We add Glencore's secondary listing on the ASX to our coverage of its primary listing in London. It is a large thermal and metallurgical coal miner, with its marketing and copper divisions being other major businesses. We also update our coal miner fair values for our latest assumed coal prices.
Glencore's globe-spanning network of traders and logistics assets generates significant economies of scope.
Glencore's large thermal coal portfolio could be affected by demand falling faster than we expect due to attempts to reduce global carbon emissions.
|
Metric
|
GLEN
|
WHC
|
BHP
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.39 | 25.32 | 14.45 |
Price/Book Value | 2.17 | 1.05 | 4.30 |
Price/Sales | 0.31 | 1.12 | 3.61 |
Price/Cash Flow | 8.47 | 7.06 | 9.04 |
|
Metric
|
GLEN
|
WHC
|
BHP
|
|---|---|---|---|
Quick Ratio | 0.34 | 0.94 | 1.44 |
Current Ratio | 1.06 | 1.34 | 1.88 |
Interest Coverage | 2.71 | 2.51 | 11.36 |
|
Metric
|
GLEN
|
WHC
|
BHP
|
|---|---|---|---|
Return on Assets (Normalized) | 4.51% | 1.96% | 11.44% |
Return on Equity (Normalized) | 16.36% | 3.94% | 27.20% |
Return on Invested Capital (Normalized) | 11.40% | 5.29% | 17.58% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BHP Group Ltd
BHPLF
| LOCK|Z<t%WV | LOCK|^?C | $211B | |||
| BHP Group Ltd ADR
BHP
| LOCK|G&F!h#J | LOCK|vk | $211B | |||
| Rio Tinto Ltd
RTNTF
| — | LOCK|k&m | $174B | |||
| Rio Tinto PLC Ordinary Shares
RTPPF
| LOCK|n>x!?$ | LOCK|?jm | $147B | |||
| Rio Tinto PLC ADR
RIO
| LOCK|RrM%>w | LOCK|$T | $147B | |||
| Grupo Mexico SAB de CV Class B
GMBXF
| — | LOCK|?BcZf | $104B | |||
| Grupo Mexico SAB de CV ADR
GPMXY
| — | LOCK|>RC<@ | $104B | |||
| Glencore PLC ADR
GLNCY
| LOCK|%jh$cH | LOCK|<?& | $91B | |||
| Anglo American PLC ADR
NGLOY
| LOCK|GXHf%v@ | LOCK|^P | $58B | |||
| Vale SA ADR
VALE
| LOCK|%M@ | LOCK|vC | $55B |
United States