Freeport-McMoRan（FCX）株式概要フリーポート・マクモラン社は北米、南米、インドネシアで鉱区の採掘を行っている。 詳細FCX ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長3/6過去の実績4/6財務の健全性5/6配当金0/6報酬当社が推定した公正価値より28.3%で取引されている 収益は年間14.12%増加すると予測されています 過去1年間で収益は55.2%増加しました リスク分析CL市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見るFCX Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$65.3222.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-14b38b2016201920222025202620282031Revenue US$38.3bEarnings US$4.0bAdvancedSet Fair ValueView all narrativesFreeport-McMoRan Inc. 競合他社Sociedad Punta del CobreSymbol: SNSE:PUCOBREMarket cap: CL$2.1tSouthern CopperSymbol: NYSE:SCCOMarket cap: US$149.4bAntofagastaSymbol: LSE:ANTOMarket cap: UK£38.8bLundin MiningSymbol: TSX:LUNMarket cap: CA$32.4b価格と性能株価の高値、安値、推移の概要Freeport-McMoRan過去の株価現在の株価US$65.3252週高値US$66.0052週安値US$35.70ベータ1.321ヶ月の変化0%3ヶ月変化4.31%1年変化70.24%3年間の変化62.37%5年間の変化52.44%IPOからの変化94.00%最新ニュースBoard Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$65.32, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Metals and Mining industry in South America. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$73.64 per share.Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedDividend of US$0.15 is the same as last year. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 25Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2026Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2026, to shareholders of record as of April 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$52.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Metals and Mining industry in South America. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$70.83 per share.最新情報をもっと見るRecent updatesBoard Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$65.32, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Metals and Mining industry in South America. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$73.64 per share.Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedDividend of US$0.15 is the same as last year. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 25Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2026Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2026, to shareholders of record as of April 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$52.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Metals and Mining industry in South America. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$70.83 per share.Buy Or Sell Opportunity • Mar 20Now 32% undervaluedOver the last 90 days, the stock has risen 26% to US$52.58. The fair value is estimated to be US$76.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Board Change • Mar 12Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Feb 15Full year 2025 earnings released: EPS: US$1.53 (vs US$1.31 in FY 2024)Full year 2025 results: EPS: US$1.53 (up from US$1.31 in FY 2024). Revenue: US$25.9b (up 1.8% from FY 2024). Net income: US$2.20b (up 17% from FY 2024). Profit margin: 8.5% (up from 7.4% in FY 2024). Production and reserves: Copper Production: 1.078 Mt (1.247 Mt in FY 2024) Proved and probable reserves (ore): 17,678 Mt (15,593 Mt in FY 2024) Number of mines: 11 (11 in FY 2024) Molybdenum Production: 37,195 t (32,205 t in FY 2024) Proved and probable reserves (ore): 11,972 Mt (9,417 Mt in FY 2024) Number of mines: 6 (6 in FY 2024) Gold Production: 476 troy koz (927 troy koz in FY 2024) Proved and probable reserves (ore): 8,646 Mt (6,381 Mt in FY 2024) Number of mines: 6 (6 in FY 2024) Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Recent Insider Transactions • Feb 14Chairman recently sold US$9.9m worth of stockOn the 11th of February, Richard Adkerson sold around 153k shares on-market at roughly US$64.65 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months.Reported Earnings • Jan 23Full year 2025 earnings released: EPS: US$1.53 (vs US$1.31 in FY 2024)Full year 2025 results: EPS: US$1.53 (up from US$1.31 in FY 2024). Revenue: US$25.9b (up 1.8% from FY 2024). Net income: US$2.20b (up 17% from FY 2024). Profit margin: 8.5% (up from 7.4% in FY 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Upcoming Dividend • Jan 08Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 January 2026. Payment date: 02 February 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Chilean dividend payers (6.2%). Lower than average of industry peers (4.7%).Valuation Update With 7 Day Price Move • Jan 01Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$51.40, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Metals and Mining industry in South America. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$98.31 per share.New Risk • Dec 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chilean stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$1.8m sold).Declared Dividend • Dec 24Third quarter dividend of US$0.15 announcedDividend of US$0.15 is the same as last year. Ex-date: 15th January 2026 Payment date: 2nd February 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 17Freeport-Mcmoran Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 2, 2026Freeport announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 2, 2026, to shareholders of record as of January 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.お知らせ • Nov 13Rosen Law Firm Files Securities Class Action Lawsuit Against Freeport-McMoran IncRosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Freeport-McMoRan Inc. between February 15, 2022 and September 24, 2025, both dates inclusive (the ‘Class Period’). The lawsuit seeks to recover damages for Freeport-McMoRan investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Freeport did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers; this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and as a result, defendants statements about Freeport-McMoRan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed.お知らせ • Nov 06Freeport-McMoRan Inc. Announces Appointment of Cory Stevens as President and Chief Operating Officer – AmericasFreeport-McMoRan Inc. announced that A. Cory Stevens has been named President and Chief Operating Officer of Freeport Americas, effective December 1, 2025. Stevens joined Freeport in 1997 and has held multiple leadership roles at the company’s North and South America operations and most recently led the team responsible for developing Freeport’s smelter project in Indonesia. He currently leads FCX’s centralized technical organization, with responsibility for a broad range of technical support functions across the company, including engineering and construction activities, growth projects, including the high-impact innovative leach initiative, operational support and research and development. Under the new structure, Stevens’ role will be expanded to include responsibility for Freeport’s Americas operations. Josh Olmsted, who has served as Freeport Americas President and Chief Operating Officer since 2020, will continue with the company in a Senior Advisory capacity. Stevens has a Bachelor of Science degree in chemical engineering from the New Mexico Institute of Mining and Technology and a Master of Business Administration from Western New Mexico University.お知らせ • Oct 24Freeport-McMoRan Inc. Provides Sales Guidance for the Year 2025Freeport-McMoRan Inc. provided sales guidance for the year 2025. For the year, the company expects consolidated sales are expected to approximate 3.5 billion pounds of copper, 1.05 million ounces of gold and 82 million pounds of molybdenum for the year 2025, including 635 million pounds of copper, 6 million ounces of gold and 21 million pounds of molybdenum in fourth-quarter 2025.お知らせ • Oct 10Freeport-McMoRan Inc. to Report Q3, 2025 Results on Oct 23, 2025Freeport-McMoRan Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025お知らせ • Sep 24+ 2 more updatesFreeport-McMoRan Inc. Provides Earnings Guidance for the Third Quarter of 2025Freeport-McMoRan Inc. provided earnings guidance For the third quarter of 2025. For the period consolidated sales are expected to be approximately 4% lower for copper and approximately 6% lower for gold than July 2025 estimates.