LUGDF (Lundin Gold) Intrinsic Value: Projected FCF: $33.50 (As of Aug. 24, 2026) — 1302% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LUGDF Lundin Gold Inc LUGDF
83 GF Score
Price $74.45
GF Value $49.43
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Lundin Gold Intrinsic Value: Projected FCF?

Lundin Gold LUGDF +1.75% 83 Intrinsic Value: Projected FCF is $33.50 as of Aug. 24, 2026, which is 1302% above its 10-year median of 2.39. GuruFocus rates LUGDF with a GF Score™ of 83/100 and a GF Value™ of $49.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 652 Metals & Mining companies, Lundin Gold ranks better than 53.53% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-24), Lundin Gold's Intrinsic Value: Projected FCF is $33.50. The stock price of Lundin Gold is $74.45. Therefore, Lundin Gold's Price-to-Intrinsic-Value-Projected-FCF of today is 2.2.

The historical rank and industry rank for Lundin Gold's Intrinsic Value: Projected FCF or its related term are showing as below:

LUGDF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.31   Med: 2.39   Max: 44.52
Current: 2.22

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Lundin Gold was 44.52. The lowest was 1.31. And the median was 2.39.

LUGDF's Price-to-Projected-FCF is ranked better than
53.53% of 652 companies
in the Metals & Mining industry
Industry Median: 2.365 vs LUGDF: 2.22

Lundin Gold  (OTCPK:LUGDF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Lundin Gold's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=74.45/34.022098183472
=2.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lundin Gold Intrinsic Value: Projected FCF Related Terms


Lundin Gold Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Lundin Gold's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lundin Gold Intrinsic Value: Projected FCF Chart

Lundin Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.40 5.14 8.97 12.98 21.44

Lundin Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.44 18.13 21.44 34.66 32.55

LUGDF vs NEM, AU: Intrinsic Value: Projected FCF Comparison

For the Gold subindustry, Lundin Gold's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lundin Gold Price-to-Projected-FCF vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lundin Gold's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Lundin Gold's Price-to-Projected-FCF falls into.


LUGDF
83GF Score
Lundin Gold Inc LUGDF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lundin Gold Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Lundin Gold's Free Cash Flow(6 year avg) = $526.50.

Lundin Gold's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*526.5032+543.951*0.8)/242.795
=34.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $33.50 mean?
Lundin Gold (LUGDF) has a Intrinsic Value: Projected FCF of $33.50 as of Aug. 24, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Lundin Gold and its competitors. This is 1302% above median its historical median of 2.39. Over the past decade, Lundin Gold's Intrinsic Value: Projected FCF has ranged from 1.31 to 44.52. According to the industry distribution chart, Lundin Gold ranks #303 out of 652 companies in the Metals & Mining industry, placing it in the top 46.5%.
Is Lundin Gold's Intrinsic Value: Projected FCF too high?
Lundin Gold's current Intrinsic Value: Projected FCF of $33.50 is 1302% above median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 44.52. The Metals & Mining industry median Intrinsic Value: Projected FCF is 2.37. Lundin Gold's value of $33.50 is 1316.5% above this industry median. Based on the distribution chart, Lundin Gold ranks #303 out of 652 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Lundin Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lundin Gold's Intrinsic Value: Projected FCF compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Lundin Gold ranks #303 out of 652 companies for Intrinsic Value: Projected FCF. This puts Lundin Gold in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 2.37. Lundin Gold's value of $33.50 is 1316.5% above this benchmark. Historically, Lundin Gold's own Intrinsic Value: Projected FCF has ranged from 1.31 to 44.52 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 2.37, Lundin Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Metals & Mining company?
The median Intrinsic Value: Projected FCF among Metals & Mining companies is 2.37, based on 652 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lundin Gold's current Intrinsic Value: Projected FCF of $33.50 is 1316.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Lundin Gold and its competitors. For the Metals & Mining industry, the median Intrinsic Value: Projected FCF is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lundin Gold's current Intrinsic Value: Projected FCF is $33.50, which is 1302% above median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lundin Gold stock overvalued right now?
Based on GuruFocus' analysis, Lundin Gold (LUGDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $49.43, compared to a current price of $74.45 — trading 50.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is $33.50, which is 1302% above median its 10-year median of 2.39 and 1316.5% above the Metals & Mining industry median of 2.37. Lundin Gold's overall GF Score™ is 83/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Lundin Gold (LUGDF), the current Intrinsic Value: Projected FCF is $33.50 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lundin Gold (LUGDF) Overvalued in 2026?

Based on GuruFocus' analysis, Lundin Gold stock appears to be overvalued. The current stock price of $74.45 is trading 50.6% above its estimated GF Value™ of $49.43. GuruFocus considers Lundin Gold to be Significantly Overvalued.

Key valuation signals for LUGDF:

  • Intrinsic Value: Projected FCF: $33.50 (1302% above median its 10-year median of 2.39)
  • GF Value™: $49.43 vs. price of $74.45 (50.6% above fair value)
  • GF Score™: 83/100 with 2 warning signs
  • Industry Position: 1316.5% above the Metals & Mining median (#303 of 652)

No single metric tells the full story. See the LUGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lundin Gold Business Description

Address 1055 Dunsmuir Street, Suite 2800, Four Bentall Centre, Po Box 49225, Vancouver, BC, CAN, V7X 1L2
Lundin Gold Inc is a Canada based company focused on its Fruta del Norte gold operation and developing its portfolio of mineral concessions in Ecuador. The Fruta del Norte deposit is located within long copper-gold metallogenic sub-province located in the Cordillera del Condor region in southeastern Ecuador. The company[s primary business activity is the Fruta del Norte operating mine in Ecuador which derives majority of its revenues.
83GF Score

Get the complete analysis for LUGDF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$74.45
Price
$49.43
GF Value