Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products.
Adequate balance sheet and fair value.
Share Price & News
How has Glencore's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLEN's share price has been volatile over the past 3 months.
7 Day Return
GB Metals and Mining
1 Year Return
GB Metals and Mining
Return vs Industry: GLEN underperformed the UK Metals and Mining industry which returned -27.1% over the past year.
Return vs Market: GLEN underperformed the UK Market which returned -22.7% over the past year.
Price Volatility Vs. Market
How volatile is Glencore's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StAn Intrinsic Calculation For Glencore plc (LON:GLEN) Suggests It's 50% Undervalued
1 month ago | Simply Wall StDid You Manage To Avoid Glencore's (LON:GLEN) 24% Share Price Drop?
2 months ago | Simply Wall StDoes Glencore's (LON:GLEN) Statutory Profit Adequately Reflect Its Underlying Profit?
Is Glencore undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GLEN (£1.24) is trading below our estimate of fair value (£4.75)
Significantly Below Fair Value: GLEN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GLEN is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: GLEN is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GLEN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GLEN is good value based on its PB Ratio (0.5x) compared to the GB Metals and Mining industry average (0.8x).
How is Glencore forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: GLEN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GLEN's is expected to become profitable in the next 3 years.
Revenue vs Market: GLEN's revenue (1.8% per year) is forecast to grow slower than the UK market (2.6% per year).
High Growth Revenue: GLEN's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GLEN's Return on Equity is forecast to be low in 3 years time (6.9%).
How has Glencore performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLEN is currently unprofitable.
Growing Profit Margin: GLEN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GLEN is unprofitable, but has reduced losses over the past 5 years at a rate of 34.7% per year.
Accelerating Growth: Unable to compare GLEN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GLEN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.2%).
Return on Equity
High ROE: GLEN has a negative Return on Equity (-3.84%), as it is currently unprofitable.
How is Glencore's financial position?
Financial Position Analysis
Short Term Liabilities: GLEN's short term assets ($41.8B) exceed its short term liabilities ($39.4B).
Long Term Liabilities: GLEN's short term assets ($41.8B) do not cover its long term liabilities ($45.4B).
Debt to Equity History and Analysis
Debt Level: GLEN's debt to equity ratio (90.3%) is considered high.
Reducing Debt: GLEN's debt to equity ratio has reduced from 102.3% to 90.3% over the past 5 years.
Inventory Level: GLEN has a high level of physical assets or inventory.
Debt Coverage by Assets: GLEN's debt is covered by short term assets (assets are 1.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GLEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GLEN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.8% per year.
What is Glencore's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GLEN's dividend (12.99%) is higher than the bottom 25% of dividend payers in the UK market (2.7%).
High Dividend: GLEN's dividend (12.99%) is in the top 25% of dividend payers in the UK market (7.3%)
Stability and Growth of Payments
Stable Dividend: GLEN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GLEN's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: GLEN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: GLEN's dividends in 3 years are forecast to be covered by earnings (69.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ivan Glasenberg (62yo)
Mr. Ivan Glasenberg serves as the Chief Executive Officer of Glencore International AG since January 2002 and Glencore plc since 2011. Mr. Glasenberg joined Glencore in April 1984. Mr. Glasenberg initially ...
CEO Compensation Analysis
Compensation vs Market: Ivan's total compensation ($USD1.50M) is below average for companies of similar size in the UK market ($USD5.57M).
Compensation vs Earnings: Ivan's compensation has been consistent with company performance over the past year.
|CEO & Director||18.17yrs||US$1.50m||9.17% $1.5b|
|Chief Financial Officer||14.75yrs||US$242.00k||no data|
|Head of Investor Relations & Communications||no data||no data||no data|
|General Counsel||0.75yr||no data||no data|
|Chief Risk Officer||9yrs||no data||no data|
|Chief Geologist||no data||no data||no data|
|Head of Sustainability||no data||no data||no data|
|Head of Business Development||no data||no data||no data|
|Head of Industrial Assets||1.25yrs||no data||no data|
|Head of Coal Assets||1.25yrs||no data||no data|
Experienced Management: GLEN's management team is seasoned and experienced (5.1 years average tenure).
|CEO & Director||18.17yrs||US$1.50m||9.17% $1.5b|
|Independent Non-Executive Director||8.92yrs||US$280.00k||no data|
|Senior Independent Director||1.83yrs||US$300.00k||0.00038% $62.3k|
|Independent Non-Executive Director||6.75yrs||US$200.00k||0.0057% $929.2k|
|Independent Non-Executive Director||0.083yr||no data||no data|
|Independent Non-Executive Chairman||6.83yrs||US$1.15m||0.0019% $303.2k|
|Non-Executive Director||8.92yrs||US$310.00k||0.012% $2.0m|
|Independent Non-Executive Director||2.17yrs||US$240.00k||no data|
|Independent Non-Executive Director||5.75yrs||US$265.00k||0.00033% $54.1k|
Experienced Board: GLEN's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Glencore plc's company bio, employee growth, exchange listings and data sources
- Name: Glencore plc
- Ticker: GLEN
- Exchange: LSE
- Founded: 1974
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: UK£16.388b
- Shares outstanding: 13.22b
- Website: https://www.glencore.com
Number of Employees
- Glencore plc
- Baarermattstrasse 3
- PO Box 777
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GLEN||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||May 2011|
|8GC||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2011|
|GLCN.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2011|
|GLENL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||May 2011|
|GLEN N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||May 2011|
|GLN||JSE (The Johannesburg Securities Exchange)||Yes||Ordinary Shares||ZA||ZAR||May 2011|
|8GC||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||May 2011|
|GLNC.Y||OTCPK (Pink Sheets LLC)||UNSPON ADR EA REPR 2 ORD||US||USD||Jul 2011|
|8GCA||DB (Deutsche Boerse AG)||UNSPON ADR EA REPR 2 ORD||DE||EUR||Jul 2011|
|0IVW||LSE (London Stock Exchange)||UNSPON ADR EA REPR 2 ORD||GB||USD||Jul 2011|
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, energy products, and agricultural products. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations covering crude oil, oil products, steam coal, and metallurgical coal; and investments in ports, vessels, and storage facilities. The Agricultural Products segment engages in the storage, handling, processing, and port facilities of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton, and sugar. Glencore plc markets and delivers physical commodities sourced from third party producers and its production to industrial consumers in the automotive, steel, power generation, oil, semi-fabricator, and food processing industries. The company also provides financing, logistics, and other services to producers and consumers of commodities. It operates in the Americas, Europe, Asia, Africa, Oceania, and internationally. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in May 2014. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 22:31|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.