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Hudbay Minerals

TSX:HBM
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HBM
TSX
CA$2B
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Hudbay Minerals Inc., an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. The last earnings update was 17 days ago. More info.


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  • Hudbay Minerals has significant price volatility in the past 3 months.
HBM Share Price and Events
7 Day Returns
-10%
TSX:HBM
-1.7%
CA Metals and Mining
0.6%
CA Market
1 Year Returns
-29.2%
TSX:HBM
-15.2%
CA Metals and Mining
-1.2%
CA Market
HBM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hudbay Minerals (HBM) -10% -33.4% -30.7% -29.2% 22.2% -36%
CA Metals and Mining -1.7% -4.7% -8.7% -15.2% -14.9% -20.5%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • HBM underperformed the Metals and Mining industry which returned -15.2% over the past year.
  • HBM underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
HBM
Industry
5yr Volatility vs Market

Value

 Is Hudbay Minerals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hudbay Minerals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hudbay Minerals.

TSX:HBM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:HBM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.092 (1 + (1- 26.5%) (87.04%))
1.53
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.53 * 5.96%)
11.07%

Discounted Cash Flow Calculation for TSX:HBM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hudbay Minerals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:HBM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.07%)
2019 10.20 Analyst x7 9.19
2020 -120.71 Analyst x10 -97.86
2021 -162.80 Analyst x4 -118.83
2022 -186.63 Analyst x3 -122.65
2023 357.95 Analyst x2 211.80
2024 531.07 Est @ 48.36% 282.93
2025 713.97 Est @ 34.44% 342.48
2026 890.26 Est @ 24.69% 384.50
2027 1,049.33 Est @ 17.87% 408.05
2028 1,186.70 Est @ 13.09% 415.49
Present value of next 10 years cash flows $1,715.10
TSX:HBM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,186.70 × (1 + 1.95%) ÷ (11.07% – 1.95%)
$13,268.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $13,268.16 ÷ (1 + 11.07%)10
$4,645.51
TSX:HBM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,715.10 + $4,645.51
$6,360.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,360.61 / 261.27
$24.34
TSX:HBM Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:HBM)
1.342
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $24.34 x 1.342
CA$32.66
Value per share (CAD) From above. CA$32.66
Current discount Discount to share price of CA$6.27
= -1 x (CA$6.27 - CA$32.66) / CA$32.66
80.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hudbay Minerals is available for.
Intrinsic value
>50%
Share price is CA$6.27 vs Future cash flow value of CA$32.66
Current Discount Checks
For Hudbay Minerals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hudbay Minerals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hudbay Minerals's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hudbay Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hudbay Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:HBM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.12
TSX:HBM Share Price ** TSX (2019-05-22) in CAD CA$6.27
TSX:HBM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.745 $4.67
Canada Metals and Mining Industry PE Ratio Median Figure of 112 Publicly-Listed Metals and Mining Companies 12.94x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hudbay Minerals.

TSX:HBM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:HBM Share Price ÷ EPS (both in USD)

= 4.67 ÷ 0.12

39.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hudbay Minerals is overvalued based on earnings compared to the CA Metals and Mining industry average.
  • Hudbay Minerals is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Hudbay Minerals's expected growth come at a high price?
Raw Data
TSX:HBM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
47.7%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.61x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

TSX:HBM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 39.95x ÷ 47.7%

0.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hudbay Minerals is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Hudbay Minerals's assets?
Raw Data
TSX:HBM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.27
TSX:HBM Share Price * TSX (2019-05-22) in CAD CA$6.27
TSX:HBM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.745 $4.67
Canada Metals and Mining Industry PB Ratio Median Figure of 1,090 Publicly-Listed Metals and Mining Companies 1.29x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSX:HBM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:HBM Share Price ÷ Book Value per Share (both in USD)

