DB:OCKA

Stock Analysis Report

Executive Summary

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.


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Hudbay Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OCKA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.7%

OCKA

-6.0%

DE Metals and Mining

-2.4%

DE Market


1 Year Return

-40.2%

OCKA

-22.9%

DE Metals and Mining

11.8%

DE Market

Return vs Industry: OCKA underperformed the German Metals and Mining industry which returned -20% over the past year.

Return vs Market: OCKA underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

OCKAIndustryMarket
7 Day-10.7%-6.0%-2.4%
30 Day-19.2%-8.5%-1.1%
90 Day-12.0%-10.3%3.0%
1 Year-39.9%-40.2%-21.6%-22.9%15.3%11.8%
3 Year-60.1%-60.4%-43.5%-45.1%14.4%4.4%
5 Year-53.1%-53.8%-38.0%-41.2%23.8%7.0%

Price Volatility Vs. Market

How volatile is Hudbay Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hudbay Minerals undervalued compared to its fair value and its price relative to the market?

0.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: OCKA (€3.36) is trading above our estimate of fair value (€0.18)

Significantly Below Fair Value: OCKA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OCKA is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: OCKA is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OCKA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OCKA is good value based on its PB Ratio (0.5x) compared to the DE Metals and Mining industry average (4.1x).


Next Steps

Future Growth

How is Hudbay Minerals forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

70.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OCKA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: OCKA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OCKA's is expected to become profitable in the next 3 years.

Revenue vs Market: OCKA's revenue (1.3% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: OCKA's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OCKA's Return on Equity is forecast to be low in 3 years time (8.2%).


Next Steps

Past Performance

How has Hudbay Minerals performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OCKA is currently unprofitable.

Growing Profit Margin: OCKA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OCKA is unprofitable, but has reduced losses over the past 5 years at a rate of 15.1% per year.

Accelerating Growth: Unable to compare OCKA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OCKA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-9.2%).


Return on Equity

High ROE: OCKA has a negative Return on Equity (-18.62%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hudbay Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: OCKA's short term assets ($703.9M) exceed its short term liabilities ($336.0M).

Long Term Liabilities: OCKA's short term assets ($703.9M) do not cover its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: OCKA's debt to equity ratio (52.6%) is considered high.

Reducing Debt: OCKA's debt to equity ratio has increased from 47.5% to 52.6% over the past 5 years.


Balance Sheet

Inventory Level: OCKA has a high level of physical assets or inventory.

Debt Coverage by Assets: OCKA's debt is not covered by short term assets (assets are 0.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable OCKA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OCKA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -8.6% per year.


Next Steps

Dividend

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

0.45%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%1.4%markettop25%3.6%industryaverage6.7%forecastin3Years0.6%

Current dividend yield vs market & industry

Notable Dividend: OCKA's dividend (0.4%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: OCKA's dividend (0.4%) is low compared to the top 25% of dividend payers in the German market (3.53%).


Stability and Growth of Payments

Stable Dividend: OCKA is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: OCKA is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: OCKA is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OCKA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Peter Gerald Kukielski (62yo)

0.5yrs

Tenure

0

Mr. Peter Gerald Jan Kukielski, MSc, BSc serves as President and Chief Executive Officer of Hudbay Minerals Inc. since January, 2020. He had been Interim President of Hudbay Minerals Inc. since July 2019 a ...


Management Age and Tenure

4.5yrs

Average Tenure

Experienced Management: OCKA's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

