Hudbay Minerals Inc. (HBM) Financial Ratios
29 years of historical data (1997–2025) · Basic Materials · Copper
EV/EBITDA
↑
9.83
↑+72% vs avg
5yr avg: 5.70
30Y Low2.5·High48.6
P/FCF
↓
48.13
↑+95% vs avg
5yr avg: 24.65
30Y Low4.2·High57.6
P/B Ratio
↑
2.95
↑+127% vs avg
5yr avg: 1.30
30Y Low0.3·High3.2
ROE
↑
19.7%
↓+531% vs avg
5yr avg: 3.1%
30Y Low-159%·High92%
Debt/EBITDA
↓
1.07
↓-47% vs avg
5yr avg: 2.00
30Y Low0.0·High18.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HBM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Hudbay Minerals Inc. trades at 16.4x earnings, 34% below its 5-year average of 24.8x, sitting at the 54th percentile of its historical range. Compared to the Basic Materials sector median P/E of 22.9x, the stock trades at a discount of 28%. On a free-cash-flow basis, the stock trades at 48.1x P/FCF, 95% above the 5-year average of 24.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.5B | $7.9B | $3.1B | $1.7B | $1.3B | $1.9B | $1.8B | $1.1B | $1.2B | $2.1B | $1.3B |
| Enterprise Value | $10.0B | $8.4B | $3.7B | $2.8B | $2.3B | $2.9B | $2.6B | $1.8B | $1.8B | $2.9B | $2.4B |
| P/E Ratio → | 16.44 | 13.60 | 40.50 | 26.29 | 18.78 | — | — | — | 14.30 | 15.44 | — |
| P/S Ratio | 4.33 | 3.58 | 1.51 | 1.02 | 0.91 | 1.26 | 1.67 | 0.88 | 0.84 | 1.53 | 1.19 |
| P/B Ratio | 2.95 | 2.44 | 1.15 | 0.78 | 0.85 | 1.28 | 1.08 | 0.59 | 0.57 | 1.00 | 0.76 |
| P/FCF | 48.13 | 39.78 | 9.63 | 8.77 | 7.43 | 57.63 | — | 20.99 | 4.27 | 7.39 | 4.76 |
| P/OCF | 14.16 | 11.70 | 4.59 | 3.60 | 2.73 | 4.92 | 7.64 | 3.49 | 2.57 | 3.97 | 2.83 |
P/E links to full P/E history page with 30-year chart
HBM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Hudbay Minerals Inc.'s enterprise value stands at 9.8x EBITDA, 72% above its 5-year average of 5.7x. The Basic Materials sector median is 11.4x, placing the stock at a 14% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.81 | 1.83 | 1.68 | 1.61 | 1.92 | 2.37 | 1.42 | 1.20 | 2.03 | 2.15 |
| EV / EBITDA | 9.83 | 8.21 | 4.41 | 4.02 | 4.24 | 7.63 | 7.93 | 30.33 | 2.81 | 4.28 | 5.19 |
| EV / EBIT | 17.88 | 14.94 | 8.83 | 11.72 | 14.37 | — | — | — | 7.38 | 8.41 | 16.20 |
| EV / FCF | — | 42.43 | 11.65 | 14.53 | 13.13 | 87.64 | — | 33.98 | 6.14 | 9.84 | 8.61 |
HBM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Hudbay Minerals Inc. earns an operating margin of 25.5%, significantly above the Basic Materials sector average of 9.8%. Operating margins have expanded from 17.6% to 25.5% over the past 3 years, signaling improving operational efficiency. ROE of 19.7% indicates solid capital efficiency. ROIC of 12.0% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.1% | 29.1% | 48.5% | 23.2% | 18.9% | 8.7% | 3.6% | 12.2% | 25.4% | 26.7% | 19.7% |
| Operating Margin | 25.5% | 25.5% | 19.8% | 17.6% | 14.7% | 1.2% | -3.4% | -23.3% | 20.3% | 25.1% | 15.0% |
| Net Profit Margin | 26.3% | 26.3% | 3.8% | 3.9% | 4.8% | -16.3% | -13.2% | -27.8% | 5.8% | 10.0% | -3.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.7% | 19.7% | 3.2% | 3.5% | 4.6% | -15.4% | -8.2% | -17.1% | 4.0% | 7.1% | -2.0% |
| ROA | 9.9% | 9.9% | 1.4% | 1.4% | 1.6% | -5.3% | -3.2% | -7.5% | 1.8% | 3.1% | -0.8% |
| ROIC | 12.0% | 12.0% | 9.1% | 7.5% | 6.4% | 0.6% | -1.1% | -8.3% | 8.0% | 9.3% | 4.3% |
| ROCE | 11.3% | 11.3% | 8.2% | 6.9% | 5.4% | 0.4% | -0.9% | -6.9% | 6.9% | 8.4% | 4.1% |
HBM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Hudbay Minerals Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (59% below the sector average of 2.6x). Net debt stands at $524M ($1.1B total debt minus $568M cash). Interest coverage of 7.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.45 | 0.62 | 0.79 | 0.85 | 0.71 | 0.58 | 0.48 | 0.50 | 0.70 |
| Debt / EBITDA | 1.07 | 1.07 | 1.41 | 1.95 | 2.25 | 3.33 | 3.67 | 18.44 | 1.67 | 1.60 | 2.63 |
