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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 0.03
FCX's Cash to Debt is ranked higher than
54% of the 2420 Companies
in the Global Copper industry.

( Industry Median: 2.51 vs. FCX: 0.03 )
FCX' s 10-Year Cash to Debt Range
Min: 0   Max: 1.45
Current: 0.03

0
1.45
Equity to Asset 0.34
FCX's Equity to Asset is ranked higher than
64% of the 1376 Companies
in the Global Copper industry.

( Industry Median: 0.62 vs. FCX: 0.34 )
FCX' s 10-Year Equity to Asset Range
Min: 0.03   Max: 0.5
Current: 0.34

0.03
0.5
F-Score: 4
Z-Score: 1.04
M-Score: -2.55
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 : 7/10

vs
industry
vs
history
Operating margin (%) 22.84
FCX's Operating margin (%) is ranked higher than
94% of the 1468 Companies
in the Global Copper industry.

( Industry Median: 1.76 vs. FCX: 22.84 )
FCX' s 10-Year Operating margin (%) Range
Min: -71.42   Max: 52.09
Current: 22.84

-71.42
52.09
Net-margin (%) 10.27
FCX's Net-margin (%) is ranked higher than
91% of the 1468 Companies
in the Global Copper industry.

( Industry Median: -2.32 vs. FCX: 10.27 )
FCX' s 10-Year Net-margin (%) Range
Min: -62.19   Max: 25.16
Current: 10.27

-62.19
25.16
ROE (%) 10.76
FCX's ROE (%) is ranked higher than
96% of the 2383 Companies
in the Global Copper industry.

( Industry Median: -7.48 vs. FCX: 10.76 )
FCX' s 10-Year ROE (%) Range
Min: -92.2   Max: 88.7
Current: 10.76

-92.2
88.7
ROA (%) 3.57
FCX's ROA (%) is ranked higher than
93% of the 2439 Companies
in the Global Copper industry.

( Industry Median: -5.78 vs. FCX: 3.57 )
FCX' s 10-Year ROA (%) Range
Min: -34.58   Max: 26.64
Current: 3.57

-34.58
26.64
ROC (Joel Greenblatt) (%) 9.76
FCX's ROC (Joel Greenblatt) (%) is ranked higher than
93% of the 2404 Companies
in the Global Copper industry.

( Industry Median: -6.73 vs. FCX: 9.76 )
FCX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -58.54   Max: 86.68
Current: 9.76

-58.54
86.68
Revenue Growth (3Y)(%) 1.30
FCX's Revenue Growth (3Y)(%) is ranked higher than
78% of the 1091 Companies
in the Global Copper industry.

( Industry Median: 1.60 vs. FCX: 1.30 )
FCX' s 10-Year Revenue Growth (3Y)(%) Range
Min: -2.1   Max: 49.3
Current: 1.3

-2.1
49.3
EBITDA Growth (3Y)(%) -8.40
FCX's EBITDA Growth (3Y)(%) is ranked higher than
80% of the 1556 Companies
in the Global Copper industry.

( Industry Median: -13.70 vs. FCX: -8.40 )
FCX' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -8.4   Max: 58.1
Current: -8.4

-8.4
58.1
EPS Growth (3Y)(%) -16.30
FCX's EPS Growth (3Y)(%) is ranked higher than
75% of the 1403 Companies
in the Global Copper industry.

( Industry Median: -14.20 vs. FCX: -16.30 )
FCX' s 10-Year EPS Growth (3Y)(%) Range
Min: -37.4   Max: 105.1
Current: -16.3

