Freeport Mcmoran Copper Gold Stock Z Score
| FCX Stock | USD 50.16 0.34 0.68% |
Freeport | Z Score |
Freeport McMoran Copper Gold Company Z Score Analysis
Freeport McMoran's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Freeport Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Freeport McMoran is extremely important. It helps to project a fair market value of Freeport Stock properly, considering its historical fundamentals such as Z Score. Since Freeport McMoran's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Freeport McMoran's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Freeport McMoran's interrelated accounts and indicators.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, Freeport McMoran Copper Gold has a Z Score of 0.0. This is 100.0% lower than that of the Metals & Mining sector and 100.0% lower than that of the Materials industry. The z score for all United States stocks is 100.0% higher than that of the company.
Freeport Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Freeport McMoran's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Freeport McMoran could also be used in its relative valuation, which is a method of valuing Freeport McMoran by comparing valuation metrics of similar companies.Freeport McMoran is currently under evaluation in z score category among related companies.
Freeport McMoran ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Freeport McMoran's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Freeport McMoran's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Freeport McMoran Institutional Holders
Institutional Holdings refers to the ownership stake in Freeport McMoran that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Freeport McMoran's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Freeport McMoran's value.| Shares | Goldman Sachs Group Inc | 2023-12-31 | 19.4 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 17.7 M | Northern Trust Corp | 2023-12-31 | 16.9 M | Putnam Investments Llc | 2023-12-31 | 16.6 M | Clearbridge Advisors, Llc | 2023-12-31 | 14.3 M | Bank Of America Corp | 2023-12-31 | 13.9 M | Ameriprise Financial Inc | 2023-12-31 | 13 M | Public Investment Fund | 2023-12-31 | 12.9 M | Hhg Plc | 2023-12-31 | 11.9 M | Vanguard Group Inc | 2023-12-31 | 119.5 M | Blackrock Inc | 2023-12-31 | 110.7 M |
Freeport Fundamentals
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0746 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 87.66 B | ||||
| Shares Outstanding | 1.43 B | ||||
| Shares Owned By Insiders | 0.60 % | ||||
| Shares Owned By Institutions | 82.19 % | ||||
| Number Of Shares Shorted | 18.09 M | ||||
| Price To Earning | 14.07 X | ||||
| Price To Book | 4.25 X | ||||
| Price To Sales | 3.10 X | ||||
| Revenue | 22.71 B | ||||
| Gross Profit | 9.71 B | ||||
| EBITDA | 8.15 B | ||||
| Net Income | 1.84 B | ||||
| Cash And Equivalents | 8.15 B | ||||
| Cash Per Share | 6.00 X | ||||
| Total Debt | 9.85 B | ||||
| Debt To Equity | 0.44 % | ||||
| Current Ratio | 2.56 X | ||||
| Book Value Per Share | 11.63 X | ||||
| Cash Flow From Operations | 5.28 B | ||||
| Short Ratio | 1.26 X | ||||
| Earnings Per Share | 1.28 X | ||||
| Price To Earnings To Growth | 0.20 X | ||||
| Target Price | 47.74 | ||||
| Number Of Employees | 27.2 K | ||||
| Beta | 2.06 | ||||
| Market Capitalization | 71.95 B | ||||
| Total Asset | 52.51 B | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 8.25 B | ||||
| Current Asset | 637.98 M | ||||
| Current Liabilities | 537.87 M | ||||
| Annual Yield | 0.01 % | ||||
| Net Asset | 52.51 B | ||||
| Last Dividend Paid | 0.6 |
About Freeport McMoran Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Freeport McMoran Copper Gold's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Freeport McMoran using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Freeport McMoran Copper Gold based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Freeport McMoran Investors Sentiment
The influence of Freeport McMoran's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Freeport. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Freeport McMoran's public news can be used to forecast risks associated with an investment in Freeport. The trend in average sentiment can be used to explain how an investor holding Freeport can time the market purely based on public headlines and social activities around Freeport McMoran Copper Gold. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Freeport McMoran's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Freeport McMoran's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Freeport McMoran's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Freeport McMoran.
Freeport McMoran Implied Volatility | 44.4 |
Freeport McMoran's implied volatility exposes the market's sentiment of Freeport McMoran Copper Gold stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Freeport McMoran's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Freeport McMoran stock will not fluctuate a lot when Freeport McMoran's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Freeport McMoran in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Freeport McMoran's short interest history, or implied volatility extrapolated from Freeport McMoran options trading.
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Complementary Tools for Freeport Stock analysis
When running Freeport McMoran's price analysis, check to measure Freeport McMoran's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Freeport McMoran is operating at the current time. Most of Freeport McMoran's value examination focuses on studying past and present price action to predict the probability of Freeport McMoran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freeport McMoran's price. Additionally, you may evaluate how the addition of Freeport McMoran to your portfolios can decrease your overall portfolio volatility.
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Is Freeport McMoran's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Freeport McMoran. If investors know Freeport will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Freeport McMoran listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.45) | Dividend Share 0.6 | Earnings Share 1.28 | Revenue Per Share 15.938 | Quarterly Revenue Growth 0.026 |
The market value of Freeport McMoran Copper is measured differently than its book value, which is the value of Freeport that is recorded on the company's balance sheet. Investors also form their own opinion of Freeport McMoran's value that differs from its market value or its book value, called intrinsic value, which is Freeport McMoran's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Freeport McMoran's market value can be influenced by many factors that don't directly affect Freeport McMoran's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Freeport McMoran's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freeport McMoran is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freeport McMoran's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.