= 4.67 ÷ 8.27

0.57x

* Primary Listing of Hudbay Minerals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hudbay Minerals is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Hudbay Minerals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Hudbay Minerals has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hudbay Minerals expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hudbay Minerals expected to grow at an attractive rate?
  • Hudbay Minerals's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Hudbay Minerals's earnings growth is expected to exceed the Canada market average.
  • Hudbay Minerals's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:HBM Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:HBM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 47.7%
TSX:HBM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 6.4%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 25.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:HBM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:HBM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,903 653 560 3
2022-12-31 1,457 462 166 4
2021-12-31 1,395 440 79 8
2020-12-31 1,349 465 73 13
2019-12-31 1,315 417 35 15
TSX:HBM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,378 410 31
2018-12-31 1,472 480 85
2018-09-30 1,505 472 207
2018-06-30 1,523 526 221
2018-03-31 1,527 561 191
2017-12-31 1,402 540 140
2017-09-30 1,295 550 -2
2017-06-30 1,226 478 -5
2017-03-31 1,137 484 -29
2016-12-31 1,129 475 -35
2016-09-30 1,149 406 -243
2016-06-30 1,107 414 -289

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hudbay Minerals's earnings are expected to grow significantly at over 20% yearly.
  • Hudbay Minerals's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:HBM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Hudbay Minerals Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:HBM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.73 1.73 1.73 1.00
2022-12-31 0.64 0.64 0.64 1.00
2021-12-31 0.32 0.57 0.07 3.00
2020-12-31 0.30 0.63 0.11 4.00
2019-12-31 0.14 0.23 0.05 6.00
TSX:HBM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.12
2018-12-31 0.33
2018-09-30 0.79
2018-06-30 0.86
2018-03-31 0.77
2017-12-31 0.57
2017-09-30 -0.01
2017-06-30 -0.02
2017-03-31 -0.12
2016-12-31 -0.15
2016-09-30 -1.03
2016-06-30 -1.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hudbay Minerals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hudbay Minerals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hudbay Minerals has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hudbay Minerals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hudbay Minerals's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hudbay Minerals has delivered over 20% year on year earnings growth in the past 5 years.
  • Hudbay Minerals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hudbay Minerals's 1-year earnings growth is negative, it can't be compared to the CA Metals and Mining industry average.
Earnings and Revenue History
Hudbay Minerals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hudbay Minerals Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:HBM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,377.97 30.56 63.39
2018-12-31 1,472.37 85.42 55.86
2018-09-30 1,505.17 207.41 61.55
2018-06-30 1,522.70 220.91 65.13
2018-03-31 1,527.23 191.17 59.59
2017-12-31 1,402.34 139.69 59.08
2017-09-30 1,294.63 -1.86 53.50
2017-06-30 1,225.88 -4.59 42.23
2017-03-31 1,136.82 -29.43 45.76
2016-12-31 1,128.68 -35.19 42.98
2016-09-30 1,148.67 -243.39 38.32
2016-06-30 1,107.05 -288.79 37.03
2016-03-31 1,010.96 -327.38 38.31
2015-12-31 886.05 -331.43 40.25
2015-09-30 662.10 -32.37 46.57
2015-06-30 562.53 25.62 53.57
2015-03-31 551.90 66.94 51.38
2014-12-31 507.52 65.35 52.42
2014-09-30 516.55 -27.89 46.09
2014-06-30 474.23 -72.00 50.25
2014-03-31 456.55 -118.28 54.50
2013-12-31 486.47 -95.41 60.04
2013-09-30 546.02 -36.47 73.12
2013-06-30 546.75 -44.72 73.00
2013-03-31 624.67 -22.91 78.93
2012-12-31 704.84 -20.87 83.75
2012-09-30 787.66 6.70 75.27
2012-06-30 827.00 -2.94 75.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hudbay Minerals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hudbay Minerals used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • Hudbay Minerals has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hudbay Minerals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hudbay Minerals has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hudbay Minerals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hudbay Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hudbay Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hudbay Minerals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hudbay Minerals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hudbay Minerals Company Filings, last reported 1 month ago.

