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Freeport-McMoRan Inc (FCX)

合理估值
Basic MaterialsCopperUnited States

基本面

61

价格

$70.00

市值

$103.34B

第一部分 · 这家公司值多少

概览

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. The company was incorporated in 1987 and is headquartered in Phoenix, Arizona.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

P/E: 29.6Score: 77Market cap: $169.06B

The closest peer to Freeport: a large open-pit copper miner with molybdenum by-products in Peru, Mexico and the United States, selling concentrate and cathode to the same smelters and industrial buyers.

BHP Group LimitedBHP

The other producer disputing first place in world copper output, through Escondida in Chile and its Arizona mines, competing for the same customers and for the same tier-one copper deposits.

Codelco (Corporación Nacional del Cobre de Chile)Not tracked

The Chilean state copper company is among the three largest producers in the world and supplies the same refined copper and concentrate markets, even though it is not listed on any exchange.

Glencore plcGLEN

Mines copper in Chile, Peru, the Democratic Republic of the Congo and Australia and also trades the metal, so it competes with Freeport both at the mine and on the sale of concentrate.

First Quantum Minerals Ltd.FM

A copper-focused miner whose large assets in Zambia and Panama serve the same concentrate buyers, and which competes for the same emerging-market mining concessions.

Antofagasta plcANTO

A pure copper producer with four Chilean mines that, like Freeport, lives almost entirely off the copper price and sells to the same smelters and refiners.

资产负债表与流动性

营收

$25.26B

最近12个月(截至2026/6/30)

净利润

$4.96B

最近12个月(截至2026/6/30)

自由现金流

$1.12B

股东权益合计

$18.90B

负债合计

$27.40B

流动比率

2.07

利息覆盖率

16.25

债务/EBITDA

1.18

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

周期性合理估值

公允价值

$75.05

当前价格

$70.00

安全边际

+6.7%

公允价值区间

$61.04 - $89.07

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$72.45
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$39.35
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):$31.58
合理市净率(P/B):不适用于此类公司
股息折现模型(戈登模型):不适用于此类公司
P/FFO(运营资金):不适用于此类公司
周期中段收益:$86.90
市销率法(P/S):不适用于此类公司
分析师共识:买入 (24B / 5H / 1S)
最近财报超预期:+24.16%

估值指标

市盈率(P/E)

34.31

ROE

22.0%

市净率(P/B)

5.00

P/FCF

92.59

毛利率

25.3%

ROIC

10.3%

盈利能力雷达图

价值创造(经济护城河)

ROIC

10.3%

WACC

11.2%

ROIC − WACC

-0.8 pp

ROIC 与资本成本大致持平:公司仅仅覆盖了资本成本。

基本面分析标准

通过(19)

  • Price CAGR 18.35%
  • ROIC 10.3%
  • Debt/Equity ratio
  • Operating Margin 27.4%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 15.3%
  • Revenue Growth 5Y 12.8%
  • Analyst Consensus 80% Buy
  • Earnings Surprise avg 32.7%
  • PEG Ratio 1.16
  • Earnings Quality (OCF/NI) 1.19
  • Share Dilution -19.3%
  • Net Margin Trend 19.6% vs 13.7%
  • Piotroski F-Score 5/9

未通过(8)

  • EPS shows upward trend
  • EPS CAGR -8.49%
  • Gross Margin 25.3%
  • P/FCF 92.59
  • P/B Ratio 5.00
  • CapEx intensity
  • Price below Graham Number
  • DCF valuation (Overvalued)

不可用(1)

  • Dividend Payout NaN%

Piotroski F-评分

5/9

信号混杂:部分领域需关注

score
criteria

盈利质量

1.19

高质量:盈利有现金流支撑

股权稀释

-19.3%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Ms. Kathleen Lynne QuirkCEO, President & Director61
Ms. Maree E. RobertsonExecutive VP & CFO49
Mr. Stephen T. HigginsExecutive VP & Chief Administrative Officer67
Mr. Douglas N. Currault IIExecutive VP & General Counsel60
Ms. Ellie L. MikesVP & Chief Accounting Officer47
Mr. Bertrand L. Odinet IISenior VP, Chief Information Officer & Chief Innovation Officer-
Mr. David JointVice President of Investor Relations-
Ms. Pamela Q. MassonSenior VP & Chief Human Resources Officer,-
Mr. W. Russell KingSenior Vice President of International Relations & Federal Government Affairs75
Mr. A. Cory StevensSenior Vice President and President & COO of Freeport McMoRan Mining Services-

审计风险

4

董事会风险

5

薪酬风险

2

股东权利风险

6

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-13

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-06

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-09-08

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for FCX, sourced from Markets Gazette.

  • 4/23/2026NEGATIVE
    Freeport Shares Slide as Indonesian Mine Restart Faces Delay

    Freeport-McMoRan Inc. shares experienced a decline following the company's announcement of a delayed restart for its crucial Grasberg mine in Indonesia. The copper giant cited unforeseen challenges with specialized equipment required for operations post-mudslide, leading to a revised ramp-up schedule. This delay is projected to negatively impact future production volumes. Investors are closely monitoring the situation, as Grasberg is a cornerstone of Freeport's output and profitability, particularly in the current copper market.

  • 3/24/2026POSITIVE
    $1000 Invested In Freeport-McMoRan 10 Years Ago Would Be Worth This Much Today

    An investment of $1,000 in Freeport-McMoRan (FCX) ten years ago would have yielded a significant return by today's valuation. While the exact current value is not provided, the article implies substantial growth, driven by the company's position as a major copper and gold producer. Copper prices have seen considerable volatility and upward trends over the past decade, influenced by global demand for electrification and infrastructure projects. This performance suggests FCX has capitalized on these market dynamics, rewarding long-term shareholders.

  • 3/5/2026NEUTRAL
    What Does the Market Think About Freeport-McMoRan Inc?

    This news focuses on market sentiment analysis regarding Freeport-McMoRan Inc. (FCX), a major copper and gold producer. No specific financial data or corporate announcements are provided; instead, it centers on the general opinion of investors and analysts towards the stock. Without concrete details on earnings, acquisitions, or operational developments, the impact on the stock price remains uncertain. FCX's value is intrinsically linked to the prices of the commodities it produces, especially copper, and global macroeconomic dynamics. The lack of directional information makes this news neutral from a trading perspective.

  • 2/23/2026NEUTRAL
    Trump Tariffs and the Copper Outlook

    Speaking from the BMO Metals & Mining Conference, Kathleen Quirk, President and CEO of Freeport-McMoRan, provided a strategic overview of the challenges and opportunities in the copper sector. Her discussion focused on three key themes: the potential impact of President Trump's tariffs, the future dynamics of global copper supply, and the outlook for merger and acquisition (M&A) deals within the mining industry. The CEO's comments do not outline an immediate, defined impact but rather a complex picture of geopolitical and economic variables. For investors, these statements serve as a crucial reminder of the uncertainties facing the commodities sector, where trade policies and global supply chain stability play as critical a role as the physical supply and demand for the metal.

via Markets Gazette