HudBay Minerals Price To Earning vs. Return On Asset
| HBM Stock | CAD 12.24 0.38 3.01% |
For HudBay Minerals profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HudBay Minerals to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HudBay Minerals utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HudBay Minerals's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HudBay Minerals over time as well as its relative position and ranking within its peers.
HudBay |
HudBay Minerals Return On Asset vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HudBay Minerals's current stock value. Our valuation model uses many indicators to compare HudBay Minerals value to that of its competitors to determine the firm's financial worth. HudBay Minerals is rated # 3 in price to earning category among its peers. It is one of the top stocks in return on asset category among its peers . The ratio of Price To Earning to Return On Asset for HudBay Minerals is about 869.04 . As of the 27th of November 2024, Return On Assets is likely to grow to 0.01. Comparative valuation analysis is a catch-all model that can be used if you cannot value HudBay Minerals by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for HudBay Minerals' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.HudBay Return On Asset vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
HudBay Minerals |
| = | 41.54 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
HudBay Minerals |
| = | 0.0478 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
HudBay Return On Asset Comparison
HudBay Minerals is currently under evaluation in return on asset category among its peers.
HudBay Minerals Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in HudBay Minerals, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HudBay Minerals will eventually generate negative long term returns. The profitability progress is the general direction of HudBay Minerals' change in net profit over the period of time. It can combine multiple indicators of HudBay Minerals, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 30.2 M | 31.7 M | |
| Operating Income | 297.2 M | 312 M | |
| Income Before Tax | 151.8 M | 159.4 M | |
| Total Other Income Expense Net | -41.3 M | -43.4 M | |
| Net Income | 69.5 M | 73 M | |
| Income Tax Expense | 82.3 M | 86.4 M | |
| Net Income From Continuing Ops | 69.5 M | 73 M | |
| Net Income Applicable To Common Shares | 63.3 M | 66.5 M | |
| Interest Income | 8.1 M | 7.7 M | |
| Net Interest Income | -108.8 M | -114.2 M | |
| Change To Netincome | -48.6 M | -46.2 M | |
| Net Income Per Share | 0.21 | 0.22 | |
| Income Quality | 6.12 | 6.42 | |
| Net Income Per E B T | 0.44 | 0.73 |
HudBay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HudBay Minerals. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of HudBay Minerals position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the HudBay Minerals' important profitability drivers and their relationship over time.
Use HudBay Minerals in pair-trading
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.HudBay Minerals Pair Trading
HudBay Minerals Pair Trading Analysis
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.Use Investing Themes to Complement your HudBay Minerals position
In addition to having HudBay Minerals in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Risk vs Return Analysis. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project HudBay Minerals' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of HudBay Minerals at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include HudBay Minerals' income statement, its balance sheet, and the statement of cash flows.