Stock Analysis on Net

Freeport-McMoRan Inc. (NYSE:FCX)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Freeport-McMoRan Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $45.88
No. shares of common stock outstanding 1,434,409,010
US$ in millions
Common equity (market value)1 65,811
Add: Noncontrolling interests (per books) 10,617
Total equity 76,428
Add: Current portion of debt (per books) 766
Add: Long-term debt, less current portion (per books) 8,656
Total equity and debt 85,850
Less: Cash and cash equivalents 4,758
Less: Restricted cash and cash equivalents 1,208
Enterprise value (EV) 79,884

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 45.88 × 1,434,409,010


Historical Enterprise Value (EV)

Freeport-McMoRan Inc., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $38.83 $42.31 $43.67 $32.90 $12.24
No. shares of common stock outstanding1 1,434,409,010 1,430,693,689 1,454,781,055 1,458,480,446 1,450,972,426
US$ in millions
Common equity (market value)3 55,698 60,533 63,530 47,984 17,760
Add: Noncontrolling interests (book value) 10,617 9,316 9,039 8,494 8,150
Total equity 66,315 69,849 72,569 56,478 25,910
Add: Current portion of debt (book value) 766 1,037 372 34 5
Add: Long-term debt, less current portion (book value) 8,656 9,583 9,078 9,677 9,821
Total equity and debt 75,737 80,469 82,019 66,189 35,736
Less: Cash and cash equivalents 4,758 8,146 8,068 3,657 2,020
Less: Restricted cash and cash equivalents 1,208 111
Enterprise value (EV) 69,771 72,212 73,951 62,532 33,716

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Freeport-McMoRan Inc. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 38.83 × 1,434,409,010

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Freeport-McMoRan Inc. EV decreased from 2021 to 2022 and from 2022 to 2023.