Lundin Historical Income Statement

LUG Stock

CAD 32.24 0.46 1.45%

Historical analysis of Lundin Gold income statement accounts such as Total Revenue of 947.6 M can show how well Lundin Gold performed in making a profits. Evaluating Lundin Gold income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Lundin Gold's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Lundin Gold latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Lundin Gold is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Lundin Income Statement Analysis

Lundin Gold Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Lundin Gold shareholders. The income statement also shows Lundin investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Lundin Gold Income Statement Chart

At this time, Lundin Gold's Operating Income is very stable compared to the past year. As of the 27th of November 2024, EBIT is likely to grow to about 351.6 M, though Total Other Income Expense Net is likely to grow to (31.4 M).

Interest Expense Selling General Administrative Total Revenue Other Operating Expenses Total Operating Expenses Net Income Applicable To Common Shares

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Total Revenue

Total revenue comprises all receipts Lundin Gold generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lundin Gold. It is also known as Lundin Gold overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from Lundin Gold's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Lundin Gold current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lundin Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Lundin Gold income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Net Income From Continuing Ops	Cost Of Revenue	Interest Income	Net Interest Income	Reconciled Depreciation	Tax Provision
Depreciation And Amortization		0.61	0.53	1.0	0.97	1.0	0.91	0.92	0.96	0.51	0.8	0.74	0.91	-0.07	0.84	0.97	0.3	-0.79	1.0	0.93
Interest Expense	0.61		0.68	0.61	0.57	0.62	0.51	0.55	0.58	0.41	0.44	0.37	0.45	-0.27	0.44	0.56	0.2	-0.53	0.61	0.47
Selling General Administrative	0.53	0.68		0.53	0.57	0.57	0.48	0.52	0.53	0.74	0.13	0.31	0.21	-0.69	0.18	0.57	0.16	-0.37	0.52	0.31
Total Revenue	1.0	0.61	0.53		0.97	1.0	0.93	0.94	0.97	0.51	0.8	0.75	0.91	-0.1	0.85	0.98	0.29	-0.77	1.0	0.92
Gross Profit	0.97	0.57	0.57	0.97		0.96	0.94	0.96	0.97	0.48	0.69	0.83	0.86	-0.26	0.79	0.99	0.38	-0.72	0.97	0.88
Other Operating Expenses	1.0	0.62	0.57	1.0	0.96		0.91	0.92	0.96	0.58	0.78	0.74	0.89	-0.1	0.83	0.97	0.29	-0.78	1.0	0.92
Operating Income	0.91	0.51	0.48	0.93	0.94	0.91		1.0	0.99	0.43	0.79	0.72	0.9	-0.26	0.88	0.91	0.06	-0.49	0.91	0.79
Ebit	0.92	0.55	0.52	0.94	0.96	0.92	1.0		0.99	0.42	0.78	0.72	0.89	-0.3	0.87	0.93	0.11	-0.53	0.92	0.79
Ebitda	0.96	0.58	0.53	0.97	0.97	0.96	0.99	0.99		0.46	0.8	0.74	0.91	-0.23	0.87	0.96	0.17	-0.61	0.96	0.85
Total Operating Expenses	0.51	0.41	0.74	0.51	0.48	0.58	0.43	0.42	0.46		0.18	0.39	0.27	-0.31	0.2	0.56	0.1	-0.35	0.51	0.4
Net Income	0.8	0.44	0.13	0.8	0.69	0.78	0.79	0.78	0.8	0.18		0.36	0.95	0.25	0.98	0.67	-0.17	-0.48	0.8	0.72
Income Tax Expense	0.74	0.37	0.31	0.75	0.83	0.74	0.72	0.72	0.74	0.39	0.36		0.63	-0.15	0.49	0.83	0.62	-0.63	0.74	0.8
Income Before Tax	0.91	0.45	0.21	0.91	0.86	0.89	0.9	0.89	0.91	0.27	0.95	0.63		0.15	0.98	0.85	0.08	-0.61	0.91	0.87
Total Other Income Expense Net	-0.07	-0.27	-0.69	-0.1	-0.26	-0.1	-0.26	-0.3	-0.23	-0.31	0.25	-0.15	0.15		0.13	-0.22	-0.04	-0.16	-0.07	0.15
Net Income From Continuing Ops	0.84	0.44	0.18	0.85	0.79	0.83	0.88	0.87	0.87	0.2	0.98	0.49	0.98	0.13		0.76	-0.07	-0.5	0.85	0.77
Cost Of Revenue	0.97	0.56	0.57	0.98	0.99	0.97	0.91	0.93	0.96	0.56	0.67	0.83	0.85	-0.22	0.76		0.41	-0.77	0.97	0.9
Interest Income	0.3	0.2	0.16	0.29	0.38	0.29	0.06	0.11	0.17	0.1	-0.17	0.62	0.08	-0.04	-0.07	0.41		-0.7	0.3	0.46
Net Interest Income	-0.79	-0.53	-0.37	-0.77	-0.72	-0.78	-0.49	-0.53	-0.61	-0.35	-0.48	-0.63	-0.61	-0.16	-0.5	-0.77	-0.7		-0.79	-0.84
Reconciled Depreciation	1.0	0.61	0.52	1.0	0.97	1.0	0.91	0.92	0.96	0.51	0.8	0.74	0.91	-0.07	0.85	0.97	0.3	-0.79		0.93
Tax Provision	0.93	0.47	0.31	0.92	0.88	0.92	0.79	0.79	0.85	0.4	0.72	0.8	0.87	0.15	0.77	0.9	0.46	-0.84	0.93

