Glencore Future Growth

Future criteria checks 3/6

Glencore's revenue is forecast to decline at 1% per annum while its annual earnings are expected to grow at 44.4% per year. EPS is expected to grow by 45.5% per annum. Return on equity is forecast to be 13% in 3 years.

Key information

44.4%

Earnings growth rate

45.5%

EPS growth rate

Metals and Mining earnings growth	23.8%
Revenue growth rate	-1.0%
Future return on equity	13.0%
Analyst coverage	Good
Last updated	20 Dec 2024

Recent future growth updates

Recent updates

We Think Shareholders Will Probably Be Generous With Glencore plc's (LON:GLEN) CEO Compensation

May 23

Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

Apr 25

These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively

Mar 14

Returns On Capital Are A Standout For Glencore (LON:GLEN)

Feb 20

Is Glencore plc (LON:GLEN) Trading At A 49% Discount?

Jan 25

Earnings and Revenue Growth Forecasts

LSE:GLEN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	215,434	6,058	8,555	13,055	3
12/31/2026	224,752	5,886	7,969	12,604	13
12/31/2025	224,783	5,085	6,250	11,687	14
12/31/2024	230,836	2,287	6,042	10,967	14
6/30/2024	227,505	-521	5,322	10,104	N/A
3/31/2024	222,667	1,880	5,937	10,570	N/A
12/31/2023	217,829	4,280	6,552	11,036	N/A
9/30/2023	223,397	7,042	8,054	12,486	N/A
6/30/2023	228,964	9,803	9,555	13,936	N/A
3/31/2023	242,474	13,562	9,519	13,798	N/A
12/31/2022	255,984	17,320	9,482	13,659	N/A
9/30/2022	250,183	16,551	7,315	11,377	N/A
6/30/2022	244,381	15,782	5,147	9,095	N/A
3/31/2022	224,066	10,378	5,195	8,978	N/A
12/31/2021	203,751	4,974	5,242	8,860	N/A
9/30/2021	184,467	3,474	5,005	8,596	N/A
6/30/2021	165,182	1,974	4,767	8,331	N/A
3/31/2021	153,760	36	1,931	5,498	N/A
12/31/2020	142,338	-1,903	-905	2,664	N/A
9/30/2020	160,491	-2,566	N/A	N/A	N/A
6/30/2020	178,643	-3,230	-419	3,735	N/A
3/31/2020	196,877	-1,817	1,799	6,232	N/A
12/31/2019	215,111	-404	4,017	8,729	N/A
9/30/2019	217,255	227	N/A	N/A	N/A
6/30/2019	219,399	858	6,404	11,254	N/A
3/31/2019	219,962	2,133	6,638	11,407	N/A
12/31/2018	220,524	3,408	6,872	11,559	N/A
9/30/2018	217,134	4,756	3,914	8,303	N/A
6/30/2018	213,743	6,103	956	5,047	N/A
3/31/2018	209,610	5,940	N/A	4,932	N/A
12/31/2017	205,476	5,777	N/A	4,817	N/A
9/30/2017	194,643	3,942	N/A	5,527	N/A
6/30/2017	183,810	2,107	N/A	6,236	N/A
3/31/2017	168,379	682	N/A	5,535	N/A
12/31/2016	152,948	-744	N/A	4,833	N/A
9/30/2016	147,934	-2,790	N/A	7,023	N/A
6/30/2016	142,919	-4,836	N/A	9,212	N/A
3/31/2016	145,135	-5,028	N/A	11,215	N/A
12/31/2015	147,351	-5,220	N/A	13,218	N/A
9/30/2015	164,109	-2,708	N/A	12,212	N/A
6/30/2015	180,866	-197	N/A	11,205	N/A
3/31/2015	200,970	1,056	N/A	9,671	N/A
12/31/2014	221,073	2,308	N/A	8,136	N/A
9/30/2014	227,898	2,684	N/A	7,580	N/A
6/30/2014	234,723	3,060	N/A	7,023	N/A
3/31/2014	233,709	-2,493	N/A	8,104	N/A

