Lundin Gold Inc (LUG) - Net Assets
Based on the latest financial reports, Lundin Gold Inc (LUG) has net assets worth CA$1.32 Billion CAD (≈ $953.96 Million USD) 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 ≈ $1.18 Billion USD) and total liabilities (CA$316.25 Million ≈ $228.77 Million USD). 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. Check tangible equity quality of Lundin Gold Inc to evaluate the tangible quality of the company's equity base.
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. See LUG defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see LUG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.22 Billion ≈ $879.85 Million |
+27.25% |
| 2023-12-31 | CA$955.81 Million ≈ $691.42 Million |
+12.17% |
| 2022-12-31 | CA$852.08 Million ≈ $616.38 Million |
+4.62% |
| 2021-12-31 | CA$814.48 Million ≈ $589.18 Million |
+38.79% |
| 2020-12-31 | CA$586.86 Million ≈ $424.52 Million |
+25.71% |
| 2019-12-31 | CA$466.82 Million ≈ $337.69 Million |
-21.94% |
| 2018-12-31 | CA$598.04 Million ≈ $432.62 Million |
+154.65% |
| 2017-12-31 | CA$234.85 Million ≈ $169.89 Million |
-12.94% |
| 2016-12-31 | CA$269.74 Million ≈ $195.13 Million |
+3.40% |
| 2015-12-31 | CA$260.88 Million ≈ $188.72 Million |
-16.27% |
| 2014-12-31 | CA$311.57 Million ≈ $225.38 Million |
+1363.21% |
| 2013-12-31 | CA$21.29 Million ≈ $15.40 Million |
-7.15% |
| 2012-12-31 | CA$22.93 Million ≈ $16.59 Million |
+0.82% |
| 2011-12-31 | CA$22.74 Million ≈ $16.45 Million |
+148.04% |
| 2010-12-31 | CA$9.17 Million ≈ $6.63 Million |
-49.35% |
| 2009-12-31 | CA$18.10 Million ≈ $13.10 Million |
-8.34% |
| 2008-12-31 | CA$19.75 Million ≈ $14.29 Million |
+470.01% |
| 2007-12-31 | CA$3.46 Million ≈ $2.51 Million |
-85.90% |
| 2006-12-31 | CA$24.57 Million ≈ $17.78 Million |
+272.17% |
| 2005-12-31 | CA$6.60 Million ≈ $4.78 Million |
+38.30% |
| 2004-12-31 | CA$4.77 Million ≈ $3.45 Million |
+3418.45% |
| 2003-12-31 | CA$135.70K ≈ $98.17K |
-50.74% |
| 2002-12-31 | CA$275.50K ≈ $199.29K |
-76.33% |
| 2001-12-31 | CA$1.16 Million ≈ $842.07K |
-3.53% |
| 2000-12-31 | CA$1.21 Million ≈ $872.86K |
+1877.59% |
| 1999-12-31 | CA$-67.88K ≈ $-49.10K |
-314.63% |
| 1998-12-31 | CA$31.63K ≈ $22.88K |
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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 |
|---|---|
|
HAIER SM.HME UNSP.ADR/4
F:HAI0
|
$15.17 Billion |
|
Daqin Railway Co Ltd
SHG:601006
|
$15.18 Billion |
|
Carlyle Group Inc
NASDAQ:CG
|
$15.21 Billion |
|
SharkNinja, Inc.
NYSE:SN
|
$15.21 Billion |
|
Clean Harbors Inc
NYSE:CLH
|
$15.15 Billion |
|
Guosen Securities Co Ltd
SHE:002736
|
$15.14 Billion |
|
True Corporation Public Company Limited
BK:TRUE
|
$15.08 Billion |
|
Yum China Holdings Inc
NYSE:YUMC
|
$15.07 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: 17.21x
- 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 1236.72x to 17.21x 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$86.69 | x |
| 1999-12-31 | CA$-0.15 | CA$86.69 | x |
| 2000-12-31 | CA$2.69 | CA$86.69 | x |
| 2001-12-31 | CA$2.55 | CA$86.69 | x |
| 2002-12-31 | CA$0.59 | CA$86.69 | x |
| 2003-12-31 | CA$0.28 | CA$86.69 | x |
| 2004-12-31 | CA$3.24 | CA$86.69 | x |
| 2005-12-31 | CA$2.22 | CA$86.69 | x |
| 2006-12-31 | CA$6.93 | CA$86.69 | x |
| 2007-12-31 | CA$0.82 | CA$86.69 | x |
| 2008-12-31 | CA$3.73 | CA$86.69 | x |
| 2009-12-31 | CA$2.27 | CA$86.69 | x |
| 2010-12-31 | CA$1.00 | CA$86.69 | x |
| 2011-12-31 | CA$1.56 | CA$86.69 | x |
| 2012-12-31 | CA$1.55 | CA$86.69 | x |
| 2013-12-31 | CA$1.44 | CA$86.69 | x |
| 2014-12-31 | CA$16.95 | CA$86.69 | x |
| 2015-12-31 | CA$2.58 | CA$86.69 | x |
| 2016-12-31 | CA$2.48 | CA$86.69 | x |
| 2017-12-31 | CA$1.97 | CA$86.69 | x |
| 2018-12-31 | CA$3.12 | CA$86.69 | x |
| 2019-12-31 | CA$2.11 | CA$86.69 | x |
| 2020-12-31 | CA$2.58 | CA$86.69 | x |
| 2021-12-31 | CA$3.47 | CA$86.69 | x |
| 2022-12-31 | CA$3.60 | CA$86.69 | x |
| 2023-12-31 | CA$4.00 | CA$86.69 | x |
| 2024-12-31 | CA$5.04 | CA$86.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lundin Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 35.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.71%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.26x
- Recent ROE (35.03%) is above the historical average (-52.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -220.97% | -310.66% | 0.45x | 1.59x | CA$-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: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
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 | $15.16 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Lundin Gold Inc
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