Freeport-McMoRan Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 15.81
Dividend & Yield0.60$ (1.40%)
Beta 2
Market capitalization 62.56B
Operating cash flow 5.14B
ESG Scores 31.9

Company description

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile. It also operates a portfolio of oil and gas properties primarily located in offshore California and the Gulf of Mexico. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was incorporated in 1987 and is headquartered in Phoenix, Arizona.

Sector: Basic Materials - Industry: Copper

Financial Ratios
Quick Ratio1.75
Working Capital0.48
Return On Equity0.31
Debt To Equity0.65
Fixed Asset Ratio0.01
Fixed Interest Cover14.84

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -60M 115M 495M
Total Cashflows From Investing Activities -2.1B -1.26B -1.96B -3.44B
Net Borrowings -1.32B -193M -260M 1.22B
Total Cash From Financing Activities -1.56B -128M -1.34B -1.62B
Change To Operating Activities 60M -27M -101M -12M
Issuance Of Stock 2M 51M 210M 125M
Net Income -239M 599M 4.31B 3.47B
Change In Cash -2.18B 1.62B 4.41B 76M
Effect Of Exchange Rate
Total Cash From Operating Activities 1.48B 3.02B 7.71B 5.14B
Depreciation 1.63B 1.76B 2.21B 2.26B
Change To Account Receivables 119M 132M -472M 56M
Other Cashflows From Financing Activities 59M 104M -442M -700M
Change To Netincome -260M -8M 440M 936M
Capital Expenditures -2.65B -1.96B -2.12B -3.47B

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 318M 1.81B 7.66B 6.75B
Net Income -239M 599M 4.31B 3.47B
Selling General Administrative 447M 391M 376M 444M
Gross Profit 2.69B 4.07B 10.9B 9.71B
Ebit 621M 2.07B 8.38B 7.05B
Operating Income 621M 2.07B 8.38B 7.05B
Interest Expense -542M -563M -559M -555M
Income Tax Expense 510M 944M 2.3B 2.27B
Total Revenue 14.4B 14.2B 22.84B 22.78B
Cost Of Revenue 11.71B 10.13B 11.94B 13.07B
Total Other Income ExpenseNet -303M -264M -721M -309M
Net Income From Continuing Ops -192M 865M 5.37B 4.48B
Net Income Applicable To Common Shares -242M 596M 4.3B 3.46B

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 23.36B 23.48B 25B 26.22B
Total Stockholder Equity 9.3B 10.17B 13.98B 15.55B
Other Current Liabilities 495M 799M 2.36B 1.44B
Total Assets 40.81B 42.14B 48.02B 51.09B
Common Stock 158M 159M 160M 161M
Other Current Assets 655M 341M 523M 492M
Retained Earnings -12.28B -11.68B -7.38B -3.91B
Treasury Stock -4.41B -4.34B -4.68B -6.02B
Cash 2.02B 3.66B 8.07B 8.15B
Total Current Liabilities 3.21B 3.42B 5.89B 6.34B
Other Stockholder Equity -676M -583M -388M -320M
Property, Plant, and Equipment 29.58B 29.82B 30.34B 32.63B
Total Current Assets 7.92B 9.3B 14.83B 15.61B
Net Tangible Assets 8.9B 9.77B 13.57B 15.14B
Net Receivables 1.17B 1.41B 1.74B 1.79B
Accounts Payable 1.65B 1.47B 2.04B 2.7B


