FREEPORT-MCMORAN INC (FCX) Stock Fundamental Analysis
USA - NYSE:FCX - US35671D8570 - Common Stock
40.93 USD
-0.38 (-0.92%)
We assign a fundamental rating of 6 out of 10 to FCX. FCX was compared to 155 industry peers in the Metals & Mining industry. FCX has an excellent profitability rating, but there are some minor concerns on its financial health. FCX has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years FCX has been profitable.
FCX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FCX (3.37%) is better than 70.97% of its industry peers.
With a decent Return On Equity value of 10.47%, FCX is doing good in the industry, outperforming 79.35% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.58%, FCX is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FCX is below the industry average of 12.30%.
| 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
Looking at the Profit Margin, with a value of 7.38%, FCX is in the better half of the industry, outperforming 74.84% 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 80.65% of its industry peers.
In the last couple of years the Operating Margin of FCX has grown nicely.
FCX has a Gross Margin of 29.73%. This is in the better half of the industry: FCX outperforms 67.74% of its industry peers.
FCX's Gross Margin has improved in the last couple of years.
| 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
FCX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for FCX remains at a similar level compared to 1 year ago.
Compared to 5 years ago, FCX has less shares outstanding
FCX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.98 indicates that FCX is not a great score, but indicates only limited risk for bankruptcy at the moment.
FCX has a Altman-Z score of 1.98. This is in the lower half of the industry: FCX underperforms 69.03% 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.
FCX has a better Debt to FCF ratio (4.33) than 72.90% of its industry peers.
FCX has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.49, FCX is not doing good in the industry: 78.06% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 4.33 | ||
| Altman-Z | 1.98 |
ROIC/WACC1.03
WACC8.37%
2.3 Liquidity
FCX has a Current Ratio of 2.47. This indicates that FCX is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of FCX (2.47) is comparable to the rest of the industry.
FCX has a Quick Ratio of 1.21. 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 (1.21) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.47 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
FCX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.08%.
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 4.64% in the past 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
The Earnings Per Share is expected to grow by 4.03% on average over the next years.
The Revenue is expected to grow by 1.79% on average over the next years.
EPS Next Y25.7%
EPS Next 2Y35.29%
EPS Next 3Y27.51%
EPS Next 5Y4.03%
Revenue Next Year-1.99%
Revenue Next 2Y1.19%
Revenue Next 3Y5.22%
Revenue Next 5Y1.79%
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
The Price/Earnings ratio is 27.84, which means the current valuation is very expensive for FCX.
Based on the Price/Earnings ratio, FCX is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
FCX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.77.
The Price/Forward Earnings ratio is 15.21, which indicates a correct valuation of FCX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FCX indicates a somewhat cheap valuation: FCX is cheaper than 64.52% of the companies listed in the same industry.
FCX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.84 | ||
| Fwd PE | 15.21 |
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 85.81% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FCX is valued cheaper than 81.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.49 | ||
| EV/EBITDA | 6.94 |
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.
A more expensive valuation may be justified as FCX's earnings are expected to grow with 27.51% in the coming years.
PEG (NY)1.08
PEG (5Y)0.2
EPS Next 2Y35.29%
EPS Next 3Y27.51%
5. Dividend
5.1 Amount
FCX has a Yearly Dividend Yield of 1.44%. Purely for dividend investing, there may be better candidates out there.
FCX's Dividend Yield is rather good when compared to the industry average which is at 2.42. FCX pays more dividend than 81.94% of the companies in the same industry.
FCX's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
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
FCX pays out 45.38% of its income as dividend. 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 2Y35.29%
EPS Next 3Y27.51%
NYSE:FCX (10/22/2025, 3:14:08 PM)
40.93
-0.38 (-0.92%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners87.03%
Inst Owner Change0.01%
Ins Owners0.65%
Ins Owner Change0.31%
Market Cap58.77B
Revenue(TTM)25.82B
Net Income(TTM)1.91B
Analysts73.85
Price Target48.19 (17.74%)
Short Float %1.5%
Short Ratio1.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
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)-6.93%
PT rev (3m)-6.03%
EPS NQ rev (1m)-10.52%
EPS NQ rev (3m)-21.18%
EPS NY rev (1m)0.33%
EPS NY rev (3m)2.15%
Revenue NQ rev (1m)-4%
Revenue NQ rev (3m)-9.28%
Revenue NY rev (1m)-8%
Revenue NY rev (3m)-8.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.84 | ||
| Fwd PE | 15.21 | ||
| P/S | 2.28 | ||
| P/FCF | 27.49 | ||
| P/OCF | 8.96 | ||
| P/B | 3.23 | ||
| P/tB | 3.23 | ||
| EV/EBITDA | 6.94 |
EPS(TTM)1.47
EY3.59%
EPS(NY)2.69
Fwd EY6.57%
FCF(TTM)1.49
FCFY3.64%
OCF(TTM)4.57
OCFY11.16%
SpS17.98
BVpS12.68
TBVpS12.68
PEG (NY)1.08
PEG (5Y)0.2
Graham Number20.48
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%
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 | 0.49 | ||
| 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 | 1.98 |
F-Score7
WACC8.37%
ROIC/WACC1.03
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 Y25.7%
EPS Next 2Y35.29%
EPS Next 3Y27.51%
EPS Next 5Y4.03%
Revenue 1Y (TTM)4.64%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%14.46%
Revenue Next Year-1.99%
Revenue Next 2Y1.19%
Revenue Next 3Y5.22%
Revenue Next 5Y1.79%
EBIT growth 1Y-0.71%
EBIT growth 3Y-5.88%
EBIT growth 5Y58.95%
EBIT Next Year52.01%
EBIT Next 3Y26.01%
EBIT Next 5Y8.87%
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%