Company Valuation: Glencore plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 66,484 84,943 73,181 53,787 64,096 87,404 - -
Change - 27.77% -13.85% -26.5% 19.17% 36.36% - -
Enterprise Value (EV) 1 97,884 111,797 103,497 90,192 103,501 123,643 120,514 117,235
Change - 14.21% -7.42% -12.86% 14.76% 19.46% -2.53% -2.72%
P/E 13.4x 5x 17.7x -34x 182x 12x 12.3x 12.1x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.14x 2.02x 1.85x
PEG - 0x -0.2x 0x -1x 0x -5.49x 6.2x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.27x 0.31x 0.31x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.38x 0.42x 0.41x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 6.11x 5.89x 5.77x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 9.18x 9.27x 9.3x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 20x 14.7x 17.3x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 5.01% 6.8% 5.77%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2571 0.2484 0.284
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.45% 3.34% 3.81%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.6194 0.6055 0.6173
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 41.5% 41% 46%
Net sales 1 203,751 255,984 217,829 230,944 247,535 325,831 286,200 283,423
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,226 20,465 20,313
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,474 13,005 12,612
Net income 1 4,974 17,320 4,280 -1,634 400 7,339 7,159 7,208
Net Debt 1 31,400 26,854 30,316 36,405 39,405 36,239 33,110 29,831
Reference price 2 5.077 6.656 6.013 4.424 5.472 7.447 7.447 7.447
Nbr of stocks (in thousands) 13,094,998 12,762,238 12,169,709 12,157,132 11,713,994 11,736,770 - -
Announcement Date 2/15/22 2/15/23 2/21/24 2/19/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.6x3.98x7.15x3.5% 221B
11.39x2.83x6.14x5.17% 165B
14.44x4.14x6.84x3.3% 95.51B
12.02x0.38x6.11x3.45% 87.4B
25.97x6.31x16.75x-.--% 64.07B
55.29x3.13x7.69x2.32% 56.68B
15.39x3.13x6.2x0.59% 32.11B
13.78x4.43x6.82x4.51% 29.91B
13.19x4.73x8.36x3.88% 25.77B
Average 19.79x 3.68x 8.01x 2.97% 86.38B
Weighted average by Cap. 18.03x 3.49x 7.60x 3.38%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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