FREEPORT-MCMORAN INC (FPMB.DE) Stock Fundamental Analysis
FRA:FPMB - Deutsche Boerse Ag - US35671D8570 - Common Stock - Currency: EUR
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 scores excellent on profitability, but there are some minor concerns on its financial health. FPMB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FPMB was profitable.
FPMB had a positive operating cash flow in the past year.
In the past 5 years FPMB has always been profitable.
In the past 5 years FPMB always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.41%, FPMB is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
FPMB has a Return On Equity of 10.65%. This is in the better half of the industry: FPMB outperforms 79.49% of its industry peers.
With an excellent Return On Invested Capital value of 8.80%, FPMB belongs to the best of the industry, outperforming 87.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FPMB is above the industry average of 6.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 10.65% | ||
| ROIC | 8.8% |
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
With a decent Profit Margin value of 7.35%, FPMB is doing good in the industry, outperforming 76.92% of the companies in the same industry.
In the last couple of years the Profit Margin of FPMB has declined.
With an excellent Operating Margin value of 27.14%, FPMB belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
FPMB's Operating Margin has improved in the last couple of years.
FPMB has a Gross Margin of 30.09%. This is comparable to the rest of the industry: FPMB outperforms 56.41% of its industry peers.
FPMB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.14% | ||
| PM (TTM) | 7.35% | ||
| GM | 30.09% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FPMB is destroying value.
Compared to 1 year ago, FPMB has about the same amount of shares outstanding.
The number of shares outstanding for FPMB has been reduced compared to 5 years ago.
The debt/assets ratio for FPMB has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.87 indicates that FPMB is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of FPMB (1.87) is comparable to the rest of the industry.
FPMB has a debt to FCF ratio of 3.28. This is a good value and a sign of high solvency as FPMB would need 3.28 years to pay back of all of its debts.
FPMB has a better Debt to FCF ratio (3.28) than 79.49% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that FPMB is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.51, FPMB is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.28 | ||
| Altman-Z | 1.87 |
ROIC/WACC0.93
WACC9.49%
2.3 Liquidity
FPMB has a Current Ratio of 2.42. This indicates that FPMB is financially healthy and has no problem in meeting its short term obligations.
FPMB has a Current ratio of 2.42. This is amongst the best in the industry. FPMB outperforms 82.05% of its industry peers.
FPMB has a Quick Ratio of 1.18. This is a normal value and indicates that FPMB is financially healthy and should not expect problems in meeting its short term obligations.
FPMB has a Quick ratio of 1.18. This is in the better half of the industry: FPMB outperforms 74.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.42 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
FPMB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.92%.
Measured over the past years, FPMB shows a very strong growth in Earnings Per Share. The EPS has been growing by 136.19% on average per year.
Looking at the last year, FPMB shows a quite strong growth in Revenue. The Revenue has grown by 11.38% in the last year.
FPMB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.07% yearly.
EPS 1Y (TTM)-3.92%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%14.81%
Revenue 1Y (TTM)11.38%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%-3.13%
3.2 Future
Based on estimates for the next years, FPMB will show a small growth in Earnings Per Share. The EPS will grow by 3.16% on average per year.
FPMB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.83% yearly.
EPS Next Y13.58%
EPS Next 2Y25.07%
EPS Next 3Y24.93%
EPS Next 5Y3.16%
Revenue Next Year2.01%
Revenue Next 2Y6.42%
Revenue Next 3Y5.55%
Revenue Next 5Y1.83%
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
Based on the Price/Earnings ratio of 24.30, the valuation of FPMB can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as FPMB.
FPMB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.64, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 21.43, FPMB is valued on the expensive side.
FPMB's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.44, FPMB is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.3 | ||
| Fwd PE | 21.43 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FPMB.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FPMB indicates a somewhat cheap valuation: FPMB is cheaper than 71.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.86 | ||
| EV/EBITDA | 6.17 |
4.3 Compensation for Growth
The 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 24.93% in the coming years.
PEG (NY)1.79
PEG (5Y)0.18
EPS Next 2Y25.07%
EPS Next 3Y24.93%
5. Dividend
5.1 Amount
FPMB has a Yearly Dividend Yield of 1.82%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.76, FPMB has a dividend in line with its industry peers.
