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AngloGold Ashanti Limited AU
$ 109.07 3.56%
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Quarterly report 2023-Q2
added 05-16-2026

AngloGold Ashanti Limited Financial Ratios 2022-2006 | AU

Brief overview of AngloGold Ashanti Limited's multiples and efficiency

Ratios are assessed across five available annual reports in the 2016–2022 interval.

Key multiples at the end of the period are P/E 21.61x (median 21.61x), EV/EBITDA 18.61x (median 18.61x), P/S 2.17x (median 1.46x). The combined ratio level is close to the company's five-year norm at a 0% deviation. No clear premium or discount is visible.

The 1/P/E calculation produces a 4.6% earnings yield. It does not capture future growth or capital structure.

Capital efficiency is characterized by ROE 7.6%, ROA 3.9%, ROCE 7.2%. Low capital returns limit the ability to compound value internally.

On PEG (1.19x), the market prices growth without an obvious discount or excessive premium.

The cash conversion cycle shortened from 85.4 days to 47.7 days, or 37.7 days. Working capital returns faster.

Overall assessment

AngloGold Ashanti Limited's multiples form a balanced picture without a clear discount or premium. Future appeal depends on earnings and return trends.

Annual Financial Ratios AngloGold Ashanti Limited

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006

P/E

21.6 12.1 9.5 -1179.7 38.3 -26.3 62.3 -47.1 -87.0 -2.5 12.9 12.4 - -40.0 -51.3 -31.4 -

P/S

- - 2.2 2.3 1.5 1.0 1.2 0.8 1.0 1.0 1.7 2.7 - 8.3 7.7 8.3 -

EPS

0.7 1.5 2.4 -0.0 0.3 -0.5 0.1 -0.2 - - - - - -2.3 -1.8 -2.9 -

EV (Enterprise Value)

9.66 B 10.6 B 12.2 B 12 B 9.37 B 8.8 B 9.17 B 7.63 B 11.3 B 12.2 B 18 B 23.3 B -586 M 31.9 B 28.3 B 25.1 B -471 M

EBITDA per Share

1.24 1.93 3.57 1.48 1.17 1.12 1.2 0.82 3.74 4.2 6.04 7.03 - 1.72 1.96 2.36 -

EV/EBITDA

18.6 13.0 8.1 19.3 19.1 18.9 18.5 22.6 5.4 5.4 5.8 7.0 -0.8 51.8 46.0 38.3 -

PEG

1.19 0.5 0.22 792.66 -4.28 1.65 -3.57 0.95 -0.89 0.01 -0.32 0.01 - - - - -

P/B

1.7 1.9 2.5 3.1 2.1 1.7 1.8 1.3 1.8 1.8 1.8 3.2 - 3.1 3.1 - -

P/CF

3.8 6.2 5.7 7.9 6.7 4.5 4.2 2.9 25.0 -17.5 -78.3 15.5 - 74.4 451.3 45.6 -

ROE %

7.64 15.78 26.74 -0.26 5.57 -6.32 2.90 -2.84 -2.02 -71.77 14.18 25.81 2.51 -24.87 -16.95 -31.13 -

ROA %

3.91 8.08 13.10 -0.10 2.26 -2.37 1.12 -0.96 -0.63 -23.05 6.33 12.74 1.08 -7.74 -5.96 - -

ROCE %

7.20 11.25 22.19 12.06 8.38 7.32 7.74 5.12 9.07 10.06 13.43 19.68 - - - - -

Current Ratio

2.0 2.0 2.0 1.6 1.7 1.6 1.6 1.5 1.7 1.7 1.4 2.9 - - - - -

DSO

- - - - - - 15.2 14.5 16.7 19.5 23.4 14.8 17.0 19.8 11.0 - -

DIO

- - - - - - 75.2 71.6 77.4 92.7 114.0 97.5 - - - - -

DPO

- - - - - - 42.6 33.9 34.6 42.9 52.0 43.6 - - - - -

Operating Cycle

- - - - - - 90.4 86.0 94.1 112.2 137.4 112.2 17.0 19.9 11.0 - -

Cash Conversion Cycle

- - - - - - 47.7 52.1 59.5 69.4 85.4 68.6 17.0 19.9 11.0 - -

All numbers in USD currency

Quarterly Financial Ratios AngloGold Ashanti Limited

2023-Q2 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2 2009-Q4 2008-Q4 2007-Q4 2006-Q4

EPS

0.1 0.71 - 0.71 - 1.48 - 0.86 0.48 2.36 - 100000000 0.4 -0.03 - 0.27 - 0.32 - 0.08 - -0.46 - -43000000 - 0.15 - - - -0.2 - - - - - - - - - - - - - - - - - - - - 0.22 0.02 -2.3 -1.79 -2.92 -

EBITDA per Share

0.23 1.24 - 1 - 1.93 - 1.05 0.6 3.57 - 1.28 0.46 1.48 - 0.46 - 1.17 - 0.29 - 1.12 - -0.16 - 1.2 - - - 0.82 - - - - - - - - - - - - - - - - - - - - 1.41 0.92 1.72 1.96 2.36 -

ROE %

31.85 40.41 32.76 38.42 31.10 57.84 42.06 56.11 52.88 46.95 20.21 24.38 15.91 11.11 11.37 5.04 0.87 -5.39 -10.96 -8.06 -9.69 -12.52 -6.20 -3.69 2.58 4.49 1.58 1.58 1.58 1.71 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 4.54 -20.33 -39.78 -72.83 -24.87 -16.95 -31.13 -

ROA %

16.36 20.66 16.75 19.58 15.77 28.86 20.79 26.22 23.46 20.53 7.43 9.11 5.93 4.49 4.59 2.22 0.54 -1.76 -4.02 -2.90 -3.55 -4.51 -2.14 -1.06 1.24 1.99 0.87 0.87 0.87 0.91 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 1.87 -5.87 -12.90 0.04 -7.74 -5.96 - -

ROCE %

25.46 30.63 23.43 27.25 21.58 43.77 32.52 40.41 36.82 45.07 22.88 26.34 26.82 25.89 13.82 21.15 17.69 16.68 8.30 16.04 14.06 19.18 11.86 -1.01 - 7.74 - - - 5.12 - - - - - - - - - - - - - - - - - - - - - - - - - -

Current Ratio

2.1 2.0 - 2.1 - 2.0 - 2.0 2.0 2.0 - 1.6 1.5 1.6 - 1.7 - 1.7 - 1.7 - 1.6 - 1.6 - 1.6 - - - 1.5 - - - - - - - - - - - - - - - - - - - - - - - - - -

DSO

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4.5 5.2 7.9 5.0 2.7 - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company AngloGold Ashanti Limited, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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