Discounted Cash Flow

Freeport-mcmoran Inc.

FCX · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $14.8b $-4.2b $916.0m -28.0% $0.00
2017 $16.4b (10.6%) $1.8b (143.7%) $3.3b (257.2%) 11.1% (139.5%) $0.00
2018 $18.9b (15.5%) $2.6b (43.2%) $1.9b (-42.2%) 13.7% (24.0%) $1.79
2019 $14.3b (-24.3%) $-239.0m (-109.2%) $-1.2b (-161.8%) -1.7% (-112.1%) $-0.17 (-109.5%)
2020 $13.9b (-3.2%) $599.0m (350.6%) $1.1b (190.3%) 4.3% (358.8%) $0.41 (341.2%)
2021 $22.4b (61.4%) $4.3b (618.9%) $5.6b (430.3%) 19.2% (345.5%) $2.93 (614.6%)
2022 $23.3b (3.8%) $3.5b (-19.5%) $1.7b (-70.2%) 14.9% (-22.4%) $0.60 (-79.5%)
2023 $22.7b (-2.4%) $1.8b (-46.7%) $455.0m (-72.8%) 8.1% (-45.4%) $0.60 (0.0%)
2024 $25.2b (10.9%) $1.9b (2.2%) $2.4b (416.9%) 7.5% (-7.8%) $0.60 (0.0%)
2025 $25.2b (0.1%) $2.2b (16.7%) $1.1b (-52.6%) 8.8% (16.6%) $0.60 (0.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model