Executive Summary
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden.
Snowflake
Fundamentals
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Lundin Mining's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
5.3%
LUN
-1.9%
CA Metals and Mining
0.1%
CA Market
1 Year Return
24.3%
LUN
11.8%
CA Metals and Mining
1.6%
CA Market
Return vs Industry: LUN exceeded the Canadian Metals and Mining industry which returned 11.8% over the past year.
Return vs Market: LUN exceeded the Canadian Market which returned 1.6% over the past year.
Shareholder returns
| LUN | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.3% | -1.9% | 0.1% |
| 30 Day | 0.9% | -4.7% | -2.9% |
| 90 Day | -6.3% | -5.0% | -1.4% |
| 1 Year | 26.7%24.3% | 12.7%11.8% | 5.2%1.6% |
| 3 Year | 40.8%34.4% | -11.3%-13.0% | 13.8%3.7% |
| 5 Year | 38.6%32.3% | 6.9%2.8% | 25.3%7.2% |
Price Volatility Vs. Market
How volatile is Lundin Mining's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Do Institutions Own Lundin Mining Corporation (TSE:LUN) Shares?2 weeks ago | Simply Wall St
Should You Be Holding Lundin Mining Corporation (TSE:LUN)?1 month ago | Simply Wall St
A Closer Look At Lundin Mining Corporation's (TSE:LUN) Uninspiring ROEValuation
Is Lundin Mining undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: LUN (CA$6.8) is trading below our estimate of fair value (CA$23.09)
Significantly Undervalued: LUN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LUN is poor value based on its PE Ratio (47.7x) compared to the Metals and Mining industry average (13.6x).
PE vs Market: LUN is poor value based on its PE Ratio (47.7x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: LUN is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: LUN is good value based on its PB Ratio (1x) compared to the CA Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Lundin Mining forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
30.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LUN's forecast earnings growth (30.9% per year) is above the savings rate (1.9%).
Earnings vs Market: LUN's earnings (30.9% per year) are forecast to grow faster than the Canadian market (13.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LUN's revenue (12.3% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: LUN's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: LUN's Return on Equity is forecast to be low in 3 years time (10.5%).
Next Steps
Past Performance
How has Lundin Mining performed over the past 5 years?
23.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: LUN's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: LUN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LUN had negative earnings growth (-81.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-13.7%).
Return on Equity
High ROE: LUN's Return on Equity (2.2%) is considered low.
Return on Assets
ROA vs Industry: LUN's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: LUN's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Lundin Mining's financial position?
Financial Position Analysis
Short Term Liabilities: LUN's short term assets ($1.3B) exceeds its short term liabilities ($522.8M)
Long Term Liabilities: LUN's short term assets (1.3B) exceeds its long term liabilities (1.3B)
Debt to Equity History and Analysis
Debt Level: LUN's debt to equity ratio (0.8%) is considered satisfactory
Reducing Debt: LUN's debt to equity ratio has reduced from 8.4% to 0.8% over the past 5 years.
Debt Coverage: LUN's debt is well covered by operating cash flow (1290.7%).
Interest Coverage: LUN's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
Inventory Level: LUN has a high level of physical assets or inventory.
Debt Coverage by Assets: LUN's debt is covered by short term assets (assets are 37.123020x debt).
Next Steps
Dividend
What is Lundin Mining's current dividend yield, its reliability and sustainability?
1.74%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: LUN's dividend (1.74%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: LUN's dividend (1.74%) is low compared to the top 25% of dividend payers in the Canadian market (6.01%).
Stable Dividend: Whilst dividend payments have been stable, LUN has been paying a dividend for less than 10 years.
Growing Dividend: LUN's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81.3%), LUN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LUN's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).
Next Steps
Management
What is the CEO of Lundin Mining's salary, the management and board of directors tenure and is there insider trading?
1.1yrs
Average management tenure
CEO
Marie Inkster (47yo)
1yrs
Tenure
US$3,148,807
Compensation
Ms. Marie Inkster is President and Chief Executive Officer of Lundin Mining Corporation since October 1, 2018 and has been its Director since September 30, 2018. She was Chief Financial Officer of Lundin M ...
CEO Compensation Analysis
Compensation vs. Market: Marie has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Canadian market.
