Is HBM or LAC more undervalued in 2026?

CirclFi compares Hudbay Minerals Inc. (HBM) and Lithium Americas Corp. (LAC) using 13 institutional-grade valuation models. HBM has a Quality of Company score of 2.2/10 while LAC scores 5.0/10.

Which is a better buy — HBM or LAC?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HBM and LAC valuations compare?

HBM at $29.16 and LAC at $5.21 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HBM vs LAC Valuation Comparison 2026 — Intrinsic Value Analysis

HBM

Metal Mining

Hudbay Minerals Inc.

Quality

2.2

out of 10

Value Trap

SAFE

Price

$29.16

Last close

Models

13/13

Active

LAC

Metal Mining

Lithium Americas Corp.

Quality

5.0

out of 10

Value Trap

SAFE

Price

$5.21

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	HBM Fair Value	HBM Upside	LAC Fair Value	LAC Upside
Bayesian DCF	Intrinsic	$10.06	-65.5%	$1.52	-70.8%
Earnings Power Value	Intrinsic	$10.60	-55.8%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$4.45	-84.7%	$1.14	-78.2%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HBM vs LAC — Which Stock Is More Undervalued?

LAC scores higher with a 5.0/10 quality rating vs HBM's 2.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Hudbay Minerals Inc. (HBM) and Lithium Americas Corp. (LAC) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HBM currently trades at $29.16 with a QOC of 2.2/10, while LAC trades at $5.21 with a QOC of 5.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).