Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.
Highlights
The company's EPS has shrunk by 168% YoY but it rose by 15% QoQ
The net income has plunged by 164% YoY but it has grown by 16% from the previous quarter
The company's revenue fell by 19% YoY and by 3.7% QoQ
FCX's equity is down by 8% year-on-year
Key stats
What are the main financial stats of FCX
Market
Shares outstanding
1.45B
Market cap
$26.65B
Enterprise value
$35.1B
Valuations
Price to earnings (P/E)
N/A
Price to book (P/B)
2.98
Price to sales (P/S)
2.06
EV/EBIT
86.87
EV/EBITDA
19.33
EV/Sales
2.72
Earnings
Revenue
$12.92B
EBIT
$404M
EBITDA
$1.82B
Free cash flow
-$1.56B
Per share
EPS
-$0.46
Free cash flow per share
-$1.08
Book value per share
$6.17
Revenue per share
$8.89
TBVPS
$27.69
Balance sheet
Total assets
$40.23B
Total liabilities
$23.08B
Debt
$9.91B
Equity
$8.95B
Working capital
$4.25B
Liquidity
Debt to equity
1.11
Current ratio
2.46
Quick ratio
0.75
Net debt/EBITDA
4.65
Margins
EBITDA margin
14.1%
Gross margin
5.9%
Net margin
-4.9%
Operating margin
4.5%
Efficiency
Return on assets
-1.6%
Return on equity
-7%
Return on invested capital
0.9%
Return on capital employed
1.1%
Return on sales
3.1%
Dividend
Dividend yield
1.09%
DPS
$0.2
Payout ratio
N/A
FCX stock price
How has the Freeport-Mcmoran stock price performed over time
Financial performance
How have Freeport-Mcmoran's revenue and profit performed over time
Revenue
$12.92B
Gross profit
$767M
Operating income
$585M
Net income
-$636M
Gross margin
5.9%
Net margin
-4.9%
The net margin has plunged by 178% YoY but it has grown by 14% from the previous quarter
The net income has plunged by 164% YoY but it has grown by 16% from the previous quarter
FCX's operating margin has soared by 105% from the previous quarter but it has plunged by 64% YoY
Freeport-Mcmoran's operating income has soared by 97% from the previous quarter but it has plunged by 71% YoY
Growth
What is Freeport-Mcmoran's growth rate over time
Valuation
What is Freeport-Mcmoran stock price valuation
P/E
N/A
P/B
2.98
P/S
2.06
EV/EBIT
86.87
EV/EBITDA
19.33
EV/Sales
2.72
The company's EPS has shrunk by 168% YoY but it rose by 15% QoQ
The P/B is 86% above the last 4 quarters average of 1.6 and 30% above the 5-year quarterly average of 2.3
FCX's equity is down by 8% year-on-year
FCX's P/S is 87% above its 5-year quarterly average of 1.1 and 87% above its last 4 quarters average of 1.1
The company's revenue fell by 19% YoY and by 3.7% QoQ
Efficiency
How efficient is Freeport-Mcmoran business performance
Freeport-Mcmoran's ROE has plunged by 169% YoY but it has increased by 15% from the previous quarter
The ROA has plunged by 164% YoY but it has grown by 16% from the previous quarter
The return on invested capital has surged by 125% since the previous quarter but it has dropped by 80% year-on-year
The company's return on sales has surged by 121% QoQ but it has shrunk by 75% YoY
Dividends
What is FCX's dividend history
DPS
$0.2
Dividend yield
1.09%
Payout ratio
N/A
Recent dividends
Financial health
How did Freeport-Mcmoran financials performed over time
The total assets is 74% more than the total liabilities
FCX's quick ratio is down by 26% year-on-year but it is up by 12% since the previous quarter
FCX's current ratio is down by 8% year-on-year but it is up by 5% since the previous quarter
The debt is 11% more than the equity
Freeport-Mcmoran's debt to equity has increased by 9% YoY but it has decreased by 2.6% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.