Insider Transactions

Here are the insider transactions of stock shares related to Freeport-McMoRan Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HIGGINS STEPHEN TD2023-02-15Officer5k
CURRAULT DOUGLAS NICHOLAS IID2023-02-15General Counsel5k
ADKERSON RICHARD CStock Award(Grant) at price 0.00 per share.D2023-02-07Chief Executive Officer1.15M
QUIRK KATHLEEN LStock Award(Grant) at price 0.00 per share.D2023-02-07President421.5k
HIGGINS STEPHEN TStock Award(Grant) at price 0.00 per share.D2023-02-07Officer20k
CURRAULT DOUGLAS NICHOLAS IIStock Award(Grant) at price 0.00 per share.D2023-02-07General Counsel18k
ROBERTSON MAREE EStock Award(Grant) at price 0.00 per share.D2023-02-07Chief Financial Officer23.5k
MIKES ELLIE L.Stock Award(Grant) at price 0.00 per share.D2023-02-07Officer16k
ADKERSON RICHARD CConversion of Exercise of derivative security at price 35.01 per share.D2023-01-10Chief Executive Officer450k
QUIRK KATHLEEN LConversion of Exercise of derivative security at price 35.01 per share.D2023-01-10President150k
GRANT HUGH NStock Award(Grant) at price 38.00 per share.D2022-12-30Director822
STEPHENS JOHN JOSEPHStock Award(Grant) at price 38.00 per share.D2022-12-30Director493
CURRAULT DOUGLAS NICHOLAS IISale at price 40.25 per share.D2022-12-02General Counsel75k
CURRAULT DOUGLAS NICHOLAS IIConversion of Exercise of derivative security at price 30.94 - 35.01 per share.D2022-12-02General Counsel75k
GRANT HUGH NStock Award(Grant) at price 27.33 per share.D2022-09-30Director1.14k
STEPHENS JOHN JOSEPHStock Award(Grant) at price 27.33 per share.D2022-09-30Director686
LANCE RYAN MICHAELPurchase at price 31.88 per share.I2022-08-29Director31k
ADKERSON RICHARD CStock Gift at price 0.00 per share.I2022-08-19Chief Executive Officer244.34k
LEWIS SARA GROOTWASSINKPurchase at price 28.79 per share.D2022-08-03Director3k
GRANT HUGH NStock Award(Grant) at price 29.26 per share.D2022-07-01Director1.07k
STEPHENS JOHN JOSEPHStock Award(Grant) at price 29.26 per share.D2022-07-01Director640
MCCOY DUSTAN EStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
GRANT HUGH NStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
KENNARD LYDIA HStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
ABNEY DAVID PStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
LANCE RYAN MICHAELStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
TOWNSEND FRANCES FRAGOSStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
STEPHENS JOHN JOSEPHStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
DONADIO MARCELA EStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
LEWIS SARA GROOTWASSINKStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
DUDLEY ROBERT WStock Award(Grant) at price 0.00 per share.D2022-06-01Director4.5k
MCCOY DUSTAN ESale at price 39.24 per share.D2022-05-31Director8.2k
MCCOY DUSTAN EConversion of Exercise of derivative security at price 32.07 per share.D2022-05-31Director10k
GRANT HUGH NPurchase at price 40.75 per share.D2022-04-25Director12.3k
GRANT HUGH NStock Award(Grant) at price 49.74 per share.D2022-04-01Director628
STEPHENS JOHN JOSEPHStock Award(Grant) at price 49.74 per share.D2022-04-01Director376
WHITMIRE CLAUDE DONALD JRSale at price 49.96 - 49.98 per share.I2022-03-04Officer170
ROBERTSON MAREE EStock Award(Grant) at price 0.00 per share.D2022-03-01Chief Financial Officer48.5k
QUIRK KATHLEEN LSale at price 44.02 per share.D2022-02-16President80k
QUIRK KATHLEEN LConversion of Exercise of derivative security at price 18.98 per share.D2022-02-16President380k
HIGGINS STEPHEN TD2022-02-15Officer5k
CURRAULT DOUGLAS NICHOLAS IID2022-02-15General Counsel5k
WHITMIRE CLAUDE DONALD JRSale at price 43.44 per share.D2022-02-09Officer44k
WHITMIRE CLAUDE DONALD JRConversion of Exercise of derivative security at price 4.35 - 35.01 per share.D2022-02-09Officer44k
ADKERSON RICHARD CStock Award(Grant) at price 0.00 per share.D2022-02-07Chief Executive Officer878.38k
WHITMIRE CLAUDE DONALD JRStock Award(Grant) at price 0.00 per share.D2022-02-07Officer15k
QUIRK KATHLEEN LStock Award(Grant) at price 0.00 per share.D2022-02-07Chief Financial Officer470.69k
HIGGINS STEPHEN TStock Award(Grant) at price 0.00 per share.D2022-02-07Officer18.5k
CURRAULT DOUGLAS NICHOLAS IIStock Award(Grant) at price 0.00 per share.D2022-02-07General Counsel16.5k
QUIRK KATHLEEN LSale at price 38.55 per share.D2022-02-04Chief Financial Officer40.5k
QUIRK KATHLEEN LConversion of Exercise of derivative security at price 24.08 per share.D2022-02-04Chief Financial Officer40.5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Freeport-McMoRan Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Freeport-McMoRan Inc

Here is the result of two systematic investment strategies applied to Freeport-McMoRan Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Freeport-McMoRan Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Freeport-McMoRan Inc:

Freeport-McMoRan Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 112.58% on the backtest period.