Compensation vs Earnings: Marie's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
1.1yrs
Average Tenure
58yo
Average Age
Experienced Management: LUN's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Age and Tenure
11.8yrs
Average Tenure
64.5yo
Average Age
Experienced Board: LUN's board of directors are seasoned and experienced ( 11.8 years average tenure).
Insider Trading
Insider Buying: LUN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Head of Investor Relations Senior Vice President of Corporate Development & Investor Relations |
| Shares | 20,000 |
| Max Price | US$5.95 |
| Entity | Company |
| Shares | 150,000 |
| Max Price | US$5.94 |
| Entity | Company |
| Shares | 400,000 |
| Max Price | US$5.84 |
| Entity | Company |
| Shares | 450,000 |
| Max Price | US$5.83 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,400 |
| Max Price | US$6.52 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 93,467 |
| Max Price | US$7.34 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Commercial |
| Shares | 14,000 |
| Max Price | US$6.82 |
| Entity | Individual |
| Role | Chief Technology Officer Vice President of Technical Services |
| Shares | 10,000 |
| Max Price | US$5.14 |
| Entity | Individual |
| Role | Head of Human Resources Senior VP & COO |
| Shares | 8,320 |
| Max Price | US$5.49 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 15,000 |
| Max Price | US$5.43 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 10,000 |
| Max Price | US$5.10 |
Ownership Breakdown
Management Team
Marie Inkster (47yo)
President
- Tenure: 1yrs
- Compensation: US$3.15m
Peter Rockandel
Senior Vice President of Corporate Development & Investor Relations
- Tenure: 1.1yrs
Steve Gatley (58yo)
Vice President of Technical Services
- Tenure: 7.3yrs
- Compensation: US$1.19m
J. Schauman (60yo)
Senior Vice President of Commercial
- Tenure: 0.8yrs
- Compensation: US$1.00m
Jinhee Magie
Senior VP & CFO
- Tenure: 1.1yrs
- Compensation: US$1.11m
Lesley Duncan
Special Project Manager
- Tenure: 0yrs
Annie Laurenson
Corporate Secretary
- Tenure: 1.5yrs
Andrew Hastings
Senior VP & General Counsel
- Tenure: 0.7yrs
Ciara Talbot
Vice President of Exploration
- Tenure: 1.6yrs
Jonas Peter Richardson
Senior VP & COO
- Tenure: 2.1yrs
- Compensation: US$1.58m
Board Members
Don Charter (63yo)
Director
- Tenure: 13yrs
- Compensation: US$135.08k
Lukas Lundin (61yo)
Chairman of the Board
- Tenure: 25.1yrs
- Compensation: US$200.69k
Bill Rand (77yo)
Lead Director
- Tenure: 11.8yrs
- Compensation: US$154.38k
John Craig (72yo)
Non-Independent Director
- Tenure: 16.3yrs
- Compensation: US$119.65k
Marie Inkster (47yo)
President
- Tenure: 1yrs
- Compensation: US$3.15m
Catherine Jean Stefan (66yo)
Director
- Tenure: 4.4yrs
- Compensation: US$135.08k
Dale Peniuk (60yo)
Director
- Tenure: 13yrs
- Compensation: US$138.94k
Peter Jones (71yo)
Director
- Tenure: 6.1yrs
- Compensation: US$131.22k
Jean-Claude Lalumiere
Senior Vice President of Human Resources
- Tenure: 1.6yrs
- Compensation: US$1.22m
Company Information
Lundin Mining Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lundin Mining Corporation
- Ticker: LUN
- Exchange: TSX
- Founded: 1994
- Industry: Copper
- Sector: Materials
- Market Cap: CA$4.995b
- Shares outstanding: 734.54m
- Website: https://www.lundinmining.com
Number of Employees
Location
- Lundin Mining Corporation
- 150 King Street West
- Suite 2200
- Toronto
- Ontario
- M5H 1J9
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LUN | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Nov 1994 |
| GXD | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1994 |
| LUNM.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 1994 |
| LUMIS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Nov 1994 |
| LUMI | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Nov 1994 |
| 0RQ9 | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Nov 1994 |
Biography
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primaril ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 23:55 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.