(FCX) Freeport-McMoran Copper - Overview

Sector: Basic Materials | Industry: Copper | Exchange: NYSE (USA) | Market Cap: 98.717m USD | Total Return: 64.3% in 12m

Copper, Gold, Molybdenum, Silver
Total Rating 67
Safety 52
Buy Signal -0.41
Copper
Industry Rotation: -22.4
Market Cap: 98.7B
Avg Turnover: 945M
Risk 3d forecast
Volatility45.4%
VaR 5th Pctl7.92%
VaR vs Median5.86%
Reward TTM
Sharpe Ratio1.23
Rel. Str. IBD82.7
Rel. Str. Peer Group48.8
Character TTM
Beta1.649
Beta Downside1.725
Hurst Exponent0.549
Drawdowns 3y
Max DD46.34%
CAGR/Max DD0.49
CAGR/Mean DD1.47
EPS (Earnings per Share) EPS (Earnings per Share) of FCX over the last years for every Quarter: "2021-03": 0.51, "2021-06": 0.77, "2021-09": 0.89, "2021-12": 0.96, "2022-03": 1.07, "2022-06": 0.58, "2022-09": 0.26, "2022-12": 0.52, "2023-03": 0.52, "2023-06": 0.35, "2023-09": 0.39, "2023-12": 0.27, "2024-03": 0.32, "2024-06": 0.46, "2024-09": 0.38, "2024-12": 0.31, "2025-03": 0.24, "2025-06": 0.54, "2025-09": 0.5, "2025-12": 0.47, "2026-03": 0.57,
EPS CAGR: -0.46%
EPS Trend: 11.7%
Last SUE: 2.07
Qual. Beats: 4
Revenue Revenue of FCX over the last years for every Quarter: 2021-03: 4647, 2021-06: 5587, 2021-09: 6189, 2021-12: 5934, 2022-03: 6367, 2022-06: 6181, 2022-09: 5359, 2022-12: 5445, 2023-03: 5108, 2023-06: 5932, 2023-09: 5868, 2023-12: 5799, 2024-03: 6210, 2024-06: 6370, 2024-09: 6680, 2024-12: 5880, 2025-03: 5554, 2025-06: 7582, 2025-09: 6972, 2025-12: 5633, 2026-03: 6234,
Rev. CAGR: 0.23%
Rev. Trend: 48.4%
Last SUE: 0.86
Qual. Beats: 0

Warnings

Choppy

Tailwinds

No distinct edge detected

Description: FCX Freeport-McMoran Copper

Freeport-McMoRan Inc. (FCX) is a leading international mining company headquartered in Phoenix, Arizona, with significant operations across North America, South America, and Indonesia. The company focuses on the extraction of copper, gold, and molybdenum, maintaining a portfolio of large-scale, long-lived assets such as the Grasberg minerals district and the Morenci mine.

As a primary producer in the copper sector, the company’s revenue is heavily influenced by global industrial demand and the transition toward renewable energy technologies, which require high volumes of conductive metals. Unlike many diversified miners, Freeport-McMoRan’s business model is concentrated on industrial metals that are essential for electrical grids and electric vehicle manufacturing. Investors can further analyze these industrial trends and valuation metrics on ValueRay.

