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1/6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3/6報酬当社が推定した公正価値より18.5%で取引されている 収益は年間14.35%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MX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 ValueMex$Current PriceMex$1.05k34.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-14b38b2016201920222025202620282031Revenue US$38.4bEarnings US$4.0bAdvancedSet Fair ValueView all narrativesFreeport-McMoRan Inc. 競合他社Grupo México. deSymbol: BMV:GMEXICO BMarket cap: Mex$1.6tIndustrias Peñoles. deSymbol: BMV:PE&OLES *Market cap: Mex$385.0bCEMEX. deSymbol: BMV:CEMEX CPOMarket cap: Mex$316.8bSouthern CopperSymbol: NYSE:SCCOMarket cap: US$141.0b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$1,051.0052週高値US$1,211.0052週安値US$657.00ベータ1.321ヶ月の変化-12.43%3ヶ月変化-2.00%1年変化36.14%3年間の変化77.83%5年間の変化27.86%IPOからの変化120.34%最新ニュースBuy Or Sell Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to Mex$1,033. The fair value is estimated to be Mex$1,314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Buy Or Sell Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to Mex$1,017. The fair value is estimated to be Mex$1,289, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: US$0.61 (vs US$0.24 in 1Q 2025)First quarter 2026 results: EPS: US$0.61 (up from US$0.24 in 1Q 2025). Revenue: US$6.23b (up 8.8% from 1Q 2025). Net income: US$881.0m (up 150% from 1Q 2025). Profit margin: 14% (up from 6.1% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 0.8%, 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 47% 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.最新情報をもっと見るRecent updatesBuy Or Sell Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to Mex$1,033. The fair value is estimated to be Mex$1,314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Buy Or Sell Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to Mex$1,017. The fair value is estimated to be Mex$1,289, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: US$0.61 (vs US$0.24 in 1Q 2025)First quarter 2026 results: EPS: US$0.61 (up from US$0.24 in 1Q 2025). Revenue: US$6.23b (up 8.8% from 1Q 2025). Net income: US$881.0m (up 150% from 1Q 2025). Profit margin: 14% (up from 6.1% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 0.8%, 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 47% 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.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.Recent Insider Transactions • Feb 26VP & Chief Accounting Officer recently sold Mex$12m worth of stockOn the 18th of February, Ellie Mikes sold around 11k shares on-market at roughly Mex$1,063 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$170m. Insiders have been net sellers, collectively disposing of Mex$273m more than they bought in the last 12 months.Recent Insider Transactions • Feb 24VP & Chief Accounting Officer recently sold Mex$12m worth of stockOn the 18th of February, Ellie Mikes sold around 11k shares on-market at roughly Mex$1,063 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$170m. Insiders have been net sellers, collectively disposing of Mex$273m more than they bought in the last 12 months.Recent Insider Transactions • Feb 22Executive VP & CFO recently sold Mex$51m worth of stockOn the 13th of February, Maree Robertson sold around 49k shares on-market at roughly Mex$1,057 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$170m. This was Maree's only on-market trade for the last 12 months.Recent Insider Transactions • Feb 13Chairman recently sold Mex$170m worth of stockOn the 11th of February, Richard Adkerson sold around 153k shares on-market at roughly Mex$1,114 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 22Full 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 6.3% 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 7% 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 Mexican dividend payers (6.0%). Lower than average of industry peers (4.7%).Declared Dividend • Dec 25Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th January 2026 Payment date: 2nd February 2026 Dividend yield will be 0.9%, 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.Buy Or Sell Opportunity • Jul 30Now 20% undervaluedOver the last 90 days, the stock has risen 4.4% to Mex$730. The fair value is estimated to be Mex$918, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Reported Earnings • Jul 25Second quarter 2025 earnings released: EPS: US$0.54 (vs US$0.43 in 2Q 2024)Second quarter 2025 results: EPS: US$0.54 (up from US$0.43 in 2Q 2024). Revenue: US$7.58b (up 14% from 2Q 2024). Net income: US$772.0m (up 25% 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 2.1% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (Mex$6.6m sold).Declared Dividend • Jun 28First quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th July 2025 Payment date: 1st August 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (54% 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 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.Recent Insider Transactions • Jun 11VP & Chief Accounting Officer recently sold Mex$6.6m worth of stockOn the 2nd of June, Ellie Mikes sold around 9k shares on-market at roughly Mex$769 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months.Recent Insider Transactions • Jun 08VP & Chief Accounting Officer recently sold Mex$6.6m worth of stockOn the 2nd of June, Ellie Mikes sold around 9k shares on-market at roughly Mex$769 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months.Recent Insider Transactions • Jun 05VP & Chief Accounting Officer recently sold Mex$6.6m worth of stockOn the 2nd of June, Ellie Mikes sold around 9k shares on-market at roughly Mex$769 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months.お知らせ • Apr 28Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025.Reported Earnings • Apr 25First 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$352.0m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 7.