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Intrinsic value of Freeport-McMoRan Inc. (FCX)

Previous Close$36.31
Intrinsic Value
Upside potential
Previous Close
$36.31
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Cash & ST Investments
Total debt
Market cap, m$
52,904

Based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %61.2NaN
Revenue, $22357NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m13991NaN
Operating income, $m8366NaN
EBITDA, $m10364NaN
Interest expense (income), $mNaN
Earnings before tax, $m6598NaN
Tax expense, $m2299NaN
Net income, $m4299NaN

BALANCE SHEET

Cash and short-term investments, $m8182NaN
Total assets, $m48022NaN
Adjusted assets (=assets-cash), $m39840NaN
Average production assets, $m30488NaN
Working capital, $m8938NaN
Total debt, $m9769NaN
Total liabilities, $m34042NaN
Total equity, $m13980NaN
Debt-to-equity ratio0.699NaN
Adjusted equity ratio0.156NaN

CASH FLOW

Net income, $m4299NaN
Depreciation, amort., depletion, $m1998NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m7715NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-1868NaN
Free cash flow, $m9583NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m8938
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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