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Freeport-McMoRan vs KGHM Polska Miedz: Which Stock Looks Stronger in 2026?

KGHM Polska Miedz holds the cleaner structural position, with the lead spread across growth and valuation. Freeport-McMoRan does not offset that deficit through any equally strong structural edge elsewhere. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (FCX: Russell 1000, KGH.WA: STOXX 600).

Updated 2026-06-14

The clearest separation starts in growth, but valuation adds another real layer to the result. KGHM Polska Miedz S.A. leads by 15 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Copper

This comparison is based on industry proximity, not on functional trajectory similarity. FCX and KGH.WA share the same industry classification.

For a similarity-based comparison, see how Freeport-McMoRan and KGHM Polska Miedz each position within their functional peer groups in AssetNext.

Peer-Relative Score
FCX
Freeport-McMoRan Inc.
57
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000
vs
KGH.WA
KGHM Polska Miedz S.A.
72
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: FCX vs KGH.WA Profitability 73 70 Stability 31 25 Valuation 52 87 Growth 64 100 FCX KGH.WA
Gap Ranking
#1 Growth +36
#2 Valuation +35
#3 Stability +6
#4 Profitability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FCX and KGH.WA Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FCXKGH.WA Relative valuation Structural strength

KGHM Polska Miedz S.A. looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where FCX and KGH.WA each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY FCX Elevated · above norm 0th 50th 100th 0 pct gap KGH.WA Elevated · above norm 0th 50th 100th 99th 99th
FCX (99th percentile) and KGH.WA (99th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but KGHM Polska Miedz S.A. leads clearly.
Valuation
On valuation, the edge is clear — both rank well, but KGHM Polska Miedz S.A. sits noticeably higher.
Growth — Dominant Gap
FCX
64
KGH.WA
100
Gap+36in favour of KGH.WA

Revenue growth reinforces the category-level growth lead.

What keeps the gap from being one-sided

Freeport-McMoRan Inc. still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both growth and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the FCX vs KGH.WA comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-valuation comparisons

Explore how FCX and KGH.WA each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.