HudBay Minerals Inc (HBM) - Net Assets
Based on the latest financial reports, HudBay Minerals Inc (HBM) has net assets worth CA$4.00 Billion CAD (≈ $2.89 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.90 Billion ≈ $4.99 Billion USD) and total liabilities (CA$2.90 Billion ≈ $2.10 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore HBM total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.00 Billion |
| % of Total Assets | 57.94% |
| Annual Growth Rate | 26.62% |
| 5-Year Change | 118.38% |
| 10-Year Change | 82.91% |
| Growth Volatility | 293.55 |
HudBay Minerals Inc - Net Assets Trend (1997–2025)
This chart illustrates how HudBay Minerals Inc's net assets have evolved over time, based on quarterly financial data. Check HBM goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for HudBay Minerals Inc (1997–2025)
The table below shows the annual net assets of HudBay Minerals Inc from 1997 to 2025. For live valuation and market cap data, see HudBay Minerals Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$3.23 Billion ≈ $2.33 Billion |
+21.82% |
| 2024-12-31 | CA$2.65 Billion ≈ $1.92 Billion |
+19.96% |
| 2023-12-31 | CA$2.21 Billion ≈ $1.60 Billion |
+40.40% |
| 2022-12-31 | CA$1.57 Billion ≈ $1.14 Billion |
+6.43% |
| 2021-12-31 | CA$1.48 Billion ≈ $1.07 Billion |
-13.12% |
| 2020-12-31 | CA$1.70 Billion ≈ $1.23 Billion |
-8.03% |
| 2019-12-31 | CA$1.85 Billion ≈ $1.34 Billion |
-15.18% |
| 2018-12-31 | CA$2.18 Billion ≈ $1.58 Billion |
+1.61% |
| 2017-12-31 | CA$2.14 Billion ≈ $1.55 Billion |
+21.61% |
| 2016-12-31 | CA$1.76 Billion ≈ $1.28 Billion |
-1.35% |
| 2015-12-31 | CA$1.79 Billion ≈ $1.29 Billion |
-15.20% |
| 2014-12-31 | CA$2.11 Billion ≈ $1.52 Billion |
+37.87% |
| 2013-12-31 | CA$1.53 Billion ≈ $1.11 Billion |
-13.52% |
| 2012-12-31 | CA$1.77 Billion ≈ $1.28 Billion |
-0.59% |
| 2011-12-31 | CA$1.78 Billion ≈ $1.29 Billion |
+1.68% |
| 2010-12-31 | CA$1.75 Billion ≈ $1.26 Billion |
+7.48% |
| 2009-12-31 | CA$1.63 Billion ≈ $1.18 Billion |
+27.03% |
| 2008-12-31 | CA$1.28 Billion ≈ $926.49 Million |
+6.47% |
| 2007-12-31 | CA$1.20 Billion ≈ $870.16 Million |
+45.41% |
| 2006-12-31 | CA$827.22 Million ≈ $598.40 Million |
+267.78% |
| 2005-12-31 | CA$224.92 Million ≈ $162.71 Million |
+77.00% |
| 2004-12-31 | CA$127.08 Million ≈ $91.93 Million |
+1561.86% |
| 2003-12-31 | CA$7.65 Million ≈ $5.53 Million |
+259.20% |
| 2002-12-31 | CA$2.13 Million ≈ $1.54 Million |
+103.39% |
| 2001-12-31 | CA$1.05 Million ≈ $757.16K |
-59.50% |
| 2000-12-31 | CA$2.58 Million ≈ $1.87 Million |
-43.46% |
| 1999-12-31 | CA$4.57 Million ≈ $3.31 Million |
+12.63% |
| 1998-12-31 | CA$4.06 Million ≈ $2.94 Million |
-6.78% |
| 1997-12-31 | CA$4.35 Million ≈ $3.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HudBay Minerals Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 46295565991.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$459.66 Million | 14.25% |
| Common Stock | CA$2.66 Billion | 82.58% |
| Other Comprehensive Income | CA$102.11 Million | 3.17% |
| Total Equity | CA$3.23 Billion | 100.00% |
HudBay Minerals Inc Competitors by Market Cap
The table below lists competitors of HudBay Minerals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Charles River Laboratories
NYSE:CRL
|
$9.14 Billion |
|
Jyske Bank A/S
CO:JYSK
|
$9.15 Billion |
|
TORAY INDUSTRIES ADR/2
F:6HK
|
$9.16 Billion |
|
Brixmor Property
NYSE:BRX
|
$9.16 Billion |
|
ALSTOM S.A. UNSP.ADR 1/10
F:AOMU
|
$9.13 Billion |
|
CITIC Securities Company Limited
F:CI9
|
$9.13 Billion |
|
Nuvalent Inc
NASDAQ:NUVL
|
$9.12 Billion |
|
Indra A
MC:IDR
|
$9.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HudBay Minerals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,553,200,000 to 3,225,120,064, a change of 671,920,064 (26.3%).
