Stock · GLEN.L · Basic Materials

Glencore PLC

Switzerland · Large Cap · Revenue 12 mo. $303.7B

Price as of 11/06/2026

Score with PlusTo the score
Price
£4.95
1 Y +28.0%
Market cap
£58B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −1.1% a year (3 years)EBIT margin 1.2%Payout 88.1% of operating cash flow

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.

moreless

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. The company operates in two segments, Marketing Activities and Industrial Activities. It engages in the production and marketing of copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration and production and refining and distribution. The company is also involved in marketing and distributing physical commodities sourced from third party producers to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

Original text from the data provider

Summary

Glencore PLC is below the middle of the Basic Materials sector overall

29.6 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires more than 30% FCF growth a year, for 10 years.

If free cash flow stays at €353M (2025), it supports €3.9B. The remaining €65.6B of the market value assume it grows more than 30% a year for 10 years and not at all afterwards.

Required FCF growth per year

over 30%

no growth afterwards

Market value breakdown€69.5B market value, price as of 11/06/2026

€3.9B without growth
€65.6B priced-in growth
  • 5 yrs achieved −6.2%
  • 10 yrs achieved 1.0%
  • priced in above 30%

Valuation against its own history

Price to operating cash flow 12.1×, above its usual range.

Middle half of 20 quarters: 6.8× to 10.2×, median 7.8×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, 3 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 2.1% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in more than 30%, achieved at most 1.0%
  • Dividend above free cash flow payout 924.1% of FCF
  • Volatile earnings 7 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q3 2026

Mostly better than the previous quarter: 4 of 5 changes for the better.

  • Revenue, 12 mo.$248.1B → $303.7B+22.4%better
  • FCF, 12 mo.$139.8M → −$97.0Msign changedworse
  • Gross margin2.3% → 3.4%+1.1 ppbetter
  • EBIT margin1.3% → 2.5%+1.2 ppbetter
  • Return on equity1.0% → 12.9%+11.9 ppbetter

3 more unchanged: FCF margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability9.0below the middleEarns less than the sector: Gross margin 2.22%, sector 34.18%.
MetricStockSector medianPosition in sector
Return on equity0.93%10.66%Rank 12
Return on capital (Greenblatt)5.45%14.75%Rank 12
EBIT margin1.16%15.82%Rank 5
FCF margin0.16%8.70%Rank 13
Gross margin2.22%34.18%Rank 3
Growth20.5below the middleGrows more slowly than the sector: Earnings growth, 3 years per year −71.63%, sector 0.28%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year7.18%4.25%Rank 57
Earnings growth, 3 years per year−71.63%0.28%Rank 1
Earnings growth, 5 years per yeardoes not count towards the rank–13.36%
Sustainable growth (ROE × retained earnings)2.45%9.35%Rank 4
Valuation32.6below the middleValued higher than the sector: EV/EBIT 40.48, sector 14.61.
MetricStockSector medianPosition in sector
Earnings yield0.45%4.98%Rank 10
FCF yield0.51%3.94%Rank 13
EV/saleslower is better0.472.36Rank 100
EV/EBITlower is better40.4814.61Rank 8
Momentum50.2around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year28.03%8.75%Rank 81
Share price, 6 months−11.60%−1.37%Rank 33
Share price, 3 months−5.97%−1.16%Rank 31
Distance from 52-week high−21.28%−21.97%Rank 56
Quality43.0around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−0.84%0.63%Rank 66
Change in share countlower is better−0.77%−0.01%Rank 64
Dividend streak in years13Rank 35
Price reaction to results, market-adjusted−6.20%0.05%Rank 8
Balance sheet & risk22.1below the middleMore risk than the sector: Equity ratio 27.33%, sector 54.83%.
MetricStockSector medianPosition in sector
Equity ratio27.33%54.83%Rank 4
Net debt/EBITDAlower is better3.661.01Rank 10
Debt to equitylower is better1.070.37Rank 9
Volatility, 1 yearlower is better31.69%37.23%Rank 66

Ten years in figures

Revenue from $152.9B (2016) to $247.5B (2025), 5.5% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
2016152.90.9%$1.8B14.4B30.7
2017205.52.3%$1.2B14.4B31.8
2018219.82.4%$6.9B14.3B32.9
2019215.10.9%$4.0B13.8B35.1
2020142.3−1.1%−$905.0M13.2B36.1
2021203.83.6%$5.2B13.3B31.9
2022256.07.7%$9.5B13.1B26.9
2023217.84.0%$6.6B12.5B30.6
2024230.91.8%$4.4B12.2B35.9
2025247.51.2%$395.1M12.1B38.5

Score, radar and strategy match for Glencore PLC are visible with Plus. Metrics, price and sector comparison stay free.

Detail data

How does Glencore PLC stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

Strategy match visible with Plus

The match with the 18 strategies checked is visible with Plus.

  • Piotroski F-Score (9-Point Check)
  • Earnings Quality: Accrual Check (Sloan)
  • Mohanram G-Score: Growth Quality
  • Growth Momentum (CAN SLIM principle)
  • Trending Value: Value + Momentum
  • Altman Z-Score: Stress Test
  • StockScorer Score
  • Undervalued Stocks: Multi-Factor Check
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Moat Quality
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)

Glencore PLC key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Glencore PLC.

MetricStockSector
P/E ratio220.619.6
P/B ratio2.12.1
Return on equity (ROE)0.9%10.7%
Equity ratio27.3%54.8%
Debt-to-equity (D/E)1.070.37
Dividend yield4.7%2.1%

Similar stocks in Basic Materials

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
GLEN.LGlencore PLCthis page
1211.SRSaudi Arabian Mining Companylocked
GMEXICOB.MXGrupo México S.A.B. de C.Vlocked
AAL.LAnglo American PLClocked
VALE3.SAVale S.A.locked
603993.SSChina Molybdenum Co Ltd Class Alocked

Frequently asked questions about Glencore PLC stock

How does Glencore PLC stock (GLEN.L) score in the StockScorer model?
The StockScorer score for Glencore PLC is visible with Plus. The stock lies outside the basic universe (Germany 40, Germany Mid 50, Germany Small 70, Eurozone 50, S&P 500, NASDAQ-100).
What is Glencore PLC's P/E ratio?
Glencore PLC's P/E ratio is 220.6. The Basic Materials sector median is 19.6.
What sector is Glencore PLC in?
Glencore PLC is assigned to the Basic Materials sector. Its rank within the sector is 29.6 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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