Financials Glencore plc

Equities

GLEN

JE00B4T3BW64

Diversified Mining

Market Closed - London S.E. 11:35:20 2024-06-17 EDT 5-day change 1st Jan Change
448.4 GBX -1.36% Intraday chart for Glencore plc -4.56% -5.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 41,176 42,124 66,427 85,268 73,132 69,103 - -
Enterprise Value (EV) 1 76,320 77,552 97,827 112,122 103,448 102,346 96,698 89,717
P/E ratio -104 x -22.8 x 13.3 x 5.02 x 17.7 x 13.7 x 10.7 x 10.6 x
Yield 6.41% - 5.13% 6.59% 2.16% 2.24% 3.09% 3.3%
Capitalization / Revenue 0.19 x 0.3 x 0.33 x 0.33 x 0.34 x 0.32 x 0.32 x 0.33 x
EV / Revenue 0.35 x 0.54 x 0.48 x 0.44 x 0.47 x 0.48 x 0.45 x 0.42 x
EV / EBITDA 6.58 x 6.71 x 4.59 x 3.29 x 6.05 x 6.24 x 5.39 x 4.93 x
EV / FCF 19 x -61.7 x 18.7 x 11.8 x 15.8 x 17.4 x 13.7 x 12.5 x
FCF Yield 5.26% -1.62% 5.36% 8.46% 6.33% 5.76% 7.29% 7.99%
Price to Book 1.06 x 1.12 x 1.81 x 1.9 x 1.68 x 1.62 x 1.48 x 1.35 x
Nbr of stocks (in thousands) 13,194,320 13,221,312 13,094,998 12,762,238 12,169,709 12,153,411 - -
Reference price 2 3.121 3.186 5.073 6.681 6.009 5.765 5.765 5.765
Announcement Date 2/18/20 2/16/21 2/15/22 2/15/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 215,111 142,338 203,751 255,984 217,829 214,122 214,991 211,334
EBITDA 1 11,601 11,560 21,323 34,060 17,102 16,391 17,954 18,187
EBIT 1 4,151 4,416 14,495 26,657 10,392 9,879 11,044 10,581
Operating Margin 1.93% 3.1% 7.11% 10.41% 4.77% 4.61% 5.14% 5.01%
Earnings before Tax (EBT) 1 -888 -5,116 7,375 22,879 5,417 7,338 10,142 10,615
Net income 1 -404 -1,903 4,974 17,320 4,280 4,955 6,972 6,970
Net margin -0.19% -1.34% 2.44% 6.77% 1.96% 2.31% 3.24% 3.3%
EPS 2 -0.0300 -0.1400 0.3800 1.330 0.3400 0.4217 0.5409 0.5423
Free Cash Flow 1 4,017 -1,257 5,242 9,482 6,552 5,895 7,048 7,170
FCF margin 1.87% -0.88% 2.57% 3.7% 3.01% 2.75% 3.28% 3.39%
FCF Conversion (EBITDA) 34.63% - 24.58% 27.84% 38.31% 35.96% 39.26% 39.43%
FCF Conversion (Net income) - - 105.39% 54.75% 153.08% 118.96% 101.09% 102.87%
Dividend per Share 2 0.2000 - 0.2600 0.4400 0.1300 0.1290 0.1779 0.1900
Announcement Date 2/18/20 2/16/21 2/15/22 2/15/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 Q2 2024 S1 2024 Q4 2024 S2 2025 S1 2025 S2
Net sales 108,013 70,961 71,377 93,805 109,946 134,435 121,549 107,415 110,414 - 104,441 - 105,456 101,054 101,054
EBITDA - 4,833 6,727 8,654 12,669 18,918 15,142 9,397 7,705 - - - - - -
EBIT - 1,472 2,944 5,305 9,190 15,415 11,242 6,305 4,087 - 4,741 - 5,129 4,423 4,562
Operating Margin - 2.07% 4.12% 5.66% 8.36% 11.47% 9.25% 5.87% 3.7% - 4.54% - 4.86% 4.38% 4.51%
Earnings before Tax (EBT) - -5,175 59 2,014 5,361 16,012 6,867 5,999 - - - - - - -
Net income - -2,600 697 1,277 3,697 12,085 5,235 4,568 - - - - - - -
Net margin - -3.66% 0.98% 1.36% 3.36% 8.99% 4.31% 4.25% - - - - - - -
EPS 1 -0.0500 -0.2000 0.0600 0.1000 0.2800 0.9200 0.4100 0.3600 - 0.1500 - 0.2100 - - -
Dividend per Share 0.1000 - - 0.0800 0.1600 - 0.2200 - - - - - - - -
Announcement Date 2/18/20 8/6/20 2/16/21 8/5/21 2/15/22 8/4/22 2/15/23 8/8/23 2/21/24 - - - - - -
1USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 35,144 35,428 31,400 26,854 30,316 33,243 27,595 20,614
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.029 x 3.065 x 1.473 x 0.7884 x 1.773 x 2.028 x 1.537 x 1.133 x
Free Cash Flow 1 4,017 -1,257 5,242 9,482 6,552 5,895 7,048 7,171
ROE (net income / shareholders' equity) 5.68% -4.89% 23.5% 42.3% 14.4% 12.6% 14.5% 13.9%
ROA (Net income/ Total Assets) 1.85% -1.57% 7.43% 14.5% 5.22% 4% 5.96% 5.95%
Assets 1 -21,860 121,041 66,913 119,289 81,936 123,850 116,989 117,127
Book Value Per Share 2 2.940 2.850 2.800 3.520 3.570 3.550 3.900 4.260
Cash Flow per Share 2 0.6300 0.2000 0.6600 1.040 0.8800 0.9100 1.020 1.030
Capex 1 4,712 3,921 3,618 4,177 4,484 5,243 5,752 5,619
Capex / Sales 2.19% 2.75% 1.78% 1.63% 2.06% 2.45% 2.68% 2.66%
Announcement Date 2/18/20 2/16/21 2/15/22 2/15/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
5.765 USD
Average target price
6.382 USD
Spread / Average Target
+10.71%
Consensus
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