お知らせ • Sep 09Freeport Announces Temporary Suspension of Mining Operations in Grasberg Minerals DistrictFreeport announced that on September 8, 2025 at approximately 10 p.m. local time in Central Papua, Indonesia, a large flow of wet material from a production drawpoint occurred at one of five production blocks in the Grasberg Block Cave underground mine. The incident blocked access to certain areas within the mine, restricting evacuation routes for seven team members. The location of the workers is known, and they are believed to be safe. Crews are working to clear the area for a safe and expeditious evacuation. In parallel, activities are underway to provide support to the workers. At the Grasberg Block Cave operation, ore is mined using remotely operated equipment; however, the material flow from this event blocked access routes where the affected team members were engaged in mine development activities. All other personnel are confirmed safe. Mining operations in the Grasberg minerals district have been temporarily suspended to prioritize the safe evacuation of the seven contractor workers.Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: US$0.53 (vs US$0.42 in 2Q 2024)Second quarter 2025 results: EPS: US$0.53 (up from US$0.42 in 2Q 2024). Revenue: US$7.58b (up 14% from 2Q 2024). Net income: US$766.0m (up 26% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • Jun 25Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2025Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 1, 2025, to shareholders of record as of July 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.Reported Earnings • May 11First quarter 2025 earnings released: EPS: US$0.24 (vs US$0.33 in 1Q 2024)First quarter 2025 results: EPS: US$0.24 (down from US$0.33 in 1Q 2024). Revenue: US$5.73b (down 9.4% from 1Q 2024). Net income: US$346.0m (down 26% from 1Q 2024). Profit margin: 6.0% (down from 7.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$37.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total loss to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$44.28 per share.お知らせ • Apr 28Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025.Upcoming Dividend • Apr 11Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 April 2025. Payment date: 01 May 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Chilean dividend payers (8.7%). Lower than average of industry peers (6.9%).お知らせ • Apr 01Freeport-McMoRan Inc. to Report Q1, 2025 Results on Apr 24, 2025Freeport-McMoRan Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025お知らせ • Mar 26Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2025Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2025, to shareholders of record as of April 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.Upcoming Dividend • Jan 08Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 January 2025. Payment date: 03 February 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Chilean dividend payers (9.3%). Lower than average of industry peers (7.1%).Declared Dividend • Dec 24Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th January 2025 Payment date: 3rd February 2025 Dividend yield will be 1.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 19Freeport Declares Cash Dividends on Common Stock, Payable on February 3, 2025Freeport announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 3, 2025, to shareholders of record as of January 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.お知らせ • Oct 24Freeport-McMoRan Inc. Provides Consolidated Sales and Production Guidance for the Year 2024Freeport-McMoRan Inc. provided consolidated sales and production guidance for the Year 2024. For the period, sales volumes are expected to approximate 4.1 billion pounds of copper, 1.8 million ounces of gold and 80 million pounds of molybdenum, including 980 million pounds of copper, 340,000 ounces of gold and 20 million pounds of molybdenum in fourth-quarter 2024. copper and gold production volumes for the year 2024 are expected to exceed 2024 sales volumes, reflecting the deferral of approximately 85 million pounds of copper and 85,000 ounces of gold associated with inventories held at PT-FI’s new downstream processing facilities expected to be sold as refined metal in 2025.Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.31 in 3Q 2023)Third quarter 2024 results: EPS: US$0.36 (up from US$0.31 in 3Q 2023). Revenue: US$6.79b (up 17% from 3Q 2023). Net income: US$526.0m (up 17% from 3Q 2023). Profit margin: 7.7% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Upcoming Dividend • Oct 11Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Chilean dividend payers (9.3%). Lower than average of industry peers (7.3%).Declared Dividend • Sep 27Second quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th October 2024 Payment date: 1st November 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.24 in 2Q 2023)Second quarter 2024 results: EPS: US$0.43 (up from US$0.24 in 2Q 2023). Revenue: US$6.62b (up 16% from 2Q 2023). Net income: US$616.0m (up 80% from 2Q 2023). Profit margin: 9.3% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Jul 24Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024Freeport-McMoRan Inc. provided consolidated sales guidance for the third quarter and full year of 2024. For the quarter, the company expects sales to be approximate 1.0 billion pounds of copper, 475,000 ounces of gold and 20 million pounds of molybdenum For the full year, the company expects sales to be approximate 4.1 billion pounds of copper, 1.8 million ounces of gold and 82 million pounds of molybdenum .お知らせ • Jul 04Freeport-McMoRan Inc. to Report Q2, 2024 Results on Jul 23, 2024Freeport-McMoRan Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024Declared Dividend • Jul 01First quarter dividend of US$0.075 announcedShareholders will receive a dividend of US$0.075. Ex-date: 15th July 2024 Payment date: 1st August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 52%. Cash payout ratio: 73%.お知らせ • Jun 26Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2024Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 1, 2024, to shareholders of record as of July 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.Recent Insider Transactions • May 09Chairman & CEO recently sold US$2.8m worth of stockOn the 6th of May, Richard Adkerson sold around 55k shares on-market at roughly US$50.78 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months.Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.46 in 1Q 2023)First quarter 2024 results: EPS: US$0.33 (down from US$0.46 in 1Q 2023). Revenue: US$6.32b (up 17% from 1Q 2023). Net income: US$473.0m (down 29% from 1Q 2023). Profit margin: 7.5% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Declared Dividend • Mar 29Fourth quarter dividend of US$0.075 announcedShareholders will receive a dividend of US$0.075. Ex-date: 12th April 2024 Payment date: 1st May 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 189%.お知らせ • Mar 27Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2024, to shareholders of record as of April 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$44.10, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 8x in the Metals and Mining industry in South America. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$50.19 per share.New Risk • Feb 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 3.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (3.5% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin).Buy Or Sell Opportunity • Feb 22Now 21% undervaluedOver the last 90 days, the stock has risen 4.1% to US$38.79. The fair value is estimated to be US$48.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.お知らせ • Feb 07+ 2 more updatesFreeport-McMoRan Inc. Announces Chief Executive Officer ChangesFreeport-McMoRan Inc. announced the appointment of Kathleen L. Quirk as Chief Executive Officer to be effective at the annual meeting of shareholders on June 11, 2024. Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors. Richard C. Adkerson will remain Chairman of the Board of Directors, supporting the leadership transition and Freeport’s business on strategic matters of significance to the company. Ms. Quirk joined Freeport in 1989 and had responsibility for a broad range of corporate functions, including Tax, Investor Relations, Corporate Development and Treasury before being named Chief Financial Officer in 2003. She was named President of FCX in 2021 and became a member of the Board of Directors in 2023. As a senior member of the company’s executive team for more than 20 years, she has been instrumental in Freeport’s strategic planning and execution of company goals. Ms. Quirk is a graduate of Louisiana State University.Reported Earnings • Jan 25Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022)Full year 2023 results: EPS: US$1.28 (down from US$2.40 in FY 2022). Revenue: US$22.9b (flat on FY 2022). Net income: US$1.85b (down 47% from FY 2022). Profit margin: 8.1% (down from 15% in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Jan 25Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024Freeport-McMoRan Inc. provided consolidated sales guidance for the first-quarter and full year of 2024. For the quarter, the company expects sales to be approximate 1.0 billion pounds of copper, 575,000 ounces of gold and 20 million pounds of molybdenum.For the full year, the company expects sales to be approximate 4.1 billion pounds of copper, 2.0 million ounces of gold and 85 million pounds of molybdenum.お知らせ • Dec 20Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 1, 2024Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2024, to shareholders of record as of January 12, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.Reported Earnings • Oct 20Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.28 in 3Q 2022)Third quarter 2023 results: EPS: US$0.32 (up from US$0.28 in 3Q 2022). Revenue: US$5.82b (up 16% from 3Q 2022). Net income: US$454.0m (up 14% from 3Q 2022). Profit margin: 7.8% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Oct 05Upcoming dividend of US$0.15 per share at 1.7% yieldEligible shareholders must have bought the stock before 12 October 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Chilean dividend payers (14%). Lower than average of industry peers (8.0%).お知らせ • Sep 21Freeport-Mcmoran Declares Quarterly Cash Dividends, Payable on November 1, 2023Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on November 1, 2023, to shareholders of record as of October 13, 2023. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.Reported Earnings • Jul 21Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.58 in 2Q 2022)Second quarter 2023 results: EPS: US$0.24 (down from US$0.58 in 2Q 2022). Revenue: US$5.74b (up 5.9% from 2Q 2022). Net income: US$343.0m (down 59% from 2Q 2022). Profit margin: 6.0% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 43% per year.Upcoming Dividend • Jul 06Upcoming dividend of US$0.15 per share at 1.5% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (8.0%).Recent Insider Transactions • May 16Insider recently bought US$140k worth of stockOn the 12th of May, Sara Lewis bought around 4k shares on-market at roughly US$34.90 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months.お知らせ • Feb 13+ 1 more updateFreeport-McMoRan Inc. Provides Update on PT Freeport Indonesia OperationsFreeport-McMoRan Inc. announced that PT Freeport Indonesia's Grasberg operations have been temporarily disrupted because of significant rainfall and landslides in the area of its milling operations in Papua, Indonesia. Intense rains on February 11, 2023, resulted in flooding and a flow of debris, causing damage to infrastructure near its milling complex. Personnel were safely evacuated from the localized area. PT-FI is conducting a damage assessment and preparing a recovery plan to resume operations. Preliminary estimates, which are subject to change as assessments are completed, indicate operations can be restored by the end of February 2023. There is no impact to PT-FI's long term plans.お知らせ • Feb 08Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of DirectorsFreeport-McMoRan Inc. announced the appointment of Kathleen L. Quirk, FCX’s President, to its Board of Directors, effective immediately. Following this appointment, FCX’s Board of Directors is now comprised of twelve members, including ten independent directors, who possess a diverse range of experiences and strong corporate governance credentials. Ms. Quirk has served as President of FCX since February 2021. Ms. Quirk has over thirty years of experience in the FCX organization and is a senior member of the company’s executive team. Ms. Quirk has been instrumental in FCX’s strategic planning and has responsibility for a broad range of corporate functions. Ms. Quirk previously served as Chief Financial Officer of the company from December 2003 to March 2022. During that period, she was named Best CFO in Metals and Mining by Institutional Investor magazine on numerous occasions. Ms. Quirk holds a Bachelor of Science in Accounting from Louisiana State University. She currently serves on the Board of Directors of Vulcan Materials Company.Reported Earnings • Jan 26Full year 2022 earnings released: EPS: US$2.39 (vs US$2.93 in FY 2021)Full year 2022 results: EPS: US$2.39 (down from US$2.93 in FY 2021). Revenue: US$22.8b (flat on FY 2021). Net income: US$3.47b (down 19% from FY 2021). Profit margin: 15% (down from 19% in FY 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 06Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 12 January 2023. Payment date: 01 February 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (7.2%).Reported Earnings • Oct 22Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.95 in 3Q 2021)Third quarter 2022 results: EPS: US$0.28 (down from US$0.95 in 3Q 2021). Revenue: US$5.00b (down 18% from 3Q 2021). Net income: US$404.0m (down 71% from 3Q 2021). Profit margin: 8.1% (down from 23% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Oct 06Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 13 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (10%).Recent Insider Transactions • Sep 01Insider recently bought US$988k worth of stockOn the 29th of August, Ryan Lance bought around 31k shares on-market at roughly US$31.88 per share. This transaction increased Ryan Lance's direct individual holding by 22x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.6m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Aug 06Independent Director recently bought US$86k worth of stockOn the 3rd of August, Sara Lewis bought around 3k shares on-market at roughly US$28.79 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$579k more in shares than they have sold in the last 12 months.Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.73 in 2Q 2021)Second quarter 2022 results: EPS: US$0.58 (down from US$0.73 in 2Q 2021). Revenue: US$5.42b (down 5.8% from 2Q 2021). Net income: US$840.0m (down 22% from 2Q 2021). Profit margin: 16% (down from 19% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to decline by 1.1% while the industry in Chile is not expected to grow. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 29% share price decline to US$28.74, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 190% over the past three years.Upcoming Dividend • Jul 07Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 01 August 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Chilean dividend payers (14%). Lower than average of industry peers (15%).Recent Insider Transactions • Apr 28Insider recently bought US$501k worth of stockOn the 25th of April, Hugh Grant bought around 12k shares on-market at roughly US$40.75 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$460k more in shares than they bought in the last 12 months.