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. In the quarter to June 2026, revenue grew 27.0%, EPS grew 49.2%, free cash flow grew 41.6% and total debt fell 25.3%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

92.82 1.25 +1.37%
Market cap
$46.2B
P/E
12.4×
Fwd P/E
8.7×
Dividend yield
4.87%
F-score
8/9
Altman Z
7.54
Beneish M
−2.87
Dividend safety
50/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
108.20 102.63 36.53 70.94 9.19 10.53 38.68 0.00 10.02 16.40
Piotroski F-Score
7 4 6 5 7 5 4 3 7 8
Altman Z-Score
0.60 0.64 0.94 1.53 2.44 2.06 1.89 1.42 2.89 7.54
P/S ratio
1.13 1.07 1.07 1.48 1.29 2.22 5.82 2.17 1.71 4.38
P/FCF ratio
11.22 10.64 7.13 10.44 4.90 14.52 0.00 0.00 11.19 13.62
Altman Z″-Score (non-manufacturers)
(0.51) (0.43) 0.06 (0.01) 2.46 2.11 1.82 0.84 5.01 6.80
Beneish M-Score
(2.92) (3.15) (3.11) (2.85) (2.98) (2.52) (3.52) (2.77) (2.37) (2.87)
P/Operating CF
11.86 11.25 10.16 13.75 8.43 181.82 174.81 19.01 14.39 26.73
Dividend Safety Score
— — — — — — — — — 50
P/B ratio
1.84 1.75 1.94 3.53 2.55 35.06 2.04 2.05 1.17 4.37
Price to Tangible BV
1.97 1.87 2.03 3.70 2.65 36.16 2.10 2.11 1.18 4.42
EV/Sales
1.69 1.63 1.42 1.75 1.39 2.23 6.41 2.52 1.81 4.29
EV/EBITDA
6.08 5.87 4.54 5.84 3.29 5.23 25.87 223.05 6.50 10.28
EV/Operating CF
5.95 5.74 4.69 7.17 4.01 6.58 13.48 9.19 5.32 8.88
EV/FCF
16.72 16.14 9.47 12.36 5.27 14.61 (17.11) (139.41) 11.80 13.34
Quick Ratio
0.65 0.63 0.73 0.44 1.67 1.80 1.55 1.12 1.35 2.15
Current Ratio
1.53 1.57 1.55 1.16 2.43 2.69 2.43 1.80 2.05 2.87
Net Debt/EBITDA
1.49 2.25 1.61 1.27 0.28 0.57 0.74 1.78 0.23 (0.16)
Debt/Assets
30.45% 31.42% 30.86% 29.62% 25.17% 23.86% 24.75% 27.39% 15.00% 13.56%
Debt/Equity
0.79 0.84 0.76 0.76 0.52 0.47 0.49 0.60 0.23 0.21
Asset Turnover
0.57 0.63 0.48 0.52 0.61 0.51 0.56 0.57 0.54 0.70
Operating CF/Net income
18.83 (5.22) 6.44 (87.25) 1.74 2.04 7.74 (4.13) 1.96 1.81
Capex/Depreciation
(0.87) (1.00) (1.01) (1.20) (1.23) (2.10) (2.41) (1.56) (1.43) (1.24)
ROE
2.41% (7.00%) 4.93% (0.45%) 29.71% 15.88% 5.70% (6.01%) 16.39% 28.61%
ROA
0.87% (2.66%) 1.92% (0.18%) 13.11% 7.94% 2.91% (2.90%) 9.38% 18.62%
ROIC
6.59% 1.06% 7.00% 9.22% 21.21% 10.50% 6.40% 0.50% 11.12% 28.58%
Return on Tangible Assets
1.39% (4.59%) 3.49% (0.42%) 22.38% 12.86% 4.26% (4.36%) 9.92% 22.84%
Average Days of Receivables
22.78 17.97 22.87 25.89 18.88 23.55 19.22 27.64 38.81 20.62
Research and Development Expense of Revenue
3.26% 2.53% 2.94% 3.18% 2.80% 4.07% 4.55% 5.54% 4.35% 2.70%
Selling, General and Administrative Expense of Revenue
1.49% 1.42% 2.28% 2.33% 1.54% 1.81% 1.76% 2.05% 2.04% 1.39%
Intangible Assets out of Total Assets
0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Graham Net Nets
