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AngloGold Ashanti PLC

AU Basic Materials Gold

AngloGold Ashanti PLC’s revenue for fiscal 2025 (year ended December 2025) was $9.9 billion, up 70.8% from fiscal 2024.

Revenue
+27.0%
EPS
+49.2%
Free cash flow
+41.6%
Total debt
−25.3%

Quarter to June 2026, against a year earlier

89.08 1.17 +1.33%
Market cap
$44.7B
P/E
11.9×
Fwd P/E
10.0×
Dividend yield
5.07%
F-score
8/9
Altman Z
7.54
Beneish M
−2.87
Dividend safety
50/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.04
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 0.93%

Capital & Financial Ratios $m

Size
Market Cap 44,720.00
Revenue ttm 11,825.00
Net income ttm 4,276.00
Free cash flow ttm 4,328.00
Net debt Q (1,236.00)
Valuation
P/E 11.89
Forward P/E 9.97
Price / sales 3.83
Forward P/S Powerpack
Price / FCF 10.49
Price / book 4.22
Financial health
Current ratio Q 2.71 (at or above 1.5: strong)
Debt / equity Q 0.15 (at or below 0.5: strong)
Interest coverage Q (7.31)
Growth
Revenue growth Q +26.95% (above 0%: growing)
Operating income growth Q +53.76% (above 0%: growing)
EPS, this year +61.53% (at or above 15%: strong)
EPS, next year A +2.20%
Revenue, next year A −11.32% (below 0%: weak)
EPS, past 5 yrs +17.99% (at or above 15%: strong)
EPS, next 5 yrs A +23.11% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.7×, against a ten-year median of 2.2×; over the ten years it ranged from 1.2× in 2021 to 7.3× in 2023.
P/E against its own 10 years 13.94%
10-year low 10-year high
P/S against its own 10 years 79.50%
10-year low 10-year high
P/B against its own 10 years 77.85%
10-year low 10-year high
EV/Sales against its own 10 years 76.93%
10-year low 10-year high
EV/FCF against its own 10 years 19.63%
10-year low 10-year high

Dividends raised 2 years running

Yield
5.07%
Annual rate
4.52
Payout ratio
60.6%
Growth, 2017–25
+49.9%/yr
  1. 0.10 ’17
  2. 0.06 ’18 −39
  3. 0.07 ’19 +13
  4. 0.11 ’20 +62
  5. 0.54 ’21 +391
  6. 0.44 ’22 −19
  7. 0.21 ’23 −51
  8. 0.41 ’24 +92
  9. 2.53 ’25 +516
  10. 2.59 ’26e +2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 998 1,445 2,928 2,807
Receivables 347 616 559 617
Inventory 829 1,055 1,076 1,063
Other — 18 84 40
2,174 3,134 4,647 4,527
2023 2024 2025 Q'26
Payables 772 957 1,001 1,048
ST’ Debt 207 83 19 12
Other 80 109 141 142
1,205 1,530 1,620 1,672

Compound Annual Growth %

10y 5y 3y
Sales 9.44% 17.45% 30.02%
Cash Flow 15.43% 23.67% 38.42%
Earnings 55.94% 22.57% 124.49%
Book Value 14.93% 21.53% 34.50%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 2.04 Actual 1.98