2.2yrs

Average Tenure

62yo

Average Age

Experienced Board: OCKA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: OCKA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy€35,09208 Jan 20
Thomas Claugus
EntityIndividual
Shares10,100
Max Price€3.47
Buy€903,36608 Jan 20
GMT Capital Corp.
EntityCompany
Shares260,000
Max Price€3.47
Sell€449,29012 Dec 19
GMT Capital Corp.
EntityCompany
Shares140,420
Max Price€3.20
Buy€14,25127 Nov 19
Thomas Claugus
EntityIndividual
Shares4,700
Max Price€3.03
Buy€368,15227 Nov 19
GMT Capital Corp.
EntityCompany
Shares121,420
Max Price€3.03
Buy€54,82426 Nov 19
Thomas Claugus
EntityIndividual
Shares18,400
Max Price€2.98
Buy€1,425,95426 Nov 19
GMT Capital Corp.
EntityCompany
Shares478,580
Max Price€2.98
Sell€38,05512 Nov 19
Thomas Claugus
EntityIndividual
Shares11,700
Max Price€3.25
Sell€975,76212 Nov 19
GMT Capital Corp.
EntityCompany
Shares300,000
Max Price€3.25
Sell€36,57516 Oct 19
Thomas Claugus
EntityIndividual
Shares11,700
Max Price€3.13
Sell€937,81416 Oct 19
GMT Capital Corp.
EntityCompany
Shares300,000
Max Price€3.13
Sell€33,78110 Oct 19
Thomas Claugus
EntityIndividual
Shares11,700
Max Price€2.89
Sell€866,17110 Oct 19
GMT Capital Corp.
EntityCompany
Shares300,000
Max Price€2.89
Buy€301,27407 Oct 19
Daniel Quintanilla
EntityIndividual
Shares100,000
Max Price€3.01
Sell€152,13307 Oct 19
GMT Capital Corp.
EntityCompany
Shares50,300
Max Price€3.02
Sell€147,85904 Oct 19
GMT Capital Corp.
EntityCompany
Shares50,000
Max Price€2.96
Sell€854,83624 Sep 19
GMT Capital Corp.
EntityCompany
Shares250,000
Max Price€3.42
Sell€33,51024 Sep 19
Thomas Claugus
EntityIndividual
Shares9,800
Max Price€3.42
Buy€17,90616 Sep 19
Chi-Yen Lei
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Corporate Development & Strategy
Shares5,000
Max Price€3.58
Buy€78,38412 Sep 19
Peter Gerald Kukielski
EntityIndividual
Role
Chief Executive Officer
President
Shares25,000
Max Price€3.14
Sell€36,50210 Sep 19
Thomas Claugus
EntityIndividual
Shares11,700
Max Price€3.12
Sell€935,95110 Sep 19
GMT Capital Corp.
EntityCompany
Shares300,000
Max Price€3.12
Sell€35,23206 Sep 19
Thomas Claugus
EntityIndividual
Shares11,700
Max Price€3.01
Sell€903,37206 Sep 19
GMT Capital Corp.
EntityCompany
Shares300,000
Max Price€3.01
Buy€2,70528 Aug 19
Waterton Global Resource Management
EntityCompany
Shares1,000
Max Price€2.70
Buy€410,49626 Aug 19
Waterton Global Resource Management
EntityCompany
Shares150,000
Max Price€2.74
Buy€390,83420 Aug 19
Waterton Global Resource Management
EntityCompany
Shares135,654
Max Price€2.88
Buy€1,730,95815 Aug 19
Waterton Global Resource Management
EntityCompany
Shares575,779
Max Price€3.02
Sell€31,15508 Aug 19
Thomas Claugus
EntityIndividual
Shares9,800
Max Price€3.18
Sell€794,77108 Aug 19
GMT Capital Corp.
EntityCompany
Shares250,000
Max Price€3.18
Buy€6,255,76006 Aug 19
Waterton Global Resource Management
EntityCompany
Shares1,777,613
Max Price€3.56
Sell€34,36130 Jul 19
Thomas Claugus
EntityIndividual
Shares7,800
Max Price€4.41
Sell€881,05030 Jul 19
GMT Capital Corp.
EntityCompany
Shares200,000
Max Price€4.41
Sell€447,62825 Jul 19
GMT Capital Corp.
EntityCompany
Shares95,000
Max Price€4.71
Sell€862,56623 Jul 19
GMT Capital Corp.
EntityCompany
Shares181,910
Max Price€4.74
Sell€33,66623 Jul 19
Thomas Claugus
EntityIndividual
Shares7,100
Max Price€4.74
Sell€8,95216 Jul 19
Thomas Claugus
EntityIndividual
Shares2,000
Max Price€4.48
Sell€227,77516 Jul 19
GMT Capital Corp.
EntityCompany
Shares50,890
Max Price€4.48
Buy€4,422,93515 Jul 19
Waterton Global Resource Management
EntityCompany
Shares1,000,000
Max Price€4.42
Sell€642,86415 Jul 19
GMT Capital Corp.
EntityCompany
Shares149,200
Max Price€4.31
Sell€24,99115 Jul 19
Thomas Claugus
EntityIndividual
Shares5,800
Max Price€4.31
Sell€496,89410 Jul 19
GMT Capital Corp.
EntityCompany
Shares113,400
Max Price€4.38
Sell€19,28010 Jul 19
Thomas Claugus
EntityIndividual
Shares4,400
Max Price€4.38
Sell€14,62309 Jul 19
Thomas Claugus
EntityIndividual
Shares3,400
Max Price€4.30
Sell€372,45709 Jul 19
GMT Capital Corp.
EntityCompany
Shares86,600
Max Price€4.30
Sell€37,41803 Jul 19
Thomas Claugus
EntityIndividual
Shares7,800
Max Price€4.80
Sell€959,44803 Jul 19
GMT Capital Corp.
EntityCompany
Shares200,000
Max Price€4.80
Buy€1,682,66427 May 19
Waterton Global Resource Management
EntityCompany
Shares402,800
Max Price€4.27
Buy€7,558,26121 May 19
Waterton Global Resource Management
EntityCompany
Shares1,663,781
Max Price€4.56
Buy€49,32814 May 19
Chi-Yen Lei
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Corporate Development & Strategy
Shares11,000
Max Price€4.48
Buy€68,72113 May 19
David Smith
EntityIndividual
Role
Member of the Board of Directors
Director
Shares14,000
Max Price€4.92
Sell€66,71106 May 19
Thomas Claugus
EntityIndividual
Shares11,600
Max Price€5.75
Sell€1,725,27606 May 19
GMT Capital Corp.
EntityCompany
Shares300,000
Max Price€5.75
Sell€107,87422 Apr 19
Thomas Claugus
EntityIndividual
Shares17,400
Max Price€6.20
Sell€2,789,83622 Apr 19
GMT Capital Corp.
EntityCompany
Shares450,000
Max Price€6.20
Sell€1,004,14327 Mar 19
GMT Capital Corp.
EntityCompany
Shares166,200
Max Price€6.04
Buy€1,448,97026 Mar 19
Waterton Global Resource Management
EntityCompany
Shares243,259
Max Price€5.96
Buy€66,81321 Mar 19
Chi-Yen Lei
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Corporate Development & Strategy
Shares11,000
Max Price€6.07
Sell€37,45905 Mar 19
Thomas Claugus
EntityIndividual
Shares6,200
Max Price€6.04
Sell€966,68405 Mar 19
GMT Capital Corp.
EntityCompany
Shares160,000
Max Price€6.04

