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AngloGold Ashanti plc (AU) Fair Value & Analysis

Basic Materials · US · Market cap $38.6B · ISIN US0351282068

What is AngloGold Ashanti plc really worth?

AA AngloGold Ashanti plc logo AngloGold Ashanti plc AU · US
Price$111.67
Fair Value$75.34
Upside−32.5%
Quality64/100

A solid business, but trading 48% above our fair value of $75.34.

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Strengths

✓Healthy Growth (revenue 5y +16.6 %/yr)
✓Highly profitable · 31.1% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (12/15)
✓Wide moat 76/100

Risks

!Evidence only medium, so the estimate is less certain

For context

·4.12% dividend yield
Evidence: Medium Range $56.50 – $94.16

Fair value as of: Aug 14, 2026

From 26 valuation models · updated 22 days ago

Share price +37.0% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($94.16). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$124.62 $10.95 Fair Value $75.34 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range $10.95 – $124.62 · fair‑value band $56.50 – $94.16 · the $111.67 price screens above the $75.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

AngloGold Ashanti plc (AU) currently trades at $111.67, while our model-based Fair Value estimate is $75.34, implying the stock looks roughly 48.2% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of $102.84 per share, and 6 of the 26 models we run sit above the $111.67 price. Bear case: the Asset-Based group reads lowest at $10.72, and 20 of the 26 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, AngloGold Ashanti plc generated revenue of $11.2B at a net margin of 31.1%. Revenue grew 64.9% year over year. It earns a return on equity of 43.0%. The balance sheet holds a net cash position of $492M. Fundamentals as of Aug 14, 2026

Our scenario range runs from $56.50 (bear case) to $94.16 (bull case); at $111.67, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 171% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −33%, AU screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.50 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $73.65 $117.79 $187.34 79
Growth DCF $74.47 $112.73 $168.84 78
Owner Earnings $49.10 $78.15 $123.93 75
All 26 models by family
DCF Models
FCF DCF $73.65 $117.79 $187.34 79
Owner Earnings $49.10 $78.15 $123.93 75
5Y Revenue Exit $39.34 $54.56 $73.14 73
5Y EBITDA Exit $74.37 $121.67 $177.61 74
5Y P/E Exit $65.61 $104.89 $146.72 70
10Y Revenue Exit $50.25 $67.44 $89.45 68
10Y EBITDA Exit $73.44 $114.64 $170.99 68
10Y P/E Exit $67.80 $102.84 $146.88 64
Earnings-Based
Graham-Dodd $35.45 $123.26 $165.64 64
Lynch FV $28.61 $40.87 $53.13 61
PEG = 1.0 $28.61 $40.87 $53.13 57
EPV $65.15 $75.71 $84.95 74
Dividend Discount
Gordon GGM $33.98 $70.64 $112.07 66
DDM Multi-Stage $33.98 $59.18 $74.14 66
Multiples
P/E Multiple $66.47 $88.63 $110.78 63
P/S Multiple $22.01 $29.35 $36.69 58
P/B Multiple $36.00 $48.01 $60.01 55
EV/EBIT $94.53 $125.44 $156.36 66
EV/EBITDA $83.09 $110.19 $137.29 67
EV/Revenue $22.33 $31.13 $39.94 54
Asset-Based
NCAV (Graham) $8.00 $10.72 $16.00 54
Growth DCF
Growth DCF $74.47 $112.73 $168.84 78
Rev-Margin DCF $39.34 $55.41 $74.81 73
Economic Profit
Residual Income $31.10 $37.84 $142.65 64
ROIC Compounder $68.93 $84.71 $101.75 72
Growth Earnings
Growth-Adj P/E $58.82 $84.03 $109.24 67

