Financials Freeport-McMoRan Inc.

Equities

FCX

US35671D8570

Specialty Mining & Metals

Market Closed - Nyse 21:00:47 24/05/2024 BST 5-day change 1st Jan Change
51.53 USD +0.64% Intraday chart for Freeport-McMoRan Inc. -4.98% +21.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,036 37,804 61,279 54,314 61,044 74,022 - -
Enterprise Value (EV) 1 26,842 43,858 62,661 56,814 65,708 77,676 75,986 72,450
P/E ratio -77.2 x 63.5 x 14.4 x 15.9 x 33.3 x 33.3 x 24.4 x 20.9 x
Yield 1.52% - 0.9% 1.58% 1.41% 1.16% 1.16% 1.16%
Capitalization / Revenue 1.32 x 2.66 x 2.68 x 2.38 x 2.67 x 2.95 x 2.82 x 2.76 x
EV / Revenue 1.86 x 3.09 x 2.74 x 2.49 x 2.88 x 3.1 x 2.9 x 2.7 x
EV / EBITDA 9.93 x 11.1 x 6.05 x 6.27 x 7.92 x 7.69 x 6.6 x 5.83 x
EV / FCF -22.9 x 41.5 x 11.2 x 34 x 144 x 30.9 x 17.5 x 12.4 x
FCF Yield -4.36% 2.41% 8.94% 2.94% 0.69% 3.24% 5.71% 8.05%
Price to Book 2.05 x 3.74 x 4.42 x 3.5 x 3.66 x 4.05 x 3.52 x 3.04 x
Nbr of stocks (in thousands) 1,450,914 1,452,868 1,468,474 1,429,327 1,433,977 1,436,490 - -
Reference price 2 13.12 26.02 41.73 38.00 42.57 51.53 51.53 51.53
Announcement Date 23/01/20 26/01/21 26/01/22 25/01/23 24/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,402 14,198 22,845 22,780 22,855 25,070 26,216 26,787
EBITDA 1 2,703 3,965 10,364 9,056 8,293 10,100 11,510 12,421
EBIT 1 1,091 2,437 8,366 7,037 6,225 7,695 9,142 10,115
Operating Margin 7.58% 17.16% 36.62% 30.89% 27.24% 30.69% 34.87% 37.76%
Earnings before Tax (EBT) 1 306 1,797 7,659 6,715 6,006 7,513 9,072 9,397
Net income 1 -239 599 4,306 3,468 1,848 2,340 3,334 3,688
Net margin -1.66% 4.22% 18.85% 15.22% 8.09% 9.33% 12.72% 13.77%
EPS 2 -0.1700 0.4100 2.900 2.390 1.280 1.549 2.116 2.471
Free Cash Flow 1 -1,170 1,056 5,600 1,670 455 2,518 4,337 5,830
FCF margin -8.12% 7.44% 24.51% 7.33% 1.99% 10.04% 16.54% 21.76%
FCF Conversion (EBITDA) - 26.63% 54.03% 18.44% 5.49% 24.93% 37.69% 46.94%
FCF Conversion (Net income) - 176.29% 130.05% 48.15% 24.62% 107.61% 130.1% 158.09%
Dividend per Share 2 0.2000 - 0.3750 0.6000 0.6000 0.6000 0.6000 0.6000
Announcement Date 23/01/20 26/01/21 26/01/22 25/01/23 24/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 6,164 6,603 5,416 5,003 5,758 5,389 5,737 5,824 5,905 6,321 6,073 6,199 6,560 6,104 6,336
EBITDA 1 2,873 3,298 2,243 1,470 2,045 2,165 2,141 2,197 2,311 2,496 2,410 2,426 2,649 2,696 2,733
EBIT 1 2,305 2,809 1,736 962 1,530 1,601 1,410 1,492 1,722 1,634 1,944 2,051 2,253 - -
Operating Margin 37.39% 42.54% 32.05% 19.23% 26.57% 29.71% 24.58% 25.62% 29.16% 25.85% 32.01% 33.08% 34.35% - -
Earnings before Tax (EBT) 1 1,973 2,713 1,599 867 1,536 1,538 1,268 1,472 1,728 1,674 1,980 1,916 2,022 2,182 2,431
Net income 1 1,106 1,527 840 404 697 663 343 454 388 473 571.9 585.8 664.8 878.3 1,012
Net margin 17.94% 23.13% 15.51% 8.08% 12.1% 12.3% 5.98% 7.8% 6.57% 7.48% 9.42% 9.45% 10.13% 14.39% 15.97%
EPS 2 0.7400 1.040 0.5700 0.2800 0.4800 0.4600 0.2300 0.3100 0.2700 0.3200 0.3153 0.3268 0.3774 0.3940 0.4060
Dividend per Share 2 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500 0.1500
Announcement Date 26/01/22 21/04/22 21/07/22 20/10/22 25/01/23 21/04/23 20/07/23 19/10/23 24/01/24 23/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,806 6,054 1,382 2,500 4,664 3,654 1,964 -
Net Cash position 1 - - - - - - - 1,573
Leverage (Debt/EBITDA) 2.888 x 1.527 x 0.1333 x 0.2761 x 0.5624 x 0.3617 x 0.1706 x -
Free Cash Flow 1 -1,170 1,056 5,600 1,670 455 2,518 4,337 5,830
ROE (net income / shareholders' equity) -2.5% 6.15% 38.4% 23.5% 13.8% 13.8% 17.4% 16.3%
ROA (Net income/ Total Assets) -0.58% 1.44% 9.55% 7% 4.29% 4.47% 6.2% 6.13%
Assets 1 41,515 41,477 45,083 49,558 43,100 52,317 53,776 60,158
Book Value Per Share 2 6.410 6.960 9.430 10.90 11.60 12.70 14.60 17.00
Cash Flow per Share 2 1.020 2.070 5.210 3.540 3.660 4.780 5.600 5.870
Capex 1 2,652 1,961 2,115 3,469 4,824 4,672 3,960 2,753
Capex / Sales 18.41% 13.81% 9.26% 15.23% 21.11% 18.63% 15.1% 10.28%
Announcement Date 23/01/20 26/01/21 26/01/22 25/01/23 24/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
51.53 USD
Average target price
52.54 USD
Spread / Average Target
+1.96%
Consensus
  1. Stock Market
  2. Equities
  3. FCX Stock
  4. Financials Freeport-McMoRan Inc.