanti Plc (AU) generated $1.12B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

AngloGold Ashanti Plc (AU) 10-Year Financial Performance & Capital Metrics

AU • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersGlobal Gold Majors

Revenue $5.79B +26.4%
EBITDA $2.31B +86.9%
Net Income $1B +527.2%
EPS (Diluted) 2.33 +516.1%
Gross Margin 35.68% +59.2%
EBITDA Margin 39.79% +47.9%
Operating Margin 26.81% +113.6%
Net Margin 17.33% +437.9%
ROE 16.39% +372.5%
ROIC 16.14% +93.3%
Debt/Equity 0.25 -60.9%
Interest Coverage 9.65 +119.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.0% free cash flow margin
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.4%
✓Healthy 5Y average net margin of 10.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y1.58%

5Y10.45%

3Y12.87%

TTM37.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y17.81%

TTM189.08%

EPS CAGR

10Y-

5Y21.78%

3Y16.86%

TTM81.61%

ROCE

10Y Avg11.25%

5Y Avg14.14%

3Y Avg10.68%

Latest16.62%

Peer Comparison

Global Gold Majors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AEMAgnico Eagle Mines Limited	100.62B	200.42	53.02	22.78%	32.68%	14.56%	2.11%	0.06
KGCKinross Gold Corporation	40.14B	33.25	43.18	21.44%	27.28%	21.71%	3.42%	0.21
AUAngloGold Ashanti Plc	49.76B	98.55	42.30	26.43%	9%	7.27%	1.75%	0.25
BBarrick Mining Corporation	83.76B	49.64	40.69	13.38%	24.53%	10.56%	1.57%	0.16
NEMNewmont Corporation	124.63B	114.21	39.93	57.6%	33.82%	21.51%	2.38%	0.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.01B	4.22B	3.39B	3.34B	3.52B	4.59B	4.03B	4.5B	4.58B	5.79B
Revenue Growth %	-0.19%	0.05%	-0.2%	-0.02%	0.06%	0.3%	-0.12%	0.12%	0.02%	0.26%
Cost of Goods Sold+	3.28B	3.39B	2.6B	2.58B	2.62B	2.85B	2.86B	3.37B	3.56B	3.73B
COGS % of Revenue	0.82%	0.8%	0.77%	0.77%	0.74%	0.62%	0.71%	0.75%	0.78%	0.64%
Gross Profit+	732M	836M	793M	756M	904M	1.75B	1.17B	1.13B	1.03B	2.07B
Gross Margin %	0.18%	0.2%	0.23%	0.23%	0.26%	0.38%	0.29%	0.25%	0.22%	0.36%
Gross Profit Growth %	-0.27%	0.14%	-0.05%	-0.05%	0.2%	0.93%	-0.33%	-0.04%	-0.09%	1.01%
Operating Expenses+	285M	435M	336M	188M	283M	250M	237M	610M	452M	514M
OpEx % of Revenue	0.07%	0.1%	0.1%	0.06%	0.08%	0.05%	0.06%	0.14%	0.1%	0.09%
Selling, General & Admin	210M	194M	169M	174M	102M	85M	0	87M	99M	162M
SG&A % of Revenue	0.05%	0.05%	0.05%	0.05%	0.03%	0.02%	-	0.02%	0.02%	0.03%
Research & Development	18M	15M	11M	0	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	-	-	-	-	-	-	-
Other Operating Expenses	66M	-105M	-76M	-53M	181M	165M	237M	523M	353M	352M
Operating Income+	404M	544M	542M	493M	621M	1.5B	935M	519M	575M	1.55B
Operating Margin %	0.1%	0.13%	0.16%	0.15%	0.18%	0.33%	0.23%	0.12%	0.13%	0.27%
