# Lundin Gold Inc. (LUG.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$99.88, market value C$24.2 billion.

## Valuation
- **P/E (trailing): 18.7×** (5-yr avg 21.7×, 3-yr avg 21.7×). Lundin Gold Inc. trades at 18.7× trailing earnings, close to its own five-year average of 21.7×. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 16.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.19**. A PEG of 0.19 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 8.7×**. Each dollar of revenue is priced at 8.7×.
- **Price / book: 32.1×**. The shares trade at 32.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 11.5×**. Enterprise value is 11.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.6%** (5-yr avg 12.1%). Free cash flow equals 5.6% of the market value, below its five-year average of 12.1%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 5.3%**. The inverse of the P/E: 5.3% of the price is earned each year.

## Profitability
- **Gross margin: 69.4%**. Lundin Gold Inc. keeps 69.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 65.1%**. 65.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 44.4%**. 44.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 59.2%**. A 59.2% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 120.8%**. Return on all capital, debt included, is 120.8%: comfortably above what that capital costs.
- **Return on assets: 52.5%**. Each dollar of assets produces 52.5% of profit.

## Growth
- **Revenue growth (1 yr): 52.1%** (3-yr 30.5%/yr, 5-yr 38.3%/yr). Revenue grew 52.1% over the last year, against 38.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 88.6%** (3-yr 120.4%/yr). Earnings per share rose 88.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 37.4%/yr**. Free cash flow has compounded at 37.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Lundin Gold Inc. holds more cash than debt.
- **Current ratio: 2.53** (quick 2.29). Current assets cover the next year's liabilities 2.53 times.
- **Altman Z-score: 38.88**. A Z-score of 38.88 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.94%** (C$5.93 per share, trailing). Lundin Gold Inc. yields 5.94%, an income-level yield.
- **Payout ratio: 84%** (97% of free cash flow). 84% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 4**. 4 straight years of increases.

## Analyst view
- **Analyst consensus: hold** (13 analysts). 13 analysts cover Lundin Gold Inc.; the consensus is hold, with an average price target of C$96.25 (-4% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 22.1%** (YTD -4.3%, 3-mo 30.9%). The shares are up 22.1% over twelve months including dividends.
- **From 52-week high: -19.6%** (39.7% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 57**. An RSI of 57 is neutral.
- **Beta (1 yr): 3.00** (volatility 57%). Beta of 3.00 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LUG.TO · Page: https://foliofundamentals.com/stocks/lug.to

Not investment advice.