Glencore PLC (ASX: GLC)

GLC $10.13

20 minute delayed

Today ▼ -0.78%

1 year return —

Volume 68,923

Div yield —

PE ratio 15.81

52 week range

10.13 11.45

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Performance

Share price activity

Last (Price): 10.13
Change: ▼ -0.08 (-0.78)
Bid / Ask: 10.13 - 10.16
Volume: 68,923
Turnover: 703,808
Open: 10.30
Day Range: 10.13 - 10.30
VWAP: 10.21
Prev Close: 10.21
Last Trade: 30/10 10:20am

Key information

Sector: Basic Materials
Shares Issued: 44,001,001
NTA/Share: 2.37
Last Dividend: —
Dividend Ex Date: —
Dividend Pay Date: —

Current (USD) · FY2025

Revenue: 247,535.00
EBITDA: 9,822.00
Profit: 363.00
Earnings Per Share (EPS): 0.03
Dividend Per Share (DPS): —
Yield %: 0.00
Market Cap: 118,704.26
Price to Earnings Ratio (P/E): 15.81

Estimates (GBP) · FY2027

Revenue: 235,809.78
EBITDA: 13,306.28
Profit: 5,643.41
Earnings Per Share (EPS): 0.48
Dividend Per Share (DPS): 0.32

Quantitative rating

Fairly valued

Economic Moat: None
Financial Health: Moderate
Uncertainty: Medium

Morningstar Quantitative Rating as of 28 OCT 2026.

Quantitative Equity Rating Methodology – view here

Fair value estimate

Five-star price 9.30 Fair value 10.38 One-star price 11.59

Morningstar Quantitative Rating as of 28 OCT 2026.

Quantitative valuation

Buy Sell

Fair Value: 10.38
Price / Fair Value: 0.99
Valuation: Fairly valued
Uncertainty: Medium

Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (9.30) to the one-star price (11.59).

Ratios
Currency (Price/reporting): AUD/USD
Exchange Rate: 1.4234

Price - closing or last bid	10.21
Price - 12 month high	11.45
Price - 12 month low	10.13
Pricing date	28 OCT 2026
Volume - avg. trading volume for the last ten days	6.63
Market capitalization	119,641.70
12 Month High price date	14 OCT 2026
12 Month Low price date	23 OCT 2026
Volume - avg. trading volume for the last 3 months	6.63
Price - 1 Day % Change	-0.39%
Price - 13 week price percent change	—
Price - 26 week price percent change	—
Price - 5 Day % Change	-1.83%
Price - 52 week price percent change	—
Price - YTD price percent change	—
Price % Change Month To Date	—

EPS excluding extraordinary items - most recent fiscal year	0.030
EPS excluding extraordinary items - trailing 12 month	0.450
EPS Normalized - most recent fiscal year	0.120
Revenue/share - most recent fiscal year	20.524
Revenue/share - trailing 12 month	25.404
Book value per share - most recent fiscal year	3.320
Book value per share - most recent half-year	3.555
Book value (tangible) per share - most recent fiscal year	2.365
Book value (tangible) per share - most recent half-year	2.648
Cash per share - most recent fiscal year	0.244
Cash per share - most recent half-year	0.309
Cash Flow per share - most recent fiscal year	0.551
Cash Flow per share - trailing 12 month	0.924
Dividend per share - most recent fiscal year	—
Dividends per share - trailing 12 month	0.000
EBITD per share - trailing 12 month	1.299
EPS Basic excluding extraordinary items - most recent fiscal year	0.030
EPS Basic excluding extraordinary items - trailing 12 month	0.450
EPS including extraordinary items - most recent fiscal year	0.030
EPS including extraordinary items - trailing 12 month	0.450
Free Cash Flow per share - trailing 12 month	0.360