Operating Income Growth %	-0.46%	0.35%	-0%	-0.09%	0.26%	1.41%	-0.38%	-0.44%	0.11%	1.7%
EBITDA+	1.17B	1.35B	1.36B	1.07B	1.2B	2.07B	1.35B	1.16B	1.23B	2.31B
EBITDA Margin %	0.29%	0.32%	0.4%	0.32%	0.34%	0.45%	0.34%	0.26%	0.27%	0.4%
EBITDA Growth %	-0.22%	0.16%	0.01%	-0.21%	0.12%	0.72%	-0.35%	-0.14%	0.07%	0.87%
D&A (Non-Cash Add-back)	761M	809M	823M	582M	583M	575M	416M	637M	658M	752M
EBIT	404M	439M	542M	493M	787M	1.78B	811M	613M	214M	1.83B
Net Interest Income+	-217M	-158M	-127M	-160M	-129M	-111M	-58M	-64M	-4M	-7M
Interest Income	190M	132M	15M	123M	14M	27M	52M	77M	127M	154M
Interest Expense	22M	22M	142M	166M	143M	138M	110M	141M	131M	161M
Other Income/Expense	-80M	-226M	-138M	-45M	-2M	130M	14M	-47M	-512M	119M
Pretax Income+	257M	269M	328M	445M	619M	1.63B	949M	472M	63M	1.67B
Pretax Margin %	0.06%	0.06%	0.1%	0.13%	0.18%	0.35%	0.24%	0.1%	0.01%	0.29%
Income Tax+	211M	189M	163M	212M	250M	625M	311M	221M	285M	623M
Effective Tax Rate %	0.12%	0.23%	0.44%	0.49%	-0.01%	0.62%	0.65%	0.49%	-3.73%	0.6%
Net Income+	31M	63M	145M	216M	-7M	1.01B	614M	233M	-235M	1B
Net Margin %	0.01%	0.01%	0.04%	0.06%	-0%	0.22%	0.15%	0.05%	-0.05%	0.17%
Net Income Growth %	1.42%	1.03%	1.3%	0.49%	-1.03%	145.14%	-0.39%	-0.62%	-2.01%	5.27%
Net Income (Continuing)	46M	69M	165M	233M	369M	1B	638M	251M	-222M	1.05B
Discontinued Operations	0	0	0	0	-376M	7M	0	0	0	0
Minority Interest	37M	39M	41M	42M	36M	45M	54M	35M	29M	1.88B
EPS (Diluted)+	0.08	0.15	0.35	0.52	0.87	2.34	1.46	0.55	-0.56	2.33
EPS Growth %	1.42%	0.98%	1.33%	0.49%	0.67%	1.69%	-0.38%	-0.62%	-2.02%	5.16%
EPS (Basic)	0.08	0.15	0.35	0.52	0.87	2.35	1.46	0.55	-0.56	2.33
Diluted Shares Outstanding	409.61M	414.71M	415.44M	417.38M	418.35M	419.48M	420.06M	420.87M	421.11M	430.92M
Basic Shares Outstanding	409.61M	414.71M	415.44M	417.12M	418.35M	419.48M	420.06M	420.87M	419.64M	430.13M
Dividend Payout Ratio	0.16%	0.24%	0.27%	0.11%	-	0.05%	0.39%	0.87%	-	0.24%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.35B	1.17B	1.49B	1.23B	1.98B	2.33B	2.14B	2.15B	2.17B	3.15B
Cash & Short-Term Investments	485M	220M	212M	335M	466M	1.37B	1.15B	1.11B	964M	1.43B
Cash Only	484M	215M	205M	329M	456M	1.37B	1.15B	1.11B	964M	1.43B
Short-Term Investments	1M	5M	7M	6M	10M	0	0	0	0	0
Accounts Receivable	196M	255M	222M	209M	250M	173M	216M	179M	300M	571M
Days Sales Outstanding	17.82	22.04	23.87	22.87	25.89	13.74	19.57	14.52	23.9	35.98
Inventory	646M	672M	683M	652M	632M	733M	703M	773M	829M	1.05B
Days Inventory Outstanding	71.82	72.42	95.85	92.24	88.01	93.94	89.81	83.67	85.12	103.35
Other Current Assets	-14M	-66M	314M	-11M	573M	0	26M	27M	40M	38M
Total Non-Current Assets+	5.93B	5.99B	5.73B	5.42B	4.88B	5.34B	5.87B	5.87B	6B	10.01B
