FREEPORT-MCMORAN INC (FCX) Stock Fundamental Analysis
NYSE:FCX - US35671D8570 - Common Stock
46.07 USD
+1.13 (+2.51%)
FCX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 156 industry peers in the Metals & Mining industry. FCX has an average financial health and profitability rating. FCX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year FCX was profitable.
FCX had a positive operating cash flow in the past year.
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 has a Return On Assets of 3.37%. This is in the better half of the industry: FCX outperforms 71.15% of its industry peers.
Looking at the Return On Equity, with a value of 10.47%, FCX is in the better half of the industry, outperforming 78.85% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.58%, FCX is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FCX is below the industry average of 13.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 10.47% | ||
| ROIC | 8.58% |
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
The Profit Margin of FCX (7.38%) is better than 74.36% of its industry peers.
In the last couple of years the Profit Margin of FCX has declined.
Looking at the Operating Margin, with a value of 26.96%, FCX is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
In the last couple of years the Operating Margin of FCX has grown nicely.
FCX's Gross Margin of 29.73% is fine compared to the rest of the industry. FCX outperforms 67.95% of its industry peers.
FCX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.96% | ||
| PM (TTM) | 7.38% | ||
| GM | 29.73% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FCX is destroying value.
Compared to 1 year ago, FCX has about the same amount of shares outstanding.
Compared to 5 years ago, FCX has less shares outstanding
The debt/assets ratio for FCX has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.07 indicates that FCX is not a great score, but indicates only limited risk for bankruptcy at the moment.
FCX has a Altman-Z score of 2.07. This is in the lower half of the industry: FCX underperforms 60.26% of its industry peers.
The Debt to FCF ratio of FCX is 4.33, which is a neutral value as it means it would take FCX, 4.33 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.33, FCX is doing good in the industry, outperforming 71.15% of the companies in the same industry.
A Debt/Equity ratio of 0.49 indicates that FCX is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.49, FCX is not doing good in the industry: 76.28% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 4.33 | ||
| Altman-Z | 2.07 |
ROIC/WACC0.9
WACC9.56%
2.3 Liquidity
A Current Ratio of 2.47 indicates that FCX has no problem at all paying its short term obligations.
With a Current ratio value of 2.47, FCX perfoms like the industry average, outperforming 54.49% of the companies in the same industry.
FCX has a Quick Ratio of 1.21. This is a normal value and indicates that FCX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FCX (1.21) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.47 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.08% 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 136.19% on average per year.
FCX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.64%.
The Revenue has been growing by 12.07% on average over the past years. This is quite good.
EPS 1Y (TTM)2.08%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%17.39%
Revenue 1Y (TTM)4.64%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%14.46%
3.2 Future
FCX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.48% yearly.
Based on estimates for the next years, FCX will show a small growth in Revenue. The Revenue will grow by 2.04% on average per year.
EPS Next Y25.29%
EPS Next 2Y36.17%
EPS Next 3Y26.54%
EPS Next 5Y2.48%
Revenue Next Year6.53%
Revenue Next 2Y8.89%
Revenue Next 3Y6.67%
Revenue Next 5Y2.04%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 31.34, the valuation of FCX can be described as expensive.
Based on the Price/Earnings ratio, FCX is valued a bit cheaper than 68.59% of the companies in the same industry.
When comparing the Price/Earnings ratio of FCX to the average of the S&P500 Index (26.90), we can say FCX is valued inline with the index average.
FCX is valuated correctly with a Price/Forward Earnings ratio of 16.90.
Based on the Price/Forward Earnings ratio, FCX is valued a bit cheaper than 61.54% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, FCX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.34 | ||
| Fwd PE | 16.9 |
4.2 Price Multiples
FCX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. FCX is cheaper than 83.33% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FCX is valued a bit cheaper than the industry average as 73.72% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.94 | ||
| EV/EBITDA | 7.5 |
4.3 Compensation for Growth
FCX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 26.54% in the coming years.
PEG (NY)1.24
PEG (5Y)0.23
EPS Next 2Y36.17%
EPS Next 3Y26.54%
5. Dividend
5.1 Amount
FCX has a Yearly Dividend Yield of 1.35%.
