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Also traded in: Argentina, Brazil, Chile, Germany, Mexico, Switzerland, UK

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 : 5/10

vs
industry
vs
history
Cash to Debt 0.02
FCX's Cash to Debt is ranked lower than
96% of the 1379 Companies
in the Global Copper industry.

( Industry Median: 8.00 vs. FCX: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
FCX' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.11 Max: 1.36
Current: 0.02
0
1.36
Equity to Asset 0.09
FCX's Equity to Asset is ranked lower than
93% of the 747 Companies
in the Global Copper industry.

( Industry Median: 0.58 vs. FCX: 0.09 )
Ranked among companies with meaningful Equity to Asset only.
FCX' s Equity to Asset Range Over the Past 10 Years
Min: 0.03  Med: 0.28 Max: 0.5
Current: 0.09
0.03
0.5
F-Score: 2
Z-Score: -0.67
M-Score: -4.92
WACC vs ROIC
9.18%
-42.99%
WACC
ROIC
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 : 4/10

vs
industry
vs
history
Operating margin (%) -93.73
FCX's Operating margin (%) is ranked lower than
81% of the 764 Companies
in the Global Copper industry.

( Industry Median: -0.29 vs. FCX: -93.73 )
Ranked among companies with meaningful Operating margin (%) only.
FCX' s Operating margin (%) Range Over the Past 10 Years
Min: -84.29  Med: 35.49 Max: 49.54
Current: -93.73
-84.29
49.54
Net-margin (%) -91.17
FCX's Net-margin (%) is ranked lower than
79% of the 765 Companies
in the Global Copper industry.

( Industry Median: -1.93 vs. FCX: -91.17 )
Ranked among companies with meaningful Net-margin (%) only.
FCX' s Net-margin (%) Range Over the Past 10 Years
Min: -76.81  Med: 17.23 Max: 25.16
Current: -91.17
-76.81
25.16
ROE (%) -133.93
FCX's ROE (%) is ranked lower than
92% of the 1272 Companies
in the Global Copper industry.

( Industry Median: -9.77 vs. FCX: -133.93 )
Ranked among companies with meaningful ROE (%) only.
FCX' s ROE (%) Range Over the Past 10 Years
Min: -94.48  Med: 22.56 Max: 65.11
Current: -133.93
-94.48
65.11
ROA (%) -27.84
FCX's ROA (%) is ranked lower than
72% of the 1395 Companies
in the Global Copper industry.

( Industry Median: -8.53 vs. FCX: -27.84 )
Ranked among companies with meaningful ROA (%) only.
FCX' s ROA (%) Range Over the Past 10 Years
Min: -34.58  Med: 10.08 Max: 26.64
Current: -27.84
-34.58
26.64
ROC (Joel Greenblatt) (%) -34.50
FCX's ROC (Joel Greenblatt) (%) is ranked lower than
67% of the 1352 Companies
in the Global Copper industry.

( Industry Median: -11.41 vs. FCX: -34.50 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
FCX' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -58.61  Med: 30.62 Max: 87.67
Current: -34.5
-58.61
87.67
Revenue Growth (3Y)(%) -8.10
FCX's Revenue Growth (3Y)(%) is ranked lower than
60% of the 613 Companies
in the Global Copper industry.

( Industry Median: -3.50 vs. FCX: -8.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
FCX' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -8.1  Med: 5.60 Max: 49.3
Current: -8.1
-8.1
49.3
» FCX's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-23)


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

» Details

Guru Trades

Q2 2015

FCX Guru Trades in Q2 2015

John Burbank 11,247 sh (New)
Stanley Druckenmiller 3,547,000 sh (New)
Paul Tudor Jones 10,700 sh (New)
Caxton Associates 100,000 sh (New)
Steven Cohen 1,199,100 sh (New)
Jeremy Grantham 73,800 sh (+113.91%)
Mario Gabelli 2,732,232 sh (+12.04%)
Murray Stahl 58,350 sh (+11.25%)
George Soros Sold Out
Chris Davis 375,224 sh (-0.06%)
John Buckingham 175,806 sh (-0.52%)
Pioneer Investments 464,160 sh (-3.66%)
Ray Dalio 253,100 sh (-15.61%)
David Dreman 55,920 sh (-32.14%)
» More
Q3 2015

