Glencore Past Earnings Performance

Past criteria checks 0/6

Glencore has been growing earnings at an average annual rate of 38.7%, while the Metals and Mining industry saw earnings growing at 10.9% annually. Revenues have been growing at an average rate of 5% per year.

Key information

38.7%

Earnings growth rate

39.0%

EPS growth rate

Metals and Mining Industry Growth	36.2%
Revenue growth rate	5.0%
Return on equity	-5.5%
Net Margin	-0.2%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Glencore makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:GLN Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	227,505	-521	2,051
31 Mar 24	222,667	1,880	2,068
31 Dec 23	217,829	4,280	2,084
30 Sep 23	223,397	7,042	2,200
30 Jun 23	228,964	9,803	2,315
31 Mar 23	242,474	13,562	2,501
31 Dec 22	255,984	17,320	2,686
30 Sep 22	250,183	16,551	2,590
30 Jun 22	244,381	15,782	2,494
31 Mar 22	224,066	10,378	2,305
31 Dec 21	203,751	4,974	2,115
30 Sep 21	184,467	3,474	1,940
30 Jun 21	165,182	1,974	1,765
31 Mar 21	153,760	36	1,723
31 Dec 20	142,338	-1,903	1,681
30 Sep 20	160,491	-2,566	1,687
30 Jun 20	178,643	-3,230	1,692
31 Mar 20	196,877	-1,817	1,542
31 Dec 19	215,111	-404	1,391
30 Sep 19	217,255	227	1,300
30 Jun 19	219,399	858	1,209
31 Mar 19	219,962	2,133	1,295
31 Dec 18	220,524	3,408	1,381
30 Sep 18	217,134	4,756	1,426
30 Jun 18	213,743	6,103	1,471
31 Mar 18	209,610	5,940	1,391
31 Dec 17	205,476	5,777	1,310
30 Sep 17	194,643	3,942	1,262
30 Jun 17	183,810	2,107	1,213
31 Mar 17	168,379	682	1,158
31 Dec 16	152,948	-744	1,102
30 Sep 16	147,934	-2,790	1,095
30 Jun 16	142,919	-4,836	1,087
31 Mar 16	145,135	-5,028	1,092
31 Dec 15	147,351	-5,220	1,096
30 Sep 15	164,109	-2,708	1,119
30 Jun 15	180,866	-197	1,142
31 Mar 15	200,970	1,056	1,223
31 Dec 14	221,073	2,308	1,304
30 Sep 14	227,898	2,684	1,321
30 Jun 14	234,723	3,060	1,337
31 Mar 14	233,709	-2,493	1,272
31 Dec 13	232,694	-8,046	1,206

Quality Earnings: GLN is currently unprofitable.

Growing Profit Margin: GLN is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GLN is unprofitable, but has reduced losses over the past 5 years at a rate of 38.7% per year.

Accelerating Growth: Unable to compare GLN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GLN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-35.5%).

Return on Equity

High ROE: GLN has a negative Return on Equity (-5.48%), as it is currently unprofitable.

Glencore Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

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

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

First half 2023 earnings released: EPS: US$0.36 (vs US$0.92 in 1H 2022)

Full year 2022 earnings: EPS and revenues miss analyst expectations

Full year 2022 earnings released: EPS: US$1.33 (vs US$0.38 in FY 2021)

First half 2022 earnings released

Recent updates

Yancoal Reportedly Primed to Snap Up Anglo Coal Portfolio

Yancoal Could Target Kestrel If its Anglo Ambitions Fail to Fly

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

First half dividend of US$0.065 announced

Glencore May Seek M&A

Glencore plc Revises Production Guidance for the Year 2024

Glencore Reportedly Eyes Anglo Coal Assets

Independent Non-Executive Director recently bought R2.3m worth of stock

Glencore Reportedly Studying an Approach for Anglo American

Dividend of US$0.065 announced

Glencore plc Provides Production Guidance for the Year 2024

Upcoming dividend of US$0.065 per share

Glencore plc Announces Board Changes

New minor risk - Earnings quality

Tribeca Investment Partners Asks Glencore to Move Main Listing to Sydney

Now 21% overvalued

Final dividend of US$0.065 announced

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

Glencore plc Provides Production Guidance for the Year 2024

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

Now 21% undervalued

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 (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$0.22 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 released: EPS: US$0.36 (vs US$0.92 in 1H 2022)

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

Glencore plc Announces Retirement of Patrice Merrin from the Board

Upcoming dividend of US$0.22 per share at 7.6% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued after recent price drop

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 released: EPS: US$1.33 (vs US$0.38 in FY 2021)

Glencore plc Provides Production Guidance for the Year 2023

Britishvolt in Talks to Sell Majority Stake

Glencore plc, Annual General Meeting, May 26, 2023

Glencore plc Announces Board Position Changes

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.

Glencore plc Provides Production Guidance for the Year 2022

Upcoming dividend of US$0.13 per share

First half 2022 earnings released

High number of new directors

Glencore plc Appoints Liz Hewitt as Independent Non-Executive Director

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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