P/E excluding extraordinary items, most recent fiscal year	15.37
P/E Normalized, most recent fiscal year	15.04
Price to sales - most recent fiscal year	0.27
Price to Tangible Book - most fiscal year	2.29
Price to Free Cash Flow per Share - most recent fiscal year	19.19
Price to Cash Flow per share - trailing 12 month	7.49
Price to Book - most recent fiscal year	1.98
P/E excluding extraordinary items high, trailing 12 months	—
P/E excluding extraordinary items low, trailing 12 months	—
Net Debt, LFI	41,469.00
Net Debt, LFY	38,568.00
Dividend Yield - 5 Year Average	—
Dividend Yield - indicated annual dividend divided by closing price	—
Current Dividend Yield - Common Stock Primary Issue, LTM	0.00%

Free Cash Flow - most recent fiscal year	713.00
LT debt/equity - most recent fiscal year	80.32%
Payout ratio - most recent fiscal year	—
Total debt/total equity - most recent fiscal year	123.45%
LT debt/equity - most recent half-year	73.85%
Total debt/total equity - most recent half-year	122.94%
Free Cash Flow - trailing 12 month	4,321.00
Payout ratio - trailing 12 month	—

Revenue - most recent fiscal year	247,535.00
Revenue - trailing 12 month	304,569.00
EBITD - most recent fiscal year	9,822.00
EBITD - trailing 12 month	15,570.00
Earnings before taxes - most recent fiscal year	321.00
Earnings before taxes - trailing 12 month	6,338.00
Net Income available to common - most recent fiscal year	363.00
Net Income available to common - trailing 12 months	5,423.00
Earnings before taxes Normalized - most recent fiscal year	2,366.00
Net Income Available to Common, Normalized - most recent fiscal year	2,339.00
Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM	0.46

Net Profit Margin % - 1st historical fiscal year	0.05%
Net Profit Margin % - trailing 12 month	1.83%
Operating margin - 1st historical fiscal year	1.35%
Operating margin - trailing 12 month	2.46%
Pretax margin - trailing 12 month	2.08%
Pretax margin - 1st historical fiscal year	0.13%
Operating Margin - 5 year average	4.41%
Pretax Margin - 5 year average	2.95%
Free Operating Cash Flow/Revenue, 5 Year Average	3.21%
Free Operating Cash Flow/Revenue, TTM	1.42%
Net Profit Margin - 5 year average	1.79%

Return on average assets - most recent fiscal year	0.09%
Return on average assets - trailing 12 month	3.90%
Return on average equity - most recent fiscal year	0.31%
Return on average equity - trailing 12 month	14.14%
Return on average assets - 5 year average	3.52%
Return on average equity - 5 year average	10.64%
Net Income/employee - most recent fiscal year	857.14
Revenue/employee - most recent fiscal year	1,768,107.14

Revenue growth rate, 5 year	11.70%
EPS growth rate, 5 year	—
Growth rate% - dividend, 3 year	—
Revenue/share (5 yr growth)	13.77%
Growth rate% - Revenue, 3 year	-1.11%
Growth rate% - EPS, 3 year	-71.67%
Book value per share growth rate, 5 year	3.28%
Capital Spending growth rate, 5 year	10.70%
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR	26.70%

Financial forecast (GBP, millions except per share)

	Actuals	Estimates
	2025	2026	2027	2028	2029

Financials (USD, millions)

Period end:	DEC 21	DEC 22	DEC 23	DEC 24	DEC 25
Fiscal year:	2021	2022	2023	2024	2025
Period length:	12 months	12 months	12 months	12 months	12 months

Announcements

DATE	TIME	HEADING	PAGES
		Price sensitive GLC

Opinion

15/10/2026 09:49

GLEN vs BHP & RIO: The Copper growth story

Glencore’s ASX listing through CHESS Depositary Interests (CDIs) has given ASX only investors with direct access to another global diversified miner with growing exposure to copper, the industrial metal at the forefront of global electrification. Copper is forecast to increase from around one-third of Glencore’s earnings (EBITDA) in FY26 to more than half by the early 2030s, supported by projects across South America and Central Africa, alongside optimisation of existing operations including Collahuasi, Antapaccay and Katanga/KCC - in other words, its profile is evolving like BHPs over the coming years, a factor we like.

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Business Summary

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, and energy products. Its marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Its mining or industrials business produces thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners who are generally reducing their exposure to coal, it plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. We agree. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.