HBM · Intrinsic value
Is Hudbay Minerals Inc. (HBM) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth's valuation lenses put Hudbay Minerals Inc. (HBM) at $11.97 – $42.14, too broad a range to say where the delayed market price of $24.17 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
What is HBM worth?
- Fair-value range
- $11.97 – $42.14
- Market price
- $24.17
- Gap to fair value
- —
- Verdict
- Too wide to call
Reverse DCF: Today's price implies revenue growth of 18.2% a year for 5 years; our model assumes 10.7% a year on average over the same horizon.
What is HBM's TickerWorth Score?
Scores higher than most companies we compare it with
Compared with Basic Materials companies in US
Its strongest point: a profitable, high-quality business. Its weakest: growth is slow or negative.
- Value · 54 of 100
Cheaper than 54% of Basic Materials companies in US
- Price vs worth · 57 of 100
- Quality · 72 of 100
More profitable than 72% of Basic Materials companies in US
- Financial health · 73 of 100
Financially stronger than 73% of Basic Materials companies in US
- Growth · 37 of 100
Growing faster than 37% of Basic Materials companies in US
- Momentum · 63 of 100
Outperformed 63% of Basic Materials companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
Why HBM gets a range, not one number
At a recent price of $24.16, Hudbay Minerals Inc. (HBM) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $11.97 and $42.14 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Hudbay Minerals Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 14.5%, with a long-run terminal growth rate of 2.5%. About 60% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 18.2% annual revenue growth for HBM. Our base case instead compounds to about 10.7% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, HBM's modeled DCF value ranges from about $16.91 to $25.16 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Hudbay Minerals Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of HBM's intrinsic value. Figures update as new filings and prices come in.
Every input behind HBM's DCF
| Input | Value |
|---|---|
| Base-year revenueHudbay Minerals Inc. FY2025 40-F (accession 0001062993-26-001648): ifrs-full:Revenue, FY2025 full year. | $2,211,000,000 |
| Base EBIT marginHudbay Minerals Inc. FY2025 40-F (accession 0001062993-26-001648): ifrs-full:ProfitLossFromOperatingActivities 916,500,000 / revenue 2,211,000,000 = 41.45%, FY2025. | 41.4% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 18% → 14% → 11% → 7% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.7% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 2.27 |
| Terminal growthESTIMATEAssumption — TickerWorth house default, held below WACC | 2.5% |
| Diluted sharesHudbay Minerals Inc. FY2025 40-F (accession 0001062993-26-001648): WeightedAverageShares = 395,521,903 shares, FY2025. | 396M |
| Market priceLast known price · as of 2026-10-19 17:45 UTC | $24.16 |
Change HBM's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Hudbay Minerals Inc. do?
What does it do?
Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver. It operates in the Copper industry (Basic Materials sector), headquartered in Canada.
How does it make money?
The business turns $2.2B in annual revenue into profit. Out of every $100 of sales, about $33 is left as operating profit (operating margin of 32.6%), after a 57% gross margin on the products/services it sells. After all costs, taxes and interest, 27.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.2× equity), comfortably covers its short-term bills (2.2× current ratio), and is currently profitable.
HBM insider trading
We have no recent SEC Form 4 insider filings on file for Hudbay Minerals Inc.. Form 4 covers US-listed companies only.
Common questions
What is HBM's intrinsic value?
TickerWorth's valuation lenses put Hudbay Minerals Inc. (HBM) between $11.97 and $42.14 per share, versus a market price of $24.16. They disagree too widely for us to state a single fair value, so we publish the range.
Is HBM overvalued or undervalued?
At $24.16 the price sits inside a range too wide to call either way. We don't call HBM overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for HBM?
A WACC of 14.5% and a terminal growth rate of 2.5%.
Is Hudbay Minerals stock undervalued?
TickerWorth's fair-value range for Hudbay Minerals Inc. (HBM) is $11.97 – $42.14 against a market price of $24.17. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Hudbay Minerals (HBM) DCF valuation and fair value
Our fair-value range for Hudbay Minerals Inc. (HBM) is $11.97 – $42.14, built on a 14.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Hudbay Minerals stock?
Today's price implies revenue growth of 18.2% a year for 5 years; our model assumes 10.7% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $24.17. A model estimate, not investment advice.
Hudbay Minerals (HBM) insider trading
We have no recent SEC Form 4 insider filings on file for Hudbay Minerals Inc. (HBM). Form 4 covers US-listed companies only.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.