HudBay Interest Coverage vs Free Cash Flow Yield Analysis

HBM Stock

CAD 12.50 0.20 1.57%

HudBay Minerals financial indicator trend analysis is much more than just examining HudBay Minerals latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HudBay Minerals is a good investment. Please check the relationship between HudBay Minerals Interest Coverage and its Free Cash Flow Yield accounts. 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.

Interest Coverage vs Free Cash Flow Yield

Interest Coverage vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HudBay Minerals Interest Coverage account and Free Cash Flow Yield. At this time, the significance of the direction appears to have pay attention.

The correlation between HudBay Minerals' Interest Coverage and Free Cash Flow Yield is -0.85. Overlapping area represents the amount of variation of Interest Coverage that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of HudBay Minerals, assuming nothing else is changed. The correlation between historical values of HudBay Minerals' Interest Coverage and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Coverage of HudBay Minerals are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Interest Coverage i.e., HudBay Minerals' Interest Coverage and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.85

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Interest Coverage

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from HudBay Minerals' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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' Tax Provision is very stable compared to the past year. As of the 8th of December 2024, Issuance Of Capital Stock is likely to grow to about 15.1 M, while Selling General Administrative is likely to drop about 27.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	131.0M	276.9M	784.2M	823.4M
Total Revenue	1.5B	1.5B	1.7B	1.8B

Gross Profit Total Revenue

HudBay Minerals fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Common Stock Total Equity	Short Term Debt	Common Stock
Total Assets		0.7	0.71	0.87	0.82	0.53	-0.07	0.63	-0.06	0.82	0.15	0.42	-0.06	0.78	0.95	0.95	0.77	0.42	-0.13	0.82	0.59	0.22	0.91	0.93	-0.18	0.91
Other Current Liab	0.7		0.99	0.48	0.87	0.68	-0.54	0.57	-0.15	0.89	0.61	0.78	-0.15	0.51	0.73	0.75	0.79	0.35	0.23	0.93	0.95	0.1	0.75	0.76	-0.29	0.8
Total Current Liabilities	0.71	0.99		0.51	0.86	0.65	-0.49	0.62	-0.08	0.88	0.64	0.8	-0.09	0.56	0.74	0.75	0.79	0.36	0.26	0.93	0.93	0.18	0.75	0.76	-0.18	0.81
Total Stockholder Equity	0.87	0.48	0.51		0.64	0.17	0.34	0.65	0.26	0.64	0.18	0.09	0.26	0.59	0.82	0.67	0.58	0.31	-0.27	0.57	0.35	0.47	0.67	0.79	0.09	0.77
Property Plant And Equipment Net	0.82	0.87	0.86	0.64		0.82	-0.36	0.52	-0.34	1.0	0.44	0.67	-0.34	0.69	0.79	0.86	0.77	0.54	0.08	0.96	0.85	-0.08	0.87	0.84	-0.42	0.86
Net Debt	0.53	0.68	0.65	0.17	0.82		-0.68	0.16	-0.78	0.81	0.32	0.73	-0.78	0.57	0.52	0.7	0.64	0.52	0.22	0.79	0.78	-0.59	0.76	0.6	-0.69	0.62
Retained Earnings	-0.07	-0.54	-0.49	0.34	-0.36	-0.68		-0.04	0.59	-0.35	-0.32	-0.79	0.6	0.0	-0.21	-0.3	-0.54	0.02	-0.55	-0.44	-0.64	0.51	-0.38	-0.28	0.62	-0.33
Accounts Payable	0.63	0.57	0.62	0.65	0.52	0.16	-0.04		0.28	0.53	0.25	0.39	0.28	0.35	0.71	0.54	0.61	0.19	-0.07	0.56	0.44	0.46	0.61	0.69	0.11	0.68
Cash	-0.06	-0.15	-0.08	0.26	-0.34	-0.78	0.59	0.28		-0.32	0.0	-0.36	1.0	-0.25	-0.05	-0.26	-0.23	-0.38	-0.03	-0.25	-0.34	0.95	-0.35	-0.13	0.75	-0.15
Non Current Assets Total	0.82	0.89	0.88	0.64	1.0	0.81	-0.35	0.53	-0.32		0.48	0.67	-0.32	0.69	0.79	0.85	0.76	0.55	0.07	0.97	0.87	-0.06	0.86	0.83	-0.39	0.86
Non Currrent Assets Other	0.15	0.61	0.64	0.18	0.44	0.32	-0.32	0.25	0.0	0.48		0.56	-0.01	0.13	0.25	0.11	0.42	0.17	0.4	0.43	0.68	0.12	0.23	0.24	0.06	0.35
Other Assets	0.42	0.78	0.8	0.09	0.67	0.73	-0.79	0.39	-0.36	0.67	0.56		-0.36	0.37	0.54	0.57	0.72	0.08	0.61	0.75	0.84	-0.16	0.66	0.57	-0.28	0.62
Cash And Short Term Investments	-0.06	-0.15	-0.09	0.26	-0.34	-0.78	0.6	0.28	1.0	-0.32	-0.01	-0.36		-0.25	-0.05	-0.26	-0.23	-0.38	-0.03	-0.25	-0.34	0.95	-0.35	-0.13	0.75	-0.14
Net Receivables	0.78	0.51	0.56	0.59	0.69	0.57	0.0	0.35	-0.25	0.69	0.13	0.37	-0.25		0.63	0.81	0.45	0.69	-0.16	0.71	0.46	0.01	0.76	0.6	0.01	0.59
Common Stock Shares Outstanding	0.95	0.73	0.74	0.82	0.79	0.52	-0.21	0.71	-0.05	0.79	0.25	0.54	-0.05	0.63		0.89	0.9	0.25	0.05	0.79	0.65	0.23	0.93	0.99	-0.2	0.98
Non Current Liabilities Total	0.95	0.75	0.75	0.67	0.86	0.7	-0.3	0.54	-0.26	0.85	0.11	0.57	-0.26	0.81	0.89		0.77	0.47	-0.03	0.89	0.68	0.02	0.95	0.89	-0.33	0.88
Inventory	0.77	0.79	0.79	0.58	0.77	0.64	-0.54	0.61	-0.23	0.76	0.42	0.72	-0.23	0.45	0.9	0.77		0.12	0.31	0.77	0.79	0.03	0.88	0.93	-0.4	0.95
Other Current Assets	0.42	0.35	0.36	0.31	0.54	0.52	0.02	0.19	-0.38	0.55	0.17	0.08	-0.38	0.69	0.25	0.47	0.12		-0.43	0.5	0.34	-0.24	0.44	0.26	-0.19	0.26
Other Stockholder Equity	-0.13	0.23	0.26	-0.27	0.08	0.22	-0.55	-0.07	-0.03	0.07	0.4	0.61	-0.03	-0.16	0.05	-0.03	0.31	-0.43		0.15	0.33	0.0	0.08	0.08	-0.04	0.13
Total Liab	0.82	0.93	0.93	0.57	0.96	0.79	-0.44	0.56	-0.25	0.97	0.43	0.75	-0.25	0.71	0.79	0.89	0.77	0.5	0.15		0.88	0.02	0.86	0.82	-0.34	0.85
Property Plant And Equipment Gross	0.59	0.95	0.93	0.35	0.85	0.78	-0.64	0.44	-0.34	0.87	0.68	0.84	-0.34	0.46	0.65	0.68	0.79	0.34	0.33	0.88		-0.1	0.72	0.7	-0.41	0.75
Total Current Assets	0.22	0.1	0.18	0.47	-0.08	-0.59	0.51	0.46	0.95	-0.06	0.12	-0.16	0.95	0.01	0.23	0.02	0.03	-0.24	0.0	0.02	-0.1		-0.07	0.13	0.71	0.13
Short Long Term Debt Total	0.91	0.75	0.75	0.67	0.87	0.76	-0.38	0.61	-0.35	0.86	0.23	0.66	-0.35	0.76	0.93	0.95	0.88	0.44	0.08	0.86	0.72	-0.07		0.94	-0.37	0.94
Common Stock Total Equity	0.93	0.76	0.76	0.79	0.84	0.6	-0.28	0.69	-0.13	0.83	0.24	0.57	-0.13	0.6	0.99	0.89	0.93	0.26	0.08	0.82	0.7	0.13	0.94		-0.33	0.99
Short Term Debt	-0.18	-0.29	-0.18	0.09	-0.42	-0.69	0.62	0.11	0.75	-0.39	0.06	-0.28	0.75	0.01	-0.2	-0.33	-0.4	-0.19	-0.04	-0.34	-0.41	0.71	-0.37	-0.33		-0.33
Common Stock	0.91	0.8	0.81	0.77	0.86	0.62	-0.33	0.68	-0.15	0.86	0.35	0.62	-0.14	0.59	0.98	0.88	0.95	0.26	0.13	0.85	0.75	0.13	0.94	0.99	-0.33

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HudBay Minerals Account Relationship Matchups

HudBay Minerals fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.5B	4.7B	4.6B	4.3B	5.3B	2.7B
Other Current Liab	288.1M	308.0M	376.2M	343.6M	385.7M	405.0M
Total Current Liabilities	391.8M	448.8M	509.2M	447.6M	537.3M	564.2M
Total Stockholder Equity	1.8B	1.7B	1.5B	1.6B	2.1B	1.3B
Property Plant And Equipment Net	3.7B	3.7B	3.7B	3.6B	4.3B	4.5B
Net Debt	671.1M	760.1M	987.3M	1.0B	1.1B	1.2B
Retained Earnings	95.0M	(53.3M)	(301.8M)	(235.5M)	(173.6M)	(164.9M)
Accounts Payable	68.7M	104.6M	84.3M	83.8M	69.3M	71.4M
Cash	396.1M	439.1M	271.0M	225.7M	249.8M	355.6M
Non Current Assets Total	3.8B	3.9B	4.0B	3.8B	4.6B	4.9B
Non Currrent Assets Other	44.1M	56.3M	67.9M	109.1M	237.0M	248.8M
Other Assets	119.1M	158.2M	201.5M	176.4M	202.8M	213.0M
Cash And Short Term Investments	396.1M	439.1M	271.0M	225.7M	250.5M	343.7M
Net Receivables	113.3M	153.6M	166.5M	122.3M	169.8M	99.1M
Liabilities And Stockholders Equity	4.5B	4.7B	4.6B	4.3B	5.3B	2.7B
Non Current Liabilities Total	2.2B	2.5B	2.6B	2.3B	2.6B	1.4B
Inventory	138.8M	143.1M	158.5M	155.0M	207.3M	107.0M
Other Current Assets	40.7M	65.6M	60.8M	59.4M	45.6M	89.3M
Other Stockholder Equity	(24.3M)	(24.2M)	(182K)	60.2M	54.2M	80.0M
Total Liab	2.6B	3.0B	3.1B	2.8B	3.1B	3.3B
Property Plant And Equipment Gross	3.7B	3.7B	6.6B	5.3B	6.9B	7.2B
Total Current Assets	663.0M	755.7M	656.7M	524.2M	673.2M	601.2M
Accumulated Other Comprehensive Income	(24.3M)	(24.2M)	(182K)	26.5M	30.2M	31.7M
Short Long Term Debt Total	1.1B	1.2B	1.3B	1.2B	1.4B	736.5M
Short Term Debt	32.8M	33.5M	33.5M	16.2M	28.9M	40.4M
Current Deferred Revenue	87.9M	104.4M	96.9M	79.7M	88.3M	62.2M
Intangible Assets	5.0M	5.4M	5.9M	4.8M	4.0M	5.6M
Other Liab	1.2B	1.4B	1.4B	1.1B	1.2B	1.3B
Net Tangible Assets	1.8B	1.7B	1.5B	1.6B	1.4B	1.4B
Long Term Debt	985.3M	1.1B	1.2B	1.2B	1.3B	1.2B
Long Term Investments	11.3M	15.7M	11.2M	9.8M	7.1M	13.1M
Property Plant Equipment	3.7B	3.7B	3.7B	3.6B	4.1B	4.1B
Long Term Debt Total	1.0B	1.2B	1.2B	1.2B	1.4B	1.3B

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

0.79	AG	First Majestic Silver	Pair Corr
0.82	IE	Ivanhoe Energy	Pair Corr
0.72	FDY	Faraday Copper Corp	Pair Corr

Moving against HudBay Stock

0.4

INFM

Infinico Metals Corp

Pair Corr

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 Correlation Correlation 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:

How To Invest In HudBay

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Is HudBay Stock a good investment?

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What is HudBay Minerals' Net Worth?

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Largest Diversified Metals & Mining Companies

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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 Transaction History module to view history of all your transactions and understand their impact on performance.

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.

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HudBay Interest Coverage vs Free Cash Flow Yield Analysis

Interest Coverage vs Free Cash Flow Yield

Interest Coverage vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Interest Coverage

Free Cash Flow Yield

HudBay Minerals fundamental ratios Correlations

HudBay Minerals Account Relationship Matchups

High Positive Relationship

High Negative Relationship

HudBay Minerals fundamental ratios Accounts

Pair Trading with HudBay Minerals

Moving together with HudBay Stock

Moving against HudBay Stock

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COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Other Current Liab
Common Stock Total Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock	+ 0.99	Common Stock Total Equity
Common Stock	+ 0.98	Common Stock Shares Outstanding

Other Assets	- 0.79	Retained Earnings
Cash And Short Term Investments	- 0.78	Net Debt
Cash	- 0.78	Net Debt
Short Term Debt	- 0.69	Net Debt
Retained Earnings	- 0.68	Net Debt
Property Plant And Equipment Gross	- 0.64	Retained Earnings