Is the business good?
How good a business is HBM?
Hudbay Minerals Inc. earns 20% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
20%
Return on invested capital · cost of capital 9.0% · 11 points above what the capital costs: growth creates value
- Operating margin
- 41%
Operating margin · Copper median 38% · fiscal year to FY2025
- Cash conversion
- 0.43×
Cash conversion · some of the reported profit has not turned into cash yet
- Share count, year on year
- +5.1%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −3.4% |
| FY2021 | 1.2% |
| FY2022 | 15% |
| FY2023 | 18% |
| FY2024 | 20% |
| FY2025 | 41% |
Details›
- Gross marginfiscal year to FY2025
- 34%
- Operating marginfiscal year to FY2025
- 41%
- Net marginfiscal year to FY2025
- 26%
- Free cash flow margin
- 11%
- Revenue, trailing twelve months
- $2.21B
- Free cash flow, trailing twelve months
- $241M
- Net income, trailing twelve months
- $564M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 20%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.