FREEPORT-MCMORAN INC (FCX) Fundamental Analysis & Valuation

NYSE:FCX • US35671D8570

Current stock price

56.195 USD
+0.37 (+0.65%)
Last:

This FCX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. FCX Profitability Analysis

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.
  • FCX had a positive operating cash flow in each of the past 5 years.
FCX Yearly Net Income VS EBIT VS OCF VS FCFFCX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B 8B

1.2 Ratios

  • The Return On Assets of FCX (3.76%) is better than 67.92% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.56%, FCX is in the better half of the industry, outperforming 74.84% of the companies in the same industry.
  • FCX has a Return On Invested Capital of 8.04%. This is in the better half of the industry: FCX outperforms 67.92% of its industry peers.
  • FCX had an Average Return On Invested Capital over the past 3 years of 8.62%. This is significantly below the industry average of 60.43%.
Industry RankSector Rank
ROA 3.76%
ROE 11.56%
ROIC 8.04%
ROA(3y)3.57%
ROA(5y)5.29%
ROE(3y)11.12%
ROE(5y)17.27%
ROIC(3y)8.62%
ROIC(5y)9.72%
FCX Yearly ROA, ROE, ROICFCX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60

1.3 Margins

  • With a decent Profit Margin value of 8.43%, FCX is doing good in the industry, outperforming 72.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FCX has grown nicely.
  • Looking at the Operating Margin, with a value of 25.16%, FCX is in the better half of the industry, outperforming 73.58% of the companies in the same industry.
  • FCX's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FCX (28.16%) is better than 63.52% of its industry peers.
  • In the last couple of years the Gross Margin of FCX has grown nicely.
Industry RankSector Rank
OM 25.16%
PM (TTM) 8.43%
GM 28.16%
OM growth 3Y-6.32%
OM growth 5Y10.16%
PM growth 3Y-17.67%
PM growth 5Y15.09%
GM growth 3Y-5.45%
GM growth 5Y8.21%
FCX Yearly Profit, Operating, Gross MarginsFCX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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5

2. FCX Health Analysis

2.1 Basic Checks

  • FCX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for FCX remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for FCX has been reduced compared to 5 years ago.
  • Compared to 1 year ago, FCX has an improved debt to assets ratio.
FCX Yearly Shares OutstandingFCX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B
FCX Yearly Total Debt VS Total AssetsFCX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • FCX has an Altman-Z score of 2.24. 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 Altman-Z score of 2.24. This is in the lower half of the industry: FCX underperforms 63.52% of its industry peers.
  • The Debt to FCF ratio of FCX is 5.78, which is a neutral value as it means it would take FCX, 5.78 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 5.78, FCX is doing good in the industry, outperforming 67.30% of the companies in the same industry.
  • A Debt/Equity ratio of 0.47 indicates that FCX is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.47, FCX is not doing good in the industry: 69.81% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 5.78
Altman-Z 2.24
ROIC/WACC0.68
WACC11.84%
FCX Yearly LT Debt VS Equity VS FCFFCX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 2.29 indicates that FCX has no problem at all paying its short term obligations.
  • With a Current ratio value of 2.29, FCX perfoms like the industry average, outperforming 49.06% of the companies in the same industry.
  • A Quick Ratio of 1.05 indicates that FCX should not have too much problems paying its short term obligations.
  • The Quick ratio of FCX (1.05) is worse than 64.15% of its industry peers.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 1.05
FCX Yearly Current Assets VS Current LiabilitesFCX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. FCX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 19.05% over the past year.
  • Measured over the past years, FCX shows a very strong growth in Earnings Per Share. The EPS has been growing by 26.51% on average per year.
  • Looking at the last year, FCX shows a small growth in Revenue. The Revenue has grown by 1.81% in the last year.
  • Measured over the past years, FCX shows a quite strong growth in Revenue. The Revenue has been growing by 12.79% on average per year.
EPS 1Y (TTM)19.05%
EPS 3Y-10.37%
EPS 5Y26.51%
EPS Q2Q%51.61%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y4.39%
Revenue growth 5Y12.79%
Sales Q2Q%-1.52%

