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29.19 (1y: -17%)
Market Cap 28.04 B P/E(ttm) 9.70
Enterprise Value 28.53 B P/B 1.60
FCX- NYSE (USA)
Freeport-McMoRan Copper & Gold
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$29.19
Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 1.05
FCX's Cash to Debt is ranked higher than
86% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 1.05 )
FCX' s 10-Year Cash to Debt Range
Min: 0   Max: 1.36
Current: 1.05
0
1.36
Equity to Asset 0.495
FCX's Equity to Asset is ranked higher than
82% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 0.495 )
FCX' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.5
Current: 0.5
0.03
0.5
Interest Coverage 31.3
FCX's Interest Coverage is ranked higher than
90% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 31.3 )
FCX' s 10-Year Interest Coverage Range
Min: 2   Max: 38
Current: 31.3
2
38
F-Score: 5
Z-Score: 1.97
M-Score: -1.87
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry		 vs
history
Operating margin (%) 32.30
FCX's Operating margin (%) is ranked higher than
96% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 32.30 )
FCX' s 10-Year Operating margin (%) Range
Min: -71.4   Max: 52.1
Current: 32.3
-71.4
52.1
Net-margin (%) 16.9
FCX's Net-margin (%) is ranked higher than
94% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 16.9 )
FCX' s 10-Year Net-margin (%) Range
Min: -62.2   Max: 25.2
Current: 16.9
-62.2
25.2
ROE (%) 17.3
FCX's ROE (%) is ranked higher than
96% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 17.3 )
FCX' s 10-Year ROE (%) Range
Min: -191.7   Max: 108.2
Current: 17.3
-191.7
108.2
ROA (%) 8.6
FCX's ROA (%) is ranked higher than
95% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 8.6 )
FCX' s 10-Year ROA (%) Range
Min: -47.4   Max: 27
Current: 8.6
-47.4
27
ROC (Joel Greenblatt) (%) 22.20
FCX's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 22.20 )
FCX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -73.6   Max: 84.7
Current: 22.2
-73.6
84.7
Revenue Growth (%) 4.2
FCX's Revenue Growth (%) is ranked higher than
90% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 4.2 )
FCX' s 10-Year Revenue Growth (%) Range
Min: -1.6   Max: 35.1
Current: 4.2
-1.6
35.1
EBITDA Growth (%) -2.6
FCX's EBITDA Growth (%) is ranked lower than
52% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: -2.6 )
FCX' s 10-Year EBITDA Growth (%) Range
Min: -3.4   Max: 41.2
Current: -2.6
-3.4
41.2
EPS Growth (%) 2.1
FCX's EPS Growth (%) is ranked higher than
94% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 2.1 )
FCX' s 10-Year EPS Growth (%) Range
Min: -11.6   Max: 72.3
Current: 2.1
-11.6
72.3
» FCX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

FCX Guru Trades in Q2 2012

Chuck Royce 3,000 sh (New)
George Soros 385,000 sh (New)
John Burbank 183,573 sh (New)
Manning & Napier Advisors, Inc 54,074 sh (New)
Bruce Kovner 1,764,364 sh (New)
David Dreman 36,361 sh (New)
Ray Dalio 527,600 sh (+107.31%)
Robert Olstein 92,000 sh (+67.27%)
Mario Gabelli 577,622 sh (+47.68%)
Paul Tudor Jones 178,900 sh (+37.19%)
NWQ Managers 144,245 sh (+2.43%)
Steven Cohen 412,878 sh (+2.3%)
RS Investment Management 37,950 sh (+0.74%)
Chris Davis 202,444 sh (+0.11%)
Ken Heebner Sold Out
Tom Russo Sold Out
Ken Fisher 14,110,146 sh (-0.69%)
Bill Frels 19,438 sh (-0.77%)
John Buckingham 142,944 sh (-1.15%)
Pioneer Investments 4,155,300 sh (-6.39%)
Jeremy Grantham 30,620 sh (-16.84%)
Murray Stahl 24,985 sh (-44.16%)
Joel Greenblatt 7,766 sh (-78.73%)
PRIMECAP Management 624,193 sh (-79.12%)
» More
Q3 2012

