Freeport-McMoRan Inc
FCX
Market Cap$71.95B
Close$
Earnings Call Q4 2023
January 24, 2024 - AI Summary
Freeport-McMoRan reported solid operating results for the fourth quarter and full year of 2023, with production levels in Indonesia reaching new records.
The company is making progress on its smelter projects in Indonesia, with the expansion of the existing smelter completed and the new greenfield smelter expected to be completed by the end of May 2024.
Copper markets have tightened, with inventories declining and demand growing. Supply disruptions have further reduced near-term supplies, leading to a deficit market in 2024 and setting up tight market conditions.
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$12.99
72.9% downside
Current Fair Value
72.9% downsideOvervalued by 72.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $71.95 Billion |
|---|---|
| Enterprise Value | $76.61 Billion |
| Dividend Yield | $0.5985 (1.19%) |
| Earnings per Share | $1.28 |
| Beta | 1.52 |
| Outstanding Shares | 1,434,409,010 |
| Avg 30 Day Volume | 16,335,584 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 39.06 |
|---|---|
| PEG | -89.57 |
| Price to Sales | 3.2 |
| Price to Book Ratio | 4.36 |
| Enterprise Value to Revenue | 3.35 |
| Enterprise Value to EBIT | 12.28 |
| Enterprise Value to Net Income | 41 |
| Total Debt to Enterprise | 0.12 |
| Debt to Equity | 0.56 |
Revenue Sources
No data
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...