3.2 Future

  • FCX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.85% yearly.
  • Based on estimates for the next years, FCX will show a small growth in Revenue. The Revenue will grow by 4.46% on average per year.
EPS Next Y68.71%
EPS Next 2Y48.5%
EPS Next 3Y33.85%
EPS Next 5Y-0.85%
Revenue Next Year14.04%
Revenue Next 2Y16.27%
Revenue Next 3Y11.28%
Revenue Next 5Y4.46%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FCX Yearly Revenue VS EstimatesFCX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B 50B
FCX Yearly EPS VS EstimatesFCX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3 4

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5

4. FCX Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 32.11, which means the current valuation is very expensive for FCX.
  • Based on the Price/Earnings ratio, FCX is valued a bit cheaper than 62.89% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, FCX is valued a bit more expensive.
  • With a Price/Forward Earnings ratio of 19.03, FCX is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, FCX is valued a bit cheaper than 60.38% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.51. FCX is around the same levels.
Industry RankSector Rank
PE 32.11
Fwd PE 19.03
FCX Price Earnings VS Forward Price EarningsFCX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FCX is valued a bit cheaper than the industry average as 74.21% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, FCX is valued a bit cheaper than the industry average as 69.81% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 49.76
EV/EBITDA 9.79
FCX Per share dataFCX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • FCX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FCX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as FCX's earnings are expected to grow with 33.85% in the coming years.
PEG (NY)0.47
PEG (5Y)1.21
EPS Next 2Y48.5%
EPS Next 3Y33.85%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. FCX Dividend Analysis

5.1 Amount

  • FCX has a Yearly Dividend Yield of 1.12%.
  • Compared to an average industry Dividend Yield of 1.14, FCX pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, FCX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.12%

5.2 History

  • The dividend of FCX is nicely growing with an annual growth rate of 64.36%!
  • FCX has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)64.36%
Div Incr Years0
Div Non Decr Years0
FCX Yearly Dividends per shareFCX Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • FCX pays out 39.59% of its income as dividend. This is a sustainable payout ratio.
DP39.59%
EPS Next 2Y48.5%
EPS Next 3Y33.85%
FCX Yearly Income VS Free CF VS DividendFCX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B
FCX Dividend Payout.FCX Dividend Payout, showing the Payout Ratio.FCX Dividend Payout.PayoutRetained Earnings

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FCX Fundamentals: All Metrics, Ratios and Statistics

FREEPORT-MCMORAN INC

NYSE:FCX (3/27/2026, 1:21:09 PM)

