Glencore PLC (GLN) - Net Assets
Based on the latest financial reports, Glencore PLC (GLN) has net assets worth ZAC33.61 Billion ZAC (≈ $17.86 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC142.20 Billion ≈ $75.57 Million USD) and total liabilities (ZAC108.59 Billion ≈ $57.71 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Glencore PLC asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC33.61 Billion |
| % of Total Assets | 23.63% |
| Annual Growth Rate | -3.68% |
| 5-Year Change | -8.97% |
| 10-Year Change | -23.24% |
| Growth Volatility | 12.15 |
Glencore PLC - Net Assets Trend (2013–2025)
This chart illustrates how Glencore PLC's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see GLN market cap.
Annual Net Assets for Glencore PLC (2013–2025)
The table below shows the annual net assets of Glencore PLC from 2013 to 2025. Explore Glencore PLC cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ZAC33.61 Billion ≈ $17.86 Million |
-5.76% |
| 2024-12-31 | ZAC35.66 Billion ≈ $18.95 Million |
-6.74% |
| 2023-12-31 | ZAC38.24 Billion ≈ $20.32 Million |
-15.44% |
| 2022-12-31 | ZAC45.22 Billion ≈ $24.03 Million |
+22.49% |
| 2021-12-31 | ZAC36.92 Billion ≈ $19.62 Million |
+7.31% |
| 2020-12-31 | ZAC34.40 Billion ≈ $18.28 Million |
-12.32% |
| 2019-12-31 | ZAC39.24 Billion ≈ $20.85 Million |
-13.54% |
| 2018-12-31 | ZAC45.38 Billion ≈ $24.12 Million |
-8.23% |
| 2017-12-31 | ZAC49.45 Billion ≈ $26.28 Million |
+12.96% |
| 2016-12-31 | ZAC43.78 Billion ≈ $23.27 Million |
+5.90% |
| 2015-12-31 | ZAC41.34 Billion ≈ $21.97 Million |
-19.69% |
| 2014-12-31 | ZAC51.48 Billion ≈ $27.36 Million |
-2.28% |
| 2013-12-31 | ZAC52.68 Billion ≈ $28.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Glencore PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2997300000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC27.56 Billion | 70.92% |
| Other Components | ZAC11.30 Billion | 29.08% |
| Total Equity | ZAC38.86 Billion | 100.00% |
Glencore PLC Competitors by Market Cap
The table below lists competitors of Glencore PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiaomi Corporation
F:3CP
|
$80.14 Billion |
|
ING Group NV ADR
NYSE:ING
|
$80.23 Billion |
|
The Bank of New York Mellon Corporation
NYSE:BK
|
$80.26 Billion |
|
Marsh & McLennan Companies, Inc.
NYSE:MRSH
|
$80.45 Billion |
|
Petróleo Brasileiro S.A. - Petrobras
SA:PETR3
|
$79.92 Billion |
|
Barclays PLC
MX:BCSN
|
$79.83 Billion |
|
United Parcel Service Inc
NYSE:UPS
|
$79.49 Billion |
|
ADVANTEST ADR NEW/1 O.N.
F:VANA
|
$79.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glencore PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,669,000,000 to 38,860,000,000, a change of -1,809,000,000 (-4.4%).
- Net income of 363,000,000 contributed positively to equity growth.
- Dividend payments of 1,192,000,000 reduced retained earnings.
- Share repurchases of 1,992,000,000 reduced equity.
- Other factors increased equity by 1,012,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC363.00 Million | +0.93% |
| Dividends Paid | ZAC1.19 Billion | -3.07% |
| Share Repurchases | ZAC1.99 Billion | -5.13% |
| Other Changes | ZAC1.01 Billion | +2.6% |
| Total Change | ZAC- | -4.45% |
Book Value vs Market Value Analysis
This analysis compares Glencore PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3870.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3717.66x to 3870.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ZAC3.46 | ZAC12850.00 | x |
| 2018-12-31 | ZAC3.28 | ZAC12850.00 | x |
| 2019-12-31 | ZAC3.02 | ZAC12850.00 | x |
| 2020-12-31 | ZAC2.82 | ZAC12850.00 | x |
| 2021-12-31 | ZAC3.03 | ZAC12850.00 | x |
| 2022-12-31 | ZAC3.85 | ZAC12850.00 | x |
| 2023-12-31 | ZAC3.58 | ZAC12850.00 | x |
| 2024-12-31 | ZAC3.35 | ZAC12850.00 | x |
| 2025-12-31 | ZAC3.32 | ZAC12850.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glencore PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.15%
- • Asset Turnover: 1.74x
- • Equity Multiplier: 3.66x
- Recent ROE (0.93%) is below the historical average (3.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -16.32% | -3.46% | 1.50x | 3.14x | ZAC-12.98 Billion |
| 2014 | 4.75% | 1.04% | 1.45x | 3.14x | ZAC-2.55 Billion |
| 2015 | -12.03% | -3.37% | 1.15x | 3.11x | ZAC-9.09 Billion |
| 2016 | 3.12% | 0.90% | 1.23x | 2.82x | ZAC-3.05 Billion |
| 2017 | 11.61% | 2.81% | 1.52x | 2.73x | ZAC801.50 Million |
| 2018 | 7.45% | 1.55% | 1.71x | 2.81x | ZAC-1.17 Billion |
| 2019 | -1.00% | -0.19% | 1.73x | 3.08x | ZAC-4.43 Billion |
| 2020 | -5.06% | -1.34% | 1.21x | 3.14x | ZAC-5.67 Billion |
| 2021 | 12.46% | 2.44% | 1.60x | 3.19x | ZAC980.90 Million |
| 2022 | 35.05% | 6.77% | 1.93x | 2.68x | ZAC12.38 Billion |
| 2023 | 9.82% | 1.96% | 1.76x | 2.84x | ZAC-78.00 Million |
| 2024 | -4.02% | -0.71% | 1.77x | 3.21x | ZAC-5.70 Billion |
| 2025 | 0.93% | 0.15% | 1.74x | 3.66x | ZAC-3.52 Billion |
Industry Comparison
This section compares Glencore PLC's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $3,823,255,864
- Average return on equity (ROE) among peers: -21.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glencore PLC (GLN) | ZAC33.61 Billion | -16.32% | 3.23x | $80.01 Billion |
| Alphamin Resources Corp. (APH) | $80.92 Million | -5.35% | 0.01x | $1.23 Billion |
| African Rainbow Minerals Ltd (ARI) | $16.15 Billion | 17.76% | 0.58x | $2.32 Billion |
| Europa Metals Ltd (EUZ) | $2.73 Million | -90.07% | 0.14x | $1.36 Million |
| Merafe (MRF) | $3.90 Billion | 13.66% | 0.53x | $152.74 Million |
| Orion Gold NL (ORN) | $5.29 Million | -47.83% | 0.06x | $138.53 Million |
| Wesizwe (WEZ) | $2.80 Billion | -19.85% | 1.72x | $38.93 Million |
About Glencore PLC
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, al… Read more