- Net income of 578,451,895 contributed positively to equity growth.
- Dividend payments of 5,698,030 reduced retained earnings.
- Share repurchases of 29,900,000 reduced equity.
- New share issuances of 26,800,000 increased equity.
- Other comprehensive income increased equity by 87,813,829.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$578.45 Million | +17.94% |
| Dividends Paid | CA$5.70 Million | -0.18% |
| Share Repurchases | CA$29.90 Million | -0.93% |
| Share Issuances | CA$26.80 Million | +0.83% |
| Other Comprehensive Income | CA$87.81 Million | +2.72% |
| Other Changes | CA$14.45 Million | +0.45% |
| Total Change | CA$- | 26.32% |
Book Value vs Market Value Analysis
This analysis compares HudBay Minerals Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.91x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.12x to 3.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$6.21 | CA$31.81 | x |
| 1998-12-31 | CA$5.07 | CA$31.81 | x |
| 1999-12-31 | CA$4.91 | CA$31.81 | x |
| 2000-12-31 | CA$2.22 | CA$31.81 | x |
| 2001-12-31 | CA$0.89 | CA$31.81 | x |
| 2002-12-31 | CA$0.72 | CA$31.81 | x |
| 2003-12-31 | CA$1.75 | CA$31.81 | x |
| 2004-12-31 | CA$14.29 | CA$31.81 | x |
| 2005-12-31 | CA$2.65 | CA$31.81 | x |
| 2006-12-31 | CA$6.87 | CA$31.81 | x |
| 2007-12-31 | CA$9.36 | CA$31.81 | x |
| 2008-12-31 | CA$9.37 | CA$31.81 | x |
| 2009-12-31 | CA$10.55 | CA$31.81 | x |
| 2010-12-31 | CA$11.49 | CA$31.81 | x |
| 2011-12-31 | CA$10.58 | CA$31.81 | x |
| 2012-12-31 | CA$10.28 | CA$31.81 | x |
| 2013-12-31 | CA$8.93 | CA$31.81 | x |
| 2014-12-31 | CA$10.05 | CA$31.81 | x |
| 2015-12-31 | CA$7.62 | CA$31.81 | x |
| 2016-12-31 | CA$7.48 | CA$31.81 | x |
| 2017-12-31 | CA$8.81 | CA$31.81 | x |
| 2018-12-31 | CA$8.34 | CA$31.81 | x |
| 2019-12-31 | CA$7.07 | CA$31.81 | x |
| 2020-12-31 | CA$6.51 | CA$31.81 | x |
| 2021-12-31 | CA$5.65 | CA$31.81 | x |
| 2022-12-31 | CA$5.99 | CA$31.81 | x |
| 2023-12-31 | CA$6.74 | CA$31.81 | x |
| 2024-12-31 | CA$6.77 | CA$31.81 | x |
| 2025-12-31 | CA$8.13 | CA$31.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HudBay Minerals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.94%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.28%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.93x
- Recent ROE (17.94%) is above the historical average (-15.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -58.47% | 0.00% | 0.00x | 1.33x | CA$-2.98 Million |
| 1998 | -5.04% | -55858.41% | 0.00x | 1.37x | CA$-610.17K |
| 1999 | -25.01% | -7882758.62% | 0.00x | 1.12x | CA$-1.60 Million |
| 2000 | -87.67% | -905950.04% | 0.00x | 1.23x | CA$-2.52 Million |
| 2001 | -274.96% | -468958.77% | 0.00x | 1.96x | CA$-2.98 Million |
| 2002 | -28.28% | -43216.08% | 0.00x | 1.29x | CA$-814.88K |