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.0% 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 5% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to Mex$635. The fair value is estimated to be Mex$805, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to Mex$675, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$871 per share.Buy Or Sell Opportunity • Apr 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to Mex$675. The fair value is estimated to be Mex$871, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.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, 2025Declared Dividend • Mar 28Fourth quarter dividend of US$0.075 announcedShareholders will receive a dividend of US$0.075. Ex-date: 15th April 2025 Payment date: 1st May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (37% 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 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.New Risk • Mar 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.7% 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Feb 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to Mex$782. The fair value is estimated to be Mex$985, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Reported Earnings • Jan 24Full year 2024 earnings released: EPS: US$1.31 (vs US$1.29 in FY 2023)Full year 2024 results: EPS: US$1.31 (up from US$1.29 in FY 2023). Revenue: US$25.5b (up 11% from FY 2023). Net income: US$1.89b (up 2.6% from FY 2023). Profit margin: 7.4% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.0% 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 remained flat, 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 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 Mexican dividend payers (6.8%). Lower than average of industry peers (7.0%).Declared Dividend • Dec 20Third 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 0.9%, 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.Recent Insider Transactions • Nov 14Executive VP & CFO recently sold Mex$12m worth of stockOn the 11th of November, Maree Robertson sold around 13k shares on-market at roughly Mex$918 per share. This transaction amounted to 49% 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 Maree's only on-market trade for the last 12 months.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 22Third 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 7% 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 Mexican dividend payers (7.2%). 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 0.6%, 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.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to Mex$1,015, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 10x in the Metals and Mining industry in South America. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,756 per share.Reported Earnings • Jul 24Second 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 4% 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 0.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (73% 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 136% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.Buy Or Sell Opportunity • May 17Now 21% undervaluedOver the last 90 days, the stock has risen 28% to Mex$856. The fair value is estimated to be Mex$1,086, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Recent Insider Transactions • May 09Chairman & CEO recently sold Mex$47m worth of stockOn the 6th of May, Richard Adkerson sold around 55k shares on-market at roughly Mex$858 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 1% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Apr 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to Mex$837. The fair value is estimated to be Mex$696, however this is not to be taken as a sell 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 4.5% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.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 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (189% 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 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover.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.New Risk • Feb 29New 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 Mexican stocks, typically moving 6.5% 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 (6.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin).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.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.Reported Earnings • Jan 24Full 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 4.4% 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 9% per year, which means it is well ahead of earnings.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 5.3% p.a. on average during the next 3 years, compared to a 6.7% 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 whereas the company’s share price has increased by 19% per year.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 Mexican dividend payers (6.8%). Lower than average of industry peers (8.1%).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 20Second 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 but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.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 Mexican dividend payers (6.6%). Lower than average of industry peers (8.0%).Recent Insider Transactions • May 16Insider recently bought Mex$2.5m worth of stockOn the 12th of May, Sara Lewis bought around 4k shares on-market at roughly Mex$615 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 Mex$21m 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). Production and reserves: Copper Production: 1.526 Mt (1.407 Mt in FY 2021) Number of mines: 10 (10 in FY 2021) Gold Production: 1,474 troy koz (1,124 troy koz in FY 2021) Molybdenum Production: 33,566 t (34,019 t in FY 2021) Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Mexico. 