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Hudbay MineralsFRA:OCKA -2.41%77 3-Year ROIIC % is 6.91 as of Dec. 2025, which is 89% below its 10-year median of 60.81. GuruFocus rates FRA:OCKA with a GF Score™ of 77/100 and a GF Value™ of €8.30 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,307 Metals & Mining companies, Hudbay Minerals ranks better than 64.63% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Hudbay Minerals's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 6.91%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Hudbay Minerals's 3-Year ROIIC % or its related term are showing as below:
FRA:OCKA's 3-Year ROIIC % is ranked better than 64.63% of 2307
companies
in the Metals & Mining industry
Industry Median: -2.53
vs FRA:OCKA: 6.91
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Hudbay Minerals 3-Year ROIIC % Related Terms
Hudbay Minerals 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Hudbay Minerals's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Copper subindustry, Hudbay Minerals's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hudbay Minerals 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hudbay Minerals's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Hudbay Minerals's 3-Year ROIIC % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Hudbay Minerals (FRA:OCKA) has a 3-Year ROIIC % of 6.91 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hudbay Minerals and its competitors. This is 89% below median its historical median of 60.81. According to the industry distribution chart, Hudbay Minerals ranks #816 out of 2307 companies in the Metals & Mining industry, placing it in the top 35.4%.
Is Hudbay Minerals' 3-Year ROIIC % too high?
Hudbay Minerals' current 3-Year ROIIC % of 6.91 is 89% below median its 10-year median of 60.81. Based on the distribution chart, Hudbay Minerals ranks #816 out of 2307 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Hudbay Minerals has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hudbay Minerals' 3-Year ROIIC % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Hudbay Minerals ranks #816 out of 2307 companies for 3-Year ROIIC %. This puts Hudbay Minerals in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Hudbay Minerals and its competitors. Hudbay Minerals's current 3-Year ROIIC % is 6.91, which is 89% below median its own 10-year median of 60.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudbay Minerals stock overvalued right now?
Based on GuruFocus' analysis, Hudbay Minerals (FRA:OCKA) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.30, compared to a current price of €18.24 — trading 119.8% above its estimated fair value. The current 3-Year ROIIC % is 6.91, which is 89% below median its 10-year median of 60.81. Hudbay Minerals' overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Hudbay Minerals (FRA:OCKA), the current 3-Year ROIIC % is 6.91 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hudbay Minerals (FRA:OCKA) Overvalued in 2026?
Based on GuruFocus' analysis, Hudbay Minerals stock appears to be overvalued.
The current stock price of €18.24 is trading 119.8% above its estimated GF Value™ of €8.30.
GuruFocus considers Hudbay Minerals to be Significantly Overvalued.
Key valuation signals for FRA:OCKA:
3-Year ROIIC %: 6.91 (89% below median its 10-year median of 60.81)
GF Value™: €8.30 vs. price of €18.24 (119.8% above fair value)
No single metric tells the full story. See the FRA:OCKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudbay Minerals Inc is a copper-focused critical minerals company with three long-life operations and a pipeline of copper growth projects in Canada, Peru, and the United States. Its operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada), and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by gold, zinc, silver, and molybdenum production. Hudbay's growth pipeline includes the Copper World project and the Mason project in the USA, and the Llaguen project in Peru. The company's reportable segments are: Peru, which generates the maximum revenue, Manitoba, British Columbia, and Arizona. Geographically, it generates maximum revenue from China and Canada.
77GF Score
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