FCX - Freeport-McMoRan Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$53.67
DETAILS
HIGH:
$68.00
LOW:
$46.00
MEDIAN:
$50.00
CONSENSUS:
$53.67
DOWNSIDE:
8.58%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 25,455.0 | 22,707.0 | 23,334.0 | 22,357.0 | 13,872.0 | 14,356.0 | 18,967.0 | 15,858.0 | 14,598.0 | 14,960.0 |
| Cost of Revenue | 17,952.0 | 15,826.0 | 15,241.0 | 14,070.0 | 11,466.0 | 13,168.0 | 13,226.0 | 11,761.0 | 13,316.0 | 14,363.0 |
| Gross Profit | 7,503.0 | 6,881.0 | 8,093.0 | 8,287.0 | 2,406.0 | 1,188.0 | 5,741.0 | 4,097.0 | 1,282.0 | 597.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 513.0 | 479.0 | 420.0 | 383.0 | 354.0 | 414.0 | 443.0 | 472.0 | 522.0 | 558.0 |
| Other Expenses | 127.0 | 319.0 | 121.0 | 91.0 | 159.0 | 105.0 | 89.0 | 244.0 | 20.0 | 78.0 |
| Operating Expenses | 640.0 | 798.0 | 541.0 | 474.0 | 513.0 | 519.0 | 532.0 | 716.0 | 542.0 | 636.0 |
| Operating Income | ||||||||||
| Operating Income | 6,864.0 | 6,083.0 | 7,552.0 | 7,813.0 | 1,893.0 | 669.0 | 5,209.0 | 3,381.0 | 740.0 | (39.0) |
| Interest Expense | 319.0 | 515.0 | 560.0 | 602.0 | 598.0 | 532.0 | 575.0 | 656.0 | 755.0 | 617.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 9,467.0 | 8,589.0 | 9,294.0 | 10,259.0 | 3,923.0 | 2,250.0 | 6,221.0 | 5,272.0 | (187.0) | (10,271.0) |
| EBIT | 7,226.0 | 6,521.0 | 7,275.0 | 8,261.0 | 2,395.0 | 838.0 | 4,467.0 | 3,558.0 | (2,717.0) | (13,511.0) |
| Income Before Tax | 6,922.0 | 6,021.0 | 6,746.0 | 7,664.0 | 1,809.0 | 318.0 | 3,900.0 | 2,912.0 | (3,461.0) | (14,131.0) |
| Income Tax Expense | 2,523.0 | 2,270.0 | 2,267.0 | 2,299.0 | 944.0 | 510.0 | 991.0 | 883.0 | 371.0 | (1,951.0) |
| Net Income | 1,883.0 | 1,842.0 | 3,461.0 | 4,299.0 | 596.0 | (245.0) | 2,613.0 | 1,756.0 | (3,959.0) | (12,239.0) |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.31 | 1.28 | 2.40 | 2.93 | 0.41 | -0.17 | 1.80 | 1.21 | -3.00 | -11.31 |
| EPS (Diluted) | 1.30 | 1.28 | 2.39 | 2.90 | 0.41 | -0.17 | 1.79 | 1.21 | -3.00 | -11.31 |
| Shares Outstanding | 1,445.0 | 1,434.0 | 1,441.0 | 1,466.0 | 1,453.0 | 1,451.0 | 1,449.0 | 1,447.0 | 1,317.9 | 1,082.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 3,923.0 | 4,758.0 | 8,146.0 | 8,068.0 | 3,657.0 | 2,020.0 | 4,217.0 | 4,526.0 | 4,245.0 | 177.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 1,142.0 | 1,664.0 | 1,795.0 | 1,742.0 | 1,412.0 | 1,167.0 | 1,322.0 | 1,665.0 | 1,215.0 | 689.0 |
