Lundin Mining Corporation

BATS-CHIXE:LUMIS Stock Report

Market Cap: SEK 180.1b

Lundin Mining Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: LUMIS (SEK205.9) is trading below our estimate of future cash flow value (SEK610.98)

Significantly Below Future Cash Flow Value: LUMIS is trading below future cash flow value by more than 20%.

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 Ratio17.5x
EarningsUS$1.05b
Market CapUS$19.25b

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 Average21.4x
ANTO Antofagasta
31.1x9.78%UK£31.0b
ATYM Atalaya Mining Copper
14.4x23.15%UK£1.1b
FRES Fresnillo
21.8x15.73%UK£22.6b
HOC Hochschild Mining
18.5x27.17%UK£2.8b
LUMIS Lundin Mining
17.5x-1.52%SEK 26.4b

Price-To-Earnings vs Peers: LUMIS is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (21.4x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENPL En+ Group International
2.2x8.04%US$4.67b
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
POG Petropavlovsk
2.5x12.47%US$56.91m
No. of Companies7PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUMIS is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the UK Metals and Mining industry average (17.1x).

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 Ratio17.5x
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 205.90
SEK 262.80
+27.63%
14.33%SEK 321.33SEK 186.80n/a23
Mar ’27SEK 289.10
SEK 244.13
-15.55%
14.42%SEK 310.02SEK 180.23n/a23
Feb ’27SEK 227.40
SEK 219.05
-3.67%
16.52%SEK 276.39SEK 167.84n/a23
Jan ’27SEK 197.60
SEK 186.88
-5.42%
12.30%SEK 217.80SEK 131.41n/a23
Dec ’26SEK 167.30
SEK 171.60
+2.57%
8.62%SEK 190.87SEK 134.91n/a22
Nov ’26n/a
SEK 159.99
0%
10.56%SEK 190.04SEK 120.76n/a22
Oct ’26SEK 129.90
SEK 122.72
-5.53%
12.87%SEK 151.30SEK 95.41n/a22
Sep ’26SEK 109.20
SEK 118.00
+8.06%
9.91%SEK 144.56SEK 96.31n/a22
Aug ’26SEK 98.35
SEK 116.97
+18.93%
9.65%SEK 142.02SEK 96.88n/a22
Jul ’26SEK 95.75
SEK 109.41
+14.27%
10.13%SEK 132.03SEK 85.53n/a22
Jun ’26n/a
SEK 104.98
0%
11.41%SEK 131.01SEK 84.27n/a21
May ’26SEK 82.30
SEK 103.85
+26.19%
13.81%SEK 131.91SEK 79.53n/a21
Apr ’26SEK 82.35
SEK 109.29
+32.71%
11.79%SEK 132.97SEK 82.36n/a19
Mar ’26SEK 87.35
SEK 117.12
+34.08%
11.93%SEK 144.01SEK 88.49SEK 289.1018
Feb ’26SEK 89.20
SEK 122.11
+36.90%
10.41%SEK 146.24SEK 95.43SEK 227.4018
Jan ’26SEK 93.90
SEK 132.97
+41.60%
8.65%SEK 156.73SEK 112.34SEK 197.6019
Dec ’25SEK 108.50
SEK 131.70
+21.38%
13.01%SEK 156.60SEK 74.39SEK 167.3019
Nov ’25SEK 104.10
SEK 133.21
+27.96%
12.69%SEK 158.21SEK 73.86n/a19
Oct ’25SEK 105.10
SEK 127.57
+21.37%
12.53%SEK 148.67SEK 72.47SEK 129.9019
Sep ’25SEK 104.70
SEK 129.71
+23.89%
13.05%SEK 148.66SEK 72.47SEK 109.2019
Aug ’25SEK 105.80
SEK 136.17
+28.71%
13.59%SEK 155.40SEK 73.64SEK 98.3519
Jul ’25n/a
SEK 138.28
0%
15.12%SEK 170.60SEK 65.87SEK 95.7521
Jun ’25n/a
SEK 133.68
0%
15.00%SEK 154.34SEK 65.56n/a21
May ’25n/a
SEK 125.76
0%
16.34%SEK 159.78SEK 62.24SEK 82.3021
Apr ’25n/a
SEK 102.08
0%
18.70%SEK 141.29SEK 50.51SEK 82.3521
Mar ’25SEK 82.60
SEK 91.14
+10.34%
15.09%SEK 110.69SEK 48.85SEK 87.3520
SEK 269.66
Fair Value
23.6% undervalued intrinsic discount
23
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/20 03:02
End of Day Share Price 2026/03/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Lundin Mining Corporation is covered by 52 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stefan IoannouATB Cormark Historical (Cormark Securities)
Farooq HamedBarclays
Charlie ClarkBerenberg