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FCX

36.99USD+0.80(+2.21%)Delayedas of 29 Nov 2022, 11:28 am

Freeport-McMoRan Inc

Market Summary

USD36.99+0.80Delayedas of 29 Nov 2022, 11:28 am
2.21%

FCX Alerts

FCX Stock Price

RSI Chart

Valuation

Market Cap

46.0B

Price/Earnings

7.64

Price/Sales

1.9

Price/Cashflow

6.09

MarketCap/EBT

5.32

Price/Sales

Profitability

Operating Margin

40.49%

EBT Margin

35.63%

Return on Equity

40.45%

Return on Assets

12.02%

Fundamentals

Revenue

Revenue (TTM)

23.2B

Revenue Y/Y

-17.75%

Revenue Q/Q

-7.63%

Earnings

Earnings (TTM)

6.0B

Earnings Y/Y

-22.01%

Earnings Q/Q

-45.48%

Price Action

52 Week Range

24.6751.27
(Low)(High)

Last 7 days

0.2%

Last 30 days

12.4%

Last 90 days

22.2%

Trailing 12 Months

-1.1%

Financial Health

Current Ratio

2.73

Debt/Equity

0.74

Debt/Cashflow

0.68

Investor Care

Dividend Yield

0.52%

Dividend/Share (TTM)

0.15

Buy Backs (1Y)

2.67%

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
46.0B
23.2B
12.39% -1.12%
7.64
1.9
9.49% 68.52%
36.4B
10.1B
23.49% 6.38%
12.43
3.44
-3.92% 4.47%
35.3B
43.2B
10.10% 31.04%
3.9
0.82
37.52% 72.87%
34.0B
12.1B
3.41% -18.76%
42.95
2.75
-0.88% -50.79%
16.7B
22.7B
8.95% 64.16%
3.77
0.73
44.88% 204.22%
MID-CAP
7.1B
13.1B
17.87% -2.45%
-59.21
0.54
17.17% -114.69%
6.9B
23.3B
12.12% -30.95%
2.84
0.3
34.21% 13.11%
4.9B
22.3B
24.56% 5.92%
1.42
0.22
29.82% 8.40%
2.5B
709.2M
3.85% -13.00%
1.7K
3.34
-12.59% -171.54%
SMALL-CAP
1.5B
-
17.97% -22.48%
-32.75
21.5
- -23.06%
1.1B
783.4M
-16.97% -44.50%
-7.95
1.33
-8.19% -1488.99%
84.1M
557.5K
4.55% -43.91%
-18.36
147.21
-7.40% 53.67%
82.0M
751.0K
-0.85% -68.16%
-3.59
109.15
-23.76% -59.20%
36.9M
140.0K
-1.75% 14.52%
-10.94
225.11
-34.73% -53.52%
14.8M
402.4K
7.09% -55.84%
-1.91
35.08
57.94% -21.08%

Financials for Freeport-McMoRan

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-4.5%23,18624,26624,59822,84521,176
Cost Of Revenue2.4%14,78914,44114,46314,03013,373
  S&GA Expenses-1.0%407411398383386
Earnings Before Taxes-17.3%7,1528,6458,9747,6597,155
Net Income-4.6%6,0236,3165,3654,865
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-0.4%49,92750,11348,83248,02246,917
  Current Assets-5.0%15,37316,18215,30214,83013,791
    Cash Equivalents-9.6%8,5789,4928,3388,0687,672
  Net PPE2.0%31,81431,20030,70830,34530,102
Liabilities-1.2%25,74626,06624,79025,00324,386
  Current Liabilities1.1%5,9995,9326,4545,8925,523
  Long Term Debt-3.6%10,69011,0929,6219,450-
    LT Debt, Current-0.6%1,0321,0381,365372897
    LT Debt, Non Current-3.9%9,65810,0548,2569,0788,768
Shareholder's Equity0.4%14,95414,88914,86613,98013,353
  Retained Earnings8.1%-4,604.00-5,008.00-5,848.00-7,375.00-8,481.00
  Additional Paid-In Capital-0.7%25,48325,66125,83525,87526,023
Shares Outstanding-0.5%1,4471,4551,469--
Minority Interest0.8%9,2279,1589,1769,0399,178
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-16.0%6,3507,5578,3317,7156,762
  Share Based Compensation-9.6%9410410698118
Cashflow From Investing-17.0%-3,114.00-2,661.00-2,310.00-1,964.00-1,062.00
Cashflow From Financing-35.5%-2,331.00-1,720.00-2,268.00-1,340.00-436.00
  Dividend Payments16.0%763658551331220
  Buy Backs9.7%1,8351,6731,0294880
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on FCX?

90.8%


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

63.9%


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

42.7%


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.

Returns

Cumulative Returns on FCX

1.2%


10-Year Cumulative Returns

24.7%


7-Year Cumulative Returns

22.2%


5-Year Cumulative Returns

48.4%


3-Year Cumulative Returns

What are the long-term rolling returns for FCX?

FIve years rolling returns for Freeport-McMoRan.

