Lundin Gold Inc.

DB:F1YN Stock Report

Market Cap: €5.0b

Lundin Gold Valuation

Is F1YN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of F1YN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F1YN (€20.65) is trading below our estimate of fair value (€40.17)

Significantly Below Fair Value: F1YN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F1YN?

Key metric: As F1YN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for F1YN. This is calculated by dividing F1YN's market cap by their current earnings.
What is F1YN's PE Ratio?
PE Ratio16.9x
EarningsUS$307.97m
Market CapUS$5.21b

Price to Earnings Ratio vs Peers

How does F1YN's PE Ratio compare to its peers?

The above table shows the PE ratio for F1YN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.7x
NDA Aurubis
8.2x-5.3%€3.4b
FPE3 Fuchs
18.3x8.6%€4.8b
EVK Evonik Industries
33.5x32.9%€7.7b
WCH Wacker Chemie
27x36.4%€3.4b
F1YN Lundin Gold
16.9x23.5%€7.5b

Price-To-Earnings vs Peers: F1YN is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (21.7x).

Price to Earnings Ratio vs Industry

How does F1YN's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
F1YN 16.9xIndustry Avg. 11.5xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: F1YN is expensive based on its Price-To-Earnings Ratio (16.9x) compared to the European Metals and Mining industry average (11.5x).

Price to Earnings Ratio vs Fair Ratio

What is F1YN'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.

F1YN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: F1YN is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst F1YN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.65
€24.15
+17.0%
11.1%€28.82€19.43n/a13
Dec ’25€21.95
€24.31
+10.8%
10.2%€29.02€19.57n/a13
Nov ’25€21.85
€21.91
+0.3%
13.8%€28.14€17.09n/a13
Oct ’25€19.62
€19.74
+0.6%
9.9%€23.24€16.94n/a13
Sep ’25€18.40
€18.04
-2.0%
8.1%€21.17€16.54n/a13
Aug ’25€15.94
€17.84
+11.9%
7.6%€20.53€15.69n/a13
Jul ’25€13.68
€16.70
+22.1%
8.2%€19.14€14.35n/a13
Jun ’25€13.66
€16.24
+18.9%
8.6%€18.90€14.17n/a13
May ’25€13.26
€15.78
+19.0%
10.9%€19.15€13.68n/a13
Apr ’25€13.10
€14.13
+7.9%
6.4%€15.57€11.98n/a13
Mar ’25€10.76
€13.93
+29.5%
6.5%€15.47€11.90n/a13
Feb ’25€10.82
€14.13
+30.6%
6.7%€15.66€12.05n/a12
Jan ’25€11.34
€14.06
+24.0%
4.4%€15.07€13.01n/a10
Dec ’24€11.14
€13.69
+22.9%
4.7%€14.92€12.89€21.9511
Nov ’24€11.36
€13.95
+22.8%
4.7%€15.13€13.06€21.8511
Oct ’24€10.68
€14.09
+32.0%
4.9%€15.29€13.21€19.6212
Sep ’24€11.00
€13.79
+25.4%
5.1%€14.95€12.91€18.4011
Aug ’24€12.10
€14.00
+15.7%
4.8%€15.08€13.02€15.9410
Jul ’24€10.88
€14.29
+31.4%
5.0%€15.51€13.25€13.6810
Jun ’24€11.92
€14.20
+19.2%
4.6%€15.37€13.13€13.669
May ’24€11.54
€13.50
+17.0%
7.6%€14.88€11.03€13.269
Apr ’24€10.68
€12.32
+15.3%
8.1%€13.60€10.20€13.109
Mar ’24€9.73
€12.26
+26.0%
7.5%€13.80€10.35€10.769
Feb ’24€10.56
€11.32
+7.2%
7.5%€13.02€10.28€10.829
Jan ’24€9.02
€10.10
+12.0%
8.0%€11.05€8.29€11.3410
Dec ’23€9.45
€9.85
+4.2%
10.1%€10.96€8.13€11.1410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 11:52
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lundin Gold Inc. is covered by 34 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian QuastBMO Capital Markets Equity Research
Carey MacRuryCanaccord Genuity
Anita SoniCIBC Capital Markets