| Inventory | 6,808.0 | 6,060.0 | 5,180.0 | 4,497.0 | 3,893.0 | 3,958.0 | 4,759.0 | 3,893.0 | 3,642.0 | 4,788.0 |
| Other Current Assets | 1,423.0 | 1,583.0 | 492.0 | 523.0 | 341.0 | 655.0 | 422.0 | 577.0 | 543.0 | 2,537.0 |
| Total Current Assets | 13,296.0 | 14,065.0 | 15,613.0 | 14,830.0 | 9,303.0 | 7,800.0 | 10,720.0 | 10,779.0 | 10,435.0 | 7,462.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 38,514.0 | 35,295.0 | 32,627.0 | 30,345.0 | 29,818.0 | 29,584.0 | 28,482.0 | 22,844.0 | 23,293.0 | 34,602.0 |
| Goodwill | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Intangible Assets | 428.0 | 422.0 | 416.0 | 412.0 | 401.0 | 402.0 | 398.0 | 306.0 | 305.0 | 316.0 |
| Long-Term Investments | 456.0 | 207.0 | 262.0 | 232.0 | 295.0 | 303.0 | 316.0 | 262.0 | 303.0 | 339.0 |
| Other Non-Current Assets | 2,154.0 | 2,517.0 | (2,094.0) | 2,847.0 | 3,023.0 | 3,425.0 | (1,260.0) | (511.0) | (787.0) | (431.0) |
| Total Non-Current Assets | 41,552.0 | 38,441.0 | 35,480.0 | 33,192.0 | 32,841.0 | 33,009.0 | 31,968.0 | 26,523.0 | 26,882.0 | 39,115.0 |
| Total Assets | 54,848.0 | 52,506.0 | 51,093.0 | 48,022.0 | 42,144.0 | 40,809.0 | 42,688.0 | 37,302.0 | 37,317.0 | 46,577.0 |
| Current Liabilities | ||||||||||
| Account Payables | 2,789.0 | 2,466.0 | 2,701.0 | 2,035.0 | 1,473.0 | 1,654.0 | 1,661.0 | 1,546.0 | 1,540.0 | 2,251.0 |
| Short-Term Debt | 41.0 | 850.0 | 1,037.0 | 372.0 | 34.0 | 5.0 | 17.0 | 1,414.0 | 1,232.0 | 649.0 |
| Deferred Revenue | 91.0 | 161.0 | 76.0 | 191.0 | 65.0 | 12.0 | 35.0 | 91.0 | 82.0 | 41.0 |
| Other Current Liabilities | 1,129.0 | 1,080.0 | 463.0 | 454.0 | 442.0 | 505.0 | 1,100.0 | 925.0 | 961.0 | 920.0 |
| Total Current Liabilities | 5,496.0 | 5,815.0 | 6,345.0 | 5,892.0 | 3,417.0 | 3,209.0 | 3,319.0 | 5,038.0 | 4,265.0 | 4,307.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 8,907.0 | 8,656.0 | 9,583.0 | 9,078.0 | 9,677.0 | 9,821.0 | 11,124.0 | 11,815.0 | 14,795.0 | 19,675.0 |
| Deferred Tax Liabilities | 4,376.0 | 4,453.0 | 4,269.0 | 4,234.0 | 4,408.0 | 4,210.0 | 4,869.0 | 3,622.0 | 3,768.0 | 4,288.0 |
| Other Non-Current Liabilities | 6,599.0 | 5,925.0 | 5,731.0 | 5,518.0 | 5,784.0 | 5,917.0 | 9,871.0 | 9,277.0 | 5,232.0 | 9,787.0 |
| Total Non-Current Liabilities | 20,574.0 | 19,381.0 | 19,877.0 | 19,111.0 | 20,059.0 | 20,152.0 | 21,876.0 | 20,968.0 | 23,795.0 | 29,462.0 |
| Total Liabilities | 26,070.0 | 25,196.0 | 26,222.0 | 25,003.0 | 23,476.0 | 23,361.0 | 25,195.0 | 26,006.0 | 28,060.0 | 33,769.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 162.0 | 162.0 | 161.0 | 160.0 | 159.0 | 158.0 | 158.0 | 158.0 | 157.0 | 137.0 |
| Retained Earnings | (170.0) | (2,059.0) | (3,907.0) | (7,375.0) | (11,680.0) | (12,280.0) | (12,386.0) | (14,722.0) | (16,540.0) | (12,387.0) |
| Accumulated Other Comprehensive Income | (314.0) | (274.0) | (320.0) | (388.0) | (583.0) | (676.0) | (605.0) | (487.0) | (548.0) | (503.0) |
| Total Stockholders' Equity | 17,581.0 | 16,693.0 | 15,555.0 | 13,980.0 | 10,174.0 | 9,298.0 | 9,603.0 | 7,977.0 | 6,051.0 | 7,828.0 |
| Total Liabilities & Equity | 54,848.0 | 52,506.0 | 51,093.0 | 48,022.0 | 42,144.0 | 40,809.0 | 42,688.0 | 37,302.0 | 37,317.0 | 46,577.0 |
| Debt Metrics | ||||||||||
| Total Debt | 9,738.0 | 9,853.0 | 10,952.0 | 9,769.0 | 9,939.0 | 10,074.0 | 11,141.0 | 13,117.0 | 16,027.0 | 20,428.0 |
| Net Debt | 5,815.0 | 5,095.0 | 2,806.0 | 1,701.0 | 6,282.0 | 8,054.0 | 6,924.0 | 8,670.0 | 11,782.0 | 20,204.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 4,399.0 | 1,848.0 | 4,479.0 | 5,365.0 | 865.0 | (192.0) | 2,526.0 | 2,038.0 | (3,827.0) | (12,089.0) |
| Depreciation & Amortization | 2,241.0 | 2,068.0 | 2,019.0 | 1,922.0 | 1,224.0 | 1,170.0 | 1,754.0 | 1,732.0 | 6,421.0 | 16,771.0 |
| Stock-Based Compensation | 109.0 | 109.0 | 95.0 | 98.0 | 99.0 | 63.0 | 76.0 | 71.0 | 86.0 | 85.0 |
| Change in Working Capital | (29.0) | (880.0) | (1,528.0) | 755.0 | 665.0 | 349.0 | (460.0) | 813.0 | 67.0 | 161.0 |
| Other Non-Cash Items | 516.0 | 1,952.0 | 38.0 | (254.0) | 2.0 | 33.0 | 145.0 | 2,077.0 | 7,164.0 | 17,102.0 |
| Operating Cash Flow | 7,160.0 | 5,279.0 | 5,139.0 | 7,715.0 | 3,017.0 | 1,482.0 | 3,863.0 | 4,682.0 | 3,729.0 | 3,220.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (4,808.0) | (4,824.0) | (3,469.0) | (2,115.0) | (1,961.0) | (2,652.0) | (2,068.0) | (1,410.0) | (2,813.0) | (6,353.0) |
| Acquisitions | (210.0) | 0.0 | 189.0 | (33.0) | 706.0 | 452.0 | (3,043.0) | 0.0 | 3,660.0 | 0.0 |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | (10.0) | (132.0) | (160.0) | 184.0 | (9.0) | 97.0 | 93.0 | (1,363.0) | (110.0) | (6,246.0) |
| Investing Cash Flow | (5,028.0) | (4,956.0) | (3,440.0) | (1,964.0) | (1,264.0) | (2,103.0) | (5,018.0) | (1,363.0) | 3,550.0 | (6,246.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (521.0) | (1,202.0) | 1,171.0 | (260.0) | (193.0) | (1,318.0) | (2,085.0) | (2,857.0) | (3,944.0) | 1,595.0 |
