FCX · Freeport-McMoRan Inc. Common Stock
View on chartInsiders & Stakes
| Kathleen L. Quirk EVP and CFO | ▼ Sell | Tax Withholding | 2,251,243 Shares held | 2/15/2026 | View profile |
| Richard C. Adkerson Chairman of the Board & CEO | ▼ Sell | Gift | 1,638,005 Shares held | 3/7/2026 | View profile |
| Douglas N. Currault II EVP & General Counsel | ▼ Sell | Open Market | 211,016 Shares held | 8/25/2026 | View profile |
| Dustan E. McCoy Director | ▲ Buy | Grant | 155,100 Shares held | 6/1/2026 | View profile |
| Frances F. Townsend Director | ▲ Buy | Grant | 127,570 Shares held | 6/1/2026 | View profile |
| Lydia H. Kennard Director | ▼ Sell | Open Market | 122,702 Shares held | 8/27/2026 | View profile |
| John Joseph Stephens Director | ▲ Buy | Grant | 71,798 Shares held | 10/1/2026 | View profile |
| Maree E. Robertson SVP & CFO | ▼ Sell | Tax Withholding | 69,540 Shares held | 2/15/2026 | View profile |
| Stephen T. Higgins Senior VP & CAO | ▼ Sell | Open Market | 54,618 Shares held | 8/5/2026 | View profile |
| Hugh Grant Director | ▲ Buy | Grant | 50,332 Shares held | 10/1/2026 | View profile |
| Ellie L. Mikes Chief Accounting Officer | ▼ Sell | Open Market | 36,000 Shares held | 8/5/2026 | View profile |
| Sara Grootwassink Lewis Director | ▲ Buy | Grant | 34,000 Shares held | 6/1/2026 | View profile |
| David P. Abney Director | ▲ Buy | Grant | 25,200 Shares held | 6/1/2026 | View profile |
| Marcela E. Donadio Director | ▲ Buy | Grant | 24,500 Shares held | 6/1/2026 | View profile |
| Ryan Michael Lance Chairman and CEO | ▲ Buy | Grant | 23,200 Shares held | 6/1/2026 | View profile |
| Robert W. Dudley Director | ▲ Buy | Grant | 22,400 Shares held | 6/1/2025 | View profile |
| WHITMIRE C DONALD JR VP Controller & Financial Rptg | ▼ Sell | Open Market | 3,700 Shares held | 3/4/2022 | View profile |
Transaction History
| Hugh Grant | ▲ Buy | Grant | 482 | $34K | 10/1/2026 |
| John Joseph Stephens | ▲ Buy | Grant | 294 | $21K | 10/1/2026 |
| Lydia H. Kennard | ▼ Sell | Open Market | 3,798 | $300K | 8/27/2026 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 65,000 | $783K | 8/25/2026 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 15,000 | $422K | 8/25/2026 |
| Douglas N. Currault II | ▼ Sell | Open Market | 80,000 | $6.3M | 8/25/2026 |
| Ellie L. Mikes | ▼ Sell | Open Market | 4,773 | $334K | 8/5/2026 |
| Stephen T. Higgins | ▼ Sell | Open Market | 14,277 | $992K | 8/5/2026 |
| Stephen T. Higgins | ▼ Sell | Open Market | 7,550 | $476K | 7/30/2026 |
| John Joseph Stephens | ▲ Buy | Grant | 327 | $21K | 7/1/2026 |
| Hugh Grant | ▲ Buy | Grant | 536 | $34K | 7/1/2026 |
| David P. Abney | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| John Joseph Stephens | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Ryan Michael Lance | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Hugh Grant | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Lydia H. Kennard | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Sara Grootwassink Lewis | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Frances F. Townsend | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Dustan E. McCoy | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| Marcela E. Donadio | ▲ Buy | Grant | 2,800 | $0 | 6/1/2026 |
| John Joseph Stephens | ▲ Buy | Grant | 350 | $21K | 4/1/2026 |
| Hugh Grant | ▲ Buy | Grant | 574 | $34K | 4/1/2026 |
| Richard C. Adkerson | ▼ Sell | Gift | 27,693 | $0 | 3/7/2026 |
| Stephen T. Higgins | ▼ Sell | Open Market | 29,654 | $1.9M | 2/20/2026 |
| Ellie L. Mikes | ▼ Sell | Open Market | 11,000 | $682K | 2/18/2026 |
| Ellie L. Mikes | ▼ Sell | Tax Withholding | 4,988 | $313K | 2/15/2026 |
| Douglas N. Currault II | ▼ Sell | Tax Withholding | 8,165 | $513K | 2/15/2026 |
| Maree E. Robertson | ▼ Sell | Tax Withholding | 10,354 | $651K | 2/15/2026 |
| Stephen T. Higgins | ▼ Sell | Tax Withholding | 9,021 | $567K | 2/15/2026 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 28,244 | $1.8M | 2/15/2026 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 25,469 | $1.6M | 2/15/2026 |
| Maree E. Robertson | ▼ Sell | Open Market | 48,500 | $3.0M | 2/13/2026 |
| Richard C. Adkerson | ▼ Sell | Open Market | 132,824 | $8.6M | 2/11/2026 |
| Richard C. Adkerson | ▼ Sell | Open Market | 20,136 | $1.3M | 2/11/2026 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 25,000 | $297K | 2/11/2026 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 50,000 | $596K | 2/11/2026 |
| Douglas N. Currault II | ▼ Sell | Open Market | 75,000 | $4.8M | 2/11/2026 |
| Maree E. Robertson | ▼ Sell | Tax Withholding | 8,700 | $528K | 2/10/2026 |
| Richard C. Adkerson | ▼ Sell | Open Market | 248,031 | $15.6M | 2/10/2026 |
| Maree E. Robertson | ▲ Buy | Grant | 17,000 | $0 | 2/10/2026 |
| Richard C. Adkerson | ▲ Buy | Grant | 27,500 | $0 | 2/9/2026 |
| Richard C. Adkerson | ▲ Buy | Grant | 248,125 | $0 | 2/9/2026 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 95,165 | $5.8M | 2/9/2026 |
| Maree E. Robertson | ▲ Buy | Grant | 26,875 | $0 | 2/9/2026 |
| Ellie L. Mikes | ▲ Buy | Grant | 18,000 | $0 | 2/9/2026 |
| Kathleen L. Quirk | ▲ Buy | Grant | 47,000 | $0 | 2/9/2026 |
| Kathleen L. Quirk | ▲ Buy | Grant | 132,500 | $0 | 2/9/2026 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 52,979 | $3.2M | 2/9/2026 |
| Douglas N. Currault II | ▲ Buy | Grant | 14,000 | $0 | 2/9/2026 |
| Douglas N. Currault II | ▲ Buy | Grant | 20,625 | $0 | 2/9/2026 |
| Douglas N. Currault II | ▼ Sell | Tax Withholding | 6,253 | $379K | 2/9/2026 |
| Stephen T. Higgins | ▲ Buy | Grant | 15,500 | $0 | 2/9/2026 |
| Stephen T. Higgins | ▲ Buy | Grant | 23,125 | $0 | 2/9/2026 |
| Stephen T. Higgins | ▼ Sell | Tax Withholding | 7,284 | $442K | 2/9/2026 |
| John Joseph Stephens | ▲ Buy | Grant | 406 | $21K | 1/1/2026 |
| Hugh Grant | ▲ Buy | Grant | 664 | $34K | 1/1/2026 |
| Ellie L. Mikes | ▼ Sell | Open Market | 9,572 | $456K | 12/11/2025 |
| Stephen T. Higgins | ▼ Sell | Open Market | 28,423 | $1.4M | 12/11/2025 |
| Richard C. Adkerson | ▼ Sell | Gift | 28,773 | $0 | 11/29/2025 |
| Hugh Grant | ▲ Buy | Grant | 860 | $34K | 10/1/2025 |
| John Joseph Stephens | ▲ Buy | Grant | 525 | $21K | 10/1/2025 |
| Richard C. Adkerson | ▼ Sell | Gift | 25,656 | $0 | 8/25/2025 |
| John Joseph Stephens | ▲ Buy | Grant | 475 | $21K | 7/1/2025 |
| Hugh Grant | ▲ Buy | Grant | 778 | $34K | 7/1/2025 |
| Ellie L. Mikes | ▼ Sell | Open Market | 8,584 | $344K | 6/2/2025 |
| Marcela E. Donadio | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| John Joseph Stephens | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Robert W. Dudley | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Sara Grootwassink Lewis | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Ryan Michael Lance | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Lydia H. Kennard | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Frances F. Townsend | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Hugh Grant | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| David P. Abney | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Dustan E. McCoy | ▲ Buy | Grant | 4,900 | $0 | 6/1/2025 |
| Richard C. Adkerson | ▼ Sell | Gift | 44,775 | $0 | 5/12/2025 |
| John Joseph Stephens | ▲ Buy | Grant | 561 | $21K | 4/1/2025 |
| Hugh Grant | ▲ Buy | Grant | 924 | $35K | 4/1/2025 |
| Ellie L. Mikes | ▼ Sell | Tax Withholding | 4,655 | $184K | 2/15/2025 |
| Maree E. Robertson | ▼ Sell | Tax Withholding | 12,053 | $476K | 2/15/2025 |
| Stephen T. Higgins | ▼ Sell | Tax Withholding | 6,151 | $243K | 2/15/2025 |
| Douglas N. Currault II | ▼ Sell | Tax Withholding | 5,142 | $203K | 2/15/2025 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 27,196 | $1.1M | 2/15/2025 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 26,927 | $1.1M | 2/15/2025 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 55,863 | $2.1M | 2/11/2025 |
| Douglas N. Currault II | ▲ Buy | Grant | 11,625 | $0 | 2/11/2025 |
| Richard C. Adkerson | ▲ Buy | Grant | 151,875 | $0 | 2/11/2025 |
| Maree E. Robertson | ▲ Buy | Grant | 28,000 | $0 | 2/11/2025 |
| Maree E. Robertson | ▲ Buy | Grant | 13,875 | $0 | 2/11/2025 |
| Maree E. Robertson | ▼ Sell | Tax Withholding | 4,801 | $185K | 2/11/2025 |
| Stephen T. Higgins | ▲ Buy | Grant | 26,000 | $0 | 2/11/2025 |
| Stephen T. Higgins | ▲ Buy | Grant | 13,125 | $0 | 2/11/2025 |
| Stephen T. Higgins | ▼ Sell | Tax Withholding | 3,634 | $140K | 2/11/2025 |
| Ellie L. Mikes | ▲ Buy | Grant | 18,000 | $0 | 2/11/2025 |
| Douglas N. Currault II | ▲ Buy | Grant | 23,500 | $0 | 2/11/2025 |
| Douglas N. Currault II | ▼ Sell | Tax Withholding | 3,241 | $125K | 2/11/2025 |
| Kathleen L. Quirk | ▲ Buy | Grant | 77,000 | $0 | 2/11/2025 |
| Kathleen L. Quirk | ▲ Buy | Grant | 89,250 | $0 | 2/11/2025 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 33,451 | $1.3M | 2/11/2025 |
| Richard C. Adkerson | ▲ Buy | Grant | 57,000 | $0 | 2/11/2025 |
| John Joseph Stephens | ▲ Buy | Grant | 525 | $20K | 1/1/2025 |
| Hugh Grant | ▲ Buy | Grant | 853 | $32K | 1/1/2025 |
| Maree E. Robertson | ▼ Sell | Open Market | 13,000 | $584K | 11/11/2024 |
| Hugh Grant | ▲ Buy | Grant | 651 | $32K | 10/1/2024 |
| John Joseph Stephens | ▲ Buy | Grant | 400 | $20K | 10/1/2024 |
| Richard C. Adkerson | ▼ Sell | Gift | 36,261 | $0 | 8/26/2024 |
| John Joseph Stephens | ▲ Buy | Grant | 411 | $20K | 7/1/2024 |
| Hugh Grant | ▲ Buy | Grant | 668 | $32K | 7/1/2024 |
| Kathleen L. Quirk | ▲ Buy | Grant | 9,000 | $0 | 6/11/2024 |
| Frances F. Townsend | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Hugh Grant | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Sara Grootwassink Lewis | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| John Joseph Stephens | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Lydia H. Kennard | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Ryan Michael Lance | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Robert W. Dudley | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Marcela E. Donadio | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| David P. Abney | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Dustan E. McCoy | ▲ Buy | Grant | 3,500 | $0 | 6/1/2024 |
| Stephen T. Higgins | ▲ Buy | Option Exercise | 65,000 | $783K | 5/13/2024 |
| Stephen T. Higgins | ▲ Buy | Option Exercise | 15,000 | $422K | 5/13/2024 |
| Stephen T. Higgins | ▼ Sell | Open Market | 80,000 | $4.2M | 5/13/2024 |
| Richard C. Adkerson | ▼ Sell | Gift | 43,164 | $0 | 5/9/2024 |
| Richard C. Adkerson | ▼ Sell | Open Market | 54,771 | $2.8M | 5/6/2024 |
| Stephen T. Higgins | ▲ Buy | Option Exercise | 42,767 | $509K | 5/3/2024 |
| Stephen T. Higgins | ▼ Sell | Open Market | 42,767 | $2.2M | 5/3/2024 |
| Ellie L. Mikes | ▼ Sell | Open Market | 3,000 | $153K | 5/1/2024 |
| Stephen T. Higgins | ▲ Buy | Option Exercise | 21,667 | $257K | 5/1/2024 |
| Stephen T. Higgins | ▲ Buy | Option Exercise | 22,233 | $265K | 5/1/2024 |
| Stephen T. Higgins | ▼ Sell | Open Market | 43,900 | $2.2M | 5/1/2024 |
| Ellie L. Mikes | ▲ Buy | Option Exercise | 1,333 | $38K | 5/1/2024 |
| Ellie L. Mikes | ▼ Sell | Open Market | 1,333 | $68K | 5/1/2024 |
| Richard C. Adkerson | ▼ Sell | Open Market | 169,229 | $8.6M | 4/30/2024 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 30,000 | $562K | 4/29/2024 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 25,000 | $297K | 4/29/2024 |
| Douglas N. Currault II | ▼ Sell | Open Market | 55,000 | $2.9M | 4/29/2024 |
| Richard C. Adkerson | ▲ Buy | Option Exercise | 580,000 | $11.0M | 4/29/2024 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 355,622 | $18.6M | 4/29/2024 |
| John Joseph Stephens | ▲ Buy | Grant | 451 | $21K | 4/1/2024 |
| Hugh Grant | ▲ Buy | Grant | 717 | $34K | 4/1/2024 |
| Stephen T. Higgins | ▼ Sell | Tax Withholding | 5,595 | $208K | 2/15/2024 |
| Maree E. Robertson | ▼ Sell | Tax Withholding | 6,526 | $243K | 2/15/2024 |
| Ellie L. Mikes | ▼ Sell | Tax Withholding | 3,761 | $140K | 2/15/2024 |
| Douglas N. Currault II | ▼ Sell | Tax Withholding | 5,268 | $196K | 2/15/2024 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 22,121 | $823K | 2/15/2024 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 24,113 | $897K | 2/15/2024 |
| Ellie L. Mikes | ▲ Buy | Grant | 18,000 | $0 | 2/6/2024 |
| Douglas N. Currault II | ▲ Buy | Grant | 20,500 | $0 | 2/6/2024 |
| Stephen T. Higgins | ▲ Buy | Grant | 22,500 | $0 | 2/6/2024 |
| Maree E. Robertson | ▲ Buy | Grant | 23,000 | $0 | 2/6/2024 |
| Kathleen L. Quirk | ▲ Buy | Grant | 67,000 | $0 | 2/6/2024 |
| Kathleen L. Quirk | ▲ Buy | Grant | 146,377 | $0 | 2/6/2024 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 61,259 | $2.4M | 2/6/2024 |
| Richard C. Adkerson | ▲ Buy | Grant | 78,000 | $0 | 2/6/2024 |
| Richard C. Adkerson | ▲ Buy | Grant | 457,303 | $0 | 2/6/2024 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 179,949 | $7.0M | 2/6/2024 |
| Kathleen L. Quirk | ▲ Buy | Option Exercise | 220,000 | $6.8M | 2/1/2024 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 186,949 | $7.5M | 2/1/2024 |
| Richard C. Adkerson | ▲ Buy | Option Exercise | 335,000 | $10.4M | 2/1/2024 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 284,559 | $11.4M | 2/1/2024 |
| John Joseph Stephens | ▲ Buy | Grant | 440 | $19K | 1/1/2024 |
| Hugh Grant | ▲ Buy | Grant | 734 | $31K | 1/1/2024 |
| Richard C. Adkerson | ▼ Sell | Gift | 22,101 | $0 | 12/2/2023 |
| Hugh Grant | ▲ Buy | Grant | 838 | $31K | 10/1/2023 |
| John Joseph Stephens | ▲ Buy | Grant | 502 | $19K | 10/1/2023 |
| Richard C. Adkerson | ▼ Sell | Gift | 8,523 | $0 | 8/23/2023 |
| Hugh Grant | ▲ Buy | Grant | 781 | $31K | 7/1/2023 |
