LUNDIN GOLD INC (LUG.CA) Fundamental Analysis & Valuation
TSX:LUG • CA5503711080
115.76 CAD
+1.14 (+0.99%)
Last: Mar 9, 2026, 07:00 PM
This LUG.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall LUG gets a fundamental rating of 8 out of 10. We evaluated LUG against 815 industry peers in the Metals & Mining industry. LUG gets an excellent profitability rating and is at the same time showing great financial health properties. LUG scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make LUG a good candidate for value and quality investing.
1. LUG.CA Profitability Analysis
1.1 Basic Checks
- LUG had positive earnings in the past year.
- In the past year LUG had a positive cash flow from operations.
- Each year in the past 5 years LUG has been profitable.
- In the past 5 years LUG always reported a positive cash flow from operatings.
1.2 Ratios
- LUG's Return On Assets of 44.32% is amongst the best of the industry. LUG outperforms 98.40% of its industry peers.
- The Return On Equity of LUG (58.07%) is better than 98.65% of its industry peers.
- LUG has a Return On Invested Capital of 54.26%. This is amongst the best in the industry. LUG outperforms 99.88% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for LUG is significantly above the industry average of 12.69%.
- The last Return On Invested Capital (54.26%) for LUG is above the 3 year average (36.09%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 44.32% | ||
| ROE | 58.07% | ||
| ROIC | 54.26% |
ROA(3y)28.15%
ROA(5y)20.4%
ROE(3y)37.29%
ROE(5y)29.54%
ROIC(3y)36.09%
ROIC(5y)28.73%
1.3 Margins
- LUG's Profit Margin of 44.43% is amongst the best of the industry. LUG outperforms 97.91% of its industry peers.
- LUG's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 61.83%, LUG belongs to the best of the industry, outperforming 99.26% of the companies in the same industry.
- LUG's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 68.78%, LUG belongs to the top of the industry, outperforming 97.79% of the companies in the same industry.
- In the last couple of years the Gross Margin of LUG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.83% | ||
| PM (TTM) | 44.43% | ||
| GM | 68.78% |
OM growth 3Y14.62%
OM growth 5Y7.85%
PM growth 3Y70.16%
PM growth 5YN/A
GM growth 3Y14.91%
GM growth 5Y7.4%
2. LUG.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so LUG is creating value.
- LUG has more shares outstanding than it did 1 year ago.
- LUG has more shares outstanding than it did 5 years ago.
- LUG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- An Altman-Z score of 32.95 indicates that LUG is not in any danger for bankruptcy at the moment.
- LUG's Altman-Z score of 32.95 is fine compared to the rest of the industry. LUG outperforms 76.07% of its industry peers.
- LUG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 32.95 |
ROIC/WACC5.34
WACC10.17%
2.3 Liquidity
- LUG has a Current Ratio of 2.53. This indicates that LUG is financially healthy and has no problem in meeting its short term obligations.
- With a Current ratio value of 2.53, LUG perfoms like the industry average, outperforming 57.79% of the companies in the same industry.
- A Quick Ratio of 2.29 indicates that LUG has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 2.29, LUG is in line with its industry, outperforming 57.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.53 | ||
| Quick Ratio | 2.29 |
3. LUG.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 86.86% over the past year.
- Measured over the past years, LUG shows a very strong growth in Earnings Per Share. The EPS has been growing by 48.03% on average per year.
- The Revenue has grown by 49.44% in the past year. This is a very strong growth!
- LUG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 37.85% yearly.
EPS 1Y (TTM)86.86%
EPS 3Y82.27%
EPS 5Y48.03%
EPS Q2Q%77.78%
Revenue 1Y (TTM)49.44%
Revenue growth 3Y29.78%
Revenue growth 5Y37.85%
Sales Q2Q%54.07%
3.2 Future
- LUG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -10.91% yearly.
- The Revenue is expected to decrease by -4.09% on average over the next years.
