# Lundin Mining Corp. (LUN.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$35.48, market value C$30.2 billion.

## Valuation
- **P/E (trailing): 16.4×** (5-yr avg 18.5×, 3-yr avg 26.4×). Lundin Mining Corp. trades at 16.4× trailing earnings, close to its own five-year average of 18.5×. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 18.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.1×**. Each dollar of revenue is priced at 5.1×.
- **Price / book: 3.1×**. The shares trade at 3.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.5×**. Enterprise value is 9.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.8%** (5-yr avg 5.1%). Free cash flow equals 4.8% of the market value, in line with its five-year average of 5.1%.
- **Earnings yield: 6.1%**. The inverse of the P/E: 6.1% of the price is earned each year.

## Profitability
- **Gross margin: 39.0%**. Lundin Mining Corp. keeps 39.0% of revenue after the direct cost of what it sells.
- **Operating margin: 36.9%**. 36.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 34.3%**. 34.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 19.8%**. 19.8% on shareholders' equity is solid.
- **Return on invested capital: 23.0%**. Return on all capital, debt included, is 23.0%: comfortably above what that capital costs.
- **Return on assets: 14.0%**. Each dollar of assets produces 14.0% of profit.

## Growth
- **Revenue growth (1 yr): 11.2%** (3-yr 7.8%/yr, 5-yr 13.3%/yr). Revenue grew 11.2% over the last year, against 13.3% a year compounded over five years.
- **EPS growth (1 yr): 684.6%** (3-yr 37.9%/yr, 5-yr 45.9%/yr). Earnings per share rose 684.6%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 146.9%/yr**. Free cash flow has compounded at 146.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.09**. Debt is 0.09 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 34.3×**. Operating profit covers interest 34.3× over, a safe margin.
- **Current ratio: 1.64** (quick 1.17). Current assets cover the next year's liabilities 1.64 times.
- **Altman Z-score: 7.91**. A Z-score of 7.91 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.31%** (C$0.11 per share, trailing). Lundin Mining Corp. yields 0.31%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 8%** (12% of free cash flow). 8% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 1.7%/yr** (1-yr -61.3%). The dividend has grown 1.7% a year over five years.
- **Shareholder yield: 1.0%**. Dividends plus net buybacks return 1.0% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Lundin Mining Corp.; the consensus is buy, with an average price target of C$41.43 (+17% 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): 121.2%** (YTD 20.5%, 3-mo -4.7%). The shares are up 121.2% over twelve months including dividends.
- **From 52-week high: -22.4%** (119.4% above the low). Trading 22% 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): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 2.41** (volatility 56%). Beta of 2.41 against the S&P/TSX Composite: the shares move much more than the market.

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

Not investment advice.