Freeport-McMoRan
Market Cap
US$44.1b
Last Updated
2021/01/18 23:16 UTC
Data Sources
Company Financials +
Executive Summary
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with imperfect balance sheet.
Similar Companies
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FCX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
0.1%
FCX
-1.9%
US Metals and Mining
-0.4%
US Market
1 Year Return
135.8%
FCX
39.6%
US Metals and Mining
19.5%
US Market
Return vs Industry: FCX exceeded the US Metals and Mining industry which returned 39.6% over the past year.
Return vs Market: FCX exceeded the US Market which returned 19.6% over the past year.
Shareholder returns
| FCX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | -1.9% | -0.4% |
| 30 Day | 23.2% | 7.8% | 2.3% |
| 90 Day | 72.3% | 24.8% | 12.7% |
| 1 Year | 135.8%135.8% | 42.8%39.6% | 22.3%19.5% |
| 3 Year | 56.7%51.8% | 23.2%15.0% | 44.4%34.8% |
| 5 Year | 694.8%670.3% | 226.4%194.3% | 128.7%103.3% |
Long-Term 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
1 week ago | Simply Wall St
Is There An Opportunity With Freeport-McMoRan Inc.'s (NYSE:FCX) 50% Undervaluation?1 month ago | Simply Wall St
What We Learned About Freeport-McMoRan's (NYSE:FCX) CEO Compensation1 month ago | Simply Wall St
Have Insiders Been Buying Freeport-McMoRan Inc. (NYSE:FCX) Shares?Valuation
Is Freeport-McMoRan undervalued compared to its fair value and its price relative to the market?
4.77x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: FCX ($30.35) is trading above our estimate of fair value ($25.93)
Significantly Below Fair Value: FCX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FCX is unprofitable, so we can't compare its PE Ratio to the US 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 (4.8x) compared to the US Metals and Mining industry average (1.7x).
Next Steps
Future Growth
How is Freeport-McMoRan forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
27.7%
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%).
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 (10.3% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: FCX's revenue (10.3% 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 (16.4%).
Next Steps
Past Performance
How has Freeport-McMoRan performed over the past 5 years?
66.1%
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 66.1% 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 (-12.6%).
Return on Equity
High ROE: FCX has a negative Return on Equity (0.28%), as it is currently unprofitable.
Next Steps
Financial Health
How is Freeport-McMoRan's financial position?
Financial Position Analysis
Short Term Liabilities: FCX's short term assets ($8.1B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: FCX's short term assets ($8.1B) do not cover its long term liabilities ($20.4B).
Debt to Equity History and Analysis
Debt Level: FCX's debt to equity ratio (55.7%) is considered high.
Reducing Debt: FCX's debt to equity ratio has reduced from 130.1% to 55.7% over the past 5 years.
Balance Sheet
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.
Next Steps
Dividend
What is Freeport-McMoRan current dividend yield, its reliability and sustainability?
0.78%
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.2yrs
Average management tenure
CEO
Richard Adkerson (73 yo)
17.08yrs
Tenure
US$15,742,249
Compensation
Mr. Richard C. Adkerson has been the President of Freeport-Mcmoran Oil & Gas LLC since January 1, 2008 and its Chief Executive Officer since December 10, 2003. Mr. Adkerson serves as an Executive Vice Pres...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD15.74M) is above average for companies of similar size in the US market ($USD10.56M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 17.08yrs | US$15.74m | 0.18% $ 80.0m | |
| Executive VP & CFO | 17.08yrs | US$6.31m | 0.068% $ 29.9m | |
| Senior VP & Chief Administrative Officer | no data | no data | no data | |
| Senior VP & General Counsel | 13.25yrs | 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 & COO of Americas | no data | no data | no data | |
| President of Freeport-McMoRan Indonesia | 5.5yrs | 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 | 0.0022% $ 970.1k | |
| President of Atlantic Copper S.L.U & Senior VP of FCX (Concentrates) | no data | no data | no data | |
| President of Climax Molybdenum | no data | no data | no data |
15.2yrs
Average Tenure
62yo
Average Age
Experienced Management: FCX's management team is seasoned and experienced (15.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman | 17.08yrs | US$15.74m | 0.18% $ 80.0m | |
| Independent Director | 14yrs | US$328.20k | 0.0023% $ 1.0m | |
| Chairman Emeritus | 5.08yrs | 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 | 5yrs | US$370.92k | 0.16% $ 72.2m | |
| Member of Advisory Board | no data | US$555.93k | no data | |
| Independent Director | 7.08yrs | US$283.68k | 0.0058% $ 2.5m | |
| Independent Director | 1.25yrs | US$130.86k | 0.0036% $ 1.6m | |
| Independent Director | 8yrs | US$289.93k | 0.0049% $ 2.2m |
7.1yrs
Average Tenure
74.5yo
Average Age
Experienced Board: FCX's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FCX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Freeport-McMoRan Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Freeport-McMoRan Inc.
- Ticker: FCX
- Exchange: NYSE
- Founded: 1987
- Industry: Copper
- Sector: Materials
- Market Cap: US$44.095b
- Shares outstanding: 1.45b
- Website: https://fcx.com
Number of Employees
Location
- Freeport-McMoRan Inc.
- 333 North Central Avenue
- Phoenix
- Arizona
- 85004-2189
- United States
Listings
| 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 |
Biography
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 w...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:16 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.