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Lundin Gold Account Relationship Matchups

Lundin Gold income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	528K	55.4M	107.6M	130.7M	136.6M	143.5M
Selling General Administrative	21.7M	47.1M	25.5M	19.4M	21.0M	22.1M
Total Revenue	36.9M	358.2M	733.3M	815.7M	902.5M	947.6M
Other Operating Expenses	27.1M	235.7M	412.2M	480.8M	512.1M	537.7M
Operating Income	68.9M	110.6M	355.7M	130.9M	435.2M	456.9M
Ebit	68.5M	110.6M	302.0M	130.9M	334.9M	351.6M
Ebitda	69.1M	166.0M	409.6M	261.6M	471.5M	495.1M
Total Operating Expenses	27.1M	49.9M	34.6M	34.9M	44.8M	47.0M
Net Income	(213.2M)	(47.2M)	221.4M	73.6M	179.5M	188.4M
Income Tax Expense	94.3M	(13.2M)	35.7M	103.7M	105.6M	110.9M
Income Before Tax	(118.9M)	(60.4M)	257.1M	177.3M	285.0M	299.3M
Total Other Income Expense Net	(187.9M)	(170.9M)	(98.6M)	46.3M	(33.1M)	(31.4M)
Net Income From Continuing Ops	(118.9M)	(47.2M)	221.4M	73.6M	179.5M	188.4M
Net Income Applicable To Common Shares	(118.9M)	(47.2M)	221.4M	73.6M	84.6M	88.8M
Interest Income	94.3M	402K	353K	145.8M	13.0M	12.3M
Net Interest Income	1.8M	(44.9M)	(50.9M)	(235.7M)	(72.3M)	(75.9M)
Reconciled Depreciation	130K	55.4M	107.6M	130.7M	136.6M	143.5M

Pair Trading with Lundin Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lundin Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lundin Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lundin Stock

0.92	AG	First Majestic Silver	Pair Corr
0.87	IE	Ivanhoe Energy	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr

Moving against Lundin Stock

0.43

INFM

Infinico Metals Corp

Pair Corr

The ability to find closely correlated positions to Lundin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lundin Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lundin Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lundin Gold to buy it.

The correlation of Lundin Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lundin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lundin Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Lundin Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Lundin Stock

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Lundin Historical Income Statement

About Lundin Income Statement Analysis

Lundin Gold Income Statement Chart

Interest Expense

Total Revenue

Other Operating Expenses

Total Operating Expenses

Net Income Applicable To Common Shares

Lundin Gold income statement Correlations

Lundin Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lundin Gold income statement Accounts

Pair Trading with Lundin Gold

Moving together with Lundin Stock

Moving against Lundin Stock

Other Information on Investing in Lundin Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Revenue	+ 1.0	Depreciation And Amortization
Other Operating Expenses	+ 1.0	Depreciation And Amortization
Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Other Operating Expenses	+ 1.0	Total Revenue
Reconciled Depreciation	+ 1.0	Total Revenue
Reconciled Depreciation	+ 1.0	Other Operating Expenses

Tax Provision	- 0.84	Net Interest Income
Reconciled Depreciation	- 0.79	Net Interest Income
Net Interest Income	- 0.79	Depreciation And Amortization
Net Interest Income	- 0.78	Other Operating Expenses
Net Interest Income	- 0.77	Cost Of Revenue
Net Interest Income	- 0.77	Total Revenue