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Freeport-McMoRan Inc. (NYSE: FCX) – Is this large market cap stock undervalued?

Freeport-McMoRan Inc. (NYSE: FCX), is firmly in the large market cap category with market cap of 14491.32. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Freeport-McMoRan Inc. is 10.91 (with a change from open of 4.80%), this in conjunction with a target price of 11.54. Volume today has so far reached 29659400, with an average volume of about 30596.05. The GAP for this stock, is 1.96%.

The P/E ratio is *TBA, bringing the forward P/E to a value of 11.11. The current EPS for Freeport-McMoRan Inc., is -10.61, with a EPS growth for this year coming to a value of -798.30%. Performance has been interesting with performance year to date coming to 61.15%.

Looking further into the growth statistics for Freeport-McMoRan Inc., EPS is looking like it will grow 105.44% in the next year. Looking even further it is projected to be *TBA. Quarter over quarter is 87.40% for EPS growth and for sales growth quarter over quarter it is -15.30%. Looking at past EPS growth statistics we see that for the past five years it has been -34.90%. Sales growth for the past five years has in fact been -3.50%.

Looking at the ownership, we see that the insider ownership is at 0.40% and institutional ownership is 69.30%. Shares outstanding is 1328.26, while shares float is at a value of 1306.68. Float short for Freeport-McMoRan Inc. is 7.86% and the short ratio is 3.36.

In terms of debt, long term debt/equity is 4.63, while the total debt/equity comes to 4.83. The ability to meet these debts, means that the current ratio is 2.4, and the quick ratio is 1.5. The most recent gross margin is -3.40% and their operating margin is -82.80%. The profit margin is -87.70%.

Freeport-McMoRan Inc. has seen returns on assets of -27.80%, and on investment, -40.50%. Return on equity is -190.00%. Price/Earnings to growth ratio is *TBA. Price/Sales ratio is at a value of 1.01, with Price/book ratio coming to 3.46 and Price/cash is 41.17, and finally Price/Free cash Flow is 113.21.

The simple moving averages are -4.67% and 12.77% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -22.87% and the 52 week low is 209.94%.

Freeport-McMoRan Inc. has a dividend yield of *TBA, with a current price of 10.91. The ability to pay this means the payout ratio is *TBA. This is in an industry, Copper, with equally high dividends from other companies in this sector, which it is Basic Materials. Freeport-McMoRan Inc. is based in USA.

Performance in the Copper industry means that Freeport-McMoRan Inc. has seen performance for the past week of 3.51%, with performance for the month coming to -0.64%. Looking at the data for the quarter it is at a value of 1.30%, and for the half year the performance is 20.22%. Volatility for this week is 4.15% and for the month this is 4.60%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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