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)First quarter 2022 results: EPS: US$1.04 (up from US$0.49 in 1Q 2021). Revenue: US$6.60b (up 36% from 1Q 2021). Net income: US$1.53b (up 113% from 1Q 2021). Profit margin: 23% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.8% compared to a 5.2% decline forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sara Lewis was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 22First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)First quarter 2022 results: EPS: US$1.04 (up from US$0.49 in 1Q 2021). Revenue: US$6.60b (up 36% from 1Q 2021). Net income: US$1.53b (up 113% from 1Q 2021). Profit margin: 23% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.6% compared to a 5.5% decline forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 06Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 13 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Chilean dividend payers (9.3%). Lower than average of industry peers (11%).Reported Earnings • Jan 28Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$2.91 (up from US$0.41 in FY 2020). Revenue: US$22.8b (up 61% from FY 2020). Net income: US$4.31b (up US$3.71b from FY 2020). Profit margin: 19% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 9.4% compared to a 7.3% decline forecast for the mining industry in Chile. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to US$45.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in South America. Total returns to shareholders of 309% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$56.67 per share.Upcoming Dividend • Jan 06Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 13 January 2022. Payment date: 01 February 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Chilean dividend payers (9.2%). Lower than average of industry peers (6.8%).Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$38.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 211% over the past three years.Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.22 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$6.08b (up 58% from 3Q 2020). Net income: US$1.40b (up 329% from 3Q 2020). Profit margin: 23% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Oct 07Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 14 October 2021. Payment date: 01 November 2021. Trailing yield: 0.9%. Lower than top quartile of Chilean dividend payers (7.8%). Lower than average of industry peers (9.2%).Reported Earnings • Jul 24Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$11.5b (up 276% from 2Q 2020). Net income: US$2.17b (up US$2.11b from 2Q 2020). Profit margin: 19% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 07Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 14 July 2021. Payment date: 02 August 2021. Trailing yield: 0.8%. Lower than top quartile of Chilean dividend payers (7.1%). Lower than average of industry peers (4.4%).Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$34.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 5x in the Metals and Mining industry in South America. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$66.08 per share.Recent Insider Transactions • Jun 10Independent Non-Executive Director recently sold US$746k worth of stockOn the 7th of June, Gerald Ford sold around 18k shares on-market at roughly US$40.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$84m more than they bought in the last 12 months.Recent Insider Transactions • May 09VP & Controller of Financial Reporting recently sold US$207k worth of stockOn the 5th of May, C. Whitmire sold around 5k shares on-market at roughly US$41.35 per share. In the last 3 months, there was an even bigger sale from another insider worth US$71m. Insiders have been net sellers, collectively disposing of US$83m more than they bought in the last 12 months.Recent Insider Transactions • Apr 28Independent Non-Executive Director recently sold US$133k worth of stockOn the 26th of April, Gerald Ford sold around 3k shares on-market at roughly US$38.82 per share. In the last 3 months, they made an even bigger sale worth US$71m. Insiders have been net sellers, collectively disposing of US$83m more than they bought in the last 12 months.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS US$0.48 (vs US$0.34 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$4.85b (up 73% from 1Q 2020). Net income: US$718.0m (up US$1.21b from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 07Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 14 April 2021. Payment date: 03 May 2021. Trailing yield: 0.9%. Lower than top quartile of Chilean dividend payers (5.9%). Lower than average of industry peers (5.7%).Recent Insider Transactions • Mar 06Independent Non-Executive Director recently sold US$10.0m worth of stockOn the 4th of March, Gerald Ford sold around 300k shares on-market at roughly US$33.24 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$10m more than they bought in the last 12 months.Recent Insider Transactions • Feb 25VP & Controller of Financial Reporting recently sold US$246k worth of stockOn the 19th of February, C. Whitmire sold around 7k shares on-market at roughly US$35.10 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$3.1m more than they sold in the last 12 months.Reported Earnings • Feb 19Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$14.2b (down 1.4% from FY 2019). Net income: US$596.0m (up US$841.0m from FY 2019). Profit margin: 4.2% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Production and reserves: Copper Production: 1.178 Mt (1.17 Mt in FY 2019) Proved and probable reserves (ore): 17,835 Mt (17,911 Mt in FY 2019) Number of mines: 11 (11 in FY 2019) Gold Production: 698 troy koz (720 troy koz in FY 2019) Proved and probable reserves (ore): 7,757 Mt (7,506 Mt in FY 2019) Number of mines: 6 (6 in FY 2019) Molybdenum Production: 30,391 t (34,927 t in FY 2019) Proved and probable reserves (ore): 11,079 Mt (11,030 Mt in FY 2019) Number of mines: 7 (7 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 19Revenue beats expectationsRevenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 40%, compared to a 32% growth forecast for the Metals and Mining industry in Chile.株主還元FCXCL Metals and MiningCL 市場7D0%3.0%2.0%1Y70.2%118.8%15.2%株主還元を見る業界別リターン: FCX過去 1 年間で118.8 % の収益を上げたCL Metals and Mining業界を下回りました。リターン対市場: FCX過去 1 年間で15.2 % の収益を上げたCL市場を上回りました。価格変動Is FCX's price volatile compared to industry and market?FCX volatilityFCX Average Weekly Movement9.3%Metals and Mining Industry Average Movement4.7%Market Average Movement3.1%10% most volatile stocks in CL Market5.6%10% least volatile stocks in CL Market1.0%安定した株価: FCXの株価は、 CL市場と比較して過去 3 か月間で変動しています。時間の経過による変動: FCXの weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてCLの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト198729,000Kathleen Quirkfcx.comフリーポート・マクモラン社は、北米、南米、インドネシアで鉱区の採掘を行っている。主に銅、金、モリブデン、銀、その他の金属の探鉱を行っている。同社の資産には、インドネシアのグラスバーグ鉱区、アリゾナ州のモレンシ、バグダッド、サフォード、シエリタ、マイアミ、ニューメキシコ州のチノ、タイロン、北米コロラド州のヘンダーソン、クライマックス、ペルーのセロ・ベルデ、チリのエル・アブラなどがある。旧社名はフリーポート・マクモラン・カッパー＆ゴールド・インクで、2014年7月にフリーポート・マクモラン・インクに社名変更した。同社は1987年に法人化され、アリゾナ州フェニックスに本社を置く。もっと見るFreeport-McMoRan Inc. 基礎のまとめFreeport-McMoRan の収益と売上を時価総額と比較するとどうか。FCX 基礎統計学時価総額US$89.11b収益（TTM）US$2.73b売上高(TTM)US$26.42b32.7xPER（株価収益率3.4xP/SレシオFCX は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計FCX 損益計算書（TTM）収益US$26.42b売上原価US$16.21b売上総利益US$10.21bその他の費用US$7.48b収益US$2.73b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.90グロス・マージン38.64%純利益率10.31%有利子負債／自己資本比率29.9%FCX の長期的なパフォーマンスは？過去の実績と比較を見る配当金1.0%現在の配当利回り32%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 07:44終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Freeport-McMoRan Inc. 18 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。44 アナリスト機関David ColemanArgus Research CompanyPeter WardBarclaysRichard GarchitorenaBarclays41 その他のアナリストを表示
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$65.32, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Metals and Mining industry in South America. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$73.64 per share.
Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedDividend of US$0.15 is the same as last year. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 25Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2026Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2026, to shareholders of record as of April 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$52.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Metals and Mining industry in South America. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$70.83 per share.
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improves as stock rises 24%After last week's 24% share price gain to US$65.32, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Metals and Mining industry in South America. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$73.64 per share.
Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedDividend of US$0.15 is the same as last year. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 25Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2026Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2026, to shareholders of record as of April 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$52.58, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Metals and Mining industry in South America. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$70.83 per share.
Buy Or Sell Opportunity • Mar 20Now 32% undervaluedOver the last 90 days, the stock has risen 26% to US$52.58. The fair value is estimated to be US$76.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Board Change • Mar 12Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Mar 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. CEO, President & Director Kathleen Quirk was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Feb 15Full year 2025 earnings released: EPS: US$1.53 (vs US$1.31 in FY 2024)Full year 2025 results: EPS: US$1.53 (up from US$1.31 in FY 2024). Revenue: US$25.9b (up 1.8% from FY 2024). Net income: US$2.20b (up 17% from FY 2024). Profit margin: 8.5% (up from 7.4% in FY 2024). Production and reserves: Copper Production: 1.078 Mt (1.247 Mt in FY 2024) Proved and probable reserves (ore): 17,678 Mt (15,593 Mt in FY 2024) Number of mines: 11 (11 in FY 2024) Molybdenum Production: 37,195 t (32,205 t in FY 2024) Proved and probable reserves (ore): 11,972 Mt (9,417 Mt in FY 2024) Number of mines: 6 (6 in FY 2024) Gold Production: 476 troy koz (927 troy koz in FY 2024) Proved and probable reserves (ore): 8,646 Mt (6,381 Mt in FY 2024) Number of mines: 6 (6 in FY 2024) Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Feb 14Chairman recently sold US$9.9m worth of stockOn the 11th of February, Richard Adkerson sold around 153k shares on-market at roughly US$64.65 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months.
Reported Earnings • Jan 23Full year 2025 earnings released: EPS: US$1.53 (vs US$1.31 in FY 2024)Full year 2025 results: EPS: US$1.53 (up from US$1.31 in FY 2024). Revenue: US$25.9b (up 1.8% from FY 2024). Net income: US$2.20b (up 17% from FY 2024). Profit margin: 8.5% (up from 7.4% in FY 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jan 08Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 January 2026. Payment date: 02 February 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Chilean dividend payers (6.2%). Lower than average of industry peers (4.7%).
Valuation Update With 7 Day Price Move • Jan 01Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$51.40, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Metals and Mining industry in South America. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$98.31 per share.
New Risk • Dec 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chilean stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Significant insider selling over the past 3 months (US$1.8m sold).
Declared Dividend • Dec 24Third quarter dividend of US$0.15 announcedDividend of US$0.15 is the same as last year. Ex-date: 15th January 2026 Payment date: 2nd February 2026 Dividend yield will be 1.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 17Freeport-Mcmoran Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 2, 2026Freeport announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 2, 2026, to shareholders of record as of January 15, 2026. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
お知らせ • Nov 13Rosen Law Firm Files Securities Class Action Lawsuit Against Freeport-McMoran IncRosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of the securities of Freeport-McMoRan Inc. between February 15, 2022 and September 24, 2025, both dates inclusive (the ‘Class Period’). The lawsuit seeks to recover damages for Freeport-McMoRan investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Freeport did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport’s workers; this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and as a result, defendants statements about Freeport-McMoRan’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed.
お知らせ • Nov 06Freeport-McMoRan Inc. Announces Appointment of Cory Stevens as President and Chief Operating Officer – AmericasFreeport-McMoRan Inc. announced that A. Cory Stevens has been named President and Chief Operating Officer of Freeport Americas, effective December 1, 2025. Stevens joined Freeport in 1997 and has held multiple leadership roles at the company’s North and South America operations and most recently led the team responsible for developing Freeport’s smelter project in Indonesia. He currently leads FCX’s centralized technical organization, with responsibility for a broad range of technical support functions across the company, including engineering and construction activities, growth projects, including the high-impact innovative leach initiative, operational support and research and development. Under the new structure, Stevens’ role will be expanded to include responsibility for Freeport’s Americas operations. Josh Olmsted, who has served as Freeport Americas President and Chief Operating Officer since 2020, will continue with the company in a Senior Advisory capacity. Stevens has a Bachelor of Science degree in chemical engineering from the New Mexico Institute of Mining and Technology and a Master of Business Administration from Western New Mexico University.
お知らせ • Oct 24Freeport-McMoRan Inc. Provides Sales Guidance for the Year 2025Freeport-McMoRan Inc. provided sales guidance for the year 2025. For the year, the company expects consolidated sales are expected to approximate 3.5 billion pounds of copper, 1.05 million ounces of gold and 82 million pounds of molybdenum for the year 2025, including 635 million pounds of copper, 6 million ounces of gold and 21 million pounds of molybdenum in fourth-quarter 2025.