Property, Plant & Equipment	4.06B	4.11B	3.74B	3.38B	2.75B	3.03B	3.68B	4.36B	4.56B	8.63B
Fixed Asset Turnover	0.99x	1.03x	0.91x	0.99x	1.28x	1.52x	1.09x	1.03x	1.00x	0.67x
Goodwill	126M	126M	127M	116M	116M	126M	119M	105M	105M	95M
Intangible Assets	35M	19M	11M	7M	7M	5M	3M	1M	2M	3M
Long-Term Investments	1.56B	1.5B	1.58B	1.67B	1.66B	1.87B	1.76B	1.09B	600M	584M
Other Non-Current Assets	158M	223M	257M	243M	246M	304M	296M	281M	683M	680M
Total Assets+	7.28B	7.15B	7.22B	6.64B	6.86B	7.67B	8.01B	8.01B	8.18B	13.16B
Asset Turnover	0.55x	0.59x	0.47x	0.50x	0.51x	0.60x	0.50x	0.56x	0.56x	0.44x
Asset Growth %	-0.2%	-0.02%	0.01%	-0.08%	0.03%	0.12%	0.04%	0%	0.02%	0.61%
Total Current Liabilities+	707M	760M	855M	793M	1.71B	959M	827M	884M	1.21B	1.44B
Accounts Payable	306M	381M	358M	350M	365M	403M	406M	356M	432M	566M
Days Payables Outstanding	34.02	41.06	50.24	49.52	50.83	51.65	51.87	38.53	44.35	55.45
Short-Term Debt	100M	34M	38M	139M	734M	179M	51M	20M	216M	111M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	0	22M	29M	53M	224M	76M	87M	95M	129M
Current Ratio	1.91x	1.53x	1.75x	1.55x	1.16x	2.43x	2.59x	2.43x	1.80x	2.19x
Quick Ratio	1.00x	0.65x	0.95x	0.73x	0.79x	1.67x	1.74x	1.55x	1.12x	1.45x
Cash Conversion Cycle	55.62	53.4	69.48	65.59	63.07	56.03	57.51	59.65	64.66	83.88
Total Non-Current Liabilities+	4.11B	3.64B	3.79B	3.16B	2.75B	2.97B	3.08B	3.05B	3.23B	3.2B
Long-Term Debt	2.64B	2.14B	2.16B	1.91B	1.3B	1.79B	1.86B	1.97B	2.03B	1.9B
Capital Lease Obligations	0	0	0	0	126M	116M	124M	115M	98M	65M
Deferred Tax Liabilities	514M	496M	363M	315M	241M	246M	313M	300M	395M	519M
Other Non-Current Liabilities	959M	999M	1.19B	930M	1.08B	822M	784M	674M	705M	719M
Total Liabilities	4.82B	4.4B	4.51B	3.95B	4.19B	3.93B	3.91B	3.94B	4.43B	4.64B
Total Debt+	2.74B	2.18B	2.27B	2.05B	2.2B	2.08B	2.09B	2.17B	2.42B	2.15B
Net Debt	2.25B	1.96B	2.06B	1.72B	1.75B	712M	940M	1.06B	1.46B	728M
Debt / Equity	1.11x	0.79x	0.84x	0.76x	0.82x	0.56x	0.51x	0.53x	0.65x	0.25x
Debt / EBITDA	2.35x	1.61x	1.66x	1.91x	1.83x	1.01x	1.55x	1.88x	1.96x	0.93x
Net Debt / EBITDA	1.93x	1.45x	1.51x	1.60x	1.45x	0.34x	0.70x	0.92x	1.18x	0.32x
Interest Coverage	18.36x	24.73x	3.82x	2.97x	4.34x	10.85x	8.50x	3.68x	4.39x	9.65x
Total Equity+	2.47B	2.75B	2.7B	2.69B	2.68B	3.74B	4.1B	4.08B	3.74B	8.51B
Equity Growth %	-0.14%	0.12%	-0.02%	-0%	-0.01%	0.4%	0.1%	-0.01%	-0.08%	1.28%
Book Value per Share	6.02	6.64	6.51	6.45	6.40	8.92	9.76	9.68	8.88	19.76
Total Shareholders' Equity	2.43B	2.71B	2.66B	2.65B	2.64B	3.69B	4.05B	4.04B	3.71B	6.63B
Common Stock	16M	16M	16M	16M	17M	17M	0	0	420M	526M
Retained Earnings	0	0	0	0	0	-2.34B	0	-1.77B	-2.15B	-1.32B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-4.64B	-4.39B	-4.47B	-4.52B	-4.56B	-1.18B	4.05B	5.81B	5.44B	7.42B