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 60% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to Mex$853, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 247% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$792 per share.Upcoming Dividend • Jan 05Upcoming 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 Mexican dividend payers (6.4%). Lower than average of industry peers (7.5%).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 1.7% growth forecast for the Metals and Mining industry in Mexico. 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 48% 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 Mexican dividend payers (6.6%). Lower than average of industry peers (10%).Buying Opportunity • Sep 23Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be Mex$684, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 96%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is forecast to decline by 7.8% per annum over the same time period.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Mex$560, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 203% over the past three years.Recent Insider Transactions • Aug 06Independent Director recently bought Mex$1.8m worth of stockOn the 3rd of August, Sara Lewis bought around 3k shares on-market at roughly Mex$594 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$12m 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 expected to shrink by 1.1% compared to a 2.4% decline forecast for the industry in Mexico. 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 36% per year, which means it is significantly lagging earnings growth.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: 2.1%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (15%).Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to Mex$630, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 195% over the past three years.Recent Insider Transactions • Apr 28Insider recently bought Mex$10m worth of stockOn the 25th of April, Hugh Grant bought around 12k shares on-market at roughly Mex$827 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$8.9m more in shares than they bought in the last 12 months.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 2.8% growth forecast for the industry in Mexico. 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 53% 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 Mexican dividend payers (5.2%). Lower than average of industry peers (10%).Recent Insider Transactions • Mar 12VP & Controller of Financial Reporting recently sold Mex$178k worth of stockOn the 4th of March, C. Whitmire sold around 170 shares on-market at roughly Mex$1,048 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$22m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to Mex$1,007, 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 326% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,357 per share.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 3.4% growth forecast for the mining industry in Mexico. 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 52% per year, which means it is tracking significantly ahead of earnings growth.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 Mexican dividend payers (4.9%). Lower than average of industry peers (6.8%).株主還元FCX *MX Metals and MiningMX 市場7D-9.2%-3.9%-0.6%1Y36.1%97.0%17.2%株主還元を見る業界別リターン: FCX *過去 1 年間で97 % の収益を上げたMX 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17.2 % の収益を上げたMX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 Movement7.4%Metals and Mining Industry Average Movement6.2%Market Average Movement4.0%10% most volatile stocks in MX Market6.0%10% least volatile stocks in MX Market2.6%安定した株価: FCX *の株価は、 MX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 ( 7% ) は過去 1 年間安定していますが、依然としてMX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Mex$1.46t収益（TTM）Mex$47.11b売上高(TTM)Mex$456.73b32.1xPER（株価収益率3.3xP/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2026/05/20 21:16終値2026/05/20 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。43 アナリスト機関David ColemanArgus Research CompanyPeter WardBarclaysAlessandro AbateBerenberg40 その他のアナリストを表示
Buy Or Sell Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to Mex$1,033. The fair value is estimated to be Mex$1,314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Buy Or Sell Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to Mex$1,017. The fair value is estimated to be Mex$1,289, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.
Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: US$0.61 (vs US$0.24 in 1Q 2025)First quarter 2026 results: EPS: US$0.61 (up from US$0.24 in 1Q 2025). Revenue: US$6.23b (up 8.8% from 1Q 2025). Net income: US$881.0m (up 150% from 1Q 2025). Profit margin: 14% (up from 6.1% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 0.8%, 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 47% 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.
Buy Or Sell Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to Mex$1,033. The fair value is estimated to be Mex$1,314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Buy Or Sell Opportunity • Apr 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to Mex$1,017. The fair value is estimated to be Mex$1,289, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
お知らせ • Apr 25Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026Freeport-McMoRan Inc., Annual General Meeting, Jun 10, 2026.
Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: US$0.61 (vs US$0.24 in 1Q 2025)First quarter 2026 results: EPS: US$0.61 (up from US$0.24 in 1Q 2025). Revenue: US$6.23b (up 8.8% from 1Q 2025). Net income: US$881.0m (up 150% from 1Q 2025). Profit margin: 14% (up from 6.1% in 1Q 2025). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Mar 27Fourth quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th April 2026 Payment date: 1st May 2026 Dividend yield will be 0.8%, 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 47% 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.
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.
