GLENCORE PLC ORD USD0.01
Symbol: GLEN
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Company
Business Summary
Glencore PLC is a Switzerland-based producer and marketer of natural resources. The Company produces and markets a diverse range of metals and minerals - such as copper, cobalt, zinc, nickel and ferroalloys - and markets aluminium/alumina and iron ore from third parties. The Company is a producer and marketer of coal, with mines in Australia, Africa and South America - and a marketer of crude oil, refined products and natural gas. The Company physically source commodities and products from its global supplier base - and sell them to customers all over the world, transporting commodities by sea, rail and truck, storing, processing, and delivering them. The Company is also involved in the recycling of copper and precious metals.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Glencore PLC revenues decreased 15% to $217.83B. Net income decreased 75% to $4.28B. Revenues reflect Marketing Activities segment decrease of 13% to $186.71B, Industrial Activities segment decrease of 24% to $57.86B, Europe segment decrease of 27% to $64.13B, Asia segment decrease of 9% to $95.46B. Net income also reflects Gain on sale of Ernest Henry decrease from $512M (income) to $0K.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 217,829.00 | 255,984.00 | 203,751.00 | 142,338.00 | 215,111.00 | 220,524.00 |
Gross profit | 10,783.00 | 27,261.00 | 12,381.00 | 3,698.00 | 4,821.00 | 9,138.00 |
Operating Profit/Loss | 5,827.00 | 22,879.00 | 7,375.00 | -5,116.00 | -888.00 | 4,679.00 |
Profit Before Tax | 5,417.00 | 22,879.00 | 7,375.00 | -5,116.00 | -888.00 | 4,679.00 |
Profit After Tax | 3,210.00 | 16,511.00 | 4,349.00 | -3,946.00 | -1,506.00 | 2,616.00 |
Equity Holders of Parent Company | 4,280.00 | 17,320.00 | 4,974.00 | -1,903.00 | -404.00 | 3,408.00 |
Minority Interest | -4,273.00 | -3,382.00 | -2,389.00 | -1,192.00 | 64.00 | 437.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 65,257.00 | 65,800.00 | 71,055.00 | 75,834.00 | 82,524.00 | 84,404.00 |
Total Current Assets | 58,612.00 | 66,783.00 | 56,455.00 | 42,166.00 | 41,552.00 | 44,268.00 |
Total Assets | 123,869.00 | 132,583.00 | 127,510.00 | 118,000.00 | 124,076.00 | 128,672.00 |
Total Liabilities | 85,632.00 | 87,364.00 | 90,593.00 | 83,598.00 | 84,840.00 | 83,289.00 |
Total Net Assets | 38,237.00 | 45,219.00 | 36,917.00 | 34,402.00 | 39,236.00 | 45,383.00 |
Shareholders Funds | 43,580.00 | 49,410.00 | 39,931.00 | 37,637.00 | 40,274.00 | 45,738.00 |
Minority Interests | -4,273.00 | -3,382.00 | -2,389.00 | -1,192.00 | 64.00 | 437.00 |
Total Equity | 38,237.00 | 45,219.00 | 36,917.00 | 34,402.00 | 39,236.00 | 45,383.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy7 |
Buy3 |
Neutral5 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 7 | 3 | 5 | 0 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £226,058.00mn | £226,115.00mn | £220,386.00mn |
Pre-tax-Profit | £8,950.92mn | £10,130.10mn | £9,599.59mn |
EPS | £0.35p | £0.39p | £0.41p |
EPS Growth | -0.50% | 11.64% | 2.78% |
P/E | 13.75 | 12.26 | 12.04 |
PEG Ratio | -27.23 | 1.05 | 4.33 |
Dividend | 12.11p | 15.75p | 20.28p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
9th Nov 2023 | JP Morgan Cazenove | Reiteration | 430p | 0p | 0p | Not Rated |
28th Sep 2023 | Deutsche | Reiteration | 461p | 0p | 560p | Buy |
5th Sep 2023 | Deutsche | Reiteration | 432p | 0p | 0p | Buy |
6th Jul 2023 | Deutsche | Reiteration | 433p | 0p | 560p | Buy |
22nd Jun 2023 | Jefferies | Reiteration | 446p | 0p | 550p | Buy |
21st Jun 2023 | Morgan Stanley | Reiteration | 452p | 590p | 560p | Equal-weight |
14th Jun 2023 | Deutsche | Reiteration | 470p | 0p | 560p | Buy |
5th Jun 2023 | Deutsche | Reiteration | 430p | 575p | 560p | Buy |
24th Apr 2023 | JP Morgan Cazenove | Reiteration | 486p | 620p | 610p | Overweight |
24th Apr 2023 | Deutsche | Reiteration | 486p | 0p | 575p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
26 Apr 2024 | 14:51 | 472.35 | 944 | Buy |
26 Apr 2024 | 14:51 | 472.35 | 555 | Buy |
26 Apr 2024 | 14:51 | 472.35 | 615 | Buy |
26 Apr 2024 | 14:51 | 472.35 | 277 | Buy |
26 Apr 2024 | 14:51 | 472.35 | 760 | Buy |
26 Apr 2024 | 14:51 | 472.35 | 157 | Sell |
26 Apr 2024 | 14:51 | 472.3 | 226 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 556 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 1,418 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 782 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 1,371 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 691 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 695 | Buy |
26 Apr 2024 | 14:51 | 472.3 | 169 | Sell |
26 Apr 2024 | 14:51 | 472.2 | 183 | Buy |
26 Apr 2024 | 14:51 | 472.2 | 589 | Buy |
26 Apr 2024 | 14:51 | 472.2 | 679 | Buy |
26 Apr 2024 | 14:51 | 472.2 | 1,692 | Buy |
26 Apr 2024 | 14:51 | 472.25 | 161 | Buy |
26 Apr 2024 | 14:51 | 472.25 | 1,039 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.