EPS Next Y39.5%
EPS Next 2Y19.37%
EPS Next 3Y2.79%
EPS Next 5Y-10.91%
Revenue Next Year36.55%
Revenue Next 2Y14.37%
Revenue Next 3Y8.6%
Revenue Next 5Y-4.09%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. LUG.CA Valuation Analysis
4.1 Price/Earnings Ratio
- LUG is valuated quite expensively with a Price/Earnings ratio of 26.07.
- Based on the Price/Earnings ratio, LUG is valued cheaply inside the industry as 90.55% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.25, LUG is valued at the same level.
- LUG is valuated rather expensively with a Price/Forward Earnings ratio of 18.70.
- Based on the Price/Forward Earnings ratio, LUG is valued cheaper than 90.06% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.39. LUG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.07 | ||
| Fwd PE | 18.7 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, LUG is valued cheaply inside the industry as 92.52% of the companies are valued more expensively.
- 95.09% of the companies in the same industry are more expensive than LUG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.01 | ||
| EV/EBITDA | 15.98 |
4.3 Compensation for Growth
- LUG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- LUG has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.66
PEG (5Y)0.54
EPS Next 2Y19.37%
EPS Next 3Y2.79%
5. LUG.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.40%, LUG has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.41, LUG pays a better dividend. On top of this LUG pays more dividend than 99.14% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, LUG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.4% |
5.2 History
- LUG has been paying a dividend for over 5 years, so it has already some track record.
- LUG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- LUG pays out 83.80% of its income as dividend. This is not a sustainable payout ratio.
DP83.8%
EPS Next 2Y19.37%
EPS Next 3Y2.79%
LUG.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:LUG (3/9/2026, 7:00:00 PM)
115.76
+1.14 (+0.99%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)05-06 2026-05-06
Inst Owners25.9%
Inst Owner ChangeN/A
Ins Owners0.81%
Ins Owner ChangeN/A
Market Cap27.98B
Revenue(TTM)1.78B
Net Income(TTM)792.15M
Analysts52.63
Price Target115.12 (-0.55%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.4% |
Yearly Dividend3.76
Dividend Growth(5Y)N/A
DP83.8%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-11 2026-03-11 (1.16416)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.24%
Min EPS beat(2)1.96%
Max EPS beat(2)20.52%
EPS beat(4)4
Avg EPS beat(4)12.2%
Min EPS beat(4)1.96%
Max EPS beat(4)20.52%
EPS beat(8)7
Avg EPS beat(8)9.22%
EPS beat(12)7
Avg EPS beat(12)3.97%
EPS beat(16)8
Avg EPS beat(16)-4.62%
Revenue beat(2)2
Avg Revenue beat(2)6.91%
Min Revenue beat(2)6.62%
Max Revenue beat(2)7.19%
Revenue beat(4)4
Avg Revenue beat(4)8.36%
Min Revenue beat(4)3.87%
Max Revenue beat(4)15.76%
Revenue beat(8)8
Avg Revenue beat(8)7.35%
Revenue beat(12)9
Avg Revenue beat(12)6.01%
