FCX

NYSE

FREEPORT-MCMORAN INC

Materials, Copper

$69.62

close 7 Aug 2026

+67.92%

52-week change

$99.98B

market cap

$35.15

$72.28

52-week range

Expected price

$50.66 – $61.92

Current price

$69.62

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)34.13x

P/S (TTM)3.86x

P/B4.97x

EV/EBITDA (TTM)11.61x

FCF yield (TTM)—

PEG (TTM, GAAP)—

Context

P/E, own 5-year average26.15x

P/E, sector median31.36x*

Price at 5-year median P/E$55.59*

Indicated dividend yield0.86%

Forward — analyst consensus

Forward P/E (FY2026)23.22x*

Forward P/E (FY2027)17.03x

Forward PEG0.64*

Consensus EPS FY2026 (15 analysts)$3.00

EPS growth (FY2026→FY2027)36.34%

Revenue growth (FY2026)13.92%

Street view

Price target (mean)$71.73*

Target upside3.03%

Ratings (buy / hold / sell)19 / 3 / 1

FY2026 EPS revisions, 30d (up / down)12 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years

5Y CAGR +1.11%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$69.62

Cash & equivalents$4.08B

Total debt$9.39B

Shares outstanding1.44B

Result

DCF price per share$9.30

Current price$69.62

Margin of safety-86.64%

PV of years 1–10$7.91B

PV of terminal value$10.76B

Equity value$13.36B

Market-implied growth+23.58%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.13B	$1.14B	$1.15B	$1.17B	$1.18B	$1.19B	$1.21B	$1.22B	$1.23B	$1.25B	$23.23B
PV	$1.04B	$978.15M	$915.75M	$857.33M	$802.63M	$751.43M	$703.49M	$658.61M	$616.59M	$577.26M	$10.76B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026