# Hudbay Minerals Inc. (HBM.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$37.94, market value C$16.9 billion.

## Valuation
- **P/E (trailing): 16.9×** (5-yr avg 34.1×, 3-yr avg 37.1×). Hudbay Minerals Inc. trades at 16.9× trailing earnings, well below its own five-year average of 34.1×: cheap by its own standards. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 14.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.02**. A PEG of 0.02 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.0×**. Each dollar of revenue is priced at 5.0×.
- **Price / book: 2.5×**. The shares trade at 2.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.0×**. Enterprise value is 8.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 2.1%** (5-yr avg 5.6%). Free cash flow equals 2.1% of the market value, below its five-year average of 5.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 5.9%**. The inverse of the P/E: 5.9% of the price is earned each year.

## Profitability
- **Gross margin: 38.5%**. Hudbay Minerals Inc. keeps 38.5% of revenue after the direct cost of what it sells.
- **Operating margin: 42.9%**. 42.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 26.3%**. 26.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.9%**. 17.9% on shareholders' equity is solid.
- **Return on invested capital: 22.4%**. Return on all capital, debt included, is 22.4%: comfortably above what that capital costs.
- **Return on assets: 10.9%**. Each dollar of assets produces 10.9% of profit.

## Growth
- **Revenue growth (1 yr): 8.9%** (3-yr 14.6%/yr, 5-yr 15.0%/yr). Revenue grew 8.9% over the last year, against 15.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 630.0%** (3-yr 75.5%/yr). Earnings per share rose 630.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 3.4%/yr**. Free cash flow has compounded at 3.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.33**. Debt is 0.33 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.3×**. It would take 0.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.95** (quick 0.78). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 4.75**. A Z-score of 4.75 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.11%** (C$0.04 per share, trailing). Hudbay Minerals Inc. yields 0.11%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 1%** (3% of free cash flow). 1% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (21 analysts). 21 analysts cover Hudbay Minerals Inc.; the consensus is strong_buy, with an average price target of C$42.34 (+12% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 121.5%** (YTD 39.3%, 3-mo 6.2%). The shares are up 121.5% over twelve months including dividends.
- **From 52-week high: -14.7%** (111.2% above the low). Trading 15% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 3.13** (volatility 61%). Beta of 3.13 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HBM.TO · Page: https://foliofundamentals.com/stocks/hbm.to

Not investment advice.