FREEPORT-MCMORAN INC (FCX) Fundamental Analysis & Valuation

NYSE:FCX • US35671D8570

Current stock price

65.1 USD
+4.34 (+7.14%)
At close:
64.5 USD
-0.6 (-0.92%)
Pre-Market:

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

  • 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.
  • 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 68.15% of its industry peers.
  • FCX has a Return On Equity of 11.56%. This is in the better half of the industry: FCX outperforms 74.52% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.04%, FCX is in the better half of the industry, outperforming 68.15% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for FCX is significantly below the industry average of 61.64%.
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

  • FCX has a better Profit Margin (8.43%) than 72.61% of its industry peers.
  • FCX's Profit Margin has improved in the last couple of years.
  • FCX has a Operating Margin of 25.16%. This is in the better half of the industry: FCX outperforms 73.89% of its industry peers.
  • In the last couple of years the Operating Margin of FCX has grown nicely.
  • Looking at the Gross Margin, with a value of 28.16%, FCX is in the better half of the industry, outperforming 63.69% of the companies in the same industry.
  • FCX's Gross Margin has improved in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FCX 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.
  • The debt/assets ratio for FCX has been reduced compared to a year ago.
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 2.44. 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.
  • Looking at the Altman-Z score, with a value of 2.44, FCX is doing worse than 63.69% of the companies in the same industry.
  • FCX has a debt to FCF ratio of 5.78. This is a neutral value as FCX would need 5.78 years to pay back of all of its debts.
  • The Debt to FCF ratio of FCX (5.78) is better than 67.52% of its industry peers.
  • FCX has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.47, FCX is not doing good in the industry: 71.34% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 5.78
Altman-Z 2.44
ROIC/WACC0.64
WACC12.57%
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

  • FCX has a Current Ratio of 2.29. This indicates that FCX is financially healthy and has no problem in meeting its short term obligations.
  • FCX has a Current ratio (2.29) which is in line with its industry peers.
  • FCX has a Quick Ratio of 1.05. 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 (1.05) is worse than 64.97% 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

  • FCX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.05%, 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 26.51% on average per year.
  • The Revenue has been growing slightly by 1.81% in the past 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

  • Based on estimates for the next years, FCX will show a decrease in Earnings Per Share. The EPS will decrease by -0.85% on average per year.
  • The Revenue is expected to grow by 4.46% on average over the next years.
EPS Next Y68.71%
EPS Next 2Y48.5%
EPS Next 3Y33.85%
EPS Next 5Y-0.85%
Revenue Next Year14.21%
Revenue Next 2Y16.24%
Revenue Next 3Y11.33%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 37.20, which means the current valuation is very expensive for FCX.
  • Based on the Price/Earnings ratio, FCX is valued a bit cheaper than 61.78% of the companies in the same industry.
  • FCX's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.91.
  • A Price/Forward Earnings ratio of 22.05 indicates a rather expensive valuation of FCX.
  • FCX's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, FCX is valued at the same level.
Industry RankSector Rank
PE 37.2
Fwd PE 22.05
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 72.61% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, FCX is valued a bit cheaper than 69.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 57.65
EV/EBITDA 11.31
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)0.54
PEG (5Y)1.4
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

  • With a Yearly Dividend Yield of 1.07%, FCX has a reasonable but not impressive dividend return.
  • FCX's Dividend Yield is a higher than the industry average which is at 1.16.
  • Compared to an average S&P500 Dividend Yield of 1.89, FCX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.07%

5.2 History

  • The dividend of FCX is nicely growing with an annual growth rate of 64.36%!
  • FCX has been paying a dividend for at least 10 years, so it has 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

  • 39.59% of the earnings are spent on dividend by FCX. This is a low number and 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 (4/8/2026, 8:04:00 PM)

Premarket: 64.5 -0.6 (-0.92%)

65.1

+4.34 (+7.14%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)01-22
Earnings (Next)04-16
Inst Owners88.64%
Inst Owner Change0%
Ins Owners0.64%
Ins Owner Change-1.21%
Market Cap93.56B
Revenue(TTM)25.91B
Net Income(TTM)2.19B
Analysts80
Price Target68.67 (5.48%)
Short Float %2.06%
Short Ratio1.42
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
Yearly Dividend0.6
Dividend Growth(5Y)64.36%
DP39.59%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-15
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)2.65%
PT rev (3m)34.51%
EPS NQ rev (1m)-2.39%
EPS NQ rev (3m)11.67%
EPS NY rev (1m)0%
EPS NY rev (3m)33.22%
Revenue NQ rev (1m)0.77%
Revenue NQ rev (3m)-2.45%
Revenue NY rev (1m)0.82%
Revenue NY rev (3m)7.08%
Valuation
Industry RankSector Rank
PE 37.2
Fwd PE 22.05
P/S 3.61
P/FCF 57.65
P/OCF 16.68
P/B 4.95
P/tB 4.95
EV/EBITDA 11.31
EPS(TTM)1.75
EY2.69%
EPS(NY)2.95
Fwd EY4.54%
FCF(TTM)1.13
FCFY1.73%
OCF(TTM)3.9
OCFY6%
SpS18.03
BVpS13.15
TBVpS13.15
PEG (NY)0.54
PEG (5Y)1.4
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 2.44
F-Score6
WACC12.57%
ROIC/WACC0.64
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 Year14.21%
Revenue Next 2Y16.24%
Revenue Next 3Y11.33%
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.


Can you provide the profitability details for FREEPORT-MCMORAN INC?

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


Can you provide the PE and PB ratios for FCX stock?

The Price/Earnings (PE) ratio for FREEPORT-MCMORAN INC (FCX) is 37.2 and the Price/Book (PB) ratio is 4.95.


Can you provide the expected EPS growth for FCX stock?

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