Freeport-McMoRan (XTRA:FPMB) - Stock Price, News & Analysis

FPMB Stock Overview

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.

FPMB fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	2/6
Financial Health	5/6
Dividends	1/6

Rewards

Trading at 17.3% below our estimate of its fair value

Earnings are forecast to grow 24.8% per year

Risk Analysis

Profit margins (8.1%) are lower than last year (15.2%)

Freeport-McMoRan Inc. Competitors

Aurubis

XTRA:NDA

€3.3b

Heidelberg Materials

XTRA:HEI

€17.0b

Symrise

XTRA:SY1

€14.7b

Southern Copper

NYSE:SCCO

US$87.7b

Price History & Performance

Summary of all time highs, changes and price drops for Freeport-McMoRan
Historical stock prices
Current Share Price	US$47.23
52 Week High	US$49.04
52 Week Low	US$30.66
Beta	2.06
1 Month Change	12.41%
3 Month Change	35.76%
1 Year Change	31.53%
3 Year Change	58.05%
5 Year Change	n/a
Change since IPO	113.69%

Recent updates

Shareholder Returns

	FPMB	DE Metals and Mining	DE Market
7D	-0.7%	-3.9%	-1.7%
1Y	31.5%	-28.3%	-0.2%

Return vs Industry: FPMB exceeded the German Metals and Mining industry which returned -27.7% over the past year.

Return vs Market: FPMB exceeded the German Market which returned 0.9% over the past year.

Price Volatility

Is FPMB's price volatile compared to industry and market?
FPMB volatility
FPMB Average Weekly Movement	4.3%
Metals and Mining Industry Average Movement	5.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.0%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: FPMB's share price has been volatile over the past 3 months.

Volatility Over Time: FPMB's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	27,200	Richard Adkerson	fcx.com

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company’s assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.

Freeport-McMoRan Inc. Fundamentals Summary

How do Freeport-McMoRan's earnings and revenue compare to its market cap?
FPMB fundamental statistics
Market cap	€66.80b
Earnings (TTM)	€1.73b
Revenue (TTM)	€21.45b

38.6x

P/E Ratio

3.1x

P/S Ratio

Is FPMB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FPMB income statement (TTM)
Revenue	US$22.86b
Cost of Revenue	US$13.63b
Gross Profit	US$9.23b
Other Expenses	US$7.39b
Earnings	US$1.84b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 23, 2024

Earnings per share (EPS)	1.28
Gross Margin	40.38%
Net Profit Margin	8.06%
Debt/Equity Ratio	34.5%

How did FPMB perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

47%

Payout Ratio

FPMB Stock Overview

Rewards

Risk Analysis

Freeport-McMoRan Inc. Competitors

XTRA:NDA

€3.3b

XTRA:HEI

€17.0b

XTRA:SY1

€14.7b

NYSE:SCCO

US$87.7b

Price History & Performance

Recent News & Updates

Fourth quarter dividend of US$0.075 announced

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022)

Now 21% undervalued

Recent updates

Fourth quarter dividend of US$0.075 announced

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022)

Now 21% undervalued

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 1, 2024

Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.28 in 3Q 2022)

Upcoming dividend of US$0.15 per share at 1.7% yield

Freeport-Mcmoran Declares Quarterly Cash Dividends, Payable on November 1, 2023

Now 21% undervalued

Now 21% undervalued

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.58 in 2Q 2022)

Upcoming dividend of US$0.15 per share at 1.5% yield

Now 22% undervalued after recent price drop

Insider recently bought €129k worth of stock

Freeport-McMoRan Inc. Provides Update on PT Freeport Indonesia Operations

Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of Directors

Full year 2022 earnings released: EPS: US$2.39 (vs US$2.93 in FY 2021)

Now 20% undervalued

Upcoming dividend of US$0.075 per share

Freeport-McMoRan Inc. Declares Quarterly Cash Dividend, Payable on February 1, 2023

Freeport Reportedly in Talks to Buy Arizona Smelter

Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.95 in 3Q 2021)

Upcoming dividend of US$0.15 per share

Freeport-Mcmoran Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on November 1, 2022

Insider recently bought €989k worth of stock

Independent Director recently bought €85k worth of stock

Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.73 in 2Q 2021)

Upcoming dividend of US$0.15 per share

Freeport-Mcmoran Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on August 1, 2022

Investor sentiment deteriorated over the past week

Insider recently bought €468k worth of stock

First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)

High number of new directors

First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)

Freeport-McMoRan Inc., Annual General Meeting, Jun 09, 2022

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Freeport-Mcmoran Inc. Appoints Hugh Grant to Serve on the Compensation Committee of the Board

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.15 per share

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.22 in 3Q 2020)

Upcoming dividend of US$0.075 per share

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020)

Upcoming dividend of US$0.075 per share

Freeport-McMoRan Inc.(NYSE:FCX) dropped from Russell Midcap Index

Independent Non-Executive Director recently sold €612k worth of stock

VP & Controller of Financial Reporting recently sold €172k worth of stock

Independent Non-Executive Director recently sold €110k worth of stock

First quarter 2021 earnings released: EPS US$0.48 (vs US$0.34 loss in 1Q 2020)

Freeport-Mcmoran Inc. Provides Consolidated Operating Guidance for the Year 2021

Upcoming dividend of US$0.075 per share

Independent Non-Executive Director recently sold €8.3m worth of stock

VP & Controller of Financial Reporting recently sold €203k worth of stock

Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019)