Glencore PLC (GLEN) - Net Assets
Based on the latest financial reports, Glencore PLC (GLEN) has net assets worth GBX32.79 Billion GBX (≈ $3.99 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX132.18 Billion ≈ $16.08 Million USD) and total liabilities (GBX99.39 Billion ≈ $12.09 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. Check how tangible is Glencore PLC's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX32.79 Billion |
| % of Total Assets | 24.81% |
| Annual Growth Rate | 9.12% |
| 5-Year Change | 3.66% |
| 10-Year Change | -13.75% |
| Growth Volatility | 25.0 |
Glencore PLC - Net Assets Trend (2005–2024)
This chart illustrates how Glencore PLC's net assets have evolved over time, based on quarterly financial data. See Glencore PLC liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Glencore PLC (2005–2024)
The table below shows the annual net assets of Glencore PLC from 2005 to 2024. For live valuation and market cap data, see market value of Glencore PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX35.66 Billion ≈ $4.34 Million |
-6.74% |
| 2023-12-31 | GBX38.24 Billion ≈ $4.65 Million |
-15.44% |
| 2022-12-31 | GBX45.22 Billion ≈ $5.50 Million |
+22.49% |
| 2021-12-31 | GBX36.92 Billion ≈ $4.49 Million |
+7.31% |
| 2020-12-31 | GBX34.40 Billion ≈ $4.19 Million |
-12.32% |
| 2019-12-31 | GBX39.24 Billion ≈ $4.77 Million |
-13.54% |
| 2018-12-31 | GBX45.38 Billion ≈ $5.52 Million |
-8.23% |
| 2017-12-31 | GBX49.45 Billion ≈ $6.02 Million |
+12.96% |
| 2016-12-31 | GBX43.78 Billion ≈ $5.33 Million |
+5.90% |
| 2015-12-31 | GBX41.34 Billion ≈ $5.03 Million |
-19.69% |
| 2014-12-31 | GBX51.48 Billion ≈ $6.26 Million |
-3.14% |
| 2013-12-31 | GBX53.15 Billion ≈ $6.47 Million |
+54.95% |
| 2012-12-31 | GBX34.30 Billion ≈ $4.17 Million |
+6.08% |
| 2011-12-31 | GBX32.33 Billion ≈ $3.93 Million |
+43.67% |
| 2010-12-31 | GBX22.51 Billion ≈ $2.74 Million |
+25.43% |
| 2009-12-31 | GBX17.94 Billion ≈ $2.18 Million |
+10.01% |
| 2008-12-31 | GBX16.31 Billion ≈ $1.98 Million |
-1.57% |
| 2007-12-31 | GBX16.57 Billion ≈ $2.02 Million |
+41.96% |
| 2006-12-31 | GBX11.67 Billion ≈ $1.42 Million |
+71.74% |
| 2005-12-31 | GBX6.80 Billion ≈ $827.00K |
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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 2207.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX27.14 Billion | 66.73% |
| Common Stock | GBX136.00 Million | 0.33% |
| Other Components | GBX13.39 Billion | 32.93% |
| Total Equity | GBX40.67 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 |
|---|---|
|
PMET Resources Inc.
TO:PMET
|
$794.34 Million |
|
Anhui Genuine New Materials Co Ltd
SHG:603429
|
$794.35 Million |
|
JM AB (publ)
ST:JM
|
$794.83 Million |
|
Asiainfo Security Technologies Corp. A
SHG:688225
|
$794.89 Million |
|
Canadian General Investments Ltd
TO:CGI
|
$793.77 Million |
|
Solareast Holdings Co Ltd
SHG:603366
|
$793.56 Million |
|
Gujarat Ambuja Exports Limited
NSE:GAEL
|
$793.56 Million |
|
New York Mortgage Trust, Inc.
NASDAQ:ADAM
|
$793.47 Million |
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 2023 to 2024, total equity changed from 43,580,000,000 to 40,669,000,000, a change of -2,911,000,000 (-6.7%).
- Net loss of 1,634,000,000 reduced equity.
- Dividend payments of 1,580,000,000 reduced retained earnings.
- Share repurchases of 230,000,000 reduced equity.
- Other comprehensive income increased equity by 7,032,000,000.