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 (2.1%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: GLEN's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: GLEN's revenue is forecast to decline over the next 3 years (-1% 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 (13%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/31 18:00
End of Day Share Price	2024/12/31 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Glencore plc is covered by 42 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Teun Teeuwisse	ABN AMRO Bank N.V.
Pierre-Yves Gauthier	AlphaValue
Wade Napier	Avior Capital Markets

Glencore Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 14%

Glencore plc Revises Production Guidance for the Year 2024

Consensus EPS estimates increase by 14%

Consensus EPS estimates increase by 17%, revenue downgraded

Glencore plc Provides Production Guidance for the Year 2024

Glencore plc Provides Production Guidance for the Year 2024

Recent updates

Glencore plc to Report Fiscal Year 2024 Results on Feb 19, 2025

Glencore plc Announces Retirement of David Wormsley as Director, Effective 31 December 2024

Glencore's (LON:GLEN) Returns On Capital Are Heading Higher

Now 20% undervalued after recent price drop

Yancoal Reportedly Primed to Snap Up Anglo Coal Portfolio

Now 20% undervalued after recent price drop

Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

Now 21% undervalued after recent price drop

Lacklustre Performance Is Driving Glencore plc's (LON:GLEN) Low P/S

Now 21% undervalued after recent price drop

Glencore (LON:GLEN) Has A Somewhat Strained Balance Sheet

Yancoal Could Target Kestrel If its Anglo Ambitions Fail to Fly

Upcoming dividend of US$0.065 per share

Glencore plc Announces Dividend Distribution, Payable on September 20, 2024

First half dividend of US$0.065 announced

Glencore May Seek M&A

Consensus EPS estimates fall by 14%

Glencore plc Revises Production Guidance for the Year 2024

Glencore Reportedly Eyes Anglo Coal Assets

The Return Trends At Glencore (LON:GLEN) Look Promising

Consensus EPS estimates increase by 14%

With Glencore plc (LON:GLEN) It Looks Like You'll Get What You Pay For

We Think Shareholders Will Probably Be Generous With Glencore plc's (LON:GLEN) CEO Compensation

Consensus EPS estimates increase by 17%, revenue downgraded

Glencore Reportedly Studying an Approach for Anglo American

Dividend of US$0.065 announced

Glencore plc Provides Production Guidance for the Year 2024

Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

Upcoming dividend of US$0.065 per share

Glencore plc Announces Board Changes

New minor risk - Earnings quality

These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively

Tribeca Investment Partners Asks Glencore to Move Main Listing to Sydney

Final dividend of US$0.065 announced

Full year 2023 earnings released: EPS: US$0.34 (vs US$1.33 in FY 2022)

Returns On Capital Are A Standout For Glencore (LON:GLEN)

Glencore plc Provides Production Guidance for the Year 2024

Is Glencore plc (LON:GLEN) Trading At A 49% Discount?

Glencore plc to Report Fiscal Year 2023 Results on Feb 21, 2024

Glencore plc (LSE:GLEN) entered into a binding agreement to acquire 77% stake in Elk Valley Resources Ltd. from Teck Resources Limited (TSX:TECK.B) for $6.93 billion.

Glencore plc Revises Production Guidance for the Full Year 2023

JFE Steel Reportedly Eyes Stake in Teck Resources' Coal Business

Glencore plc Declares Additional Distribution for the Second Half of Financial Year Ended 31 December 2022, Payable on 22 September 2023

Upcoming dividend of US$0.30 per share at 8.0% yield

JSW Steel Reportedly May Pick Majority Stake in Teck Coal Unit

New minor risk - Profit margin trend

First half 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

Bunge Limited (NYSE:BG) entered into a definitive agreement to acquire Viterra B.V. from British Columbia Investment Management Corporation, Canada Pension Plan Investment Board and Glencore plc (LSE:GLEN) for $8.2 billion.

Bunge Limited (NYSE:BG) entered into a definitive agreement to acquire Viterra B.V. from British Columbia Investment Management Corporation, Canada Pension Plan Investment Board and Glencore plc (LSE:GLEN) for $8.2 billion.

Glencore Prepares Improved Offer for Teck Resources to Break Deadlock

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources