Hudbay Minerals Inc.

LSE:0AHJ Stock Report

Market Cap: CA$4.8b

Hudbay Minerals Valuation

Is 0AHJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0AHJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0AHJ (CA$12.71) is trading above our estimate of fair value (CA$10.26)

Significantly Below Fair Value: 0AHJ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0AHJ?

Key metric: As 0AHJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0AHJ. This is calculated by dividing 0AHJ's market cap by their current earnings.
What is 0AHJ's PE Ratio?
PE Ratio40x
EarningsUS$86.25m
Market CapUS$3.45b

Price to Earnings Ratio vs Peers

How does 0AHJ's PE Ratio compare to its peers?

The above table shows the PE ratio for 0AHJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7x
KMR Kenmare Resources
4.6x4.3%UK£306.1m
GFM Griffin Mining
15.5x-3.8%UK£260.3m
CAPD Capital
7.1x11.0%UK£162.1m
MTL Metals Exploration
0.9x-60.3%UK£99.4m
0AHJ Hudbay Minerals
40x28.6%CA$4.8b

Price-To-Earnings vs Peers: 0AHJ is expensive based on its Price-To-Earnings Ratio (40x) compared to the peer average (7x).

Price to Earnings Ratio vs Industry

How does 0AHJ's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9x-60.3%US$126.08m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
0AHJ 40.0xIndustry Avg. 9.4xNo. of Companies6PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0AHJ is expensive based on its Price-To-Earnings Ratio (40x) compared to the UK Metals and Mining industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0AHJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0AHJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0AHJ's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0AHJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CA$16.02
0%
5.7%CA$18.01CA$14.97n/a15
Nov ’25CA$12.50
CA$16.07
+28.6%
5.1%CA$18.07CA$15.04n/a15
Oct ’25CA$12.45
CA$15.55
+24.9%
6.0%CA$17.93CA$13.76n/a15
Sep ’25CA$10.82
CA$15.48
+43.0%
7.9%CA$17.98CA$13.74n/a15
Aug ’25CA$10.91
CA$16.30
+49.5%
8.3%CA$19.13CA$14.16n/a16
Jul ’25n/a
CA$15.83
0%
8.9%CA$18.98CA$13.00n/a16
Jun ’25CA$13.10
CA$15.22
+16.2%
11.8%CA$17.97CA$10.06n/a16
May ’25CA$11.33
CA$12.49
+10.3%
9.4%CA$13.99CA$10.06n/a15
Apr ’25CA$9.37
CA$10.71
+14.3%
9.3%CA$12.53CA$8.51n/a15
Mar ’25CA$8.06
CA$10.21
+26.7%
10.9%CA$12.04CA$8.53n/a14
Feb ’25CA$7.47
CA$9.87
+32.1%
10.3%CA$11.95CA$8.49n/a14
Jan ’25CA$7.28
CA$9.30
+27.8%
11.9%CA$11.18CA$6.59n/a14
Dec ’24CA$6.55
CA$9.41
+43.8%
11.8%CA$11.45CA$6.42n/a15
Nov ’24CA$5.90
CA$9.88
+67.5%
9.9%CA$11.66CA$7.58CA$12.5015
Oct ’24CA$6.30
CA$10.05
+59.6%
7.5%CA$11.49CA$8.07CA$12.4515
Sep ’24CA$6.75
CA$9.94
+47.3%
9.3%CA$11.63CA$8.03CA$10.8217
Aug ’24CA$7.72
CA$9.98
+29.2%
10.1%CA$11.51CA$7.26CA$10.9117
Jul ’24CA$6.24
CA$9.97
+59.8%
9.5%CA$11.37CA$7.80n/a17
Jun ’24CA$5.82
CA$10.34
+77.6%
10.1%CA$11.66CA$8.00CA$13.1016
May ’24n/a
CA$10.25
0%
12.3%CA$12.99CA$8.01CA$11.3315
Apr ’24n/a
CA$9.67
0%
18.6%CA$14.98CA$6.97CA$9.3716
Mar ’24CA$7.12
CA$9.48
+33.1%
12.5%CA$11.05CA$7.01CA$8.0616
Feb ’24n/a
CA$9.42
0%
13.2%CA$10.94CA$6.83CA$7.4716
Jan ’24n/a
CA$9.24
0%
16.2%CA$11.93CA$5.96CA$7.2817
Dec ’23n/a
CA$8.90
0%
15.7%CA$11.80CA$5.90CA$6.5517
Nov ’23n/a
CA$8.73
0%
18.1%CA$11.78CA$5.95CA$5.9017

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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