Freeport-McMoran Stock: A Gold Mine worth owning? - $FCX
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- Опубліковано 30 вер 2024
- Using 10-years of financials, I analyze Freeport-McMoran stock's valuation and business quality from a value investing framework. (Income Statement, Balance Sheet, and Cash Flow Statements)
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I analyze Freeport-McMoran Copper & Gold, stock ticker: $FCX in a 14 minute video focused on fundamental stock analysis. My goal is to quickly determine whether this is a high-quality company worth investing in.
In addition, I provide a stock valuation analysis breaking down the current stock price compared to my target stock price for Freeport-McMoran stock.
QuickFS.net is used to quickly analyze the company's business description, rates of return, growth rates, and business fundamentals. I discuss the balance sheet, cash flow statement, and income statement to provide a holistic overview of the stock in five minutes or less.
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Robinson Patricia Williams Patricia Jackson Edward
Why would you evaluate this company performance in 2013-2015 when you made the video in 2023. You never even discussed their disastrous entry and exit in OnG as the cause of that period performance. They are rocking as a pure play copper trade - and is being valued today as such with a very strong balance. This sounds like a short sellers story!
Because I find the history of a company valuable in helping me to analyze and understand the present. The best predictor of future performance for me is to understand past behavior. It's not about the performance in the past, but the behaviors that drove it. I can't predict the future, but I can study the past.
Gibson Knoll
In this case it is somewhat predictable actually: miners report the production costs for all their projects, together with guidance, during earnings. If your cost is $2 per pound and copper price rises from 3 to 4, your profit doubles. If your cost is 2.9, your profit is 10x. Same thing in reverse 😢. You just need to wait for things to look ugly and make sure that bankruptcy is unlikely, so the debt needs some attention.
It is definitely true that the most marginal producers tend to perform best as prices rise above production costs.
Nice a gold stock! You have been killing it with these lately please keep it up I learn so much thank you!
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Sven Carlin has some good content on the copper cycle. When a recession or oversupply drag down the price if copper, it tends to bottom around the 90th percentile of the production cost curve. If you are then ready with a few miners with manageable debt and attractive risk/reward, returns are promising.
Good to know. Thanks for sharing