AUAngloGold Ashanti plc
Is the business good?
A genuinely good business: earnings fully cash-backed (1.0×) and elite returns on assets.
Operating profit is fully backed by cash.
High-quality, exceptional returns on the assets themselves, not leverage. ROE 39% = margin × turnover × leverage.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is AU?
AngloGold Ashanti plc earns 73% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 64 points above what the capital costs: growth creates value
- Operating margin
- 67%
Operating margin · Gold median 38% · fiscal year to FY2025
- Cash conversion
- 0.97×
Cash conversion · 1.00× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +18%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2021 | 46% |
| FY2022 | 43% |
| FY2023 | −36% |
| FY2024 | 54% |
| FY2025 | 67% |
Details›
- Gross marginfiscal year to FY2025
- 49%
- Operating marginfiscal year to FY2025
- 67%
- Net marginfiscal year to FY2025
- 32%
- Revenue, trailing twelve months
- $9.89B
- Net income, trailing twelve months
- $3.17B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 73%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.