ANGLOGOLD ASHANTI PLC (AU)
US0351282068 - Common Stock
Taking everything into account, AU scores 4 out of 10 in our fundamental rating. AU was compared to 154 industry peers in the Metals & Mining industry. While AU is still in line with the averages on profitability rating, there are concerns on its financial health. AU has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year AU was profitable.
AU had a positive operating cash flow in the past year.
Of the past 5 years AU 4 years were profitable.
AU had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AU has a Return On Assets of 3.74%. This is in the better half of the industry: AU outperforms 67.32% of its industry peers.
Looking at the Return On Equity, with a value of 7.34%, AU is in the better half of the industry, outperforming 67.97% of the companies in the same industry.
AU has a Return On Invested Capital of 7.82%. This is in the better half of the industry: AU outperforms 76.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AU is in line with the industry average of 9.45%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.74% | ||
| ROE | 7.34% | ||
| ROIC | 7.82% |
ROA(3y)8.11%
ROA(5y)N/A
ROE(3y)16.41%
ROE(5y)N/A
ROIC(3y)9.94%
ROIC(5y)8.76%
1.3 Margins
Looking at the Profit Margin, with a value of 6.60%, AU is in the better half of the industry, outperforming 69.93% of the companies in the same industry.
AU has a better Operating Margin (18.66%) than 76.47% of its industry peers.
AU's Operating Margin has improved in the last couple of years.
AU has a better Gross Margin (25.31%) than 68.63% of its industry peers.
In the last couple of years the Gross Margin of AU has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.66% | ||
| PM | 6.6% | ||
| GM | 25.31% |
OM growth 3Y1.13%
OM growth 5Y9.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.59%
GM growth 5Y7.63%
2. Health
2.1 Basic Checks
AU has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AU has more shares outstanding
Compared to 5 years ago, AU has more shares outstanding
AU has a worse debt/assets ratio than last year.
2.2 Solvency
AU has an Altman-Z score of 1.58. This is a bad value and indicates that AU is not financially healthy and even has some risk of bankruptcy.
AU has a Altman-Z score of 1.58. This is in the lower half of the industry: AU underperforms 64.05% of its industry peers.
AU has a Debt/Equity ratio of 0.50. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.50, AU is not doing good in the industry: 78.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.58 |
ROIC/WACC0.63
WACC14.13%
2.3 Liquidity
A Current Ratio of 2.18 indicates that AU has no problem at all paying its short term obligations.
AU has a worse Current ratio (2.18) than 60.13% of its industry peers.
AU has a Quick Ratio of 1.24. This is a normal value and indicates that AU is financially healthy and should not expect problems in meeting its short term obligations.
AU has a Quick ratio of 1.24. This is in the lower half of the industry: AU underperforms 65.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.18 | ||
| Quick Ratio | 1.24 |
3. Growth
3.1 Past
The earnings per share for AU have decreased strongly by -52.34% in the last year.
AU shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.72%.
Measured over the past years, AU shows a decrease in Revenue. The Revenue has been decreasing by -0.04% on average per year.
EPS 1Y-52.34%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-86.61%
Revenue growth 1Y11.72%
Revenue growth 3Y8.49%
Revenue growth 5Y-0.04%
Revenue growth Q2Q1.44%
3.2 Future
AU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.47% yearly.
AU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.32% yearly.
EPS Next Y3.71%
EPS Next 2Y17.27%
EPS Next 3Y10.47%
EPS Next 5YN/A
Revenue Next Year5.3%
Revenue Next 2Y7.6%
Revenue Next 3Y6.32%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.00, AU is valued on the expensive side.
Based on the Price/Earnings ratio, AU is valued a bit cheaper than the industry average as 64.71% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.79, AU is valued at the same level.
AU is valuated reasonably with a Price/Forward Earnings ratio of 8.42.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AU indicates a somewhat cheap valuation: AU is cheaper than 77.78% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 18.89. AU is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23 | ||
| Fwd PE | 8.42 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AU does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of AU may justify a higher PE ratio.
