HBM vs LZM vs SBSW Stock Comparison

Hudbay Minerals, Lifezone Metals and Sibanye Stillwater Prices as of Oct 29, 2026 Peers: Industry group
HBM Hudbay Minerals Inc.
$23.35 -13.6% 1M +43.9% 1Y
Market cap
$8.64B
P/E
12.6x
Revenue (TTM)
$2.47B
Div. yield
0.00%
Copper Basic Materials
6 wins
LZM Lifezone Metals Ltd
$3.65 -5.4% 1M -26.9% 1Y
Market cap
$312.26M
P/E
–
Revenue (TTM)
$1.00M
Div. yield
–
Copper Basic Materials
1 win
SBSW Sibanye Stillwater Ltd
$9.23 -9.2% 1M -14.1% 1Y
Market cap
$6.22B
P/E
–
Revenue (TTM)
—
Div. yield
–
Platinum and Palladium Basic Materials
1 win

Head to Head

8 decided of 12

Hudbay Minerals leads on 6 of the 12 questions below (Hudbay Minerals 6, Sibanye Stillwater 1, Lifezone Metals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHBMLZMSBSWLeader
Larger companyMarket capitalisation $8.64B $312.26M $6.22B HBM
Cheaper on earningsLower P/E, profitable companies only 12.6x -10.4x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.8x — 4.1x SBSW
Faster revenue growthRevenue growth, trailing twelve months +12.1% +62.4% — LZM
More profitableNet margin, trailing twelve months 27.7% -2,979.5% — HBM
Better return on capitalReturn on invested capital 12.6% — — –
Less leveragedLower net debt / EBITDA 0.1x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +43.9% -26.9% -14.1% HBM
Better 5-year returnAnnualised price return, 5 years +27.4%/yr — -8.3%/yr HBM
Less volatileAnnualised volatility, 1 year 62.6% 79.5% 65.0% HBM
Higher overall scoreMean of the five percentile scores vs peers 70/100 37/100 — HBM

Percentile Scorecard

HBMLZMSBSW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHBMLZMSBSW
Valuation 82 #31 of 163 10 #147 of 163 –
Growth 90 #16 of 148 52 #71 of 148 –
Profitability 88 #16 of 123 12 #108 of 123 –
Financial Health 48 #86 of 164 15 #140 of 164 –
Shareholder Returns 44 #61 of 108 94 #8 of 108 100 #1 of 108
Overall 70 37 –
  • HBM ranked among 176 companies in Metals and Mining
  • LZM ranked among 176 companies in Metals and Mining
  • SBSW ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHBMLZMSBSWSPY
1 month -13.6%-5.4%-9.2% +0.7%
3 months +2.7%+10.6%+1.5% +3.7%
6 months +1.0%-33.4%-23.2% +7.1%
Year to date +17.6%-14.5%-35.2% +12.8%
1 year +43.9%-26.9%-14.1% +11.9%
3 years +439.3%-61.0%+77.8% +85.2%
3 years, per year +75.4%-26.9%+21.2% +22.8%
5 years +235.5%—-35.0% +67.6%
5 years, per year +27.4%—-8.3% +10.9%
10 years +469.5%—-10.9% +262.0%
10 years, per year +19.0%—-1.1% +13.7%

Risk

MeasureHBMLZMSBSWSPY
Volatility, 1Y 62.6%79.5%65.0% 12.7%
Downside volatility, 1Y 67.2%79.8%66.2% 12.6%
Beta vs S&P 500, 1Y 2.762.692.65 1.00
Return / volatility, 1Y 0.70-0.34-0.22 0.94
Max drawdown, 5Y -63.3%-82.1%-84.4% -25.4%
From 52-week high -26.7%-38.8%-56.3% -1.2%
52-week high $31.87$5.96$21.12 $779.14
52-week low $14.58$3.01$8.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHBMLZMSBSW
P/E now vs peer median 13.5xmedian 13.2x -9.7xmedian 13.2x —median 13.2x
P/S now vs peer median 3.7xmedian 3.1x 310.8xmedian 3.1x —median 3.1x
EV/EBITDA now vs peer median 6.2xmedian 7.2x -14.7xmedian 7.2x —median 7.2x
P/FCF now vs peer median 10.5xmedian 15.2x -4.5xmedian 15.2x —median 15.2x
P/B now vs peer median 1.9xmedian 2.2x 3.5xmedian 2.2x —median 2.2x
PEG now vs peer median 0.04median 0.30 -0.16median 0.30 —median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHBMLZMSBSW
Revenue $2.47B $1.00M –
Gross profit $972.40M $70.01M –
Operating income $1.10B -$21.48M –
Net income $680.00M -$30.18M –
Free cash flow $880.20M -$68.77M –
R&D $58.40M – –
EPS (diluted) $1.72 $-0.35 –
Cash & equivalents $890.90M $22.17M –
Total debt $3.67B – $2.24B
Shares (diluted) 396.65M 85.97M 707.64M
Enterprise value $5.49B $220.14M $6.22B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHBMLZMSBSW
P/E 13.5x -9.7x –
P/FCF 10.5x -4.5x –
P/Operating cash flow 10.5x -19.7x –
P/S 3.7x 310.8x –
P/B 1.9x 3.5x –
P/Tangible book 1.9x 3.5x –
EV/EBITDA 6.2x -14.7x –
EV/EBIT 8.5x -13.5x –
EV/Revenue 3.8x 288.7x –
EV/FCF 10.7x -4.2x –
EV/Operating cash flow 10.7x -18.3x –
PEG (3Y EPS CAGR) 0.04 -0.16 –