-37.4
105.1
» FCX's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2013

FCX Guru Trades in Q4 2013

Caxton Associates 41,259 sh (New)
Mariko Gordon 17,793 sh (New)
Paul Tudor Jones 97,600 sh (+95.2%)
Ron Baron 7,837 sh (+72.74%)
Ray Dalio 190,185 sh (+53.5%)
David Dreman 7,341 sh (+11.8%)
Leon Cooperman 2,900,800 sh (+1.7%)
Pioneer Investments 1,500,782 sh (+1.13%)
Jeremy Grantham 104,900 sh (+1.06%)
Steven Cohen 250,000 sh (unchged)
PRIMECAP Management 7,300 sh (unchged)
Steven Cohen Sold Out
John Paulson 15,501,382 sh (-0.03%)
Mario Gabelli 1,579,874 sh (-0.35%)
Murray Stahl 132,051 sh (-0.4%)
John Buckingham 148,836 sh (-0.69%)
Louis Moore Bacon 14,582 sh (-4.45%)
Ken Fisher 13,436 sh (-5.25%)
Chris Davis 176,497 sh (-8.86%)
David Tepper 1,128,056 sh (-35.71%)
» More
Q1 2014

FCX Guru Trades in Q1 2014

Steven Cohen 38,430 sh (New)
Louis Moore Bacon 64,582 sh (+342.89%)
Ray Dalio 368,085 sh (+93.54%)
John Buckingham 166,175 sh (+11.65%)
Leon Cooperman 2,986,000 sh (+2.94%)
Ron Baron 7,837 sh (unchged)
Paul Tudor Jones 50,000 sh (unchged)
PRIMECAP Management 7,300 sh (unchged)
Caxton Associates Sold Out
Signature Select Canadian Fund Sold Out
Mariko Gordon Sold Out
David Tepper Sold Out
Chris Davis 176,464 sh (-0.02%)
Pioneer Investments 1,498,051 sh (-0.18%)
Mario Gabelli 1,513,274 sh (-4.22%)
David Dreman 6,918 sh (-5.76%)
Ken Fisher 11,596 sh (-13.69%)
John Paulson 10,123,500 sh (-34.69%)
Paul Tudor Jones 54,000 sh (-44.67%)
Jeremy Grantham 43,800 sh (-58.25%)
Murray Stahl 35,764 sh (-72.92%)
» More
Q2 2014

FCX Guru Trades in Q2 2014

George Soros 139,781 sh (New)
Ron Baron 11,237 sh (+43.38%)
David Dreman 9,598 sh (+38.74%)
Ken Fisher 12,840 sh (+10.73%)
Murray Stahl 37,670 sh (+5.33%)
John Buckingham 167,487 sh (+0.79%)
PRIMECAP Management 7,300 sh (unchged)
Chris Davis 176,464 sh (unchged)
Jeremy Grantham Sold Out
Mario Gabelli 1,489,174 sh (-1.59%)
Ray Dalio 305,185 sh (-17.09%)
Leon Cooperman 2,420,600 sh (-18.94%)
Louis Moore Bacon 50,000 sh (-22.58%)
Pioneer Investments 838,979 sh (-44%)
John Paulson 5,300,000 sh (-47.65%)
Paul Tudor Jones 8,800 sh (-83.7%)
» More
Q3 2014

FCX Guru Trades in Q3 2014

Jeremy Grantham 7,400 sh (New)
Jim Simons 1,223,071 sh (New)
Signature Select Canadian Fund 107,300 sh (New)
Paul Tudor Jones 26,667 sh (+203.03%)
Mario Gabelli 1,641,026 sh (+10.2%)
Chris Davis 192,194 sh (+8.91%)
Ron Baron 11,937 sh (+6.23%)
John Buckingham 168,111 sh (+0.37%)
Murray Stahl 37,670 sh (unchged)
PRIMECAP Management 7,300 sh (unchged)
John Paulson Sold Out
Louis Moore Bacon Sold Out
George Soros Sold Out
Leon Cooperman Sold Out
Ray Dalio 267,800 sh (-12.25%)
David Dreman 8,238 sh (-14.17%)
Ken Fisher 9,124 sh (-28.94%)
Pioneer Investments 483,725 sh (-42.34%)
» More
» Details

