Hudbay Minerals Inc.
Hudbay Minerals Inc. is a Canadian copper-focused mining company that explores, develops, operates, and markets mineral properties across North and South America. Hudbay Minerals Inc. produces copper concentrate as its primary output, supported by gold, zinc, silver, and molybdenum by-products. Its operating portfolio includes the Constancia mine in Peru, the Snow Lake operations in Manitoba, and the Copper Mountain mine in British Columbia, which together anchor a business centered on base metals and long-life deposits. The company also works on additional copper growth projects and exploration opportunities in politically stable mining jurisdictions, serving industrial demand through the production and sale of concentrates and metal products.
$23.99
+$0.33 (+1.39%)
EOD Oct 21, 2026
25.40% operating margin is above average. ROIC at 8.55%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 9.4%, steady but not accelerating. Free cash flow declined 25% despite revenue growth, conversion is weakening.
Free cash flow declined 25% versus the prior year, cash generation momentum has weakened. Net debt of $1.06B represents 4.5x FCF, leverage limits flexibility.
14.1x earnings, 34.1x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.47B
▲ +9.4% YoY
Net Income (TTM)
$680M
▲ +732.3% YoY
Op. Margin
29.77%
▲ +4.7pp YoY
ROIC
8.55%
▲ +2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$283M
▼ -25.1% YoY
Op. Cash Flow (TTM)
$831M
▲ +2.5% YoY
Net Debt
$1.06B
Cash & Equiv.
$0.00
3Y CAGR: +14.8%
3Y CAGR: +10.0%
Continue Research
Is Hudbay Minerals (HBM) overvalued?
At a P/E of 14.1 and a price-to-free-cash-flow of 34.1, Hudbay Minerals (HBM) trades below a two-stage DCF intrinsic value of about $32.91 per share, so at $23.99 the stock looks undervalued (37.2% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Hudbay Minerals scores 64/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.1%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Hudbay Minerals's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $32.91 per share for HBM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $24.68. At today's $23.99, that puts the stock about 37.2% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Hudbay Minerals a high-quality business?+
Hudbay Minerals scores 64 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 29.8% operating margin and a 8.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Hudbay Minerals (HBM) pay a dividend, and how much?+
Yes, Hudbay Minerals pays a regular dividend of about $0.01 per share per year (typically in quarterly installments), a yield of roughly 0.1% at the current price. That is a payout ratio of about 0.8% of earnings, so the dividend is amply covered by earnings. Hudbay Minerals has grown the dividend at roughly 7.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HBM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Hudbay Minerals a good stock to buy right now?+
That depends on valuation and quality together, not either alone. HBM currently trades below its estimated intrinsic value and scores 64/100 on quality (solid). It also yields about 0.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Copper
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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