TSX:HBM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,160.90 1,062.67 485.87
2018-12-31 2,178.86 1,055.27 515.50
2018-09-30 2,195.27 1,055.03 459.86
2018-06-30 2,168.18 1,057.04 439.58
2018-03-31 2,145.32 1,060.81 392.80
2017-12-31 2,112.35 1,064.15 356.50
2017-09-30 2,047.62 1,065.29 328.93
2017-06-30 1,794.31 1,121.68 152.67
2017-03-31 1,762.82 1,187.33 132.58
2016-12-31 1,763.21 1,245.10 146.86
2016-09-30 1,797.47 1,223.43 118.26
2016-06-30 1,771.26 1,324.72 141.90
2016-03-31 1,770.83 1,327.79 85.72
2015-12-31 1,787.29 1,274.88 53.85
2015-09-30 2,023.09 1,292.39 113.97
2015-06-30 2,058.65 1,234.50 114.83
2015-03-31 2,073.87 1,103.27 96.76
2014-12-31 2,109.06 987.07 178.67
2014-09-30 2,081.90 988.59 373.63
2014-06-30 1,681.58 812.46 513.12
2014-03-31 1,682.92 784.48 692.48
2013-12-31 1,532.16 733.58 594.36
2013-09-30 1,595.90 636.53 770.34
2013-06-30 1,587.17 634.53 1,021.89
2013-03-31 1,631.03 480.19 1,032.75
2012-12-31 1,658.85 481.10 1,341.45
2012-09-30 1,777.23 482.79 1,521.76
2012-06-30 1,737.11 0.00 696.13
  • Hudbay Minerals's level of debt (49.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46.6% vs 49.2% today).
  • Debt is well covered by operating cash flow (38.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Hudbay Minerals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hudbay Minerals has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hudbay Minerals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.32%
Current annual income from Hudbay Minerals dividends. Estimated to be 0.35% next year.
If you bought CA$2,000 of Hudbay Minerals shares you are expected to receive CA$6 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hudbay Minerals's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.03%).
  • Hudbay Minerals's dividend is below the markets top 25% of dividend payers in Canada (5.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:HBM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:HBM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.01 1.00
2022-12-31 0.02 2.00
2021-12-31 0.02 4.00
2020-12-31 0.02 5.00
2019-12-31 0.02 5.00
TSX:HBM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.015 0.228
2018-10-31 0.015 0.292
2018-07-31 0.015 0.331
2018-02-22 0.015 0.234
2017-11-01 0.016 0.192
2017-08-03 0.016 0.204
2017-02-22 0.015 0.245
2016-11-02 0.015 0.227
2016-07-27 0.015 0.367
2016-02-24 0.014 0.376
2015-11-05 0.014 0.505
2015-07-29 0.015 0.306
2015-02-20 0.015 0.190
2014-10-29 0.016 0.217
2014-07-30 0.018 0.200
2014-02-19 0.018 0.210
2013-11-08 0.018 0.238
2013-07-31 0.019 0.258
2013-02-21 0.189 2.442
2012-11-01 0.196 1.942
2012-08-28 0.200 2.144
2012-03-07 0.192 2.233
2011-11-03 0.191 1.854
2011-11-02 0.198 1.820
2011-08-09 0.188 1.758
2011-03-01 0.202 1.365
2010-11-04 0.195 1.158
2010-11-03 0.198 1.174
2010-08-04 0.188 1.339

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hudbay Minerals is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Hudbay Minerals is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Hudbay Minerals's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Hudbay Minerals's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • No need to calculate the sustainability of Hudbay Minerals's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Hudbay Minerals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hudbay Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hudbay Minerals has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hudbay Minerals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan T. Hair
COMPENSATION $4,018,078
AGE 56
TENURE AS CEO 3.3 years
CEO Bio

