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 85,808 - -
Change - 27.77% -13.85% -26.5% 19.17% 33.87% - -
Enterprise Value (EV) 1 97,884 111,797 103,497 90,192 103,501 122,046 118,918 115,639
Change - 14.21% -7.42% -12.86% 14.76% 17.92% -2.56% -2.76%
P/E 13.4x 5x 17.7x -34x 182x 11.7x 11.9x 11.8x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.1x 1.98x 1.82x
PEG - 0x -0.2x 0x -1x 0x -5.41x 8.94x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.26x 0.3x 0.3x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.37x 0.41x 0.41x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 5.98x 5.7x 5.58x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 8.97x 8.95x 9.07x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 20.4x 14.6x 17.1x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 4.91% 6.84% 5.86%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2572 0.2454 0.293
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.52% 3.36% 4.01%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.626 0.6122 0.6203
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 41.1% 40.1% 47.2%
Net sales 1 203,751 255,984 217,829 230,944 247,535 326,424 287,185 284,458
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,397 20,862 20,728
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,614 13,284 12,754
Net income 1 4,974 17,320 4,280 -1,634 400 7,418 7,261 7,251
Net Debt 1 31,400 26,854 30,316 36,405 39,405 36,239 33,110 29,831
Reference price 2 5.077 6.656 6.013 4.424 5.472 7.311 7.311 7.311
Nbr of stocks (in thousands) 13,094,998 12,762,238 12,169,709 12,157,132 11,713,994 11,736,770 - -
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.($)
11.68x0.37x5.99x3.52% 85.81B
16.34x3.87x6.99x3.62% 213B
11.07x2.75x5.99x5.31% 160B
14.86x4.27x7.05x3.2% 98.36B
25.87x6.35x16.55x-.--% 63.95B
54.94x3.12x7.65x2.33% 56.32B
15.47x3.15x6.21x0.59% 31.92B
12.35x3.93x6.05x5.04% 26.8B
12.87x4.65x8.15x3.86% 25.31B
18.75x4.34x7.97x0.33% 20.64B
Average 19.42x 3.68x 7.86x 2.78% 78.23B
Weighted average by Cap. 17.90x 3.47x 7.51x 3.36%

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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