- Other factors decreased equity by 6,499,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.63 Billion | -4.02% |
| Dividends Paid | GBX1.58 Billion | -3.89% |
| Share Repurchases | GBX230.00 Million | -0.57% |
| Other Comprehensive Income | GBX7.03 Billion | +17.29% |
| Other Changes | GBX-6.50 Billion | -15.98% |
| Total Change | GBX- | -6.68% |
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: 166.47x
- 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 decreased from 250.31x to 166.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | GBX2.23 | GBX557.00 | x |
| 2009-12-31 | GBX0.64 | GBX557.00 | x |
| 2010-12-31 | GBX0.78 | GBX557.00 | x |
| 2011-12-31 | GBX4.81 | GBX557.00 | x |
| 2012-12-31 | GBX4.47 | GBX557.00 | x |
| 2013-12-31 | GBX4.50 | GBX557.00 | x |
| 2014-12-31 | GBX3.69 | GBX557.00 | x |
| 2015-12-31 | GBX3.10 | GBX557.00 | x |
| 2016-12-31 | GBX3.08 | GBX557.00 | x |
| 2017-12-31 | GBX3.45 | GBX557.00 | x |
| 2018-12-31 | GBX3.21 | GBX557.00 | x |
| 2019-12-31 | GBX2.92 | GBX557.00 | x |
| 2020-12-31 | GBX2.85 | GBX557.00 | x |
| 2021-12-31 | GBX2.99 | GBX557.00 | x |
| 2022-12-31 | GBX3.76 | GBX557.00 | x |
| 2023-12-31 | GBX3.48 | GBX557.00 | x |
| 2024-12-31 | GBX3.35 | GBX557.00 | 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): -4.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.71%
- • Asset Turnover: 1.77x
- • Equity Multiplier: 3.21x
- Recent ROE (-4.02%) is below the historical average (6.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 2.38% | 0.24% | 2.48x | 3.98x | GBX-1.17 Billion |
| 2009 | 22.13% | 0.92% | 1.60x | 14.92x | GBX538.90 Million |
| 2010 | 23.80% | 0.89% | 1.82x | 14.71x | GBX748.60 Million |
| 2011 | 13.83% | 2.17% | 2.16x | 2.94x | GBX1.12 Billion |
| 2012 | 3.21% | 0.47% | 2.03x | 3.38x | GBX-2.12 Billion |
| 2013 | -14.82% | -3.18% | 1.50x | 3.10x | GBX-12.40 Billion |
| 2014 | 4.75% | 1.04% | 1.45x | 3.14x | GBX-2.55 Billion |
| 2015 | -12.03% | -2.91% | 1.33x | 3.11x | GBX-9.09 Billion |
| 2016 | 3.12% | 0.90% | 1.23x | 2.82x | GBX-3.05 Billion |
| 2017 | 11.61% | 2.81% | 1.52x | 2.73x | GBX801.50 Million |
| 2018 | 7.45% | 1.55% | 1.71x | 2.81x | GBX-1.17 Billion |
| 2019 | -1.00% | -0.19% | 1.73x | 3.08x | GBX-4.43 Billion |
| 2020 | -5.06% | -1.34% | 1.21x | 3.14x | GBX-5.67 Billion |
| 2021 | 12.46% | 2.44% | 1.60x | 3.19x | GBX980.90 Million |
| 2022 | 35.05% | 6.77% | 1.93x | 2.68x | GBX12.38 Billion |
| 2023 | 9.82% | 1.96% | 1.76x | 2.84x | GBX-78.00 Million |
| 2024 | -4.02% | -0.71% | 1.77x | 3.21x | GBX-5.70 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: $2,781,976,461
- Average return on equity (ROE) among peers: -21.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glencore PLC (GLEN) | GBX32.79 Billion | 2.38% | 3.03x | $793.87 Million |
| First Tin PLC (1SN) | $9.07 Million | -3.47% | 0.01x | $725.23K |
| Anglo American PLC (AAL) | $27.58 Billion | 12.77% | 0.88x | $507.14 Million |
| ACG Acquisition Co. Ltd. (ACG) | $3.51 Million | -77.72% | 0.31x | $4.86 Million |
| Adriatic Metals (ADT1) | $152.42 Million | -9.03% | 0.16x | $13.45 Million |
| Alba Mineral Resources (ALBA) | $11.32 Million | -26.68% | 0.04x | $50.80K |
| Arc Minerals Limited (ARCM) | $13.59 Million | -9.81% | 0.01x | $118.93K |
| AfriTin Mining Ltd (ATM) | $23.71 Million | -41.21% | 1.93x | $903.42K |
| Anglesey Mining (AYM) | $11.63 Million | -2.62% | 0.36x | $39.82K |
| Beowulf Mining (BEM) | $861.00K | -47.64% | 0.20x | $60.33K |
| Bradda Head Holdings Ltd (BHL) | $15.66 Million | -9.60% | 0.01x | $130.70K |
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. It operates in two segments, Marketing Activities and Industrial Activities. The company engages in the production and marketing of copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, al… Read more