HudBay Historical Cash Flow
| HBM Stock | CAD 12.24 0.38 3.01% |
Analysis of HudBay Minerals cash flow over time is an excellent tool to project HudBay Minerals future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Begin Period Cash Flow of 344.8 M or Depreciation of 412.7 M as it is a great indicator of HudBay Minerals ability to facilitate future growth, repay debt on time or pay out dividends.
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.
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About HudBay Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in HudBay balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which HudBay's non-liquid assets can be easily converted into cash.
HudBay Minerals Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Capital Expenditures
Capital Expenditures are funds used by HudBay Minerals to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of HudBay Minerals operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from HudBay Minerals' cash flow statement are interrelated and interconnected. However, analyzing cash flow 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 cash flow 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' Change To Inventory is very stable compared to the past year. As of the 27th of November 2024, Dividends Paid is likely to grow to about 8 M, though Change In Working Capital is likely to grow to (88.5 M).
HudBay Minerals cash flow statement Correlations
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HudBay Minerals Account Relationship Matchups
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HudBay Minerals cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (119.4M) | 43.0M | (168.1M) | (45.3M) | 24.1M | 25.3M | |
| Free Cash Flow | 51.7M | (121.7M) | 6.4M | 178.8M | 195.8M | 205.5M | |
| Change In Working Capital | 3.6M | (2.4M) | (104.0M) | 96.1M | (93.1M) | (88.5M) | |
| Begin Period Cash Flow | 515.5M | 396.1M | 439.1M | 271.0M | 225.7M | 344.8M | |
| Other Cashflows From Financing Activities | (100.9M) | 609.1M | 488.8M | (156.5M) | (107.8M) | (102.5M) | |
| Depreciation | 346.6M | 363.6M | 359.8M | 339.1M | 393.1M | 412.7M | |
| Other Non Cash Items | 410.7M | 42.3M | 318.7M | (45.2M) | 17.7M | 16.9M | |
| Capital Expenditures | 259.2M | 361.2M | 377.4M | 309.0M | 281.1M | 238.0M | |
| Total Cash From Operating Activities | 310.9M | 239.5M | 383.8M | 487.8M | 476.9M | 256.5M | |
| Net Income | (343.8M) | (144.6M) | (244.4M) | 70.4M | 69.5M | 73.0M | |
| Total Cash From Financing Activities | (137.8M) | 162.1M | (175.9M) | (196.3M) | (182.4M) | (173.3M) | |
| End Period Cash Flow | 396.1M | 439.1M | 271.0M | 225.7M | 249.8M | 360.9M | |
| Change To Inventory | (11.8M) | (2.9M) | (32.8M) | (13.0M) | 18.2M | 19.1M | |
| Sale Purchase Of Stock | (69K) | 0.0 | 980K | 1.3M | 1.4M | 1.4M | |
| Stock Based Compensation | 2.7M | 15.0M | 12.1M | 2.1M | 7.4M | 6.9M | |
| Change To Account Receivables | 3.3M | (37.7M) | (61.0M) | 88.5M | (70.3M) | (66.8M) | |
| Dividends Paid | 3.9M | 3.8M | 4.1M | 4.0M | 4.5M | 8.0M | |
| Investments | (292.4M) | (359.0M) | 1.2M | (337.7M) | (271.8M) | (258.2M) | |
| Net Borrowings | (33.0M) | 164.0M | (37.7M) | (35.8M) | (32.2M) | (30.6M) | |
| Total Cashflows From Investing Activities | (292.4M) | (359.0M) | (375.0M) | (337.7M) | (388.3M) | (407.7M) | |
| Change To Operating Activities | 6.5M | 2.0M | 1.2M | 18.2M | 20.9M | 21.9M | |
| Other Cashflows From Investing Activities | 11.5M | 2.2M | 1.2M | (28.7M) | (33.0M) | (31.4M) | |
| Change To Netincome | 230.3M | (41.2M) | 322.3M | (54.0M) | (48.6M) | (46.2M) | |
| Change To Liabilities | 5.6M | 36.2M | (11.5M) | 2.4M | 2.8M | 3.0M |
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
| 0.83 | AG | First Majestic Silver | PairCorr |
| 0.85 | IE | Ivanhoe Energy | PairCorr |
| 0.89 | FDY | Faraday Copper Corp | PairCorr |
Moving against HudBay Stock
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.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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.