ANGLOGOLD ASHANTI PLC (AU) Stock Fundamental Analysis
USA - NYSE:AU - GB00BRXH2664 - Common Stock
65.6 USD
-1.5 (-2.24%)
64.47 USD
-1.13 (-1.72%)
Taking everything into account, AU scores 8 out of 10 in our fundamental rating. AU was compared to 156 industry peers in the Metals & Mining industry. Both the health and profitability get an excellent rating, making AU a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on AU. With these ratings, AU could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
AU had positive earnings in the past year.
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 better Return On Assets (14.35%) than 94.87% of its industry peers.
AU has a Return On Equity of 27.35%. This is amongst the best in the industry. AU outperforms 96.79% of its industry peers.
AU's Return On Invested Capital of 19.74% is amongst the best of the industry. AU outperforms 96.79% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AU is below the industry average of 12.92%.
The last Return On Invested Capital (19.74%) for AU is above the 3 year average (9.08%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.35% | ||
| ROE | 27.35% | ||
| ROIC | 19.74% |
ROA(3y)2.55%
ROA(5y)5.64%
ROE(3y)4.86%
ROE(5y)11.27%
ROIC(3y)9.08%
ROIC(5y)10.81%
1.3 Margins
AU has a Profit Margin of 22.19%. This is amongst the best in the industry. AU outperforms 88.46% of its industry peers.
AU's Profit Margin has improved in the last couple of years.
The Operating Margin of AU (35.00%) is better than 87.18% of its industry peers.
In the last couple of years the Operating Margin of AU has grown nicely.
Looking at the Gross Margin, with a value of 42.65%, AU belongs to the top of the industry, outperforming 80.13% of the companies in the same industry.
AU's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35% | ||
| PM (TTM) | 22.19% | ||
| GM | 42.65% |
OM growth 3Y10.64%
OM growth 5Y9.21%
PM growth 3Y4.38%
PM growth 5YN/A
GM growth 3Y7.1%
GM growth 5Y6.76%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AU is creating value.
The number of shares outstanding for AU has been increased compared to 1 year ago.
Compared to 5 years ago, AU has more shares outstanding
Compared to 1 year ago, AU has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.26 indicates that AU is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 5.26, AU is doing good in the industry, outperforming 71.15% of the companies in the same industry.
AU has a debt to FCF ratio of 1.31. This is a very positive value and a sign of high solvency as it would only need 1.31 years to pay back of all of its debts.
AU's Debt to FCF ratio of 1.31 is amongst the best of the industry. AU outperforms 86.54% of its industry peers.
A Debt/Equity ratio of 0.29 indicates that AU is not too dependend on debt financing.
AU has a worse Debt to Equity ratio (0.29) than 61.54% of its industry peers.
Although AU does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.31 | ||
| Altman-Z | 5.26 |
ROIC/WACC1.9
WACC10.38%
2.3 Liquidity
A Current Ratio of 2.99 indicates that AU has no problem at all paying its short term obligations.
AU has a Current ratio of 2.99. This is in the better half of the industry: AU outperforms 60.90% of its industry peers.
AU has a Quick Ratio of 2.22. This indicates that AU is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.22, AU is in the better half of the industry, outperforming 63.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.99 | ||
| Quick Ratio | 2.22 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 517.47% over the past year.
Measured over the past years, AU shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.81% on average per year.
Looking at the last year, AU shows a very strong growth in Revenue. The Revenue has grown by 26.43%.
The Revenue has been growing by 10.45% on average over the past years. This is quite good.
EPS 1Y (TTM)517.47%
EPS 3Y16.81%
EPS 5YN/A
EPS Q2Q%120%
Revenue 1Y (TTM)26.43%
Revenue growth 3Y12.87%
Revenue growth 5Y10.45%
Sales Q2Q%77.05%
3.2 Future
AU is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.30% yearly.
Based on estimates for the next years, AU will show a quite strong growth in Revenue. The Revenue will grow by 8.28% on average per year.
EPS Next Y101.36%
EPS Next 2Y42.07%
EPS Next 3Y23.28%
EPS Next 5Y-1.3%
Revenue Next Year56.52%
Revenue Next 2Y24.9%
Revenue Next 3Y14.16%
Revenue Next 5Y8.28%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AU is valuated rather expensively with a Price/Earnings ratio of 18.74.
AU's Price/Earnings ratio is rather cheap when compared to the industry. AU is cheaper than 82.69% of the companies in the same industry.
When comparing the Price/Earnings ratio of AU to the average of the S&P500 Index (27.20), we can say AU is valued slightly cheaper.
A Price/Forward Earnings ratio of 12.53 indicates a correct valuation of AU.
