Highlights
Sector: Diversified Mining
Price (17/02/2023): R110.20
52-Week Range: R77.62-R124.33
Market Cap: £64.4 billion
Return YTD: -3.37%
Return (1 Year): 28.57%
Return (3 Years): 149.88%
Return (5 Years): 77.49%
Beta: 1.70
Price/Earnings: 4.89x
Dividend Yield: 7.21%
Diversified mining giant, Glencore, delivered record profits for 2022, which was driven by sky-high coal prices driven by volatile commodity markets, and an energy crisis started by the Ukraine war. Revenue increased by 26% to $255,9 billion, adjusted earnings before interest, taxes, depreciation, and amortisation, increased by 60% to a record $34,1 billion. Adjusted EBITDA for Metals and Minerals contracted by 25% to $10.9 billion, while adjusted EBITDA for Energy products which includes coal, increased by a whopping 225% to $24,1 billion. Coal prices increased by 163% year-on-year during the period under review, which led to the earnings margins on the miners coal increase from 47% to 65%. Profit for the first six months increased by 248% to $17.3 billion. The miner will return $7.1 billion to shareholders through a normal dividend, a special dividend, and a new share buyback programme.
Graph: Glencore Share Price Performance relative to JSE Resources Index :
Source: Infront Terminal
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