FREEPORT-MCMORAN INC (FCX) Stock Fundamental Analysis
USA - NYSE:FCX - US35671D8570 - Common Stock
45 USD
-0.09 (-0.2%)
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 scores excellent on profitability, but there are some minor concerns on its financial health. 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.
Each year in the past 5 years FCX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of FCX (3.37%) is better than 71.15% of its industry peers.
The Return On Equity of FCX (10.47%) is better than 79.49% of its industry peers.
FCX has a better Return On Invested Capital (8.58%) than 77.56% of its industry peers.
FCX had an Average Return On Invested Capital over the past 3 years of 9.07%. This is below the industry average of 12.92%.
| 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
With a decent Profit Margin value of 7.38%, FCX is doing good in the industry, outperforming 74.36% of the companies in the same industry.
In the last couple of years the Profit Margin of FCX has declined.
The Operating Margin of FCX (26.96%) is better than 80.13% of its industry peers.
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 67.31% of its industry peers.
In the last couple of years the Gross Margin of FCX has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FCX is still creating some value.
FCX has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for FCX has been reduced compared to 5 years ago.
FCX has a better debt/assets ratio than last year.
2.2 Solvency
FCX has an Altman-Z score of 2.07. 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's Altman-Z score of 2.07 is on the low side compared to the rest of the industry. FCX is outperformed by 61.54% 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.
The Debt to FCF ratio of FCX (4.33) is better than 71.15% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that FCX is not too dependend on debt financing.
The Debt to Equity ratio of FCX (0.49) is worse than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 4.33 | ||
| Altman-Z | 2.07 |
ROIC/WACC0.96
WACC8.91%
2.3 Liquidity
A Current Ratio of 2.47 indicates that FCX has no problem at all paying its short term obligations.
The Current ratio of FCX (2.47) is comparable to the rest of the industry.
A Quick Ratio of 1.21 indicates that FCX should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.21, FCX perfoms like the industry average, outperforming 42.31% of the companies in the same 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.
Looking at the last year, FCX shows a small growth in Revenue. The Revenue has grown by 4.64% in the last year.
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
Based on estimates for the next years, FCX will show a small growth in Earnings Per Share. The EPS will grow by 2.48% on average per year.
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 2Y8.96%
Revenue Next 3Y6.79%
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
The Price/Earnings ratio is 30.61, which means the current valuation is very expensive for FCX.
68.59% of the companies in the same industry are more expensive than FCX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FCX to the average of the S&P500 Index (27.20), we can say FCX is valued inline with the index average.
The Price/Forward Earnings ratio is 16.51, which indicates a correct valuation of FCX.
Based on the Price/Forward Earnings ratio, FCX is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, FCX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.61 | ||
| Fwd PE | 16.51 |
4.2 Price Multiples
83.97% of the companies in the same industry are more expensive than FCX, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FCX is valued a bit cheaper than the industry average as 75.64% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.22 | ||
| EV/EBITDA | 7.53 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of FCX may justify a higher PE ratio.
FCX's earnings are expected to grow with 26.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.21
PEG (5Y)0.22
EPS Next 2Y36.17%
EPS Next 3Y26.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.31%, FCX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.51, FCX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, FCX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
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
45.38% of the earnings are spent on dividend by FCX. 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 (9/18/2025, 9:54:10 AM)
45
-0.09 (-0.2%)
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 Cap64.61B
Analysts76.92
Price Target51.78 (15.07%)
Short Float %1.62%
Short Ratio1.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.31% |
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)-0.62%
PT rev (3m)9.9%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)0.75%
EPS NY rev (1m)1.81%
EPS NY rev (3m)17.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.29%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)2.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.61 | ||
| Fwd PE | 16.51 | ||
| P/S | 2.5 | ||
| P/FCF | 30.22 | ||
| P/OCF | 9.85 | ||
| P/B | 3.55 | ||
| P/tB | 3.55 | ||
| EV/EBITDA | 7.53 |
EPS(TTM)1.47
EY3.27%
EPS(NY)2.73
Fwd EY6.06%
FCF(TTM)1.49
FCFY3.31%
OCF(TTM)4.57
OCFY10.15%
SpS17.98
BVpS12.68
TBVpS12.68
PEG (NY)1.21
PEG (5Y)0.22
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
WACC8.91%
ROIC/WACC0.96
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 2Y8.96%
Revenue Next 3Y6.79%
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%