Glencore PLC risk profile
62 Stretched several inputs deteriorating together
Measured 21 October 2026 from GLEN's filed statements. Recomputed nightly.
62 (Stretched), driven by Competitive position at 80, over 6 weighted categories on the MANUFACTURER profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 25 | Normal | Stable | One-year price volatility — 31.3% |
| Operating pressure | 58 | Elevated | Stable | Operating-margin drift — -8.4 percentage points |
| Cash conversion | 47 | Elevated | Easing | Capital spending against operating cash — 1.05x |
| Leverage and coverage | 57 | Elevated | Stable | Net debt to EBITDA — 3.74x |
| Competitive position | 80 | Acute | Stable | Operating-margin gap against peers — -25.5 percentage points |
| Concentration | 60 | Stretched | Stable | Supplier concentration — 10,000 HHI |
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.