Financials Hudbay Minerals Inc.

Equities

HBM

CA4436281022

Specialty Mining & Metals

Market Closed - Toronto S.E. Other stock markets 01:46:23 19/09/2024 am IST			5-day change	1st Jan Change
10.34 ^CAD	+0.68%		+9.65%	+41.84%

10/09	RBC Capital Markets Outlines Estimate Changes for North American Base Metals Companies	MT
03/09	Copper Stocks Brief: Goldman Sachs Group Exited a Long-term Bullish Position on Copper and Slashed Its Price Forecast for 2025 by Near US$5,000, Citing Shrinking Demand in China, Bloomberg noted	MT

Projected Income Statement: Hudbay Minerals Inc.

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,237	1,092	1,502	1,461	1,690	2,055	2,236	2,158
Change	-	-11.72%	37.49%	-2.7%	15.64%	21.61%	8.82%	-3.49%
EBITDA ¹	380.1	306.7	547.1	475.9	647.8	886.2	1,092	1,013
Change	-	-19.31%	78.38%	-13.01%	36.12%	36.8%	23.25%	-7.27%
EBIT ¹	33.48	-37.19	189	138.3	256.1	497.1	735.6	701.8
Change	-	-	-	-26.83%	85.18%	94.1%	47.97%	-4.58%
Interest Paid ¹	-164	-141.9	-221	-118.5	-145.3	-141.7	-113.5	-78.03
Earnings before Tax (EBT) ¹	-452.8	-179.1	-202.8	95.8	151.8	311.5	641.3	544.5
Change	-	-60.45%	13.21%	-	58.46%	105.2%	105.87%	-15.09%
Net income ¹	-343.8	-144.6	-244.4	70.38	66.37	168.8	371.6	312.4
Change	-	-57.95%	69.01%	-	-5.7%	154.29%	120.19%	-15.93%
Announcement Date	20/02/20	18/02/21	23/02/22	23/02/23	23/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	291.3	324.5	245.1	208.9	316.1	322.3	313.6	404.2	359	425.2	378.6	415.5	346.2	321.2	295.2	312.2	480.5	602.2	525	425.5	473.1	600.5	-	-	-	-
Change	-	11.4%	-24.46%	-14.77%	51.31%	1.96%	-2.69%	28.89%	-11.2%	18.44%	-10.95%	9.73%	-16.68%	-7.21%	-8.09%	5.74%	53.91%	25.34%	-12.82%	-18.95%	11.19%	26.91%	-100%	-	-	-
EBITDA ¹	94.38	101.2	58.87	49.1	96.1	106.9	104.2	143.2	119.3	180.3	110.2	141.4	99.3	124.7	101.9	81.2	190.7	274.4	214.2	145	199	303.7	257.2	259.2	259.2	259.2
Change	-	7.21%	-41.82%	-16.6%	95.72%	11.24%	-2.53%	37.43%	-16.69%	51.13%	-38.88%	28.31%	-29.77%	25.58%	-18.28%	-20.31%	134.85%	43.89%	-21.94%	-32.31%	37.27%	52.6%	-15.34%	0.78%	0%	0%
EBIT ¹	11.54	6.256	-27.98	-26.84	20.83	7.179	21.5	43.9	32.85	90	29.1	54.1	9.5	45.3	34.5	-7.5	76.9	152.5	104.9	47.4	79.97	166.7	-	-	-	-
Change	-	-45.79%	-	-4.11%	-	-65.53%	199.48%	104.19%	-25.17%	173.98%	-67.67%	85.91%	-82.44%	376.84%	-23.84%	-	-	98.31%	-31.21%	-54.81%	68.7%	108.45%	-100%	-	-	-
Charge d'intérêts	-35.67	-48.61	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-348.4	-42.35	-81.45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-87.84%	92.32%	-100%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	-274.8	-1.455	-76.13	-51.9	-23.96	7.406	-60.1	-3.395	-170.4	-10.45	63.82	32.14	-8.135	-17.44	5.457	-14.93	45.5	30.72	18.54	-16.58	19.79	63.24	-	-	-	-
Change	-	-99.47%	5,132.58%	-31.83%	-53.84%	-	-	-94.35%	4,919.47%	-93.87%	-	-49.63%	-	114.39%	-	-	-	-32.49%	-39.66%	-	-	219.6%	-100%	-	-	-
Announcement Date	11/11/19	20/02/20	14/05/20	11/08/20	03/11/20	18/02/21	11/05/21	09/08/21	03/11/21	23/02/22	09/05/22	08/08/22	02/11/22	23/02/23	08/05/23	08/08/23	08/11/23	23/02/24	14/05/24	13/08/24	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Hudbay Minerals Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	589	760	987	958	1,038	421	-18.7	-297
Change	-	29.03%	29.87%	-2.94%	8.35%	-59.43%	-104.44%	-1,688.24%
Announcement Date	20/02/20	18/02/21	23/02/22	23/02/23	23/02/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Hudbay Minerals Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	259.2	361.2	377.4	309	281.1	335.3	466.4	587.6
Change	-	39.34%	4.5%	-18.14%	-9.02%	19.27%	39.12%	25.96%
Free Cash Flow (FCF) ¹	51.65	-121.7	6.383	178.8	195.8	383	468	493.8
Change	-	-335.62%	-105.24%	2,701.86%	9.45%	95.67%	22.17%	5.52%
Announcement Date	20/02/20	18/02/21	23/02/22	23/02/23	23/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Hudbay Minerals Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	30.72%	28.08%	36.42%	32.56%	38.33%	43.12%	48.84%	46.92%
EBIT Margin (%)	2.71%	-3.4%	12.58%	9.46%	15.15%	24.19%	32.89%	32.52%
EBT Margin (%)	-36.59%	-16.39%	-13.5%	6.56%	8.98%	15.16%	28.67%	25.23%
Net margin (%)	-27.78%	-13.24%	-16.27%	4.82%	3.93%	8.21%	16.62%	14.47%
FCF margin (%)	4.17%	-11.14%	0.42%	12.24%	11.58%	18.64%	20.92%	22.88%
FCF / Net Income (%)	-15.02%	84.18%	-2.61%	254.1%	294.95%	226.97%	125.93%	158.07%
Profitability
ROA	-7.52%	-	-	-	-	-	-	-
ROE	-17.08%	-8.15%	1.45%	1.73%	3.62%	7.4%	11.27%	9.35%
Financial Health
Leverage (Debt/EBITDA)	1.55x	2.48x	1.8x	2.01x	1.6x	0.47x	-	-
Debt / Free cash flow	11.4x	-6.25x	154.67x	5.36x	5.3x	1.1x	-	-
Capital Intensity
CAPEX / Current Assets (%)	20.95%	33.06%	25.13%	21.14%	16.63%	16.31%	20.86%	27.22%
CAPEX / EBITDA (%)	68.19%	117.76%	68.99%	64.92%	43.39%	37.83%	42.71%	58.01%
CAPEX / FCF (%)	501.8%	-296.77%	5,913.1%	172.75%	143.6%	87.53%	99.68%	118.99%
Items per share
Cash flow per share ¹	1.176	0.9257	1.851	1.494	1.833	1.753	2.052	2.168
Change	-	-21.29%	99.91%	-19.27%	22.71%	-4.38%	17.06%	5.65%
Dividend per Share ¹	0.0151	0.02	0.0157	0.0147	0.0148	0.0174	0.0174	0.02
Change	-	32.71%	-21.4%	-6.55%	0.75%	17.7%	-0.4%	15.27%
Book Value Per Share ¹	7.074	6.506	5.65	5.999	-	-	-	-
Change	-	-8.03%	-13.16%	6.17%	-	-	-	-
EPS ¹	-1.32	-0.55	-0.93	0.27	0.22	0.3057	0.8795	0.6275
Change	-	-58.33%	69.09%	-129.03%	-18.52%	38.94%	187.73%	-28.65%
Nbr of stocks (in thousands)	2,61,272	2,61,272	2,61,525	2,61,903	3,48,908	3,93,602	3,93,602	3,93,602
Announcement Date	20/02/20	18/02/21	23/02/22	23/02/23	23/02/24	-	-	-