Taking everything into account, FCX scores 5 out of 10 in our fundamental rating. FCX was compared to 154 industry peers in the Metals & Mining industry. Both the profitability and the financial health of FCX get a neutral evaluation. Nothing too spectacular is happening here. FCX is valued correctly, but it does not seem to be growing.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

FCX had positive earnings in the past year.
FCX had a positive operating cash flow in the past year.
FCX had positive earnings in 4 of the past 5 years.
FCX had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

FCX has a better Return On Assets (3.61%) than 68.18% of its industry peers.
With a decent Return On Equity value of 10.99%, FCX is doing good in the industry, outperforming 77.92% of the companies in the same industry.
FCX's Return On Invested Capital of 8.53% is fine compared to the rest of the industry. FCX outperforms 73.38% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FCX is in line with the industry average of 10.34%.

		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 better Profit Margin (7.90%) than 73.38% of its industry peers.
FCX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 26.78%, FCX is in the better half of the industry, outperforming 75.32% of the companies in the same industry.
FCX's Operating Margin has improved in the last couple of years.
FCX's Gross Margin of 29.63% is fine compared to the rest of the industry. FCX outperforms 66.23% 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%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

FCX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
There is no outstanding debt for FCX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

FCX has an Altman-Z score of 2.43. 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.
The Altman-Z score of FCX (2.43) is worse than 66.88% 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.
The Debt to FCF ratio of FCX (4.44) is better than 71.43% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that FCX is not too dependend on debt financing.
FCX has a Debt to Equity ratio of 0.48. This is in the lower half of the industry: FCX underperforms 74.68% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.48
Debt/FCF	4.44
Altman-Z	2.43

ROIC/WACC0.84

WACC10.12%

2.3 Liquidity

FCX has a Current Ratio of 2.45. This indicates that FCX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.45, FCX is in line with its industry, outperforming 51.95% of the companies in the same industry.
FCX has a Quick Ratio of 1.19. This is a normal value and indicates that FCX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.19, FCX is doing worse than 60.39% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.45
Quick Ratio	1.19

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 19.05% over the past year.
FCX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.51% yearly.

EPS 1Y (TTM)19.05%

EPS 3Y-10.37%

EPS 5Y26.51%

EPS Q2Q%51.61%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-1.52%

3.2 Future

The Earnings Per Share is expected to grow by 3.82% on average over the next years.
The Revenue is expected to grow by 4.76% on average over the next years.

EPS Next Y42.96%

EPS Next 2Y35.34%

EPS Next 3Y19.85%

EPS Next 5Y3.82%

Revenue Next Year10.07%

Revenue Next 2Y12.6%

Revenue Next 3Y9.96%

Revenue Next 5Y4.76%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 34.52, FCX can be considered very expensive at the moment.
Based on the Price/Earnings ratio, FCX is valued a bit cheaper than 71.43% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.21, FCX is valued a bit more expensive.
FCX is valuated rather expensively with a Price/Forward Earnings ratio of 24.15.
The rest of the industry has a similar Price/Forward Earnings ratio as FCX.
FCX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.98.

		Industry Rank	Sector Rank
PE	34.52
Fwd PE	24.15

4.2 Price Multiples

85.06% 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 77.92% of the companies are valued more expensively.

		Industry Rank	Sector Rank
P/FCF	41.41
EV/EBITDA	9.91

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of FCX may justify a higher PE ratio.
A more expensive valuation may be justified as FCX's earnings are expected to grow with 19.85% in the coming years.

PEG (NY)0.8

PEG (5Y)1.3

EPS Next 2Y35.34%

EPS Next 3Y19.85%

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5. Dividend

5.1 Amount

FCX has a Yearly Dividend Yield of 1.02%.
FCX's Dividend Yield is a higher than the industry average which is at 1.02.
With a Dividend Yield of 1.02, FCX pays less dividend than the S&P500 average, which is at 1.81.

		Industry Rank	Sector Rank
Dividend Yield	1.02%

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

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 2Y35.34%

EPS Next 3Y19.85%

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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 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.

What is the profitability of FCX stock?

FREEPORT-MCMORAN INC (FCX) has a profitability rating of 6 / 10.

What is the financial health of FREEPORT-MCMORAN INC (FCX) stock?

The financial health rating of FREEPORT-MCMORAN INC (FCX) is 4 / 10.

What is the earnings growth outlook for FREEPORT-MCMORAN INC?

The Earnings per Share (EPS) of FREEPORT-MCMORAN INC (FCX) is expected to grow by 42.96% in the next year.