Revenue beat(16)11
Avg Revenue beat(16)4.83%
PT rev (1m)7.4%
PT rev (3m)19.26%
EPS NQ rev (1m)22.29%
EPS NQ rev (3m)17.68%
EPS NY rev (1m)22.23%
EPS NY rev (3m)20.99%
Revenue NQ rev (1m)19.06%
Revenue NQ rev (3m)19.06%
Revenue NY rev (1m)18.73%
Revenue NY rev (3m)19.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.07 | ||
| Fwd PE | 18.7 | ||
| P/S | 11.57 | ||
| P/FCF | 22.01 | ||
| P/OCF | 20.16 | ||
| P/B | 15.12 | ||
| P/tB | 15.12 | ||
| EV/EBITDA | 15.98 |
EPS(TTM)4.44
EY3.84%
EPS(NY)6.19
Fwd EY5.35%
FCF(TTM)5.26
FCFY4.54%
OCF(TTM)5.74
OCFY4.96%
SpS10.01
BVpS7.66
TBVpS7.66
PEG (NY)0.66
PEG (5Y)0.54
Graham Number27.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 44.32% | ||
| ROE | 58.07% | ||
| ROCE | 78.82% | ||
| ROIC | 54.26% | ||
| ROICexc | 98.76% | ||
| ROICexgc | 98.76% | ||
| OM | 61.83% | ||
| PM (TTM) | 44.43% | ||
| GM | 68.78% | ||
| FCFM | 52.56% |
ROA(3y)28.15%
ROA(5y)20.4%
ROE(3y)37.29%
ROE(5y)29.54%
ROIC(3y)36.09%
ROIC(5y)28.73%
ROICexc(3y)56.77%
ROICexc(5y)43.49%
ROICexgc(3y)56.77%
ROICexgc(5y)43.49%
ROCE(3y)52.43%
ROCE(5y)41.72%
ROICexgc growth 3Y54.74%
ROICexgc growth 5Y62.35%
ROICexc growth 3Y54.74%
ROICexc growth 5Y62.35%
OM growth 3Y14.62%
OM growth 5Y7.85%
PM growth 3Y70.16%
PM growth 5YN/A
GM growth 3Y14.91%
GM growth 5Y7.4%
F-Score7
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 63.62% | ||
| Cap/Sales | 4.82% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.67% | ||
| Profit Quality | 118.29% | ||
| Current Ratio | 2.53 | ||
| Quick Ratio | 2.29 | ||
| Altman-Z | 32.95 |
F-Score7
WACC10.17%
ROIC/WACC5.34
Cap/Depr(3y)53.02%
Cap/Depr(5y)50.68%
Cap/Sales(3y)5.69%
Cap/Sales(5y)6.29%
Profit Quality(3y)172.7%
Profit Quality(5y)237.38%
High Growth Momentum
Growth
EPS 1Y (TTM)86.86%
EPS 3Y82.27%
EPS 5Y48.03%
EPS Q2Q%77.78%
EPS Next Y39.5%
EPS Next 2Y19.37%
EPS Next 3Y2.79%
EPS Next 5Y-10.91%
Revenue 1Y (TTM)49.44%
Revenue growth 3Y29.78%
Revenue growth 5Y37.85%
Sales Q2Q%54.07%
Revenue Next Year36.55%
Revenue Next 2Y14.37%
Revenue Next 3Y8.6%
Revenue Next 5Y-4.09%
EBIT growth 1Y75.03%
EBIT growth 3Y48.76%
EBIT growth 5Y48.67%
EBIT Next Year58.05%
EBIT Next 3Y15.83%
EBIT Next 5Y-5.09%
FCF growth 1Y61.56%
FCF growth 3Y36.05%
FCF growth 5Y76.44%
OCF growth 1Y54.45%
OCF growth 3Y33.9%
OCF growth 5Y55.2%
LUNDIN GOLD INC / LUG.CA FAQ
What is the ChartMill fundamental rating of LUNDIN GOLD INC (LUG.CA) stock?
ChartMill assigns a fundamental rating of 8 / 10 to LUG.CA.
What is the valuation status for LUG stock?
ChartMill assigns a valuation rating of 7 / 10 to LUNDIN GOLD INC (LUG.CA). This can be considered as Undervalued.
What is the profitability of LUG stock?
LUNDIN GOLD INC (LUG.CA) has a profitability rating of 10 / 10.
Can you provide the PE and PB ratios for LUG stock?
The Price/Earnings (PE) ratio for LUNDIN GOLD INC (LUG.CA) is 26.07 and the Price/Book (PB) ratio is 15.12.
What is the earnings growth outlook for LUNDIN GOLD INC?
The Earnings per Share (EPS) of LUNDIN GOLD INC (LUG.CA) is expected to grow by 39.5% in the next year.