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 92,647 - -
Change - 27.77% -13.85% -26.5% 19.17% 44.54% - -
Enterprise Value (EV) 1 97,884 1,11,797 1,03,497 90,192 1,03,501 1,28,433 1,25,232 1,22,367
Change - 14.21% -7.42% -12.86% 14.76% 24.09% -2.49% -2.29%
P/E 13.4x 5x 17.7x -34x 182x 12.8x 13x 12.9x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.27x 2.14x 1.96x
PEG - 0x -0.2x 0x -1x 0x -8.21x 19.93x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.29x 0.33x 0.33x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.4x 0.44x 0.44x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 6.37x 6.1x 6.03x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 9.48x 9.35x 9.43x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 22.8x 15.3x 18.1x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 4.39% 6.54% 5.54%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2556 0.2699 0.3045
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.24% 3.42% 3.86%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.6155 0.6057 0.6096
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 41.5% 44.6% 49.9%
Net sales 1 2,03,751 2,55,984 2,17,829 2,30,944 2,47,535 3,24,427 2,82,971 2,80,301
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,169 20,534 20,289
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,544 13,401 12,979
Net income 1 4,974 17,320 4,280 -1,634 400 7,271 7,164 7,178
Net Debt 1 31,400 26,854 30,316 36,405 39,405 35,787 32,585 29,720
Reference price 2 5.077 6.656 6.013 4.424 5.472 7.894 7.894 7.894
Nbr of stocks (in thousands) 1,30,94,998 1,27,62,238 1,21,69,709 1,21,57,132 1,17,13,994 1,17,36,770 - -
Announcement Date 15/02/22 15/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.41x4.14x7.44x3.32% 23TCr
11.84x2.92x6.36x4.96% 17TCr
15.7x4.43x7.34x3.06% 10TCr
12.83x0.4x6.37x3.24% 9.26TCr
26.77x6.8x17.85x-.--% 6.77TCr
52.14x3.22x7.93x1.18% 5.85TCr
15x3.1x6.14x0.6% 3.24TCr
14.02x4.57x6.89x4.15% 3.09TCr
12.59x4.52x8.02x4.04% 2.45TCr
Average 19.81x 3.79x 8.26x 2.73% 8.99TCr
Weighted average by Cap. 18.42x 3.63x 7.93x 3.14%

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