Hudbay Minerals Inc
HBM—
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Hudbay Minerals Inc AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin 24.2% TTM vs industry median 6.8% - 3.6x advantage despite revenue down 29% YoY[Operating Margin TTM]
- 339M unusual income TTM (16% of revenue) from asset sales inflates earnings - core profitability lower[Total Unusual Items]
- P/S 3.6x vs industry median 0.9x - trading at 4x sector multiple on declining revenue base[P/S Ratio]
Watch Triggers
- Total Revenue 1yr Growth: Returns to positive growth — Revenue recovery validates premium multiple; continued decline compresses valuation
- Total Unusual Items: Normalizes toward zero — Core earnings visibility improves; current 339M inflates reported profitability
- Gross Margin TTM: Falls below 25% — Signals commodity price pressure eroding cost advantage vs peers
Bull Case
Best-in-class profitability: 24% operating margin and 22% net margin TTM are 3-5x industry medians, converting to 15% FCF yield on EV
Operating Margin TTMNet Margin TTMFree Cash Flow TTM
Conservative balance sheet with 0.36x debt/equity and 611M cash provides optionality for M&A or shareholder returns
Debt to EquityCash and Equivalents
Bear Case
Revenue collapsed 29% YoY with gross profit down 53% - commodity price sensitivity extreme; 339M one-time gains mask deterioration
Total Revenue 1yr GrowthGross Profit 1yr GrowthTotal Unusual Items
P/S 3.6x vs 0.9x median and P/E 29x vs 22x median prices in perfection despite volatile commodity exposure
P/S RatioP/E Ratio
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Margin expansion sustainable if copper prices hold, but revenue recovery needed to justify valuation
1-3ymed
- Gross margin 31.9% TTM vs 14.4% median
- ROIC 11.7% TTM vs 6.7% median
- FCF 308M TTM despite 428M capex
Net margin 22.4% vs 4% median5yr revenue CAGR only 1.9%Debt/equity 0.36x manageable
Valuation Context
Caveats
HBM Fundamentals
Manufacturing → Primary Metal Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$10.17B | — | ||
$10.23B | — | ||
15 | — | ||
$2.37B | +13.5% | — | |
$1.67 | +109.5% | — | |
28.7% | +5.6% | — | |
27.8% | +20.3% | — | |
$276.7M | +1.8% | — | |
21.3% | +14.8% | — | |
Beta 5Y (Monthly) | unknown | — |
HBM Dividend History
33 dividends
2026
$0.020006/09/26$0.0100
03/10/26$0.0100
2025
$0.020009/02/25$0.0100
03/04/25$0.0100
2024
$0.020009/03/24$0.0100
03/04/24$0.0100
2023
$0.020008/31/23$0.0100
03/06/23$0.0100
2022
$0.020009/01/22$0.0100
03/07/22$0.0100
2021
$0.020009/02/21$0.0100
03/08/21$0.0100
2020
$0.020009/03/20$0.0100
03/09/20$0.0100
2019
$0.020009/05/19$0.0100
03/07/19$0.0100
2018
$0.020009/06/18$0.0100
03/08/18$0.0100
2017
$0.020009/07/17$0.0100
03/08/17$0.0100
2016
$0.020009/07/16$0.0100
03/09/16$0.0100
2015
$0.020009/09/15$0.0100
03/11/15$0.0100
2014
$0.020009/10/14$0.0100
03/12/14$0.0100
2013
$0.110009/11/13$0.0100
03/14/13$0.1000
2012
$0.200009/12/12$0.1000
03/16/12$0.1000
2011
$0.200009/13/11$0.1000
03/17/11$0.1000
2010
$0.100009/13/10$0.1000
HBM Stock Splits
No stock splits
HBM SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/01/26 | 03/31/26 | 6-K | |
03/27/26 | 12/31/25 | 40-F | |
02/20/26 | 12/31/25 | 6-K | |
11/13/25 | 09/30/25 | 6-K | |
08/13/25 | 06/30/25 | 6-K | |
08/14/25 | 06/30/25 | 6-K | |
05/13/25 | 03/31/25 | 6-K | |
