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Freeport-McMoRan Inc Stock Research

FCX

38.38USD+0.54(+1.43%)Delayedas of 23 Mar 2023, 01:26 pm

Market Summary

USD38.38+0.54
Delayedas of 23 Mar 2023, 01:26 pm
1.43%

FCX Alerts

FCX Stock Price

FCX RSI Chart

FCX Valuation

Market Cap

54.9B

Price/Earnings (Trailing)

12.26

Price/Sales (Trailing)

2.41

EV/EBITDA

5.72

Price/Free Cashflow

10.69

FCX Price/Sales (Trailing)

FCX Profitability

Operating Margin

33.76%

EBT Margin

29.48%

Return on Equity

28.79%

Return on Assets

8.77%

Free Cashflow Yield

9.36%

FCX Fundamentals

FCX Revenue

Revenue (TTM)

22.8B

Revenue Y/Y

-6.59%

Revenue Q/Q

15.09%

FCX Earnings

Earnings (TTM)

4.5B

Earnings Y/Y

-28.06%

Earnings Q/Q

74.46%

Price Action

52 Week Range

24.6751.27
(Low)(High)

Last 7 days

-12.4%

Last 30 days

-15.7%

Last 90 days

-6.9%

Trailing 12 Months

-18.7%

FCX Financial Health

Current Ratio

2.46

Debt/Equity

0.74

Debt/Cashflow

0.68

FCX Investor Care

Dividend Yield

0.52%

Dividend/Share (TTM)

0.15

Buy Backs (1Y)

2.59%

Diluted EPS (TTM)

2.63

Peers (Alternatives to Freeport-McMoRan)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.9B
22.8B
-15.67% -18.67%
12.26
2.41
-0.28% -16.51%
53.0B
10.0B
-7.68% 4.39%
20
5.27
-8.10% -22.37%
37.7B
41.5B
-13.60% 7.71%
4.95
0.91
13.78% 11.42%
36.3B
11.9B
-4.53% -36.64%
-84.62
3.05
-2.51% -136.79%
18.4B
22.3B
-17.78% 40.45%
4.74
0.83
20.92% 19.49%
MID-CAP
9.0B
23.0B
-12.18% -30.31%
6.57
0.39
37.87% -4.59%
7.2B
12.5B
-17.06% -45.71%
-58.56
0.58
2.46% -128.67%
4.9B
21.1B
-13.46% -23.24%
1.42
0.22
3.90% -39.53%
3.0B
718.9M
-2.33% -18.51%
-80.03
4.16
-10.97% -206.42%
SMALL-CAP
1.9B
-
-7.13% -29.11%
-35.04
-
- -31.59%
863.4M
785.6M
-10.15% -30.32%
-11.05
1.1
-5.67% -149.37%
107.4M
551.2K
-6.17% -44.06%
-35.32
194.9
-10.00% 49.14%
78.8M
998.0K
-13.23% -47.95%
-3.25
78.91
22.00% -11.99%
45.0M
140.0K
9.32% -10.05%
-12.06
321.48
-9.82% -53.52%
14.7M
283.1K
-6.42% -62.02%
-2.26
51.91
2019.51% 12.40%

Financials for Freeport-McMoRan

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-1.8%22,78023,18624,26624,59822,845
Cost Of Revenue2.0%15,08914,78914,44114,46314,030
  S&GA Expenses3.2%420407411398383
Costs and Expenses2.4%15,74315,37414,95414,95514,479
EBITDA-5.3%8,1748,63010,14510,458-
EBITDA Margin-3.6%0.36*0.37*0.42*0.43*-
Earnings Before Taxes-6.1%6,7157,1528,6458,9747,659
EBT Margin-4.4%0.29*0.31*0.36*0.36*-
Interest Expenses5.7%-560-594-592-584-602
Net Income-7.8%4,4794,8606,0236,3165,365
Net Income Margin-6.2%0.20*0.21*0.25*0.26*-
Free Cahsflow-19.1%5,1396,3507,5578,331-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.3%51,09349,92750,11348,83248,022
  Current Assets1.6%15,61315,37316,18215,30214,830
    Cash Equivalents-5.0%8,1468,5789,4928,3388,068
  Net PPE2.6%32,62731,81431,20030,70830,345
Liabilities1.8%26,22225,74626,06624,79025,003
  Current Liabilities5.8%6,3455,9995,9326,4545,892
    LT Debt, Current0.5%1,0371,0321,0381,365372
    LT Debt, Non Current-0.8%9,5839,65810,0548,2569,078
Shareholder's Equity4.0%15,55514,95424,04724,04213,980
  Retained Earnings15.1%-3,907-4,604-5,008-5,848-7,375
  Additional Paid-In Capital-0.6%25,32225,48325,66125,83525,875
Shares Outstanding-1.1%1,4311,4471,455--
Minority Interest1.0%9,3169,2279,1589,1769,039
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-19.1%5,1396,3507,5578,3317,715
  Share Based Compensation1.1%95.0094.0010410698.00
Cashflow From Investing-10.5%-3,440-3,114-2,661-2,310-1,964
Cashflow From Financing30.4%-1,623-2,331-1,720-2,268-1,340
  Dividend Payments13.5%866763658551331
  Buy Backs-26.6%1,3471,8351,6731,029488