お知らせ • Oct 10Freeport-McMoRan Inc. to Report Q3, 2025 Results on Oct 23, 2025Freeport-McMoRan Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025
お知らせ • Sep 24+ 2 more updatesFreeport-McMoRan Inc. Provides Earnings Guidance for the Third Quarter of 2025Freeport-McMoRan Inc. provided earnings guidance For the third quarter of 2025. For the period consolidated sales are expected to be approximately 4% lower for copper and approximately 6% lower for gold than July 2025 estimates.
お知らせ • Sep 09Freeport Announces Temporary Suspension of Mining Operations in Grasberg Minerals DistrictFreeport announced that on September 8, 2025 at approximately 10 p.m. local time in Central Papua, Indonesia, a large flow of wet material from a production drawpoint occurred at one of five production blocks in the Grasberg Block Cave underground mine. The incident blocked access to certain areas within the mine, restricting evacuation routes for seven team members. The location of the workers is known, and they are believed to be safe. Crews are working to clear the area for a safe and expeditious evacuation. In parallel, activities are underway to provide support to the workers. At the Grasberg Block Cave operation, ore is mined using remotely operated equipment; however, the material flow from this event blocked access routes where the affected team members were engaged in mine development activities. All other personnel are confirmed safe. Mining operations in the Grasberg minerals district have been temporarily suspended to prioritize the safe evacuation of the seven contractor workers.
Reported Earnings • Aug 11Second quarter 2025 earnings released: EPS: US$0.53 (vs US$0.42 in 2Q 2024)Second quarter 2025 results: EPS: US$0.53 (up from US$0.42 in 2Q 2024). Revenue: US$7.58b (up 14% from 2Q 2024). Net income: US$766.0m (up 26% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • Jun 25Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2025Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 1, 2025, to shareholders of record as of July 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
Reported Earnings • May 11First quarter 2025 earnings released: EPS: US$0.24 (vs US$0.33 in 1Q 2024)First quarter 2025 results: EPS: US$0.24 (down from US$0.33 in 1Q 2024). Revenue: US$5.73b (down 9.4% from 1Q 2024). Net income: US$346.0m (down 26% from 1Q 2024). Profit margin: 6.0% (down from 7.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 21%After last week's 21% share price gain to US$37.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total loss to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$44.28 per share.
お知らせ • Apr 28Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025.
Upcoming Dividend • Apr 11Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 April 2025. Payment date: 01 May 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Chilean dividend payers (8.7%). Lower than average of industry peers (6.9%).
お知らせ • Apr 01Freeport-McMoRan Inc. to Report Q1, 2025 Results on Apr 24, 2025Freeport-McMoRan Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025
お知らせ • Mar 26Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2025Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2025, to shareholders of record as of April 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
Upcoming Dividend • Jan 08Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 January 2025. Payment date: 03 February 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Chilean dividend payers (9.3%). Lower than average of industry peers (7.1%).
Declared Dividend • Dec 24Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th January 2025 Payment date: 3rd February 2025 Dividend yield will be 1.2%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 19Freeport Declares Cash Dividends on Common Stock, Payable on February 3, 2025Freeport announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 3, 2025, to shareholders of record as of January 15, 2025. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.
お知らせ • Oct 24Freeport-McMoRan Inc. Provides Consolidated Sales and Production Guidance for the Year 2024Freeport-McMoRan Inc. provided consolidated sales and production guidance for the Year 2024. For the period, sales volumes are expected to approximate 4.1 billion pounds of copper, 1.8 million ounces of gold and 80 million pounds of molybdenum, including 980 million pounds of copper, 340,000 ounces of gold and 20 million pounds of molybdenum in fourth-quarter 2024. copper and gold production volumes for the year 2024 are expected to exceed 2024 sales volumes, reflecting the deferral of approximately 85 million pounds of copper and 85,000 ounces of gold associated with inventories held at PT-FI’s new downstream processing facilities expected to be sold as refined metal in 2025.
Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.31 in 3Q 2023)Third quarter 2024 results: EPS: US$0.36 (up from US$0.31 in 3Q 2023). Revenue: US$6.79b (up 17% from 3Q 2023). Net income: US$526.0m (up 17% from 3Q 2023). Profit margin: 7.7% (in line with 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Upcoming Dividend • Oct 11Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 15 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Chilean dividend payers (9.3%). Lower than average of industry peers (7.3%).
Declared Dividend • Sep 27Second quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th October 2024 Payment date: 1st November 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.24 in 2Q 2023)Second quarter 2024 results: EPS: US$0.43 (up from US$0.24 in 2Q 2023). Revenue: US$6.62b (up 16% from 2Q 2023). Net income: US$616.0m (up 80% from 2Q 2023). Profit margin: 9.3% (up from 6.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Jul 24Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024Freeport-McMoRan Inc. provided consolidated sales guidance for the third quarter and full year of 2024. For the quarter, the company expects sales to be approximate 1.0 billion pounds of copper, 475,000 ounces of gold and 20 million pounds of molybdenum For the full year, the company expects sales to be approximate 4.1 billion pounds of copper, 1.8 million ounces of gold and 82 million pounds of molybdenum .
お知らせ • Jul 04Freeport-McMoRan Inc. to Report Q2, 2024 Results on Jul 23, 2024Freeport-McMoRan Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024
Declared Dividend • Jul 01First quarter dividend of US$0.075 announcedShareholders will receive a dividend of US$0.075. Ex-date: 15th July 2024 Payment date: 1st August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 52%. Cash payout ratio: 73%.
お知らせ • Jun 26Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2024Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on August 1, 2024, to shareholders of record as of July 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
Recent Insider Transactions • May 09Chairman & CEO recently sold US$2.8m worth of stockOn the 6th of May, Richard Adkerson sold around 55k shares on-market at roughly US$50.78 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months.
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.46 in 1Q 2023)First quarter 2024 results: EPS: US$0.33 (down from US$0.46 in 1Q 2023). Revenue: US$6.32b (up 17% from 1Q 2023). Net income: US$473.0m (down 29% from 1Q 2023). Profit margin: 7.5% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Declared Dividend • Mar 29Fourth quarter dividend of US$0.075 announcedShareholders will receive a dividend of US$0.075. Ex-date: 12th April 2024 Payment date: 1st May 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 47%. Cash payout ratio: 189%.