Recent Insider Transactions • Feb 26VP & Chief Accounting Officer recently sold Mex$12m worth of stockOn the 18th of February, Ellie Mikes sold around 11k shares on-market at roughly Mex$1,063 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$170m. Insiders have been net sellers, collectively disposing of Mex$273m more than they bought in the last 12 months.
Recent Insider Transactions • Feb 24VP & Chief Accounting Officer recently sold Mex$12m worth of stockOn the 18th of February, Ellie Mikes sold around 11k shares on-market at roughly Mex$1,063 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$170m. Insiders have been net sellers, collectively disposing of Mex$273m more than they bought in the last 12 months.
Recent Insider Transactions • Feb 22Executive VP & CFO recently sold Mex$51m worth of stockOn the 13th of February, Maree Robertson sold around 49k shares on-market at roughly Mex$1,057 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth Mex$170m. This was Maree's only on-market trade for the last 12 months.
Recent Insider Transactions • Feb 13Chairman recently sold Mex$170m worth of stockOn the 11th of February, Richard Adkerson sold around 153k shares on-market at roughly Mex$1,114 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 22Full 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 6.3% 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 7% 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 Mexican dividend payers (6.0%). Lower than average of industry peers (4.7%).
Declared Dividend • Dec 25Third quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th January 2026 Payment date: 2nd February 2026 Dividend yield will be 0.9%, 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.
Buy Or Sell Opportunity • Jul 30Now 20% undervaluedOver the last 90 days, the stock has risen 4.4% to Mex$730. The fair value is estimated to be Mex$918, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 33%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Reported Earnings • Jul 25Second quarter 2025 earnings released: EPS: US$0.54 (vs US$0.43 in 2Q 2024)Second quarter 2025 results: EPS: US$0.54 (up from US$0.43 in 2Q 2024). Revenue: US$7.58b (up 14% from 2Q 2024). Net income: US$772.0m (up 25% 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 2.1% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
New Risk • Jul 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (Mex$6.6m sold).
Declared Dividend • Jun 28First quarter dividend of US$0.15 announcedShareholders will receive a dividend of US$0.15. Ex-date: 15th July 2025 Payment date: 1st August 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (54% 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 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
Recent Insider Transactions • Jun 11VP & Chief Accounting Officer recently sold Mex$6.6m worth of stockOn the 2nd of June, Ellie Mikes sold around 9k shares on-market at roughly Mex$769 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 08VP & Chief Accounting Officer recently sold Mex$6.6m worth of stockOn the 2nd of June, Ellie Mikes sold around 9k shares on-market at roughly Mex$769 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 05VP & Chief Accounting Officer recently sold Mex$6.6m worth of stockOn the 2nd of June, Ellie Mikes sold around 9k shares on-market at roughly Mex$769 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$19m more than they bought in the last 12 months.
お知らせ • Apr 28Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2025.
Reported Earnings • Apr 25First 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$352.0m (down 26% from 1Q 2024). Profit margin: 6.1% (down from 7.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.0% 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 5% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Apr 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to Mex$635. The fair value is estimated to be Mex$805, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to Mex$675, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$871 per share.
Buy Or Sell Opportunity • Apr 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to Mex$675. The fair value is estimated to be Mex$871, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
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
Declared Dividend • Mar 28Fourth quarter dividend of US$0.075 announcedShareholders will receive a dividend of US$0.075. Ex-date: 15th April 2025 Payment date: 1st May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (37% 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 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
New Risk • Mar 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.7% 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Feb 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to Mex$782. The fair value is estimated to be Mex$985, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Jan 24Full year 2024 earnings released: EPS: US$1.31 (vs US$1.29 in FY 2023)Full year 2024 results: EPS: US$1.31 (up from US$1.29 in FY 2023). Revenue: US$25.5b (up 11% from FY 2023). Net income: US$1.89b (up 2.6% from FY 2023). Profit margin: 7.4% (down from 8.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.0% 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 remained flat, 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 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 Mexican dividend payers (6.8%). Lower than average of industry peers (7.0%).
Declared Dividend • Dec 20Third 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 0.9%, 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.