FCX Guru Trades in Q3 2015

Carl Icahn 100,000,000 sh (New)
Ray Dalio 1,465,609 sh (+479.06%)
Jeremy Grantham 308,200 sh (+317.62%)
David Dreman 86,440 sh (+54.58%)
Chris Davis 448,084 sh (+19.42%)
Mario Gabelli 2,738,392 sh (+0.23%)
Paul Tudor Jones 140,800 sh (unchged)
Paul Tudor Jones 11,600 sh (unchged)
Stanley Druckenmiller Sold Out
Caxton Associates Sold Out
John Burbank Sold Out
Paul Tudor Jones Sold Out
Signature Select Canadian Fund 102,200 sh (-4.22%)
Murray Stahl 53,350 sh (-8.57%)
John Buckingham 139,895 sh (-20.43%)
Pioneer Investments 145,909 sh (-68.56%)
Steven Cohen 150 sh (-99.99%)
» More
Q4 2015

FCX Guru Trades in Q4 2015

David Tepper 3,557,460 sh (New)
John Burbank 2,784,515 sh (New)
Murray Stahl 195,704 sh (+266.83%)
Mario Gabelli 4,186,394 sh (+52.88%)
Jeremy Grantham 396,544 sh (+28.66%)
Chris Davis 519,734 sh (+15.99%)
Carl Icahn 104,000,000 sh (+4.00%)
Pioneer Investments Sold Out
John Buckingham Sold Out
Steven Cohen Sold Out
David Dreman 24,399 sh (-71.77%)
Ray Dalio 353,300 sh (-75.89%)
» More
Q1 2016

FCX Guru Trades in Q1 2016

Murray Stahl 146,955 sh (-24.91%)
» More
» Details

Insider Trades

Latest Guru Trades with FCX

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Top Ranked Articles about Freeport-McMoRan Inc

Can Freeport-McMoRan Survive the Bear Hug? Investors can expect sharp cuts in capital expenditure to protect balance sheet
Last week, I wrote an article on Seadrill (SDRL) and whether the company can survive the bear hug. The article focused on the company’s balance sheet and credit metrics going forward. Freeport-McMoRan (NYSE:FCX) is yet another name in the natural resources sector that has been beaten down significantly, and the decline has been accelerated by leverage concerns (similar to Seadrill). This article discusses the company’s balance sheet health and if the company can survive another 12 to 18 months of pain for the industry. Read more...
Carl Icahn Makes Big Transactions in 3rd Quarter Guru buys 100 million shares of Freeport McMoRan and 27 million shares of Cheniere Energy
With an estimated net worth of $21.9 billion, Carl Icahn (Trades, Portfolio) can do big things in many ways, and his third-quarter transactions prove it. Read more...
Is Carl Icahn Completely Wrong With Freeport-McMoRan? With 8.65% of the company, the question is whether Icahn will be on the wrong side of this turnaround
Carl Icahn is the largest shareholder in Freeport-McMoRan (NYSE:FCX) with his recent purchase of around 100 million shares. Read more...
Carl Icahn Joins Freeport-McMoRan Board, Issues Update on Progress Icahn joins the board, stock jumps
Activist investor Carl Icahn (Trades, Portfolio) released a statement today with an update on developments with Freeport-McMoRan Inc. (NYSE:FCX), a company he began targeting on Aug. 17, purchasing 88 million shares. He then boosted the stake by 13.6% on Sept. 18 to an even 100 million shares, or 9.6% of the company. Read more...
Carl Icahn Raises Stake in Freeport McMoRan Guru now has 100 million shares in his portfolio
Guru Carl Icahn (Trades, Portfolio) of Icahn Capital Management last week increased his shares in a stake that is new to his portfolio. Read more...
Insiders Are Buying Freeport McMoRan and Phillips 66 Using the All In One Screener to round up recent insider buys
The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$500,000+” and duration to "September 2015." Read more...
Freeport-McMoRan Is a Value Investment Sound fundamentals should mean healthy returns for investors willing to hold stock for the next few years
In the last year, Freeport-McMoRan (NYSE:FCX) has slumped by 70%, and the decline in the stock has been due to decline in industrial commodity price as well as decline in oil and gas prices. While the overall outlook for industrial commodities remains bearish for the foreseeable future, I believe that Freeport-McMoRan has discounted the negatives and is currently trading at attractive valuations. The stock at current levels may benefit investors with a long-term investment horizon. Read more...

Ratios

vs
industry
vs
history
Forward P/E 16.05
FCX's Forward P/E is ranked lower than
55% of the 159 Companies
in the Global Copper industry.

( Industry Median: 16.13 vs. FCX: 16.05 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 4.02
FCX's P/B is ranked lower than
81% of the 1252 Companies
in the Global Copper industry.

( Industry Median: 1.56 vs. FCX: 4.02 )
Ranked among companies with meaningful P/B only.
FCX' s P/B Range Over the Past 10 Years
Min: 0.46  Med: 2.52 Max: 63.58
Current: 4.02
0.46
63.58
P/S 0.79
FCX's P/S is ranked higher than
61% of the 678 Companies
in the Global Copper industry.

