Glencore (GLEN)

Sector:

Mining

Index:

FTSE 100

476.00p
   
  • Change Today:
      12.45p
  • 52 Week High: 485.70
  • 52 Week Low: 368.95
  • Currency: UK Pounds
  • Shares Issued: 12,201m
  • Volume: 36,393,237
  • Market Cap: £58,075m

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 2.2% 6.4% 5.5% 4.1% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted 13.4 4.9 9.0 15.4 18.4
PE Ratio - Diluted 17.4
11.7		 5.2
5.0		 12.7
10.2		 n/a
23.2		 n/a
n/a
PEG - Adjusted n/a 0.0 0.1 0.8 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
0.0		 n/a
n/a		 n/a
n/a
Return on Capital Employed 9.68%
12.84%		 30.79%
32.68%		 0.11%
0.13%		 n/a
1.31%		 1.00%
n/a
Operating Margin 3.97%
5.07%		 10.36%
10.94%		 2.89%
3.47%		 (2.89%)
0.32%		 (0.41%)
0.81%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 13.4 4.9 894.7 15.4 18.4
PE Ratio - Diluted 17.4
11.7		 5.2
5.0		 1,257.4
1,007.8		 n/a
23.2		 n/a
18.2
PEG - Adjusted n/a 0.0 n/a 0.8 n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.0

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 69.56% 54.35% 78.64% 95.60% 87.26%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 259.42¢ 299.48¢ 232.37¢ 211.36¢ 235.53¢
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 217,829.00 255,984.00 2,056.67 142,338.00 215,111.00
EBITDA 14,635.00
17,017.00		 33,502.00
34,988.00		 123.47
135.41		 2,564.00
7,133.00		 (886.29)
1,748.71
Depreciation (5,981.00)
(5,981.00)		 (6,987.00)
(6,987.00)		 (63.95)
(63.95)		 (6,671.00)
(6,671.00)		 n/a
n/a
Net Interest (1,900.00)
(1,900.00)		 (1,336.00)
(1,336.00)		 (11.51)
(11.51)		 (1,453.00)
(1,453.00)		 (1.71)
(1.71)
Profit Before Tax 5,417.00
7,799.00		 22,879.00
24,365.00		 74.44
86.38		 (5,116.00)
(455.00)		 (888.00)
(1,444.00)
           
Revenue per Share 1,753.04¢ 1,962.72¢ 15.58¢ 1,076.94¢ 1,571.98¢
Pre-Tax Profit per Share 43.59¢
62.76¢		 175.42¢
186.81¢		 0.56¢
0.65¢		 (38.71¢)
(3.44¢)		 (6.49¢)
(10.55¢)
Market Capitalisation $ (Millions) 63,969.55 77,812.17 54,690.96 33,985.85 3,432.86
Enterprise Value (EV) $ (Millions) 91,023.55 100,480.17 83,374.96 68,802.85 37,857.86
EBITDA/EV 16.08%
18.70%		 33.34%
34.82%		 0.15%
0.16%		 3.73%
10.37%		 (2.34%)
4.62%
Operating Margin 3.97%
5.07%		 10.36%
10.94%		 2.89%
3.47%		 (2.89%)
0.32%		 (0.41%)
0.81%
Capital Employed $ (Millions) 75,551.00 78,650.00 75,909.00 75,905.00 82,139.00
Return on Capital Employed 9.68%
12.84%		 30.79%
32.68%		 0.11%
0.13%		 n/a
1.31%		 1.00%
n/a
Invested Equity Capital $ (Millions) 54,655.00 60,224.00 50,517.00 48,128.00 53,140.00
           