| Net Debt / Equity | — | 0.16 | 0.24 | 0.51 | 0.65 | 0.67 | 0.45 | 0.36 | 0.25 | 0.33 | 0.62 |
| Net Debt / EBITDA | 0.51 | 0.51 | 0.76 | 1.59 | 1.84 | 2.61 | 2.33 | 11.60 | 0.85 | 1.06 | 2.32 |
| Debt / FCF | — | 2.65 | 2.02 | 5.76 | 5.70 | 30.01 | — | 12.99 | 1.87 | 2.44 | 3.85 |
| Interest Coverage | 7.49 | 7.49 | 5.20 | 2.76 | 2.25 | -1.56 | -1.00 | -4.68 | 1.85 | 2.12 | 0.93 |
HBM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.95x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.25x to 0.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.95 | 0.95 | 1.95 | 1.25 | 1.17 | 1.29 | 1.68 | 1.69 | 2.36 | 1.86 | 1.39 |
| Quick Ratio | 0.78 | 0.78 | 1.58 | 0.87 | 0.82 | 0.98 | 1.36 | 1.34 | 2.00 | 1.47 | 1.03 |
| Cash Ratio | 0.46 | 0.46 | 1.08 | 0.46 | 0.50 | 0.53 | 0.98 | 1.01 | 1.58 | 1.00 | 0.47 |
| Asset Turnover | — | 0.35 | 0.37 | 0.32 | 0.34 | 0.33 | 0.23 | 0.28 | 0.31 | 0.30 | 0.25 |
| Inventory Turnover | 7.85 | 7.85 | 5.27 | 6.26 | 7.64 | 8.65 | 7.36 | 7.82 | 9.27 | 6.98 | 8.05 |
| Days Sales Outstanding | — | 62.73 | 42.73 | 44.43 | 30.55 | 49.59 | 51.34 | 33.41 | 29.54 | 40.48 | 49.34 |
HBM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Hudbay Minerals Inc. returns 0.1% to shareholders annually primarily through dividends. The payout ratio of 1.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.1% | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% | 0.4% | 0.3% | 0.2% | 0.3% |
| Payout Ratio | 1.0% | 1.0% | 7.2% | 6.8% | 5.8% | — | — | — | 4.7% | 2.6% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 7.4% | 2.5% | 3.8% | 5.3% | — | — | — | 7.0% | 6.5% | — |
| FCF Yield | 2.1% | 2.5% | 10.4% | 11.4% | 13.5% | 1.7% | — | 4.8% | 23.4% | 13.5% | 21.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% | 0.4% | 0.3% | 0.2% | 0.3% |
| Shares Outstanding | — | $397M | $377M | $311M | $262M | $261M | $261M | $261M | $261M | $244M | $236M |
Peer Comparison
Compare HBM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 HBMYou | $10B | 16.4 | 9.8 | 48.1 | 29.1% | 25.5% | 19.7% | 12.0% | 1.1 |
 FCX | $88B | 40.1 | 11.2 | 78.4 | 27.0% | 24.4% | 7.4% | 12.8% | 1.3 |
 TECK | $30B | 29.8 | 12.5 | — | 21.8% | 16.5% | 5.3% | 4.4% | 2.8 |
 ERO | $3B | 10.5 | 8.2 | 30.9 | 43.2% | 33.8% | 35.1% | 15.5% | 1.5 |
 NEXA | $2B | 16.7 | 4.6 | 42.6 | 17.9% | 13.7% | 11.3% | 12.6% | 2.4 |
 CDE | $12B | 20.8 | 11.6 | 18.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 SCCO | $152B | 35.1 | 19.7 | 44.3 | 56.7% | 52.2% | 42.6% | 38.6% | 0.9 |
 RIO | $211B | 14.9 | 10.5 | 35.2 | 56.4% | 29.2% | 20.2% | 18.6% | 0.7 |
 BHP | $214B | 23.7 | 9.3 | 23.1 | 82.2% | 38.0% | 17.8% | 24.0% | 1.0 |
 VALE | $72B | 28.4 | 5.9 | 23.5 | 34.4% | 29.0% | 7.2% | 17.7% | 1.4 |
 NEM | $128B | 18.0 | 9.2 | 17.5 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonHBM — Frequently Asked Questions
Quick answers to the most common questions about buying HBM stock.
What is Hudbay Minerals Inc.'s P/E ratio?
Hudbay Minerals Inc.'s current P/E ratio is 16.4x. The historical average is 25.6x. This places it at the 54th percentile of its historical range.
What is Hudbay Minerals Inc.'s EV/EBITDA?
Hudbay Minerals Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
What is Hudbay Minerals Inc.'s ROE?
Hudbay Minerals Inc.'s return on equity (ROE) is 19.7%. The historical average is -10.4%.
Is HBM stock overvalued?
Based on historical data, Hudbay Minerals Inc. is trading at a P/E of 16.4x. This is at the 54th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Hudbay Minerals Inc.'s dividend yield?
Hudbay Minerals Inc.'s current dividend yield is 0.06% with a payout ratio of 1.0%.
What are Hudbay Minerals Inc.'s profit margins?
Hudbay Minerals Inc. has 29.1% gross margin and 25.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Hudbay Minerals Inc. have?
Hudbay Minerals Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.