HUDBAY MINERALS INC (HBM.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:HBM • CA4436281022

34.96 CAD
-0.83 (-2.32%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to HBM. HBM was compared to 814 industry peers in the Metals & Mining industry. HBM scores excellent on profitability, but there are concerns on its financial health. HBM is growing strongly while it also seems undervalued. This is an interesting combination


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • HBM had positive earnings in the past year.
  • HBM had a positive operating cash flow in the past year.
  • In multiple years HBM reported negative net income over the last 5 years.
  • HBM had a positive operating cash flow in each of the past 5 years.
HBM.CA Yearly Net Income VS EBIT VS OCF VS FCFHBM.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 7.80%, HBM belongs to the top of the industry, outperforming 91.15% of the companies in the same industry.
  • The Return On Equity of HBM (14.99%) is better than 93.24% of its industry peers.
  • The Return On Invested Capital of HBM (7.37%) is better than 92.38% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for HBM is significantly below the industry average of 12.04%.
  • The last Return On Invested Capital (7.37%) for HBM is above the 3 year average (5.61%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.8%
ROE 14.99%
ROIC 7.37%
ROA(3y)1.42%
ROA(5y)-0.82%
ROE(3y)3.55%
ROE(5y)-2.88%
ROIC(3y)5.61%
ROIC(5y)N/A
HBM.CA Yearly ROA, ROE, ROICHBM.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 -10 -15

1.3 Margins

  • HBM's Profit Margin of 22.38% is amongst the best of the industry. HBM outperforms 94.59% of its industry peers.
  • HBM's Operating Margin of 24.24% is amongst the best of the industry. HBM outperforms 93.12% of its industry peers.
  • In the last couple of years the Operating Margin of HBM has grown nicely.
  • With an excellent Gross Margin value of 31.87%, HBM belongs to the best of the industry, outperforming 91.15% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HBM has grown nicely.
Industry RankSector Rank
OM 24.24%
PM (TTM) 22.38%
GM 31.87%
OM growth 3Y11.98%
OM growth 5Y50.87%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.24%
GM growth 5Y17.48%
HBM.CA Yearly Profit, Operating, Gross MarginsHBM.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HBM is destroying value.
  • Compared to 1 year ago, HBM has more shares outstanding
  • The number of shares outstanding for HBM has been increased compared to 5 years ago.
  • Compared to 1 year ago, HBM has an improved debt to assets ratio.
HBM.CA Yearly Shares OutstandingHBM.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
HBM.CA Yearly Total Debt VS Total AssetsHBM.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 2.88 indicates that HBM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of HBM (2.88) is comparable to the rest of the industry.
  • The Debt to FCF ratio of HBM is 3.78, which is a good value as it means it would take HBM, 3.78 years of fcf income to pay off all of its debts.
  • HBM has a better Debt to FCF ratio (3.78) than 91.77% of its industry peers.
  • HBM has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • HBM's Debt to Equity ratio of 0.20 is on the low side compared to the rest of the industry. HBM is outperformed by 66.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.78
Altman-Z 2.88
ROIC/WACC0.76
WACC9.72%
HBM.CA Yearly LT Debt VS Equity VS FCFHBM.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • HBM has a Current Ratio of 0.97. This is a bad value and indicates that HBM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.97, HBM is doing worse than 60.57% of the companies in the same industry.
  • A Quick Ratio of 0.76 indicates that HBM may have some problems paying its short term obligations.
  • HBM has a Quick ratio of 0.76. This is in the lower half of the industry: HBM underperforms 62.53% of its industry peers.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.76
HBM.CA Yearly Current Assets VS Current LiabilitesHBM.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • HBM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.61%, which is quite impressive.
  • The Earnings Per Share has been growing by 25.11% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 1.20% in the past year.
  • Measured over the past years, HBM shows a quite strong growth in Revenue. The Revenue has been growing by 10.31% on average per year.
EPS 1Y (TTM)30.61%
EPS 3Y25.11%
EPS 5YN/A
EPS Q2Q%-76.92%
Revenue 1Y (TTM)1.2%
Revenue growth 3Y10.4%
Revenue growth 5Y10.31%
Sales Q2Q%-28.61%