Performance at glance

Performance

112.58 %

Latent gain

2578.2 $

Invested capital

2290.04 $

Annualized return

27.19 %
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Momentum strategy results on Freeport-McMoRan Inc

This is the result of two momentum investment strategies applied to Freeport-McMoRan Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Freeport-McMoRan Inc

The following chart shows all the entries opened by the momentum investment system on Freeport-McMoRan Inc:

Freeport-McMoRan Inc momentum entries
  • The first momentum investment strategy would give 111.88% of return on Freeport-McMoRan Inc. That represents 4494.22$ of latent gain with 4017.14$ of employed capital.
  • The second momentum investment strategy would give 153.36% of return on Freeport-McMoRan Inc. That represents 3454.2$ of latent gain with 2252.28$ of employed capital.
Performance at glance (1Q Momentum)

Performance

111.88 %

Latent gain

4494.22 $

Invested capital

4017.14 $

Annualized return

63.57 %
Performance at glance (2Q Momentum)

Performance

153.36 %

Latent gain

3454.2 $

Invested capital

2252.28 $

Annualized return

41.9 %

Momentum equity curve on Freeport-McMoRan Inc

The following chart shows the equity curve of the two momentum strategies applied to Freeport-McMoRan Inc:

Freeport-McMoRan Inc momentum equity

Note: the dividends potentially given by Freeport-McMoRan Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Freeport-McMoRan Inc

The following chart shows the employed capital evolution of the two momentum strategies on Freeport-McMoRan Inc since the beginning:

Freeport-McMoRan Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Freeport-McMoRan Inc

Buy the dip entry openings on Freeport-McMoRan Inc

Freeport-McMoRan Inc

The performance achieved by the robo-advisor on Freeport-McMoRan Inc is 136.03%. That represents 2081.01$ of latent gain with 1529.87$ of employed capital. The following chart shows Freeport-McMoRan Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Freeport-McMoRan Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

136.03 %

Latent gain

2081.01 $

Invested capital

1529.87 $

Annualized return

63.57 %

Equity curve of the strategy applied to Freeport-McMoRan Inc

The following chart shows the result of the investment strategy applied to Freeport-McMoRan Inc:

Freeport-McMoRan Inc

Note: the dividends potentially given by Freeport-McMoRan Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Freeport-McMoRan Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Freeport-McMoRan Inc:

Freeport-McMoRan Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Freeport-McMoRan Inc

In this section, I will compare the three previous investment strategies applied to Freeport-McMoRan Inc.

Equity curve comparison on Freeport-McMoRan Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Freeport-McMoRan Inc investment strategy comparison

Employed capital comparison on Freeport-McMoRan Inc

Freeport-McMoRan Inc investment comparison

Performance comparison on Freeport-McMoRan Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 112.58% 2578.2$ 2290.04$ 27.19%
Momentum 1 quarter 111.88% 4494.22$ 4017.14$ 28.69%
Momentum 2 quarters 153.36% 3454.2$ 2252.28$ 41.9%
Non-directional 136.03% 2081.01$ 1529.87$ 63.57%
Annualized return comparison

Automatic investment

27.19 %

Momentum 1Q

41.9 %

Momentum 2Q

41.9 %

Non-directional

63.57 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Freeport-McMoRan Inc:

