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 89,267 - -
Change - 27.77% -13.85% -26.5% 19.17% 39.27% - -
Enterprise Value (EV) 1 97,884 1,11,797 1,03,497 90,192 1,03,501 1,22,728 1,18,220 1,14,958
Change - 14.21% -7.42% -12.86% 14.76% 18.58% -3.67% -2.76%
P/E ratio 13.4x 5x 17.7x -34x 182x 13.3x 13.1x 13.3x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.15x 1.99x 1.88x
PEG - 0x -0.2x 0x -1x 0x 9.04x -11x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.31x 0.33x 0.33x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.43x 0.43x 0.42x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 6.05x 5.78x 5.65x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 9.41x 9.25x 9.06x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 18.3x 20.6x 18.5x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 5.47% 4.86% 5.4%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2043 0.1903 0.2253
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 2.68% 2.5% 2.96%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.5721 0.5804 0.5734
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 35.7% 32.8% 39.3%
Net sales 1 2,03,751 2,55,984 2,17,829 2,30,944 2,47,535 2,86,049 2,74,441 2,72,686
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,277 20,461 20,330
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,046 12,787 12,685
Net income 1 4,974 17,320 4,280 -1,634 400 6,571 6,561 6,569
Net Debt 1 31,400 26,854 30,316 36,405 39,405 33,461 28,953 25,691
Reference price 2 5.077 6.656 6.013 4.424 5.472 7.620 7.620 7.620
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 1,17,15,401 - -
Announcement Date 15/02/22 15/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.32x0.43x6.05x2.68% 8.93TCr
16.64x3.91x6.98x3.59% 21TCr
11.78x2.92x6.29x4.98% 17TCr
13.13x4.09x6.88x3.79% 9.05TCr
16.81x6.19x14.05x0.05% 6.27TCr
27.2x2.94x7.53x1.38% 5.4TCr
17.03x3.2x6.77x0.62% 3.03TCr
11.35x3.94x5.73x4.61% 2.83TCr
17.84x6.04x11.14x3.64% 2.5TCr
21.13x4.78x8.75x0.3% 2.28TCr
Average 16.62x 3.84x 8.02x 2.56% 7.91TCr
Weighted average by Cap. 15.53x 3.50x 7.44x 3.21%

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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