Company Valuation: Freeport-McMoRan Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 61,279 54,314 61,044 54,718 72,931 108,764 - -
Change - -11.37% 12.39% -10.36% 33.28% 49.13% - -
Enterprise Value (EV) 1 62,661 56,814 65,708 59,743 78,256 112,424 109,675 102,762
Change - -9.33% 15.65% -9.08% 30.99% 43.66% -2.44% -6.3%
P/E 14.4x 15.9x 33.3x 29.3x 33.4x 25.5x 18.6x 18.7x
PBR 4.42x 3.5x 3.66x 3.11x 3.88x 4.91x 3.95x 3.26x
PEG - -0.9x -0.7x 18.75x 2x 0.3x 0.5x -44.3x
Capitalization / Revenue 2.68x 2.38x 2.67x 2.15x 2.81x 3.68x 3.06x 2.96x
EV / Revenue 2.74x 2.49x 2.88x 2.35x 3.02x 3.81x 3.09x 2.8x
EV / EBITDA 6.05x 6.27x 7.92x 5.95x 7.87x 9.07x 6.43x 5.45x
EV / EBIT 7.49x 8.07x 10.6x 8.7x 12x 11.4x 7.54x 6.57x
EV / FCF 11.2x 34x 144x 25.4x 70.1x 28.2x 13.9x 10.5x
FCF Yield 8.94% 2.94% 0.69% 3.94% 1.43% 3.54% 7.18% 9.53%
Dividend per Share 2 0.375 0.6 0.6 0.6 0.6 0.5957 0.6038 0.6082
Rate of return 0.9% 1.58% 1.41% 1.58% 1.18% 0.79% 0.8% 0.8%
EPS 2 2.9 2.39 1.28 1.3 1.52 2.968 4.07 4.053
Distribution rate 12.9% 25.1% 46.9% 46.2% 39.5% 20.1% 14.8% 15%
Net sales 1 22,845 22,780 22,855 25,455 25,915 29,537 35,513 36,687
EBITDA 1 10,364 9,056 8,293 10,034 9,942 12,398 17,069 18,842
EBIT 1 8,366 7,037 6,225 6,864 6,518 9,865 14,539 15,640
Net income 1 4,306 3,468 1,848 1,889 2,204 4,138 5,819 5,742
Net Debt 1 1,382 2,500 4,664 5,025 5,325 3,660 911.5 -6,002
Reference price 2 41.73 38.00 42.57 38.08 50.79 75.74 75.74 75.74
Nbr of stocks (in thousands) 1,468,474 1,429,327 1,433,977 1,436,928 1,435,931 1,436,018 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/23/25 1/22/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.76x3.84x9.15x0.78% 110B
27.42x10.48x16.13x1.91% 177B
13.06x1.55x6.28x2.75% 59.51B
20.71x3.84x12.46x0.92% 22.65B
37.16x - - 1.09% 22.61B
24.15x1.37x11.78x1.82% 20.35B
13.36x1.78x11.9x2.46% 19.34B
13.84x1.54x6.7x2.42% 16.98B
13.13x - - 3.99% 13.47B
Average 20.95x 3.49x 10.63x 2.02% 51.31B
Weighted average by Cap. 23.67x 5.98x 11.98x 1.76%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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