PEG (NY)6.21
PEG (5Y)N/A
EPS Next 2Y17.27%
EPS Next 3Y10.47%
5. Dividend
5.1 Amount
AU has a Yearly Dividend Yield of 1.13%.
The stock price of AU dropped by -22.57% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
AU's Dividend Yield is a higher than the industry average which is at 3.41.
With a Dividend Yield of 1.13, AU pays less dividend than the S&P500 average, which is at 2.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
On average, the dividend of AU grows each year by 38.50%, which is quite nice.
AU has paid a dividend for at least 10 years, which is a reliable track record.
AU has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)38.5%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
AU pays out 70.71% of its income as dividend. This is not a sustainable payout ratio.
The dividend of AU is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP70.71%
EPS Next 2Y17.27%
EPS Next 3Y10.47%
ANGLOGOLD ASHANTI PLC
NYSE:AU (9/28/2023, 7:04:00 PM)
After market: 16.38 +0.05 (+0.31%)16.33
-0.29 (-1.74%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)08-04 2023-08-04
Earnings (Next)N/A N/A
Inst Owners23.2%
Inst Owner Change-5.11%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap6.85B
Analysts70
Price Target20.76 (27.13%)
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Dividend Growth(5Y)38.5%
DP70.71%
Div Incr Years4
Div Non Decr Years4
Ex-Date08-24 2023-08-24 (0.036721)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
PT rev (1m)-10.06%
PT rev (3m)-6.54%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-14.05%
EPS NY rev (3m)-27.63%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.2%
Revenue NY rev (3m)-3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23 | ||
| Fwd PE | 8.42 | ||
| P/S | 1.52 | ||
| P/FCF | N/A | ||
| P/OCF | 6.2 | ||
| P/B | 1.69 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.71
EY4.35%
EPS(NY)1.94
Fwd EY11.87%
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)2.63
OCFY16.12%
SpS10.73
BVpS9.65
TBVpS9.4
PEG (NY)6.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.74% | ||
| ROE | 7.34% | ||
| ROCE | 11.85% | ||
| ROIC | 7.82% | ||
| ROICexc | 8.71% | ||
| ROICexgc | 8.85% | ||
| OM | 18.66% | ||
| PM | 6.6% | ||
| GM | 25.31% | ||
| FCFM | N/A |
ROA(3y)8.11%
ROA(5y)N/A
ROE(3y)16.41%
ROE(5y)N/A
ROIC(3y)9.94%
ROIC(5y)8.76%
ROICexc(3y)12.09%
ROICexc(5y)10.28%
ROICexgc(3y)12.35%
ROICexgc(5y)10.51%
ROCE(3y)15.06%
ROCE(5y)13.27%
ROICexcg growth 3Y0.16%
ROICexcg growth 5Y9.37%
ROICexc growth 3Y0.46%
ROICexc growth 5Y9.48%
OM growth 3Y1.13%
OM growth 5Y9.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.59%
GM growth 5Y7.63%
F-Score5
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 26.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.18 | ||
| Quick Ratio | 1.24 | ||
| Altman-Z | 1.58 |
F-Score5
WACC14.13%
ROIC/WACC0.63
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)25.32%
Cap/Sales(5y)23.09%
Profit Quality(3y)73.95%
Profit Quality(5y)N/A
Growth
EPS 1Y-52.34%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-86.61%
EPS Next Y3.71%
EPS Next 2Y17.27%
EPS Next 3Y10.47%
EPS Next 5YN/A
Revenue growth 1Y11.72%
Revenue growth 3Y8.49%
Revenue growth 5Y-0.04%
Revenue growth Q2Q1.44%
Revenue Next Year5.3%
Revenue Next 2Y7.6%
Revenue Next 3Y6.32%
Revenue Next 5YN/A
EBIT growth 1Y3.96%
EBIT growth 3Y9.72%
EBIT growth 5Y9.32%
EBIT Next Year88.03%
EBIT Next 3Y30.55%
EBIT Next 5YN/A
FCF growth 1Y-113.56%
FCF growth 3Y-9.03%
FCF growth 5Y9.17%
OCF growth 1Y-27.16%
OCF growth 3Y19.88%
OCF growth 5Y12.59%