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) $38.42
No. shares of common stock outstanding 1,437,073,006
US$ in millions
Common equity (market value)1 55,212
Add: Noncontrolling interests (per books) 11,197
Total equity 66,409
Add: Current portion of debt (per books) 41
Add: Long-term debt, less current portion (per books) 8,907
Total equity and debt 75,357
Less: Cash and cash equivalents 3,923
Less: Restricted cash and cash equivalents 888
Enterprise value (EV) 70,546

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 38.42 × 1,437,073,006


Historical Enterprise Value (EV)

Freeport-McMoRan Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $39.47 $38.83 $42.31 $43.67 $32.90
No. shares of common stock outstanding1 1,437,073,006 1,434,409,010 1,430,693,689 1,454,781,055 1,458,480,446
US$ in millions
Common equity (market value)3 56,721 55,698 60,533 63,530 47,984
Add: Noncontrolling interests (book value) 11,197 10,617 9,316 9,039 8,494
Total equity 67,918 66,315 69,849 72,569 56,478
Add: Current portion of debt (book value) 41 766 1,037 372 34
Add: Long-term debt, less current portion (book value) 8,907 8,656 9,583 9,078 9,677
Total equity and debt 76,866 75,737 80,469 82,019 66,189
Less: Cash and cash equivalents 3,923 4,758 8,146 8,068 3,657
Less: Restricted cash and cash equivalents 888 1,208 111
Enterprise value (EV) 72,055 69,771 72,212 73,951 62,532

Based on: 10-K (reporting date: 2024-12-31), 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).

1 Data adjusted for splits and stock dividends.

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

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 39.47 × 1,437,073,006

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 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.