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 99,425 - -
Change - 27.77% -13.85% -26.5% 19.17% 55.12% - -
Enterprise Value (EV) 1 97,884 111,797 103,497 90,192 103,501 135,587 132,536 129,696
Change - 14.21% -7.42% -12.86% 14.76% 31% -2.25% -2.14%
P/E 13.4x 5x 17.7x -34x 182x 13.8x 14x 13.9x
PBR 1.82x 1.89x 1.69x 1.2x 1.68x 2.44x 2.3x 2.1x
PEG - 0x -0.2x 0x -1x 0x -8.38x 19.44x
Capitalization / Revenue 0.33x 0.33x 0.34x 0.23x 0.26x 0.31x 0.35x 0.35x
EV / Revenue 0.48x 0.44x 0.48x 0.39x 0.42x 0.42x 0.46x 0.46x
EV / EBITDA 4.59x 3.28x 6.05x 6.28x 7.67x 6.73x 6.48x 6.39x
EV / EBIT 6.75x 4.19x 9.96x 13x 17.3x 10x 9.94x 10x
EV / FCF 18.7x 11.8x 15.8x 20.3x -357x 24x 16.2x 19.1x
FCF Yield 5.36% 8.48% 6.33% 4.93% -0.28% 4.16% 6.18% 5.22%
Dividend per Share 2 0.26 0.44 0.13 0.1 0.1 0.2571 0.2649 0.3045
Rate of return 5.12% 6.61% 2.16% 2.26% 1.83% 3.04% 3.13% 3.59%
EPS 2 0.38 1.33 0.34 -0.13 0.03 0.6158 0.6055 0.6098
Distribution rate 68.4% 33.1% 38.2% -76.9% 333% 41.8% 43.8% 49.9%
Net sales 1 203,751 255,984 217,829 230,944 247,535 324,792 285,571 282,728
EBITDA 1 21,323 34,060 17,102 14,358 13,500 20,157 20,466 20,282
EBIT 1 14,495 26,657 10,392 6,938 5,978 13,528 13,335 12,954
Net income 1 4,974 17,320 4,280 -1,634 400 7,281 7,165 7,186
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 8.471 8.471 8.471
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 2/15/22 A 2/15/23 A 2/21/24 A 2/19/25 A 2/18/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.81x4.26x7.65x3.27% 237B
12.13x3.02x6.55x4.85% 177B
16x4.61x7.6x2.97% 106B
13.76x0.42x6.73x3.04% 99.43B
27.94x6.75x17.91x-.--% 68.95B
59.11x3.34x8.15x1.67% 60.59B
16.33x3.31x6.56x0.55% 34.54B
13.75x4.46x6.79x4.22% 30.43B
13.66x4.91x8.67x3.75% 26.91B
Average 21.16x 3.90x 8.51x 2.7% 93.4B
Weighted average by Cap. 19.37x 3.72x 8.14x 3.09%

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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