| 2003 | -51.79% | -67866.32% | 0.00x | 1.21x | CA$-4.72 Million |
| 2004 | -6.49% | -74.44% | 0.02x | 4.21x | CA$-20.96 Million |
| 2005 | 32.62% | 13.07% | 0.89x | 2.79x | CA$50.88 Million |
| 2006 | 58.49% | 49.95% | 0.86x | 1.37x | CA$401.14 Million |
| 2007 | 19.07% | 17.89% | 0.82x | 1.30x | CA$109.07 Million |
| 2008 | 4.71% | 7.47% | 0.51x | 1.23x | CA$-67.80 Million |
| 2009 | 6.62% | 15.65% | 0.35x | 1.19x | CA$-54.88 Million |
| 2010 | 1.21% | 2.70% | 0.36x | 1.25x | CA$-152.89 Million |
| 2011 | -8.49% | -17.28% | 0.36x | 1.35x | CA$-328.32 Million |
| 2012 | -1.18% | -2.96% | 0.20x | 1.98x | CA$-197.70 Million |
| 2013 | -6.20% | -19.61% | 0.13x | 2.35x | CA$-248.80 Million |
| 2014 | 3.10% | 13.55% | 0.10x | 2.30x | CA$-145.42 Million |
| 2015 | -18.54% | -37.41% | 0.20x | 2.51x | CA$-510.16 Million |
| 2016 | -2.00% | -3.12% | 0.25x | 2.53x | CA$-211.51 Million |
| 2017 | 6.51% | 10.25% | 0.29x | 2.17x | CA$-74.73 Million |
| 2018 | 3.92% | 5.80% | 0.31x | 2.15x | CA$-132.47 Million |
| 2019 | -18.60% | -27.78% | 0.28x | 2.41x | CA$-528.62 Million |
| 2020 | -8.51% | -13.24% | 0.23x | 2.75x | CA$-314.56 Million |
| 2021 | -16.55% | -16.27% | 0.33x | 3.13x | CA$-392.04 Million |
| 2022 | 4.48% | 4.82% | 0.34x | 2.75x | CA$-86.80 Million |
| 2023 | 3.17% | 3.93% | 0.32x | 2.53x | CA$-143.31 Million |
| 2024 | 3.00% | 3.79% | 0.37x | 2.15x | CA$-178.62 Million |
| 2025 | 17.94% | 26.28% | 0.35x | 1.93x | CA$255.94 Million |
Industry Comparison
This section compares HudBay Minerals Inc's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $1,171,266,111
- Average return on equity (ROE) among peers: -21.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HudBay Minerals Inc (HBM) | CA$4.00 Billion | -58.47% | 0.73x | $9.14 Billion |
| Amerigo Resources Ltd. (ARG) | $121.74 Million | 0.82% | 0.53x | $788.91 Million |
| Aranjin Resources Ltd (ARJN) | $1.99 Million | -52.54% | 1.43x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $6.99 Million | -106.74% | 1.57x | $652.36 Million |
| Bell Copper Corp (BCU) | $-306.67K | 0.00% | 0.00x | $7.33 Million |
| Capstone Mining Corp (CS) | $-126.38K | 0.00% | 0.00x | $7.35 Billion |
| Copper Fox Metals Inc. (CUU) | $39.91 Million | -9.73% | 0.14x | $227.17 Million |
| Element 29 Resources Inc (ECU) | $17.01 Million | -17.08% | 0.05x | $237.51 Million |
| Ero Copper Corp (ERO) | $24.37 Million | -18.34% | 12.05x | $2.84 Billion |
| Faraday Copper Corp. (FDY) | $7.09 Million | -21.39% | 0.06x | $1.11 Billion |
| First Quantum Minerals Ltd (FM) | $11.49 Billion | 7.24% | 1.20x | $23.28 Billion |
About HudBay Minerals Inc
Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver. It owns 100% interest in Copper Mountain mine located approximately 20 kilometers south of Princeton, British Columbia, in… Read more