Lundin Mining Corporation (LUMI) Fair Value & Analysis
Basic Materials · SE · Market cap 203B SEK (≈ $21.2B) · ISIN CA5503721063
What is Lundin Mining Corporation really worth?
A solid business, but trading 61% above our fair value of kr 152.60.
As of Aug 20, 2026, the fair value of Lundin Mining Corporation is kr 152.60 per share against a price of kr 246.20, so the fair value sits 38% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 20, 2026
From 24 valuation models · updated 17 days ago
Fair value updated Aug 20, 2026, revised from kr 178.75 to kr 152.60 (−14.6%) since Aug 13, 2026. Share price −6.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (kr 98.96 to kr 297.55). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.
How to read this chart
60‑month range kr 47.73 – kr 294.94 · fair‑value band kr 98.96 – kr 297.55 · the kr 246.20 price screens above the kr 152.60 fair value. Dashed = 300-day average. As of Aug 20, 2026.
Analysis
Lundin Mining Corporation (LUMI) currently trades at kr 246.20, while our model-based Fair Value estimate is kr 152.60, implying the stock looks roughly 61.3% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of kr 27.34 per share, and 0 of the 24 models we run sit above the kr 246.20 price. Bear case: the Multiples group reads lowest at kr 16.35, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Lundin Mining Corporation generated revenue of 4.3B SEK at a net margin of 33.6%. Revenue grew 26.0% year over year. It earns a return on equity of 22.2%. Net debt stands at 320M SEK. Fundamentals as of Aug 20, 2026
Our scenario range runs from kr 98.96 (bear case) to kr 297.55 (bull case); at kr 246.20, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 163% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −52% fair-value upside, at −38%, LUMI screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 8.84 per share, which is 5.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (kr 27.34) versus Asset-Based (kr 5.19). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 52
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, and Argentina. It explores for copper, gold, silver, molybdenum, and other metal deposits. The company was formerly known as South Atlantic Ventures Ltd.
Full company description
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, and Argentina. It explores for copper, gold, silver, molybdenum, and other metal deposits. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Vancouver, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lundin Mining Corporation reported revenue of $3.8B in FY2025 versus $3.3B in FY2021, a compound +3.4%/yr. Reported net income was $1.3B in FY2025, compounding +13.7%/yr from FY2021.
LUMI screens 61% overvalued. Compare with Southern Copper Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Lundin Mining's Chile Operations Impacted by Second Severe Winter Storm
- Lundin Mining (TSX:LUN) Restarts Caserones After Chile Storms Cut Power
- Zacks Industry Outlook Southern Copper, Freeport, Lundin, Energy and Ero
- Lundin Mining (LUNMF) Misses Q2 Earnings Estimates
Peer Group
Copper · 59 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Copper median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Copper stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Southern Copper Corporation SCCO | $216.28 | $85.17 | −61% |
| Freeport-McMoRan Inc FCX | $75.74 | $22.81 | −70% |
| First Quantum Minerals Ltd FM | C$43.46 | C$16.35 | −62% |
| Jiangxi Copper Company 600362 | ¥45.86 | ¥35.19 | −23% |
| Tongling Nonferrous Metals Group 000630 | ¥6.37 | ¥3.06 | −52% |
| MMG Limited 1208 | HK$9.08 | HK$5.29 | −42% |
| Hudbay Minerals Inc HBM | C$38.79 | C$21.25 | −45% |
| Zhejiang Hailiang Co 002203 | ¥19.78 | ¥6.39 | −68% |
| Capstone Copper Corp CS | C$14.82 | C$9.91 | −33% |
| Yunnan Copper Co 000878 | ¥17.06 | ¥7.46 | −56% |
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