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 94,783 - -
Change - 27.77% -13.85% -26.5% 19.17% 47.88% - -
Enterprise Value (EV) 1 97,884 1,11,797 1,03,497 90,192 1,03,501 1,30,944 1,27,893 1,25,054
Change - 14.21% -7.42% -12.86% 14.76% 26.52% -2.33% -2.22%
P/E 13.4x 5x 17.7x -34x 182x 13.1x 13.3x 13.2x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.32x 2.19x 2x
PEG - 0x -0.2x 0x -1x 0x -8.71x 18.6x
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 0.45x 0.44x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 6.5x 6.24x 6.17x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 9.69x 9.59x 9.65x
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% 4.31% 6.41% 5.42%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2556 0.2649 0.3052
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.16% 3.28% 3.78%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.6155 0.6061 0.6104
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 41.5% 43.7% 50%
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 13,337 12,954
Net income 1 4,974 17,320 4,280 -1,634 400 7,271 7,169 7,190
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 8.076 8.076 8.076
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.($)
13.12x0.4x6.5x3.16% 9.48TCr
18.59x4.4x7.91x3.12% 25TCr
12.26x3.03x6.57x4.8% 18TCr
16.38x4.61x7.63x3.03% 11TCr
28.49x7.04x18.48x-.--% 7.21TCr
55.25x3.39x8.34x1.12% 6.2TCr
16.18x3.28x6.5x0.56% 3.4TCr
14.31x4.66x7.09x4.05% 3.17TCr
14.01x5.07x8.97x3.65% 2.75TCr
21.61x5.01x9.2x0.28% 2.38TCr
Average 21.02x 4.09x 8.72x 2.38% 8.75TCr
Weighted average by Cap. 19.55x 3.86x 8.34x 2.93%

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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