Minority Interest	37M	39M	41M	42M	36M	45M	54M	35M	29M	1.88B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.14B	1.19B	997M	857M	927M	1.69B	1.22B	1.8B	971M	1.96B
Operating CF Margin %	0.28%	0.28%	0.29%	0.26%	0.26%	0.37%	0.3%	0.4%	0.21%	0.34%
Operating CF Growth %	-0.07%	0.04%	-0.16%	-0.14%	0.08%	0.83%	-0.28%	0.47%	-0.46%	1.02%
Net Income	-85M	63M	-191M	133M	364M	1.63B	622M	233M	-235M	1B
Depreciation & Amortization	761M	813M	712M	582M	602M	575M	477M	637M	681M	752M
Stock-Based Compensation	33M	37M	33M	35M	0	0	0	0	15M	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	223M	452M	596M	183M	126M	-272M	71M	1.07B	685M	458M
Working Capital Changes	207M	-179M	-153M	-76M	-165M	-238M	53M	-140M	-175M	-254M
Change in Receivables	108M	-131M	-86M	-74M	-138M	-163M	-49M	-152M	0	-182M
Change in Inventory	99M	-48M	-67M	-2M	-67M	-83M	58M	-54M	0	-78M
Change in Payables	0	103M	-3M	-46M	40M	8M	44M	66M	0	6M
Cash from Investing+	80M	-702M	-862M	-335M	-751M	-514M	-1.01B	-1.56B	-897M	-880M
Capital Expenditures	-664M	-711M	-675M	-575M	-703M	-740M	-1.03B	-1.54B	-1.04B	-1.09B
CapEx % of Revenue	0.17%	0.17%	0.2%	0.17%	0.2%	0.16%	0.26%	0.34%	0.23%	0.19%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	744M	9M	-187M	240M	-60M	196M	-15M	-1M	111M	5M
Cash from Financing+	-1.19B	-763M	-148M	-393M	-49M	-329M	-345M	-224M	-87M	-601M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5M	-15M	-39M	-24M	-27M	-47M	-240M	-203M	-107M	-244M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-319M	-202M	-157M	-155M	-67M	-151M	-72M	-92M	-123M	-102M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	475M	475M	322M	282M	224M	952M	196M	257M	-71M	870M
FCF Margin %	0.12%	0.11%	0.09%	0.08%	0.06%	0.21%	0.05%	0.06%	-0.02%	0.15%
FCF Growth %	0.26%	0%	-0.32%	-0.12%	-0.21%	3.25%	-0.79%	0.31%	-1.28%	13.25%
FCF per Share	1.16	1.15	0.78	0.68	0.54	2.27	0.47	0.61	-0.17	2.02
FCF Conversion (FCF/Net Income)	36.74x	18.83x	6.88x	3.97x	-132.43x	1.68x	1.99x	7.73x	-4.13x	1.95x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.16%	2.41%	5.31%	8%	-0.26%	31.45%	15.66%	5.7%	-6.01%	16.39%
Return on Invested Capital (ROIC)	5.59%	8.65%	8.57%	8.05%	10.54%	25.3%	14.77%	7.65%	8.35%	16.14%
Gross Margin	18.23%	19.8%	23.36%	22.66%	25.65%	38.02%	29.09%	25.08%	22.41%	35.68%
Net Margin	0.77%	1.49%	4.27%	6.47%	-0.2%	21.96%	15.24%	5.18%	-5.13%	17.33%
Debt / Equity	1.11x	0.79x	0.84x	0.76x	0.82x	0.56x	0.51x	0.53x	0.65x	0.25x
Interest Coverage	18.36x	24.73x	3.82x	2.97x	4.34x	10.85x	8.50x	3.68x	4.39x	9.65x
FCF Conversion	36.74x	18.83x	6.88x	3.97x	-132.43x	1.68x	1.99x	7.73x	-4.13x	1.95x
Revenue Growth	-18.92%	5.18%	-19.63%	-1.71%	5.67%	30.35%	-12.32%	11.72%	1.8%	26.43%

