FREEPORT-MCMORAN INC (FCX) Stock Fundamental Analysis
USA - NYSE:FCX - US35671D8570 - Common Stock
39.42 USD
-1.76 (-4.27%)
39.34 USD
-0.08 (-0.2%)
Taking everything into account, FCX scores 5 out of 10 in our fundamental rating. FCX was compared to 154 industry peers in the Metals & Mining industry. Both the profitability and the financial health of FCX get a neutral evaluation. Nothing too spectacular is happening here. FCX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FCX was profitable.
In the past year FCX had a positive cash flow from operations.
FCX had positive earnings in each of the past 5 years.
In the past 5 years FCX always reported a positive cash flow from operatings.
1.2 Ratios
FCX's Return On Assets of 3.62% is fine compared to the rest of the industry. FCX outperforms 70.13% of its industry peers.
FCX has a Return On Equity of 11.02%. This is in the better half of the industry: FCX outperforms 79.87% of its industry peers.
FCX has a Return On Invested Capital of 8.53%. This is in the better half of the industry: FCX outperforms 77.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCX is below the industry average of 12.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 11.02% | ||
| ROIC | 8.53% |
ROA(3y)4.57%
ROA(5y)4.82%
ROE(3y)14.67%
ROE(5y)16.12%
ROIC(3y)9.07%
ROIC(5y)8.64%
1.3 Margins
FCX's Profit Margin of 7.92% is fine compared to the rest of the industry. FCX outperforms 74.03% of its industry peers.
FCX's Profit Margin has declined in the last couple of years.
FCX's Operating Margin of 26.78% is fine compared to the rest of the industry. FCX outperforms 78.57% of its industry peers.
FCX's Operating Margin has improved in the last couple of years.
FCX has a Gross Margin of 29.63%. This is in the better half of the industry: FCX outperforms 68.18% of its industry peers.
FCX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.78% | ||
| PM (TTM) | 7.92% | ||
| GM | 29.63% |
OM growth 3Y-9.21%
OM growth 5Y41.84%
PM growth 3Y-26.75%
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y27.78%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FCX is still creating some value.
Compared to 1 year ago, FCX has about the same amount of shares outstanding.
FCX has less shares outstanding than it did 5 years ago.
FCX has a better debt/assets ratio than last year.
2.2 Solvency
FCX has an Altman-Z score of 1.99. This is not the best score and indicates that FCX is in the grey zone with still only limited risk for bankruptcy at the moment.
FCX has a worse Altman-Z score (1.99) than 66.23% of its industry peers.
The Debt to FCF ratio of FCX is 4.44, which is a neutral value as it means it would take FCX, 4.44 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.44, FCX is doing good in the industry, outperforming 73.38% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that FCX is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.48, FCX is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.44 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.99
WACC8.58%
2.3 Liquidity
FCX has a Current Ratio of 2.45. This indicates that FCX is financially healthy and has no problem in meeting its short term obligations.
FCX has a Current ratio (2.45) which is comparable to the rest of the industry.
FCX has a Quick Ratio of 1.19. This is a normal value and indicates that FCX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.19, FCX is doing worse than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
FCX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.19%, which is quite good.
FCX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 136.19% yearly.
FCX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.41%.
Measured over the past years, FCX shows a quite strong growth in Revenue. The Revenue has been growing by 12.07% on average per year.
EPS 1Y (TTM)11.19%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%31.58%
Revenue 1Y (TTM)1.41%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%2.68%
3.2 Future
FCX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.03% yearly.
The Revenue is expected to grow by 1.79% on average over the next years.
EPS Next Y-2.42%
EPS Next 2Y20.57%
EPS Next 3Y25.89%
EPS Next 5Y4.03%
Revenue Next Year-2.94%
Revenue Next 2Y2.11%
Revenue Next 3Y6.4%
Revenue Next 5Y1.79%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 24.79, FCX is valued on the expensive side.
Based on the Price/Earnings ratio, FCX is valued a bit cheaper than 70.78% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.03, FCX is valued at the same level.
Based on the Price/Forward Earnings ratio of 18.45, the valuation of FCX can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as FCX.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, FCX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.79 | ||
| Fwd PE | 18.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FCX is valued cheaply inside the industry as 87.66% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FCX indicates a somewhat cheap valuation: FCX is cheaper than 78.57% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.02 | ||
| EV/EBITDA | 6.92 |
4.3 Compensation for Growth
The decent profitability rating of FCX may justify a higher PE ratio.
A more expensive valuation may be justified as FCX's earnings are expected to grow with 25.89% in the coming years.
PEG (NY)N/A
PEG (5Y)0.18
EPS Next 2Y20.57%
EPS Next 3Y25.89%
5. Dividend
5.1 Amount
FCX has a Yearly Dividend Yield of 1.44%.
Compared to an average industry Dividend Yield of 2.62, FCX pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.38, FCX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
The dividend of FCX is nicely growing with an annual growth rate of 24.59%!
FCX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)24.59%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FCX pays out 41.99% of its income as dividend. This is a bit on the high side, but may be sustainable.