FCX Guru Trades in Q3 2012

Jim Simons 918,766 sh (New)
George Soros 1,295,558 sh (+236.51%)
Signature Select Canadian Fund 482,550 sh (+219.78%)
Jeremy Grantham 43,480 sh (+42%)
Pioneer Investments 5,605,065 sh (+34.89%)
Mario Gabelli 689,722 sh (+19.41%)
Manning & Napier Advisors, Inc 64,329 sh (+18.96%)
David Dreman 36,370 sh (+0.02%)
Chuck Royce 3,000 sh (unchged)
Chris Davis 202,444 sh (unchged)
Murray Stahl Sold Out
Bruce Kovner Sold Out
Joel Greenblatt Sold Out
NWQ Managers Sold Out
Bill Frels 19,383 sh (-0.28%)
John Buckingham 139,515 sh (-2.4%)
Steven Cohen 395,561 sh (-4.19%)
RS Investment Management 34,550 sh (-8.96%)
Robert Olstein 72,000 sh (-21.74%)
PRIMECAP Management 480,100 sh (-23.08%)
Paul Tudor Jones 96,600 sh (-46%)
Ray Dalio 99,200 sh (-81.2%)
John Burbank 29,000 sh (-84.2%)
Ken Fisher 92,671 sh (-99.34%)
» More
Q4 2012

FCX Guru Trades in Q4 2012

David Tepper 520,337 sh (New)
Leon Cooperman 3,106,000 sh (New)
T Boone Pickens 97,000 sh (New)
Jean-Marie Eveillard 2,000,757 sh (New)
Louis Moore Bacon 85,000 sh (New)
John Paulson 9,000,000 sh (New)
Ray Dalio 465,400 sh (+369.15%)
Steven Cohen 1,525,053 sh (+285.54%)
David Dreman 63,368 sh (+74.23%)
Mario Gabelli 918,072 sh (+33.11%)
Jim Simons 1,015,966 sh (+10.58%)
Paul Tudor Jones 102,100 sh (+5.69%)
George Soros 1,364,508 sh (+5.32%)
Bill Frels 19,508 sh (+0.64%)
Chris Davis 202,469 sh (+0.01%)
Jeremy Grantham 15,900 sh (unchged)
Paul Tudor Jones 35,000 sh (unchged)
John Burbank Sold Out
Chuck Royce Sold Out
Robert Olstein Sold Out
RS Investment Management Sold Out
John Buckingham 132,468 sh (-5.05%)
Manning & Napier Advisors, Inc 59,145 sh (-8.06%)
Pioneer Investments 5,000,331 sh (-10.79%)
PRIMECAP Management 356,400 sh (-25.77%)
Ken Fisher 41,998 sh (-54.68%)
» More
Q1 2013

FCX Guru Trades in Q1 2013

Ron Baron 1,012 sh (New)
Bruce Kovner 250,000 sh (New)
Jeremy Grantham 67,600 sh (+325.16%)
David Dreman 85,326 sh (+34.65%)
Mario Gabelli 1,104,072 sh (+20.26%)
Manning & Napier Advisors, Inc 62,246 sh (+5.24%)
John Buckingham 132,484 sh (+0.01%)
John Paulson 9,000,000 sh (unchged)
Louis Moore Bacon Sold Out
Jim Simons Sold Out
Jean-Marie Eveillard Sold Out
David Tepper Sold Out
Chris Davis 202,444 sh (-0.01%)
Leon Cooperman 3,092,000 sh (-0.45%)
Bill Frels 15,000 sh (-23.11%)
Paul Tudor Jones 75,900 sh (-25.66%)
Ken Fisher 28,207 sh (-32.84%)
Ray Dalio 256,927 sh (-44.79%)
Pioneer Investments 1,891,436 sh (-62.17%)
Steven Cohen 464,480 sh (-69.54%)
George Soros 393,061 sh (-71.19%)
T Boone Pickens 7,900 sh (-91.86%)
PRIMECAP Management 7,300 sh (-97.95%)
» More
» Details

