AngloGold Ashanti
Market Cap
R138.6b
Last Updated
2020/03/28 17:32 UTC
Data Sources
Company Financials +
Executive Summary
AngloGold Ashanti Limited operates as a gold mining company.
Rewards
Risk Analysis
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
26.6%
ANG
17.5%
ZA Metals and Mining
4.9%
ZA Market
1 Year Return
74.2%
ANG
19.9%
ZA Metals and Mining
-32.1%
ZA Market
Return vs Industry: ANG exceeded the ZA Metals and Mining industry which returned 28.5% over the past year.
Return vs Market: ANG exceeded the ZA Market which returned -27.8% over the past year.
Shareholder returns
| ANG | Industry | Market | |
|---|---|---|---|
| 7 Day | 26.6% | 17.5% | 4.9% |
| 30 Day | 2.8% | -21.9% | -23.0% |
| 90 Day | 8.1% | -23.3% | -29.1% |
| 1 Year | 75.2%74.2% | 26.1%19.9% | -22.9%-32.1% |
| 3 Year | 137.0%133.0% | 91.1%58.9% | -11.7%-28.0% |
| 5 Year | 196.7%189.0% | 105.3%68.1% | -8.7%-31.0% |
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?
45.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ANG (ZAR333.74) is trading below our estimate of fair value (ZAR613.3)
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 (21.8x) compared to the Metals and Mining industry average (18.7x).
PE vs Market: ANG is poor value based on its PE Ratio (21.8x) compared to the ZA market (8.1x).
Price to Earnings Growth Ratio
PEG Ratio: ANG is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: ANG is overvalued based on its PB Ratio (3x) compared to the ZA Metals and Mining industry average (0.8x).
Next Steps
Future Growth
How is AngloGold Ashanti forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
24.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ANG's forecast earnings growth (24.5% per year) is above the savings rate (8.6%).
Earnings vs Market: ANG's earnings (24.5% per year) are forecast to grow faster than the ZA market (16.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ANG's revenue (5.3% per year) is forecast to grow slower than the ZA market (8.6% per year).
High Growth Revenue: ANG's revenue (5.3% 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 (17.1%).
Next Steps
Past Performance
How has AngloGold Ashanti performed over the past 5 years?
40.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ANG has high quality earnings.
Growing Profit Margin: ANG's current net profit margins (10.3%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: ANG has become profitable over the past 5 years, growing earnings by 40.4% per year.
Accelerating Growth: ANG's earnings growth over the past year (173.7%) exceeds its 5-year average (40.4% per year).
Earnings vs Industry: ANG earnings growth over the past year (173.7%) exceeded the Metals and Mining industry -8.7%.
Return on Equity
High ROE: ANG's Return on Equity (13.8%) is considered low.
Next Steps
Financial Health
How is AngloGold Ashanti's financial position?
Financial Position Analysis
Short Term Liabilities: ANG's short term assets ($2.0B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: ANG's short term assets ($2.0B) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: ANG's debt to equity ratio (76%) is considered high.
Reducing Debt: ANG's debt to equity ratio has reduced from 127.7% to 76% over the past 5 years.
Balance Sheet
Inventory Level: ANG has a high level of physical assets or inventory.
Debt Coverage by Assets: ANG's debt is not covered by short term assets (assets are 1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ANG is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: ANG is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is AngloGold Ashanti's current dividend yield, its reliability and sustainability?
0.58%
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 (4.42%).
High Dividend: ANG's dividend (0.58%) is low compared to the top 25% of dividend payers in the ZA market (13.53%).
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?
4.8yrs
Average management tenure
CEO
Kelvin P. Dushnisky (55yo)
1.5s
Tenure
US$29,712,000
Compensation
Mr. Kelvin P. M. Dushnisky, B.Sc. (Hon.), M.Sc., LL.B., J.D. has been Chief Executive Officer and Executive Director at AngloGold Ashanti Ltd. since September 1, 2018. Mr. Dushnisky had been the President ...
CEO Compensation Analysis
Compensation vs Market: Kelvin P.'s total compensation ($USD1.69M) is below average for companies of similar size in the ZA market ($USD2.56M).
Compensation vs Earnings: Insufficient data to compare Kelvin P.'s compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.5yrs | US$29.71m | 0.022% $30.2m | |
| CFO & Executive Director | 5.42yrs | US$18.77m | 0.022% $30.7m | |
| Executive VP of Legal | 6.83yrs | US$13.70m | 0.0088% $12.2m | |
| Executive Vice President of Group Human Resources | 3.17yrs | US$12.67m | 0.0075% $10.3m | |
| Executive Vice President of Group Planning & Technical | 12.25yrs | US$30.53m | 0.062% $85.6m | |
| Chief Operating Officer of International | 4.17yrs | US$16.11m | 0.011% $15.2m | |
| Chief Accounting Officer | no data | no data | no data | |
| Executive Vice President of Corporate Development & Strategy | 0.92yr | no data | no data | |
| Senior Vice President of Strategic Technical Group | no data | no data | no data | |
| Managing Director of Navachab Gold Mine - Karibib | 13.5yrs | no data | no data |
4.8yrs
Average Tenure
54yo
Average Age
Experienced Management: ANG's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.5yrs | US$29.71m | 0.022% $30.2m | |
| CFO & Executive Director | 5.42yrs | US$18.77m | 0.022% $30.7m | |
| Independent Non-Executive Director | 5.17yrs | US$235.25k | 0.0022% $3.1m | |
| Independent Non-Executive Director | 1.42yrs | US$52.50k | no data | |
| Independent Non-Executive Director | 8.17yrs | US$260.75k | 0.0012% $1.7m | |
| Lead Independent Director | 0.33yr | US$229.50k | no data | |
| Independent Non-Executive Director | 1.17yrs | no data | no data | |
| Independent Chairman of the Board | 6.08yrs | US$441.00k | 0.00072% $997.9k | |
| Independent Non-Executive Director | 8.42yrs | US$197.50k | no data | |
| Independent Non-Executive Director | 5.17yrs | US$200.00k | 0.0042% $5.8m |
5.2yrs
Average Tenure
60.5yo
Average Age
Experienced Board: ANG's board of directors are considered experienced (5.2 years average tenure).
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 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: R138.603b
- Shares outstanding: 415.30m
- 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) | SPONSORED ADR | US | USD | Dec 1972 | |
| AOD | DB (Deutsche Boerse AG) | SPONSORED ADR | DE | EUR | Dec 1972 | |
| AU | SWX (SIX Swiss Exchange) | SPONSORED ADR | 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 |
Biography
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 17:32 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| 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.