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FREEPORT-MCMORAN INC (FPMB.DE) Stock Fundamental Analysis

FRA:FPMB - Deutsche Boerse Ag - US35671D8570 - Common Stock - Currency: EUR

37.4  +0.27 (+0.73%)

Fundamental Rating

5

FPMB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 39 industry peers in the Metals & Mining industry. FPMB has only an average score on both its financial health and profitability. FPMB has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year FPMB was profitable.
In the past year FPMB had a positive cash flow from operations.
In the past 5 years FPMB has always been profitable.
In the past 5 years FPMB always reported a positive cash flow from operatings.
FPMB.DE Yearly Net Income VS EBIT VS OCF VS FCFFPMB.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B -10B

1.2 Ratios

FPMB has a Return On Assets (3.12%) which is in line with its industry peers.
The Return On Equity of FPMB (9.89%) is better than 71.79% of its industry peers.
FPMB has a better Return On Invested Capital (8.26%) than 74.36% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FPMB is in line with the industry average of 7.17%.
Industry RankSector Rank
ROA 3.12%
ROE 9.89%
ROIC 8.26%
ROA(3y)4.57%
ROA(5y)4.82%
ROE(3y)14.67%
ROE(5y)16.12%
ROIC(3y)9.07%
ROIC(5y)8.64%
FPMB.DE Yearly ROA, ROE, ROICFPMB.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

FPMB's Profit Margin of 7.04% is fine compared to the rest of the industry. FPMB outperforms 71.79% of its industry peers.
FPMB's Profit Margin has declined in the last couple of years.
FPMB has a better Operating Margin (26.48%) than 84.62% of its industry peers.
FPMB's Operating Margin has improved in the last couple of years.
FPMB has a Gross Margin (29.30%) which is in line with its industry peers.
FPMB's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 26.48%
PM (TTM) 7.04%
GM 29.3%
OM growth 3Y-9.21%
OM growth 5Y42.43%
PM growth 3Y-26.75%
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y28.05%
FPMB.DE Yearly Profit, Operating, Gross MarginsFPMB.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60 -80

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FPMB is destroying value.
The number of shares outstanding for FPMB remains at a similar level compared to 1 year ago.
Compared to 5 years ago, FPMB has less shares outstanding
FPMB has a better debt/assets ratio than last year.
FPMB.DE Yearly Shares OutstandingFPMB.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B
FPMB.DE Yearly Total Debt VS Total AssetsFPMB.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

An Altman-Z score of 1.97 indicates that FPMB is not a great score, but indicates only limited risk for bankruptcy at the moment.
FPMB's Altman-Z score of 1.97 is in line compared to the rest of the industry. FPMB outperforms 48.72% of its industry peers.
FPMB has a debt to FCF ratio of 4.67. This is a neutral value as FPMB would need 4.67 years to pay back of all of its debts.
FPMB has a Debt to FCF ratio of 4.67. This is in the better half of the industry: FPMB outperforms 61.54% of its industry peers.
A Debt/Equity ratio of 0.50 indicates that FPMB is somewhat dependend on debt financing.
FPMB's Debt to Equity ratio of 0.50 is on the low side compared to the rest of the industry. FPMB is outperformed by 71.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 4.67
Altman-Z 1.97
ROIC/WACC0.91
WACC9.11%
FPMB.DE Yearly LT Debt VS Equity VS FCFFPMB.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B

2.3 Liquidity

A Current Ratio of 2.32 indicates that FPMB has no problem at all paying its short term obligations.
FPMB has a better Current ratio (2.32) than 79.49% of its industry peers.
A Quick Ratio of 1.13 indicates that FPMB should not have too much problems paying its short term obligations.
FPMB has a Quick ratio of 1.13. This is in the better half of the industry: FPMB outperforms 64.10% of its industry peers.
Industry RankSector Rank
Current Ratio 2.32
Quick Ratio 1.13
FPMB.DE Yearly Current Assets VS Current LiabilitesFPMB.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 2.08% over the past year.
The Earnings Per Share has been growing by 136.19% on average over the past years. This is a very strong growth
Looking at the last year, FPMB shows a quite strong growth in Revenue. The Revenue has grown by 11.38% in the last year.
Measured over the past years, FPMB shows a quite strong growth in Revenue. The Revenue has been growing by 12.07% on average per year.
EPS 1Y (TTM)2.08%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%17.39%
Revenue 1Y (TTM)11.38%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%14.46%

3.2 Future

FPMB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.16% yearly.
Based on estimates for the next years, FPMB will show a small growth in Revenue. The Revenue will grow by 2.17% on average per year.
EPS Next Y23.06%
EPS Next 2Y28.71%
EPS Next 3Y24.26%
EPS Next 5Y3.16%
Revenue Next Year7.59%
Revenue Next 2Y7.38%
Revenue Next 3Y5.98%
Revenue Next 5Y2.17%

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.
FPMB.DE Yearly Revenue VS EstimatesFPMB.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
FPMB.DE Yearly EPS VS EstimatesFPMB.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 1 2 3

4

4. Valuation

4.1 Price/Earnings Ratio

FPMB is valuated quite expensively with a Price/Earnings ratio of 29.45.
FPMB's Price/Earnings is on the same level as the industry average.
FPMB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.91, which is the current average of the S&P500 Index.
FPMB is valuated rather expensively with a Price/Forward Earnings ratio of 17.71.
FPMB's Price/Forward Earnings ratio is in line with the industry average.
FPMB is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.45
Fwd PE 17.71
FPMB.DE Price Earnings VS Forward Price EarningsFPMB.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