FCX's Dividend Yield is a higher than the industry average which is at 2.67.
Compared to an average S&P500 Dividend Yield of 2.32, FCX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
5.2 History
On average, the dividend of FCX grows each year by 24.59%, which is quite nice.
FCX has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)24.59%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FCX pays out 45.38% 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.
DP45.38%
EPS Next 2Y36.17%
EPS Next 3Y26.54%
NYSE:FCX (9/3/2025, 11:52:09 AM)
46.07
+1.13 (+2.51%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners86.73%
Inst Owner Change-2.34%
Ins Owners0.65%
Ins Owner Change0.31%
Market Cap66.15B
Analysts76.15
Price Target51.78 (12.39%)
Short Float %1.87%
Short Ratio1.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
Yearly Dividend0.6
Dividend Growth(5Y)24.59%
DP45.38%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.8%
Min EPS beat(2)-0.22%
Max EPS beat(2)17.82%
EPS beat(4)3
Avg EPS beat(4)18.82%
Min EPS beat(4)-0.22%
Max EPS beat(4)50.97%
EPS beat(8)7
Avg EPS beat(8)19.02%
EPS beat(12)11
Avg EPS beat(12)15.34%
EPS beat(16)13
Avg EPS beat(16)12.42%
Revenue beat(2)2
Avg Revenue beat(2)4.14%
Min Revenue beat(2)3.99%
Max Revenue beat(2)4.3%
Revenue beat(4)3
Avg Revenue beat(4)2.15%
Min Revenue beat(4)-3.61%
Max Revenue beat(4)4.3%
Revenue beat(8)6
Avg Revenue beat(8)4.37%
Revenue beat(12)10
Avg Revenue beat(12)3.76%
Revenue beat(16)11
Avg Revenue beat(16)1.67%
PT rev (1m)0.97%
PT rev (3m)10.57%
EPS NQ rev (1m)-5.03%
EPS NQ rev (3m)9.07%
EPS NY rev (1m)1.81%
EPS NY rev (3m)17.38%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)1.96%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)3.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.34 | ||
| Fwd PE | 16.9 | ||
| P/S | 2.56 | ||
| P/FCF | 30.94 | ||
| P/OCF | 10.08 | ||
| P/B | 3.63 | ||
| P/tB | 3.63 | ||
| EV/EBITDA | 7.5 |
EPS(TTM)1.47
EY3.19%
EPS(NY)2.73
Fwd EY5.92%
FCF(TTM)1.49
FCFY3.23%
OCF(TTM)4.57
OCFY9.92%
SpS17.98
BVpS12.68
TBVpS12.68
PEG (NY)1.24
PEG (5Y)0.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.37% | ||
| ROE | 10.47% | ||
| ROCE | 13.66% | ||
| ROIC | 8.58% | ||
| ROICexc | 9.41% | ||
| ROICexgc | 9.41% | ||
| OM | 26.96% | ||
| PM (TTM) | 7.38% | ||
| GM | 29.73% | ||
| FCFM | 8.28% |
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%
ROICexcg growth 3Y-14.57%
ROICexcg 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 | 0.49 | ||
| Debt/FCF | 4.33 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 194.76% | ||
| Cap/Sales | 17.13% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.06% | ||
| Profit Quality | 112.17% | ||
| Current Ratio | 2.47 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.07 |
F-Score7
WACC9.56%
ROIC/WACC0.9
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)2.08%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%17.39%
EPS Next Y25.29%
EPS Next 2Y36.17%
EPS Next 3Y26.54%
EPS Next 5Y2.48%
Revenue 1Y (TTM)4.64%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%14.46%
Revenue Next Year6.53%
Revenue Next 2Y8.89%
Revenue Next 3Y6.67%
Revenue Next 5Y2.04%
EBIT growth 1Y-0.71%
EBIT growth 3Y-5.88%
EBIT growth 5Y58.95%
EBIT Next Year53.42%
EBIT Next 3Y25.71%
EBIT Next 5Y7.38%
FCF growth 1Y288.02%
FCF growth 3Y-21.33%
FCF growth 5YN/A
OCF growth 1Y44.2%
OCF growth 3Y-2.46%
OCF growth 5Y37.03%