Free Cash Flow to The Firm (FCFF)
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
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Item | Description | The company |
---|---|---|
FCFF | Free cash flow to the firm is the cash flow available to the Freeport-McMoRan Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. | Freeport-McMoRan Inc. FCFF decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Paid, Net of Tax
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
2 2023 Calculation
Third-party interest paid, net of capitalized interest, tax = Third-party interest paid, net of capitalized interest × EITR
= 419 × 38.00% = 159
3 2023 Calculation
Capitalized interest, tax = Capitalized interest × EITR
= 267 × 38.00% = 101
Enterprise Value to FCFF Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 83,269) |
Free cash flow to the firm (FCFF) | 880) |
Valuation Ratio | |
EV/FCFF | 94.59 |
Benchmarks | |
EV/FCFF, Competitors1 | |
Newmont Corp. | 178.95 |
EV/FCFF, Sector | |
Metals & Mining | 167.71 |
EV/FCFF, Industry | |
Materials | 52.42 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.
Enterprise Value to FCFF Ratio, Historical
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 69,771) | 72,212) | 73,951) | 62,532) | 33,716) | |
Free cash flow to the firm (FCFF)2 | 880) | 2,044) | 6,098) | 1,347) | (585) | |
Valuation Ratio | ||||||
EV/FCFF3 | 79.26 | 35.32 | 12.13 | 46.43 | — | |
Benchmarks | ||||||
EV/FCFF, Competitors4 | ||||||
Newmont Corp. | 149.27 | 30.46 | 20.93 | 12.55 | 48.40 | |
EV/FCFF, Sector | ||||||
Metals & Mining | 140.28 | 34.33 | 14.56 | 21.01 | 368.30 | |
EV/FCFF, Industry | ||||||
Materials | 49.74 | 32.44 | 18.50 | 26.84 | 67.95 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= 69,771 ÷ 880 = 79.26
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/FCFF | Enterprise value to free cash flow to the firm is whole company valuation indicator. | Freeport-McMoRan Inc. EV/FCFF ratio increased from 2021 to 2022 and from 2022 to 2023. |