Growth

14 metrics
MetricHBMLZMSBSW
Revenue growth (1Y) 12.1% 62.4% –
Revenue CAGR (3Y) 24.6% -24.6% –
Gross profit growth (1Y) 32.8% -37.0% –
Gross profit CAGR (3Y) 71.9% – –
Operating income growth (1Y) 89.3% -16.0% –
Operating income CAGR (3Y) 126.5% 61.5% –
Net income growth (1Y) 139.9% -6.4% –
Net income CAGR (3Y) 410.6% 56.9% –
EPS growth (1Y) 122.6% -4.4% –
EPS CAGR (3Y) 346.8% 61.3% –
Operating cash flow growth (1Y) 1.5% 49.0% –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) 2,912% -37.7% –
Free cash flow CAGR (3Y) 115.3% – –

Profitability

14 metrics
MetricHBMLZMSBSW
Gross margin 39.4% 6,972% –
EBITDA margin 61.9% -1,964% –
Operating margin 44.7% -2,139% –
Pretax margin 47.3% -3,028% –
Net margin 27.7% -2,980% –
FCF margin 35.7% -6,848% –
Operating cash flow margin 35.6% -1,575% –
Return on equity 16.3% -33.0% –
Return on assets 43.1% -14.6% –
Return on invested capital 12.6% – –
Return on capital employed – -14.5% –
Asset turnover 1.6x 0.0x –
Cash conversion (OCF / net income) 1.3x 0.5x –
Stock comp / revenue 3.3% – –

Financial Health

11 metrics
MetricHBMLZMSBSW
Debt / assets 78.4% – –
Debt / equity 0.2x – –
Net debt / EBITDA 0.1x – –
Debt / FCF 1.3x – –
Liabilities / assets -231.7% 56.7% –
Equity / assets 331.7% 43.3% –
Interest coverage 14.9x -2.1x –
Current ratio – 0.5x –
Quick ratio – 0.4x –
Cash ratio – 0.4x –
Altman Z-score – -2.22 –

Shareholder Returns

7 metrics
MetricHBMLZMSBSW
Dividend yield 0.1% – 8.7%
Net buyback yield -0.3% 3.3% –
Shareholder yield -0.2% 3.3% 8.7%
Payout ratio (earnings) 1.3% – –
Payout ratio (FCF) 1.0% – –
Dividend growth (1Y) -260.4% – –
Dividend CAGR (3Y) -59.0% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHBMLZMSBSW
Forward P/E 15.8xFY2026 – 4.1xFY2026
EPS, next fiscal year $1.48FY2026 $-0.31FY2026 $2.23FY2026
EPS growth, next FY +120.9%FY2026 – –
EPS growth, the year after +27.7% – -9.4%
Revenue, next fiscal year $3.05BFY2026 $1.57MFY2026 $10.54BFY2026
Revenue growth, next FY +37.8%FY2026 +45.8%FY2026 +30.5%FY2026
Revenue growth, the year after +18.9% -11.3% +8.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHBMLZMSBSW
Held by institutions 83.1% 29.5% 18.3%
Institutions holding 319 90 256
Change in shares held, QoQ +10.9% +9.5% -6.9%
Institutions buying 200 63 127
Institutions selling 82 17 90
Buyers to sellers 2.44 3.71 1.41

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HBMLZMSBSW
HBM 1.00 0.49 0.76
LZM 0.49 1.00 0.45
SBSW 0.76 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HBM, LZM and SBSW?

Hudbay Minerals (HBM) is the largest by market capitalisation: Hudbay Minerals (HBM) $8.64B, Lifezone Metals (LZM) $312.26M, Sibanye Stillwater (SBSW) $6.22B.

Which company is growing faster?

Lifezone Metals (LZM) grew revenue fastest over the trailing twelve months: Hudbay Minerals (HBM) +12.1%, Lifezone Metals (LZM) +62.4%.

Which company is more profitable?

Hudbay Minerals (HBM) has the highest net margin (Hudbay Minerals (HBM) 27.7%, Lifezone Metals (LZM) -2,979.5%).

Which stock has performed better?

Over the past year Hudbay Minerals (HBM) returned the most: Hudbay Minerals (HBM) +43.9%, Lifezone Metals (LZM) -26.9%, Sibanye Stillwater (SBSW) -14.1%. Over five years, Hudbay Minerals (HBM) compounded fastest (Hudbay Minerals (HBM) +27.4%/yr, Sibanye Stillwater (SBSW) -8.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Hudbay Minerals (HBM) has been the steadiest (Hudbay Minerals (HBM) 62.6%, Lifezone Metals (LZM) 79.5%, Sibanye Stillwater (SBSW) 65.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HBM, LZM and SBSW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Hudbay Minerals (HBM) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.