Freeport-McMoRan Inc
FCX
Market Cap$65.78B
Close$
Earnings Call Q1 2025
April 24, 2025 - AI Summary
Strong Q1 Results and Positive Outlook: Freeport-McMoRan reported $1.9 billion in EBITDA for Q1 2025, aligned with expectations concerning copper and gold production. The company anticipates quarterly copper sales volumes to increase by approximately 20% for the balance of the year, with gold sales projected to grow nearly fourfold, leading to significant cash flow improvements.
Cost Reductions and Efficiency Improvements: Unit net cash costs are expected to be 30% lower in the remaining quarters of 2025 compared to Q1 levels, reflecting successful cost management initiatives. The autonomous haul truck initiative at the Baghdad operation aims to reduce labor needs and enhance efficiency, with a target average cost reduction to the $2.50 range by 2027.
Focus on Copper Demand and Price Stability: Despite facing tariff and macroeconomic pressures, the copper demand remains favorable due to its essential role in electrification and technology investments. Price forecasts indicate a strong market with anticipated tight supply, suggesting potential price support and volume growth for Freeport-McMoRan.
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$37.35
17.2% downside
Current Fair Value
17.2% downsideOvervalued by 17.2% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $65.78 Billion |
|---|---|
| Enterprise Value | $70.34 Billion |
| Dividend Yield | $0.45 (1.31004366812227%) |
| Earnings per Share | $1.31 |
| Beta | 1.63 |
| Outstanding Shares | 1,444,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 37.41 |
|---|---|
| PEG | -146.23 |
| Price to Sales | 3.47 |
| Price to Book Ratio | 2.26 |
| Enterprise Value to Revenue | 3.67 |
| Enterprise Value to EBIT | 10.63 |
| Enterprise Value to Net Income | 21 |
| Total Debt to Enterprise | 0.13 |
| Debt to Equity | 0.53 |
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...