Lundin Mining Corporation

OM:LUMI Stock Report

Market Cap: SEK 86.3b

Lundin Mining Valuation

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

Below Fair Value: LUMI (SEK109.3) is trading above our estimate of fair value (SEK70.64)

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 Ratio28.5x
EarningsUS$275.43m
Market CapUS$7.84b

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 Average16.9x
BOL Boliden
10.3x6.4%SEK 89.4b
SSAB A SSAB
6.5x-0.9%SEK 50.9b
SCA B Svenska Cellulosa Aktiebolaget
27.8x13.2%SEK 102.0b
HOLM B Holmen
23.3x10.0%SEK 65.7b
LUMI Lundin Mining
28.5x24.8%SEK 11.0b

Price-To-Earnings vs Peers: LUMI is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (16.9x).

Price to Earnings Ratio vs Industry

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

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LUMI 28.5xIndustry Avg. 12.1xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LUMI is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the European Metals and Mining industry average (12.1x).

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 Ratio28.5x
Fair PE Ratio28.4x

Price-To-Earnings vs Fair Ratio: LUMI is expensive based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.4x).

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 109.30
SEK 135.58
+24.0%
15.0%SEK 184.60SEK 75.10n/a20
Nov ’25SEK 105.40
SEK 133.62
+26.8%
14.3%SEK 177.84SEK 72.78n/a20
Oct ’25SEK 106.30
SEK 127.58
+20.0%
12.5%SEK 148.67SEK 72.47n/a19
Sep ’25SEK 104.50
SEK 129.19
+23.6%
13.0%SEK 148.04SEK 72.17n/a19
Aug ’25SEK 104.90
SEK 136.19
+29.8%
13.6%SEK 155.40SEK 73.64n/a19
Jul ’25SEK 120.50
SEK 138.28
+14.8%
15.1%SEK 170.60SEK 65.87n/a21
Jun ’25SEK 123.40
SEK 134.63
+9.1%
15.0%SEK 155.44SEK 66.02n/a21
May ’25SEK 130.60
SEK 125.76
-3.7%
16.3%SEK 159.78SEK 62.24n/a21
Apr ’25SEK 106.80
SEK 102.35
-4.2%
18.7%SEK 141.66SEK 50.64n/a21
Mar ’25SEK 82.25
SEK 91.14
+10.8%
15.1%SEK 110.69SEK 48.85n/a20
Feb ’25SEK 85.25
SEK 89.20
+4.6%
13.7%SEK 100.65SEK 57.35n/a19
Jan ’25SEK 81.80
SEK 85.34
+4.3%
13.2%SEK 99.25SEK 56.51n/a19
Dec ’24SEK 73.80
SEK 85.91
+16.4%
11.1%SEK 99.37SEK 62.23n/a20
Nov ’24SEK 69.60
SEK 94.28
+35.5%
11.7%SEK 106.80SEK 65.21SEK 105.4020
Oct ’24SEK 81.85
SEK 95.85
+17.1%
10.5%SEK 106.45SEK 68.59SEK 106.3020
Sep ’24SEK 86.45
SEK 94.49
+9.3%
10.8%SEK 107.04SEK 68.97SEK 104.5021
Aug ’24SEK 92.75
SEK 91.34
-1.5%
10.0%SEK 104.28SEK 68.71SEK 104.9021
Jul ’24SEK 83.95
SEK 89.63
+6.8%
9.6%SEK 103.90SEK 69.09SEK 120.5020
Jun ’24SEK 78.25
SEK 87.53
+11.9%
9.7%SEK 104.21SEK 69.33SEK 123.4020
May ’24SEK 78.10
SEK 81.67
+4.6%
9.7%SEK 92.52SEK 61.72SEK 130.6019
Apr ’24SEK 69.10
SEK 73.68
+6.6%
12.0%SEK 91.75SEK 53.70SEK 106.8019
Mar ’24SEK 68.76
SEK 74.44
+8.3%
14.2%SEK 99.84SEK 53.87SEK 82.2519
Feb ’24SEK 77.86
SEK 70.21
-9.8%
12.7%SEK 92.82SEK 55.40SEK 85.2519
Jan ’24SEK 63.96
SEK 71.28
+11.4%
16.2%SEK 100.14SEK 54.00SEK 81.8021
Dec ’23SEK 64.90
SEK 71.04
+9.5%
17.4%SEK 101.60SEK 54.28SEK 73.8021
Nov ’23SEK 61.50
SEK 74.18
+20.6%
18.9%SEK 106.25SEK 49.74SEK 69.6021

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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