3.2 Future

  • HBM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.29% yearly.
  • The Revenue is expected to grow by 11.38% on average over the next years. This is quite good.
EPS Next Y86.96%
EPS Next 2Y79.17%
EPS Next 3Y57.98%
EPS Next 5Y37.29%
Revenue Next Year9.8%
Revenue Next 2Y10.99%
Revenue Next 3Y10.76%
Revenue Next 5Y11.38%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
HBM.CA Yearly Revenue VS EstimatesHBM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
HBM.CA Yearly EPS VS EstimatesHBM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 -0.5 1 1.5 2

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8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 40.18, HBM can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of HBM indicates a rather cheap valuation: HBM is cheaper than 88.57% of the companies listed in the same industry.
  • HBM is valuated rather expensively when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 16.97 indicates a correct valuation of HBM.
  • Based on the Price/Forward Earnings ratio, HBM is valued cheaper than 91.15% of the companies in the same industry.
  • HBM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.50.
Industry RankSector Rank
PE 40.18
Fwd PE 16.97
HBM.CA Price Earnings VS Forward Price EarningsHBM.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, HBM is valued cheaper than 94.96% of the companies in the same industry.
  • 94.35% of the companies in the same industry are more expensive than HBM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 32.21
EV/EBITDA 11.78
HBM.CA Per share dataHBM.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • HBM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HBM has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as HBM's earnings are expected to grow with 57.98% in the coming years.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y79.17%
EPS Next 3Y57.98%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.06%, HBM is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.42, HBM pays a better dividend. On top of this HBM pays more dividend than 94.23% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, HBM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.06%

5.2 History

  • The dividend of HBM decreases each year by -0.13%.
  • HBM has paid a dividend for at least 10 years, which is a reliable track record.
  • HBM has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.13%
Div Incr Years0
Div Non Decr Years10
HBM.CA Yearly Dividends per shareHBM.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.01 0.01 0.02

5.3 Sustainability

  • 1.22% of the earnings are spent on dividend by HBM. This is a low number and sustainable payout ratio.
DP1.22%
EPS Next 2Y79.17%
EPS Next 3Y57.98%
HBM.CA Yearly Income VS Free CF VS DividendHBM.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M
HBM.CA Dividend Payout.HBM.CA Dividend Payout, showing the Payout Ratio.HBM.CA Dividend Payout.PayoutRetained Earnings

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HUDBAY MINERALS INC

TSX:HBM (2/4/2026, 7:00:00 PM)

