| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
LUN Stock Overview
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States.
Lundin Mining Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$8.48 |
| 52 Week High | CA$14.00 |
| 52 Week Low | CA$8.06 |
| Beta | 1.62 |
| 1 Month Change | -22.42% |
| 3 Month Change | -34.62% |
| 1 Year Change | -25.02% |
| 3 Year Change | 17.61% |
| 5 Year Change | 15.06% |
| Change since IPO | 371.12% |
Recent News & Updates
Shareholder Returns
| LUN | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | -9.8% | -4.8% | 0.3% |
| 1Y | -25.0% | -12.6% | -4.1% |
Return vs Industry: LUN underperformed the Canadian Metals and Mining industry which returned -12.6% over the past year.
Return vs Market: LUN underperformed the Canadian Market which returned -4.1% over the past year.
Price Volatility
| LUN volatility | |
|---|---|
| LUN Average Weekly Movement | 6.5% |
| Metals and Mining Industry Average Movement | 10.8% |
| Market Average Movement | 9.9% |
| 10% most volatile stocks in CA Market | 17.2% |
| 10% least volatile stocks in CA Market | 4.3% |
Stable Share Price: LUN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: LUN's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | 4,567 | Peter Rockandel | https://www.lundinmining.com |
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
Lundin Mining Fundamentals Summary
| LUN fundamental statistics | |
|---|---|
| Market Cap | US$5.12b |
| Earnings (TTM) | US$990.24m |
| Revenue (TTM) | US$3.64b |
5.2x
P/E Ratio1.4x
P/S RatioIs LUN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LUN income statement (TTM) | |
|---|---|
| Revenue | US$3.64b |
| Cost of Revenue | US$1.52b |
| Gross Profit | US$2.12b |
| Other Expenses | US$1.13b |
| Earnings | US$990.24m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 27, 2022
| Earnings per share (EPS) | 1.27 |
| Gross Margin | 58.34% |
| Net Profit Margin | 27.22% |
| Debt/Equity Ratio | 0.08% |
How did LUN perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield19%
Payout RatioValuation
Is LUN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LUN?
Other financial metrics that can be useful for relative valuation.
| What is LUN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$5.12b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 2.7x |
| PEG Ratio | -0.8x |
Price to Earnings Ratio vs Peers
How does LUN's PE Ratio compare to its peers?
| LUN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 8.8x |
Price-To-Earnings vs Peers: LUN is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (8.8x).
Price to Earnings Ratio vs Industry
How does LUN's PE Ratio compare vs other companies in the Canadian Metals and Mining Industry?
Price-To-Earnings vs Industry: LUN is good value based on its Price-To-Earnings Ratio (5.2x) compared to the Canadian Metals and Mining industry average (11x)
Price to Earnings Ratio vs Fair Ratio
What is LUN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 5.2x |
| Fair PE Ratio | 10x |
Price-To-Earnings vs Fair Ratio: LUN is good value based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (10x).
Share Price vs Fair Value
What is the Fair Price of LUN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: LUN (CA$8.48) is trading below our estimate of fair value (CA$73.85)
Significantly Below Fair Value: LUN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: LUN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is Lundin Mining forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-6.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LUN's earnings are forecast to decline over the next 3 years (-6.4% per year).
Earnings vs Market: LUN's earnings are forecast to decline over the next 3 years (-6.4% per year).
High Growth Earnings: LUN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LUN's revenue is expected to decline over the next 3 years (-1.8% per year).
High Growth Revenue: LUN's revenue is forecast to decline over the next 3 years (-1.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LUN's Return on Equity is forecast to be low in 3 years time (10.9%).
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Past Performance
How has Lundin Mining performed over the past 5 years?
Past Performance Score
6/6Past Performance Score 6/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
23.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LUN has high quality earnings.
Growing Profit Margin: LUN's current net profit margins (27.2%) are higher than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: LUN's earnings have grown significantly by 23.4% per year over the past 5 years.
Accelerating Growth: LUN's earnings growth over the past year (138.3%) exceeds its 5-year average (23.4% per year).
Earnings vs Industry: LUN earnings growth over the past year (138.3%) exceeded the Metals and Mining industry -5.8%.
Return on Equity
High ROE: LUN's Return on Equity (21%) is considered high.
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Financial Health
How is Lundin Mining's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: LUN's short term assets ($1.9B) exceed its short term liabilities ($901.8M).
Long Term Liabilities: LUN's short term assets ($1.9B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: LUN has more cash than its total debt.
Reducing Debt: LUN's debt to equity ratio has reduced from 26.2% to 0.08% over the past 5 years.
Debt Coverage: LUN's debt is well covered by operating cash flow (37472.3%).
Interest Coverage: LUN's interest payments on its debt are well covered by EBIT (42.8x coverage).
Balance Sheet
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Dividend
What is Lundin Mining current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LUN's dividend (5.48%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: LUN's dividend (5.48%) is in the top 25% of dividend payers in the Canadian market (5.33%)
Stability and Growth of Payments
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 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.5%), LUN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26%), LUN's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Peter Rockandel
0.58
Tenure
US$1,794,018
Compensation
Mr. Peter Rockandel has been the President and Chief Executive Officer of Lundin Mining Corporation since November 1, 2021 and has been its Director since January 1, 2022. He served as a Senior Vice Presid...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD1.79M) is below average for companies of similar size in the Canadian market ($USD4.78M).
Compensation vs Earnings: Peter's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: LUN's management team is considered experienced (3.6 years average tenure).
Board Members
Experienced Board: LUN's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LUN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.5%.
Top Shareholders
Company Information
Lundin Mining Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Lundin Mining Corporation
- Ticker: LUN
- Exchange: TSX
- Founded: 1994
- Industry: Copper
- Sector: Materials
- Implied Market Cap: CA$6.609b
- Shares outstanding: 779.39m
- Website: https://www.lundinmining.com
Number of Employees
Location
- Lundin Mining Corporation
- 150 King Street West
- Suite 2200
- Toronto
- Ontario
- M5H 1J9
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.