HudBay Historical Income Statement

HBM Stock  CAD 13.05  0.55  4.40%   
Historical analysis of HudBay Minerals income statement accounts such as Selling General Administrative of 27.7 M or Other Operating Expenses of 1.5 B can show how well HudBay Minerals performed in making a profits. Evaluating HudBay Minerals income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of HudBay Minerals's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining HudBay Minerals latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether HudBay Minerals is a good buy for the upcoming year.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.

About HudBay Income Statement Analysis

HudBay Minerals Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to HudBay Minerals shareholders. The income statement also shows HudBay investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

HudBay Minerals Income Statement Chart

At this time, HudBay Minerals' Total Operating Expenses is very stable compared to the past year. As of the 9th of December 2024, Income Before Tax is likely to grow to about 159.4 M, while Selling General Administrative is likely to drop about 27.7 M.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of HudBay Minerals. It is also known as HudBay Minerals overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from HudBay Minerals operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of HudBay Minerals is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from HudBay Minerals' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into HudBay Minerals current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.At this time, HudBay Minerals' Total Operating Expenses is very stable compared to the past year. As of the 9th of December 2024, Income Before Tax is likely to grow to about 159.4 M, while Selling General Administrative is likely to drop about 27.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit131.0M276.9M784.2M823.4M
Total Revenue1.5B1.5B1.7B1.8B

HudBay Minerals income statement Correlations

0.840.330.960.270.220.730.52-0.06-0.80.010.00.930.560.88-0.440.130.690.00.69-0.020.70.8
0.840.270.730.180.130.570.24-0.13-0.83-0.02-0.080.710.330.74-0.210.080.710.080.610.310.460.44
0.330.270.450.040.070.240.08-0.04-0.31-0.110.040.410.090.510.10.030.33-0.070.070.170.210.13
0.960.730.450.310.260.740.560.0-0.720.00.130.980.60.9-0.450.140.61-0.020.690.020.640.79
0.270.180.040.310.990.850.510.84-0.280.740.730.480.750.12-0.450.78-0.13-0.590.65-0.070.410.22
0.220.130.070.260.990.820.420.86-0.210.760.720.420.660.1-0.370.79-0.15-0.670.59-0.050.420.17
0.730.570.240.740.850.820.60.57-0.610.530.50.840.790.58-0.510.630.29-0.460.81-0.050.690.58
0.520.240.080.560.510.420.60.33-0.330.290.380.620.910.15-0.940.35-0.05-0.120.58-0.480.430.73
-0.06-0.13-0.040.00.840.860.570.330.130.870.820.170.55-0.17-0.320.88-0.31-0.520.54-0.190.3-0.02
-0.8-0.83-0.31-0.72-0.28-0.21-0.61-0.330.130.060.0-0.72-0.41-0.690.270.0-0.490.03-0.53-0.18-0.52-0.52
0.01-0.02-0.110.00.740.760.530.290.870.060.490.140.47-0.15-0.30.97-0.06-0.480.56-0.20.440.01
0.0-0.080.040.130.730.720.50.380.820.00.490.260.56-0.04-0.340.51-0.48-0.40.54-0.060.080.08
0.930.710.410.980.480.420.840.620.17-0.720.140.260.730.84-0.510.280.54-0.050.77-0.020.660.74
0.560.330.090.60.750.660.790.910.55-0.410.470.560.730.25-0.840.540.02-0.130.73-0.350.510.59
0.880.740.510.90.120.10.580.15-0.17-0.69-0.15-0.040.840.25-0.03-0.010.750.030.520.260.540.58
-0.44-0.210.1-0.45-0.45-0.37-0.51-0.94-0.320.27-0.3-0.34-0.51-0.84-0.03-0.340.080.08-0.530.47-0.36-0.63
0.130.080.030.140.780.790.630.350.880.00.970.510.280.54-0.01-0.340.06-0.460.63-0.190.510.08
0.690.710.330.61-0.13-0.150.29-0.05-0.31-0.49-0.06-0.480.540.020.750.080.060.240.350.260.420.31
0.00.08-0.07-0.02-0.59-0.67-0.46-0.12-0.520.03-0.48-0.4-0.05-0.130.030.08-0.460.24-0.2-0.06-0.18-0.18
0.690.610.070.690.650.590.810.580.54-0.530.560.540.770.730.52-0.530.630.35-0.20.020.560.55
-0.020.310.170.02-0.07-0.05-0.05-0.48-0.19-0.18-0.2-0.06-0.02-0.350.260.47-0.190.26-0.060.02-0.36-0.38
0.70.460.210.640.410.420.690.430.3-0.520.440.080.660.510.54-0.360.510.42-0.180.56-0.360.61
0.80.440.130.790.220.170.580.73-0.02-0.520.010.080.740.590.58-0.630.080.31-0.180.55-0.380.61
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HudBay Minerals Account Relationship Matchups

HudBay Minerals income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization346.6M363.6M359.8M339.1M393.1M412.7M
Interest Expense72.8M86.3M74.7M67.7M76.2M80.0M
Selling General Administrative36.2M41.4M41.5M32.7M39.2M27.7M
Other Operating Expenses1.2B1.1B1.5B1.3B1.4B1.5B
Operating Income(17.2M)(136.2M)(63.0M)128.1M297.2M312.0M
Ebit(17.2M)(96.4M)(63.0M)163.5M228.0M239.4M
Ebitda329.4M267.2M296.8M502.5M621.1M652.2M
Total Operating Expenses95.3M66.9M95.7M93.0M487.1M511.4M
Income Before Tax(452.8M)(179.1M)(202.8M)95.8M151.8M159.4M
Total Other Income Expense Net(164.0M)(141.9M)(139.8M)(32.2M)(145.3M)(138.1M)
Net Income(343.8M)(144.6M)(244.4M)70.4M66.4M69.7M
Income Tax Expense(109.0M)(34.5M)41.6M25.4M82.3M86.4M
Total Revenue1.2B1.1B1.5B1.5B1.7B1.8B
Gross Profit151.5M39M131.0M276.9M784.2M823.4M
Cost Of Revenue1.1B1.1B1.4B1.2B905.8M795.1M
Net Income From Continuing Ops(343.8M)(144.6M)(244.4M)70.4M69.5M73.0M
Net Income Applicable To Common Shares(343.8M)(144.6M)(244.4M)70.4M63.3M66.5M
Tax Provision(109.0M)(34.5M)41.6M25.4M82.3M86.4M
Interest Income69.5M1.8M129.7M60.6M8.1M7.7M
Net Interest Income(146.3M)(96.9M)(152.4M)(103.8M)(108.8M)(114.2M)
Reconciled Depreciation346.6M363.6M359.8M339.1M393.1M381.6M

Pair Trading with HudBay Minerals

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.

Moving together with HudBay Stock

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Moving against HudBay Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether HudBay Minerals is a strong investment it is important to analyze HudBay Minerals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HudBay Minerals' future performance. For an informed investment choice regarding HudBay Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between HudBay Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if HudBay Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HudBay Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.