Widest divergence: DCF Models ($102.84) versus Asset-Based ($10.72). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 17.0
P/S ratio 4.53 P/E × margin
EPS (TTM) $6.57 price ÷ EPS = P/E 17.0
Dividend yield 4.1% payout 70.0%
Net margin 26.6% FY2025
Return on equity 43.0% TTM
More key figures
Profitability
Return on assets (EBIT) 13.3% avg 5y
Operating margin 56.1% TTM
Growth
Revenue (TTM) $11.2B TTM
Revenue growth (YoY) +64.9% 3y avg +30.0%
EPS growth (YoY) +185%
Balance sheet & cash flow
Free cash flow $3.1B FY2025
Net cash $492M FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 67 · Market factors (momentum, volatility) 70

Profitability 79
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 7
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 7
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. It explores for gold, as well as by-products, including silver and sulphuric acid. The company's flagship property includes 100% owned the Geita mine located in the Lake Victoria goldfields of the Geita region in northwestern Tanzania.

Full company description

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. It explores for gold, as well as by-products, including silver and sulphuric acid. The company's flagship property includes 100% owned the Geita mine located in the Lake Victoria goldfields of the Geita region in northwestern Tanzania. AngloGold Ashanti plc was incorporated in 1944 and is headquartered in Greenwood Village, Colorado.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AngloGold Ashanti plc reported revenue of $9.9B in FY2025 versus $4.0B in FY2021, a compound +25.2%/yr. Reported net income was $2.6B in FY2025, compounding +43.9%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$9.9B
Latest YoY
+70.8%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.0%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.6%
Avg. revenue growth/yr (28Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.4%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+25.0% (20.9 + 4.1)
Revenue +25.2%/yr
FY21 $4.0B
FY22 $4.5B
FY23 $4.6B
FY24 $5.8B
FY25 $9.9B
Net income +43.9%/yr
FY21 $614M
FY22 $233M
FY23 −$235M
FY24 $1.0B
FY25 $2.6B

AU screens 48% overvalued. Compare with Newmont Corporation →

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AngloGold Ashanti plc · Fair Value
$75.34 −48%Fair Value
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Cite: Fair Value Calculator (2026). "AngloGold Ashanti plc Fair Value". https://www.fairvalue-calculator.com/stock/AU

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Gold · 245 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside −33% · Above median
Return on equity (TTM) 43% · Top 25%
Return on assets 23% · Top 25%
Net margin (TTM) 31% · Top 25%
Operating margin (TTM) 56% · Top 25%
Revenue growth 65% · Above median
Dividend yield (TTM) 4.1% · Top 25%
Debt / equity 0.25× · Higher than 75% of peers

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 17.0× · Pricier than median
P/B 4.77× · Pricier than 75% of peers
P/S (TTM) 3.46× · Pricier than median
P/FCF 12.4× · Cheaper than median
EV/EBITDA 5.8× · Cheaper than median
PEG 0.78× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 100
PAST100 · sector 2
HEALTH88 · sector 98
DIVIDEND82 · sector 20

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $41.23 $50.66 +23%
Franco-Nevada Corporation FNV $271.31 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
Kinross Gold Corporation KGC $32.51 $34.62 +6%
Royal Gold, Inc RGLD $262.85 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%
Lundin Gold Inc LUG kr 708.00 kr 504.76 −29%

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Frequently asked questions

Is AngloGold Ashanti plc (AU) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of $75.34 versus a price of $111.67, about −33% upside (overvalued).
What is the fair value of AU?
Our model-based fair value for AngloGold Ashanti plc is $75.34 (as of Aug 14, 2026), built from audited fundamentals. The current price: $111.67.
What is the quality score of AU?
AngloGold Ashanti plc has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of AngloGold Ashanti plc (AU)?
AngloGold Ashanti plc reported trailing-twelve-month revenue of about $11.2B (latest available figure, as of Aug 14, 2026).
What is the net profit margin of AU?
The net profit margin of AngloGold Ashanti plc is about 31.1%, meaning it keeps roughly 31.1% of revenue as net income. Based on the latest reported figures.
Does AngloGold Ashanti plc pay a dividend?
AngloGold Ashanti plc currently shows a dividend yield of about 4.12% relative to its recent price (as of Aug 14, 2026).
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