Freeport-mcmoran Inc Intrinsic Value Calculator – FREEPORT-MCMORAN INC: Copper Drops to Two-Week Low Amid Weak China Manufacturing Data
January 5, 2024
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FREEPORT-MCMORAN INC ($NYSE:FCX) is an American-based natural resource company specializing in the mining and production of copper, gold, and molybdenum. It is one of the world’s largest publicly traded copper producers, and a major player in the global copper market. Recently, weak China manufacturing data has had a significant impact on the global copper market as prices have dropped to a two-week low. This has raised doubts about the current state of the global economy, and the effects it will have on FREEPORT-MCMORAN INC’s stock.
FREEPORT-MCMORAN INC’s operations are largely driven by the demand for copper and other metals, so any negative shifts in the market can impact their stock price. If the weak China manufacturing data continues to affect global copper prices, it is likely that FREEPORT-MCMORAN INC’s stock will be affected as well. Although it is difficult to predict how these shifts will affect the company in the long term, investors should be aware of the potential risks associated with investing in FREEPORT-MCMORAN INC during this time of economic instability.
Market Price
FREEPORT-MCMORAN INC, a global mining and natural resources company, experienced a decrease in its stock price on Wednesday. Opening at $41.0, the stock closed at $41.4, representing a 1.7% dip from its previous closing of $42.1. The decrease can be attributed to China’s weak manufacturing data, which caused copper prices to drop to a two-week low. This decline in copper prices impacted FREEPORT-MCMORAN INC directly, as it is heavily invested in copper mines around the world. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Freeport-mcmoran Inc. More…
| Total Revenues | Net Income | Net Margin |
| 22.71k | 2.16k | 9.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Freeport-mcmoran Inc. More…
| Operations | Investing | Financing |
| 5.03k | -4.64k | -2.67k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Freeport-mcmoran Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 51.65k | 24.97k | 11.48 |
Key Ratios Snapshot
Some of the financial key ratios for Freeport-mcmoran Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.6% | 75.7% | 28.0% |
| FCF Margin | ROE | ROA |
| 2.3% | 24.4% | 7.7% |
Analysis – Freeport-mcmoran Inc Intrinsic Value Calculator
At GoodWhale, we have conducted a detailed analysis of the fundamentals of FREEPORT-MCMORAN INC. Based on this evaluation, we have determined that the intrinsic value of FREEPORT-MCMORAN INC’s shares is approximately $39.1. This value was derived from our proprietary Valuation Line methodology. Currently, FREEPORT-MCMORAN INC’s stock is trading at $41.4, which is higher than the intrinsic value by 6.0%. We would conclude that FREEPORT-MCMORAN INC’s stock is fairly priced, but slightly overvalued. More…
Peers
Freeport-McMoRan Inc is one of the world’s leading producers of copper, gold, and molybdenum. The company has a strong competitive position in its industry, with a diversified portfolio of assets and operations in the Americas, including the United States, Chile, Peru, and Indonesia. Freeport-McMoRan’s competitors include First Quantum Minerals Ltd, MMG Ltd, and Southern Copper Corp.
– First Quantum Minerals Ltd ($TSX:FM)
First Quantum Minerals Ltd is a Canadian mining company with a focus on copper production. The company has a market cap of 16.58B as of 2022 and a return on equity of 17.53%. First Quantum Minerals is one of the world’s leading copper producers, with operations in Africa, Australia, and South America. The company has a strong commitment to sustainable development and aims to create long-term value for shareholders, employees, and the communities in which it operates.
– MMG Ltd ($SEHK:01208)
MMG Ltd is a mining company that operates in Australia, China, and Myanmar. The company has a market capitalization of 16.42 billion as of 2022 and a return on equity of 33.53%. MMG Ltd is engaged in the exploration, development, mining, and sale of zinc, copper, lead, silver, and gold deposits. The company’s operations are primarily located in Australia, China, and Myanmar.
– Southern Copper Corp ($NYSE:SCCO)
Southern Copper Corp is a leading copper producer with operations in Peru and Mexico. The company has a market cap of 36.36B as of 2022 and a Return on Equity of 42.22%. Southern Copper Corp is a leading copper producer with operations in Peru and Mexico. The company has a market cap of 36.36B as of 2022 and a Return on Equity of 42.22%. Southern Copper Corp is a leading copper producer with operations in Peru and Mexico. The company has a market cap of 36.36B as of 2022 and a Return on Equity of 42.22%.
Summary
Freeport-McMoRan Inc (FCX) is a US-based natural resource company with a focus on copper, gold, and other mineral production. Recent stock analysis has shown a dip in the stock price, which has been attributed to weak China manufacturing data. This could be due to a decrease in demand for copper, a key component in many industries. Investors should be aware of the potential risks and monitor market movements closely.
Additionally, analysts suggest that Freeport-McMoRan’s long-term prospects remain strong, with strong earnings growth and a steady dividend yield. Overall, Freeport-McMoRan remains a good option for long-term investors despite recent market drops.
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