Insider Trades

Latest Guru Trades with FCX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2013-03-31 Reduce -71.19%0.4%$31.4 - $36.09 $ 29.19-14%393061
Ray Dalio 2013-03-31 Reduce -44.79%0.07%$31.4 - $36.09 $ 29.19-14%256927
Mario Gabelli 2013-03-31 Add 20.26%0.04%$31.4 - $36.09 $ 29.19-14%1104072
David Dreman 2013-03-31 Add 34.65%0.02%$31.4 - $36.09 $ 29.19-14%85326
PRIMECAP Management 2013-03-31 Reduce -97.95%0.02%$31.4 - $36.09 $ 29.19-14%7300
Jean-Marie Eveillard 2013-03-31 Sold Out $31.4 - $36.09 $ 29.19-14%0
Ron Baron 2013-03-31 New Buy$31.4 - $36.09 $ 29.19-14%1012
Leon Cooperman 2012-12-31 New Buy2%$30.81 - $42.43 $ 29.19-22%3106000
John Paulson 2012-12-31 New Buy1.9%$30.81 - $42.43 $ 29.19-22%9000000
Jean-Marie Eveillard 2012-12-31 New Buy0.24%$30.81 - $42.43 $ 29.19-22%2000757
Ray Dalio 2012-12-31 Add 369.15%0.13%$30.81 - $42.43 $ 29.19-22%465400
Mario Gabelli 2012-12-31 Add 33.11%0.06%$30.81 - $42.43 $ 29.19-22%918072
John Burbank 2012-12-31 Sold Out 0.05%$30.81 - $42.43 $ 29.19-22%0
David Dreman 2012-12-31 Add 74.23%0.03%$30.81 - $42.43 $ 29.19-22%63368
PRIMECAP Management 2012-12-31 Reduce -25.77%0.01%$30.81 - $42.43 $ 29.19-22%356400
George Soros 2012-09-30 Add 236.51%0.58%$31.4 - $42.6 $ 29.19-18%1295558
Ray Dalio 2012-09-30 Reduce -81.2%0.22%$31.4 - $42.6 $ 29.19-18%99200
John Burbank 2012-09-30 Reduce -84.2%0.18%$31.4 - $42.6 $ 29.19-18%29000
Joel Greenblatt 2012-09-30 Sold Out 0.02%$31.4 - $42.6 $ 29.19-18%0
PRIMECAP Management 2012-09-30 Reduce -23.08%0.01%$31.4 - $42.6 $ 29.19-18%480100
John Burbank 2012-06-30 New Buy0.21%$31.65 - $39.01 $ 29.19-17%183573
George Soros 2012-06-30 New Buy0.19%$31.65 - $39.01 $ 29.19-17%385000
Ray Dalio 2012-06-30 Add 107.31%0.14%$31.65 - $39.01 $ 29.19-17%527600
PRIMECAP Management 2012-06-30 Reduce -79.12%0.13%$31.65 - $39.01 $ 29.19-17%624193
Joel Greenblatt 2012-06-30 Reduce -78.73%0.09%$31.65 - $39.01 $ 29.19-17%7766
Mario Gabelli 2012-06-30 Add 47.68%0.05%$31.65 - $39.01 $ 29.19-17%577622
David Dreman 2012-06-30 New Buy0.03%$31.65 - $39.01 $ 29.19-17%36361
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Guru Investment Theses on Freeport-McMoRan Copper & Gold

Columbia Management Comments on Freeport McMoRan - Jan 23, 2013

We continue to have a positive view of industrials (and materials) companies. Relative underperformance in the materials sector was largely driven by new portfolio holding Freeport McMoRan (FCX). Freeport McMoRan is the world's largest publicly traded copper company; we added the stock to the portfolio in October. The company has global reserves of copper, gold and other metals, a strong balance sheet, and, despite weakness in the global economy, generates significant free-cash-flow, even at lower copper prices. Freeport McMoRan shares fell during the quarter after the company announced the acquisition of an oil and gas company. (Investors would have preferred that the company remain focused on copper and metals.) We believe the long-term demand for metals remains positive, particularly from China and Asia, where large infrastructure projects continue to move forward, and expect Freeport McMoRan to recover as it returns to trading in line with the price of copper.

From Columbia Wanger’s fourth quarter commentary.