Risks for FCX

What is the probability of a big loss on FCX?

93.8%


Probability that Freeport-McMoRan stock will be more than 20% underwater in next one year

68.1%


Probability that Freeport-McMoRan stock will be more than 30% underwater in next one year.

48.9%


Probability that Freeport-McMoRan stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FCX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Freeport-McMoRan was unfortunately bought at previous high price.

Drawdowns

Returns for FCX

Cumulative Returns on FCX

2.4%


10-Year Cumulative Returns

20.4%


7-Year Cumulative Returns

15.4%


5-Year Cumulative Returns

69.0%


3-Year Cumulative Returns

What are the long-term rolling returns for FCX?

FIve years rolling returns for Freeport-McMoRan.

Annualized Returns

Which funds bought or sold FCX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-16.03
280,874
1,961,870
0.06%
2023-03-13
Claro Advisors LLC
new
-
216,951
216,951
0.07%
2023-03-10
MATHER GROUP, LLC.
added
75.63
394,193
667,193
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
5.36
26,194,500
82,526,500
0.09%
2023-03-06
OLD MISSION CAPITAL LLC
new
-
290,776
290,776
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
17.37
2,780,000
7,177,000
0.04%
2023-03-03
Crumly & Associates Inc.
reduced
-35.26
-31,796
287,204
0.11%
2023-03-03
TIAA, FSB
added
6.39
99,814
309,814
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-61.87
-292,699
330,301
0.19%
2023-03-01
Lakewood Asset Management LLC
new
-
247,000
247,000
0.20%

1–10 of 46

Latest Funds Activity

Are funds buying FCX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FCX
No. of Funds

Freeport-McMoRan News

MarketBeat

Global Wealth Strategies & Associates Buys New Shares in Freeport ....

MarketBeat,
3 hours ago

Investing.com India

Nasdaq

Investing.com

Yahoo Finance

Investopedia

Investor's Business Daily

Schedule 13G FIlings of Freeport-McMoRan

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital research global investors
5.6%
80,587,216
SC 13G/A
Feb 09, 2023
vanguard group inc
8.20%
117,165,294
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Jan 31, 2023
blackrock inc.
7.9%
112,563,523
SC 13G/A
Mar 11, 2022
blackrock inc.
7.5%
109,683,594
SC 13G/A
Feb 11, 2022
capital research global investors
5.0%
73,817,050
SC 13G
Feb 09, 2022
fmr llc
-
0
SC 13G
Feb 09, 2022
vanguard group inc
7.81%
114,741,622
SC 13G/A
Feb 08, 2022
blackrock inc.
7.5%
109,683,594
SC 13G
Feb 16, 2021
capital research global investors
4.0%
58,133,772
SC 13G/A

FCX Fair Value

Freeport-McMoRan fair value in different scenarios

The table shows the Fair Value estimates for Freeport-McMoRan for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

38.15

-0.60%

52.60

37.05%

81.62

112.66%

121.33

216.13%

148.45

286.79%
Current Inflation

25.15

-34.47%

31.96

-16.73%

49.17

28.11%

79.59

107.37%

101.89

165.48%
Very High Inflation

33.57

-12.53%

43.03

12.12%

62.98

64.10%

90.59

136.03%

108.67

183.14%

Historical Freeport-McMoRan Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Freeport-McMoRan

View All Filings
Date Filed Form Type Document
Mar 14, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 15, 2023
10-K
Annual Report
Feb 13, 2023
8-K
Current Report