Recent Insider Transactions • Nov 14Executive VP & CFO recently sold Mex$12m worth of stockOn the 11th of November, Maree Robertson sold around 13k shares on-market at roughly Mex$918 per share. This transaction amounted to 49% 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 Maree's only on-market trade for the last 12 months.
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 22Third 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 7% 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 Mexican dividend payers (7.2%). 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 0.6%, 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.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 18%After last week's 18% share price gain to Mex$1,015, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 10x in the Metals and Mining industry in South America. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,756 per share.
Reported Earnings • Jul 24Second 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 4% 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 0.9%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (73% 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 136% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
Buy Or Sell Opportunity • May 17Now 21% undervaluedOver the last 90 days, the stock has risen 28% to Mex$856. The fair value is estimated to be Mex$1,086, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has declined by 18%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Recent Insider Transactions • May 09Chairman & CEO recently sold Mex$47m worth of stockOn the 6th of May, Richard Adkerson sold around 55k shares on-market at roughly Mex$858 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 1% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Apr 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 24% to Mex$837. The fair value is estimated to be Mex$696, however this is not to be taken as a sell 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 4.5% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
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 1.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not covered by cash flows (189% 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 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
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.
New Risk • Feb 29New 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 Mexican stocks, typically moving 6.5% 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 (6.5% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin).
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.
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.
Reported Earnings • Jan 24Full 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 4.4% 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 9% per year, which means it is well ahead of earnings.
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 5.3% p.a. on average during the next 3 years, compared to a 6.7% 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 whereas the company’s share price has increased by 19% per year.
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 Mexican dividend payers (6.8%). Lower than average of industry peers (8.1%).
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 20Second 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 but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
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 Mexican dividend payers (6.6%). Lower than average of industry peers (8.0%).
Recent Insider Transactions • May 16Insider recently bought Mex$2.5m worth of stockOn the 12th of May, Sara Lewis bought around 4k shares on-market at roughly Mex$615 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 Mex$21m 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). Production and reserves: Copper Production: 1.526 Mt (1.407 Mt in FY 2021) Number of mines: 10 (10 in FY 2021) Gold Production: 1,474 troy koz (1,124 troy koz in FY 2021) Molybdenum Production: 33,566 t (34,019 t in FY 2021) Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Mexico. 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 60% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to Mex$853, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 9x in the Metals and Mining industry in South America. Total returns to shareholders of 247% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$792 per share.
Upcoming Dividend • Jan 05Upcoming 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 Mexican dividend payers (6.4%). Lower than average of industry peers (7.5%).
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 1.7% growth forecast for the Metals and Mining industry in Mexico. 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 48% 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 Mexican dividend payers (6.6%). Lower than average of industry peers (10%).
Buying Opportunity • Sep 23Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be Mex$684, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 96%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is forecast to decline by 7.8% per annum over the same time period.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to Mex$560, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 203% over the past three years.
Recent Insider Transactions • Aug 06Independent Director recently bought Mex$1.8m worth of stockOn the 3rd of August, Sara Lewis bought around 3k shares on-market at roughly Mex$594 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$12m 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 expected to shrink by 1.1% compared to a 2.4% decline forecast for the industry in Mexico. 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 36% per year, which means it is significantly lagging earnings growth.
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: 2.1%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (15%).
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to Mex$630, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Metals and Mining industry in South America. Total returns to shareholders of 195% over the past three years.
Recent Insider Transactions • Apr 28Insider recently bought Mex$10m worth of stockOn the 25th of April, Hugh Grant bought around 12k shares on-market at roughly Mex$827 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$8.9m more in shares than they bought in the last 12 months.
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 2.8% growth forecast for the industry in Mexico. 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 53% 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 Mexican dividend payers (5.2%). Lower than average of industry peers (10%).
Recent Insider Transactions • Mar 12VP & Controller of Financial Reporting recently sold Mex$178k worth of stockOn the 4th of March, C. Whitmire sold around 170 shares on-market at roughly Mex$1,048 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$22m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 16% share price gain to Mex$1,007, 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 326% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,357 per share.
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 3.4% growth forecast for the mining industry in Mexico. 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 52% per year, which means it is tracking significantly ahead of earnings growth.
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 Mexican dividend payers (4.9%). Lower than average of industry peers (6.8%).
