LUNDIN MINING CORP (LUN.CA) Fundamental Analysis & Valuation
TSX:LUN • CA5503721063
34.73 CAD
-1.97 (-5.37%)
Last: Mar 6, 2026, 07:00 PM
This LUN.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
LUN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 816 industry peers in the Metals & Mining industry. LUN scores excellent on profitability, but there are some minor concerns on its financial health. LUN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. LUN.CA Profitability Analysis
1.1 Basic Checks
- LUN had positive earnings in the past year.
- LUN had a positive operating cash flow in the past year.
- In multiple years LUN reported negative net income over the last 5 years.
- LUN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 0.14%, LUN belongs to the best of the industry, outperforming 84.80% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 0.24%, LUN belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 4.91%, LUN belongs to the top of the industry, outperforming 91.42% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for LUN is significantly below the industry average of 12.59%.
- The last Return On Invested Capital (4.91%) for LUN is above the 3 year average (3.70%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.14% | ||
| ROE | 0.24% | ||
| ROIC | 4.91% |
ROA(3y)1.83%
ROA(5y)3.62%
ROE(3y)3.02%
ROE(5y)6.17%
ROIC(3y)3.7%
ROIC(5y)4.6%
1.3 Margins
- With an excellent Profit Margin value of 0.42%, LUN belongs to the best of the industry, outperforming 89.58% of the companies in the same industry.
- LUN has a Operating Margin of 27.31%. This is amongst the best in the industry. LUN outperforms 93.75% of its industry peers.
- In the last couple of years the Operating Margin of LUN has grown nicely.
- LUN's Gross Margin of 31.23% is amongst the best of the industry. LUN outperforms 90.81% of its industry peers.
- LUN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.31% | ||
| PM (TTM) | 0.42% | ||
| GM | 31.23% |
OM growth 3Y-14.85%
OM growth 5Y8.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-13.35%
GM growth 5Y2.84%
2. LUN.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LUN is destroying value.
- LUN 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
- LUN has an Altman-Z score of 4.10. This indicates that LUN is financially healthy and has little risk of bankruptcy at the moment.
- With a Altman-Z score value of 4.10, LUN perfoms like the industry average, outperforming 50.61% of the companies in the same industry.
- LUN has a debt to FCF ratio of 0.99. This is a very positive value and a sign of high solvency as it would only need 0.99 years to pay back of all of its debts.
- LUN has a better Debt to FCF ratio (0.99) than 93.63% of its industry peers.
- A Debt/Equity ratio of 0.07 indicates that LUN is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.07, LUN is not doing good in the industry: 61.64% of the companies in the same industry are doing better.
- Although LUN's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.99 | ||
| Altman-Z | 4.1 |
ROIC/WACC0.5
WACC9.84%
2.3 Liquidity
- LUN has a Current Ratio of 1.45. This is a normal value and indicates that LUN is financially healthy and should not expect problems in meeting its short term obligations.
- LUN has a Current ratio (1.45) which is in line with its industry peers.
- A Quick Ratio of 0.90 indicates that LUN may have some problems paying its short term obligations.
- LUN's Quick ratio of 0.90 is on the low side compared to the rest of the industry. LUN is outperformed by 60.66% of its industry peers.
- The current and quick ratio evaluation for LUN is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.9 |
3. LUN.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 97.37% over the past year.
- Measured over the past years, LUN shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.57% on average per year.
EPS 1Y (TTM)97.37%
EPS 3Y12.04%
EPS 5Y24.57%
EPS Q2Q%186.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%51.53%
3.2 Future
- LUN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.87% yearly.
- Based on estimates for the next years, LUN will show a small growth in Revenue. The Revenue will grow by 3.60% on average per year.
EPS Next Y14.9%
EPS Next 2Y-0.58%
EPS Next 3Y4.23%
EPS Next 5Y4.87%
Revenue Next Year8.05%
Revenue Next 2Y4.47%
Revenue Next 3Y-0.3%
Revenue Next 5Y3.6%
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.
4. LUN.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 28.24, which means the current valuation is very expensive for LUN.
- Compared to the rest of the industry, the Price/Earnings ratio of LUN indicates a rather cheap valuation: LUN is cheaper than 89.71% of the companies listed in the same industry.
- LUN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
- A Price/Forward Earnings ratio of 24.65 indicates a rather expensive valuation of LUN.
- 89.22% of the companies in the same industry are more expensive than LUN, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of LUN to the average of the S&P500 Index (24.57), we can say LUN is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.24 | ||
| Fwd PE | 24.65 |
4.2 Price Multiples
- LUN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. LUN is cheaper than 92.40% of the companies in the same industry.
- 93.87% of the companies in the same industry are more expensive than LUN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.96 | ||
| EV/EBITDA | 16.61 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- LUN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)1.15
EPS Next 2Y-0.58%
EPS Next 3Y4.23%
5. LUN.CA Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.25%, LUN is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.38, LUN pays a better dividend. On top of this LUN pays more dividend than 95.10% of the companies listed in the same industry.
- With a Dividend Yield of 0.25, LUN pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
5.2 History
- The dividend of LUN is nicely growing with an annual growth rate of 23.66%!
- LUN has been paying a dividend for at least 10 years, so it has a reliable track record.
- The dividend of LUN decreased recently.
Dividend Growth(5Y)23.66%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- LUN pays out 1243.04% of its income as dividend. This is not a sustainable payout ratio.