74.36% of the companies in the same industry are more expensive than AU, based on the Price/Forward Earnings ratio.
AU's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.71.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.74 | ||
| Fwd PE | 12.53 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, AU is valued cheaper than 83.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.75 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of AU may justify a higher PE ratio.
AU's earnings are expected to grow with 23.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y42.07%
EPS Next 3Y23.28%
5. Dividend
5.1 Amount
AU has a Yearly Dividend Yield of 2.46%.
AU's Dividend Yield is rather good when compared to the industry average which is at 2.51. AU pays more dividend than 90.38% of the companies in the same industry.
AU's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
5.2 History
On average, the dividend of AU grows each year by 59.59%, which is quite nice.
AU has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of AU decreased recently.
Dividend Growth(5Y)59.59%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AU pays out 39.60% of its income as dividend. This is a sustainable payout ratio.
DP39.6%
EPS Next 2Y42.07%
EPS Next 3Y23.28%
65.6
-1.5 (-2.24%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners72.46%
Inst Owner Change-0.37%
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap33.11B
Analysts77.33
Price Target52.02 (-20.7%)
Short Float %1.77%
Short Ratio3.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
Yearly Dividend0.53
Dividend Growth(5Y)59.59%
DP39.6%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.93%
Min EPS beat(2)12.11%
Max EPS beat(2)13.75%
EPS beat(4)2
Avg EPS beat(4)-11.04%
Min EPS beat(4)-36.47%
Max EPS beat(4)13.75%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)3.03%
Min Revenue beat(2)2.47%
Max Revenue beat(2)3.59%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.79%
PT rev (3m)24.77%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)8.72%
EPS NY rev (1m)10.69%
EPS NY rev (3m)22.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)5.51%
Revenue NY rev (3m)8.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.74 | ||
| Fwd PE | 12.53 | ||
| P/S | 3.62 | ||
| P/FCF | 18.75 | ||
| P/OCF | 10.97 | ||
| P/B | 4.46 | ||
| P/tB | 4.53 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.5
EY5.34%
EPS(NY)5.24
Fwd EY7.98%
FCF(TTM)3.5
FCFY5.33%
OCF(TTM)5.98
OCFY9.12%
SpS18.11
BVpS14.69
TBVpS14.49
PEG (NY)0.18
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.35% | ||
| ROE | 27.35% | ||
| ROCE | 25.02% | ||
| ROIC | 19.74% | ||
| ROICexc | 23.4% | ||
| ROICexgc | 23.63% | ||
| OM | 35% | ||
| PM (TTM) | 22.19% | ||
| GM | 42.65% | ||
| FCFM | 19.32% |
ROA(3y)2.55%
ROA(5y)5.64%
ROE(3y)4.86%
ROE(5y)11.27%
ROIC(3y)9.08%
ROIC(5y)10.81%
ROICexc(3y)10.53%
ROICexc(5y)12.9%
ROICexgc(3y)10.68%
ROICexgc(5y)13.14%
ROCE(3y)11.51%
ROCE(5y)13.69%
ROICexcg growth 3Y3.99%
ROICexcg growth 5Y2.66%
ROICexc growth 3Y4.37%
ROICexc growth 5Y3.01%
OM growth 3Y10.64%
OM growth 5Y9.21%
PM growth 3Y4.38%
PM growth 5YN/A
GM growth 3Y7.1%
GM growth 5Y6.76%
F-Score8
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 1.31 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 13.71% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 87.08% | ||
| Current Ratio | 2.99 | ||
| Quick Ratio | 2.22 | ||
| Altman-Z | 5.26 |
F-Score8
WACC10.38%
ROIC/WACC1.9
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)25.29%
Cap/Sales(5y)23.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)517.47%
EPS 3Y16.81%
EPS 5YN/A
EPS Q2Q%120%
EPS Next Y101.36%
EPS Next 2Y42.07%
EPS Next 3Y23.28%
EPS Next 5Y-1.3%
Revenue 1Y (TTM)26.43%
Revenue growth 3Y12.87%
Revenue growth 5Y10.45%
Sales Q2Q%77.05%
Revenue Next Year56.52%
Revenue Next 2Y24.9%
Revenue Next 3Y14.16%
Revenue Next 5Y8.28%
EBIT growth 1Y167.11%
EBIT growth 3Y24.87%
EBIT growth 5Y20.62%
EBIT Next Year198.1%
EBIT Next 3Y40.08%
EBIT Next 5Y15.88%
FCF growth 1Y1978.72%
FCF growth 3Y54.09%
FCF growth 5Y20.61%
OCF growth 1Y173.21%
OCF growth 3Y15.78%
OCF growth 5Y13.45%