Insider Trades

Latest Guru Trades with FCX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Leon Cooperman 2014-09-30 Sold Out 1.2%$32.4 - $39.04 $ 23.4-36%0
John Paulson 2014-09-30 Sold Out 0.84%$32.4 - $39.04 $ 23.4-36%0
George Soros 2014-09-30 Sold Out 0.04%$32.4 - $39.04 $ 23.4-36%0
Ken Fisher 2014-09-30 Reduce -28.94%$32.4 - $39.04 $ 23.4-36%9124
John Paulson 2014-06-30 Reduce -47.65%0.76%$32.56 - $36.07 $ 23.4-32%5300000
Leon Cooperman 2014-06-30 Reduce -18.94%0.25%$32.56 - $36.07 $ 23.4-32%2420600
George Soros 2014-06-30 New Buy0.04%$32.56 - $36.07 $ 23.4-32%139781
David Dreman 2014-06-30 Add 38.74%0.01%$32.56 - $36.07 $ 23.4-32%9598
Ron Baron 2014-06-30 Add 43.38%$32.56 - $36.07 $ 23.4-32%11237
John Paulson 2014-03-31 Reduce -34.69%1.01%$30.64 - $37.74 $ 23.4-30%10123500
David Tepper 2014-03-31 Sold Out 0.53%$30.64 - $37.74 $ 23.4-30%0
Ray Dalio 2014-03-31 Add 93.54%0.05%$30.64 - $37.74 $ 23.4-30%368085
Mariko Gordon 2014-03-31 Sold Out 0.03%$30.64 - $37.74 $ 23.4-30%0
David Tepper 2013-12-31 Reduce -35.71%0.33%$32.88 - $37.68 $ 23.4-34%1128056
Mariko Gordon 2013-12-31 New Buy0.03%$32.88 - $37.68 $ 23.4-34%17793
Ray Dalio 2013-12-31 Add 53.5%0.02%$32.88 - $37.68 $ 23.4-34%190185
Ron Baron 2013-12-31 Add 72.74%$32.88 - $37.68 $ 23.4-34%7837
Premium More recent guru trades are included for Premium Members only!!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Freeport-McMoRan Inc

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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Ratios

vs
industry
vs
history
P/E(ttm) 10.80
FCX's P/E(ttm) is ranked higher than
96% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 10.80 )
FCX' s 10-Year P/E(ttm) Range
Min: 2.71   Max: 77.08
Current: 10.8

2.71
77.08
P/B 1.13
FCX's P/B is ranked higher than
80% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 1.27 vs. FCX: 1.13 )
FCX' s 10-Year P/B Range
Min: 0.45   Max: 114.17
Current: 1.13

0.45
114.17
P/S 1.11
FCX's P/S is ranked higher than
90% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 1.11 )
FCX' s 10-Year P/S Range
Min: 0.41   Max: 3.99
Current: 1.11

0.41
3.99
EV-to-EBIT 9.47
FCX's EV-to-EBIT is ranked higher than
95% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 9.47 )
FCX' s 10-Year EV-to-EBIT Range
Min: -3.5   Max: 27.7
Current: 9.47

-3.5
27.7
Current Ratio 1.42
FCX's Current Ratio is ranked higher than
69% of the 2425 Companies
in the Global Copper industry.

( Industry Median: 2.39 vs. FCX: 1.42 )
FCX' s 10-Year Current Ratio Range
Min: 0.87   Max: 5.06
Current: 1.42

0.87
5.06
Quick Ratio 0.56
FCX's Quick Ratio is ranked higher than
62% of the 2424 Companies
in the Global Copper industry.

( Industry Median: 1.67 vs. FCX: 0.56 )
FCX' s 10-Year Quick Ratio Range
Min: 0.24   Max: 3.6
Current: 0.56

0.24
3.6

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 5.34
FCX's Dividend Yield is ranked higher than
83% of the 681 Companies
in the Global Copper industry.

