HudBay Minerals Inc (HBM) vs Ivanhoe Electric Inc. (IE)

HudBay Minerals Inc and Ivanhoe Electric Inc. are both Copper companies. HudBay Minerals Inc is the larger, with a market value of $11.6B against $1.6B — 7.3× the size. Ivanhoe Electric Inc. has negative trailing earnings, so its P/E is not meaningful; HudBay Minerals Inc trades at 15.7×. HudBay Minerals Inc grew revenue faster over the last twelve months: 12.1% against −20.6%. HudBay Minerals Inc has the higher net margin (27.5% vs −1,138.7%) and the higher return on invested capital (13.3% vs 2.92%). Across the 19 metrics below, HudBay Minerals Inc leads on 15 and Ivanhoe Electric Inc. on 4.

Valuation

Metric HBM IE Copper median
P/E 15.66 n/m —
P/S 4.32 554.21 4.32
P/B 2.03 3.16 3.23
Price to free cash flow 37.70 n/m —
EV/EBITDA 7.45 86.84 12.02
EV/Sales 4.49 488.35 4.81
Earnings yield 6.38% (7.56%) 3.35%
Free cash flow yield 2.65% (7.87%) 2.65%

Profitability

Metric HBM IE Copper median
Gross margin 39.40% 58.72% 42.75%
Operating margin 44.67% 474.50% 44.67%
Net margin 27.48% (1,138.74%) 27.48%
Free cash flow margin 11.46% (4,302.05%) 11.46%
Return on equity 16.70% (8.18%) 16.70%
Return on assets 9.91% (6.99%) 9.91%
Return on invested capital 13.25% 2.92% 12.50%

Growth

Metric HBM IE Copper median
Revenue growth (TTM) 12.09% (20.57%) 12.09%
EPS growth (last fiscal year) 620.00% 26.17% —
Revenue growth, 5-year CAGR 15.14% (6.88%) 12.79%
Net income growth, 5-year CAGR 0.00% 0.00% 22.52%

Health

Metric HBM IE Copper median
Debt to equity 0.17 0.07 0.29
Current ratio 2.24 5.05 2.24
Net debt to EBITDA 0.36 1.29 0.61

Dividend

Metric HBM IE Copper median
Dividend yield 0.30% — —
Payout ratio 0.05 — —

Size

Metric HBM IE Copper median
Market cap 11.64b 1.59b 11.64b

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