FREEPORT-MCMORAN INC (FCX) Stock Fundamental Analysis
USA - NYSE:FCX - US35671D8570 - Common Stock
39.63 USD
-1.62 (-3.93%)
39.2 USD
-0.43 (-1.09%)
We assign a fundamental rating of 5 out of 10 to FCX. FCX was compared to 154 industry peers in the Metals & Mining industry. FCX has an average financial health and profitability rating. FCX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FCX had positive earnings in the past year.
In the past year FCX had a positive cash flow from operations.
In the past 5 years FCX has always been profitable.
Each year in the past 5 years FCX had a positive operating cash flow.
1.2 Ratios
FCX has a Return On Assets of 3.61%. This is in the better half of the industry: FCX outperforms 68.18% of its industry peers.
FCX's Return On Equity of 10.99% is fine compared to the rest of the industry. FCX outperforms 77.27% 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 74.68% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCX is below the industry average of 12.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.61% | ||
| ROE | 10.99% | ||
| 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 has a Profit Margin of 7.90%. This is in the better half of the industry: FCX outperforms 73.38% of its industry peers.
FCX's Profit Margin has declined in the last couple of years.
FCX has a Operating Margin of 26.78%. This is in the better half of the industry: FCX outperforms 77.92% of its industry peers.
In the last couple of years the Operating Margin of FCX has grown nicely.
The Gross Margin of FCX (29.63%) is better than 67.53% 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) | 7.9% | ||
| 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.
FCX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, FCX has less shares outstanding
Compared to 1 year ago, FCX has an improved debt to assets ratio.
2.2 Solvency
FCX has an Altman-Z score of 1.96. 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 1.96 is on the low side compared to the rest of the industry. FCX is outperformed by 65.58% 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.
FCX has a better Debt to FCF ratio (4.44) than 73.38% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that FCX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.48, FCX is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.44 | ||
| Altman-Z | 1.96 |
ROIC/WACC0.96
WACC8.87%
2.3 Liquidity
A Current Ratio of 2.45 indicates that FCX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.45, FCX is in line with its industry, outperforming 52.60% of the companies in the same industry.
A Quick Ratio of 1.19 indicates that FCX should not have too much problems paying its short term obligations.
FCX's Quick ratio of 1.19 is on the low side compared to the rest of the industry. FCX is outperformed by 62.99% of its industry peers.
| 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.
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.
The Revenue has been growing slightly by 1.41% in the past year.
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 3.40% yearly.
The Revenue is expected to grow by 4.14% on average over the next years.
EPS Next Y2.43%
EPS Next 2Y23.04%
EPS Next 3Y25.61%
EPS Next 5Y3.4%
Revenue Next Year-0.97%
Revenue Next 2Y4.41%
Revenue Next 3Y7.43%
Revenue Next 5Y4.14%
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.
4. Valuation
4.1 Price/Earnings Ratio
FCX is valuated rather expensively with a Price/Earnings ratio of 24.92.
Based on the Price/Earnings ratio, FCX is valued a bit cheaper than 69.48% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.07, FCX is valued at the same level.
With a Price/Forward Earnings ratio of 17.81, FCX is valued on the expensive side.
FCX's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of FCX to the average of the S&P500 Index (34.08), we can say FCX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.92 | ||
| Fwd PE | 17.81 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FCX indicates a rather cheap valuation: FCX is cheaper than 87.66% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FCX indicates a somewhat cheap valuation: FCX is cheaper than 77.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.16 | ||
| EV/EBITDA | 6.68 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 25.61% in the coming years.
PEG (NY)10.27
PEG (5Y)0.18
EPS Next 2Y23.04%
EPS Next 3Y25.61%
5. Dividend
5.1 Amount
FCX has a Yearly Dividend Yield of 1.48%.
FCX's Dividend Yield is a higher than the industry average which is at 2.63.
FCX's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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
42.13% of the earnings are spent on dividend by FCX. This is a bit on the high side, but may be sustainable.
The dividend of FCX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP42.13%
EPS Next 2Y23.04%
EPS Next 3Y25.61%
39.63
-1.62 (-3.93%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners87.03%
Inst Owner Change1.27%
Ins Owners0.65%
Ins Owner Change0.6%
Market Cap56.90B
Revenue(TTM)26.00B
Net Income(TTM)2.05B
Analysts77.78
Price Target48.39 (22.1%)
Short Float %1.48%
Short Ratio1.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
Yearly Dividend0.6
Dividend Growth(5Y)24.59%
DP42.13%
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)0.42%
PT rev (3m)-7.11%
EPS NQ rev (1m)13.41%
EPS NQ rev (3m)-50.35%
EPS NY rev (1m)-18.51%
EPS NY rev (3m)-16.77%
Revenue NQ rev (1m)1.96%
Revenue NQ rev (3m)-26.24%
Revenue NY rev (1m)1.04%
Revenue NY rev (3m)-7.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.92 | ||
| Fwd PE | 17.81 | ||
| P/S | 2.19 | ||
| P/FCF | 27.16 | ||
| P/OCF | 8.96 | ||
| P/B | 3.05 | ||
| P/tB | 3.05 | ||
| EV/EBITDA | 6.68 |
EPS(TTM)1.59
EY4.01%
EPS(NY)2.23
Fwd EY5.62%
FCF(TTM)1.46
FCFY3.68%
OCF(TTM)4.42
OCFY11.17%
SpS18.11
BVpS13.01
TBVpS13.01
PEG (NY)10.27
PEG (5Y)0.18
Graham Number21.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.61% | ||
| ROE | 10.99% | ||
| ROCE | 13.57% | ||
| ROIC | 8.53% | ||
| ROICexc | 9.31% | ||
| ROICexgc | 9.31% | ||
| OM | 26.78% | ||
| PM (TTM) | 7.9% | ||
| 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 | 102.05% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 1.96 |
F-Score7
WACC8.87%
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)11.19%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%31.58%
EPS Next Y2.43%
EPS Next 2Y23.04%
EPS Next 3Y25.61%
EPS Next 5Y3.4%
Revenue 1Y (TTM)1.41%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%2.68%
Revenue Next Year-0.97%
Revenue Next 2Y4.41%
Revenue Next 3Y7.43%
Revenue Next 5Y4.14%
EBIT growth 1Y-6.66%
EBIT growth 3Y-5.88%
EBIT growth 5Y58.95%
EBIT Next Year52.01%
EBIT Next 3Y26.01%
EBIT Next 5Y4.91%
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 5 / 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 24.92 and the Price/Book (PB) ratio is 3.05.
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 42.13%.