COMPARE · Data as of August 21, 2026
FSM vs HBM
Verdict: Side-by-side breakdown using the Bull Rankings model. FSM scored 70.2, HBM scored 64.8 — FSM leads.
Compare another set
FSM
Fortuna Mining Corp.
70.2
$12.07 · $3.6B
fundamentals as of
Score gap
5.4
FSM leads
HBM
Hudbay Minerals Inc.
64.8
$30.06 · $13.4B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestFSM10.1x
- Fastest growthFSM+39.8%
- Strongest balance sheetFSM0.13
- Highest qualityFSM82 / 100
- Largest discount to fair valueFSM-55%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
FSM
stronger →← stronger
HBM
82
Qualityreturns · margins · balance sheet
76
50
Growthrevenue & earnings expansion
50
84
Valuevaluation vs sector peers
72
FSM is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
FSM
HBM
$613mC+
FCF
$241mC
+39.8%A
Rev
+9.4%B
0.13A-
D/E
0.20B+
10.1xA
P/E
18.4xB+
0.44A
PEG
0.60A-
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
FSM
HBM
55% below
Price vs fair valuelower is cheaper
312% above
~-7%/yr
Growth the price implies10-yr FCF · lower = less priced in
~57%/yr
+75%
1-yr DCF upside
-81%
+121%
5-yr DCF upside
-76%
+201%
10-yr DCF upside
-66%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
FSM
Why this score
- Cyclical growth
HBM
Why this score
- Cyclical growth
The companies
FSMFortuna Mining Corp.
Why now
Gold · market cap $3.6b. 13% off the 52-week high of $13.85. Revenue growing +40% — in hypergrowth territory. PEG 0.44 — paying under fair value for the growth rate.
Moat
Net margin 33% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 18% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 197% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Beta 2.12 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
HBMHudbay Minerals Inc.
Why now
Copper · market cap $13.4b. 7% off the 52-week high of $32.15. PEG 0.60 — paying under fair value for the growth rate. 6 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $32.60 (implying +8% upside).
Moat
Net margin 26% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 17% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
Beta 2.27 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Hedge-book exposure — many commodity producers hedge forward production; if the hedge book is concentrated at prices well below spot, the upside the market expects is already locked away.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where FSM and HBM diverge
On the headline score the gap is 5.4 points in favor of FSM. The widest single difference is Value, where FSM leads by 12.3 points.
- ValueFSM 83.9 · HBM 71.6FSM +12.3
- QualityFSM 82.5 · HBM 76.1FSM +6.4
- GrowthFSM 50.0 · HBM 50.0level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.