Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. More Details
Adequate balance sheet with acceptable track record.
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.
7 Day Return
US Metals and Mining
1 Year Return
US Metals and Mining
Return vs Industry: FCX exceeded the US Metals and Mining industry which returned 58.5% over the past year.
Return vs Market: FCX exceeded the US Market which returned 35.9% over the past year.
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
3 days ago | Simply Wall StHow Many Freeport-McMoRan Inc. (NYSE:FCX) Shares Do Institutions Own?
3 weeks ago | Simply Wall StFreeport-McMoRan Inc. (NYSE:FCX) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
1 month ago | Simply Wall StFreeport-McMoRan (NYSE:FCX) Shareholders Have Enjoyed An Impressive 245% Share Price Gain
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 ($38.1) is trading below our estimate of fair value ($96.28)
Significantly Below Fair Value: FCX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FCX is poor value based on its PE Ratio (19.8x) compared to the US Metals and Mining industry average (12x).
PE vs Market: FCX is poor value based on its PE Ratio (19.8x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: FCX is poor value based on its PEG Ratio (11.3x)
Price to Book Ratio
PB vs Industry: FCX is overvalued based on its PB Ratio (4.7x) compared to the US Metals and Mining industry average (2.4x).
How is Freeport-McMoRan forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCX's forecast earnings growth (1.7% per year) is below the savings rate (2%).
Earnings vs Market: FCX's earnings (1.7% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: FCX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCX's revenue (4% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: FCX's revenue (4% 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 high in 3 years time (21.4%)
How has Freeport-McMoRan performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCX has high quality earnings.
Growing Profit Margin: FCX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FCX has become profitable over the past 5 years, growing earnings by 51.8% per year.
Accelerating Growth: FCX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FCX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (75.1%).
Return on Equity
High ROE: FCX's Return on Equity (17.1%) is considered low.
How is Freeport-McMoRan's financial position?
Financial Position Analysis
Short Term Liabilities: FCX's short term assets ($12.6B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: FCX's short term assets ($12.6B) do not cover its long term liabilities ($19.0B).
Debt to Equity History and Analysis
Debt Level: FCX's debt to equity ratio (45.2%) is considered high.
Reducing Debt: FCX's debt to equity ratio has reduced from 212.3% to 45.2% over the past 5 years.
Debt Coverage: FCX's debt is well covered by operating cash flow (63.7%).
Interest Coverage: FCX's interest payments on its debt are well covered by EBIT (9.6x coverage).
What is Freeport-McMoRan current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCX's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: FCX's dividend (0.79%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: FCX's dividend payments have been volatile in the past 10 years.
Growing Dividend: FCX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (3.9%), FCX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCX's dividends in 3 years are forecast to be well covered by earnings (35.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Richard Adkerson (74 yo)
Mr. Richard C. Adkerson serves as the Chairman of Freeport-McMoRan Inc. since February 2021 and also serves as its Chief Executive Officer since December 2003. He has been a Director of Freeport-McMoRan In...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD16.72M) is above average for companies of similar size in the US market ($USD11.20M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Experienced Management: FCX's management team is seasoned and experienced (9.9 years average tenure).
Experienced Board: FCX's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
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$55.837b
- Shares outstanding: 1.47b
- Website: https://fcx.com
Number of Employees
- Freeport-McMoRan Inc.
- 333 North Central Avenue
- United States
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||2021/08/01 22:05|
|End of Day Share Price||2021/07/30 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.