Hudbay Minerals Inc. (HBM) is a publicly traded company in the Basic Materials — Copper industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Hudbay Minerals Inc. operates as a diversified mining firm, encompassing its subsidiaries, focusing on the exploration, extraction, and commercialization of both industrial and precious metals across the North and South American continents. The company's primary products consist of copper concentrates (from which copper, gold, and silver are derived), silver-gold doré, molybdenum concentrates, and metallic zinc.
Is Hudbay Minerals Inc. stock overvalued or undervalued in 2026?
Hudbay Minerals Inc. (HBM) trades at 12.8× earnings (P/E), against a median of 18.8× across the 156 materials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (12.8) does not tell whether it is cheap.
Kaplio overview: Hudbay Minerals Inc.
Market cap $10B · 52 weeks $15 – $32 (27 % below the high) · P/E 12.8× · 2027 expected P/E 11.0× · Dividend 0.13 % · Next earnings November 12, 2026 · expected EPS $0.35 · Closing price, Oct 30 · accounts published Jul 29.
- Valuation: P/E 12.8× (no verdict).
- Business: ROIC 6 % (weak).
- Balance sheet: Net debt/EBITDA 0.4× (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (12.8) does not tell whether it is cheap.
Why is Hudbay Minerals Inc.'s P/E so low?
Hudbay Minerals Inc. trades at a P/E of 12.8× on reported earnings, but over the last 12 months 34 % of its pre-tax income ($394M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 20.7×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $10.4M | $320M | $222M |
| December 31, 2025 | $217M | $39.9M | $128M |
| March 31, 2026 | $303M | $36.4M | $190M |
| June 30, 2026 | $236M | −$1.9M | $134M |
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 3,056.3 times.
What matters in materials: 7 of 8 pass
- FCF yield 4.8 %, fails.
- Gross margin 33.6 %, passes.
- Net debt / EBITDA (trough) 0.4×, passes.
- Dividend coverage 34.7×, passes.
- Capex / D&A 1.1×, passes.
- Altman Z-Score 2.3, passes.
- P/B across cycles 1.8×, passes, near the threshold.
- Cycle-adjusted EV/EBITDA 6.3×, passes.
Against its peers (reference peers) — Hudbay Minerals Inc.: P/E 12.8×; EV/EBITDA 6.2×; ROIC 6.0 %; $9.6B. Teck Resources Limited (P/E 11.8×; EV/EBITDA 5.5×; ROIC 7.3 %; $29.3B), Freeport-McMoRan Inc. (P/E 26.2×; EV/EBITDA 11.0×; ROIC 9.4 %; $89.8B), Southern Copper Corporation (P/E 23.2×; EV/EBITDA 15.3×; ROIC 28.2 %; $150B).
Dividend
token · Yield 0.13 % ($0.01 per ADS in 2025) · 5-year growth -0 % a year · Free cash flow coverage 45.4× · With $1,000 invested today you'd collect $1.30 a year ($0.11 a month).
Profitability
| Return on Equity | 18.43% |
| Return on Invested Capital | 5.97% |
| Return on Assets | 8.38% |
| Gross Margin | 39.00% |
| Operating Margin | 30.81% |
| Net Margin | 27.12% |
Financial Health
| Debt / Equity | 0.19 |
| Current Ratio | 2.24 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 2.32 |
Price Performance
| 1 month | -10.77% |
| 3 months | +2.68% |
| Year-to-date | +17.68% |
| 1 year | +46.00% |
| 3 years | +434.55% |
| 5 years | +236.12% |
| 10 years | +443.26% |
Dividend History
Paid in the last 12 months: $0.0273 per share in 3 payments.
| Date | Amount |
|---|---|
| 2026-09-08 | $0.0073 |
| 2026-06-09 | $0.0100 |
| 2026-03-10 | $0.0100 |
| 2025-09-02 | $0.0073 |
| 2025-03-04 | $0.0069 |
| 2024-09-03 | $0.0074 |
| 2024-03-04 | $0.0074 |
| 2023-08-31 | $0.0074 |
| 2023-03-06 | $0.0073 |
| 2022-09-01 | $0.0076 |
Amounts adjusted for stock splits.
Related companies: AUGO · SCCO · FCX · TECK
Explore sector: Basic Materials · Copper
More sections of HBM: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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