Lundin Gold Inc (LUG) - Net Assets

Latest as of September 2025: CA$1.32 Billion CAD

Based on the latest financial reports, Lundin Gold Inc (LUG) has net assets worth CA$1.32 Billion CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.64 Billion) and total liabilities (CA$316.25 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$1.32 Billion
% of Total Assets 80.66%
Annual Growth Rate 50.08%
5-Year Change 107.26%
10-Year Change 366.23%
Growth Volatility 717.53

Lundin Gold Inc - Net Assets Trend (1998–2024)

This chart illustrates how Lundin Gold Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Lundin Gold Inc (1998–2024)

The table below shows the annual net assets of Lundin Gold Inc from 1998 to 2024.

Year Net Assets Change
2024-12-31 CA$1.22 Billion +27.25%
2023-12-31 CA$955.81 Million +12.17%
2022-12-31 CA$852.08 Million +4.62%
2021-12-31 CA$814.48 Million +38.79%
2020-12-31 CA$586.86 Million +25.71%
2019-12-31 CA$466.82 Million -21.94%
2018-12-31 CA$598.04 Million +154.65%
2017-12-31 CA$234.85 Million -12.94%
2016-12-31 CA$269.74 Million +3.40%
2015-12-31 CA$260.88 Million -16.27%
2014-12-31 CA$311.57 Million +1363.21%
2013-12-31 CA$21.29 Million -7.15%
2012-12-31 CA$22.93 Million +0.82%
2011-12-31 CA$22.74 Million +148.04%
2010-12-31 CA$9.17 Million -49.35%
2009-12-31 CA$18.10 Million -8.34%
2008-12-31 CA$19.75 Million +470.01%
2007-12-31 CA$3.46 Million -85.90%
2006-12-31 CA$24.57 Million +272.17%
2005-12-31 CA$6.60 Million +38.30%
2004-12-31 CA$4.77 Million +3418.45%
2003-12-31 CA$135.70K -50.74%
2002-12-31 CA$275.50K -76.33%
2001-12-31 CA$1.16 Million -3.53%
2000-12-31 CA$1.21 Million +1877.59%
1999-12-31 CA$-67.88K -314.63%
1998-12-31 CA$31.63K --

Equity Component Analysis

This analysis shows how different components contribute to Lundin Gold Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 21327065566.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CA$212.59 Million 17.48%
Common Stock CA$1.04 Billion 85.13%
Other Comprehensive Income CA$-31.69 Million -2.61%
Total Equity CA$1.22 Billion 100.00%

Lundin Gold Inc Competitors by Market Cap

The table below lists competitors of Lundin Gold Inc ranked by their market capitalization.

Company Market Cap
CyberArk Software Ltd
NASDAQ:CYBR
 		$20.64 Billion
US Foods Holding Corp
NYSE:USFD
 		$20.66 Billion
Yageo Corp
TW:2327
 		$20.66 Billion
NetApp Inc
NASDAQ:NTAP
 		$20.70 Billion
Nanya Technology Corp
TW:2408
 		$20.50 Billion
First Solar Inc
NASDAQ:FSLR
 		$20.44 Billion
Principal Financial Group Inc
NASDAQ:PFG
 		$20.43 Billion
Huatai Securities Co Ltd
SHG:601688
 		$20.39 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lundin Gold Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 955,806,000 to 1,216,299,000, a change of 260,493,000 (27.3%).
  • Net income of 426,050,000 contributed positively to equity growth.
  • Dividend payments of 143,846,000 reduced retained earnings.
  • Share repurchases of 22,141,000 reduced equity.
  • Other comprehensive income decreased equity by 48,177,999.
  • Other factors increased equity by 48,607,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$426.05 Million +35.03%
Dividends Paid CA$143.85 Million -11.83%
Share Repurchases CA$22.14 Million -1.82%
Other Comprehensive Income CA$-48.18 Million -3.96%
Other Changes CA$48.61 Million +4.0%
Total Change CA$- 27.25%

