Glencore plc

495.15pAs of Sun 8 Nov 2026, 12:00 UTC

LSE:GLENMaterials

Ctry United Kingdom

PE (Fwd) •••

TSR 10Y CAGR 11.39%

Div yield 2.57%

ROE 16.04%

Other Industrial Metals & Mining

Beta (5Y) 0.57

PE TTM 14.59

TSR TTM 40.30%

Mkt cap £58.11B

ROIC 8.15%

SE Grade™

Value

Quality

Moat

Consensus

Reference

595p

20.17%

3.50%

Hold 4|8|1|8|3

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

1.349

Revenue$B

14.33

14.86

16.14

16.76

17.53

19.01

19.79

20.60

21.58

23.02

1.457

5.61%

5.34%

24.10

Revenue growth%

4.96

2.38

0.67

0.43

0.75

0.40

29.99

0.40

0.41

15.33

Gross margin%

7.23

6.79

8.14

9.11

7.92

6.37

4.78

7.59

8.53

8.84

23.52

7.59

7.76

29.27

Operating margin%

26.30

27.26

27.54

27.38

27.69

29.70

28.34

29.62

28.08

30.78

2.80

29.62

27.89

26.80

Net margin%

40.24

37.58

35.10

35.82

35.15

33.22

34.56

34.89

36.71

33.92

19.80

34.56

35.12

14.72

P/E ratio (avg)x

20.61

20.98

21.92

22.47

22.04

24.79

27.44

30.38

34.61

39.29

36.31

30.38

23.63

16.46

EV/EBITx

14.38

14.71

16.64

17.97

21.29

25.15

29.97

35.07

36.78

41.44

20.60

35.07

23.22

6.16

FCF yield (avg)%

3.55

1.63

2.10

3.76

5.51

7.87

7.06

4.37

5.06

6.45

9.92

6.45

4.71

16.70

FCF margin%

15.02

17.11

17.77

19.87

18.78

20.30

23.28

21.00

18.82

19.71

10.79

20.30

19.26

1.374

FCF / Net incomex

2.461

2.350

2.249

2.498

2.420

2.679

2.545

2.595

2.859

2.758

0.821

2.679

2.521

13.15

ROIC%

4.87

7.36

10.31

9.92

9.65

11.52

13.51

14.70

14.03

15.68

15.61

14.03

10.92

14.99

Return on equity%

18.70

19.39

20.74

18.12

19.41

16.50

19.32

17.93

17.63

19.58

17.26

17.93

19.01

3.56

Return on assets%

29.03

28.79

31.16

28.77

26.57

27.93

28.76

26.95

26.52

28.36

9.22

27.93

28.56

0.37

EPS$

0.46

0.44

0.49

0.52

0.57

0.56

0.59

0.57

0.59

0.65

0.39

2.77%

4.78%

—

7.79

EPS growth%

17.84

17.06

16.01

14.41

13.25

12.25

13.18

13.66

12.88

10.67

18.89

12.88

13.45

0.29

Bookvalue per sh$

0.35

0.36

0.39

0.43

0.46

0.50

0.57

0.67

0.79

0.26

11.06%

9.94%

—

0.15

FCF per share$

0.28

0.27

0.24

0.23

0.20

0.18

0.16

0.35

(6.97%)

(5.16%)

—

0.44

Dividend per sh$

0.18

0.21

0.24

0.27

0.32

0.37

0.36

0.38

0.42

0.40

5.94%

8.64%

—

7.77

Div yield (avg)%

7.47

4.61

2.26

3.25

3.57

1.62

1.92

1.77

0.40

2.25

17.76

1.77

2.25

12.55

Payout ratio%

12.01

10.46

7.72

8.03

5.45

5.34

2.89

5.11

7.11

9.53

3.80

5.34

7.41

11.75

Shares (diluted)B

11.83

12.63

13.24

12.99

13.40

12.58

13.75

13.42

14.85

15.37

11.51

2.79%

3.77%

19.30

Buyback yield%

23.29

22.15

19.51

17.75

19.04

16.89

16.33

16.26

18.67

19.98

25.40

16.89

18.86

1.215

D/E ratiox

1.591

1.388

1.443

1.522

1.508

1.504

1.503

1.336

1.410

1.260

1.192

1.410

1.473

6.244

Enterprise value$B

14.86

17.45

17.47

19.66

22.79

23.35

22.95

23.88

24.52

26.27

16.86

2.89%

7.58%

11.21

LT debt$B

23.35

22.71

25.68

25.53

30.38

34.60

38.47

43.07

48.60

49.03

6.457

10.04%

8.51%

Peers (US$78.20B)

Cap (US$)

Grupo México, S.A.B.…

91.60B

12.94x

Saudi Arabian Mining…

63.03B

29.82x

Anglo American plc

53.36B

—

Vale S.A.

49.48B

127.4x

Capital

TTM

10Y

Leveragex

6.532

(0.051)

(0.039)

EBIT/Intx

1.365

2.289

1.949

Own earn%

(1032.53)

46.81

57.01

Sh yield%

27.07

18.51

21.38

Owners

Insiders/Inst%

1.95

69.68

Short interest%

4.64

SBC / revenue%

1.05

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

26–31

$1 testx

−0.3

Incr. ROIC%

Glencore plc produces, refines, transports and markets metals, minerals and energy products across the Americas, Europe, Asia, Africa and Oceania through Marketing Activities and Industrial Activities segments. Its products include copper, cobalt, aluminum, coal, crude oil and natural gas; it also markets third-party commodities to battery, automotive, steel and energy industries and provides financing and logistics services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$23.02B

5.34%

1.00×

Cost of revenue

$12.01B

5.29%

1.00×

Operating expenses

$5.438B

5.38%

1.00×