Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.
Reasonable growth potential and slightly overvalued.
Share Price & News
How has Freeport-McMoRan's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCX's share price has been volatile over the past 3 months.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: FCX underperformed the US Metals and Mining industry which returned 7.2% over the past year.
Return vs Market: FCX underperformed the US Market which returned 8.9% over the past year.
Price Volatility Vs. Market
How volatile is Freeport-McMoRan's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StVice Chairman Richard Adkerson Just Bought Shares In Freeport-McMoRan Inc. (NYSE:FCX)
3 months ago | Simply Wall StCan We See Significant Institutional Ownership On The Freeport-McMoRan Inc. (NYSE:FCX) Share Register?
3 months ago | Simply Wall StDid You Manage To Avoid Freeport-McMoRan's (NYSE:FCX) 41% Share Price Drop?
Is Freeport-McMoRan undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FCX ($10.86) is trading below our estimate of fair value ($44.09)
Significantly Below Fair Value: FCX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCX is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: FCX is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FCX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FCX is overvalued based on its PB Ratio (1.8x) compared to the US Metals and Mining industry average (1.4x).
How is Freeport-McMoRan forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: FCX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: FCX's is expected to become profitable in the next 3 years.
Revenue vs Market: FCX's revenue (12.5% per year) is forecast to grow faster than the US market (8.8% per year).
High Growth Revenue: FCX's revenue (12.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCX's Return on Equity is forecast to be low in 3 years time (14.7%).
How has Freeport-McMoRan performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCX is currently unprofitable.
Growing Profit Margin: FCX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: FCX is unprofitable, but has reduced losses over the past 5 years at a rate of 61.2% per year.
Accelerating Growth: Unable to compare FCX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: FCX is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-12.4%).
Return on Equity
High ROE: FCX has a negative Return on Equity (-4.81%), as it is currently unprofitable.
How is Freeport-McMoRan's financial position?
Financial Position Analysis
Short Term Liabilities: FCX's short term assets ($7.4B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: FCX's short term assets ($7.4B) do not cover its long term liabilities ($20.1B).
Debt to Equity History and Analysis
Debt Level: FCX's debt to equity ratio (57.9%) is considered high.
Reducing Debt: FCX's debt to equity ratio has reduced from 98% to 57.9% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if FCX has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if FCX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Freeport-McMoRan's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FCX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FCX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FCX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FCX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FCX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FCX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Adkerson (72yo)
Mr. Richard C. Adkerson has been the President of Freeport-Mcmoran Oil & Gas LLC since January 1, 2008 and its Chief Executive Officer since December 10, 2003. Mr. Adkerson serves as an Executive Vice Pres ...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD15.74M) is above average for companies of similar size in the US market ($USD11.52M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
|Vice Chairman||16.5yrs||US$15.74m||0.16% $24.7m|
|Executive VP & CFO||16.5yrs||US$6.31m||0.059% $9.3m|
|President & COO of Americas||13.42yrs||US$4.53m||0.017% $2.7m|
|Senior VP & Chief Administrative Officer||no data||no data||no data|
|Senior VP & General Counsel||12.67yrs||no data||no data|
|Senior Vice President of International Relations & Federal Government Affairs||no data||no data||no data|
|VP & Assistant to the Chairman||no data||no data||no data|
|President of Freeport-McMoRan Indonesia||4.92yrs||US$4.18m||no data|
|President of FMS & VP of FCX||no data||no data||no data|
|VP & Controller of Financial Reporting||no data||no data||0.0026% $405.2k|
Experienced Management: FCX's management team is seasoned and experienced (13.4 years average tenure).
|Vice Chairman||16.5yrs||US$15.74m||0.16% $24.7m|
|Independent Director||13.42yrs||US$328.20k||0.0023% $364.3k|
|Chairman Emeritus||4.5yrs||US$24.82m||no data|
|Member of Advisory Board||no data||US$779.79k||no data|
|Director Emeritus||no data||no data||no data|
|Independent Non-Executive Chairman of the Board||4.42yrs||US$370.92k||0.025% $4.0m|
|Member of Advisory Board||no data||US$555.93k||no data|
|Independent Director||6.5yrs||US$283.68k||0.0058% $909.8k|
|Independent Director||0.67yr||US$130.86k||0.0033% $526.7k|
|Independent Director||7.42yrs||US$289.93k||0.0049% $771.1k|
Experienced Board: FCX's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Freeport-McMoRan Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Freeport-McMoRan Inc.
- Ticker: FCX
- Exchange: NYSE
- Founded: 1987
- Industry: Copper
- Sector: Materials
- Market Cap: US$15.768b
- Shares outstanding: 1.45b
- Website: https://www.fcx.com
Number of Employees
- Freeport-McMoRan Inc.
- 333 North Central Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FCX||NYSE (New York Stock Exchange)||Yes||Class B Common Stock||US||USD||Jul 1995|
|FPMB||DB (Deutsche Boerse AG)||Yes||Class B Common Stock||DE||EUR||Jul 1995|
|FCX *||BMV (Bolsa Mexicana de Valores)||Yes||Class B Common Stock||MX||MXN||Jul 1995|
|FPMB||XTRA (XETRA Trading Platform)||Yes||Class B Common Stock||DE||EUR||Jul 1995|
|FCX||SNSE (Santiago Stock Exchange)||Yes||Class B Common Stock||CL||USD||Jul 1995|
|FCX||SWX (SIX Swiss Exchange)||Yes||Class B Common Stock||CH||CHF||Jul 1995|
|0R2O||LSE (London Stock Exchange)||Yes||Class B Common Stock||GB||USD||Jul 1995|
|FCX||BVL (Bolsa de Valores de Lima)||Yes||Class B Common Stock||PE||USD||Jul 1995|
|FCX||WBAG (Wiener Boerse AG)||Yes||Class B Common Stock||AT||EUR||Jul 1995|
|FPMB||ETLX (Eurotlx)||Yes||Class B Common Stock||IT||EUR||Jul 1995|
|FCX||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH REP 1 ORD SHS||AR||ARS||Apr 2011|
|FCXO34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 1 COM SH||BR||BRL||Jan 2012|
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and oil production offshore California. As of December 31, 2018, the company’s estimated consolidated recoverable proven and probable mineral reserves totaled 119.6 billion pounds of copper, 30.8 million ounces of gold, and 3.78 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 7.2 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 02:28|
|End of Day Share Price||2020/06/05 00:00|
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 here.