FCX — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($68.29)
DCF	$195.09	+185.7%
Graham Number	$21.22	-68.9%
Reverse DCF	—	implied g: 28.6%
DDM	$12.36	-81.9%
EV/EBITDA	$76.55	+12.1%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.56B

Near-term growth (yrs 1–5)(%)Rev: -1.5% / EPS: 47.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.03%

Computed WACC: 11.03%

Cost of equity (Re)12.21%(Rf 4.30% + β 1.44 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)90.34%

Debt weight (D/V)9.66%

Results

Intrinsic Value / share$134.48

Current Price$68.29

Upside / Downside+96.9%

Net Debt (used)$6.67B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	39.7%	43.7%	47.7%	51.7%	55.7%
7.0%	$235.23	$270.99	$310.93	$355.39	$404.76
8.0%	$182.93	$210.78	$241.87	$276.48	$314.90
9.0%	$147.24	$169.69	$194.74	$222.63	$253.58
10.0%	$121.47	$140.02	$160.73	$183.76	$209.32
11.0%	$102.09	$117.72	$135.15	$154.54	$176.05

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $1.52

Book Value / share($)Yahoo: $13.16

Results

Graham Number$21.22

Current Price$68.29

Margin of Safety-68.9%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.03%

Terminal growth rate(%)

Computed WACC: 11.03%

Cost of equity (Re)12.21%(Rf 4.30% + β 1.44 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)90.34%

Debt weight (D/V)9.66%

Results

Current Price$68.29

Implied Near-term FCF Growth34.9%

Historical Revenue Growth-1.5%

Historical Earnings Growth47.7%

Base FCF (TTM)$1.56B

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $0.60

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$12.36

Current Price$68.29

Upside / Downside-81.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $9.10B

Target EV/EBITDA multipleCurrent: 12.8×

Net Debt($B)Default: $6.67B

Results

Implied Equity Value / share$76.55

Current Price$68.29

Upside / Downside+12.1%

Implied EV$116.68B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$2.67B	$4.67B	$6.67B	$8.67B	$10.67B
8.8x	$54.00	$52.61	$51.22	$49.83	$48.44
10.8x	$66.67	$65.28	$63.88	$62.49	$61.10
12.8x	$79.33	$77.94	$76.55	$75.16	$73.77
14.8x	$92.00	$90.61	$89.21	$87.82	$86.43
16.8x	$104.66	$103.27	$101.88	$100.49	$99.10

← Overview Financial Statements ← Companies