Headlines to Watch Out For
  • Global electrification demand and supply deficits drive benchmark copper price volatility
  • Production volume and export permit stability at Grasberg minerals district in Indonesia
  • Input cost inflation for energy and labor impacts copper cash production margins
  • Regulatory and fiscal policy shifts in South American mining jurisdictions affect operations
  • Gold and molybdenum price fluctuations provide significant secondary revenue and margin support
Piotroski VR‑10 (Strict) 8.0
Net Income: 2.73b TTM > 0 and > 6% of Revenue
FCF/TA: 0.11 > 0.02 and ΔFCF/TA 7.77 > 1.0
NWC/Revenue: 30.98% < 20% (prev 32.10%; Δ -1.12% < -1%)
CFO/TA 0.10 > 3% & CFO 6.05b > Net Income 2.73b
Net Debt (6.38b) to EBITDA (9.59b): 0.67 < 3
Current Ratio: 2.39 > 1.5 & < 3
Outstanding Shares: last quarter (1.44b) vs 12m ago 0.0% < -2%
Gross Margin: 27.80% > 18% (prev 0.27%; Δ 2.75k% > 0.5%)
Asset Turnover: 46.00% > 50% (prev 43.70%; Δ 2.30% > 0%)
Interest Coverage Ratio: 17.68 > 6 (EBITDA TTM 9.59b / Interest Expense TTM 413.0m)
Altman Z'' 1.95
A: 0.14 (Total Current Assets 14.09b - Total Current Liabilities 5.91b) / Total Assets 58.84b
B: 0.03 (Retained Earnings 2.05b / Total Assets 58.84b)
C: 0.13 (EBIT TTM 7.30b / Avg Total Assets 57.43b)
D: 0.07 (Book Value of Equity 1.91b / Total Liabilities 27.33b)
Altman-Z'' Score: 1.95 = BBB
Beneish M -2.58
DSRI: 1.45 (Receivables 2.05b/1.31b, Revenue 26.42b/24.48b)
GMI: 0.98 (GM 27.80% / 27.36%)
AQI: 1.15 (AQ_t 0.06 / AQ_t-1 0.05)
SGI: 1.08 (Revenue 26.42b / 24.48b)
TATA: -0.06 (NI 2.73b - CFO 6.05b) / TA 58.84b)
Beneish M-Score: -2.58 (Cap -4..+1) = A
What is the price of FCX shares? As of May 18, 2026, the stock is trading at USD 63.01 with a total of 15,453,292 shares traded.
Over the past week, the price has changed by +2.21%, over one month by -10.25%, over three months by +3.37% and over the past year by +64.29%.
Is FCX a buy, sell or hold? Freeport-McMoran Copper has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FCX.
  • StrongBuy: 8
  • Buy: 5
  • Hold: 6
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the FCX price?
Analysts Target Price 67.5 7.2%
Freeport-McMoran Copper (FCX) - Fundamental Data Overview as of 14 May 2026
P/E Trailing = 36.3333
P/E Forward = 22.8311
P/S = 3.5023
P/B = 4.5436
P/EG = 4.1515
Revenue TTM = 26.42b USD
EBIT TTM = 7.30b USD
EBITDA TTM = 9.59b USD
Long Term Debt = 9.92b USD (from longTermDebt, last fiscal year)
Short Term Debt = 500.0m USD (from shortTermDebt, last quarter)
Debt = 10.40b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.38b USD (from netDebt column, last quarter)
Enterprise Value = 105.10b USD (98.72b + Debt 10.40b - CCE 4.02b)
Interest Coverage Ratio = 17.68 (Ebit TTM 7.30b / Interest Expense TTM 413.0m)
EV/FCF = 16.83x (Enterprise Value 105.10b / FCF TTM 6.25b)
FCF Yield = 5.94% (FCF TTM 6.25b / Enterprise Value 105.10b)
FCF Margin = 23.64% (FCF TTM 6.25b / Revenue TTM 26.42b)
Net Margin = 10.34% (Net Income TTM 2.73b / Revenue TTM 26.42b)
Gross Margin = 27.80% ((Revenue TTM 26.42b - Cost of Revenue TTM 19.08b) / Revenue TTM)
Gross Margin QoQ = 26.55% (prev 18.05%)
Tobins Q-Ratio = 1.79 (Enterprise Value 105.10b / Total Assets 58.84b)
Interest Expense / Debt = 1.10% (Interest Expense 114.0m / Debt 10.40b)
Taxrate = 32.10% (653.0m / 2.03b)
NOPAT = 4.96b (EBIT 7.30b * (1 - 32.10%))
Current Ratio = 2.39 (Total Current Assets 14.09b / Total Current Liabilities 5.91b)
Debt / Equity = 0.53 (Debt 10.40b / totalStockholderEquity, last quarter 19.50b)
Debt / EBITDA = 0.67 (Net Debt 6.38b / EBITDA 9.59b)
Debt / FCF = 1.02 (Net Debt 6.38b / FCF TTM 6.25b)
Total Stockholder Equity = 18.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.76% (Net Income 2.73b / Total Assets 58.84b)
RoE = 14.52% (Net Income TTM 2.73b / Total Stockholder Equity 18.82b)
RoCE = 25.39% (EBIT 7.30b / Capital Employed (Equity 18.82b + L.T.Debt 9.92b))
RoIC = 17.76% (NOPAT 4.96b / Invested Capital 27.91b)
WACC = 10.73% (E(98.72b)/V(109.12b) * Re(11.78%) + D(10.40b)/V(109.12b) * Rd(1.10%) * (1-Tc(0.32)))
Discount Rate = 11.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -39.44 | Cagr: 0.0%
[DCF] Terminal Value 73.21% ; FCFF base≈4.39b ; Y1≈5.41b ; Y5≈9.23b
[DCF] Fair Price = 65.79 (EV 100.96b - Net Debt 6.38b = Equity 94.58b / Shares 1.44b; r=10.73% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 11.65 | EPS CAGR: -0.46% | SUE: 2.07 | # QB: 4
Revenue Correlation: 48.43 | Revenue CAGR: 0.23% | SUE: 0.86 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.56 | Chg30d=-17.59% | Revisions=-9% | Analysts=11
EPS next Quarter (2026-09-30): EPS=0.73 | Chg30d=-28.06% | Revisions=-45% | Analysts=11
EPS current Year (2026-12-31): EPS=2.61 | Chg30d=-15.58% | Revisions=-41% | GrowthEPS=+47.5% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=3.70 | Chg30d=-1.49% | Revisions=-20% | GrowthEPS=+41.9% | GrowthRev=+19.8%
[Analyst] Revisions Ratio: -45%