| Stock Repurchased | (59.0) | 0.0 | (1,347.0) | (488.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Dividends Paid | (865.0) | (863.0) | (866.0) | (331.0) | (73.0) | (291.0) | (218.0) | (2.0) | (6.0) | (605.0) |
| Other Financing Activities | (1,839.0) | (585.0) | (581.0) | (261.0) | 138.0 | 53.0 | (297.0) | (196.0) | (731.0) | (140.0) |
| Financing Cash Flow | (3,284.0) | (2,650.0) | (1,623.0) | (1,340.0) | (128.0) | (1,556.0) | 900.0 | (3,055.0) | (3,166.0) | 2,786.0 |
| Cash Position | ||||||||||
| Net Change in Cash | (1,152.0) | (2,327.0) | 76.0 | 4,411.0 | 1,625.0 | (2,177.0) | (255.0) | 202.0 | 4,068.0 | (240.0) |
| Cash at Beginning | 6,063.0 | 8,390.0 | 8,314.0 | 3,903.0 | 2,278.0 | 4,455.0 | 4,710.0 | 4,245.0 | 177.0 | 464.0 |
| Cash at End | 4,911.0 | 6,063.0 | 8,390.0 | 8,314.0 | 3,903.0 | 2,278.0 | 4,455.0 | 4,447.0 | 4,245.0 | 224.0 |
| Free Cash Flow | 2,352.0 | 455.0 | 1,670.0 | 5,600.0 | 1,056.0 | (1,170.0) | 1,795.0 | 3,272.0 | 916.0 | (3,133.0) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 25,455.0 | 22,707.0 | 23,334.0 | 22,357.0 | 13,872.0 | 14,356.0 | 18,967.0 | 15,858.0 | 14,598.0 | 14,960.0 |
| Gross Profit | 7,503.0 | 6,881.0 | 8,093.0 | 8,287.0 | 2,406.0 | 1,188.0 | 5,741.0 | 4,097.0 | 1,282.0 | 597.0 |
| Operating Income | 6,864.0 | 6,083.0 | 7,552.0 | 7,813.0 | 1,893.0 | 669.0 | 5,209.0 | 3,381.0 | 740.0 | (39.0) |
| Net Income | 1,883.0 | 1,842.0 | 3,461.0 | 4,299.0 | 596.0 | (245.0) | 2,613.0 | 1,756.0 | (3,959.0) | (12,239.0) |
| EPS (Diluted) | 1.30 | 1.28 | 2.39 | 2.90 | 0.41 | -0.17 | 1.79 | 1.21 | -3.00 | -11.31 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 3,923.0 | 4,758.0 | 8,146.0 | 8,068.0 | 3,657.0 | 2,020.0 | 4,217.0 | 4,526.0 | 4,245.0 | 177.0 |
| Total Assets | 54,848.0 | 52,506.0 | 51,093.0 | 48,022.0 | 42,144.0 | 40,809.0 | 42,688.0 | 37,302.0 | 37,317.0 | 46,577.0 |
| Total Debt | 9,738.0 | 9,853.0 | 10,952.0 | 9,769.0 | 9,939.0 | 10,074.0 | 11,141.0 | 13,117.0 | 16,027.0 | 20,428.0 |
| Stockholders' Equity | 17,581.0 | 16,693.0 | 15,555.0 | 13,980.0 | 10,174.0 | 9,298.0 | 9,603.0 | 7,977.0 | 6,051.0 | 7,828.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 7,160.0 | 5,279.0 | 5,139.0 | 7,715.0 | 3,017.0 | 1,482.0 | 3,863.0 | 4,682.0 | 3,729.0 | 3,220.0 |
| Capital Expenditure | (4,808.0) | (4,824.0) | (3,469.0) | (2,115.0) | (1,961.0) | (2,652.0) | (2,068.0) | (1,410.0) | (2,813.0) | (6,353.0) |
| Free Cash Flow | 2,352.0 | 455.0 | 1,670.0 | 5,600.0 | 1,056.0 | (1,170.0) | 1,795.0 | 3,272.0 | 916.0 | (3,133.0) |