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 1.34 1.32 Miss by 0.02
Dec 2025 1.90 1.90 Met by 0.00
Mar 2026 2.21 2.52 Beat by 0.31
Jun 2026 2.04 1.98 Miss by 0.06
Sep 2026 1.70 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 2.51 1.96 — — —
’25 0.88 1.32 1.31 1.68 5.19
’24 0.14 0.60 0.53 1.03 2.33
’23 0.16 0.00 (0.53) 0.03 (0.56)
’22 0.44 0.04 — 0.00 0.60
’21 0.48 0.88 — 0.58 1.48
’20 0.40 0.97 — 1.40 2.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,236 3,104 — — —
’25 1,963 2,445 2,417 3,068 9,893
’24 1,171 1,381 1,491 1,750 5,793
’23 1,028 115 1,140 1,256 4,582
’22 1,052 132 — 138 4,501
’21 979 137 — 129 4,029
’20 905 1,885 — 2,728 4,427
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,709 1,432 — — —
’25 725 1,018 1,419 1,622 4,784
’24 252 420 606 690 1,968
’23 94 199 274 404 971
’22 533 60 — 48 1,804
’21 149 31 — 48 1,268
’20 219 518 — 1,119 1,654
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,281 946 — — —
’25 422 668 1,077 1,024 3,191
’24 13 170 339 372 894
’23 (132) (22) 18 79 (57)
’22 (45) (161) — 48 267
’21 (49) (198) — 48 265
’20 49 381 — 1,119 955
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,085 4,510 3,336 3,525 4,427 4,029 4,501 4,582 5,793 9,893 11,825 +10.3% 8,773 9,428 10,156 +0.9%
Gross margin, % 20.59 17.38 22.48 25.65 38.60 29.09 25.08 22.41 35.68 49.24 54.81 +28.7 pt
EBT 269 (63) 445 619 1,589 958 472 63 1,672 4,276 6,110 +36.0%
EBT margin, % 6.59 (1.40) 13.34 17.56 35.89 23.78 10.49 1.37 28.86 43.22 51.67 +36.6 pt
Net income 269 (63) 445 619 1,589 958 472 63 1,672 4,276 4,276 +36.0%
Per share, $
Per share, $ Revenue 9.90 10.86 8.00 8.43 10.56 9.60 10.71 10.88 13.47 19.46 23.25 +7.8%
Earnings 0.15 (0.46) 0.32 (0.03) 2.27 1.48 0.60 (0.56) 2.33 5.19 7.49 +48.3%
Cash flow 2.87 2.40 2.05 2.50 3.95 3.02 4.29 2.31 4.58 9.41 12.15 +14.1%
Capex (1.71) (1.98) (1.35) (1.67) (1.67) (2.39) (3.66) (2.44) (2.50) (3.13) (3.65) +6.9%
Free cash flow 1.16 0.42 0.70 0.83 2.28 0.63 0.64 (0.14) 2.08 6.28 8.51 +20.6%
Book value 6.68 6.51 6.46 6.40 8.93 9.75 9.70 8.88 19.79 19.51 21.12 +12.7%
Shares, m 413 415 417 418 419 420 420 421 430 508 508 +2.3%
Valuation, ×
Valuation, × P/E 108.20 102.63 36.53 70.94 9.19 10.53 38.68 0.00 10.02 16.40 11.89 40.3
P/S 1.13 1.07 1.07 1.48 1.29 2.22 5.82 2.17 1.71 4.38 3.83 2.2
P/B 1.84 1.75 1.94 3.53 2.55 35.06 2.04 2.05 1.17 4.37 4.22 5.6
EV/Sales 1.69 1.63 1.42 1.75 1.39 2.23 6.41 2.52 1.81 4.29 3.73 2.5
EV/FCF 16.72 16.14 9.47 12.36 5.27 14.61 (17.11) (139.41) 11.80 13.34 10.20 (5.7)
Cash, $m
Cash, $m Operating cash flow 1,186 997 857 1,047 1,654 1,268 1,804 971 1,968 4,784 6,182 +16.8%
Capex (707) (823) (565) (700) (699) (1,003) (1,537) (1,028) (1,074) (1,593) (1,854) +9.4%
Free cash flow 479 174 292 347 955 265 267 (57) 894 3,191 4,328 +23.5%
Balance, $m
Balance, $m Working capital 406 416 434 273 1,375 1,345 1,261 969 1,604 3,027 2,855 +25.0%
Net debt 1,939 2,028 1,684 1,534 559 729 848 1,241 539 (884) (1,236) n/m
Shareholders’ equity 2,754 2,704 2,694 2,676 3,740 4,094 4,075 3,740 8,513 9,916 10,740 +15.3%
Returns, %
Returns, % ROA 0.87 (2.66) 1.92 (0.18) 13.11 7.94 2.91 (2.90) 9.38 18.62 25.65 +17.8 pt
ROIC 6.59 1.06 7.00 9.22 21.21 10.50 6.40 0.50 11.12 28.58 37.78 +22.0 pt
ROE 2.41 (7.00) 4.93 (0.45) 29.71 15.88 5.70 (6.01) 16.39 28.61 38.01 +26.2 pt
People
People Employees 52,649 51,480 44,249 34,263 36,952 30,561 32,594 12,227 12,634 38,243 — (3.5%)
Revenue/emp, $m 0.08 0.09 0.08 0.10 0.12 0.13 0.14 0.37 0.46 0.26 — +14.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

AngloGold Ashanti PLC vs peers in Gold (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NEM Newmont Corporation $124.4B 13.9× 11.4× +15.19% (above 0%: growing) +41.32% (above 0%: growing) +13.41% (above 0%: growing) 66.32% 49.71% Compare
WPM Wheaton Precious Metals Corp. $60.2B 29.3× 25.4× +84.65% (above 0%: growing) +87.50% (above 0%: growing) −5,847.95% (below 0%: shrinking) 74.03% 71.79% Compare
FNV Franco-Nevada Corporation $48.4B 32.9× 29.0× +57.26% (above 0%: growing) +43.75% (above 0%: growing) +143.18% (above 0%: growing) 77.64% 76.73% Compare
AU AngloGold Ashanti PLC $44.7B 11.9× 10.0× +26.95% (above 0%: growing) +49.24% (above 0%: growing) +41.62% (above 0%: growing) 54.86% 50.77%
GFI Gold Fields Limited $33.5B 22.5× 7.2× +8.27% (above 0%: growing) n/m +754.13% (above 0%: growing) 37.73% 0.00% Compare
RGLD Royal Gold, Inc. $22.1B 26.4× 19.7× +84.38% (above 0%: growing) +39.58% (above 0%: growing) +97.96% (above 0%: growing) 86.59% 65.35% Compare
CDE Coeur Mining, Inc. $15.0B 15.8× 11.5× +77.37% (above 0%: growing) −73.81% (below 0%: shrinking) +104.47% (above 0%: growing) 0.00% 17.74% Compare
EQX Equinox Gold Corp. $13.2B 10.9× 9.3× +169.33% (above 0%: growing) +480.00% (above 0%: growing) −103.64% (below 0%: shrinking) 39.20% 32.14% Compare
HMY Harmony Gold Mining Company Limited $10.6B 52.0× 4.8× −3.10% (below 0%: shrinking) n/m +265.24% (above 0%: growing) 26.37% 0.00% Compare
Median of peers $27.8B 24.4× 11.5× +67.32% +42.54% +101.22% 52.76% 40.93%

All 46 Gold stocks →

AngloGold Ashanti PLC (AU) Latest News

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AU metrics, ten years each

stockrow.com/AU · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com