( Industry Median: 1.42 vs. FCX: 0.79 )
Ranked among companies with meaningful P/S only.
FCX' s P/S Range Over the Past 10 Years
Min: 0.26  Med: 1.92 Max: 3.29
Current: 0.79
0.26
3.29
POCF 3.87
FCX's POCF is ranked higher than
67% of the 384 Companies
in the Global Copper industry.

( Industry Median: 7.14 vs. FCX: 3.87 )
Ranked among companies with meaningful POCF only.
FCX' s POCF Range Over the Past 10 Years
Min: 1.29  Med: 6.71 Max: 13.07
Current: 3.87
1.29
13.07
Current Ratio 1.73
FCX's Current Ratio is ranked lower than
51% of the 1332 Companies
in the Global Copper industry.

( Industry Median: 1.79 vs. FCX: 1.73 )
Ranked among companies with meaningful Current Ratio only.
FCX' s Current Ratio Range Over the Past 10 Years
Min: 0.87  Med: 1.70 Max: 3.42
Current: 1.73
0.87
3.42
Quick Ratio 0.62
FCX's Quick Ratio is ranked lower than
73% of the 1332 Companies
in the Global Copper industry.

( Industry Median: 1.37 vs. FCX: 0.62 )
Ranked among companies with meaningful Quick Ratio only.
FCX' s Quick Ratio Range Over the Past 10 Years
Min: 0.27  Med: 0.78 Max: 2.1
Current: 0.62
0.27
2.1
Days Inventory 64.20
FCX's Days Inventory is ranked higher than
56% of the 631 Companies
in the Global Copper industry.

( Industry Median: 73.36 vs. FCX: 64.20 )
Ranked among companies with meaningful Days Inventory only.
FCX' s Days Inventory Range Over the Past 10 Years
Min: 64.93  Med: 108.37 Max: 133.31
Current: 64.2
64.93
133.31
Days Sales Outstanding 20.03
FCX's Days Sales Outstanding is ranked higher than
63% of the 623 Companies
in the Global Copper industry.

( Industry Median: 29.88 vs. FCX: 20.03 )
Ranked among companies with meaningful Days Sales Outstanding only.
FCX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 12.33  Med: 25.32 Max: 44.75
Current: 20.03
12.33
44.75
Days Payable 29.68
FCX's Days Payable is ranked lower than
63% of the 500 Companies
in the Global Copper industry.

( Industry Median: 43.90 vs. FCX: 29.68 )
Ranked among companies with meaningful Days Payable only.
FCX' s Days Payable Range Over the Past 10 Years
Min: 29.97  Med: 45.43 Max: 113.51
Current: 29.68
29.97
113.51

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.28
FCX's Dividend Yield is ranked lower than
67% of the 602 Companies
in the Global Copper industry.

( Industry Median: 2.38 vs. FCX: 1.28 )
Ranked among companies with meaningful Dividend Yield only.
FCX' s Dividend Yield Range Over the Past 10 Years
Min: 0.17  Med: 2.36 Max: 11.75
Current: 1.28
0.17
11.75
Dividend Growth (3y) -27.00
FCX's Dividend Growth (3y) is ranked lower than
54% of the 247 Companies
in the Global Copper industry.

( Industry Median: -19.80 vs. FCX: -27.00 )
Ranked among companies with meaningful Dividend Growth (3y) only.
FCX' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: -100.00 Max: 66.7
Current: -27
0
66.7
Yield on cost (5-Year) 1.45
FCX's Yield on cost (5-Year) is ranked lower than
56% of the 810 Companies
in the Global Copper industry.

( Industry Median: 2.99 vs. FCX: 1.45 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FCX' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.19  Med: 2.67 Max: 13.29
Current: 1.45
0.19
13.29
3-Year Average Share Buyback Ratio -4.30
FCX's 3-Year Average Share Buyback Ratio is ranked higher than
67% of the 1002 Companies
in the Global Copper industry.

( Industry Median: -9.40 vs. FCX: -4.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FCX' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -29  Med: -4.30 Max: 7.7
Current: -4.3
-29
7.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.00
FCX's Price/Tangible Book is ranked lower than
78% of the 1217 Companies
in the Global Copper industry.

( Industry Median: 1.68 vs. FCX: 4.00 )
Ranked among companies with meaningful Price/Tangible Book only.
FCX' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.08  Med: 5.27 Max: 107.42
Current: 4
1.08
107.42
Price/Projected FCF 0.86
FCX's Price/Projected FCF is ranked higher than
62% of the 303 Companies
in the Global Copper industry.

