HBM
Hudbay Minerals Inc.
Copper
Market Cap$9.52B
5Y Perf.+788.9%
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Stock Comparison
HBM vs NEXA
Revenue, margins, valuation, and 5-year total return — side by side.
NEXA
Nexa Resources S.A.
Industrial Materials
Market Cap$2.21B
5Y Perf.+314.9%
HBM vs NEXA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | HBM | NEXA |
|---|---|---|
| Industry | Copper | Industrial Materials |
| Market Cap | $9.52B | $2.21B |
| Revenue (TTM) | $2.22B | $2.98B |
| Net Income (TTM) | $570M | $133M |
| Gross Margin | 32.5% | 19.7% |
| Operating Margin | 41.4% | 13.1% |
| Forward P/E | 15.4x | 7.6x |
| Total Debt | $1.09B | $1.83B |
| Cash & Equiv. | $568M | $516M |
HBM vs NEXA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
HBM
NEXA
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Hudbay Minerals Inc. (HBM) | 100 | 888.9 | +788.9% |
| Nexa Resources S.A. (NEXA) | 100 | 414.9 | +314.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HBM vs NEXA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: NEXA leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and capital preservation and lower volatility. Hudbay Minerals Inc. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
HBM
Hudbay Minerals Inc.
The Growth Play
HBM is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 8.9%, EPS growth 6.3%, 3Y rev CAGR 14.6%
- 490.5% 10Y total return vs NEXA's 10.1%
- Lower volatility, beta 1.91, Low D/E 33.9%, current ratio 0.95x
Best for: growth exposure and long-term compounding
NEXA
Nexa Resources S.A.
The Income Pick
NEXA carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 1 yrs, beta 1.52, yield 1.5%
- Beta 1.52, yield 1.5%, current ratio 0.87x
- Lower P/E (7.6x vs 15.4x)
Best for: income & stability and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | HBM | 8.9% revenue growth vs NEXA's 8.2% |
| Value | NEXA | Lower P/E (7.6x vs 15.4x) |
| Quality / Margins | HBM | 25.8% margin vs NEXA's 4.4% |
| Stability / Safety | NEXA | Beta 1.52 vs HBM's 1.91 |
| Dividends | NEXA | 1.5% yield, 1-year raise streak, vs HBM's 0.1% |
| Momentum (1Y) | NEXA | +215.0% vs HBM's +212.7% |
| Efficiency (ROA) | HBM | 9.8% ROA vs NEXA's 2.7%, ROIC 12.0% vs 12.6% |
HBM vs NEXA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
HBM vs NEXA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHBMLAGGINGNEXA
NEXANexa Resources S.A.
3leads
HBMHudbay Minerals Inc.
3leads
6 Total Categories
CATEGORYLEADERvs NEXAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HBM6/6
Valuation MetricsMultiples, price ratios, and targets
NEXA5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HBM7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
HBM4/6
Risk & VolatilityBeta, volatility, and downside exposure
NEXA2/2
Analyst OutlookRatings, price targets, and dividends
NEXA2/2
Income & Cash Flow (Last 12 Months)
HBM leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NEXA and HBM operate at a comparable scale, with $3.0B and $2.2B in trailing revenue. HBM is the more profitable business, keeping 25.8% of every revenue dollar as net income compared to NEXA's 4.4%. On growth, HBM holds the edge at +26.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | HBMHudbay Minerals I… | NEXANexa Resources S.… |
|---|---|---|
| RevenueTrailing 12 months | $2.2B | $3.0B |
| EBITDAEarnings before interest/tax | $1.4B | $728M |
| Net IncomeAfter-tax profit | $570M | $133M |
| Free Cash FlowCash after capex | $215M | $45M |
| Gross MarginGross profit ÷ Revenue | +32.5% | +19.7% |
| Operating MarginEBIT ÷ Revenue | +41.4% | +13.1% |
| Net MarginNet income ÷ Revenue | +25.8% | +4.4% |
| FCF MarginFCF ÷ Revenue | +9.7% | +1.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +26.0% | +20.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +5.1% | +151.4% |
HBM leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
NEXA leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 16.4x trailing earnings, HBM trades at a 2% valuation discount to NEXA's 16.7x P/E. On an enterprise value basis, NEXA's 4.6x EV/EBITDA is more attractive than HBM's 9.8x.
| Metric | HBMHudbay Minerals I… | NEXANexa Resources S.… |
|---|---|---|
| Market CapShares × price | $9.5B | $2.2B |
| Enterprise ValueMkt cap + debt − cash | $10.0B | $3.5B |
| Trailing P/EPrice ÷ TTM EPS | 16.44x | 16.72x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.41x | 7.58x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 9.83x | 4.60x |
| Price / SalesMarket cap ÷ Revenue | 4.33x | 0.74x |
| Price / BookPrice ÷ Book value/share | 2.95x | 1.72x |
| Price / FCFMarket cap ÷ FCF | 48.13x | 42.61x |
NEXA leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
HBM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
HBM delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $11 for NEXA. HBM carries lower financial leverage with a 0.34x debt-to-equity ratio, signaling a more conservative balance sheet compared to NEXA's 1.42x. On the Piotroski fundamental quality scale (0–9), NEXA scores 6/9 vs HBM's 5/9, reflecting solid financial health.
