Freeport-McMoRan Inc
FCX
Market Cap$47.28B
Close$
Earnings Call Q4 2024
January 23, 2025 - AI Summary
Strong Financial Performance: For the fourth quarter of 2024, Freeport-McMoRan (FCX) reported EBITDA of $10 billion, a 14% increase from 2023, driven by solid operational execution and improved copper and gold prices. The average copper realization was $4.21 per pound, with gold at $2,400 per ounce.
Production and Cost Guidance: Freeport expects an 8% increase in U.S. production in 2025, with targeted lower cash costs (estimated at $1.60 per pound) compared to $1.56 per pound in 2024. However, production is expected to be lower in Q1 2025 due to mill maintenance, with an anticipated recovery as the year progresses.
Geopolitical Risks in Indonesia: The company is facing uncertainties regarding export regulations in Indonesia, especially after a fire incident at its smelter. A government amendment is awaited to allow continued exports beyond 2024. There's a risk of inventory build-up impacting production rate if approvals are delayed.
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$37.84
14.8% upside
Current Fair Value
14.8% upsideUndervalued by 14.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $47.28 Billion |
|---|---|
| Enterprise Value | $44.26 Billion |
| Dividend Yield | $0.45 (1.82370820668693%) |
| Earnings per Share | $1.31 |
| Beta | 1.71 |
| Outstanding Shares | 1,445,002,874 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 25.17 |
|---|---|
| PEG | 7.12 |
| Price to Sales | 2.53 |
| Price to Book Ratio | 1.73 |
| Enterprise Value to Revenue | 2.26 |
| Enterprise Value to EBIT | 6.52 |
| Enterprise Value to Net Income | 13 |
| Total Debt to Enterprise | 0.02 |
| Debt to Equity | 0.05 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Freeport-McMoRan Inc
12,800 employeesFCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is one o...