WallStSmart

Ero Copper Corp (ERO)vsHudbay Minerals Inc. (HBM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Hudbay Minerals Inc. generates 181% more annual revenue ($2.21B vs $785.84M). ERO leads profitability with a 33.6% profit margin vs 25.7%. ERO trades at a lower P/E of 10.6x. HBM earns a higher WallStSmart Score of 75/100 (B).

ERO

Strong Buy

68

out of 100

Grade: B-

Growth: 7.3Profit: 9.5Value: 5.7Quality: 5.0

HBM

Strong Buy

75

out of 100

Grade: B

Growth: 8.7Profit: 8.5Value: 10.0Quality: 5.0
Piotroski: 2/9Altman Z: 1.39
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EROSignificantly Overvalued (-83.1%)

Margin of Safety

-83.1%

Fair Value

$17.20

Current Price

$23.59

$6.39 premium

UndervaluedFair: $17.20Overvalued
HBMUndervalued (+60.8%)

Margin of Safety

+60.8%

Fair Value

$67.39

Current Price

$18.08

$49.31 discount

UndervaluedFair: $67.39Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ERO6 strengths · Avg: 9.7/10
P/E RatioValuation
10.6x10/10

Attractively priced relative to earnings

Return on EquityProfitability
34.9%10/10

Every $100 of equity generates 35 in profit

Profit MarginProfitability
33.6%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
43.6%10/10

Strong operational efficiency at 43.6%

Revenue GrowthGrowth
161.3%10/10

Revenue surging 161.3% year-over-year

Price/BookValuation
2.6x8/10

Reasonable price relative to book value

HBM6 strengths · Avg: 8.5/10
EPS GrowthGrowth
545.0%10/10

Earnings expanding 545.0% YoY

Profit MarginProfitability
25.7%9/10

Keeps 26 of every $100 in revenue as profit

P/E RatioValuation
14.7x8/10

Attractively priced relative to earnings

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Operating MarginProfitability
29.8%8/10

Strong operational efficiency at 29.8%

Revenue GrowthGrowth
25.3%8/10

Revenue surging 25.3% year-over-year

Areas to Watch

ERO1 concerns · Avg: 2.0/10
EPS GrowthGrowth
-11.0%2/10

Earnings declined 11.0%

HBM3 concerns · Avg: 3.0/10
PEG RatioValuation
2.094/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Altman Z-ScoreHealth
1.392/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ERO

The strongest argument for ERO centers on P/E Ratio, Return on Equity, Profit Margin. Profitability is solid with margins at 33.6% and operating margin at 43.6%. Revenue growth of 161.3% demonstrates continued momentum.

Bull Case : HBM

The strongest argument for HBM centers on EPS Growth, Profit Margin, P/E Ratio. Profitability is solid with margins at 25.7% and operating margin at 29.8%. Revenue growth of 25.3% demonstrates continued momentum.

Bear Case : ERO

The primary concerns for ERO are EPS Growth.

Bear Case : HBM

The primary concerns for HBM are PEG Ratio, Piotroski F-Score, Altman Z-Score.

Key Dynamics to Monitor

HBM carries more volatility with a beta of 2.03 — expect wider price swings.

ERO is growing revenue faster at 161.3% — sustainability is the question.

ERO generates stronger free cash flow (58M), providing more financial flexibility.

Monitor COPPER industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HBM scores higher overall (75/100 vs 68/100), backed by strong 25.7% margins and 25.3% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Ero Copper Corp

BASIC MATERIALS · COPPER · USA

Ero Copper Corp. The company is headquartered in Vancouver, Canada.

Hudbay Minerals Inc.

BASIC MATERIALS · COPPER · USA

Hudbay Minerals Inc., a diversified mining company, focuses on the discovery, production and marketing of base and precious metals in North and South America. The company is headquartered in Toronto, Canada.

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