Positive correlations

Most correlated stocks this year

  • Freeport-McMoRan Inc

  • Most correlated stocks last 3 months

  • Stanley Black & Decker Inc - Unit
  • Forrester Research Inc
  • First Bancorp Inc (ME)
  • WYNNSTAY GROUP PLC ORD 25P
  • L.B. Foster Co. - Class A
  • Diamond Hill Investment Group Inc - Class A
  • Resolute Forest Products Inc
  • Universal Insurance Holdings Inc
  • Tupperware Brands Corporation
  • WestRock Company
  • Standard Motor Products Inc
  • Arrow Financial Corp
  • Luther Burbank Corp
  • Insteel Industries Inc
  • Matthews International Corp - Class A
  • Stanley Black & Decker Inc
  • First Foundation Inc
  • Verizon Communications Inc
  • Freeport-McMoRan Inc
  • Crocs Inc
  • Oppenheimer Holdings Inc - Class A
  • Topgolf Callaway Brands Corp
  • Core Laboratories N.V.
  • Global X SuperDividend ETF
  • Universal Stainless & Alloy Products Inc
  • Snap-on Inc
  • INVESCO INTERNATIONAL BUYBACK ACHIEVERS ETF
  • UMH Properties Inc
  • IShares MSCI Emerging Markets ex China ETF
  • Capri Holdings Ltd
  • Hasbro Inc
  • iShares MSCI Ireland ETF
  • Franklin Electric Co. Inc
  • Universal Corp
  • Curtiss-Wright Corp
  • WEIR GROUP PLC ORD 12.5P
  • Lincoln Electric Holdings Inc
  • Autoliv Inc
  • LyondellBasell Industries NV - Class A
  • Emerson Electric Company
  • JELD-WEN Holding Inc
  • Encore Wire Corp
  • DXP Enterprises Inc
  • First Bancorp PR
  • Forward Air Corp
  • Mosaic Company
  • Mueller Industries Inc
  • Invesco S&P SmallCap Materials ETF
  • Invesco S&P 500 Equal Weight Materials ETF
  • Invesco S&P SmallCap 600 Pure Value ETF
  • Scansource Inc
  • ITT Inc
  • Robert Half International Inc
  • Avient Corp
  • Whirlpool Corp
  • J.B. Hunt Transport Services Inc
  • MACOM Technology Solutions Holdings Inc
  • Paccar Inc
  • TE Connectivity Ltd
  • Donaldson Co. Inc
  • Oxford Industries Inc
  • Sensient Technologies Corp
  • Sierra Bancorp
  • Trico Bancshares
  • O-I Glass Inc
  • Ingevity Corp
  • Invesco S&P SmallCap Information Technology ETF
  • Kaman Corp
  • PPG Industries Inc
  • Flowserve Corp
  • VICTORYSHARES INTERNATIONAL HIGH DIV VOLATILITY WT
  • First Trust RiverFront Dynamic Developed Internati
  • Vanguard International High Dividend Yield ETF
  • VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF
  • Schwab International Equity ETF
  • SPDR Portfolio Developed World ex-US ETF
  • Crane Holdings Company
  • AGCO Corp
  • Marriott International Inc - Class A
  • Sonoco Products Company
  • iShares Trust iShares ESG Aware MSCI EAFE ETF
  • Vishay Precision Group Inc
  • Barrett Business Services Inc
  • Summit Materials Inc - Class A
  • Clearfield Inc
  • Minerals Technologies Inc
  • American Vanguard Corp
  • Trimas Corporation
  • Innospec Inc
  • Myers Industries Inc
  • Acuity Brands Inc
  • Miller Industries Inc
  • Canadian National Railway Company
  • Hibbett Inc
  • Fortive Corp
  • Genpact Ltd
  • Arlo Technologies Inc
  • ISHARES INDIA 50 ETF
  • Woori Financial Group Inc
  • Shinhan Financial Group Co. Ltd
  • DZS Inc
  • iMedia Brands Inc - Class A
  • Rush Enterprises Inc - Class A
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  • JAGUAR MINING INC
  • H.B. Fuller Company
  • CRH Plc
  • H&E Equipment Services Inc
  • Fabrinet
  • Gap Inc
  • Invesco RAFI Strategic Developed ex-US ETF
  • Rigel Pharmaceuticals
  • Pediatrix Medical Group Inc
  • Liberty TripAdvisor Holdings Inc - Series A
  • Almaden Minerals Ltd
  • Equitrans Midstream Corporation
  • Graham Holdings Co. - Class B
  • POSCO Holdings Inc
  • Valvoline Inc
  • Deere & Company
  • Radware
  • CGI Inc - Class A
  • Titan Machinery Inc
  • Maximus Inc
  • 3M Company
  • Leggett & Platt Inc
  • Union Pacific Corp
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  • Cactus Inc - Class A
  • Hudbay Minerals Inc
  • Mettler-Toledo International Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Freeport-McMoRan Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Freeport-McMoRan Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Freeport-McMoRan Inc
    Country United States
    City Phoenix
    Address 333 North Central Avenue
    Phone 602 366 8100
    Website fcx.com
    FullTime employees 25600
    Industry Copper
    Sector Basic Materials
    Exchange XNYS
    Ticker FCX
    Market www.nyse.com

    Freeport-McMoRan Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 16.6
    Peer Environment Performance 15.862631578947
    Environment Percentile unknown
    Palm Oil no
    Nuclear no
    Fur Leather no
    GMO no
    Coal no
    Pesticides no
    Animal Testing no

    Social scores

    Social ESG Factors Scores
    Social Score 10.1
    Peer Social Performance 10.887368421053
    Social Percentile unknown
    Highest Controversy 4
    Peer Highest Controversy Performance 2.4736842105263
    Adult no
    Gambling no
    Alcoholic no
    Tobacco no
    Catholic no
    Controversial Weapons no
    Small Arms no
    Military Contract no
    Peer Count yes

    Related Controversy: Operations Incidents


    Governance scores

    Governance ESG Factors Scores
    Governance Score 5.2
    Peer Governance Performance 7.4852631578947
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: 31.9
    Environment Score: 16.6
    Social Score: 10.1
    Governance Score: 5.2

    ESG Performance: OUT_PERF

    Peer Group: Diversified Metals

    Peer Esg Score Performance: 34.235789473684

    Rating Year: 2023

    Rating Month: 1

    Max Age: 86400

    Percentile: 72