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ANG

AngloGold AshantiJSE:ANG Stock Report

Market Cap

R122.0b

7D

6.0%

1Y

-27.8%

Updated

22 Oct, 2021

Data

Company Financials +
ANG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

ANG Overview

AngloGold Ashanti Limited operates as a gold mining company.

AngloGold Ashanti Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AngloGold Ashanti
Historical stock prices
Current Share PriceR292.26
52 Week HighR213.56
52 Week LowR442.08
Beta0.13
1 Month Change27.15%
3 Month Change3.09%
1 Year Change-27.81%
3 Year Change100.08%
5 Year Change58.41%
Change since IPO209.27%

Recent News & Updates

Sep 27
We Think AngloGold Ashanti (JSE:ANG) Can Stay On Top Of Its Debt

We Think AngloGold Ashanti (JSE:ANG) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 12
Why The 20% Return On Capital At AngloGold Ashanti (JSE:ANG) Should Have Your Attention

Why The 20% Return On Capital At AngloGold Ashanti (JSE:ANG) Should Have Your Attention

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...

Shareholder Returns

ANGZA Metals and MiningZA Market
7D6.0%-0.8%-0.03%
1Y-27.8%4.0%19.0%

Return vs Industry: ANG underperformed the ZA Metals and Mining industry which returned -2% over the past year.

Return vs Market: ANG underperformed the ZA Market which returned 19% over the past year.

Price Volatility

Is ANG's price volatile compared to industry and market?
ANG volatility
ANG Beta0.13
Industry Beta1.15
Market Beta1

Stable Share Price: ANG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ANG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194426,000Alberto Calderonhttps://www.anglogoldashanti.com

AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre bars. The company operates ten operations and three projects in eight countries in South Africa, Continental Africa, the Americas, and Australia.

AngloGold Ashanti Fundamentals Summary

How do AngloGold Ashanti's earnings and revenue compare to its market cap?
ANG fundamental statistics
Market CapUS$8.25b
Earnings (TTM)US$926.00m
Revenue (TTM)US$4.43b

8.9x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANG income statement (TTM)
RevenueUS$4.43b
Cost of RevenueUS$2.81b
Gross ProfitUS$1.62b
ExpensesUS$696.00m
EarningsUS$926.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 08, 2021

Earnings per share (EPS)2.22
Gross Margin36.62%
Net Profit Margin20.91%
Debt/Equity Ratio49.9%

How did ANG perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is AngloGold Ashanti undervalued compared to its fair value and its price relative to the market?

25.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ANG (ZAR292.26) is trading below our estimate of fair value (ZAR394.18)

Significantly Below Fair Value: ANG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ANG is poor value based on its PE Ratio (8.9x) compared to the ZA Metals and Mining industry average (5.7x).

PE vs Market: ANG is good value based on its PE Ratio (8.9x) compared to the ZA market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: ANG is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: ANG is overvalued based on its PB Ratio (2.2x) compared to the ZA Metals and Mining industry average (1.2x).


Future Growth

How is AngloGold Ashanti forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANG's forecast earnings growth (7.5% per year) is below the savings rate (8.8%).

Earnings vs Market: ANG's earnings (7.5% per year) are forecast to grow slower than the ZA market (12.3% per year).

High Growth Earnings: ANG's earnings are forecast to grow, but not significantly.

Revenue vs Market: ANG's revenue (4.1% per year) is forecast to grow slower than the ZA market (6.4% per year).

High Growth Revenue: ANG's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ANG's Return on Equity is forecast to be low in 3 years time (13.3%).


Past Performance

How has AngloGold Ashanti performed over the past 5 years?

59.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANG has high quality earnings.

Growing Profit Margin: ANG's current net profit margins (20.9%) are higher than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: ANG's earnings have grown significantly by 59.3% per year over the past 5 years.

Accelerating Growth: ANG's earnings growth over the past year (50.1%) is below its 5-year average (59.3% per year).

Earnings vs Industry: ANG earnings growth over the past year (50.1%) underperformed the Metals and Mining industry 252.8%.


Return on Equity

High ROE: ANG's Return on Equity (24.5%) is considered high.


Financial Health

How is AngloGold Ashanti's financial position?


Financial Position Analysis

Short Term Liabilities: ANG's short term assets ($2.1B) exceed its short term liabilities ($879.0M).

Long Term Liabilities: ANG's short term assets ($2.1B) do not cover its long term liabilities ($2.9B).


Debt to Equity History and Analysis

Debt Level: ANG's debt to equity ratio (49.9%) is considered high.

Reducing Debt: ANG's debt to equity ratio has reduced from 99.2% to 49.9% over the past 5 years.

Debt Coverage: ANG's debt is well covered by operating cash flow (78.6%).

Interest Coverage: ANG's interest payments on its debt are well covered by EBIT (27.2x coverage).


Balance Sheet


Dividend

What is AngloGold Ashanti current dividend yield, its reliability and sustainability?

0.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ANG's dividend (0.58%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.14%).

High Dividend: ANG's dividend (0.58%) is low compared to the top 25% of dividend payers in the ZA market (7.7%).


Stability and Growth of Payments

Stable Dividend: ANG is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.

Growing Dividend: ANG is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ANG is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ANG's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Alberto Calderon

0.083

Tenure

Mr. Alberto Calderon serves as Director at AngloGold Ashanti Limited since 2021. Mr. Calderon holds a Ph.D. in Economics, a Master of Philosophy in Economics and a Master of Economics from Yale University,...


Leadership Team

Experienced Management: ANG's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: ANG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ANG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AngloGold Ashanti Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AngloGold Ashanti Limited
  • Ticker: ANG
  • Exchange: JSE
  • Founded: 1944
  • Industry: Gold
  • Sector: Materials
  • Market Cap: R121.982b
  • Shares outstanding: 417.38m
  • Website: https://www.anglogoldashanti.com

Number of Employees


Location

  • AngloGold Ashanti Limited
  • 76 Rahima Moosa Street
  • Newtown
  • Johannesburg
  • Gauteng
  • 2001
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 20:54
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.