Check out Columbia Wanger latest stock trades

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Columbia Management Comments on Freeport McMoRan
January 23, 2013
We continue to have a positive view of industrials (and materials) companies. Relative underperformance in the materials sector was largely driven by new portfolio holding Freeport McMoRan (FCX). Freeport McMoRan is the world's largest publicly traded copper company; we added the stock to the portfolio in October. The company has global reserves of copper, gold and other metals, a strong balance sheet, and, despite weakness in the global economy, generates significant free-cash-flow, even at lower copper prices. Freeport McMoRan shares fell during the quarter after the company announced the acquisition of an oil and gas company. (Investors would have preferred that the company remain focused on copper and metals.) We believe the long-term demand for metals remains positive, particularly from China and Asia, where large infrastructure projects continue to move forward, and expect Freeport McMoRan to recover as it returns to trading in line with the price of copper. Read more...
Freeport-McMoRan - Defying the Odds
July 16, 2012
Freeport-McMoRan (FCX) is going through some difficult times. If it is not the dim macro view, it is the scuffles in Indonesia that have topped the news headlines for a better part of last week. Nonetheless, I am confident in the stock. Apart from exhibiting strong fundamentals, it demonstrates the ability to operate under hardship, which is next to a necessity in the current economical environment. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 9.80
FCX's P/E(ttm) is ranked higher than
80% of the 744 Companies
in the Global Copper industry.

( Industry Median: 13.50 vs. FCX: 9.80 )
FCX' s 10-Year P/E(ttm) Range
Min: 2.71   Max: 974.5
Current: 9.8
2.71
974.5
P/B 1.60
FCX's P/B is ranked higher than
64% of the 1139 Companies
in the Global Copper industry.

( Industry Median: 0.92 vs. FCX: 1.60 )
FCX' s 10-Year P/B Range
Min: 0.54   Max: 120.88
Current: 1.6
0.54
120.88
P/S 1.60
FCX's P/S is ranked higher than
73% of the 1200 Companies
in the Global Copper industry.

( Industry Median: 1.58 vs. FCX: 1.60 )
FCX' s 10-Year P/S Range
Min: 0.41   Max: 3.99
Current: 1.6
0.41
3.99
PFCF 135.00
FCX's PFCF is ranked lower than
58% of the 578 Companies
in the Global Copper industry.

( Industry Median: 18.20 vs. FCX: 135.00 )
FCX' s 10-Year PFCF Range
Min: 2.81   Max: 153.64
Current: 135
2.81
153.64
EV-to-EBIT 5.3
FCX's EV-to-EBIT is ranked higher than
90% of the 732 Companies
in the Global Copper industry.

( Industry Median: 11.72 vs. FCX: 5.3 )
FCX' s 10-Year EV-to-EBIT Range
Min: 2.5   Max: 27.1
Current: 5.3
2.5
27.1
Shiller P/E 59.6
FCX's Shiller P/E is ranked lower than
100% of the Companies
in the Global Copper industry.

( Industry Median: vs. FCX: 59.6 )
FCX' s 10-Year Shiller P/E Range
Min: 3.98   Max: 403.23
Current: 59.6
3.98
403.23

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 4.20
FCX's Dividend Yield is ranked higher than
95% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 4.20 )
FCX' s 10-Year Dividend Yield Range
Min: 0.17   Max: 10.8
Current: 4.2
0.17
10.8
Dividend Payout 0.4075
FCX's Dividend Payout is ranked higher than
70% of the 360 Companies
in the Global Copper industry.

( Industry Median: 0.30 vs. FCX: 0.4075 )
FCX' s 10-Year Dividend Payout Range
Min: 0.1   Max: 0.78
Current: 0.41
0.1
0.78
Yield on cost (5-Year) 4.20
FCX's Yield on cost (5-Year) is ranked higher than
93% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 4.20 )
FCX' s 10-Year Yield on cost (5-Year) Range
Min: 0.17   Max: 10.8
Current: 4.2
0.17
10.8
Share Buyback Rate -0.4
FCX's Share Buyback Rate is ranked higher than
57% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: -0.4 )
FCX' s 10-Year Share Buyback Rate Range
Min: 2.9   Max: -21
Current: -0.4

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8
FCX's Price/Net Current Asset Value is ranked higher than
76% of the 960 Companies
in the Global Copper industry.

