Company Valuation: Lundin Gold Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,432 3,118 3,934 7,364 27,528 27,491 - -
Change - 28.21% 26.19% 87.19% 273.8% -0.13% - -
Enterprise Value (EV) 1 3,039 3,118 3,985 6,868 27,528 25,855 25,280 24,639
Change - 2.58% 27.82% 72.35% 300.8% -6.08% -2.22% -2.54%
P/E ratio 8.71x 31.5x 16.3x 12.3x 25.5x 17.2x 16x 19.4x
PBR 2.35x - 3.05x 4.25x - 11x 8.84x 7.42x
PEG - -0.5x 0x 0x 0.3x 0.4x 2.24x -1.1x
Capitalization / Revenue 2.61x 2.81x 3.23x 4.35x 11.3x 8.65x 8.58x 8.74x
EV / Revenue 3.26x 2.81x 3.27x 4.05x 11.3x 8.13x 7.89x 7.83x
EV / EBITDA 5.57x 4.9x 5.61x 6.2x 16.3x 10.6x 10.1x 11.2x
EV / EBIT 7.44x 6.86x 7.56x 7.71x 18.2x 9.7x 9.59x 11.5x
EV / FCF 6.62x 6.21x 11.2x 8.96x - 15.7x 15.3x 17.7x
FCF Yield 15.1% 16.1% 8.94% 11.2% - 6.38% 6.52% 5.65%
Dividend per Share 2 - 0.405 0.5406 0.8523 - 4.543 3.523 3.389
Rate of return - 3.06% 3.27% 2.78% - 4% 3.1% 2.98%
EPS 2 1.196 0.4204 1.012 2.499 4.476 6.618 7.09 5.866
Distribution rate - 96.3% 53.4% 34.1% - 68.6% 49.7% 57.8%
Net sales 1 933.2 1,111 1,218 1,694 2,441 3,178 3,203 3,145
EBITDA 1 545.5 636.4 710.1 1,107 1,692 2,431 2,506 2,203
EBIT 1 408.7 454.2 527 891.3 1,509 2,666 2,637 2,142
Net income 1 281.8 99.77 242.3 605 1,084 1,623 1,754 1,422
Net Debt 1 607.5 - 50.84 -496.1 - -1,637 -2,212 -2,853
Reference price 2 10.42 13.23 16.54 30.66 114.02 113.70 113.70 113.70
Nbr of stocks (in thousands) 2,33,362 2,35,647 2,37,860 2,40,195 2,41,433 2,41,790 - -
Announcement Date 23/02/22 23/02/23 22/02/24 21/02/25 20/02/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
18.01x8.55x11.18x3.81% 2.12TCr
12.3x4.32x6.58x0.86% 13TCr
15.97x6.36x8.85x0.74% 11TCr
11.82x3.3x4.75x1.74% 7.73TCr
48.24x30.46x36.81x0.44% 6.85TCr
16.99x5.5x8.84x2.88% 5.47TCr
10.73x3.74x5.65x0.43% 3.94TCr
17.4x4.35x7.87x2.21% 2.65TCr
23.13x11.73x13.44x0.67% 2.39TCr
19.94x7.31x9.89x0.23% 2.12TCr
Average 19.45x 8.56x 11.39x 1.4% 5.75TCr
Weighted average by Cap. 18.75x 8.35x 11.17x 1.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Lundin Gold Inc.
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