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Freeport-McMoRan (MIL:1FCX) Cyclically Adjusted Revenue per Share : €14.16 (As of Sep. 2024)


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What is Freeport-McMoRan Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Freeport-McMoRan's adjusted revenue per share for the three months ended in Sep. 2024 was €4.237. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €14.16 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Freeport-McMoRan's average Cyclically Adjusted Revenue Growth Rate was -3.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -0.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -2.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Freeport-McMoRan was 17.30% per year. The lowest was -4.30% per year. And the median was 9.90% per year.

As of today (2024-11-14), Freeport-McMoRan's current stock price is €40.99. Freeport-McMoRan's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2024 was €14.16. Freeport-McMoRan's Cyclically Adjusted PS Ratio of today is 2.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Freeport-McMoRan was 3.37. The lowest was 0.20. And the median was 0.96.


Freeport-McMoRan Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Freeport-McMoRan's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Freeport-McMoRan Cyclically Adjusted Revenue per Share Chart

Freeport-McMoRan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 14.40

Freeport-McMoRan Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 14.40 14.83 14.90 14.16

Competitive Comparison of Freeport-McMoRan's Cyclically Adjusted Revenue per Share

For the Copper subindustry, Freeport-McMoRan's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Freeport-McMoRan's Cyclically Adjusted PS Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Freeport-McMoRan's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Freeport-McMoRan's Cyclically Adjusted PS Ratio falls into.



Freeport-McMoRan Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Freeport-McMoRan's adjusted Revenue per Share data for the three months ended in Sep. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.237/133.0289*133.0289
=4.237

Current CPI (Sep. 2024) = 133.0289.

Freeport-McMoRan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201412 2.965 99.070 3.981
201503 3.690 99.621 4.927
201506 3.374 100.684 4.458
201509 2.814 100.392 3.729
201512 2.740 99.792 3.653
201603 2.327 100.470 3.081
201606 2.338 101.688 3.059
201609 2.557 101.861 3.339
201612 2.953 101.863 3.857
201703 2.148 102.862 2.778
201706 2.273 103.349 2.926
201709 2.487 104.136 3.177
201712 2.924 104.011 3.740
201803 2.708 105.290 3.421
201806 3.034 106.317 3.796
201809 2.885 106.507 3.603
201812 2.221 105.998 2.787
201903 2.303 107.251 2.857
201906 2.163 108.070 2.663
201909 1.972 108.329 2.422
201912 2.426 108.420 2.977
202003 1.744 108.902 2.130
202006 1.860 108.767 2.275
202009 2.238 109.815 2.711
202012 2.488 109.897 3.012
202103 2.758 111.754 3.283
202106 3.217 114.631 3.733
202109 3.484 115.734 4.005
202112 3.673 117.630 4.154
202203 4.081 121.301 4.476
202206 3.516 125.017 3.741
202209 3.511 125.227 3.730
202212 3.777 125.222 4.012
202303 3.488 127.348 3.644
202306 3.672 128.729 3.795
202309 3.782 129.860 3.874
202312 3.753 129.419 3.858
202403 4.027 131.776 4.065
202406 4.259 132.554 4.274
202409 4.237 133.029 4.237

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Freeport-McMoRan  (MIL:1FCX) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Freeport-McMoRan's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=40.99/14.16
=2.89

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Freeport-McMoRan was 3.37. The lowest was 0.20. And the median was 0.96.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Freeport-McMoRan Cyclically Adjusted Revenue per Share Related Terms

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Freeport-McMoRan Business Description

Industry
Address
333 North Central Avenue, Phoenix, AZ, USA, 85004-2189
Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.

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