Mr. Alan T. C. Hair, BSc (Hons) has been Chief Executive Officer and President of HudBay Minerals, Inc. since January 1, 2016. Mr. Hair served as the Chief Operating Officer and Senior Vice President of HudBay Minerals, Inc. since June 2012 until December 31, 2015. He served as Senior Vice President of Business Development & Technical Services of HudBay Minerals until June 2012. He served as Senior Vice President of Development at HudBay Minerals Inc. since October 2008. He served as Vice President of Metallurgy, Safety, Health & Environment at HudBay Minerals Inc. (Formerly, OntzInc. Corp) from December 2004 to October 2008. He worked in both the European and African mining and metals industry. Since joining HBMS in 1996, he held various operational management roles in the surface plants. He served as Smelting Manager at MIM’s zInc. Smelter in Avonmouth, England. He has been a Director of Norsemont Mining, Inc. since March 4, 2011. He has been Director of HudBay Minerals, Inc. Since January 01, 2016. He has been Director at Augusta Resource Corporation since 2014. He served as a Director of Aquila Resources Inc. since November 23, 2009. He holds a Bachelor of Science Honors degree in Mineral Engineering from the University of Leeds, England in 1983. Mr. Hair also holds the ICD.D designation from the Institute of Corporate Directors.

CEO Compensation
  • Alan T.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alan T.'s remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Hudbay Minerals management team in years:

3.3
Average Tenure
  • The tenure for the Hudbay Minerals management team is about average.
Management Team

Alan T. Hair

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
3.3 yrs

David Bryson

TITLE
Senior VP & CFO
COMPENSATION
$2M
TENURE
10.8 yrs

Cashel Meagher

TITLE
Senior VP & COO
COMPENSATION
$2M
TENURE
3.3 yrs

Patrick Donnelly

TITLE
VP & General Counsel
COMPENSATION
$1M
TENURE
4.8 yrs

Eugene Lei

TITLE
Senior Vice President of Corporate Development & Strategy
COMPENSATION
$2M
TENURE
2.3 yrs

Scott Brubacher

TITLE
Director of Corporate Communications

Olivier Tavchandjian

TITLE
Vice President of Exploration & Geology

Carla Nawrocki

TITLE
Director of Investor Relations

Jon Douglas

TITLE
VP & Treasurer
AGE
56
TENURE
4.3 yrs

Andre Lauzon

TITLE
Vice President of Arizona Business Unit
COMPENSATION
$959K
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Hudbay Minerals board of directors in years:

3.3
Average Tenure
60.5
Average Age
  • The tenure for the Hudbay Minerals board of directors is about average.
Board of Directors