お知らせ • Mar 27Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on May 1, 2024, to shareholders of record as of April 15, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$44.10, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 8x in the Metals and Mining industry in South America. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$50.19 per share.
New Risk • Feb 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chilean stocks, typically moving 3.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (3.5% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin).
Buy Or Sell Opportunity • Feb 22Now 21% undervaluedOver the last 90 days, the stock has risen 4.1% to US$38.79. The fair value is estimated to be US$48.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
お知らせ • Feb 07+ 2 more updatesFreeport-McMoRan Inc. Announces Chief Executive Officer ChangesFreeport-McMoRan Inc. announced the appointment of Kathleen L. Quirk as Chief Executive Officer to be effective at the annual meeting of shareholders on June 11, 2024. Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors. Richard C. Adkerson will remain Chairman of the Board of Directors, supporting the leadership transition and Freeport’s business on strategic matters of significance to the company. Ms. Quirk joined Freeport in 1989 and had responsibility for a broad range of corporate functions, including Tax, Investor Relations, Corporate Development and Treasury before being named Chief Financial Officer in 2003. She was named President of FCX in 2021 and became a member of the Board of Directors in 2023. As a senior member of the company’s executive team for more than 20 years, she has been instrumental in Freeport’s strategic planning and execution of company goals. Ms. Quirk is a graduate of Louisiana State University.
Reported Earnings • Jan 25Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022)Full year 2023 results: EPS: US$1.28 (down from US$2.40 in FY 2022). Revenue: US$22.9b (flat on FY 2022). Net income: US$1.85b (down 47% from FY 2022). Profit margin: 8.1% (down from 15% in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Jan 25Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024Freeport-McMoRan Inc. provided consolidated sales guidance for the first-quarter and full year of 2024. For the quarter, the company expects sales to be approximate 1.0 billion pounds of copper, 575,000 ounces of gold and 20 million pounds of molybdenum.For the full year, the company expects sales to be approximate 4.1 billion pounds of copper, 2.0 million ounces of gold and 85 million pounds of molybdenum.
お知らせ • Dec 20Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 1, 2024Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2024, to shareholders of record as of January 12, 2024. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework.
Reported Earnings • Oct 20Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.28 in 3Q 2022)Third quarter 2023 results: EPS: US$0.32 (up from US$0.28 in 3Q 2022). Revenue: US$5.82b (up 16% from 3Q 2022). Net income: US$454.0m (up 14% from 3Q 2022). Profit margin: 7.8% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Oct 05Upcoming dividend of US$0.15 per share at 1.7% yieldEligible shareholders must have bought the stock before 12 October 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Chilean dividend payers (14%). Lower than average of industry peers (8.0%).
お知らせ • Sep 21Freeport-Mcmoran Declares Quarterly Cash Dividends, Payable on November 1, 2023Freeport-McMoRan Inc. announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on November 1, 2023, to shareholders of record as of October 13, 2023. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX's performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX's financial results, cash requirements, global economic conditions and other factors it deems relevant.
Reported Earnings • Jul 21Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.58 in 2Q 2022)Second quarter 2023 results: EPS: US$0.24 (down from US$0.58 in 2Q 2022). Revenue: US$5.74b (up 5.9% from 2Q 2022). Net income: US$343.0m (down 59% from 2Q 2022). Profit margin: 6.0% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 43% per year.
Upcoming Dividend • Jul 06Upcoming dividend of US$0.15 per share at 1.5% yieldEligible shareholders must have bought the stock before 13 July 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (8.0%).
Recent Insider Transactions • May 16Insider recently bought US$140k worth of stockOn the 12th of May, Sara Lewis bought around 4k shares on-market at roughly US$34.90 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months.
お知らせ • Feb 13+ 1 more updateFreeport-McMoRan Inc. Provides Update on PT Freeport Indonesia OperationsFreeport-McMoRan Inc. announced that PT Freeport Indonesia's Grasberg operations have been temporarily disrupted because of significant rainfall and landslides in the area of its milling operations in Papua, Indonesia. Intense rains on February 11, 2023, resulted in flooding and a flow of debris, causing damage to infrastructure near its milling complex. Personnel were safely evacuated from the localized area. PT-FI is conducting a damage assessment and preparing a recovery plan to resume operations. Preliminary estimates, which are subject to change as assessments are completed, indicate operations can be restored by the end of February 2023. There is no impact to PT-FI's long term plans.
お知らせ • Feb 08Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of DirectorsFreeport-McMoRan Inc. announced the appointment of Kathleen L. Quirk, FCX’s President, to its Board of Directors, effective immediately. Following this appointment, FCX’s Board of Directors is now comprised of twelve members, including ten independent directors, who possess a diverse range of experiences and strong corporate governance credentials. Ms. Quirk has served as President of FCX since February 2021. Ms. Quirk has over thirty years of experience in the FCX organization and is a senior member of the company’s executive team. Ms. Quirk has been instrumental in FCX’s strategic planning and has responsibility for a broad range of corporate functions. Ms. Quirk previously served as Chief Financial Officer of the company from December 2003 to March 2022. During that period, she was named Best CFO in Metals and Mining by Institutional Investor magazine on numerous occasions. Ms. Quirk holds a Bachelor of Science in Accounting from Louisiana State University. She currently serves on the Board of Directors of Vulcan Materials Company.
Reported Earnings • Jan 26Full year 2022 earnings released: EPS: US$2.39 (vs US$2.93 in FY 2021)Full year 2022 results: EPS: US$2.39 (down from US$2.93 in FY 2021). Revenue: US$22.8b (flat on FY 2021). Net income: US$3.47b (down 19% from FY 2021). Profit margin: 15% (down from 19% in FY 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.8% decline forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 06Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 12 January 2023. Payment date: 01 February 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (7.2%).
Reported Earnings • Oct 22Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.95 in 3Q 2021)Third quarter 2022 results: EPS: US$0.28 (down from US$0.95 in 3Q 2021). Revenue: US$5.00b (down 18% from 3Q 2021). Net income: US$404.0m (down 71% from 3Q 2021). Profit margin: 8.1% (down from 23% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Oct 06Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 13 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (10%).