| Metric | HBMHudbay Minerals I… | NEXANexa Resources S.… |
|---|---|---|
| ROE (TTM)Return on equity | +19.2% | +11.0% |
| ROA (TTM)Return on assets | +9.8% | +2.7% |
| ROICReturn on invested capital | +12.0% | +12.6% |
| ROCEReturn on capital employed | +11.3% | +11.2% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.34x | 1.42x |
| Net DebtTotal debt minus cash | $524M | $1.3B |
| Cash & Equiv.Liquid assets | $568M | $516M |
| Total DebtShort + long-term debt | $1.1B | $1.8B |
| Interest CoverageEBIT ÷ Interest expense | 13.44x | 2.20x |
HBM leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
HBM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HBM five years ago would be worth $27,864 today (with dividends reinvested), compared to $17,284 for NEXA. Over the past 12 months, NEXA leads with a +215.0% total return vs HBM's +212.7%. The 3-year compound annual growth rate (CAGR) favors HBM at 65.5% vs NEXA's 41.6% — a key indicator of consistent wealth creation.
| Metric | HBMHudbay Minerals I… | NEXANexa Resources S.… |
|---|---|---|
| YTD ReturnYear-to-date | +19.4% | +90.2% |
| 1-Year ReturnPast 12 months | +212.7% | +215.0% |
| 3-Year ReturnCumulative with dividends | +353.7% | +183.7% |
| 5-Year ReturnCumulative with dividends | +178.6% | +72.8% |
| 10-Year ReturnCumulative with dividends | +490.5% | +10.1% |
| CAGR (3Y)Annualised 3-year return | +65.5% | +41.6% |
HBM leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
NEXA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NEXA is the less volatile stock with a 1.52 beta — it tends to amplify market swings less than HBM's 1.91 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NEXA currently trades 99.3% from its 52-week high vs HBM's 83.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | HBMHudbay Minerals I… | NEXANexa Resources S.… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.91x | 1.52x |
| 52-Week HighHighest price in past year | $28.74 | $16.84 |
| 52-Week LowLowest price in past year | $7.40 | $4.44 |
| % of 52W HighCurrent price vs 52-week peak | +83.5% | +99.3% |
| RSI (14)Momentum oscillator 0–100 | 45.5 | 70.3 |
| Avg Volume (50D)Average daily shares traded | 5.4M | 1.1M |
NEXA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
NEXA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates HBM as "Buy" and NEXA as "Hold". Consensus price targets imply -33.6% upside for NEXA (target: $11) vs -56.9% for HBM (target: $10). NEXA is the only dividend payer here at 1.55% yield — a key consideration for income-focused portfolios.
| Metric | HBMHudbay Minerals I… | NEXANexa Resources S.… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $10.34 | $11.10 |
| # AnalystsCovering analysts | 20 | 10 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +1.5% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.01 | $0.26 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
NEXA leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
HBM leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NEXA leads in 3 (Valuation Metrics, Risk & Volatility).
Best OverallHudbay Minerals Inc. (HBM)Leads 3 of 6 categories
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HBM vs NEXA: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HBM or NEXA a better buy right now?
For growth investors, Hudbay Minerals Inc.
(HBM) is the stronger pick with 8. 9% revenue growth year-over-year, versus 8. 2% for Nexa Resources S. A. (NEXA). Hudbay Minerals Inc. (HBM) offers the better valuation at 16. 4x trailing P/E (15. 4x forward), making it the more compelling value choice. Analysts rate Hudbay Minerals Inc. (HBM) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HBM or NEXA?
On trailing P/E, Hudbay Minerals Inc.
(HBM) is the cheapest at 16. 4x versus Nexa Resources S. A. at 16. 7x. On forward P/E, Nexa Resources S. A. is actually cheaper at 7. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HBM or NEXA?
Over the past 5 years, Hudbay Minerals Inc.
(HBM) delivered a total return of +178. 6%, compared to +72. 8% for Nexa Resources S. A. (NEXA). Over 10 years, the gap is even starker: HBM returned +490. 5% versus NEXA's +10. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HBM or NEXA?
By beta (market sensitivity over 5 years), Nexa Resources S.
A. (NEXA) is the lower-risk stock at 1. 52β versus Hudbay Minerals Inc. 's 1. 91β — meaning HBM is approximately 25% more volatile than NEXA relative to the S&P 500. On balance sheet safety, Hudbay Minerals Inc. (HBM) carries a lower debt/equity ratio of 34% versus 142% for Nexa Resources S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — HBM or NEXA?
By revenue growth (latest reported year), Hudbay Minerals Inc.
(HBM) is pulling ahead at 8. 9% versus 8. 2% for Nexa Resources S. A. (NEXA). On earnings-per-share growth, the picture is similar: Hudbay Minerals Inc. grew EPS 630. 0% year-over-year, compared to 164. 5% for Nexa Resources S. A.. Over a 3-year CAGR, HBM leads at 14. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HBM or NEXA?
Hudbay Minerals Inc.
(HBM) is the more profitable company, earning 26. 3% net margin versus 4. 4% for Nexa Resources S. A. — meaning it keeps 26. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HBM leads at 25. 5% versus 13. 7% for NEXA. At the gross margin level — before operating expenses — HBM leads at 29. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HBM or NEXA more undervalued right now?
On forward earnings alone, Nexa Resources S.
A. (NEXA) trades at 7. 6x forward P/E versus 15. 4x for Hudbay Minerals Inc. — 7. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NEXA: -33. 6% to $11. 10.
08Which pays a better dividend — HBM or NEXA?
In this comparison, NEXA (1.
5% yield) pays a dividend. HBM does not pay a meaningful dividend and should not be held primarily for income.
09Is HBM or NEXA better for a retirement portfolio?
For long-horizon retirement investors, Nexa Resources S.
A. (NEXA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1. 5% yield). Hudbay Minerals Inc. (HBM) carries a higher beta of 1. 91 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NEXA: +10. 1%, HBM: +490. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HBM and NEXA?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
NEXA pays a dividend while HBM does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(HBM: 26.0% · NEXA: 20.9%)Net Margin>
%
(HBM: 25.8% · NEXA: 4.4%)P/E Ratio<
x
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