Freeport-McMoRan (XTER:FPMB) Beginning Cash Position: €3,610 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XTER:FPMB Freeport-McMoRan Inc XTER:FPMB
90 GF Score
Price €53.65
GF Value €40.74
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Freeport-McMoRan Beginning Cash Position?

Freeport-McMoRan XTER:FPMB -0.15% 90 Beginning Cash Position is €3,610 Mil as of Mar. 2026. GuruFocus rates XTER:FPMB with a GF Score™ of 90/100 and a GF Value™ of €40.74 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Freeport-McMoRan's Beginning Cash Position for the quarter that ended in Mar. 2026 was €3,610 Mil.

Freeport-McMoRan's quarterly Beginning Cash Position declined from Sep. 2025 (€4,110 Mil) to Dec. 2025 (€3,974 Mil) and declined from Dec. 2025 (€3,974 Mil) to Mar. 2026 (€3,610 Mil).

Freeport-McMoRan's annual Beginning Cash Position declined from Dec. 2023 (€7,694 Mil) to Dec. 2024 (€5,790 Mil) and declined from Dec. 2024 (€5,790 Mil) to Dec. 2025 (€4,194 Mil).

Freeport-McMoRan Beginning Cash Position Related Terms

Freeport-McMoRan Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for Freeport-McMoRan's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Freeport-McMoRan Beginning Cash Position Chart

Freeport-McMoRan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,454.16 7,848.42 7,693.63 5,790.17 4,193.99

Freeport-McMoRan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,542.68 4,289.92 4,110.05 3,973.66 3,609.65
XTER:FPMB
90GF Score
Freeport-McMoRan Inc XTER:FPMB
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Freeport-McMoRan Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of €3,610 Mil mean?
Freeport-McMoRan (XTER:FPMB) has a Beginning Cash Position of €3,610 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Freeport-McMoRan and its competitors.
Is Freeport-McMoRan's Beginning Cash Position too high?
Freeport-McMoRan's current Beginning Cash Position is €3,610 Mil. Overall, Freeport-McMoRan has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freeport-McMoRan's Beginning Cash Position compare to SCCO and IE?
Freeport-McMoRan's Beginning Cash Position of €3,610 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Metals & Mining company?
A good Beginning Cash Position depends on the Metals & Mining industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Freeport-McMoRan and its competitors. Freeport-McMoRan's current Beginning Cash Position is €3,610 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freeport-McMoRan stock overvalued right now?
Based on GuruFocus' analysis, Freeport-McMoRan (XTER:FPMB) is currently considered Significantly Overvalued. The stock's GF Value™ is €40.74, compared to a current price of €53.65 — trading 31.7% above its estimated fair value. The current Beginning Cash Position is €3,610 Mil. Freeport-McMoRan's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Freeport-McMoRan (XTER:FPMB), the current Beginning Cash Position is €3,610 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Freeport-McMoRan (XTER:FPMB) Overvalued in 2026?

Based on GuruFocus' analysis, Freeport-McMoRan stock appears to be overvalued. The current stock price of €53.65 is trading 31.7% above its estimated GF Value™ of €40.74. GuruFocus considers Freeport-McMoRan to be Significantly Overvalued.

Key valuation signals for XTER:FPMB:

  • Beginning Cash Position: €3,610 Mil
  • GF Value™: €40.74 vs. price of €53.65 (31.7% above fair value)
  • GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the XTER:FPMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Freeport-McMoRan Business Description

Address 4340 East. Cotton Center boulevard, Suite 110, Phoenix, AZ, USA, 85040-8852
Freeport-McMoRan owns stakes in 10 copper mines, led by its 49% ownership of the Grasberg copper and gold operations in Indonesia, 55% of the Cerro Verde mine in Peru, and 72% of Morenci in Arizona. It sold around 1.1 million metric tons of copper (its share) in 2025, making it the one of the world's largest copper miners by volume. It also sold about 530,000 ounces of gold, mostly from Grasberg, and 74 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2025. We expect it to sell about 1.3 million metric tons of copper and 610,000 ounces of gold midcycle in 2030.
90GF Score

Get the complete analysis for XTER:FPMB

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€53.65
Price
€40.74
GF Value