Lundin Mining Corporation

BATS-CHIXE:LUMIS Stock Report

Market Cap: SEK 83.1b

Lundin Mining Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 LUMIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LUMIS (SEK108.5) is trading above our estimate of fair value (SEK69.54)

Significantly Below Fair Value: LUMIS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LUMIS. This is calculated by dividing LUMIS's market cap by their current earnings.
What is LUMIS's PE Ratio?
PE Ratio27.6x
EarningsUS$275.43m
Market CapUS$7.61b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LUMIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
ANTO Antofagasta
27.4x18.5%UK£16.5b
ATYM Atalaya Mining
23.2x40.0%UK£498.3m
CAML Central Asia Metals
8.8x15.0%UK£282.2m
FRES Fresnillo
24.1x33.0%UK£4.7b
LUMIS Lundin Mining
27.6x24.8%SEK 10.7b

Price-To-Earnings vs Peers: LUMIS is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9x-60.3%US$126.08m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
No. of Companies6PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUMIS is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the UK Metals and Mining industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is LUMIS'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.

LUMIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LUMIS's Price-To-Earnings Fair Ratio for valuation analysis.

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 LUMIS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 108.50
SEK 135.56
+24.9%
15.0%SEK 184.57SEK 75.09n/a20
Nov ’25SEK 104.10
SEK 133.62
+28.4%
14.3%SEK 177.84SEK 72.78n/a20
Oct ’25SEK 105.10
SEK 127.58
+21.4%
12.5%SEK 148.67SEK 72.47n/a19
Sep ’25SEK 104.70
SEK 129.19
+23.4%
13.0%SEK 148.04SEK 72.17n/a19
Aug ’25SEK 105.80
SEK 136.19
+28.7%
13.6%SEK 155.40SEK 73.64n/a19
Jul ’25n/a
SEK 138.28
0%
15.1%SEK 170.60SEK 65.87n/a21
Jun ’25n/a
SEK 134.63
0%
15.0%SEK 155.44SEK 66.02n/a21
May ’25n/a
SEK 125.76
0%
16.3%SEK 159.78SEK 62.24n/a21
Apr ’25n/a
SEK 102.35
0%
18.7%SEK 141.66SEK 50.64n/a21
Mar ’25SEK 82.60
SEK 91.14
+10.3%
15.1%SEK 110.69SEK 48.85n/a20
Feb ’25n/a
SEK 89.20
0%
13.7%SEK 100.65SEK 57.35n/a19
Jan ’25n/a
SEK 85.34
0%
13.2%SEK 99.25SEK 56.51n/a19
Dec ’24n/a
SEK 85.91
0%
11.1%SEK 99.37SEK 62.23n/a20
Nov ’24n/a
SEK 94.28
0%
11.7%SEK 106.80SEK 65.21SEK 104.1020
Oct ’24SEK 81.05
SEK 95.85
+18.3%
10.5%SEK 106.45SEK 68.59SEK 105.1020
Sep ’24n/a
SEK 94.49
0%
10.8%SEK 107.04SEK 68.97SEK 104.7021
Aug ’24SEK 91.40
SEK 91.34
-0.07%
10.0%SEK 104.28SEK 68.71SEK 105.8021
Jul ’24SEK 84.30
SEK 89.63
+6.3%
9.6%SEK 103.90SEK 69.09n/a20
Jun ’24SEK 81.30
SEK 87.53
+7.7%
9.7%SEK 104.21SEK 69.33n/a20
May ’24SEK 78.50
SEK 81.67
+4.0%
9.7%SEK 92.52SEK 61.72n/a19
Apr ’24SEK 69.10
SEK 73.68
+6.6%
12.0%SEK 91.75SEK 53.70n/a19
Mar ’24n/a
SEK 74.44
0%
14.2%SEK 99.84SEK 53.87SEK 82.6019
Feb ’24SEK 76.22
SEK 70.21
-7.9%
12.7%SEK 92.82SEK 55.40n/a19
Jan ’24SEK 65.44
SEK 71.28
+8.9%
16.2%SEK 100.14SEK 54.00n/a21
Dec ’23SEK 64.92
SEK 71.04
+9.4%
17.4%SEK 101.60SEK 54.28n/a21
Nov ’23n/a
SEK 74.18
0%
18.9%SEK 106.25SEK 49.74n/a21

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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