| John Joseph Stephens | ▲ Buy | Grant | 468 | $19K | 7/1/2023 |
| Frances F. Townsend | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| John Joseph Stephens | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Dustan E. McCoy | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Sara Grootwassink Lewis | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Ryan Michael Lance | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Lydia H. Kennard | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Hugh Grant | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Robert W. Dudley | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Marcela E. Donadio | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| David P. Abney | ▲ Buy | Grant | 5,000 | $0 | 6/1/2023 |
| Sara Grootwassink Lewis | ▲ Buy | Open Market | 4,000 | $140K | 5/12/2023 |
| John Joseph Stephens | ▲ Buy | Grant | 458 | $19K | 4/1/2023 |
| Hugh Grant | ▲ Buy | Grant | 763 | $31K | 4/1/2023 |
| Richard C. Adkerson | ▼ Sell | Gift | 13,110 | $0 | 3/11/2023 |
| Ellie L. Mikes | ▲ Buy | Option Exercise | 1,333 | $38K | 3/1/2023 |
| Ellie L. Mikes | ▼ Sell | Open Market | 8,000 | $345K | 3/1/2023 |
| Ellie L. Mikes | ▼ Sell | Open Market | 3,678 | $159K | 3/1/2023 |
| Ellie L. Mikes | ▲ Buy | Option Exercise | 6,667 | $80K | 3/1/2023 |
| Stephen T. Higgins | ▲ Buy | Option Exercise | 5,000 | — | 2/15/2023 |
| Douglas N. Currault II | ▼ Sell | Other | 5,000 | $215K | 2/15/2023 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 15,294 | $657K | 2/15/2023 |
| Maree E. Robertson | ▼ Sell | Tax Withholding | 7,276 | $313K | 2/15/2023 |
| Kathleen L. Quirk | ▼ Sell | Tax Withholding | 24,952 | $1.1M | 2/15/2023 |
| Ellie L. Mikes | ▼ Sell | Tax Withholding | 2,655 | $114K | 2/15/2023 |
| Stephen T. Higgins | ▼ Sell | Tax Withholding | 5,186 | $223K | 2/15/2023 |
| Stephen T. Higgins | ▼ Sell | Other | 5,000 | $215K | 2/15/2023 |
| Douglas N. Currault II | ▼ Sell | Tax Withholding | 5,597 | $241K | 2/15/2023 |
| Douglas N. Currault II | ▲ Buy | Option Exercise | 5,000 | — | 2/15/2023 |
| Richard C. Adkerson | ▼ Sell | Tax Withholding | 425,423 | $18.3M | 2/7/2023 |
| Ellie L. Mikes | ▲ Buy | Grant | 16,000 | $0 | 2/7/2023 |
| Douglas N. Currault II | ▲ Buy | Grant | 18,000 | $0 | 2/7/2023 |
| Stephen T. Higgins | ▲ Buy | Grant | 20,000 | $0 | 2/7/2023 |
AI Market Commentary
AI-generatedAll commentary →Synthesized from recent news and fundamentals/technical data -- not human analyst commentary or trader sentiment.
October 17, 2026
FCX Grasberg on schedule amid cash flow valuation questions
Recent news highlights that Freeport-McMoRan's Grasberg operation is back on schedule, supporting its production outlook. However, market commentary questions whether the stock is priced for perfection on cash flow, with copper prices acting as a key test. The company's valuation of 33.9 times trailing earnings reflects high market expectations for cash flow delivery.
FCX Grasberg on schedule amid cash flow valuation questions. Recent news highlights that Freeport-McMoRan's Grasberg operation is back on schedule, supporting its production outlook. However, market commentary questions whether the stock is priced for perfection on cash flow, with copper prices acting as a key test. The company's valuation of 33.9 times trailing earnings reflects high market expectations for cash flow delivery.