( Industry Median: 2.08 vs. FCX: 5.34 )
FCX' s 10-Year Dividend Yield Range
Min: 0.17   Max: 10.8
Current: 5.34

0.17
10.8
Dividend Payout 0.58
FCX's Dividend Payout is ranked higher than
96% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 0.58 )
FCX' s 10-Year Dividend Payout Range
Min: 0.08   Max: 45
Current: 0.58

0.08
45
Dividend growth (3y) 40.60
FCX's Dividend growth (3y) is ranked higher than
96% of the 487 Companies
in the Global Copper industry.

( Industry Median: 9.40 vs. FCX: 40.60 )
FCX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 66.7
Current: 40.6

0
66.7
Yield on cost (5-Year) 5.40
FCX's Yield on cost (5-Year) is ranked higher than
73% of the 697 Companies
in the Global Copper industry.

( Industry Median: 2.90 vs. FCX: 5.40 )
FCX' s 10-Year Yield on cost (5-Year) Range
Min: 0.17   Max: 10.8
Current: 5.4

0.17
10.8
Share Buyback Rate -2.00
FCX's Share Buyback Rate is ranked higher than
90% of the 1909 Companies
in the Global Copper industry.

( Industry Median: -9.40 vs. FCX: -2.00 )
FCX' s 10-Year Share Buyback Rate Range
Min: 7.7   Max: -29
Current: -2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.23
FCX's Price/Tangible Book is ranked higher than
81% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 1.51 vs. FCX: 1.23 )
FCX' s 10-Year Price/Tangible Book Range
Min: 1.59   Max: 106.19
Current: 1.23

1.59
106.19
Price/DCF (Projected) 0.67
FCX's Price/DCF (Projected) is ranked higher than
97% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 0.67 )
FCX' s 10-Year Price/DCF (Projected) Range
Min: 0.35   Max: 25.94
Current: 0.67

0.35
25.94
Price/Median PS Value 0.50
FCX's Price/Median PS Value is ranked higher than
93% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 0.50 )
FCX' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 1.75
Current: 0.5

0.27
1.75
Price/Graham Number 0.67
FCX's Price/Graham Number is ranked higher than
97% of the 2646 Companies
in the Global Copper industry.

( Industry Median: 9999.00 vs. FCX: 0.67 )
FCX' s 10-Year Price/Graham Number Range
Min: 0.6   Max: 8.25
Current: 0.67

0.6
8.25
Earnings Yield (Greenblatt) 10.60
FCX's Earnings Yield (Greenblatt) is ranked higher than
95% of the 2387 Companies
in the Global Copper industry.

( Industry Median: -5.10 vs. FCX: 10.60 )
FCX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.6   Max: 36.2
Current: 10.6

3.6
36.2
Forward Rate of Return (Yacktman) 3.95
FCX's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 678 Companies
in the Global Copper industry.

( Industry Median: 2.01 vs. FCX: 3.95 )
FCX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -0.5   Max: 81.1
Current: 3.95

-0.5
81.1

Business Description

Industry: Metals & Mining » Copper
Compare:SCCO, OZMLY, SFRRF, IPLRF, AZC » details
Traded in other countries:FPMB.Germany, FCXO34.Brazil, FCX.Mexico, FCX.Chile,
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
Investors Should Gradually Accumulate Freeport-McMoRan Dec 19 2014 
Freeport McMoran Has Good Long-Term Prospects Dec 15 2014 
Weekly 3-Year Low Highlights: E, FCX, SSL, VET, NBR Dec 08 2014 
A Freeport-McMoRan Buy Recommendation Is a Matter of Time Nov 26 2014 
Weekly Guru Bargains Highlights: MT, FCX, CLR, BSBR, APA Nov 17 2014 
Sesa Sterlite Looks More Attractive After Correction Nov 14 2014 
Accumulate Freeport–McMoRan For The Long Term Nov 12 2014 
Guru Favorites Make Up For Top Dividend Growers of the Week Sep 30 2014 
Freeport McMoRan's Improving Business Makes It a Smart Investment Sep 26 2014 
Here's Why Freeport-McMoRan Can Improve in the Future Sep 23 2014 


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