Freeport-McMoRan Inc.

SWX:FCX Stock Report

Market Cap: CHF 47.5b

Freeport-McMoRan Valuation

Is FCX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FCX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CHF 20.15
Fair Value
50.4% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: FCX (CHF10) is trading below our estimate of fair value (CHF20.15)

Significantly Below Fair Value: FCX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FCX?

Key metric: As FCX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FCX. This is calculated by dividing FCX's market cap by their current earnings.
What is FCX's PE Ratio?
PE Ratio31.2x
EarningsUS$1.92b
Market CapUS$59.89b

Price to Earnings Ratio vs Peers

How does FCX's PE Ratio compare to its peers?

The above table shows the PE ratio for FCX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
GIVN Givaudan
29.9x5.21%CHF 32.7b
HOLN Holcim
11.4x-4.06%CHF 36.2b
SIKA Sika
23.2x8.68%CHF 28.3b
AMRZ Amrize
22.9x14.70%CHF 21.5b
FCX Freeport-McMoRan
31.2x19.79%CHF 59.9b

Price-To-Earnings vs Peers: FCX is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

How does FCX's PE Ratio compare vs other companies in the European Metals and Mining Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FCX 31.2xIndustry Avg. 16.1xNo. of Companies17PE01020304050+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FCX is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the European Metals and Mining industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is FCX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FCX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.2x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: FCX is expensive based on its Price-To-Earnings Ratio (31.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FCX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 10.00
CHF 37.20
+271.96%
12.87%CHF 43.61CHF 19.82n/a20
Oct ’26CHF 10.00
CHF 36.80
+268.00%
12.68%CHF 43.84CHF 21.52n/a19
Sep ’26CHF 10.00
CHF 40.39
+303.91%
12.74%CHF 45.61CHF 21.60n/a19
Aug ’26CHF 10.00
CHF 41.26
+312.59%
12.61%CHF 46.30CHF 21.93n/a19
Jul ’26CHF 10.00
CHF 35.63
+256.28%
16.43%CHF 43.58CHF 20.60n/a19
Jun ’26CHF 10.00
CHF 36.34
+263.44%
15.85%CHF 45.25CHF 21.39n/a19
May ’26CHF 10.00
CHF 36.24
+262.40%
16.04%CHF 45.39CHF 21.46n/a19
Apr ’26CHF 10.00
CHF 41.93
+319.34%
17.25%CHF 53.07CHF 22.10n/a20
Mar ’26CHF 10.00
CHF 42.62
+326.18%
17.37%CHF 53.99CHF 22.48n/a20
Feb ’26CHF 10.00
CHF 42.92
+329.15%
18.32%CHF 54.60CHF 22.73n/a20
Jan ’26CHF 10.00
CHF 47.32
+373.23%
15.87%CHF 55.45CHF 22.36n/a21
Dec ’25CHF 10.00
CHF 47.14
+371.44%
14.51%CHF 54.75CHF 22.07n/a21
Nov ’25CHF 10.00
CHF 47.92
+379.25%
9.52%CHF 57.95CHF 37.26n/a20
Oct ’25CHF 10.00
CHF 46.28
+362.83%
10.61%CHF 56.70CHF 36.46CHF 10.0019
Sep ’25CHF 10.00
CHF 46.18
+361.79%
10.00%CHF 53.40CHF 36.51CHF 10.0019
Aug ’25CHF 10.00
CHF 48.78
+387.77%
8.74%CHF 55.65CHF 38.87CHF 10.0019
Jul ’25CHF 10.00
CHF 49.60
+395.96%
9.59%CHF 58.39CHF 40.42CHF 10.0019
Jun ’25CHF 10.00
CHF 48.12
+381.20%
10.29%CHF 54.21CHF 40.66CHF 10.0020
May ’25CHF 10.00
CHF 47.25
+372.48%
10.94%CHF 54.83CHF 37.47CHF 10.0021
Apr ’25CHF 10.00
CHF 42.91
+329.08%
10.77%CHF 51.57CHF 35.28CHF 10.0021
Mar ’25CHF 10.00
CHF 40.60
+306.03%
10.96%CHF 50.08CHF 32.51CHF 10.0021
Feb ’25CHF 11.00
CHF 39.90
+262.71%
10.96%CHF 49.12CHF 31.88CHF 10.0021
Jan ’25CHF 11.00
CHF 38.92
+253.80%
11.94%CHF 48.77CHF 31.65CHF 10.0020
Dec ’24CHF 11.00
CHF 40.10
+264.57%
11.17%CHF 49.91CHF 32.40CHF 10.0020
Nov ’24CHF 11.00
CHF 42.09
+282.64%
10.47%CHF 51.10CHF 36.76CHF 10.0019
Oct ’24CHF 11.00
CHF 43.99
+299.91%
9.57%CHF 52.18CHF 38.45CHF 10.0018
CHF 11.25
Fair Value
11.1% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/16 07:48
End of Day Share Price 2025/10/16 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Freeport-McMoRan Inc. is covered by 43 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ColemanArgus Research Company
Peter WardBarclays
Alessandro AbateBerenberg