Book Value vs Market Value Analysis

This analysis compares Lundin Gold Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 23.31x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 1675.26x to 23.31x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CA$0.07 CA$117.43 x
1999-12-31 CA$-0.15 CA$117.43 x
2000-12-31 CA$2.69 CA$117.43 x
2001-12-31 CA$2.55 CA$117.43 x
2002-12-31 CA$0.59 CA$117.43 x
2003-12-31 CA$0.28 CA$117.43 x
2004-12-31 CA$3.24 CA$117.43 x
2005-12-31 CA$2.22 CA$117.43 x
2006-12-31 CA$6.93 CA$117.43 x
2007-12-31 CA$0.82 CA$117.43 x
2008-12-31 CA$3.73 CA$117.43 x
2009-12-31 CA$2.27 CA$117.43 x
2010-12-31 CA$1.00 CA$117.43 x
2011-12-31 CA$1.56 CA$117.43 x
2012-12-31 CA$1.55 CA$117.43 x
2013-12-31 CA$1.44 CA$117.43 x
2014-12-31 CA$16.95 CA$117.43 x
2015-12-31 CA$2.58 CA$117.43 x
2016-12-31 CA$2.48 CA$117.43 x
2017-12-31 CA$1.97 CA$117.43 x
2018-12-31 CA$3.12 CA$117.43 x
2019-12-31 CA$2.11 CA$117.43 x
2020-12-31 CA$2.58 CA$117.43 x
2021-12-31 CA$3.47 CA$117.43 x
2022-12-31 CA$3.60 CA$117.43 x
2023-12-31 CA$4.00 CA$117.43 x
2024-12-31 CA$5.04 CA$117.43 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lundin Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 35.03%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 35.71%
  • • Asset Turnover: 0.78x
  • • Equity Multiplier: 1.26x
  • Recent ROE (35.03%) is above the historical average (-52.41%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 -220.97% -310.66% 0.45x 1.59x CA$-73.05K
1999 0.00% -749.29% 0.93x 0.00x CA$-174.16K
2000 -5.75% -263.17% 0.02x 1.02x CA$-190.00K
2001 0.04% 0.61% 0.06x 1.04x CA$-115.95K
2002 -345.19% -36930.46% 0.01x 1.19x CA$-978.55K
2003 -146.64% -6197.45% 0.01x 1.62x CA$-212.57K
2004 -17.22% 0.00% 0.00x 1.10x CA$-1.30 Million
2005 -70.03% 0.00% 0.00x 1.03x CA$-5.28 Million
2006 -4.50% 0.00% 0.00x 1.03x CA$-3.56 Million
2007 -332.41% 0.00% 0.00x 1.30x CA$-11.86 Million
2008 -69.85% 0.00% 0.00x 1.02x CA$-15.77 Million
2009 -51.31% 0.00% 0.00x 1.03x CA$-11.10 Million
2010 -137.72% 0.00% 0.00x 1.01x CA$-13.54 Million
2011 -4.36% 0.00% 0.00x 1.00x CA$-3.27 Million
2012 -2.03% 0.00% 0.00x 1.00x CA$-2.76 Million
2013 -1.22% 0.00% 0.00x 1.00x CA$-2.39 Million
2014 -0.24% 0.00% 0.00x 1.02x CA$-31.91 Million
2015 -17.37% 0.00% 0.00x 1.02x CA$-71.41 Million
2016 -23.29% 0.00% 0.00x 1.03x CA$-89.79 Million
2017 -17.52% 0.00% 0.00x 2.05x CA$-64.62 Million
2018 -3.69% 0.00% 0.00x 1.69x CA$-81.87 Million
2019 -25.48% -322.73% 0.03x 3.02x CA$-165.63 Million
2020 -8.04% -13.17% 0.24x 2.57x CA$-105.84 Million
2021 27.19% 30.19% 0.44x 2.07x CA$139.98 Million
2022 8.63% 9.02% 0.49x 1.96x CA$-11.65 Million
2023 18.78% 19.88% 0.61x 1.54x CA$83.88 Million
2024 35.03% 35.71% 0.78x 1.26x CA$304.42 Million

Industry Comparison

This section compares Lundin Gold Inc's net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $24,072,852
  • Average return on equity (ROE) among peers: -15.59%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Lundin Gold Inc (LUG) CA$1.32 Billion -220.97% 0.24x $20.53 Billion
Abcourt Mines Inc. (ABI) $-6.28 Million 0.00% 0.00x $86.06 Million
Athabasca Minerals Inc (ABM) $27.09 Million -2.83% 0.47x $3.68 Million
American Eagle Gold Corp (AE) $3.52 Million -143.42% 0.34x $148.82 Million
Aero Energy Limited (AERO) $11.66 Million -21.36% 0.02x $9.68 Million
AIS Resources Ltd (AIS) $710.09K -3.25% 0.03x $1.76 Million
Algo Grande Copper Corp. (ALGR) $-778.01K 0.00% 0.00x $9.71 Million
Alkane Resources Limited (ALK) $191.56 Million 29.08% 0.23x $985.87 Million
Alliance Mining Corp (ALM) $-2.44 Million 0.00% 0.00x $1.58 Million
Altamira Gold Corp (ALTA) $11.44 Million -9.87% 0.03x $38.60 Million
Argus Metals Corp. (AML) $4.24 Million -4.26% 0.13x $1.59 Million

About Lundin Gold Inc

TO:LUG Canada Gold
Market Cap
$20.53 Billion
CA$28.38 Billion CAD
Market Cap Rank
#1123 Global
#18 in Canada
Share Price
CA$117.43
Change (1 day)
+4.61%
52-Week Range
CA$54.67 - CA$128.57
All Time High
CA$128.57
Categories
Companies in Canada Gold
About

Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares loca… Read more