` Comparison: HBM, RIO - Alpha Spread

HBM
vs
RIO

Over the past 12 months, HBM has significantly outperformed RIO, delivering a return of +81% compared to the RIO's +10% growth.

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HBM
RIO
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Valuation Comparison

HBM Intrinsic Value
29.14 CAD
Undervaluation 17%
Intrinsic Value
Price
RIO Intrinsic Value
166.63 AUD
Undervaluation 18%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Hudbay Minerals Inc
TSX:HBM
24.08 CAD
Rio Tinto Ltd
ASX:RIO
137.38 AUD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
HBM, RIO

HBM
RIO
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Hudbay Minerals Inc
Revenue
Rio Tinto Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
HBM, RIO

HBM
RIO
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Hudbay Minerals Inc
TSX:HBM
Rio Tinto Ltd
ASX:RIO
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What is Free Cash Flow?

Gross Margin

HBM
31.9%
RIO
0%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

Operating Margin

HBM
24.2%
RIO
25.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

Net Margin

HBM
22.4%
RIO
19.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

FCF Margin

HBM
15.3%
RIO
9.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

ROE

HBM
16.4%
RIO
18.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

ROA

HBM
8.1%
RIO
10.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

ROIC

HBM
6.1%
RIO
11.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

ROCE

HBM
10.1%
RIO
15.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Hudbay Minerals Inc
Rio Tinto Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
HBM, RIO

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Performance Gap
HBM, RIO

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HBM
RIO
Difference
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Performance By Year
HBM, RIO

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HBM
RIO
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