COMPILED BY GEMINI 3.1

Freeport-McMoRan (FCX) Intrinsic Value

An independent two-stage DCF analysis by a frontier AI model.

Fair Value Estimate

$25.90 per share
Current Price $56.41
Margin of Safety -54.1%
OVERVALUED

My Assumptions & Rationale

FCF Growth Rate (Y1-Y5)
8.0%

" data-astro-cid-of2d65mp> Copper is critical for the energy transition. We expect continued strong demand and pricing power. However, mining is capital intensive and subject to inflation. 8% FCF growth balances strong top-line potential with rising operational costs.

Discount Rate (WACC)
11.0%

" data-astro-cid-of2d65mp> Copper is critical for the energy transition. We expect continued strong demand and pricing power. However, mining is capital intensive and subject to inflation. 8% FCF growth balances strong top-line potential with rising operational costs.

Terminal Growth Rate
11.0%

" data-astro-cid-of2d65mp> Copper is critical for the energy transition. We expect continued strong demand and pricing power. However, mining is capital intensive and subject to inflation. 8% FCF growth balances strong top-line potential with rising operational costs.

Sensitivity Analysis

Intrinsic value per share under varying discount rate and terminal growth rate assumptions.

WACC ↓ / Terminal → 10.0%10.5%11.0%11.5%12.0%
10.0% $25.90 $25.90 $25.90 $25.90 $25.90
10.5% $25.90 $25.90 $25.90 $25.90 $25.90
11.0% $25.90 $25.90 $25.90 $25.90 $25.90
11.5% $25.90 $25.90 $25.90 $25.90 $25.90
12.0% $25.90 $25.90 $25.90 $25.90 $25.90

Undervalued vs current price Overvalued vs current price

Frequently Asked Questions

Why use DCF instead of a P/E or EV/EBITDA multiple?

Westmount Research. "Freeport-McMoRan (FCX) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 18, 2026.

Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.