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 94,970 - -
Change - 27.77% -13.85% -26.5% 19.17% 48.17% - -
Enterprise Value (EV) 1 97,884 1,11,797 1,03,497 90,192 1,03,501 1,31,131 1,28,080 1,25,241
Change - 14.21% -7.42% -12.86% 14.76% 26.7% -2.33% -2.22%
P/E 13.4x 5x 17.7x -34x 182x 13.1x 13.4x 13.3x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.32x 2.19x 2.01x
PEG - 0x -0.2x 0x -1x 0x -8.47x 20.55x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.29x 0.33x 0.34x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.4x 0.45x 0.44x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 6.51x 6.25x 6.18x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 9.7x 9.6x 9.67x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 23.2x 15.6x 18.5x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 4.3% 6.4% 5.41%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2556 0.2649 0.3045
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.16% 3.27% 3.76%
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% 43.7% 49.9%
Net sales 1 2,03,751 2,55,984 2,17,829 2,30,944 2,47,535 3,26,327 2,85,769 2,83,241
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,143 20,486 20,272
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,518 13,338 12,955
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 36,162 33,110 30,271
Reference price 2 5.077 6.656 6.013 4.424 5.472 8.092 8.092 8.092
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.15x0.4x6.51x3.16% 9.5TCr
18.49x4.37x7.86x3.14% 24TCr
12.32x3.03x6.61x4.77% 18TCr
16.95x4.79x7.92x2.84% 11TCr
28.63x7.07x18.57x-.--% 7.24TCr
53.62x3.3x8.12x1.15% 6.02TCr
16.32x3.31x6.56x0.56% 3.45TCr
14.58x4.76x7.18x3.99% 3.22TCr
13.74x4.95x8.79x3.7% 2.67TCr
21.3x4.94x9.07x0.29% 2.34TCr
Average 20.91x 4.09x 8.72x 2.36% 8.76TCr
Weighted average by Cap. 19.42x 3.88x 8.36x 2.91%

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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