Freeport-McMoRan Inc.

NYSE-FCX

Basic

Market Cap
$63.97B
EV
$79.4B
Shares Out
1,436.49M
Revenue
$24.67B
Employees
27,200

Margins

Gross
40.64%
EBITDA
37.63%
Operating
27.77%
Pre-Tax
28.01%
Net
7.83%
FCF
6.15%

Returns (5Yr Avg)

ROA
4.37%
ROTA
9.23%
ROE
9.19%
ROCE
11.87%
ROIC
8.6%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
$55.45
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
$5,273M
Net Debt
$4,153M
Debt/Equity
0.33
EBIT/Interest
18.52

Growth (CAGR)

Rev 3Yr
9.21%
Rev 5Yr
9.15%
Rev 10Yr
0.9%
Dil EPS 3Yr
-11.4%
Dil EPS 5Yr
14.28%
Dil EPS 10Yr
-5.7%
Rev Fwd 2Yr
9.67%
EBITDA Fwd 2Yr
20.9%
EPS Fwd 2Yr
23.58%
EPS LT Growth Est
12.68%

Dividends

Yield
—
Payout
44.73%
DPS
$0.6
DPS Growth 3Yr
58.74%
DPS Growth 5Yr
24.57%
DPS Growth 10Yr
-7.08%
DPS Growth Fwd 2Yr
—

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Impairment of Oil, Gas & Mineral Properties	—		—	—	—	—	—	—	—	67	67
Total Revenues						14,402	14,198	22,845	22,780	22,855	24,674
Total Revenues % Chg.						-22.7%	-1.4%	60.9%	-0.3%	0.3%	12.7%
Cost of Goods Sold, Total						11,713	10,127	11,940	13,070	13,627	14,647
Gross Profit						2,689	4,071	10,905	9,710	9,228	10,027
Selling General & Admin Expenses, Total						447	391	376	444	520	550
Exploration / Drilling Costs, Total						104	50	55	115	137	141
Depreciation & Amortization						1,412	1,528	1,998	2,019	2,068	2,211
Impairment of Oil, Gas & Mineral Properties	—		—	—	—	—	—	—	—	—	—
Other Operating Expenses						105	29	91	77	319	273
Other Operating Expenses, Total						2,068	1,998	2,520	2,655	3,044	3,175
Operating Income						621	2,073	8,385	7,055	6,184	6,852
Interest Expense, Total						-542	-563	-559	-555	-515	-370
Interest And Investment Income		—		—	—	—	—	—	—	—	—
Net Interest Expenses						-542	-563	-559	-555	-515	-370
Income (Loss) On Equity Invest.						12	12	5	31	15	7
Currency Exchange Gains (Loss)						24	34	66	9	20	20
Other Non Operating Income (Expenses)	—		—			-109	46	-178	146	307	393
EBT, Excl. Unusual Items						6	1,602	7,719	6,686	6,011	6,902
Restructuring Charges	—				—	—	—	—	—	—	—
Impairment of Goodwill		—	—	—	—	—	—	—	—	—	—
Gain (Loss) On Sale Of Assets						417	473	80	2	—	—
Asset Writedown				—	—	—	—	—	—	—	—
Insurance Settlements	—		—	—	—	—	—	—	—	—	—
Legal Settlements	—	—	—			-78	-165	-43	27	—	4
Other Unusual Items						-27	-101	-92	31	10	5
EBT, Incl. Unusual Items						318	1,809	7,664	6,746	6,021	6,911
Income Tax Expense						510	944	2,299	2,267	2,270	2,498
Earnings From Continuing Operations						-192	865	5,365	4,479	3,751	4,413
Earnings Of Discontinued Operations						3	—	—	—	—	—
Minority Interest						-50	-266	-1,059	-1,011	-1,903	-2,482
Net Income						-239	599	4,306	3,468	1,848	1,931
Preferred Dividend and Other Adjustments						3	3	7	7	6	6
Net Income to Common Incl Extra Items						-242	596	4,299	3,461	1,842	1,925
Net Income to Common Excl. Extra Items						-245	596	4,299	3,461	1,842	1,925
Total Shares Outstanding						1,451	1,458	1,457	1,430	1,435	1,440
Weighted Avg. Shares Outstanding						1,451	1,453	1,466	1,441	1,434	1,435
Weighted Avg. Shares Outstanding Dil						1,451	1,461	1,482	1,451	1,443	1,444
EPS						-0.2	0.4	2.9	2.4	1.3	1.3
EPS Diluted						-0.2	0.4	2.9	2.4	1.3	1.3
EBITDA						2,253	3,834	10,599	9,318	8,458	9,284
Effective Tax Rate						160.4%	52.2%	30%	33.6%	37.7%	36.1%