Glencore Future Growth

Future criteria checks 1/6

Glencore's revenue is forecast to decline at 0.5% per annum while its annual earnings are expected to grow at 10.3% per year. EPS is expected to grow by 11.2% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

10.3%

Earnings growth rate

11.2%

EPS growth rate

Metals and Mining earnings growth	11.1%
Revenue growth rate	-0.5%
Future return on equity	14.0%
Analyst coverage	Good
Last updated	18 May 2024

Recent future growth updates

Recent updates

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

May 23

Investors Shouldn't Overlook Glencore's (LON:GLEN) Impressive Returns On Capital

Oct 01

An Intrinsic Calculation For Glencore plc (LON:GLEN) Suggests It's 38% Undervalued

Jun 23

Does Glencore (LON:GLEN) Deserve A Spot On Your Watchlist?

Jun 08

We Think Glencore (LON:GLEN) Can Stay On Top Of Its Debt

May 12

The Trend Of High Returns At Glencore (LON:GLEN) Has Us Very Interested

Apr 11

Here's Why We Think Glencore (LON:GLEN) Is Well Worth Watching

Mar 02

Returns on Capital Paint A Bright Future For Glencore (LON:GLEN)

Jan 05

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

Dec 03

Here's Why We Think Glencore (LON:GLEN) Is Well Worth Watching

Nov 17

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
12/31/2026	213,302	7,025	7,196	14,153	11
12/31/2025	216,631	6,880	7,048	14,396	12
12/31/2024	217,563	4,874	6,158	12,688	9
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	1,094	4,932	N/A
12/31/2017	205,476	5,777	1,231	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
12/31/2013	232,694	-8,046	N/A	9,184	N/A
9/30/2013	225,604	-9,351	N/A	8,914	N/A
6/30/2013	218,514	-10,657	N/A	8,644	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLEN's forecast earnings growth (10.3% per year) is above the savings rate (1.8%).

Earnings vs Market: GLEN's earnings (10.3% per year) are forecast to grow slower than the UK market (13.4% per year).

High Growth Earnings: GLEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: GLEN's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: GLEN's revenue is forecast to decline over the next 3 years (-0.5% 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 (14%).

Glencore Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

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

Glencore plc Revises Production Guidance for the Full Year 2023

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 10%

Recent updates

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's (LON:GLEN) Low P/E No Reason For Excitement

Does Glencore (LON:GLEN) Have A Healthy Balance Sheet?

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

Is Glencore plc (LON:GLEN) Trading At A 34% Discount?

Investors Shouldn't Overlook Glencore's (LON:GLEN) Impressive Returns On Capital

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%

An Intrinsic Calculation For Glencore plc (LON:GLEN) Suggests It's 38% Undervalued

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.

Does Glencore (LON:GLEN) Deserve A Spot On Your Watchlist?

Glencore Prepares Improved Offer for Teck Resources to Break Deadlock

We Think Glencore (LON:GLEN) Can Stay On Top Of Its Debt

Glencore plc Announces Retirement of Patrice Merrin from the Board

Upcoming dividend of US$0.22 per share at 7.3% yield

The Trend Of High Returns At Glencore (LON:GLEN) Has Us Very Interested

Consensus EPS estimates fall by 10%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 15%

Here's Why We Think Glencore (LON:GLEN) Is Well Worth Watching

Glencore Mulls Sale of Volcan Compania Minera Stake

Glencore plc Recommends Distribution of the Financial Year Ended 31 December 2022, Payable on June 1, 2023 and 22 September, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 19%, revenue upgraded

Glencore plc Provides Production Guidance for the Year 2023

Britishvolt in Talks to Sell Majority Stake

Returns on Capital Paint A Bright Future For Glencore (LON:GLEN)

Glencore plc, Annual General Meeting, May 26, 2023

Glencore plc Announces Board Position Changes

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

Here's Why We Think Glencore (LON:GLEN) Is Well Worth Watching

High number of new directors

Glencore plc (LSE:GLEN) entered into an agreement to acquire Yauliyacu Mine from Wheaton Precious Metals Corp. (TSX:WPM) for $150 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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