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 81,606 - -
Change - 27.77% -13.85% -26.5% 19.17% 27.32% - -
Enterprise Value (EV) 1 97,884 111,797 103,497 90,192 103,501 116,604 113,139 110,556
Change - 14.21% -7.42% -12.86% 14.76% 12.66% -2.97% -2.28%
P/E 13.4x 5x 17.7x -34x 182x 12.1x 11x 11.3x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 1.98x 1.84x 1.71x
PEG - 0x -0.2x 0x -1x 0x 1.2x -4.19x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.28x 0.29x 0.29x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.41x 0.41x 0.4x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 5.8x 5.43x 5.36x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 8.82x 8.34x 8.38x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 18.4x 19.1x 17.8x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 5.43% 5.24% 5.61%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2267 0.302 0.3142
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.25% 4.33% 4.51%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.578 0.6309 0.6139
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 39.2% 47.9% 51.2%
Net sales 1 203,751 255,984 217,829 230,944 247,535 287,112 278,878 278,687
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,116 20,843 20,615
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,224 13,563 13,195
Net income 1 4,974 17,320 4,280 -1,634 400 6,453 7,346 7,103
Net Debt 1 31,400 26,854 30,316 36,405 39,405 34,998 31,534 28,950
Reference price 2 5.077 6.656 6.013 4.424 5.472 6.966 6.966 6.966
Nbr of stocks (in thousands) 13,094,998 12,762,238 12,169,709 12,157,132 11,713,994 11,715,401 - -
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.($)
12.05x0.41x5.8x3.25% 81.61B
18.53x3.8x6.77x3.75% 210B
10.89x2.7x5.77x5.38% 157B
13.42x3.93x6.53x3.48% 88.95B
22.29x6x13.92x-.--% 58.04B
26.31x2.78x7.14x1.34% 50.34B
14.59x2.78x5.74x0.69% 27.35B
10.4x3.54x5.27x5.4% 24.39B
12.44x4.39x7.7x4.4% 22.89B
16.94x4.27x7.69x0.33% 20.43B
Average 15.79x 3.46x 7.23x 2.8% 74.13B
Weighted average by Cap. 15.77x 3.30x 6.98x 3.42%

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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