Freeport-McMoRan Inc

Freeport-McMoRan Inc

FCX

Market Cap$54.37B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Freeport-McMoRan IncFreeport-McMoRan Inc30.91.58%18%30.5

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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$45.50

Target Price by Analysts

15.3% upsideFreeport-McMoRan Target Price DetailsTarget Price
$37.98

Current Fair Value

3.8% downside

Overvalued by 3.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$54.37 Billion
Enterprise Value$58.93 Billion
Dividend Yield$0.45 (1.58478605388273%)
Earnings per Share$1.31
Beta1.65
Outstanding Shares1,444,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio30.92
PEG-120.88
Price to Sales3.04
Price to Book Ratio1.97
Enterprise Value to Revenue3.08
Enterprise Value to EBIT8.91
Enterprise Value to Net Income18
Total Debt to Enterprise0.16
Debt to Equity0.53

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Freeport-McMoRan Inc

12,800 employees

FCX 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...