Freeport-McMoRan Inc. (FCX) vs Ivanhoe Electric Inc. (IE)

Freeport-McMoRan Inc. and Ivanhoe Electric Inc. are both Copper companies. Freeport-McMoRan Inc. is the larger, with a market value of $104.1B against $1.6B — 65.5× the size. Ivanhoe Electric Inc. has negative trailing earnings, so its P/E is not meaningful; Freeport-McMoRan Inc. trades at 35.6×. Freeport-McMoRan Inc. grew revenue faster over the last twelve months: 0.19% against −20.6%. Freeport-McMoRan Inc. has the higher net margin (11.4% vs −1,138.7%) and the higher return on invested capital (11.6% vs 2.92%). Across the 20 metrics below, Freeport-McMoRan Inc. leads on 14 and Ivanhoe Electric Inc. on 6.

Valuation

Metric FCX IE Copper median
P/E 35.62 n/m —
P/S 4.02 554.21 4.32
P/B 3.23 3.16 3.23
Price to free cash flow 62.41 n/m —
EV/EBITDA 12.02 86.84 12.02
EV/Sales 4.21 488.35 4.81
Earnings yield 2.81% (7.56%) 3.35%
Free cash flow yield 1.60% (7.87%) 2.65%

Profitability

Metric FCX IE Copper median
Gross margin 27.06% 58.72% 42.75%
Operating margin 26.76% 474.50% 44.67%
Net margin 11.38% (1,138.74%) 27.48%
Free cash flow margin 6.81% (4,302.05%) 11.46%
Return on equity 9.47% (8.18%) 16.70%
Return on assets 5.07% (6.99%) 9.91%
Return on invested capital 11.62% 2.92% 12.50%

Growth

Metric FCX IE Copper median
Revenue growth (TTM) 0.19% (20.57%) 12.09%
EPS growth (last fiscal year) 16.92% 26.17% —
Revenue growth, 5-year CAGR 12.79% (6.88%) 12.79%
Net income growth, 5-year CAGR 29.76% 0.00% 22.52%

Health

Metric FCX IE Copper median
Debt to equity 0.29 0.07 0.29
Current ratio 2.07 5.05 2.24
Net debt to EBITDA 0.61 1.29 0.61

Dividend

Metric FCX IE Copper median
Dividend yield 1.48% — —
Payout ratio 0.41 — —

Size

Metric FCX IE Copper median
Market cap 104.08b 1.59b 11.64b

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