Frontierby eninvs

Language: EN · RU

← Region

AngloGold Ashanti USD

Update

Sector: Gold mining

ZA_ANG

Price chart

84.05 USDDay -0.71%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
84.05 USD · -0.71%
Market cap
42.7 bn USD

Growth

Δ revenue y/y
64.8%
Δ EBITDA y/y
142.8%

Multiples

P/E (LTM)
9.3x
3y avg: 14.1x
P/B (FY)
5.3x
P/E (ann.)
8.3x
EV/EBITDA (LTM)
4.8x
3y avg: 6.5x
EV/EBITDA (ann.)
5.1x

Cash return

Dividend yield
5.5%
FCF yield (LTM)
3.8%

Value creation

to fair market cap at the 3-yr-average EV/EBITDA
Upside (potential)
-29.2%
↓ details

Liquidity

Daily turnover (listing)
217.2 mln USD

Shares: yahoo_fundamentals_timeseries/AU

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK3236.0
y/y 64.8%
1814.0
y/y 142.8%
225.0
y/y 878.3%
2039.0
y/y 164.8%
1281.0
y/y 189.2%
1709.0-428.015705.0
y/y 17.3%
8535.0
y/y 26.0%
61.6%-1075.0Link
2025-12-31Q4 2025 (3M)OK7476.0
y/y —
3243.0
y/y —
1175.0
y/y —
4418.0
y/y —
1967.0
y/y —
3365.0-1107.015078.0
y/y 14.0%
8091.0
y/y 22.1%
33.4%-838.0Link
2025-09-30Q3 2025 (3M)PARTIAL2417.0
y/y —
1026.0
y/y —
112.0
y/y —
1138.0
y/y —
669.0
y/y —
1419.0-342.014836.0
y/y —
7690.0
y/y —
11.8%-411.0Link
2025-06-30Q2 2025 (3M)PARTIAL2445.0
y/y —
999.0
y/y —
91.0
y/y —
1090.0
y/y —
669.0
y/y —
1018.0-350.014129.0
y/y —
7416.0
y/y —
37.7%117.0Link
2025-03-31Q1 2025 (3M)PARTIAL1963.0
y/y —
747.0
y/y —
23.0
y/y —
770.0
y/y —
443.0
y/y —
725.0-303.013391.0
y/y —
6774.0
y/y —
26.4%556.0Link
2024-12-31FY 2024 (12M)OK5793.0
y/y 26.4%
1553.0
y/y 170.6%
752.0
y/y 14.3%
2305.0
y/y 87.1%
1004.0
y/y —
1968.0-1090.013230.0
y/y 60.2%
6629.0
y/y 78.6%
19.4%587.0Link
2023-12-31FY 2023 (12M)OK4582.0
y/y —
574.0
y/y —
658.0
y/y —
1232.0
y/y —
-235.0
y/y —
971.0-1042.08257.0
y/y —
3711.0
y/y —
—1284.0Link
Data quality — review suggested

Production & Reserves

Physical operating metrics — supplementary, not part of the financial statements

Gold

Proved reserves
29.83 mln oz eq.
2021
Annual production
1.24 mln ounces
2023

Production, mln ounces

1.5820202.4720211.9720221.242023

Proved reserves

YearReserves, mln oz eq.
202129.83
202029.67

Production

YearProduction, mln ouncesper day
20231.24
−37.3%		3 386
20221.97
−20.3%		5 400
20212.47
+56.7%		6 773
20201.584 323

EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%50%100%150%2023 FY2024 FY2025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

05001 0001 5002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-1 500-1 000-50005001 0001 5002023 FY2024 FY2025 q12025 q22025 q32025 q42026 q1

Key-commodity price — Gold

Current 4 126spot vs LTM -3%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -24.3%

Main driver: Gold -3% vs LTM; revenue ×0.97 vs costs ×1.04; EBITDA 7 047→5 294; at 5.9× EV/EBITDA → -24%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Gold (rev)+100%4 126.454 246.023 157.77-3%-26%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue11 166
LTM EBITDA7 047
LTM cash costs (revenue − EBITDA)4 119
2 · Revenue projection
Revenue multiplier — spot×0.972 (-3%)
= Spot revenue10 852
Revenue multiplier — 3y price×0.744 (-26%)
= 3-year-price revenue8 304
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs4 284
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs4 284
4 · EBITDA projection (revenue − costs)
= Spot EBITDA6 568
= 3-year-price EBITDA4 020
Conservative EBITDA = min(spot, avg)5 294
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)5.9x
Target EV = EV/EBITDA × conservative EBITDA31 491
Net debt-1 075
Target market cap = EV − net debt32 566
Current market cap42 994

Upside = target market cap ÷ current − 1 = -24.3%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 FY4 5824 855-5.6%8721 474-40.8%
2024 FY5 7935 634+2.8%2 5851 776+45.6%
2025 FY9 8938 341+18.6%5 7785 005+15.5%

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +71% vs +26% the year before — a +44.3 pp move. 3-year CAGR +30%.
revenue growth by year: 2023 +2% · 2024 +26% · 2025 +71%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 6.1x · target 75th pct (3y) 22.7x · LTM avg 9.3x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-291.16 USDEx-dividend: 1.16 USD per sharePaidYahoo Finance (ex-div)
2026-03-131.73 USDEx-dividend: 1.73 USD per sharePaidYahoo Finance (ex-div)
2025-11-280.91 USDEx-dividend: 0.91 USD per sharePaidYahoo Finance (ex-div)
2025-08-220.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2025-05-300.125 USDEx-dividend: 0.125 USD per sharePaidYahoo Finance (ex-div)
2025-03-140.69 USDEx-dividend: 0.69 USD per sharePaidYahoo Finance (ex-div)
2024-08-300.22 USDEx-dividend: 0.22 USD per sharePaidYahoo Finance (ex-div)
2024-03-140.19 USDEx-dividend: 0.19 USD per sharePaidYahoo Finance (ex-div)
2024-03-130.19 USDEx-dividend: 0.19 USD per sharePaidYahoo Finance (ex-div)
2023-08-240.037 USDEx-dividend: 0.037 USD per sharePaidYahoo Finance (ex-div)
2023-03-160.177 USDEx-dividend: 0.177 USD per sharePaidYahoo Finance (ex-div)
2022-08-250.294 USDEx-dividend: 0.294 USD per sharePaidYahoo Finance (ex-div)
2022-03-100.145 USDEx-dividend: 0.145 USD per sharePaidYahoo Finance (ex-div)
2021-08-260.059 USDEx-dividend: 0.059 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.anglogoldashanti.com/investors/

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)