Company Valuation: Lundin Gold Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,515 2,432 3,118 3,934 7,364 17,656 - -
Change - -3.31% 28.21% 26.19% 87.19% 139.75% - -
Enterprise Value (EV) 1 3,491 3,039 3,118 3,985 6,868 16,901 16,606 16,145
Change - -12.94% 2.58% 27.82% 72.35% 146.07% -1.74% -2.78%
P/E ratio -41.5x 8.71x 31.5x 16.3x 12.3x 20.2x 19x 19.5x
PBR 3.41x 2.35x - 3.05x 4.25x 8.56x 7.04x 6.01x
PEG - -0x -0.5x 0x 0x 0.4x 3.04x -6.91x
Capitalization / Revenue 5.59x 2.61x 2.81x 3.23x 4.35x 8.2x 7.71x 8.14x
EV / Revenue 7.76x 3.26x 2.81x 3.27x 4.05x 7.85x 7.25x 7.44x
EV / EBITDA 15.6x 5.57x 4.9x 5.61x 6.2x 11.3x 10.8x 10.9x
EV / EBIT 22.7x 7.44x 6.86x 7.56x 7.71x 12.8x 11.8x 12.6x
EV / FCF 50.7x 6.62x 6.21x 11.2x 8.96x 18.4x 17.1x 19.1x
FCF Yield 1.97% 15.1% 16.1% 8.94% 11.2% 5.43% 5.84% 5.23%
Dividend per Share 2 - - 0.405 0.5406 0.8523 2.959 4.31 2.509
Rate of return - - 3.06% 3.27% 2.78% 4.04% 5.89% 3.43%
EPS 2 -0.2637 1.196 0.4204 1.012 2.499 3.63 3.857 3.748
Distribution rate - - 96.3% 53.4% 34.1% 81.5% 112% 66.9%
Net sales 1 449.7 933.2 1,111 1,218 1,694 2,153 2,290 2,170
EBITDA 1 223.3 545.5 636.4 710.1 1,107 1,490 1,534 1,478
EBIT 1 153.8 408.7 454.2 527 891.3 1,315 1,410 1,277
Net income 1 -59.21 281.8 99.77 242.3 605 887.8 955.4 913.3
Net Debt 1 976.2 607.5 - 50.84 -496.1 -755.2 -1,050 -1,511
Reference price 2 10.93 10.42 13.23 16.54 30.66 73.18 73.18 73.18
Nbr of stocks (in thousands) 230,088 233,362 235,647 237,860 240,195 241,265 - -
Announcement Date 2/24/21 2/23/22 2/23/23 2/22/24 2/21/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.16x7.85x11.35x4.04% 12.94B
11.35x3.4x6.35x1.66% 66.23B
18.26x5.62x8.82x1.2% 61.39B
39.29x22.02x27.83x0.73% 42.08B
12.26x2.39x4.18x1.95% 37.19B
8.29x2.5x3.91x6.54% 24.16B
14.43x3.1x5.52x0.75% 19.74B
27.95x3.69x10.75x3.06% 15.62B
22.22x6.3x10.17x0.36% 11.68B
21.76x11.48x14.34x1.07% 11.07B
Average 19.59x 6.84x 10.32x 2.14% 30.21B
Weighted average by Cap. 18.75x 6.84x 10.21x 1.91%
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Year-on-year evolution of the PER

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.