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Peter Gerald Kukielski (62yo)

    President

    • Tenure: 0.5yrs
  • Jon Douglas (57yo)

    VP & Treasurer

    • Tenure: 5yrs
  • David Bryson

    Senior VP & CFO

    • Tenure: 11.4yrs
    • Compensation: US$1.83m
  • Cashel Meagher

    Senior VP & COO

    • Tenure: 4yrs
    • Compensation: US$2.35m
  • Patrick Donnelly

    VP & General Counsel

    • Tenure: 5.5yrs
    • Compensation: US$1.45m
  • Candace Brûlé

    Director of Investor Relations

    • Eugene Lei

      Senior Vice President of Corporate Development & Strategy

      • Tenure: 3yrs
      • Compensation: US$1.54m
    • Scott Brubacher

      Director of Corporate Communications


      Board Members

      • Steve Lang (63yo)

        Chairman of the Board

        • Tenure: 0.3yrs
      • Dave Smith (60yo)

        Director

        • Tenure: 0.7yrs
      • Alan Hibben (66yo)

        Independent Director

        • Tenure: 10.8yrs
        • Compensation: US$348.95k
      • Peter Gerald Kukielski (62yo)

        President

        • Tenure: 0.5yrs
      • Carin Knickel (63yo)

        Independent Director

        • Tenure: 4.7yrs
        • Compensation: US$202.51k
      • Colin Osborne (54yo)

        Independent Director

        • Tenure: 1.7yrs
        • Compensation: US$121.57k
      • Igor Alcides Gonzáles Galindo (65yo)

        Independent Director

        • Tenure: 6.5yrs
        • Compensation: US$197.93k
      • Sarah Kavanagh (62yo)

        Independent Director

        • Tenure: 6.5yrs
        • Compensation: US$222.93k
      • Carol Banducci (60yo)

        Independent Director

        • Tenure: 2.7yrs
        • Compensation: US$179.33k
      • Rick Howes (61yo)

        Director

        • Tenure: 0.7yrs

      Company Information

      Hudbay Minerals Inc.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Hudbay Minerals Inc.
      • Ticker: OCKA
      • Exchange: DB
      • Founded: 1927
      • Industry: Diversified Metals and Mining
      • Sector: Materials
      • Market Cap: CA$1.155b
      • Listing Market Cap: CA$794.986m
      • Shares outstanding: 261.27m
      • Website: https://www.hudbayminerals.com

      Number of Employees


      Location

      • Hudbay Minerals Inc.
      • 25 York Street
      • Suite 800
      • Toronto
      • Ontario
      • M5J 2V5
      • Canada

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      HBMTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 2002
      HBMNYSE (New York Stock Exchange)YesCommon SharesUSUSDMar 2002
      OCKADB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2002
      HBMBVL (Bolsa de Valores de Lima)YesCommon SharesPEUSDMar 2002
      0AHJLSE (London Stock Exchange)YesCommon SharesGBCADMar 2002

      Biography

      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. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/27 21:03
      End of Day Share Price2020/01/27 00:00
      Earnings2019/09/30
      Annual Earnings2018/12/31


      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.