(0.76) (0.80) (0.53) (0.30) (0.17) (0.01) (0.21) (0.29) (0.16) (0.01)
Graham Number
0.00 0.00 0.00 6.70 22.15 5.18 10.76 0.00 32.02 47.77
Earnings Yield
0.92% 0.97% 2.74% 1.41% 10.88% 9.50% 2.59% (1.82%) 9.98% 6.10%
Free Cash Flow Yield
8.92% 9.40% 14.02% 9.58% 20.41% 6.89% (6.43%) (0.83%) 8.93% 7.34%
Revenue per Share
9.90 10.86 8.00 8.43 10.56 9.60 10.71 10.88 13.47 19.46
Operating CF per Share
2.87 2.40 2.05 2.50 3.95 3.02 4.29 2.31 4.58 9.41
Capex per Share
(1.71) (1.98) (1.35) (1.67) (1.67) (2.39) (3.66) (2.44) (2.50) (3.13)
Free Cash Flow per Share
1.16 0.42 0.70 0.83 2.28 0.63 0.64 (0.14) 2.08 6.28
Cash per Share
0.58 0.58 0.88 1.19 3.27 2.81 2.70 2.37 3.36 5.76
Shareholders Equity per Share
6.68 6.51 6.46 6.40 8.93 9.75 9.70 8.88 19.79 19.51
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
6.68 6.51 6.46 6.40 8.93 9.75 9.70 8.88 19.79 19.51
Free Cash Flow
479.00 174.00 292.00 347.00 955.00 265.00 267.00 (57.00) 894.00 3,191.00
Working Capital
406.00 416.00 434.00 273.00 1,375.00 1,345.00 1,261.00 969.00 1,604.00 3,027.00
Capital Expenditures
(707.00) (823.00) (565.00) (700.00) (699.00) (1,003.00) (1,537.00) (1,028.00) (1,074.00) (1,593.00)
Net Current Asset Value
(3,233.00) (3,370.00) (2,722.00) (2,205.00) (1,598.00) (1,763.00) (1,793.00) (2,261.00) (1,583.00) (515.00)
EV/EBIT
20.09 19.40 20.25 42.19 34.16 13.75 12.10 223.05 6.50 10.28
Capex to Sales
0.17 0.18 0.17 0.20 0.16 0.25 0.34 0.22 0.19 0.16
Price to Operating Income
13.48 12.79 15.25 35.66 31.76 13.66 11.00 192.02 6.16 10.50
Other line items
Depreciation/Fixed assets
0.20 0.22 0.17 0.22 0.20 0.14 0.15 0.15 0.09 0.15
Cash ROIC
9.26% 3.34% 5.71% 6.66% 13.56% 3.69% 3.71% (0.82%) 7.49% 21.43%
Accounts Receivable Turnover
18.12 18.91 15.48 15.36 18.48 16.48 18.11 15.69 12.03 16.84
Accounts Payable Turnover
5.74 5.95 4.20 4.44 4.48 4.49 5.13 4.94 4.31 5.13
Inventory Turnover
4.92 5.50 3.87 4.08 3.98 3.98 4.57 4.44 3.96 4.71
Average Days of Payables
69.20 62.50 83.84 81.61 84.20 82.66 72.20 79.26 93.75 72.75
Days of Inventory on Hand
75.61 66.91 92.03 88.01 98.43 89.81 83.67 85.12 103.35 78.20
Average Receivables
225.50 238.50 215.50 229.50 239.50 244.50 248.50 292.00 481.50 587.50
Average Payables
565.50 626.50 616.00 590.00 606.50 637.00 657.00 719.50 864.50 979.00
Average Inventory
659.00 677.50 667.50 642.00 682.50 718.00 738.00 801.00 942.00 1,065.50
Average Assets
7,218.50 7,186.00 6,931.00 6,753.00 7,267.50 7,836.00 8,006.50 8,094.00 10,702.50 14,154.00
Average Common Equity
2,610.50 2,729.00 2,699.00 2,685.00 3,208.00 3,917.00 4,084.50 3,907.50 6,126.50 9,214.50

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