FCX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.99%
EPS Next 2Y20.57%
EPS Next 3Y25.89%
39.42
-1.76 (-4.27%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners87.03%
Inst Owner Change-0.4%
Ins Owners0.65%
Ins Owner Change0.31%
Market Cap56.60B
Revenue(TTM)26.00B
Net Income(TTM)2.06B
Analysts73.85
Price Target48.39 (22.75%)
Short Float %1.39%
Short Ratio1.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Yearly Dividend0.6
Dividend Growth(5Y)24.59%
DP41.99%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.63%
Min EPS beat(2)17.82%
Max EPS beat(2)21.43%
EPS beat(4)3
Avg EPS beat(4)22.5%
Min EPS beat(4)-0.22%
Max EPS beat(4)50.97%
EPS beat(8)7
Avg EPS beat(8)19.86%
EPS beat(12)11
Avg EPS beat(12)16.68%
EPS beat(16)13
Avg EPS beat(16)13.22%
Revenue beat(2)2
Avg Revenue beat(2)3.46%
Min Revenue beat(2)2.94%
Max Revenue beat(2)3.99%
Revenue beat(4)3
Avg Revenue beat(4)1.91%
Min Revenue beat(4)-3.61%
Max Revenue beat(4)4.3%
Revenue beat(8)6
Avg Revenue beat(8)3.93%
Revenue beat(12)10
Avg Revenue beat(12)3.88%
Revenue beat(16)12
Avg Revenue beat(16)1.96%
PT rev (1m)-6.54%
PT rev (3m)-5.63%
EPS NQ rev (1m)-14.06%
EPS NQ rev (3m)-55.13%
EPS NY rev (1m)-22.37%
EPS NY rev (3m)-20.71%
Revenue NQ rev (1m)-3.19%
Revenue NQ rev (3m)-27.03%
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-9.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.79 | ||
| Fwd PE | 18.45 | ||
| P/S | 2.18 | ||
| P/FCF | 27.02 | ||
| P/OCF | 8.91 | ||
| P/B | 3.03 | ||
| P/tB | 3.03 | ||
| EV/EBITDA | 6.92 |
EPS(TTM)1.59
EY4.03%
EPS(NY)2.14
Fwd EY5.42%
FCF(TTM)1.46
FCFY3.7%
OCF(TTM)4.42
OCFY11.22%
SpS18.11
BVpS13.01
TBVpS13.01
PEG (NY)N/A
PEG (5Y)0.18
Graham Number21.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 11.02% | ||
| ROCE | 13.57% | ||
| ROIC | 8.53% | ||
| ROICexc | 9.31% | ||
| ROICexgc | 9.31% | ||
| OM | 26.78% | ||
| PM (TTM) | 7.92% | ||
| GM | 29.63% | ||
| FCFM | 8.06% |
ROA(3y)4.57%
ROA(5y)4.82%
ROE(3y)14.67%
ROE(5y)16.12%
ROIC(3y)9.07%
ROIC(5y)8.64%
ROICexc(3y)10.38%
ROICexc(5y)10.08%
ROICexgc(3y)10.49%
ROICexgc(5y)10.2%
ROCE(3y)14.44%
ROCE(5y)13.74%
ROICexgc growth 3Y-14.57%
ROICexgc growth 5Y51.28%
ROICexc growth 3Y-14.49%
ROICexc growth 5Y51.37%
OM growth 3Y-9.21%
OM growth 5Y41.84%
PM growth 3Y-26.75%
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y27.78%
F-Score7
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.44 | ||
| Debt/EBITDA | 0.96 | ||
| Cap/Depr | 185.45% | ||
| Cap/Sales | 16.38% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.61% | ||
| Profit Quality | 101.7% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 1.99 |
F-Score7
WACC8.58%
ROIC/WACC0.99
Cap/Depr(3y)195.2%
Cap/Depr(5y)163.96%
Cap/Sales(3y)17.4%
Cap/Sales(5y)15.05%
Profit Quality(3y)77.69%
Profit Quality(5y)108.11%
High Growth Momentum
Growth
EPS 1Y (TTM)11.19%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%31.58%
EPS Next Y-2.42%
EPS Next 2Y20.57%
EPS Next 3Y25.89%
EPS Next 5Y4.03%
Revenue 1Y (TTM)1.41%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%2.68%
Revenue Next Year-2.94%
Revenue Next 2Y2.11%
Revenue Next 3Y6.4%
Revenue Next 5Y1.79%
EBIT growth 1Y-6.66%
EBIT growth 3Y-5.88%
EBIT growth 5Y58.95%
EBIT Next Year52.01%
EBIT Next 3Y26.01%
EBIT Next 5Y8.87%
FCF growth 1Y193.83%
FCF growth 3Y-21.33%
FCF growth 5YN/A
OCF growth 1Y26.35%
OCF growth 3Y-2.46%
OCF growth 5Y37.03%
FREEPORT-MCMORAN INC / FCX FAQ
Can you provide the ChartMill fundamental rating for FREEPORT-MCMORAN INC?
ChartMill assigns a fundamental rating of 5 / 10 to FCX.
What is the valuation status for FCX stock?
ChartMill assigns a valuation rating of 4 / 10 to FREEPORT-MCMORAN INC (FCX). This can be considered as Fairly Valued.
How profitable is FREEPORT-MCMORAN INC (FCX) stock?
FREEPORT-MCMORAN INC (FCX) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for FCX stock?
The Price/Earnings (PE) ratio for FREEPORT-MCMORAN INC (FCX) is 24.79 and the Price/Book (PB) ratio is 3.03.
How sustainable is the dividend of FREEPORT-MCMORAN INC (FCX) stock?
The dividend rating of FREEPORT-MCMORAN INC (FCX) is 4 / 10 and the dividend payout ratio is 41.99%.