Lundin Mining Corporation (LUN) - Net Assets
Based on the latest financial reports, Lundin Mining Corporation (LUN) has net assets worth CA$7.93 Billion CAD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$10.80 Billion) and total liabilities (CA$2.87 Billion). 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$7.93 Billion |
| % of Total Assets | 73.43% |
| Annual Growth Rate | 41.75% |
| 5-Year Change | 60.37% |
| 10-Year Change | 120.42% |
| Growth Volatility | 278.81 |
Lundin Mining Corporation - Net Assets Trend (2001–2025)
This chart illustrates how Lundin Mining Corporation'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 Mining Corporation (2001–2025)
The table below shows the annual net assets of Lundin Mining Corporation from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$7.93 Billion | +43.89% |
| 2024-12-31 | CA$5.51 Billion | -13.49% |
| 2023-12-31 | CA$6.37 Billion | +16.31% |
| 2022-12-31 | CA$5.48 Billion | +10.77% |
| 2021-12-31 | CA$4.95 Billion | +10.21% |
| 2020-12-31 | CA$4.49 Billion | +7.22% |
| 2019-12-31 | CA$4.19 Billion | -0.49% |
| 2018-12-31 | CA$4.21 Billion | +2.85% |
| 2017-12-31 | CA$4.09 Billion | +13.64% |
| 2016-12-31 | CA$3.60 Billion | -15.51% |
| 2015-12-31 | CA$4.26 Billion | -12.38% |
| 2014-12-31 | CA$4.86 Billion | +25.66% |
| 2013-12-31 | CA$3.87 Billion | +11.58% |
| 2012-12-31 | CA$3.47 Billion | +4.95% |
| 2011-12-31 | CA$3.30 Billion | +5.43% |
| 2010-12-31 | CA$3.13 Billion | +7.82% |
| 2009-12-31 | CA$2.91 Billion | -3.13% |
| 2008-12-31 | CA$3.00 Billion | -15.52% |
| 2007-12-31 | CA$3.55 Billion | +65.81% |
| 2006-12-31 | CA$2.14 Billion | +771.97% |
| 2005-12-31 | CA$245.58 Million | +42.22% |
| 2004-12-31 | CA$172.68 Million | +1206.45% |
| 2003-12-31 | CA$13.22 Million | +247.28% |
| 2002-12-31 | CA$3.81 Million | +107.98% |
| 2001-12-31 | CA$1.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lundin Mining Corporation'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 127466006900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.27 Billion | 19.19% |
| Common Stock | CA$5.31 Billion | 80.31% |
| Other Comprehensive Income | CA$-23.16 Million | -0.35% |
| Other Components | CA$56.20 Million | 0.85% |
| Total Equity | CA$6.61 Billion | 100.00% |
Lundin Mining Corporation Competitors by Market Cap
The table below lists competitors of Lundin Mining Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China National Uranium Co Ltd
SHE:001280
|
$24.95 Billion |
|
Teva Pharmaceutical Industries Limited
F:TEV
|
$24.98 Billion |
|
Citizens Financial Group, Inc.
NYSE:CFG
|
$25.04 Billion |
|
Fidelity National Information Services Inc
NYSE:FIS
|
$25.12 Billion |
|
LPL Financial Holdings Inc
NASDAQ:LPLA
|
$24.92 Billion |
|
Pan American Silver Corp.
NYSE:PAAS
|
$24.91 Billion |
|
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SHG:600809
|
$24.90 Billion |
|
SAMPO OYJ (SDR)/1
F:SMP
|
$24.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lundin Mining Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,419,510,621 to 6,607,752,956, a change of 2,188,242,335 (49.5%).
- Net income of 1,305,459,599 contributed positively to equity growth.
- Dividend payments of 107,550,334 reduced retained earnings.
- Share repurchases of 156,390,600 reduced equity.
- New share issuances of 10,200,000 increased equity.
- Other comprehensive income increased equity by 352,455,665.
