Hecla Mining Co

Industrials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
www.hecla.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.08B
PE 44
Debt $33.61M
Cash $23.67M
EV $3.09B
FCF $15.93M

Earnings

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Sales & Net Margins

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Earnings	$69.88M
EBIT	$153.57M
ROE	3%
ROA	5%
FCF	$15.93M
Equity	$2.07B
Growth Stability	-2K%
PE	44.15
PEG	11.44
PB	1.49
P/FCF	193.66
P/S	3.08
Price/Cash	0.01
Debt/Equity	0.02
Debt/FCF	2.11
Net Margins	11%
Gross Margins	25%
Op. Margins	15%
Earnings CAGR	-1%
Sales Growth YoY	38%
Sales Growth QoQ	5%
Sales CAGR	5%
FCF CAGR	-0%
Equity CAGR	4%
Earnings Stability	0.01
Earnings Growth YoY	-588%
Earnings Growth QoQ	144%

Earnings CAGR 5Y	4%
Sales CAGR 5Y	3%
FCF CAGR 5Y	-13%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
Equity CAGR 3Y	3%
Market Cap	$3.08B
Revenue	$1.00B
Dividend Yield	1%
Payout Ratio	34%
Assets	$3.02B
Total Debt	$33.61M
Cash	$23.67M
Shares Outstanding	632.05M
EV	3.09B
Earnings Score	6%
Moat Score	62%
Safety Score	63%
Final Score	44%
Working Capital	73.59M
Current Ratio	1.43
Gross Profit	$253.05M
Shares Growth 3y	6%
Equity Growth QoQ	2%
Equity Growth YoY	6%

Assets & ROA

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Stockholders Equity & ROE

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Hecla Mining Co produces and explores silver, gold, lead, and zinc. Its main silver mines include Idaho-based Lucky Friday and Greens Creek in Alaska. Hecla acquired 100% of the Greens Creek from Rio Tinto in April 2008, after holding a 29% interest for 20 years. The acquisition doubled the company's silver production. The operating business segments are the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit, the San Sebastian unit, and the Nevada Operations unit.

SEC Filings

Direct access to Hecla Mining Co (HL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Hecla Mining Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Hecla Mining Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -1%

Stability 1%

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Hecla Mining Co Discounted Cash Flow

Fully customizable DCF calculator online for Hecla Mining Co.

Years

Calculation mode

= $158M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$16M	$16M	$16M	$16M	$16M	$16M	$16M	$16M	$16M	$16M	$16M	$157M
DCF		$14M	$13M	$12M	$11M	$9.8M	$8.9M	$8.1M	$7.4M	$6.7M	$6.1M	$61M
Value	$158M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-20%	11%	-4%	-5%	-15%	-3%	4%	-5%	-12%	4%	11%
ROA	-	5%	3%	0%	-2%	2%	3%	0%	-1%	4%	5%
ROE	-	5%	-2%	-2%	-6%	-1%	2%	-2%	-4%	2%	3%

Good Net Margins (10.99%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	8.38	28.5	-12.66	-941.91	-	-	-	-0	8.9	2.11
Debt over Equity	0.38	0.34	0.34	0.32	0.31	-	-	-	0	0.02	0.02
Growth Stability	-	-	-	-	-2K%	-	-	-	-	-	-2K%

Neutral Debt/FCF ratio (2.11)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.02)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-2K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	46%	-11%	-2%	19%	3%	17%	-11%	0%	29%	3%
Earnings YoY growth	-	-179%	-135%	13%	269%	-83%	-299%	-210%	124%	-142%	4%
Equity YoY growth	-	11%	0%	14%	0%	1%	3%	12%	-1%	4%	5%
FCF YoY growth	-	-295%	-71%	-339%	-99%	-16K%	24%	-153%	149%	-103%	-13%