Alan Hibben

TITLE
Chairman of the Board
COMPENSATION
$349K
AGE
65
TENURE
2 yrs

Alan T. Hair

TITLE
President
COMPENSATION
$4M
AGE
56
TENURE
3.3 yrs

Sarah Kavanagh

TITLE
Director
COMPENSATION
$223K
AGE
61
TENURE
5.8 yrs

Carin Knickel

TITLE
Director
COMPENSATION
$203K
AGE
62
TENURE
4 yrs

Igor Gonzáles Galindo

TITLE
Director
COMPENSATION
$198K
AGE
63
TENURE
5.8 yrs

Carol Banducci

TITLE
Director
COMPENSATION
$179K
AGE
59
TENURE
2 yrs

Colin Osborne

TITLE
Director
COMPENSATION
$122K
AGE
53
TENURE
1 yrs

Rick Howes

TITLE
Director
AGE
60

Peter Gerald Kukielski

TITLE
Director
AGE
61

Daniel Quintanilla

TITLE
Director
AGE
44
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hudbay Minerals insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. May 19 Buy Waterton Global Resource Management Company 13. May 19 17. May 19 1,663,781 CA$6.85 CA$11,353,756
14. May 19 Buy Chi-Yen Lei Individual 14. May 19 14. May 19 11,000 CA$6.77 CA$74,470
13. May 19 Buy David Smith Individual 09. May 19 09. May 19 14,000 CA$7.46 CA$104,172
06. May 19 Sell Thomas Claugus Individual 06. May 19 06. May 19 -11,600 CA$8.66 CA$-100,472
06. May 19 Sell GMT Capital Corp. Company 06. May 19 06. May 19 -300,000 CA$8.66 CA$-2,598,405
22. Apr 19 Sell Thomas Claugus Individual 22. Apr 19 22. Apr 19 -17,400 CA$9.32 CA$-162,180
22. Apr 19 Sell GMT Capital Corp. Company 22. Apr 19 22. Apr 19 -450,000 CA$9.32 CA$-4,194,303
27. Mar 19 Sell GMT Capital Corp. Company 04. Mar 19 04. Mar 19 -166,200 CA$9.12 CA$-1,515,160
26. Mar 19 Buy Waterton Global Resource Management Company 22. Mar 19 24. Mar 19 243,259 CA$9.02 CA$2,193,977
21. Mar 19 Buy Chi-Yen Lei Individual 21. Mar 19 21. Mar 19 11,000 CA$9.23 CA$101,530
05. Mar 19 Sell Thomas Claugus Individual 04. Mar 19 04. Mar 19 -6,200 CA$9.12 CA$-56,522
05. Mar 19 Sell GMT Capital Corp. Company 04. Mar 19 04. Mar 19 -160,000 CA$9.12 CA$-1,458,638
01. Feb 19 Buy Waterton Global Resource Management Company 24. Jan 19 24. Jan 19 12,200 CA$7.25 CA$88,450
22. Jan 19 Buy Waterton Global Resource Management Company 22. Jan 19 22. Jan 19 289,506 CA$7.33 CA$2,121,847
18. Jan 19 Buy Peter Gerald Kukielski Individual 06. Dec 18 06. Dec 18 25,000 CA$8.90 CA$222,515
18. Jan 19 Buy Waterton Global Resource Management Company 17. Jan 19 17. Jan 19 39,300 CA$9.63 CA$378,629
07. Jan 19 Buy Waterton Global Resource Management Company 03. Jan 19 03. Jan 19 525,000 CA$6.20 CA$3,254,790
02. Jan 19 Buy Thomas Claugus Individual 28. Dec 18 28. Dec 18 4,500 CA$6.38 CA$28,702
02. Jan 19 Buy GMT Capital Corp. Company 28. Dec 18 28. Dec 18 92,514 CA$6.38 CA$590,071
26. Dec 18 Buy Waterton Global Resource Management Company 20. Dec 18 26. Dec 18 1,511,177 CA$6.42 CA$9,207,124
26. Dec 18 Buy Thomas Claugus Individual 24. Dec 18 24. Dec 18 5,200 CA$6.17 CA$32,079
26. Dec 18 Buy GMT Capital Corp. Company 24. Dec 18 24. Dec 18 107,486 CA$6.17 CA$663,081
19. Dec 18 Buy Waterton Global Resource Management Company 13. Dec 18 19. Dec 18 2,835,459 CA$6.33 CA$17,651,409
17. Dec 18 Buy Waterton Global Resource Management Company 13. Dec 18 14. Dec 18 994,040 CA$8.44 CA$8,364,855
11. Dec 18 Buy Thomas Claugus Individual 10. Dec 18 10. Dec 18 24,400 CA$6.51 CA$158,814
11. Dec 18 Buy GMT Capital Corp. Company 10. Dec 18 10. Dec 18 500,000 CA$6.51 CA$3,254,378