Revenue by Segment

	2011	2012	2017	2018	2019	2020	2021	2022	2023	2024
Spot Revenue	-	-	-	-	-	-	-	-	4.21B	5.36B
Spot Revenue Growth	-	-	-	-	-	-	-	-	-	27.20%
Significant Reconciling Items	780M	-	-	-	-	-	-	-	-	-
Significant Reconciling Items Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2011	2012	2017	2018	2019	2020	2021	2022	2023	2024
AUSTRALIA	-	-	-	-	851M	989M	890M	967M	-	-
AUSTRALIA Growth	-	-	-	-	-	16.22%	-10.01%	8.65%	-	-
TANZANIA, UNITED REPUBLIC OF	-	-	664M	715M	849M	1.13B	875M	920M	-	-
TANZANIA, UNITED REPUBLIC OF Growth	-	-	-	7.68%	18.74%	33.45%	-22.77%	5.14%	-	-
GHANA	-	-	-	-	-	536M	565M	874M	-	-
GHANA Growth	-	-	-	-	-	-	5.41%	54.69%	-	-
BRAZIL	-	-	705M	634M	679M	853M	749M	717M	-	-
BRAZIL Growth	-	-	-	-10.07%	7.10%	25.63%	-12.19%	-4.27%	-	-
GUINEA	-	-	489M	-	-	-	545M	591M	-	-
GUINEA Growth	-	-	-	-	-	-	-	8.44%	-	-
ARGENTINA	-	-	-	-	-	-	-	319M	-	-
ARGENTINA Growth	-	-	-	-	-	-	-	-	-	-
Continental Africa	-	2.62B	-	-	-	-	-	-	-	-
Continental Africa Growth	-	-	-	-	-	-	-	-	-	-
Americas	-	1.66B	-	-	-	-	-	-	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
Australasia	-	430M	-	-	-	-	-	-	-	-
Australasia Growth	-	-	-	-	-	-	-	-	-	-
South Africa	2.56B	-	-	-	-	-	-	-	-	-
South Africa Growth	-	-	-	-	-	-	-	-	-	-
Brazil	767M	-	-	-	-	-	-	-	-	-
Brazil Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

AngloGold Ashanti Plc (AU) has a price-to-earnings (P/E) ratio of 42.3x. This suggests investors expect higher future growth.

Growth & Financials

AngloGold Ashanti Plc (AU) reported $7.50B in revenue for fiscal year 2024. This represents a 27% increase from $5.93B in 2011.

AngloGold Ashanti Plc (AU) grew revenue by 26.4% over the past year. This is strong growth.

Yes, AngloGold Ashanti Plc (AU) is profitable, generating $675.0M in net income for fiscal year 2024 (17.3% net margin).

Dividend & Returns

Yes, AngloGold Ashanti Plc (AU) pays a dividend with a yield of 0.57%. This makes it attractive for income-focused investors.

AngloGold Ashanti Plc (AU) has a return on equity (ROE) of 16.4%. This is reasonable for most industries.

AngloGold Ashanti Plc (AU) generated $1.12B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.