AngloGold Ashanti
Market Cap
R168.8b
Last Updated
2020/10/25 16:44 UTC
Data Sources
Company Financials +
Executive Summary
AngloGold Ashanti Limited operates as a gold mining company. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 7.7% per year for the next 3 years
Snowflake Analysis
Solid track record with adequate balance sheet.
Similar Companies
Share Price & News
How has AngloGold Ashanti's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ANG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.0%
ANG
-4.9%
ZA Metals and Mining
1.9%
ZA Market
1 Year Return
24.4%
ANG
48.0%
ZA Metals and Mining
-7.9%
ZA Market
Return vs Industry: ANG underperformed the ZA Metals and Mining industry which returned 48% over the past year.
Return vs Market: ANG exceeded the ZA Market which returned -7.9% over the past year.
Shareholder returns
| ANG | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.0% | -4.9% | 1.9% |
| 30 Day | -7.6% | 5.2% | 7.6% |
| 90 Day | -35.6% | -12.0% | -1.8% |
| 1 Year | 25.1%24.4% | 53.4%48.0% | -2.1%-7.9% |
| 3 Year | 212.7%207.5% | 212.8%183.5% | 1.1%-19.8% |
| 5 Year | 253.1%243.9% | 383.0%313.5% | 17.9%-13.1% |
Price Volatility Vs. Market
How volatile is AngloGold Ashanti's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is AngloGold Ashanti undervalued compared to its fair value and its price relative to the market?
16.96x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ANG (ZAR404.84) is trading above our estimate of fair value (ZAR267.61)
Significantly Below Fair Value: ANG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ANG is poor value based on its PE Ratio (17x) compared to the ZA Metals and Mining industry average (14.7x).
PE vs Market: ANG is poor value based on its PE Ratio (17x) compared to the ZA market (11.8x).
Price to Earnings Growth Ratio
PEG Ratio: ANG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ANG is overvalued based on its PB Ratio (3.5x) compared to the ZA Metals and Mining industry average (0.9x).
Next Steps
Future Growth
How is AngloGold Ashanti forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-7.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ANG's earnings are forecast to decline over the next 3 years (-7.7% per year).
Earnings vs Market: ANG's earnings are forecast to decline over the next 3 years (-7.7% per year).
High Growth Earnings: ANG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ANG's revenue (3.3% per year) is forecast to grow slower than the ZA market (9.7% per year).
High Growth Revenue: ANG's revenue (3.3% 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 (18%).
Next Steps
Past Performance
How has AngloGold Ashanti performed over the past 5 years?
55.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ANG has high quality earnings.
Growing Profit Margin: ANG's current net profit margins (15.8%) are higher than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: ANG has become profitable over the past 5 years, growing earnings by 55.8% per year.
Accelerating Growth: ANG's earnings growth over the past year (97.6%) exceeds its 5-year average (55.8% per year).
Earnings vs Industry: ANG earnings growth over the past year (97.6%) underperformed the Metals and Mining industry 97.6%.
Return on Equity
High ROE: ANG's Return on Equity (20.6%) is considered high.
Next Steps
Financial Health
How is AngloGold Ashanti's financial position?
Financial Position Analysis
Short Term Liabilities: ANG's short term assets ($2.8B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: ANG's short term assets ($2.8B) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: ANG's debt to equity ratio (89.5%) is considered high.
Reducing Debt: ANG's debt to equity ratio has reduced from 137.4% to 89.5% over the past 5 years.
Debt Coverage: ANG's debt is well covered by operating cash flow (47.9%).
Interest Coverage: ANG's interest payments on its debt are well covered by EBIT (8.4x coverage).
Balance Sheet
Next Steps
Dividend
What is AngloGold Ashanti current dividend yield, its reliability and sustainability?
0.44%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ANG's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.52%).
High Dividend: ANG's dividend (0.44%) is low compared to the top 25% of dividend payers in the ZA market (9.91%).
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?
1.8yrs
Average management tenure
CEO
Kandimathie Christine Ramon (53 yo)
0.083
Tenure
US$73,631,000
Compensation
Ms. Kandimathie Christine Ramon, BCompt, BCompt (Hons), CA(SA), has been Interim CEO of AngloGold Ashanti Limited since September 1, 2020. Ms. Ramon had been the Chief Financial Officer of AngloGold Ashant ...