11. Dec 18 Buy Waterton Global Resource Management Company 14. Nov 18 10. Dec 18 3,621,045 CA$6.55 CA$23,320,203
04. Dec 18 Buy Thomas Claugus Individual 03. Dec 18 03. Dec 18 17,000 CA$7.15 CA$121,484
04. Dec 18 Buy GMT Capital Corp. Company 03. Dec 18 03. Dec 18 350,000 CA$7.15 CA$2,501,138
13. Nov 18 Buy Waterton Global Resource Management Company 24. Oct 18 13. Nov 18 3,271,701 CA$6.66 CA$18,660,762
05. Nov 18 Buy Thomas Claugus Individual 01. Nov 18 01. Nov 18 24,400 CA$6.07 CA$148,028
05. Nov 18 Buy GMT Capital Corp. Company 01. Nov 18 01. Nov 18 500,000 CA$6.07 CA$3,033,368
24. Oct 18 Buy Waterton Global Resource Management Company 18. Oct 18 23. Oct 18 859,300 CA$5.85 CA$4,879,051
17. Oct 18 Buy Waterton Global Resource Management Company 16. Aug 18 16. Oct 18 8,850,374 CA$8.65 CA$76,552,897
15. Oct 18 Buy Thomas Claugus Individual 12. Oct 18 12. Oct 18 2,400 CA$6.11 CA$14,668
15. Oct 18 Buy GMT Capital Corp. Company 12. Oct 18 12. Oct 18 54,800 CA$6.11 CA$334,923
10. Oct 18 Buy Thomas Claugus Individual 09. Oct 18 09. Oct 18 14,800 CA$6.12 CA$90,533
10. Oct 18 Buy GMT Capital Corp. Company 09. Oct 18 09. Oct 18 345,200 CA$6.12 CA$2,111,614
03. Oct 18 Sell GMT Capital Corp. Company 02. Oct 18 02. Oct 18 -96,980 CA$6.55 CA$-634,912
01. Oct 18 Sell Thomas Claugus Individual 01. Oct 18 01. Oct 18 -7,600 CA$6.57 CA$-49,941
01. Oct 18 Sell GMT Capital Corp. Company 01. Oct 18 01. Oct 18 -200,000 CA$6.57 CA$-1,314,224
25. Sep 18 Buy Carin Knickel Individual 24. Sep 18 24. Sep 18 20,000 CA$6.53 CA$130,315
23. Aug 18 Buy Colin Osborne Individual 20. Aug 18 20. Aug 18 15,000 CA$6.21 CA$93,146
23. Aug 18 Buy W. Holmes Individual 22. Aug 18 22. Aug 18 10,000 CA$6.24 CA$62,400
10. Aug 18 Buy Adrienne Blazo Individual 10. Aug 18 10. Aug 18 20,000 CA$6.57 CA$131,400
10. Aug 18 Buy Chi-Yen Lei Individual 10. Aug 18 10. Aug 18 7,500 CA$6.68 CA$50,100
10. Aug 18 Buy W. Holmes Individual 09. Aug 18 09. Aug 18 10,000 CA$6.70 CA$67,000
08. Aug 18 Buy Thomas Claugus Individual 07. Aug 18 07. Aug 18 25,800 CA$6.67 CA$171,985
08. Aug 18 Buy GMT Capital Corp. Company 07. Aug 18 07. Aug 18 600,000 CA$6.67 CA$3,999,652
23. Jul 18 Buy Thomas Claugus Individual 23. Jul 18 23. Jul 18 8,600 CA$6.82 CA$58,613
23. Jul 18 Buy GMT Capital Corp. Company 23. Jul 18 23. Jul 18 200,000 CA$6.82 CA$1,363,086
10. Jul 18 Buy Thomas Claugus Individual 09. Jul 18 09. Jul 18 8,600 CA$7.29 CA$62,660
10. Jul 18 Buy GMT Capital Corp. Company 09. Jul 18 09. Jul 18 200,000 CA$7.29 CA$1,457,220
06. Jul 18 Buy Thomas Claugus Individual 05. Jul 18 05. Jul 18 21,500 CA$7.13 CA$153,299
06. Jul 18 Buy GMT Capital Corp. Company 05. Jul 18 05. Jul 18 500,000 CA$7.13 CA$3,565,094
27. Jun 18 Buy Alan T. Hair Individual 27. Jun 18 27. Jun 18 10,000 CA$7.32 CA$73,200
29. Jun 18 Buy Chi-Yen Lei Individual 25. Jun 18 25. Jun 18 5,000 CA$7.64 CA$38,187
29. Jun 18 Buy Alan Hibben Individual 29. Jun 18 29. Jun 18 2,000 CA$7.25 CA$14,500
25. Jun 18 Buy Chi-Yen Lei Individual 19. Jun 18 19. Jun 18 5,000 CA$8.25 CA$41,250
22. Jun 18 Buy Alan T. Hair Individual 21. Jun 18 21. Jun 18 20,000 CA$8.04 CA$160,471
X
Management checks
We assess Hudbay Minerals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hudbay Minerals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Hudbay Minerals Inc.'s (TSE:HBM) CEO Paid Enough Relative To Peers?