34.96

-0.83 (-2.32%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-12
Earnings (Next)02-20
Inst Owners77.49%
Inst Owner ChangeN/A
Ins Owners0.18%
Ins Owner ChangeN/A
Market Cap13.85B
Revenue(TTM)2.06B
Net Income(TTM)461.66M
Analysts83.81
Price Target28.08 (-19.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.06%
Yearly Dividend0.02
Dividend Growth(5Y)-0.13%
DP1.22%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.31%
Min EPS beat(2)-78.84%
Max EPS beat(2)66.23%
EPS beat(4)2
Avg EPS beat(4)23.51%
Min EPS beat(4)-78.84%
Max EPS beat(4)110.14%
EPS beat(8)5
Avg EPS beat(8)65.86%
EPS beat(12)5
Avg EPS beat(12)10.77%
EPS beat(16)7
Avg EPS beat(16)3.84%
Revenue beat(2)0
Avg Revenue beat(2)-14.51%
Min Revenue beat(2)-28.92%
Max Revenue beat(2)-0.09%
Revenue beat(4)1
Avg Revenue beat(4)-5.34%
Min Revenue beat(4)-28.92%
Max Revenue beat(4)9.21%
Revenue beat(8)3
Avg Revenue beat(8)-2.65%
Revenue beat(12)3
Avg Revenue beat(12)-6.02%
Revenue beat(16)4
Avg Revenue beat(16)-4.19%
PT rev (1m)6.6%
PT rev (3m)22.17%
EPS NQ rev (1m)28.81%
EPS NQ rev (3m)47.17%
EPS NY rev (1m)10.89%
EPS NY rev (3m)5.08%
Revenue NQ rev (1m)0.78%
Revenue NQ rev (3m)17.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.78%
Valuation
Industry RankSector Rank
PE 40.18
Fwd PE 16.97
P/S 4.92
P/FCF 32.21
P/OCF 13.71
P/B 3.29
P/tB 3.38
EV/EBITDA 11.78
EPS(TTM)0.87
EY2.49%
EPS(NY)2.06
Fwd EY5.89%
FCF(TTM)1.09
FCFY3.1%
OCF(TTM)2.55
OCFY7.29%
SpS7.11
BVpS10.62
TBVpS10.35
PEG (NY)0.46
PEG (5Y)N/A
Graham Number14.42
Profitability
Industry RankSector Rank
ROA 7.8%
ROE 14.99%
ROCE 10.23%
ROIC 7.37%
ROICexc 8.42%
ROICexgc 8.58%
OM 24.24%
PM (TTM) 22.38%
GM 31.87%
FCFM 15.27%
ROA(3y)1.42%
ROA(5y)-0.82%
ROE(3y)3.55%
ROE(5y)-2.88%
ROIC(3y)5.61%
ROIC(5y)N/A
ROICexc(3y)6.09%
ROICexc(5y)N/A
ROICexgc(3y)6.21%
ROICexgc(5y)N/A
ROCE(3y)7.79%
ROCE(5y)N/A
ROICexgc growth 3Y18.86%
ROICexgc growth 5Y61.23%
ROICexc growth 3Y18.39%
ROICexc growth 5Y60.76%
OM growth 3Y11.98%
OM growth 5Y50.87%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.24%
GM growth 5Y17.48%
F-Score6
Asset Turnover0.35
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 3.78
Debt/EBITDA 0.69
Cap/Depr 103.45%
Cap/Sales 20.59%
Interest Coverage 8.25
Cash Conversion 81.23%
Profit Quality 68.22%
Current Ratio 0.97
Quick Ratio 0.76
Altman-Z 2.88
F-Score6
WACC9.72%
ROIC/WACC0.76
Cap/Depr(3y)81.38%
Cap/Depr(5y)89.68%
Cap/Sales(3y)18.35%
Cap/Sales(5y)22.65%
Profit Quality(3y)320.92%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)30.61%
EPS 3Y25.11%
EPS 5YN/A
EPS Q2Q%-76.92%
EPS Next Y86.96%
EPS Next 2Y79.17%
EPS Next 3Y57.98%
EPS Next 5Y37.29%
Revenue 1Y (TTM)1.2%
Revenue growth 3Y10.4%
Revenue growth 5Y10.31%
Sales Q2Q%-28.61%
Revenue Next Year9.8%
Revenue Next 2Y10.99%
Revenue Next 3Y10.76%
Revenue Next 5Y11.38%
EBIT growth 1Y21.35%
EBIT growth 3Y23.63%
EBIT growth 5Y66.43%
EBIT Next Year142.89%
EBIT Next 3Y51.93%
EBIT Next 5Y34.94%
FCF growth 1Y595.19%
FCF growth 3Y267.69%
FCF growth 5Y43.75%
OCF growth 1Y121.38%
OCF growth 3Y20.18%
OCF growth 5Y16.47%

HUDBAY MINERALS INC / HBM.CA FAQ

What is the fundamental rating for HBM stock?

ChartMill assigns a fundamental rating of 6 / 10 to HBM.CA.


What is the valuation status for HBM stock?

ChartMill assigns a valuation rating of 8 / 10 to HUDBAY MINERALS INC (HBM.CA). This can be considered as Undervalued.


What is the profitability of HBM stock?

HUDBAY MINERALS INC (HBM.CA) has a profitability rating of 8 / 10.


Can you provide the financial health for HBM stock?

The financial health rating of HUDBAY MINERALS INC (HBM.CA) is 3 / 10.


What is the expected EPS growth for HUDBAY MINERALS INC (HBM.CA) stock?

The Earnings per Share (EPS) of HUDBAY MINERALS INC (HBM.CA) is expected to grow by 86.96% in the next year.