Using the PEG framework with analyst consensus forward EPS growth of 8.0% plus 1.1% dividend yield, Freeport-McMoRan Inc. has a fair value of $24.28 based on NTM EPS (FY2026) of $3.03.
| EPS Growth RateForward | -3.7% |
| Dividend Yield | +1.1% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| NTM EPS (FY2026) | $3.03 |
| Fair Value | $24.28 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $1.52 | — | — |
| FY2026E | $3.03 | +99.6% | 13 |
| FY2027E | $4.02 | +32.4% | 12 |
| FY2028E | $4.46 | +11.0% | 11 |
| FY2029E | $2.54 | -43.0% | 5 |
| FY2030E | $1.26 | -50.4% | 5 |
5Y Forward EPS CAGR: -3.7%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| Year | Net Income | EPS | YoY |
|---|
| FY2021 | $4.3B | $2.90 | — |
| FY2022 | $3.5B | $2.39 | -17.6% |
| FY2023 | $1.8B | $1.28 | -46.4% |
| FY2024 | $1.9B | $1.30 | +1.6% |
| FY2025 | $2.2B | $1.52 | +16.9% |
4Y Historical EPS CAGR: -14.9%