03/27/25 | 12/31/24 | 40-F | |
11/14/24 | 09/30/24 | 6-K | |
08/13/24 | 06/30/24 | 6-K | |
05/14/24 | 03/31/24 | 6-K | |
03/28/24 | 12/31/23 | 40-F | |
11/09/23 | 09/30/23 | 6-K | |
08/09/23 | 06/30/23 | 6-K | |
05/09/23 | 03/31/23 | 6-K | |
03/31/23 | 12/31/22 | 40-F | |
11/03/22 | 09/30/22 | 6-K | |
08/09/22 | 06/30/22 | 6-K | |
05/10/22 | 03/31/22 | 6-K | |
03/29/22 | 12/31/21 | 40-F | |
11/04/21 | 09/30/21 | 6-K | |
08/10/21 | 06/30/21 | 6-K | |
05/12/21 | 03/31/21 | 6-K | |
03/30/21 | 12/31/20 | 40-F | |
11/04/20 | 09/30/20 | 6-K | |
08/12/20 | 06/30/20 | 6-K | |
05/15/20 | 03/31/20 | 6-K | |
03/31/20 | 12/31/19 | 40-F | |
11/12/19 | 09/30/19 | 6-K | |
08/09/19 | 06/30/19 | 6-K | |
05/07/19 | 03/31/19 | 6-K | |
04/01/19 | 12/31/18 | 40-F | |
11/01/18 | 09/30/18 | 6-KP | |
08/01/18 | 06/30/18 | 6-K | |
05/03/18 | 03/31/18 | 6-K | |
03/30/18 | 12/31/17 | 40-F | |
11/02/17 | 09/30/17 | 6-K | |
08/04/17 | 06/30/17 | 6-K | |
05/04/17 | 03/31/17 | 6-K | |
03/31/17 | 12/31/16 | 40-F | |
11/03/16 | 09/30/16 | 6-K | |
07/28/16 | 06/30/16 | 6-K | |
04/29/16 | 03/31/16 | 6-K | |
03/31/16 | 12/31/15 | 40-F | |
11/06/15 | 09/30/15 | 6-K | |
07/30/15 | 06/30/15 | 6-K | |
05/08/15 | 03/31/15 | 6-K | |
03/31/15 | 12/31/14 | 40-F | |
10/30/14 | 09/30/14 | 6-K | |
07/31/14 | 06/30/14 | 6-K | |
05/01/14 | 03/31/14 | 6-K | |
03/31/14 | 12/31/13 | 40-F | |
11/12/13 | 09/30/13 | 6-K | |
08/01/13 | 06/30/13 | 6-K | |
05/02/13 | 03/31/13 | 6-K | |
03/28/13 | 12/31/12 | 40-F | |
11/02/12 | 09/30/12 | 6-K | |
08/15/12 | 06/30/12 | 6-K | |
05/10/12 | 03/31/12 | 6-K | |
04/02/12 | 12/31/11 | 40-F | |
11/03/11 | 09/30/11 | 6-K | |
08/10/11 | 06/30/11 | 6-K | |
05/31/11 | 03/31/11 | 6-K | |
03/31/11 | 12/31/10 | 40-F | |
11/04/10 | 09/30/10 | 6-K | |
08/04/10 | 06/30/10 | Quarterly | -- |
05/04/10 | 03/31/10 | Quarterly | -- |
10/19/10 | 12/31/09 | 40FR12B | |
11/03/09 | 09/30/09 | Quarterly | -- |
08/06/09 | 06/30/09 | Quarterly | -- |
05/05/09 | 03/30/09 | Quarterly | -- |
12/31/08 | 12/31/08 | Unknown | -- |
09/30/08 | 09/30/08 | Unknown | -- |
06/30/08 | 06/30/08 | Unknown | -- |
03/31/08 | 03/30/08 | Unknown | -- |
12/31/07 | 12/31/07 | Unknown | -- |
09/30/07 | 09/30/07 | Unknown | -- |
06/30/07 | 06/30/07 | Unknown | -- |
03/31/07 | 03/30/07 | Unknown | -- |
12/31/06 | 12/31/06 | Unknown | -- |
09/30/06 | 09/30/06 | Unknown | -- |
06/30/06 | 06/30/06 | 6-K | |
03/31/06 | 03/30/06 | Unknown | -- |
03/22/06 | 12/31/05 | 40-F | |
09/30/05 | 09/30/05 | Unknown | -- |
06/30/05 | 06/30/05 | Unknown | -- |
03/31/05 | 03/30/05 | Unknown | -- |
12/31/04 | 12/31/04 | Unknown | -- |
09/30/04 | 09/30/04 | Unknown | -- |
06/30/04 | 06/30/04 | Unknown | -- |
03/31/04 | 03/30/04 | Unknown | -- |
12/31/03 | 12/31/03 | Unknown | -- |
09/30/03 | 09/30/03 | Unknown | -- |
06/30/03 | 06/30/03 | Unknown | -- |
03/31/03 | 03/30/03 | Unknown | -- |
12/31/02 | 12/31/02 | Unknown | -- |
09/30/02 | 09/30/02 | Unknown | -- |
06/30/02 | 06/30/02 | Unknown | -- |
03/31/02 | 03/30/02 | Unknown | -- |
12/31/01 | 12/31/01 | Unknown | -- |
09/30/01 | 09/30/01 | Unknown | -- |
06/30/01 | 06/30/01 | Unknown | -- |
03/31/01 | 03/30/01 | Unknown | -- |
12/31/00 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
06/30/00 | 06/30/00 | Unknown | -- |
03/31/00 | 03/30/00 | Unknown | -- |