Latest Insider Trading transactions for FCX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-11
ADKERSON RICHARD C
gifted
-
-
-13,110
chairman of the board & ceo
2023-03-01
Mikes Ellie L.
sold
-504,117
43.1681
-11,678
chief accounting officer
2023-03-01
Mikes Ellie L.
acquired
117,781
14.7227
8,000
chief accounting officer
2023-02-15
Currault Douglas N. II
acquired
-
-
5,000
senior vp & general counsel
2023-02-15
Currault Douglas N. II
back to issuer
-214,900
42.98
-5,000
senior vp & general counsel
2023-02-15
Robertson Maree E.
sold (taxes)
-312,722
42.98
-7,276
svp & cfo
2023-02-15
Mikes Ellie L.
sold (taxes)
114,112
42.98
2,655
chief accounting officer
2023-02-15
QUIRK KATHLEEN L
sold (taxes)
-1,072,440
42.98
-24,952
president
2023-02-15
Higgins Stephen T.
sold (taxes)
-222,894
42.98
-5,186
senior vp & cao
2023-02-15
Higgins Stephen T.
back to issuer
-214,900
42.98
-5,000
senior vp & cao

1–10 of 50

Richard C. Adkerson
24700
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. As of December 31, 2021, it operated approximately 135 wells. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.

FCX Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenues$ 22,780$ 22,845$ 14,198
Cost of sales:   
Production and delivery13,04112,01610,031
Depreciation, depletion and amortization2,0191,9981,528
Metals inventory adjustments291696
Total cost of sales15,08914,03011,655
Selling, general and administrative expenses420383370
Exploration Expense1155550
Environmental obligations and shutdown costs12191159
Net gain on sales of assets(2)(80)(473)
Total costs and expenses15,74314,47911,761
Operating income7,0378,3662,437
Interest expense, net(560)(602)(598)
Net gain (loss) on early extinguishment of debt310(101)
Other income (expense), net207(105)59
Income from continuing operations before income taxes and equity in affiliated companies’ net earnings6,7157,6591,797
Provision for (benefit from) income taxes(2,267)(2,299)(944)
Equity in affiliated companies’ net earnings31512
Net income4,4795,365865
Net income attributable to noncontrolling interests(1,011)(1,059)(266)
Net income attributable to common stockholders$ 3,468$ 4,306$ 599
Net income per share attributable to common stockholders:   
Income (Loss) from Continuing Operations, Per Basic Share$ 2.40$ 2.93$ 0.41
Income (Loss) from Continuing Operations, Per Diluted Share$ 2.39$ 2.90$ 0.41
Weighted-average common shares outstanding:   
Weighted Average Number of Shares Outstanding, Basic1,4411,4661,453
Weighted Average Number of Shares Outstanding, Diluted1,4511,4821,461
Dividends declared per share of common stock (in dollars per share)$ 0.60$ 0.375$ 0

FCX Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 8,146$ 8,068
Trade accounts receivable1,3361,168
Income and other tax receivables459574
Inventories:  
Total materials and supplies, net1,9641,669
Mill and leach stockpiles1,3831,170
Product1,8331,658
Other current assets492523
Total current assets15,61314,830
Property, plant, equipment and mine development costs, net32,62730,345
Long-term mill and leach stockpiles1,2521,387
Other assets1,6011,460
Total assets51,09348,022
Current liabilities:  
Accounts payable and accrued liabilities4,0273,495
Current portion of debt1,037372
Accrued income taxes7441,541
Current portion of environmental and asset retirement obligations320264
Dividends payable217220
Total current liabilities6,3455,892
Long-term debt, less current portion9,5839,078
Environmental and asset retirement obligations, less current portion4,4634,116
Deferred income taxes4,2694,234
Other liabilities1,5621,683
Total liabilities26,22225,003
Stockholders’ equity:  
Common stock, par value $0.10, 1,613 shares and 1,603 shares issued, respectively161160
Capital in excess of par value25,32225,875
Accumulated deficit(3,907)(7,375)
Accumulated other comprehensive loss(320)(388)
Common stock held in treasury - 183 shares and 146 shares, respectively, at cost(5,701)(4,292)
Total stockholders’ equity15,55513,980
Noncontrolling interests9,3169,039
Total equity24,87123,019
Total liabilities and equity$ 51,093$ 48,022