CEO Compensation Analysis
Compensation vs Market: Kandimathie's total compensation ($USD324.47K) is below average for companies of similar size in the ZA market ($USD3.03M).
Compensation vs Earnings: Kandimathie's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director & Interim CEO | 0.083yr | US$73.63m | 0.022% $ 37.2m | |
| Executive Vice President of Corporate Development & Strategy | 1.5yrs | US$47.55m | no data | |
| Executive Vice President of Group Human Resources | 3.75yrs | US$50.76m | 0% $ 0 | |
| Executive Vice President of Group Planning & Technical | 12.83yrs | US$68.49m | 0.061% $ 103.8m | |
| Chief Operating Officer of International | 4.75yrs | US$67.30m | 0.0066% $ 11.1m | |
| Executive Vice President of Corporate Affairs & Sustainability | 1.75yrs | US$31.64m | 0.00029% $ 489.4k | |
| Chief Operating Officer of Africa | 1.67yrs | US$37.06m | no data | |
| Interim Chief Financial Officer | 0.083yr | no data | no data | |
| Chief Accounting Officer | no data | no data | no data | |
| Executive VP | no data | no data | no data | |
| Senior Vice President of Strategic Technical Group | no data | no data | no data | |
| Managing Director of Navachab Gold Mine - Karibib | 14.08yrs | no data | no data |
1.8yrs
Average Tenure
53yo
Average Age
Experienced Management: ANG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Director & Interim CEO | 0.083yr | US$73.63m | 0.022% $ 37.2m | |
| Independent Non-Executive Director | 5.75yrs | US$230.25k | 0.0022% $ 3.8m | |
| Independent Non-Executive Director | 2yrs | US$216.50k | no data | |
| Lead Independent Director | 0.92yr | US$193.25k | no data | |
| Independent Non-Executive Director | 1.75yrs | US$230.50k | no data | |
| Independent Non-Executive Director | 1.33yrs | US$106.75k | no data | |
| Independent Non-Executive Chairman | 6.67yrs | US$386.75k | 0% $ 0 | |
| Independent Non-Executive Director | 5.75yrs | US$195.50k | 0.0042% $ 7.1m | |
| Independent Non-Executive Director | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 0.17yr | no data | no data |
1.9yrs
Average Tenure
60.5yo
Average Age
Experienced Board: ANG's board of directors are not considered experienced ( 1.9 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 only sold shares 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 company bio, 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: R168.753b
- Shares outstanding: 416.84m
- Website: https://www.anglogoldashanti.com
Number of Employees
Location
- AngloGold Ashanti Limited
- 76 Rahima Moosa Street
- Newtown
- Johannesburg
- Gauteng
- 2001
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AU | NYSE (New York Stock Exchange) | LVL1 ADR EACH REP 1COM ZAR0.25(BNY) | US | USD | Dec 1972 | |
| 0HFY | LSE (London Stock Exchange) | LVL1 ADR EACH REP 1COM ZAR0.25(BNY) | GB | USD | Dec 1972 | |
| AOD | DB (Deutsche Boerse AG) | LVL1 ADR EACH REP 1COM ZAR0.25(BNY) | DE | EUR | Dec 1972 | |
| AU | SWX (SIX Swiss Exchange) | LVL1 ADR EACH REP 1COM ZAR0.25(BNY) | CH | CHF | Dec 1972 | |
| AULG.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| AGA | GHSE (Ghana Stock Exchange) | Yes | Ordinary Shares | GH | GHS | Jan 1992 |
| ANG | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Jan 1992 |
| AOD1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| AODC | DB (Deutsche Boerse AG) | SHS CHESS UTS | DE | EUR | Nov 1999 | |
| AGG | ASX (Australian Securities Exchange) | SHS CHESS UTS | AU | AUD | Nov 1999 | |
| AGG | CHIA (Chi-X Australia) | SHS CHESS UTS | AU | AUD | Nov 1999 | |
| AADS | GHSE (Ghana Stock Exchange) | GDR (100 REPR 1 ORD SHS) | GH | GHS | Dec 2006 | |
| A1UA34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BRDR | BR | BRL | Oct 2020 |
Biography
AngloGold Ashanti Limited operates as a gold mining company. It also produces gold, silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and three projects in nine countries in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/25 16:44 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.