Basic Materials › Copper

Freeport-McMoRan Inc. (FCX) Stock Overview

Market Cap: $81.18B

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals.

May 1, 2026$56.55

1Y +55.3%

Rewards

★Freeport-McMoRan Inc. has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
★Freeport-McMoRan Inc. scores 71/100 on the Economic Moat Score (Wide Moat), with roic consistency as the strongest competitive dimension.
★PEG ratio of 0.19 suggests the stock is undervalued relative to its growth rate — paying less than 1x for each unit of earnings growth.

Risks

⚠FCF yield of 1.7% is below 3%, meaning the market is pricing in substantial future growth to justify the current price.
⚠Insiders have sold $34.0M worth of stock in the past 3 months — significant insider liquidation.
⚠Free cash flow has declined at a 12.6% CAGR over the past 4 years — a concerning trend.

FCX Key Valuation Metrics

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Free Cash Flow

$1.40B

FCF Yield

1.72%

Trailing P/E

29.92

Forward P/E

15.32

ROIC

11.49%

ROE

6.99%

Gross Margin

37.10%

PEG Ratio

0.19

Debt / Equity

0.33

Interest Coverage

N/A

Net Debt / EBITDA

0.72

Dividend Yield

1.06%

FCX Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

FCX $1 Retained Earnings Test

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Market Value

$5.51

created per $1 retained

Exceptional Value Creator

Earning Power

$-1.84

created per $1 retained

Earning Power Declined

Σ Retained

$3.35B

Δ Market Cap

+$18.44B

Δ Earning Power

$-6.16B

Buffett's "$1 Test": For every $1 retained, how much value did management create?
Market Value = market's verdict (mood-sensitive) · Earning Power = fcf / discount rate (mood-independent)

FCX Discounted Cash Flow (DCF) Analysis

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14.5% Margin of Safety

Price is 14.5% below estimated fair value

Current Price: $56.55

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $66.16

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Parameter	Min (Bear)Value	BaseValue	Max (Bull)Value
Initial Cash Flow
Growth Rate (Yr 1-5)	%	%	%
Growth Rate (Yr 6-10)	%	%	%
Terminal Growth Rate	%	%	%
Discount Rate	%	%	%
	Bear Case $28.41 Implied EV: $47.45B	Base Case $66.16 Implied EV: $101.64B	Bull Case $117.18 Implied EV: $174.88B

Reverse DCF — Market-Implied Growth

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What growth rate is the market pricing in at $57?

+23.4%

Market-Implied FCF Growth Rate

Market pricing in significantly higher growth than history — aggressive.

FCX Economic Moat Score

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71/100

Wide Moat

70+ Wide · 40-69 Narrow · <40 None

Wide moat driven primarily by roic consistency. Reinvestment Efficiency is the area most vulnerable to competitive pressure.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

FCX Forensic Accounting

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-2.05

Possible Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

FCX Management & Board

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Ms. Kathleen Lynne Quirk

CEO, President & Director · Age 61

$3.01M

total pay

Ms. Maree E. Robertson

Executive VP & CFO · Age 49

$1.69M

total pay

Mr. Stephen T. Higgins

Executive VP & Chief Administrative Officer · Age 67

$1.43M

total pay

Mr. Douglas N. Currault II

Executive VP & General Counsel · Age 60

$1.30M

total pay

Ms. Ellie L. Mikes

VP & Chief Accounting Officer · Age 47

Mr. Bertrand L. Odinet II

Senior VP, Chief Information Officer & Chief Innovation Officer

Mr. David Joint

Vice President of Investor Relations

Ms. Pamela Q. Masson

Senior VP & Chief Human Resources Officer,

Mr. W. Russell King

Senior Vice President of International Relations & Federal Government Affairs · Age 75

Mr. A. Cory Stevens

Senior Vice President and President & COO of Freeport McMoRan Mining Services

FCX Ownership

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Insiders 0.7%Institutions 89.0%Retail & Other 10.3%

No. of Institutional Holders2,323

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

FCX Insider Buying Activity

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Buys (3M)

Buys (12M)

No open market insider purchases found.

Open market purchases · includes direct & indirect ownership · excludes option exercises

FCX Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $36.13M

MIKES ELLIE L.

Officer

$682,345

@ $62.03 · 2026-02-18

ROBERTSON MAREE E

Chief Financial Officer

$2.99M

@ $61.55 · 2026-02-13

ADKERSON RICHARD C

Chairman of the Board

$25.46M

@ $63.50 · 2026-02-11

CURRAULT DOUGLAS NICHOLAS II

General Counsel

$4.84M

@ $64.52 · 2026-02-11

HIGGINS STEPHEN T

Officer

$1.36M

@ $47.99 · 2025-12-11

MIKES ELLIE L.

Officer

$456,202

@ $47.66 · 2025-12-11

MIKES ELLIE L.

Officer

$343,520

@ $40.02 · 2025-06-02

ROBERTSON MAREE E

Chief Financial Officer

$583,878

@ $44.91 · 2024-11-11

HIGGINS STEPHEN T

Officer

$4.16M

@ $52.03 · 2024-05-13

ADKERSON RICHARD C

Chief Executive Officer

$2.78M

@ $50.78 · 2024-05-06

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

FCX 🎭 Mr. Market's Mood

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😐Neutral(42/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

FCX ⚖️ Buffett Signal

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⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (42)

FCX Investment Checklist & Notes

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Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 5/4/2026, 7:43:29 AM

FCX Insider Buying Activity

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Buys (3M)

Buys (12M)

No open market insider purchases found.

Open market purchases · includes direct & indirect ownership · excludes option exercises

FCX Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $36.13M

MIKES ELLIE L.

Officer

$682,345

@ $62.03 · 2026-02-18

ROBERTSON MAREE E

Chief Financial Officer

$2.99M

@ $61.55 · 2026-02-13

ADKERSON RICHARD C

Chairman of the Board

$25.46M

@ $63.50 · 2026-02-11

CURRAULT DOUGLAS NICHOLAS II

General Counsel

$4.84M

@ $64.52 · 2026-02-11

HIGGINS STEPHEN T

Officer

$1.36M

@ $47.99 · 2025-12-11

MIKES ELLIE L.

Officer

$456,202

@ $47.66 · 2025-12-11

MIKES ELLIE L.

Officer

$343,520

@ $40.02 · 2025-06-02

ROBERTSON MAREE E

Chief Financial Officer

$583,878

@ $44.91 · 2024-11-11

HIGGINS STEPHEN T

Officer

$4.16M

@ $52.03 · 2024-05-13

ADKERSON RICHARD C

Chief Executive Officer

$2.78M

@ $50.78 · 2024-05-06

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

FCX Investment Checklist & Notes

Learn more →

Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 5/4/2026, 7:43:29 AM

Freeport-McMoRan Inc. (FCX) Stock Overview

Rewards

Risks

FCX Key Valuation Metrics

FCX Historical Fundamentals

FCX $1 Retained Earnings Test

FCX Discounted Cash Flow (DCF) Analysis

Reverse DCF — Market-Implied Growth

FCX Economic Moat Score

FCX Forensic Accounting

M-Score Trend

FCX Management & Board

FCX Ownership

FCX Insider Buying Activity

FCX Insider Selling Activity

FCX 🎭 Mr. Market's Mood

FCX ⚖️ Buffett Signal

Compare FCX

FCX Investment Checklist & Notes

FCX Insider Buying Activity

FCX Insider Selling Activity

FCX Investment Checklist & Notes