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AngloGold Ashanti plc (AU) Fair Value & Analysis

Basic Materials · US · Market cap $38.6B

AA AngloGold Ashanti plc logo AngloGold Ashanti plc AU · US
Price$87.59
Fair Value$75.34
Upside-14.0%
Quality64/100
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Healthy Growth
Highly profitable · 31.1% net margin
Low debt · generates free cash flow
5.81% dividend yield
Ranks above peers (11/15)
Wide moat 76/100
Evidence: Medium Range $56.50 – $94.16 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 21 days ago

Share price +6.7% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from $56.50 (bear) to $94.16 (bull), base $75.34. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 64/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

$124.62 $10.95 Fair Value $75.34 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $10.95 – $124.62 · fair‑value band $56.50 – $94.16 · the $87.59 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 Jul 17, 2026.

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Analysis

AngloGold Ashanti plc (AU) currently trades at $87.59, while our model-based Fair Value estimate is $75.34, implying the stock looks roughly 14.0% overvalued today. We read business quality at 64/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: 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 Jul 17, 2026

Our scenario range runs from $56.50 (bear case) to $94.16 (bull case); at $87.59, the current price sits within 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 30% below its 52-week high and 113% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 8% fair-value upside, at -14%, AU screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $74.47 $112.73 $168.84 80
Residual Income $31.10 $37.84 $142.65 76
Rev-Margin DCF $48.01 $71.72 $100.05 74
All 26 models by family
DCF Models
FCF DCF $73.65 $117.79 $187.34 38
Owner Earnings $49.10 $78.15 $123.93 31
5Y Revenue Exit $48.01 $71.17 $100.33 39
5Y EBITDA Exit $88.78 $149.28 $221.19 41
5Y P/E Exit $72.54 $118.16 $166.90 38
10Y Revenue Exit $55.40 $79.13 $110.67 36
10Y EBITDA Exit $82.72 $134.06 $205.00 37
10Y P/E Exit $72.26 $112.18 $162.63 35
Earnings-Based
Graham-Dodd $35.45 $123.26 $165.64 54
Lynch FV $28.61 $40.87 $53.13 50
PEG = 1.0 $28.61 $40.87 $53.13 46
EPV $65.15 $75.71 $84.95 59
Dividend Discount
Gordon GGM $33.98 $70.64 $112.07 70
DDM Multi-Stage $33.98 $59.18 $74.14 61
Multiples
P/E Multiple $78.20 $104.27 $130.33 63
P/S Multiple $36.69 $48.91 $61.14 58
P/B Multiple $36.00 $48.01 $60.01 55
EV/EBIT $121.03 $160.77 $200.52 53
EV/EBITDA $107.48 $142.71 $177.94 54
EV/Revenue $36.03 $50.70 $65.38 43
Asset-Based
NCAV (Graham) $8.00 $10.72 $16.00 50
Growth DCF
Growth DCF $74.47 $112.73 $168.84 80
Rev-Margin DCF $48.01 $71.72 $100.05 74
Economic Profit
Residual Income $31.10 $37.84 $142.65 76
ROIC Compounder $68.93 $84.71 $101.75 72
Growth Earnings
Growth-Adj P/E $67.69 $96.69 $125.70 68

Widest divergence: DCF Models ($112.18) versus Asset-Based ($10.72). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $11.2B
Revenue growth (YoY) +64.9%
Net margin 31.1%
Return on equity 43.0%
Free cash flow $3.1B FY2025
P/E ratio 11.6
More key figures
Operating margin 56.1%
EPS (TTM) $6.57
Dividend yield 5.8%
EPS growth (YoY) +185%
Net cash $492M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 67 · Market factors (momentum, volatility) 60

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 45
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 77
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.

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 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$9.9B
Latest YoY
+70.8%
Avg. growth/yr (3Y)
+30.0%
Avg. growth/yr (5Y)
+16.6%
Avg. growth/yr (28Y)
+9.4%
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 14% overvalued. Compare with Newmont Corporation →

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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 · 259 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 −14% · 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) 5.8% · Top 25%
Debt / equity 0.25× · Higher than 75% of peers

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 11.6× · Cheaper 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× · Pricier than median
PEG 0.78× · Cheaper than median

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.

VALUE 15 · sector 0
FUTURE 100 · sector 100
PAST 100 · sector 0
HEALTH 88 · sector 98
DIVIDEND 100 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥28.36 ¥30.58 +8%
Agnico Eagle Mines Limited AEM C$191.93 C$154.33 -20%
Barrick Mining Corporation B $34.93 $50.66 +45%
Wheaton Precious Metals Corp WPM C$152.57 C$52.47 -66%
Franco-Nevada Corporation FNV C$284.75 C$97.76 -66%
Gold Fields Limited GFI $33.33 $59.06 +77%
Kinross Gold Corporation KGC $22.57 $34.62 +53%
Northern Star Resources Limited NST A$20.48 A$15.98 -22%
Pan American Silver Corp PAAS C$58.54 C$40.15 -31%

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Frequently asked questions

Is AngloGold Ashanti plc (AU) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $75.34 versus a price of $87.59, about −14% (overvalued).
What is the fair value of AU?
Our model-based fair value for AngloGold Ashanti plc is $75.34 (as of Jul 17, 2026), built from audited fundamentals. The current price is $87.59.
What is the quality score of AU?
AngloGold Ashanti plc has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals 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 Jul 17, 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 5.00% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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