Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States.
It is a $11.6B materials company. Revenue grew 9.4% over the last year, it keeps 26¢ of every dollar of sales as profit, and its net debt equals ~0.5 years of free cash flow. It trades at 16.6× earnings.
- Website
- hudbayminerals.com
- Employees
- 3 072
- Sector
- Basic Materials
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and health; Growth and Moat lag behind.
Valuation70
- P/E vs own history13th pct · 25/25
- FCF yield2.4% · 5/25
- P/S4.6x · 20/25
- EV/EBITDA10.3x · 20/25
Growth32
- Revenue CAGR10.1% · 20/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth9.4% · 12/25
Profitability82
- ROIC10.5% · 12/25
- ROE18.5% · 20/25
- Net margin25.7% · 25/25
- Operating margin44.7% · 25/25
Health80
- Altman Z3.25 · 25/25
- Current ratio2.24 · 25/25
- Interest coverage3.6x · 10/25
- Net cash / debtD/A 2% · 20/25
Quality62
- Piotroski F7/9 · 22/25
- Beneish M-2.41 · 20/25
- FCF conversion50% · 8/25
- Margin stabilityσ 8.2% · 12/25
Moat45
- ROIC >12% years0/5 yrs · 0/25
- Median gross margin46.4% · 20/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst -16.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$569M net income
- FY2022FinancialTurned profitable$70.4M net income after a loss year
- FY2021FinancialRevenue already above $1B$1.50B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2018AcquisitionHudbay acquired mining properties near its Constancia mine in southern Peru
- 2015AcquisitionHudbay acquired the Snow Lake gold mine and mill, formerly New Britannia, from QMX Gold for US$12.3…
- 2014AcquisitionHudbay acquired Augusta Resource Corporation, owner of the proposed Rosemont Copper project in…
- 2011AcquisitionHudbay acquired Norsemont Mining and its Constancia copper mine in Peru for C$520 million
- 2008AcquisitionThe company entered into a merger agreement with Lundin Mining
- 2007MilestoneHudbay located a significant zinc deposit near Snow Lake that became known as Lalor
- 1992MilestoneHudbay closed its original Flin Flon mine; however, that same year
- 1958MilestoneHudbay opened its first mine in Snow Lake, 215 kilometres east of Flin Flon
- 1938IPOThe company was listed on the New York Stock Exchange
- 1925AcquisitionAfter unsuccessful attempts to develop the mine, Cornelius Vanderbilt Whitney (a member of the Whitney…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 25.7% net margin
- Could repay net debt from ~0.5 years of free cash flow
- Piotroski F-Score 7/9 — fundamentally strong checklist
- Altman Z-Score 3.25 — low bankruptcy-risk zone
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+9.4% YoY
- Profitable — makes more than it spends$569M FY2025
- Profit growing — earnings are higher than last year+74.8% YoY
- Generates cash — cash left after running and investing$284M FY2025
- Debt under control — could handle its obligations~0.5y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$11.6B market cap
- Not printing shares — share count not ballooning — you keep your slice+69.5% shares over ~5y
- Proven track record — years of profitability behind it4/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.2 — safe
- Pays a dividend — returns cash to shareholdersyield 0.08%
- Valuation not extreme — price not wildly above earningsP/E 16.6
Peer comparisonHudbay Minerals Inc. vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| HBM this company | $11.6B | 16.6 | +9.4% | 25.7% | Strong |
| LIN Linde plc Ordinary Share | $223.2B | 30.8 | +6.6% | 20.4% | Solid |
| SCCO Southern Copper Corporation | $176.8B | 31.2 | +32.8% | 35.9% | Strong |
| NEM Newmont Corporation | $124.2B | 14.4 | +25.2% | 33.4% | Strong |
| FCX Freeport-McMoran Inc. | $105.8B | 35.9 | +0.2% | 11.4% | Strong |
| AEM Agnico Eagle Mines Ltd. | $95.8B | 15.9 | +43.7% | 37.5% | Strong |
| B Barrick Mining Corporation | $67.5B | 10.1 | +9.2% | 31.6% | Strong |
Head-to-head: HBM vs LIN · HBM vs SCCO · HBM vs NEM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/HBM
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Deeper analysis of HBM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $26.20 · market cap $11.6B.