- Other factors increased equity by 784,068,005.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.31 Billion | +19.76% |
| Dividends Paid | CA$107.55 Million | -1.63% |
| Share Repurchases | CA$156.39 Million | -2.37% |
| Share Issuances | CA$10.20 Million | +0.15% |
| Other Comprehensive Income | CA$352.46 Million | +5.33% |
| Other Changes | CA$784.07 Million | +11.87% |
| Total Change | CA$- | 49.51% |
Book Value vs Market Value Analysis
This analysis compares Lundin Mining Corporation'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: 5.24x
- 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 514.94x to 5.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.08 | CA$40.32 | x |
| 2002-12-31 | CA$0.21 | CA$40.32 | x |
| 2003-12-31 | CA$0.55 | CA$40.32 | x |
| 2004-12-31 | CA$2.50 | CA$40.32 | x |
| 2005-12-31 | CA$2.11 | CA$40.32 | x |
| 2006-12-31 | CA$7.46 | CA$40.32 | x |
| 2007-12-31 | CA$10.48 | CA$40.32 | x |
| 2008-12-31 | CA$7.57 | CA$40.32 | x |
| 2009-12-31 | CA$5.28 | CA$40.32 | x |
| 2010-12-31 | CA$5.40 | CA$40.32 | x |
| 2011-12-31 | CA$5.67 | CA$40.32 | x |
| 2012-12-31 | CA$5.94 | CA$40.32 | x |
| 2013-12-31 | CA$6.61 | CA$40.32 | x |
| 2014-12-31 | CA$7.31 | CA$40.32 | x |
| 2015-12-31 | CA$5.32 | CA$40.32 | x |
| 2016-12-31 | CA$4.35 | CA$40.32 | x |
| 2017-12-31 | CA$4.95 | CA$40.32 | x |
| 2018-12-31 | CA$5.05 | CA$40.32 | x |
| 2019-12-31 | CA$4.99 | CA$40.32 | x |
| 2020-12-31 | CA$5.40 | CA$40.32 | x |
| 2021-12-31 | CA$5.96 | CA$40.32 | x |
| 2022-12-31 | CA$6.64 | CA$40.32 | x |
| 2023-12-31 | CA$6.37 | CA$40.32 | x |
| 2024-12-31 | CA$5.70 | CA$40.32 | x |
| 2025-12-31 | CA$7.69 | CA$40.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lundin Mining Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.76%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.29%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.63x
- Recent ROE (19.76%) is above the historical average (2.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 2.67% | 0.00% | 0.00x | 2.43x | CA$-134.16K |
| 2002 | -10.01% | 0.00% | 0.00x | 1.92x | CA$-761.60K |
| 2003 | 6.86% | 0.00% | 0.00x | 1.16x | CA$-415.11K |
| 2004 | 2.85% | 11.93% | 0.12x | 1.93x | CA$-11.92 Million |
| 2005 | 12.23% | 15.60% | 0.47x | 1.66x | CA$5.47 Million |
| 2006 | 7.18% | 28.34% | 0.19x | 1.33x | CA$-59.97 Million |
| 2007 | -4.34% | -14.55% | 0.23x | 1.31x | CA$-509.16 Million |
| 2008 | -31.91% | -114.58% | 0.20x | 1.40x | CA$-1.26 Billion |
| 2009 | 2.54% | 9.88% | 0.20x | 1.28x | CA$-216.85 Million |
| 2010 | 9.78% | 36.07% | 0.22x | 1.21x | CA$-6.99 Million |
| 2011 | 5.56% | 23.45% | 0.20x | 1.17x | CA$-146.53 Million |
| 2012 | 3.55% | 17.08% | 0.18x | 1.15x | CA$-223.48 Million |
| 2013 | 3.54% | 18.79% | 0.16x | 1.21x | CA$-250.05 Million |
| 2014 | 2.56% | 11.84% | 0.12x | 1.74x | CA$-328.02 Million |
| 2015 | -7.69% | -17.28% | 0.25x | 1.78x | CA$-676.47 Million |
| 2016 | -21.08% | -42.81% | 0.25x | 1.94x | CA$-975.63 Million |
| 2017 | 11.80% | 20.53% | 0.34x | 1.71x | CA$65.11 Million |
| 2018 | 5.29% | 11.35% | 0.29x | 1.61x | CA$-174.37 Million |
| 2019 | 4.55% | 8.84% | 0.28x | 1.83x | CA$-200.22 Million |
| 2020 | 4.25% | 8.27% | 0.29x | 1.77x | CA$-228.19 Million |
| 2021 | 17.72% | 23.44% | 0.44x | 1.72x | CA$340.01 Million |
| 2022 | 8.70% | 14.04% | 0.37x | 1.68x | CA$-64.02 Million |
| 2023 | 4.90% | 8.81% | 0.25x | 2.19x | CA$-251.00 Million |
| 2024 | -4.61% | -5.95% | 0.33x | 2.35x | CA$-645.48 Million |
| 2025 | 19.76% | 34.29% | 0.35x | 1.63x | CA$644.68 Million |
Industry Comparison
This section compares Lundin Mining Corporation's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $198,197,392
- Average return on equity (ROE) among peers: -19.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lundin Mining Corporation (LUN) | CA$7.93 Billion | 2.67% | 0.36x | $24.95 Billion |
| Amerigo Resources Ltd. (ARG) | $110.37 Million | 35.59% | 0.22x | $791.29 Million |
| Aranjin Resources Ltd (ARJN) | $-618.72K | 0.00% | 0.00x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $65.98 Million | -10.82% | 0.05x | $652.36 Million |
| Alta Copper Corp. (ATCU) | $69.54 Million | -2.63% | 0.00x | $94.73 Million |
| Axo Copper Corp (AXO) | $11.29 Million | -0.80% | 0.16x | $132.95 Million |
| Bell Copper Corp (BCU) | $8.47 Million | -25.63% | 0.04x | $9.38 Million |
| Capstone Mining Corp (CS) | $44.08K | -158.72% | 3.74x | $7.08 Billion |
| Copper Fox Metals Inc. (CUU) | $272.23K | 0.00% | 0.15x | $227.17 Million |
| Faraday Copper Corp. (FDY) | $2.73 Million | -30.49% | 0.03x | $480.47 Million |
| First Quantum Minerals Ltd (FM) | $1.71 Billion | 2.68% | 0.75x | $23.78 Billion |
About Lundin Mining Corporation
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 Corp… Read more