Free Cash Flow to Equity (FCFE)
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).
Item | Description | The company |
---|---|---|
FCFE | Free cash flow to equity is the cash flow available to Freeport-McMoRan Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. | Freeport-McMoRan Inc. FCFE decreased from 2021 to 2022 and from 2022 to 2023. |
Price to FCFE Ratio, Current
No. shares of common stock outstanding | 1,434,409,010 |
Selected Financial Data (US$) | |
Free cash flow to equity (FCFE) (in millions) | (744) |
FCFE per share | -0.52 |
Current share price (P) | 45.88 |
Valuation Ratio | |
P/FCFE | — |
Benchmarks | |
P/FCFE, Competitors1 | |
Newmont Corp. | 1,934.64 |
P/FCFE, Industry | |
Materials | 56.53 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
No. shares of common stock outstanding1 | 1,434,409,010 | 1,430,693,689 | 1,454,781,055 | 1,458,480,446 | 1,450,972,426 | |
Selected Financial Data (US$) | ||||||
Free cash flow to equity (FCFE) (in millions)2 | (744) | 2,890) | 5,340) | 863) | (2,488) | |
FCFE per share3 | -0.52 | 2.02 | 3.67 | 0.59 | -1.71 | |
Share price1, 4 | 38.83 | 42.31 | 43.67 | 32.90 | 12.24 | |
Valuation Ratio | ||||||
P/FCFE5 | — | 20.95 | 11.90 | 55.60 | — | |
Benchmarks | ||||||
P/FCFE, Competitors6 | ||||||
Newmont Corp. | 1,715.11 | 38.52 | 24.59 | 13.72 | 225.84 | |
P/FCFE, Sector | ||||||
Metals & Mining | — | 25.16 | 15.54 | 22.30 | — | |
P/FCFE, Industry | ||||||
Materials | 52.78 | 19.12 | 19.49 | 23.59 | — |
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.
3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -744,000,000 ÷ 1,434,409,010 = -0.52
4 Closing price as at the filing date of Freeport-McMoRan Inc. Annual Report.
5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= 38.83 ÷ -0.52 = —
6 Click competitor name to see calculations.