` Comparison: FCX vs FMG - Alpha Spread

FCX
vs
FMG

Over the past 12 months, FCX has significantly outperformed FMG, delivering a return of +102% compared to the FMG's +34% growth.

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FCX
FMG
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Valuation Comparison

FCX Intrinsic Value
50.71 USD
Overvaluation 25%
Intrinsic Value
Price $67.8
FMG Intrinsic Value
16.77 AUD
Overvaluation 17%
Intrinsic Value
Price AU$20.26
Company Last Price Intrinsic Value DCF Value Multiples-Based Value Wall St Target
Freeport-McMoRan Inc
NYSE:FCX
67.8 USD
Fortescue Metals Group Ltd
ASX:FMG
20.26 AUD
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Valuation Scenario:
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Base Case
Bull Case

Growth Comparison

Growth Over Time
FCX, FMG

FCX
FMG
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Freeport-McMoRan Inc
Revenue
Fortescue Metals Group Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
FCX, FMG

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FMG
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Freeport-McMoRan Inc
NYSE:FCX
Fortescue Metals Group Ltd
ASX:FMG
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What is Free Cash Flow?

Gross Margin

FCX
29%
FMG
41.9%

Operating Margin

FCX
25.4%
FMG
34.6%

Net Margin

FCX
8.5%
FMG
22.8%

FCF Margin

FCX
6.3%
FMG
23.7%

ROE

FCX
12%
FMG
18.7%

ROA

FCX
3.9%
FMG
12.3%

ROIC

FCX
8.9%
FMG
15.4%

ROCE

FCX
13%
FMG
20.2%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
FCX, FMG

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Performance Gap
FCX, FMG

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FCX
FMG
Difference
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Performance By Year
FCX, FMG

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FCX
FMG
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett