Freeport-McMoRan Inc. (FCX) vs HudBay Minerals Inc (HBM)

Freeport-McMoRan Inc. and HudBay Minerals Inc are both Copper companies. Freeport-McMoRan Inc. is the larger, with a market value of $100.7B against $10.8B — 9.4× the size. HudBay Minerals Inc trades at the lower P/E: 13.9× against 34.1×. HudBay Minerals Inc grew revenue faster over the last twelve months: 12.1% against 0.19%. HudBay Minerals Inc has the higher net margin (27.5% vs 11.4%) and the higher return on invested capital (13.3% vs 11.6%). Both pay a dividend; Freeport-McMoRan Inc. yields more (0.43% vs 0.09%). Across the 23 metrics below, HudBay Minerals Inc leads on 21 and Freeport-McMoRan Inc. on 2.

Valuation

Metric FCX HBM Copper median
P/E 34.15 13.89 —
P/S 3.85 3.83 3.85
P/B 3.09 1.80 3.09
Price to free cash flow 59.83 33.44 —
EV/EBITDA 11.54 6.64 11.54
EV/Sales 4.05 4.00 4.39
Earnings yield 2.93% 7.20% 3.41%
Free cash flow yield 1.67% 2.99% 2.99%

Profitability

Metric FCX HBM Copper median
Gross margin 27.06% 39.40% 42.75%
Operating margin 26.76% 44.67% 44.67%
Net margin 11.38% 27.48% 27.48%
Free cash flow margin 6.81% 11.46% 11.46%
Return on equity 9.47% 16.70% 16.70%
Return on assets 5.07% 9.91% 9.91%
Return on invested capital 11.62% 13.25% 12.50%

Growth

Metric FCX HBM Copper median
Revenue growth (TTM) 0.19% 12.09% 12.09%
EPS growth (last fiscal year) 16.92% 620.00% 26.17%
Revenue growth, 5-year CAGR 12.79% 15.14% 12.79%
Net income growth, 5-year CAGR 29.76% 0.00% 22.52%

Health

Metric FCX HBM Copper median
Debt to equity 0.29 0.17 0.29
Current ratio 2.07 2.24 2.24
Net debt to EBITDA 0.61 0.36 0.61

Dividend

Metric FCX HBM Copper median
Dividend yield 0.43% 0.09% —
Payout ratio 0.15 0.01 —

Size

Metric FCX HBM Copper median
Market cap 100.72b 10.76b 10.76b

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