( Industry Median: 9.20 vs. FCX: 8 )
FCX' s 10-Year Price/Net Current Asset Value Range
Min: 4.1   Max: 20.2
Current: 8
4.1
20.2
Price/Tangible Book 1.6
FCX's Price/Tangible Book is ranked higher than
66% of the 1080 Companies
in the Global Copper industry.

( Industry Median: 1.00 vs. FCX: 1.6 )
FCX' s 10-Year Price/Tangible Book Range
Min: 1.9   Max: 112.4
Current: 1.6
1.9
112.4
Price/DCF (Projected) 0.7
FCX's Price/DCF (Projected) is ranked higher than
89% of the 454 Companies
in the Global Copper industry.

( Industry Median: 1.10 vs. FCX: 0.7 )
FCX' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 1.7
Current: 0.7
0.4
1.7
Price/Median PS Value 0.7
FCX's Price/Median PS Value is ranked higher than
70% of the 930 Companies
in the Global Copper industry.

( Industry Median: 0.60 vs. FCX: 0.7 )
FCX' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.7
Current: 0.7
0.3
1.7
Price/Graham Number 0.7
FCX's Price/Graham Number is ranked higher than
79% of the 632 Companies
in the Global Copper industry.

( Industry Median: 0.80 vs. FCX: 0.7 )
FCX' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 3.8
Current: 0.7
0.8
3.8
Earnings Yield (Greenblatt) 18.90
FCX's Earnings Yield (Greenblatt) is ranked higher than
96% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 18.90 )
FCX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.7   Max: 39.8
Current: 18.9
3.7
39.8
Forward Rate of Return (Yacktman) 8.88
FCX's Forward Rate of Return (Yacktman) is ranked higher than
96% of the 2402 Companies
in the Global Copper industry.

( Industry Median: 0.00 vs. FCX: 8.88 )
FCX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.6   Max: 78.6
Current: 8.88
0.6
78.6

Business Description

Freeport-McMoRan Copper & Gold was incorporated under the laws of the state of Delaware on November 10, 1987. The company is engaged in the mining of copper, gold and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, significant mining operations in North and South America, and the Tenke Fungurume minerals district in the Democratic Republic of Congo (DRC). The Grasberg minerals district contains the single recoverable copper reserve and the single gold reserve of any mine in the world based on the latest available reserve data provided by third-party industry consultants. At December 31, 2011, consolidated recoverable proven and probable reserves totaled 119.7 billion pounds of copper, 33.9 million ounces of gold, 3.42 billion pounds of molybdenum, 330.3 million ounces of silver and 0.86 billion pounds of cobalt. Approximately 34 percent of its copper reserves are in North America, 33 percent are in South America, 26 percent are in Indonesia and 7 percent are in Africa. Approximately 95 percent of its gold reserves are in Indonesia, with its remaining gold reserves primarily in South America. Approximately 79 percent of its molybdenum reserves are in North America, with its remaining molybdenum reserves in South America. It operates four copper mines in South America - Cerro Verde in Peru, and El Abra, Candelaria and Ojos del Salado in Chile. In addition to copper, the Cerro Verde mine also produces molybdenum concentrates, and the Candelaria and Ojos del Salado mines produce gold and silver. n Indonesia, PT Freeport Indonesia operates the mines in the Grasberg minerals district. In addition to copper, the Grasberg minerals district also produces significant quantities of gold and silver. In Africa, Tenke Fungurume Mining S.A.R.L. (TFM) operates the mine in the Tenke Fungurume minerals district (the Tenke mine). In addition to copper, Tenke produces cobalt hydroxide. During 2011, 34 percent of its consolidated copper production was from North America, 35 percent from South America, 23 percent from Grasberg and 8 percent from Tenke. The Grasberg minerals district also accounted for 92 percent of its consolidated gold production for 2011. It produces molybdenum at its Henderson molybdenum mine in Colorado. During 2011, 46 percent of its consolidated molybdenum production was from the Henderson molybdenum mine, 42 percent was produced at certain of its North America copper mines and 12 percent was produced at its Cerro Verde copper mine.
Company Website
SEC Reports
Industry: Copper
Compare:SCCO, OZMLY, SFRRF, IPLRF, AZC
Traded in other countries:FPMB.Germany
» More Articles for FCX

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