HudBay Minerals Current Valuation vs. Cash And Equivalents
| HBM Stock | CAD 13.62 0.31 2.33% |
For HudBay Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HudBay Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HudBay Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HudBay Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HudBay Minerals over time as well as its relative position and ranking within its peers.
HudBay |
HudBay Minerals Cash And Equivalents vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HudBay Minerals's current stock value. Our valuation model uses many indicators to compare HudBay Minerals value to that of its competitors to determine the firm's financial worth. HudBay Minerals is rated # 5 in current valuation category among its peers. It is rated # 3 in cash and equivalents category among its peers creating about 0.04 of Cash And Equivalents per Current Valuation. The ratio of Current Valuation to Cash And Equivalents for HudBay Minerals is roughly 23.43 . At this time, HudBay Minerals' Cash And Equivalents is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value HudBay Minerals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for HudBay Minerals' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.HudBay Current Valuation vs. Competition
HudBay Minerals is rated # 5 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 83.38 Billion. HudBay Minerals holds roughly 6.35 Billion in current valuation claiming about 8% of all equities under Materials industry.
HudBay Cash And Equivalents vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
HudBay Minerals |
| = | 6.35 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
HudBay Minerals |
| = | 270.99 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
HudBay Cash And Equivalents Comparison
HudBay Minerals is currently under evaluation in cash and equivalents category among its peers.
HudBay Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in HudBay Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HudBay Minerals will eventually generate negative long term returns. The profitability progress is the general direction of HudBay Minerals' change in net profit over the period of time. It can combine multiple indicators of HudBay Minerals, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 30.2 M | 31.7 M | |
| Operating Income | 297.2 M | 312 M | |
| Income Before Tax | 151.8 M | 159.4 M | |
| Total Other Income Expense Net | -145.3 M | -138.1 M | |
| Net Income | 69.5 M | 73 M | |
| Income Tax Expense | 82.3 M | 86.4 M | |
| Net Income From Continuing Ops | 69.5 M | 73 M | |
| Net Income Applicable To Common Shares | 63.3 M | 66.5 M | |
| Interest Income | 8.1 M | 7.7 M | |
| Net Interest Income | -108.8 M | -114.2 M | |
| Change To Netincome | -48.6 M | -46.2 M | |
| Net Income Per Share | 0.21 | 0.22 | |
| Income Quality | 6.12 | 6.42 | |
| Net Income Per E B T | 0.44 | 0.73 |
HudBay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HudBay Minerals. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of HudBay Minerals position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the HudBay Minerals' important profitability drivers and their relationship over time.
Use HudBay Minerals in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HudBay Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HudBay Minerals will appreciate offsetting losses from the drop in the long position's value.HudBay Minerals Pair Trading
HudBay Minerals Pair Trading Analysis
The ability to find closely correlated positions to HudBay Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HudBay Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HudBay Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HudBay Minerals to buy it.
The correlation of HudBay Minerals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HudBay Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HudBay Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HudBay Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your HudBay Minerals position
In addition to having HudBay Minerals in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 29 constituents at this time.
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Check out Risk vs Return Analysis. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
To fully project HudBay Minerals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of HudBay Minerals at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include HudBay Minerals' income statement, its balance sheet, and the statement of cash flows.