FPMB's Dividend Yield is slightly below the S&P500 average, which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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
5.3 Sustainability
46.21% 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.
DP46.21%
EPS Next 2Y25.07%
EPS Next 3Y24.93%
FRA:FPMB (4/23/2025, 7:00:00 PM)
31.345
+1.61 (+5.4%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners85.63%
Inst Owner ChangeN/A
Ins Owners0.66%
Ins Owner ChangeN/A
Market Cap45.04B
Analysts76.3
Price Target45.41 (44.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Yearly Dividend0.53
Dividend Growth(5Y)24.59%
DP46.21%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)28.83%
Min EPS beat(2)6.69%
Max EPS beat(2)50.97%
EPS beat(4)4
Avg EPS beat(4)24.73%
Min EPS beat(4)6.69%
Max EPS beat(4)50.97%
EPS beat(8)8
Avg EPS beat(8)18.66%
EPS beat(12)11
Avg EPS beat(12)14.42%
EPS beat(16)13
Avg EPS beat(16)11.36%
Revenue beat(2)1
Avg Revenue beat(2)0.16%
Min Revenue beat(2)-3.61%
Max Revenue beat(2)3.92%
Revenue beat(4)3
Avg Revenue beat(4)5.08%
Min Revenue beat(4)-3.61%
Max Revenue beat(4)10.58%
Revenue beat(8)6
Avg Revenue beat(8)3.86%
Revenue beat(12)9
Avg Revenue beat(12)2.16%
Revenue beat(16)9
Avg Revenue beat(16)0.96%
PT rev (1m)-3.81%
PT rev (3m)-15.4%
EPS NQ rev (1m)8.61%
EPS NQ rev (3m)-51.03%
EPS NY rev (1m)0.55%
EPS NY rev (3m)-21.15%
Revenue NQ rev (1m)2.36%
Revenue NQ rev (3m)-22.54%
Revenue NY rev (1m)1.08%
Revenue NY rev (3m)-4.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.3 | ||
| Fwd PE | 21.43 | ||
| P/S | 2.02 | ||
| P/FCF | 18.86 | ||
| P/OCF | 7.18 | ||
| P/B | 2.92 | ||
| P/tB | 2.92 | ||
| EV/EBITDA | 6.17 |
EPS(TTM)1.29
EY4.12%
EPS(NY)1.46
Fwd EY4.67%
FCF(TTM)1.66
FCFY5.3%
OCF(TTM)4.36
OCFY13.92%
SpS15.52
BVpS10.72
TBVpS10.72
PEG (NY)1.79
PEG (5Y)0.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 10.65% | ||
| ROCE | 14% | ||
| ROIC | 8.8% | ||
| ROICexc | 9.56% | ||
| ROICexgc | 9.56% | ||
| OM | 27.14% | ||
| PM (TTM) | 7.35% | ||
| GM | 30.09% | ||
| FCFM | 10.71% |
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 Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 3.28 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 197.81% | ||
| Cap/Sales | 17.42% | ||
| Interest Coverage | 33.54 | ||
| Cash Conversion | 78.25% | ||
| Profit Quality | 145.67% | ||
| Current Ratio | 2.42 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | 1.87 |
F-Score7
WACC9.49%
ROIC/WACC0.93
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)-3.92%
EPS 3Y-22.27%
EPS 5Y136.19%
EPS Q2Q%14.81%
EPS Next Y13.58%
EPS Next 2Y25.07%
EPS Next 3Y24.93%
EPS Next 5Y3.16%
Revenue 1Y (TTM)11.38%
Revenue growth 3Y3.67%
Revenue growth 5Y12.07%
Sales Q2Q%-3.13%
Revenue Next Year2.01%
Revenue Next 2Y6.42%
Revenue Next 3Y5.55%
Revenue Next 5Y1.83%
EBIT growth 1Y8.82%
EBIT growth 3Y-5.88%
EBIT growth 5Y59.61%
EBIT Next Year46.03%
EBIT Next 3Y22.76%
EBIT Next 5Y5.4%
FCF growth 1Y316.34%
FCF growth 3Y-21.33%
FCF growth 5YN/A
OCF growth 1Y35.63%
OCF growth 3Y-2.46%
OCF growth 5Y37.03%