Lundin Mining Corporation

OM:LUMI Stock Report

Market Cap: SEK 148.3b

Lundin Mining Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

SEK 14.9
Fair Value
1.1k% overvalued intrinsic discount
21
Number of Analysts

Below Fair Value: LUMI (SEK171.8) is trading above our estimate of fair value (SEK14.9)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for LUMI. This is calculated by dividing LUMI's market cap by their current earnings.
What is LUMI's PE Ratio?
PE Ratio73.8x
EarningsUS$212.04m
Market CapUS$15.65b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for LUMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
BOL Boliden
15.5x18.98%SEK 125.1b
SSAB A SSAB
13.5x14.76%SEK 65.7b
SCA B Svenska Cellulosa Aktiebolaget
24.2x9.51%SEK 85.8b
HOLM B Holmen
18.9x-0.30%SEK 53.9b
LUMI Lundin Mining
73.8x19.96%SEK 22.0b

Price-To-Earnings vs Peers: LUMI is expensive based on its Price-To-Earnings Ratio (73.8x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

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

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LUMI 73.8xIndustry Avg. 15.5xNo. of Companies18PE01020304050+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUMI is expensive based on its Price-To-Earnings Ratio (73.8x) compared to the European Metals and Mining industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is LUMI'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.

LUMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.8x
Fair PE Ratio22.8x

Price-To-Earnings vs Fair Ratio: LUMI is expensive based on its Price-To-Earnings Ratio (73.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.8x).

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 LUMI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 171.80
SEK 172.07
+0.16%
8.83%SEK 191.44SEK 135.29n/a21
Nov ’26SEK 151.90
SEK 159.99
+5.33%
10.56%SEK 190.04SEK 120.76n/a22
Oct ’26SEK 138.90
SEK 122.72
-11.65%
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 97.50
SEK 116.97
+19.97%
9.65%SEK 142.02SEK 96.88n/a22
Jul ’26SEK 100.40
SEK 109.41
+8.98%
10.13%SEK 132.03SEK 85.53n/a22
Jun ’26SEK 90.90
SEK 104.98
+15.49%
11.41%SEK 131.01SEK 84.27n/a21
May ’26SEK 79.95
SEK 103.85
+29.90%
13.81%SEK 131.91SEK 79.53n/a21
Apr ’26SEK 82.40
SEK 109.29
+32.63%
11.79%SEK 132.97SEK 82.36n/a19
Mar ’26SEK 86.40
SEK 117.12
+35.56%
11.93%SEK 144.01SEK 88.49n/a18
Feb ’26SEK 89.30
SEK 122.11
+36.75%
10.41%SEK 146.24SEK 95.43n/a18
Jan ’26SEK 93.95
SEK 132.13
+40.64%
8.65%SEK 155.75SEK 111.64n/a19
Dec ’25SEK 106.60
SEK 132.94
+24.71%
13.01%SEK 158.08SEK 75.09n/a19
Nov ’25SEK 105.40
SEK 131.27
+24.55%
12.69%SEK 155.92SEK 72.78SEK 151.9019
Oct ’25SEK 106.30
SEK 127.57
+20.00%
12.53%SEK 148.67SEK 72.47SEK 138.9019
Sep ’25SEK 104.50
SEK 129.18
+23.61%
13.05%SEK 148.04SEK 72.17SEK 109.2019
Aug ’25SEK 104.90
SEK 136.17
+29.81%
13.59%SEK 155.40SEK 73.64SEK 97.5019
Jul ’25SEK 120.50
SEK 138.28
+14.75%
15.12%SEK 170.60SEK 65.87SEK 100.4021
Jun ’25SEK 123.40
SEK 134.63
+9.10%
15.00%SEK 155.44SEK 66.02SEK 90.9021
May ’25SEK 130.60
SEK 125.76
-3.70%
16.34%SEK 159.78SEK 62.24SEK 79.9521
Apr ’25SEK 106.80
SEK 102.35
-4.17%
18.70%SEK 141.66SEK 50.64SEK 82.4021
Mar ’25SEK 82.25
SEK 91.14
+10.81%
15.09%SEK 110.69SEK 48.85SEK 86.4020
Feb ’25SEK 85.25
SEK 89.20
+4.64%
13.74%SEK 100.65SEK 57.35SEK 89.3019
Jan ’25SEK 81.80
SEK 85.34
+4.32%
13.22%SEK 99.25SEK 56.51SEK 93.9519
Dec ’24SEK 73.80
SEK 85.91
+16.41%
11.06%SEK 99.37SEK 62.23SEK 106.6020
Nov ’24SEK 69.60
SEK 94.28
+35.47%
11.68%SEK 106.80SEK 65.21SEK 105.4020
SEK 170.69
Fair Value
0.7% overvalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/27 13:27
End of Day Share Price 2025/11/27 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Farooq HamedBarclays
Charlie ClarkBerenberg
Matthew MurphyBMO Capital Markets Equity Research