GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Freeport-McMoRan Inc (XKAZ:FCX_KZ) » Definitions » Cyclically Adjusted Price-to-FCF

Freeport-McMoRan (XKAZ:FCX_KZ) Cyclically Adjusted Price-to-FCF : 45.79 (As of Jul. 13, 2025)


View and export this data going back to 2021. Start your Free Trial

What is Freeport-McMoRan Cyclically Adjusted Price-to-FCF?

As of today (2025-07-13), Freeport-McMoRan's current share price is $48.99. Freeport-McMoRan's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $1.07. Freeport-McMoRan's Cyclically Adjusted Price-to-FCF for today is 45.79.

The historical rank and industry rank for Freeport-McMoRan's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XKAZ:FCX_KZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.89   Med: 17.26   Max: 121.26
Current: 44.44

During the past years, Freeport-McMoRan's highest Cyclically Adjusted Price-to-FCF was 121.26. The lowest was 1.89. And the median was 17.26.

XKAZ:FCX_KZ's Cyclically Adjusted Price-to-FCF is ranked worse than
64.29% of 252 companies
in the Metals & Mining industry
Industry Median: 28.31 vs XKAZ:FCX_KZ: 44.44

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Freeport-McMoRan's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $-0.079. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.07 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Freeport-McMoRan Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Freeport-McMoRan's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Freeport-McMoRan Cyclically Adjusted Price-to-FCF Chart

Freeport-McMoRan Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.30 91.38 67.36 83.77 42.81

Freeport-McMoRan Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF 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 76.58 65.07 63.44 42.81 36.29

Competitive Comparison of Freeport-McMoRan's Cyclically Adjusted Price-to-FCF

For the Copper subindustry, Freeport-McMoRan's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Freeport-McMoRan's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Freeport-McMoRan's Cyclically Adjusted Price-to-FCF falls into.


;
;

Freeport-McMoRan Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Freeport-McMoRan's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=48.99/1.07
=45.79

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Freeport-McMoRan's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-0.079/134.9266*134.9266
=-0.079

Current CPI (Mar. 2025) = 134.9266.

Freeport-McMoRan Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.569 100.684 -0.763
201509 -0.658 100.392 -0.884
201512 -0.582 99.792 -0.787
201603 -0.193 100.470 -0.259
201606 0.032 101.688 0.042
201609 0.360 101.861 0.477
201612 0.455 101.863 0.603
201703 0.296 102.862 0.388
201706 0.476 103.349 0.621
201709 0.596 104.136 0.772
201712 0.869 104.011 1.127
201803 0.602 105.290 0.771
201806 0.570 106.317 0.723
201809 0.504 106.507 0.638
201812 -0.378 105.998 -0.481
201903 -0.060 107.251 -0.075
201906 -0.052 108.070 -0.065
201909 -0.304 108.329 -0.379
201912 -0.389 108.420 -0.484
202003 -0.446 108.902 -0.553
202006 -0.025 108.767 -0.031
202009 0.548 109.815 0.673
202012 0.632 109.897 0.776
202103 0.477 111.754 0.576
202106 1.323 114.631 1.557
202109 0.960 115.734 1.119
202112 1.016 117.630 1.165
202203 0.659 121.301 0.733
202206 0.520 125.017 0.561
202209 -0.054 125.227 -0.058
202212 0.015 125.222 0.016
202303 -0.049 127.348 -0.052
202306 0.354 128.729 0.371
202309 0.040 129.860 0.042
202312 -0.029 129.419 -0.030
202403 0.445 131.776 0.456
202406 0.581 132.554 0.591
202409 0.466 133.029 0.473
202412 0.136 133.157 0.138
202503 -0.079 134.927 -0.079

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Freeport-McMoRan  (XKAZ:FCX_KZ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Freeport-McMoRan Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Freeport-McMoRan's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Freeport-McMoRan Business Description

Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
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 1.2 million metric tons of copper (its share) in 2024, making it the one of the world's largest copper miners by volume. It also sold about 900,000 ounces of gold, mostly from Grasberg, and 70 million pounds of molybdenum. It had about 25 years of copper reserves at the end of December 2024. We expect it to sell similar amounts of copper midcycle in 2029, though we expect gold volumes to decline to about 700,000 ounces then due to falling production at Grasberg.

Freeport-McMoRan Headlines

No Headlines