Recent Insider Transactions • Sep 01Insider recently bought US$988k worth of stockOn the 29th of August, Ryan Lance bought around 31k shares on-market at roughly US$31.88 per share. This transaction increased Ryan Lance's direct individual holding by 22x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.6m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Aug 06Independent Director recently bought US$86k worth of stockOn the 3rd of August, Sara Lewis bought around 3k shares on-market at roughly US$28.79 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$579k more in shares than they have sold in the last 12 months.
Reported Earnings • Jul 22Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.73 in 2Q 2021)Second quarter 2022 results: EPS: US$0.58 (down from US$0.73 in 2Q 2021). Revenue: US$5.42b (down 5.8% from 2Q 2021). Net income: US$840.0m (down 22% from 2Q 2021). Profit margin: 16% (down from 19% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to decline by 1.1% while the industry in Chile is not expected to grow. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorated over the past weekAfter last week's 29% share price decline to US$28.74, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 190% over the past three years.
Upcoming Dividend • Jul 07Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 01 August 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Chilean dividend payers (14%). Lower than average of industry peers (15%).
Recent Insider Transactions • Apr 28Insider recently bought US$501k worth of stockOn the 25th of April, Hugh Grant bought around 12k shares on-market at roughly US$40.75 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$460k more in shares than they bought in the last 12 months.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)First quarter 2022 results: EPS: US$1.04 (up from US$0.49 in 1Q 2021). Revenue: US$6.60b (up 36% from 1Q 2021). Net income: US$1.53b (up 113% from 1Q 2021). Profit margin: 23% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.8% compared to a 5.2% decline forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Sara Lewis was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 22First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)First quarter 2022 results: EPS: US$1.04 (up from US$0.49 in 1Q 2021). Revenue: US$6.60b (up 36% from 1Q 2021). Net income: US$1.53b (up 113% from 1Q 2021). Profit margin: 23% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.6% compared to a 5.5% decline forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 06Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 13 April 2022. Payment date: 02 May 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Chilean dividend payers (9.3%). Lower than average of industry peers (11%).
Reported Earnings • Jan 28Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$2.91 (up from US$0.41 in FY 2020). Revenue: US$22.8b (up 61% from FY 2020). Net income: US$4.31b (up US$3.71b from FY 2020). Profit margin: 19% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 9.4% compared to a 7.3% decline forecast for the mining industry in Chile. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improved over the past weekAfter last week's 17% share price gain to US$45.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 8x in the Metals and Mining industry in South America. Total returns to shareholders of 309% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$56.67 per share.
Upcoming Dividend • Jan 06Upcoming dividend of US$0.15 per shareEligible shareholders must have bought the stock before 13 January 2022. Payment date: 01 February 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Chilean dividend payers (9.2%). Lower than average of industry peers (6.8%).
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$38.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Metals and Mining industry in South America. Total returns to shareholders of 211% over the past three years.
Reported Earnings • Oct 22Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.22 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$6.08b (up 58% from 3Q 2020). Net income: US$1.40b (up 329% from 3Q 2020). Profit margin: 23% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Oct 07Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 14 October 2021. Payment date: 01 November 2021. Trailing yield: 0.9%. Lower than top quartile of Chilean dividend payers (7.8%). Lower than average of industry peers (9.2%).
Reported Earnings • Jul 24Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$11.5b (up 276% from 2Q 2020). Net income: US$2.17b (up US$2.11b from 2Q 2020). Profit margin: 19% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 07Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 14 July 2021. Payment date: 02 August 2021. Trailing yield: 0.8%. Lower than top quartile of Chilean dividend payers (7.1%). Lower than average of industry peers (4.4%).
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$34.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 5x in the Metals and Mining industry in South America. Total returns to shareholders of 124% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$66.08 per share.
Recent Insider Transactions • Jun 10Independent Non-Executive Director recently sold US$746k worth of stockOn the 7th of June, Gerald Ford sold around 18k shares on-market at roughly US$40.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$84m more than they bought in the last 12 months.
Recent Insider Transactions • May 09VP & Controller of Financial Reporting recently sold US$207k worth of stockOn the 5th of May, C. Whitmire sold around 5k shares on-market at roughly US$41.35 per share. In the last 3 months, there was an even bigger sale from another insider worth US$71m. Insiders have been net sellers, collectively disposing of US$83m more than they bought in the last 12 months.
Recent Insider Transactions • Apr 28Independent Non-Executive Director recently sold US$133k worth of stockOn the 26th of April, Gerald Ford sold around 3k shares on-market at roughly US$38.82 per share. In the last 3 months, they made an even bigger sale worth US$71m. Insiders have been net sellers, collectively disposing of US$83m more than they bought in the last 12 months.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS US$0.48 (vs US$0.34 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$4.85b (up 73% from 1Q 2020). Net income: US$718.0m (up US$1.21b from 1Q 2020). Profit margin: 15% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 07Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 14 April 2021. Payment date: 03 May 2021. Trailing yield: 0.9%. Lower than top quartile of Chilean dividend payers (5.9%). Lower than average of industry peers (5.7%).
Recent Insider Transactions • Mar 06Independent Non-Executive Director recently sold US$10.0m worth of stockOn the 4th of March, Gerald Ford sold around 300k shares on-market at roughly US$33.24 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$10m more than they bought in the last 12 months.
Recent Insider Transactions • Feb 25VP & Controller of Financial Reporting recently sold US$246k worth of stockOn the 19th of February, C. Whitmire sold around 7k shares on-market at roughly US$35.10 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$3.1m more than they sold in the last 12 months.
Reported Earnings • Feb 19Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$14.2b (down 1.4% from FY 2019). Net income: US$596.0m (up US$841.0m from FY 2019). Profit margin: 4.2% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Production and reserves: Copper Production: 1.178 Mt (1.17 Mt in FY 2019) Proved and probable reserves (ore): 17,835 Mt (17,911 Mt in FY 2019) Number of mines: 11 (11 in FY 2019) Gold Production: 698 troy koz (720 troy koz in FY 2019) Proved and probable reserves (ore): 7,757 Mt (7,506 Mt in FY 2019) Number of mines: 6 (6 in FY 2019) Molybdenum Production: 30,391 t (34,927 t in FY 2019) Proved and probable reserves (ore): 11,079 Mt (11,030 Mt in FY 2019) Number of mines: 7 (7 in FY 2019) Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 19Revenue beats expectationsRevenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 40%, compared to a 32% growth forecast for the Metals and Mining industry in Chile.