Earnings per Share - Basic 34.00¢
51.18¢		 133.00¢
140.37¢		 38.00¢
46.63¢		 (14.00¢)
12.56¢		 (3.00¢)
(7.01¢)
Earnings per Share - Diluted 34.00¢
50.72¢		 132.00¢
139.31¢		 37.00¢
46.17¢		 (14.00¢)
12.56¢		 (3.00¢)
(6.97¢)
Earnings per Share - Adjusted 44.00¢ 140.00¢ 52.00¢ 19.00¢ 16.00¢
Earnings per Share Growth - Basic -74%
-64%		 250%
201%		 n/a
271%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Diluted -74%
-64%		 257%
202%		 n/a
268%		 n/a
n/a		 n/a
n/a
Earnings per Share Growth - Adjusted -69% 169% 174% 19% -50%
PE Ratio - Diluted 17.4
11.7		 5.2
5.0		 12.7
10.2		 n/a
23.2		 n/a
n/a
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
0.0		 n/a
n/a		 n/a
n/a
Tax Rate 32.68% 25.29% 63.61% 21.04% (69.59%)
Dividend Cover 3.38
3.94		 3.18
3.19		 2.00
1.79		 1.58
1.05		 n/a
n/a
Interest Cover 3.15
4.10		 13.92
14.76		 6.47
7.35		 (2.25)
0.71		 (456.73)
(743.33)
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 34.00¢
51.18¢		 133.00¢
140.37¢		 0.38¢
0.47¢		 (14.00¢)
12.56¢		 (3.00¢)
16.35¢
Earnings per Share - Diluted 34.00¢
50.72¢		 132.00¢
139.31¢		 0.37¢
0.47¢		 (14.00¢)
12.56¢		 (3.00¢)
16.24¢
Earnings per Share - Adjusted 44.00¢ 140.00¢ 0.53¢ 19.00¢ 16.00¢
Earnings per Share Growth - Basic -74%
-64%		 34,574%
29,722%		 n/a
-96%		 n/a
-23%		 n/a
649%
Earnings per Share Growth - Diluted -74%
-64%		 35,243%
29,796%		 n/a
-96%		 n/a
-23%		 n/a
649%
Earnings per Share Growth - Adjusted -69% 26,572% -97% 19% n/a
PE Ratio - Diluted 17.4
11.7		 5.2
5.0		 1,257.4
1,007.8		 n/a
23.2		 n/a
18.2
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.0
Dividend Cover 3.38
3.94		 3.18
3.19		 0.02
0.02		 1.58
1.05		 n/a
n/a
Return on Equity (ROE) 7.83%
11.63%		 28.76%
30.40%		 0.10%
0.12%		 (3.95%)
3.45%		 (0.76%)
4.21%
Operating Cash Flow per Share 88.81¢ 104.73¢ 67.10¢ 20.16¢ 63.79¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.040¢) (9.66¢) 0.14¢ (2.78¢) (0.98¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 13.00¢ 44.00¢ 26.00¢ 12.00¢ n/a
Dividend per Share Growth (70.45%) 69.23% 116.67% n/a n/a
Dividend Yield 2.2% 6.4% 5.5% 4.1% 0.0%
Shareholders Funds 43,580.00 49,410.00 39,931.00 37,637.00 40,274.00
Net Borrowings $ (Millions) 30,316.00 26,854.00 31,400.00 35,981.00 35,144.00
Net Asset Value per Share (inc. Intangibles) 302.42¢ 331.61¢ 255.19¢ 235.84¢ 243.11¢

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 43,580.00 49,410.00 39,931.00 37,637.00 40,274.00
Net Borrowings $ (Millions) 30,316.00 26,854.00 31,400.00 35,981.00 35,144.00
Net Gearing 69.56% 54.35% 78.64% 95.60% 87.26%
Cash & Near Cash 1,925.00 1,923.00 3,241.00 1,498.00 1,899.00
Cash 4.42% 3.89% 8.12% 3.98% 4.72%
Gross Borrowings 32,241.00 28,777.00 34,641.00 37,479.00 37,043.00
Gross Gearing 73.98% 58.24% 86.75% 99.58% 91.98%
Borrowings Under 5 years 32,241.00 28,777.00 34,641.00 37,479.00 37,043.00
Under 5 years 73.98% 58.24% 86.75% 99.58% 91.98%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 37,578.00 43,250.00 33,696.00 31,170.00 33,268.00
Net Borrowings $ (Millions) 30,316.00 26,854.00 31,400.00 35,981.00 35,144.00
Net Gearing 80.67% 62.09% 93.19% 115.43% 105.64%
Cash & Near Cash 1,925.00 1,923.00 3,241.00 1,498.00 1,899.00
Cash 5.12% 4.45% 9.62% 4.81% 5.71%
Gross Borrowings 32,241.00 28,777.00 34,641.00 37,479.00 37,043.00
Gross Gearing 85.80% 66.54% 102.80% 120.24% 111.35%
Borrowings Under 5 years 32,241.00 28,777.00 34,641.00 37,479.00 37,043.00
Under 5 years 85.80% 66.54% 102.80% 120.24% 111.35%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio 0.56 0.64 0.59 0.49 0.55
Current Ratio 1.22 1.29 1.17 1.07 1.06

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 3: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 4: Normalised ratios are shown in blue text

Note 5: Forecast figures based on normalised accounts.

 

Top of Page