Financials Freeport-McMoRan Inc.

Equities

FCX

US35671D8570

Specialty Mining & Metals

Market Closed - Nyse Other stock markets 21:00:02 17/06/2025 BST			5-day change	1st Jan Change
41.37 ^USD	-1.29%		-2.29%	+8.64%

06-16	Scotiabank Upgrades Freeport-McMoRan to Sector Outperform From Sector Perform, Adjusts PT to $48 From $43	MT
06-11	Exclusive-Chile's Codelco to focus on public-private partnerships to boost finances and production, CFO says	RE

Projected Income Statement: Freeport-McMoRan Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	14,198	22,845	22,780	22,855	25,455	26,856	28,970	30,448
Change	-	60.9%	-0.28%	0.33%	11.38%	5.5%	7.87%	5.1%
EBITDA ¹	3,965	10,364	9,056	8,293	9,105	10,919	12,516	13,844
Change	-	161.39%	-12.62%	-8.43%	9.79%	19.93%	14.62%	10.61%
EBIT ¹	2,437	8,366	7,037	6,225	6,864	8,188	9,847	10,889
Change	-	243.29%	-15.89%	-11.54%	10.27%	19.29%	20.27%	10.58%
Interest Paid ¹	-598	-602	-560	-515	-319	-394.7	-432.7	-441.8
Earnings before Tax (EBT) ¹	1,797	7,659	6,715	6,006	6,907	7,813	9,663	10,973
Change	-	326.21%	-12.33%	-10.56%	15%	13.12%	23.67%	13.56%
Net income ¹	599	4,306	3,468	1,848	1,889	2,211	2,965	3,684
Change	-	618.86%	-19.46%	-46.71%	2.22%	17.03%	34.12%	24.26%
Announcement Date	26/01/21	26/01/22	25/01/23	24/01/24	23/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	3,054	3,851	4,495	4,850	5,748	6,083	6,164	6,603	5,416	5,003	5,758	5,389	5,737	5,824	5,905	6,321	6,624	6,790	5,720	5,728	6,851	6,899	7,091	7,003	7,250	7,833	8,145	8,122
Change	-	26.1%	16.72%	7.9%	18.52%	5.83%	1.33%	7.12%	-17.98%	-7.63%	15.09%	-6.41%	6.46%	1.52%	1.39%	7.04%	4.79%	2.51%	-15.76%	0.14%	19.61%	0.7%	2.78%	-1.24%	3.52%	8.04%	3.99%	-0.29%
EBITDA ¹	679	1,274	2,144	1,951	2,550	2,990	2,873	3,298	2,243	1,470	2,045	2,165	2,141	2,197	2,311	2,496	2,734	2,692	1,780	1,888	2,860	2,927	3,054	3,007	3,283	3,545	3,681	3,336
Change	-	87.63%	68.29%	-9%	30.7%	17.25%	-3.91%	14.79%	-31.99%	-34.46%	39.12%	5.87%	-1.11%	2.62%	5.19%	8.01%	9.54%	-1.54%	-33.88%	6.07%	51.49%	2.35%	4.34%	-1.56%	9.21%	7.97%	3.84%	-9.36%
EBIT ¹	321	880	1,709	1,532	2,067	2,462	2,305	2,809	1,736	962	1,530	1,601	1,410	1,492	1,722	1,634	2,049	1,938	1,243	1,303	2,138	2,030	2,247	2,137	-	-	-	-
Change	-	174.14%	94.2%	-10.36%	34.92%	19.11%	-6.38%	21.87%	-38.2%	-44.59%	59.04%	4.64%	-11.93%	5.82%	15.42%	-5.11%	25.4%	-5.42%	-35.86%	4.83%	64.07%	-5.06%	10.71%	-4.91%	-	-	-	-
Charge d'intérêts ¹	-115	-120	-236	-145	-148	-138	-171	-127	-156	-140	-137	-151	-171	-96	-97	-89	-88	-72	-70	-70	-67	-67	-67	-	-	-	-	-
Earnings before Tax (EBT) ¹	217	723	1,469	1,398	1,928	2,360	1,973	2,713	1,599	867	1,536	1,538	1,268	1,472	1,728	1,674	2,030	1,963	1,240	1,291	1,873	1,997	2,390	1,775	2,132	2,607	2,871	2,835
Change	-	233.18%	103.18%	-4.83%	37.91%	22.41%	-16.4%	37.51%	-41.06%	-45.78%	77.16%	0.13%	-17.56%	16.09%	17.39%	-3.12%	21.27%	-3.3%	-36.83%	4.11%	45.05%	6.67%	19.68%	-25.76%	20.16%	22.25%	10.11%	-1.24%