See our latest analysis for Hudbay Minerals How Does Alan T. … Hair's Compensation Compare With Similar Sized Companies? … has a market capitalization of CA$1.8b, and pays its CEO total annual compensation worth US$4.0m.

Simply Wall St -

Is Hudbay Minerals Inc.'s (TSE:HBM) Growth Strong Enough To Justify Its May Share Price?

However its last closing price of CA$8.9 left investors wondering whether this growth has already been factored into the share price. … Let’s look into this by assessing HBM's expected growth over the next few years. … Hudbay Minerals is poised for significantly high earnings growth in the near future

Simply Wall St -

Should You Be Tempted To Sell Hudbay Minerals Inc. (TSE:HBM) Because Of Its P/E Ratio?

We'll look at Hudbay Minerals Inc.'s (TSE:HBM) P/E ratio and reflect on what it tells us about the company's share price. … Hudbay Minerals has a price to earnings ratio of 22.21, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

What Investors Should Know About Hudbay Minerals Inc.'s (TSE:HBM) Financial Strength

(TSE:HBM) with its market cap of CA$2.6b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Have Insiders Been Buying Hudbay Minerals Inc. (TSE:HBM) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Hudbay Minerals Inc. … The Last 12 Months Of Insider Transactions At Hudbay Minerals. … Overall, Hudbay Minerals insiders were net buyers last year.

Simply Wall St -

Hudbay Minerals Inc. (TSE:HBM) Is Employing Capital Very Effectively

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Did Business Growth Power Hudbay Minerals's Share Price Gain of 127%?

(TSE:HBM) share price is 127% higher than it was three years ago. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, Hudbay Minerals moved from a loss to profitability.

Simply Wall St -

How Much is Hudbay Minerals Inc.'s (TSE:HBM) CEO Getting Paid?

Hair was appointed CEO of Hudbay Minerals Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Hair's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Shareholders Own Hudbay Minerals Inc. (TSE:HBM)?

A look at the shareholders of Hudbay Minerals Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Hudbay Minerals isn't enormous, but it's not particularly small either.

Simply Wall St -

How Financially Strong Is Hudbay Minerals Inc (TSE:HBM)?

While small-cap stocks, such as Hudbay Minerals Inc (TSE:HBM) with its market cap of CA$1.7b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Company Info

Description

Hudbay Minerals Inc., an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States. HudBay Minerals Inc. was founded in 1927 and is based in Toronto, Canada.

Details
Name: Hudbay Minerals Inc.
HBM
Exchange: TSX
Founded: 1927
CA$1,638,176,386
261,272,151
Website: http://www.hudbayminerals.com
Address: Hudbay Minerals Inc.
25 York Street,
Suite 800,
Toronto,
Ontario, M5J 2V5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX HBM Common Shares The Toronto Stock Exchange CA CAD 12. Mar 2002
NYSE HBM Common Shares New York Stock Exchange US USD 12. Mar 2002
DB OCKA Common Shares Deutsche Boerse AG DE EUR 12. Mar 2002
LSE 0AHJ Common Shares London Stock Exchange GB CAD 12. Mar 2002
BVL HBM Common Shares Bolsa de Valores de Lima PE USD 12. Mar 2002
Number of employees
Current staff
Staff numbers
2,180
Hudbay Minerals employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 04:45
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/06
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.