- LUN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP1243.04%
EPS Next 2Y-0.58%
EPS Next 3Y4.23%
LUN.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:LUN (3/6/2026, 7:00:00 PM)
34.73
-1.97 (-5.37%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)05-05 2026-05-05/bmo
Inst Owners46.4%
Inst Owner ChangeN/A
Ins Owners0.73%
Ins Owner ChangeN/A
Market Cap29.67B
Revenue(TTM)N/A
Net Income(TTM)13.84M
Analysts76
Price Target37.38 (7.63%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.25% |
Yearly Dividend0.36
Dividend Growth(5Y)23.66%
DP1243.04%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-20 2026-03-20 (0.0275)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.11%
Min EPS beat(2)4.28%
Max EPS beat(2)27.94%
EPS beat(4)2
Avg EPS beat(4)-4.87%
Min EPS beat(4)-45.6%
Max EPS beat(4)27.94%
EPS beat(8)2
Avg EPS beat(8)-11.97%
EPS beat(12)4
Avg EPS beat(12)-6.07%
EPS beat(16)6
Avg EPS beat(16)-11.51%
Revenue beat(2)2
Avg Revenue beat(2)8.49%
Min Revenue beat(2)6.83%
Max Revenue beat(2)10.15%
Revenue beat(4)2
Avg Revenue beat(4)-2.47%
Min Revenue beat(4)-21.49%
Max Revenue beat(4)10.15%
Revenue beat(8)3
Avg Revenue beat(8)-1.97%
Revenue beat(12)4
Avg Revenue beat(12)-2.89%
Revenue beat(16)6
Avg Revenue beat(16)-3.61%
PT rev (1m)25.39%
PT rev (3m)50.93%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)20.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)2.24%
Revenue NY rev (3m)7.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.24 | ||
| Fwd PE | 24.65 | ||
| P/S | 6.59 | ||
| P/FCF | 32.96 | ||
| P/OCF | 17.13 | ||
| P/B | 3.78 | ||
| P/tB | 3.9 | ||
| EV/EBITDA | 16.61 |
EPS(TTM)1.23
EY3.54%
EPS(NY)1.41
Fwd EY4.06%
FCF(TTM)1.05
FCFY3.03%
OCF(TTM)2.03
OCFY5.84%
SpS5.27
BVpS9.18
TBVpS8.91
PEG (NY)1.9
PEG (5Y)1.15
Graham Number15.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.14% | ||
| ROE | 0.24% | ||
| ROCE | 10.2% | ||
| ROIC | 4.91% | ||
| ROICexc | 4.91% | ||
| ROICexgc | 5.01% | ||
| OM | 27.31% | ||
| PM (TTM) | 0.42% | ||
| GM | 31.23% | ||
| FCFM | 20.01% |
ROA(3y)1.83%
ROA(5y)3.62%
ROE(3y)3.02%
ROE(5y)6.17%
ROIC(3y)3.7%
ROIC(5y)4.6%
ROICexc(3y)3.85%
ROICexc(5y)4.87%
ROICexgc(3y)3.97%
ROICexgc(5y)5.05%
ROCE(3y)7.68%
ROCE(5y)9.55%
ROICexgc growth 3Y-22.24%
ROICexgc growth 5Y13.91%
ROICexc growth 3Y-21.75%
ROICexc growth 5Y14.37%
OM growth 3Y-14.85%
OM growth 5Y8.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-13.35%
GM growth 5Y2.84%
F-Score6
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.99 | ||
| Debt/EBITDA | 0.29 | ||
| Cap/Depr | 116.64% | ||
| Cap/Sales | 18.48% | ||
| Interest Coverage | 8.37 | ||
| Cash Conversion | 89.2% | ||
| Profit Quality | 4776.32% | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 4.1 |
F-Score6
WACC9.84%
ROIC/WACC0.5
Cap/Depr(3y)146.6%
Cap/Depr(5y)127.59%
Cap/Sales(3y)29.41%
Cap/Sales(5y)25.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)97.37%
EPS 3Y12.04%
EPS 5Y24.57%
EPS Q2Q%186.67%
EPS Next Y14.9%
EPS Next 2Y-0.58%
EPS Next 3Y4.23%
EPS Next 5Y4.87%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%51.53%
Revenue Next Year8.05%
Revenue Next 2Y4.47%
Revenue Next 3Y-0.3%
Revenue Next 5Y3.6%
EBIT growth 1Y31.55%
EBIT growth 3Y-14.05%
EBIT growth 5Y21.76%
EBIT Next Year106.74%
EBIT Next 3Y39.76%
EBIT Next 5Y22.64%
FCF growth 1Y262.46%
FCF growth 3Y-9.28%
FCF growth 5YN/A
OCF growth 1Y111.92%
OCF growth 3Y0.76%
OCF growth 5Y21.89%
LUNDIN MINING CORP / LUN.CA FAQ
What is the fundamental rating for LUN stock?
ChartMill assigns a fundamental rating of 6 / 10 to LUN.CA.
Can you provide the valuation status for LUNDIN MINING CORP?
ChartMill assigns a valuation rating of 5 / 10 to LUNDIN MINING CORP (LUN.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for LUNDIN MINING CORP?
LUNDIN MINING CORP (LUN.CA) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for LUN stock?
The Price/Earnings (PE) ratio for LUNDIN MINING CORP (LUN.CA) is 28.24 and the Price/Book (PB) ratio is 3.78.
Can you provide the expected EPS growth for LUN stock?
The Earnings per Share (EPS) of LUNDIN MINING CORP (LUN.CA) is expected to grow by 14.9% in the next year.