Net income ¹	53	329	708	718	1,083	1,399	1,106	1,527	840	404	697	663	343	454	388	473	616	526	274	352	520.8	566.6	722.1	378	549	781.9	928.9	943.7
Change	-	520.75%	115.2%	1.41%	50.84%	29.18%	-20.94%	38.07%	-44.99%	-51.9%	72.52%	-4.88%	-48.27%	32.36%	-14.54%	21.91%	30.23%	-14.61%	-47.91%	28.47%	47.95%	8.8%	27.44%	-47.65%	45.23%	42.41%	18.8%	1.59%
Announcement Date	23/07/20	22/10/20	26/01/21	22/04/21	22/07/21	21/10/21	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	23/07/24	22/10/24	23/01/25	24/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Freeport-McMoRan Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	6,054	1,382	2,500	4,664	5,025	4,218	3,574	1,220
Change	-	-77.17%	80.9%	86.56%	7.74%	-16.06%	-15.27%	-65.86%
Announcement Date	26/01/21	26/01/22	25/01/23	24/01/24	23/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Freeport-McMoRan Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,961	2,115	3,469	4,824	4,808	4,709	4,294	4,034
Change	-	7.85%	64.02%	39.06%	-0.33%	-2.06%	-8.83%	-6.05%
Free Cash Flow (FCF) ¹	1,056	5,600	1,670	455	2,352	2,584	4,460	6,283
Change	-	430.3%	-70.18%	-72.75%	416.92%	9.85%	72.62%	40.88%
Announcement Date	26/01/21	26/01/22	25/01/23	24/01/24	23/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Freeport-McMoRan Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	27.93%	45.37%	39.75%	36.29%	35.77%	40.66%	43.2%	45.47%
EBIT Margin (%)	17.16%	36.62%	30.89%	27.24%	26.97%	30.49%	33.99%	35.76%
EBT Margin (%)	12.66%	33.53%	29.48%	26.28%	27.13%	29.09%	33.35%	36.04%
Net margin (%)	4.22%	18.85%	15.22%	8.09%	7.42%	8.23%	10.23%	12.1%
FCF margin (%)	7.44%	24.51%	7.33%	1.99%	9.24%	9.62%	15.4%	20.64%
FCF / Net Income (%)	176.29%	130.05%	48.15%	24.62%	124.51%	116.87%	150.42%	170.54%
Profitability
ROA	1.44%	9.55%	7%	4.29%	4%	5.35%	6.53%	9.38%
ROE	6.15%	38.4%	23.48%	13.77%	12.52%	12.85%	15.81%	17.11%
Financial Health
Leverage (Debt/EBITDA)	1.53x	0.13x	0.28x	0.56x	0.55x	0.39x	0.29x	0.09x
Debt / Free cash flow	5.73x	0.25x	1.5x	10.25x	2.14x	1.63x	0.8x	0.19x
Capital Intensity
CAPEX / Current Assets (%)	13.81%	9.26%	15.23%	21.11%	18.89%	17.53%	14.82%	13.25%
CAPEX / EBITDA (%)	49.46%	20.41%	38.31%	58.17%	52.81%	43.13%	34.3%	29.14%
CAPEX / FCF (%)	185.7%	37.77%	207.72%	1,060.22%	204.42%	182.26%	96.27%	64.2%
Items per share
Cash flow per share ¹	2.065	5.206	3.542	3.658	4.955	4.947	6.157	6.711
Change	-	152.09%	-31.97%	3.3%	35.44%	-0.15%	24.46%	8.99%
Dividend per Share ¹	-	0.375	0.6	0.6	0.6	0.6	0.5977	0.6056
Change	-	-	60%	0%	0%	0%	-0.38%	1.32%
Book Value Per Share ¹	6.964	9.433	10.87	11.63	12.23	13.34	15.22	18.21
Change	-	35.46%	15.26%	6.99%	5.17%	9.03%	14.13%	19.6%
EPS ¹	0.41	2.9	2.39	1.28	1.3	1.61	2.092	2.584
Change	-	607.32%	-17.59%	-46.44%	1.56%	23.83%	29.93%	23.54%
Nbr of stocks (in thousands)	1,452,868	1,468,474	1,429,327	1,433,977	1,436,928	1,436,200	1,436,200	1,436,200
Announcement Date	26/01/21	26/01/22	25/01/23	24/01/24	23/01/25	-	-	-