FPMB's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as FPMB.
Industry RankSector Rank
P/FCF 30.76
EV/EBITDA 7.65
FPMB.DE Per share dataFPMB.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

FPMB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
FPMB has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as FPMB's earnings are expected to grow with 24.26% in the coming years.
PEG (NY)1.28
PEG (5Y)0.22
EPS Next 2Y28.71%
EPS Next 3Y24.26%

3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.34%, FPMB has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.11, FPMB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, FPMB's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.34%

5.2 History

On average, the dividend of FPMB grows each year by 24.59%, which is quite nice.
Dividend Growth(5Y)24.59%
Div Incr Years0
Div Non Decr Years1
FPMB.DE Yearly Dividends per shareFPMB.DE Yearly Dividends per shareYearly Dividends per share 2018 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

49.43% of the earnings are spent on dividend by FPMB. This is a bit on the high side, but may be sustainable.
The dividend of FPMB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.43%
EPS Next 2Y28.71%
EPS Next 3Y24.26%
FPMB.DE Yearly Income VS Free CF VS DividendFPMB.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B -10B
FPMB.DE Dividend Payout.FPMB.DE Dividend Payout, showing the Payout Ratio.FPMB.DE Dividend Payout.PayoutRetained Earnings

FREEPORT-MCMORAN INC

FRA:FPMB (7/30/2025, 4:24:11 PM)

37.4

+0.27 (+0.73%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)07-23 2025-07-23/bmo
Earnings (Next)10-20 2025-10-20/amc
Inst Owners86.52%
Inst Owner ChangeN/A
Ins Owners0.65%
Ins Owner ChangeN/A
Market Cap53.71B
Analysts79.2
Price Target43.72 (16.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.34%
Yearly Dividend0.51
Dividend Growth(5Y)24.59%
DP49.43%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)25.37%
Min EPS beat(2)-0.22%
Max EPS beat(2)50.97%
EPS beat(4)3
Avg EPS beat(4)18.94%
Min EPS beat(4)-0.22%
Max EPS beat(4)50.97%
EPS beat(8)7
Avg EPS beat(8)16.95%
EPS beat(12)10
Avg EPS beat(12)13.32%
EPS beat(16)13
Avg EPS beat(16)11.36%
Revenue beat(2)1
Avg Revenue beat(2)0.35%
Min Revenue beat(2)-3.61%
Max Revenue beat(2)4.3%
Revenue beat(4)3
Avg Revenue beat(4)3.51%
Min Revenue beat(4)-3.61%
Max Revenue beat(4)9.43%
Revenue beat(8)6
Avg Revenue beat(8)4.19%
Revenue beat(12)9
Avg Revenue beat(12)2.38%
Revenue beat(16)10
Avg Revenue beat(16)1.34%
PT rev (1m)5.71%
PT rev (3m)6.73%
EPS NQ rev (1m)6.71%
EPS NQ rev (3m)0.43%
EPS NY rev (1m)9.36%
EPS NY rev (3m)8.34%
Revenue NQ rev (1m)5.36%
Revenue NQ rev (3m)1.79%
Revenue NY rev (1m)3.05%
Revenue NY rev (3m)5.62%
Valuation
Industry RankSector Rank
PE 29.45
Fwd PE 17.71
P/S 2.49
P/FCF 30.76
P/OCF 9.8
P/B 3.5
P/tB 3.5
EV/EBITDA 7.65
EPS(TTM)1.27
EY3.4%
EPS(NY)2.11
Fwd EY5.65%
FCF(TTM)1.22
FCFY3.25%
OCF(TTM)3.82
OCFY10.21%
SpS15.01
BVpS10.68
TBVpS10.68
PEG (NY)1.28
PEG (5Y)0.22
Profitability
Industry RankSector Rank
ROA 3.12%
ROE 9.89%
ROCE 13.15%
ROIC 8.26%
ROICexc 9.05%
ROICexgc 9.05%
OM 26.48%
PM (TTM) 7.04%
GM 29.3%
FCFM 8.1%
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 5Y51.91%
ROICexc growth 3Y-14.49%
ROICexc growth 5Y52%
OM growth 3Y-9.21%
OM growth 5Y42.43%
PM growth 3Y-26.75%
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y28.05%
F-Score7
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.5
Debt/FCF 4.67
Debt/EBITDA 1.02
Cap/Depr 203.98%
Cap/Sales 17.33%
Interest Coverage 250
Cash Conversion 72.7%
Profit Quality 115.09%
Current Ratio 2.32
Quick Ratio 1.13
Altman-Z 1.97
F-Score7
WACC9.11%
ROIC/WACC0.91
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 Y23.06%
EPS Next 2Y28.71%
EPS Next 3Y24.26%
EPS Next 5Y3.16%
Revenue 1Y (TTM)11.38%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%14.46%
Revenue Next Year7.59%
Revenue Next 2Y7.38%
Revenue Next 3Y5.98%
Revenue Next 5Y2.17%
EBIT growth 1Y3.17%
EBIT growth 3Y-5.88%
EBIT growth 5Y59.61%
EBIT Next Year47.7%
EBIT Next 3Y24.91%
EBIT Next 5Y5.4%
FCF growth 1Y151.12%
FCF growth 3Y-21.33%
FCF growth 5YN/A
OCF growth 1Y40.55%
OCF growth 3Y-2.46%
OCF growth 5Y37.03%