56.195

+0.37 (+0.65%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-22
Earnings (Next)04-16
Inst Owners88.64%
Inst Owner Change1.91%
Ins Owners0.64%
Ins Owner Change-1.21%
Market Cap80.76B
Revenue(TTM)25.91B
Net Income(TTM)2.19B
Analysts80
Price Target66.9 (19.05%)
Short Float %1.96%
Short Ratio1.31
Dividend
Industry RankSector Rank
Dividend Yield 1.12%
Yearly Dividend0.6
Dividend Growth(5Y)64.36%
DP39.59%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-15
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.69%
Min EPS beat(2)21.43%
Max EPS beat(2)61.94%
EPS beat(4)3
Avg EPS beat(4)25.24%
Min EPS beat(4)-0.22%
Max EPS beat(4)61.94%
EPS beat(8)7
Avg EPS beat(8)24.99%
EPS beat(12)11
Avg EPS beat(12)20.85%
EPS beat(16)14
Avg EPS beat(16)17.12%
Revenue beat(2)2
Avg Revenue beat(2)3.54%
Min Revenue beat(2)2.94%
Max Revenue beat(2)4.14%
Revenue beat(4)4
Avg Revenue beat(4)3.84%
Min Revenue beat(4)2.94%
Max Revenue beat(4)4.3%
Revenue beat(8)7
Avg Revenue beat(8)4.46%
Revenue beat(12)10
Avg Revenue beat(12)3.85%
Revenue beat(16)13
Avg Revenue beat(16)2.58%
PT rev (1m)7.51%
PT rev (3m)35.23%
EPS NQ rev (1m)0.48%
EPS NQ rev (3m)13%
EPS NY rev (1m)10.47%
EPS NY rev (3m)40.95%
Revenue NQ rev (1m)-2.49%
Revenue NQ rev (3m)-3.31%
Revenue NY rev (1m)0.73%
Revenue NY rev (3m)8.51%
Valuation
Industry RankSector Rank
PE 32.11
Fwd PE 19.03
P/S 3.12
P/FCF 49.76
P/OCF 14.4
P/B 4.27
P/tB 4.27
EV/EBITDA 9.79
EPS(TTM)1.75
EY3.11%
EPS(NY)2.95
Fwd EY5.25%
FCF(TTM)1.13
FCFY2.01%
OCF(TTM)3.9
OCFY6.95%
SpS18.03
BVpS13.15
TBVpS13.15
PEG (NY)0.47
PEG (5Y)1.21
Graham Number22.75
Profitability
Industry RankSector Rank
ROA 3.76%
ROE 11.56%
ROCE 12.5%
ROIC 8.04%
ROICexc 8.68%
ROICexgc 8.68%
OM 25.16%
PM (TTM) 8.43%
GM 28.16%
FCFM 6.26%
ROA(3y)3.57%
ROA(5y)5.29%
ROE(3y)11.12%
ROE(5y)17.27%
ROIC(3y)8.62%
ROIC(5y)9.72%
ROICexc(3y)9.42%
ROICexc(5y)11.26%
ROICexgc(3y)9.51%
ROICexgc(5y)11.38%
ROCE(3y)13.4%
ROCE(5y)15.12%
ROICexgc growth 3Y-10.93%
ROICexgc growth 5Y16.47%
ROICexc growth 3Y-10.86%
ROICexc growth 5Y16.53%
OM growth 3Y-6.32%
OM growth 5Y10.16%
PM growth 3Y-17.67%
PM growth 5Y15.09%
GM growth 3Y-5.45%
GM growth 5Y8.21%
F-Score6
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 5.78
Debt/EBITDA 1.02
Cap/Depr 177.67%
Cap/Sales 15.38%
Interest Coverage 25.46
Cash Conversion 64.02%
Profit Quality 74.28%
Current Ratio 2.29
Quick Ratio 1.05
Altman-Z 2.24
F-Score6
WACC11.84%
ROIC/WACC0.68
Cap/Depr(3y)199.7%
Cap/Depr(5y)173.83%
Cap/Sales(3y)17.68%
Cap/Sales(5y)15.37%
Profit Quality(3y)84.75%
Profit Quality(5y)87.44%
High Growth Momentum
Growth
EPS 1Y (TTM)19.05%
EPS 3Y-10.37%
EPS 5Y26.51%
EPS Q2Q%51.61%
EPS Next Y68.71%
EPS Next 2Y48.5%
EPS Next 3Y33.85%
EPS Next 5Y-0.85%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y4.39%
Revenue growth 5Y12.79%
Sales Q2Q%-1.52%
Revenue Next Year14.04%
Revenue Next 2Y16.27%
Revenue Next 3Y11.28%
Revenue Next 5Y4.46%
EBIT growth 1Y-5.64%
EBIT growth 3Y-2.21%
EBIT growth 5Y24.25%
EBIT Next Year90.94%
EBIT Next 3Y38.23%
EBIT Next 5Y9.28%
FCF growth 1Y-40.48%
FCF growth 3Y-3.82%
FCF growth 5Y8.98%
OCF growth 1Y-21.65%
OCF growth 3Y2.97%
OCF growth 5Y13.21%

FREEPORT-MCMORAN INC / FCX Fundamental Analysis 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 of FREEPORT-MCMORAN INC (FCX) stock?

ChartMill assigns a valuation rating of 5 / 10 to FREEPORT-MCMORAN INC (FCX). This can be considered as Fairly Valued.


What is the profitability of FCX stock?

FREEPORT-MCMORAN INC (FCX) has a profitability rating of 7 / 10.


What is the financial health of FREEPORT-MCMORAN INC (FCX) stock?

The financial health rating of FREEPORT-MCMORAN INC (FCX) is 5 / 10.


What is the earnings growth outlook for FREEPORT-MCMORAN INC?

The Earnings per Share (EPS) of FREEPORT-MCMORAN INC (FCX) is expected to grow by 68.71% in the next year.