Which funds bought or sold FCX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
ADDED
5.84
-1,198
74,000
0.05%
2022-11-23
Toroso Investments, LLC
REDUCED
-3.46
-656,000
6,021,000
0.25%
2022-11-22
IHT Wealth Management, LLC
NEW
-
435,000
435,000
0.03%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
3,695,000
3,695,000
0.04%
2022-11-22
CVA Family Office, LLC
REDUCED
-77.35
-57,000
16,000
-%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
94.72
757,000
1,681,000
0.05%
2022-11-22
MFA Wealth Advisors, LLC
NEW
-
210,000
210,000
0.08%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.51
-5,854,000
67,230,000
0.11%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
17
866,000
10,191,000
0.02%
2022-11-21
FourThought Financial, LLC
REDUCED
-26.79
-2,000
6,000
-%

1–10 of 43

Latest Funds Activity

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

Freeport-McMoRan News

Nasdaq

Got $5000? 3 Top Materials Stocks to Buy for the Long Term.27 hours ago

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

3.14%

52.60

42.20%

81.62

120.65%

121.33

228.01%

148.45

301.32%

Current Inflation

36.15

-2.27%

48.29

30.55%

73.09

97.59%

107.18

189.75%

130.04

251.55%

Very High Inflation

33.57

-9.25%

43.03

16.33%

62.98

70.26%

90.59

144.90%

108.67

193.78%

Historical Freeport-McMoRan Fair Value Estimates


Recent SEC filings of Freeport-McMoRan

View All Filings
Date Filed Form Type Document
Nov 04, 2022
10-Q
Quarterly Report
Oct 25, 2022
8-K
Current Report
Oct 20, 2022
8-K
Current Report
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading
Sep 07, 2022
S-8 POS
Employee Benefits Plan
Aug 30, 2022
4
Insider Trading

Latest Insider Trading transactions for FCX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-29
Lance Ryan Michael
BOUGHT
988,314
31.8811
31,000
-
2022-08-03
Lewis Sara Grootwassink
BOUGHT
86,355
28.785
3,000
-
2022-07-01
GRANT HUGH
ACQUIRED
31,249.7
29.26
1,068
-
2022-07-01
STEPHENS JOHN JOSEPH
ACQUIRED
18,726.4
29.26
640
-
2022-06-01
GRANT HUGH
ACQUIRED
-
-
4,500
-
2022-06-01
Donadio Marcela E
ACQUIRED
-
-
4,500
-
2022-06-01
Lewis Sara Grootwassink
ACQUIRED
-
-
4,500
-
2022-06-01
STEPHENS JOHN JOSEPH
ACQUIRED
-
-
4,500
-
2022-06-01
ABNEY DAVID P
ACQUIRED
-
-
4,500
-
2022-06-01
Lance Ryan Michael
ACQUIRED
-
-
4,500
-

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

2022-09-30
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenues$ 5,003$ 6,083$ 17,022$ 16,681
Cost of sales:    
Production and delivery3,3663,0099,5198,862
Depreciation, depletion and amortization5085281,5041,430
Metals inventory adjustments25144315
Total cost of sales3,8993,55111,06610,307
Selling, general and administrative expenses98102313289
Mining exploration and research expenses38158736
Environmental obligations and shutdown costs6135151
Net gain on sales of assets0(60)(2)(63)
Total costs and expenses4,0413,62111,51510,620
Operating income9622,4625,5076,061
Interest expense, net(140)(138)(423)(431)
Gain200280
Other income, net25366756
Income before income taxes and equity in affiliated companies’ net earnings (losses)8672,3605,1795,686
Provision for income taxes(315)(628)(1,710)(1,674)
Equity in affiliated companies’ net earnings (losses)8(9)33(5)
Net income5601,7233,5024,007
Net income (loss) attributable to noncontrolling interests156324731807
Net income attributable to common stockholders$ 404$ 1,399$ 2,771$ 3,200
Earnings Per Share, Basic and Diluted [Abstract]    
Earnings per share, basic (in dollars per share)$ 0.28$ 0.95$ 1.91$ 2.18
Earnings per share, diluted (in dollars per share)$ 0.28$ 0.94$ 1.90$ 2.16
Basic weighted-average shares of common stock outstanding1,4311,4691,4441,466
Diluted weighted-average shares of common shares outstanding1,4391,4841,4551,481
Dividends declared per share of common stock (in dollars per share)$ 0.15$ 0.075$ 0.45$ 0.225

FCX Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 8,578$ 8,068
Trade accounts receivable8441,168
Income and other tax receivables485574
Inventories:  
Total materials and supplies, net1,8731,669
Mill and leach stockpiles1,3691,170
Product1,5771,658
Other current assets647523
Total current assets15,37314,830
Property, plant, equipment and mine development costs, net31,81430,345
Long-term mill and leach stockpiles1,1941,387
Other assets1,5461,460
Total assets49,92748,022
Current liabilities:  
Accounts payable and accrued liabilities3,9473,495
Long-term Debt, Current Maturities1,032372
Accrued income taxes4391,541
Environmental And Asset Retirement Obligations, Current365264
Dividends Payable, Current216220
Total current liabilities5,9995,892
Long-term debt, less current portion9,6589,078
Deferred Income Tax Liabilities, Net4,3164,234
Environmental and asset retirement obligations, less current portion4,2234,116
Other liabilities1,5501,683
Total liabilities25,74625,003
Stockholders’ equity:  
Common stock161160
Capital in excess of par value25,48325,875
Accumulated deficit(4,604)(7,375)
Accumulated other comprehensive loss(385)(388)
Common stock held in treasury(5,701)(4,292)
Total stockholders’ equity14,95413,980
Noncontrolling interests9,2279,039
Total equity24,18123,019
Total liabilities and equity$ 49,927$ 48,022