( Industry Median: 1.38 vs. FCX: 0.86 )
Ranked among companies with meaningful Price/Projected FCF only.
FCX' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.35  Med: 0.98 Max: 5.74
Current: 0.86
0.35
5.74
Price/Median PS Value 0.41
FCX's Price/Median PS Value is ranked higher than
78% of the 557 Companies
in the Global Copper industry.

( Industry Median: 0.90 vs. FCX: 0.41 )
Ranked among companies with meaningful Price/Median PS Value only.
FCX' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.24  Med: 0.95 Max: 1.84
Current: 0.41
0.24
1.84
Earnings Yield (Greenblatt) (%) -34.12
FCX's Earnings Yield (Greenblatt) (%) is ranked lower than
84% of the 1371 Companies
in the Global Copper industry.

( Industry Median: -5.20 vs. FCX: -34.12 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
FCX' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -34.12  Med: 15.00 Max: 36.1
Current: -34.12
-34.12
36.1
Forward Rate of Return (Yacktman) (%) 4.46
FCX's Forward Rate of Return (Yacktman) (%) is ranked higher than
60% of the 280 Companies
in the Global Copper industry.

( Industry Median: -2.76 vs. FCX: 4.46 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
FCX' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -5.1  Med: 14.25 Max: 85.1
Current: 4.46
-5.1
85.1

More Statistics

Revenue(Mil) $15251
EPS $ -12.17
Beta2.35
Short Percentage of Float12.03%
52-Week Range $3.52 - 23.97
Shares Outstanding(Mil)1251.85

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 15,476 16,279 15,937
EPS($) 0.19 0.75 0.70
EPS without NRI($) 0.19 0.75 0.70

Business Description

Industry: Metals & Mining » Copper
Compare:NYSE:SCCO, WAR:KGH, XTER:NDA, SZSE:002203, ASX:OZL » details
Traded in other countries:FCX.Argentina, FCXO34.Brazil, FCX.Chile, FPMB.Germany, FCX.Mexico, FCX.Switzerland, 0R2O.UK,
Freeport-McMoRan Inc, formerly Freeport-McMoRan Copper & Gold, was incorporated under the laws of the state of Delaware on November 10, 1987. The Company deals 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. The Company has organized its operations into six primary divisions - North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines and United States (U.S.) oil and gas operations. It has has seven operating copper mines in North America - Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Tyrone and Chino in New Mexico. The North America copper mines include open-pit mining, sulfide ore concentrating, leaching and SX/EW operations. A majority of the copper produced at the North America copper mines is cast into copper rod by the Company's Rod & Refining operations. The North America copper mines include the Morenci copper mine as a reportable segment. In addition to copper, certain of its North America copper mines also produce molybdenum concentrates. South America mining includes four operating copper mines - Cerro Verde in Peru, and El Abra, Candelaria and Ojos del Salado in Chile. These operations include open-pit and underground mining, sulfide ore concentrating, leaching and SX/EW operations. South America mining includes the Cerro Verde and Candelaria copper mines as reportable segments. Indonesia mining includes PT-FI's Grasberg minerals district that produces copper concentrates, which contain significant quantities of gold and silver. Africa mining includes the Tenke minerals district. The Tenke operation includes surface mining, leaching and SX/EW operations and produces copper cathodes. In addition to copper, the Tenke operation produces cobalt hydroxide. Molybdenum mines include the wholly owned Henderson underground mine and Climax open-pit mine in Colorado. The Henderson and Climax mines produce high-purity, chemical-grade molybdenum concentrates, which are typically further processed into value-added molybdenum chemical products. The Rod & Refining segment consists of copper conversion facilities located in North America, and includes a refinery, three rod mills and a specialty copper products facility. These operations process copper produced at the Company's North America copper mines and purchased copper into copper cathode, rod and custom copper shapes. Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes. The U.S. oil and gas operations include oil production facilitie
» More Articles for FCX

Headlines

Articles On GuruFocus.com
Carl Icahn Raises Stake in AIG by More Than 3,000% Mar 18 2016 
Freeport-McMoRan: Further Liquidity Injection Needed Mar 14 2016 
Is Freeport-McMoRan Enticing After Big Rally? Feb 25 2016 
Vedanta Ltd. May Escape Bear Grip With Low Valuations Feb 23 2016 
Carl Icahn Buys AIG, Reduces Apple Feb 19 2016 
Mario Gabelli Adds to More Than 200 Stakes in 4th Quarter Feb 08 2016 
Will Noble Corporation Suspend Dividends? Jan 13 2016 
Can Freeport-McMoRan Survive the Bear Hug? Jan 11 2016 
Carl Icahn Makes Big Transactions in 3rd Quarter Jan 03 2016 
Is Carl Icahn Completely Wrong With Freeport-McMoRan? Dec 30 2015 

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