Boliden (BDNNY) AI Stock Analysis

• Market Cap: $18.24B
• Dividend Yield: N/A
• Average Volume (3M): 433.00
• Price to Earnings (P/E): 22.8
• Beta (1Y): 0.98
• Revenue Growth: 12.59%
• EPS Growth: -6.08%
• Country: US
• Employees: 7,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 1.72
• Shares Outstanding: 136,755,500
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 433
• PEG Ratio: 0.13
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 31.49
• Enterprise Value/Market Cap: 0.74
• Enterprise Value/Revenue: 0.19
• Enterprise Value/Gross Profit: 1.39
• Enterprise Value/Ebitda: 0.90
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $140.00 ▲(17.92% Upside)

Boliden's overall stock score reflects its strong financial performance and stable balance sheet, which are offset by technical indicators suggesting overbought conditions. The valuation is reasonable, but the lack of a dividend yield may deter some investors.

Positive Factors

Balance Sheet Strength

Boliden's low debt-to-equity ratio (0.33) and strong equity ratio (53.12%) provide capital structure resilience, lowering refinancing risk and enabling investment through commodity cycles. A solid equity base supports sustaining capex and strategic flexibility over the medium term.

Operational Margins

Healthy margins (gross 14.3%, EBIT 12.79%, EBITDA 21.97%, net 8.83%) indicate efficient operations across mining and smelting. Strong processing margins are a durable competitive advantage, helping preserve profitability when metal prices fluctuate and supporting long-term cash generation.

Cash Generation

Robust FCF growth (18.59% TTM) and an operating cash flow to net income ratio of 0.92 show strong cash generation capacity. Sustainable cash flows enhance ability to fund sustaining capex, service debt, and invest in productivity, strengthening resilience across commodity cycles.

Negative Factors

Revenue Growth Decline

A 21.76% TTM decline in revenue growth signals meaningful top-line weakness that can persist across quarters in cyclical commodity markets. Sustained revenue contraction risks compressing margins, reducing reinvestment capacity, and making multi-period planning and growth initiatives harder to execute.

Moderate FCF Conversion

Free cash flow to net income of 0.30 indicates only modest conversion of accounting profits into discretionary cash. Limited conversion constrains the company's ability to increase shareholder returns or accelerate growth after meeting sustaining capex and working capital, reducing strategic optionality.

Negative EPS Trend

Negative EPS growth (~-6.1%) points to pressure on per-share earnings which can persist if revenues or margins remain challenged. Ongoing EPS declines reduce retained earnings accumulation, limit capacity to initiate dividends, and may restrict capital available for long-term value creation.

Boliden Business Overview & Revenue Model

Company Description

Boliden AB (publ) engages in the exploring, extracting, and processing of base metals and precious metals in Sweden, other Nordic region, Germany, the United Kingdom, the rest of Europe, North America, and internationally. The company operates through two segments, Business Area Mines and Business Area Smelters. It explores for copper, zinc, nickel, lead, gold, silver, cobalt, tellurium, platinum, and palladium deposits. The company operates the Aitik, the Boliden Area, and Garpenberg mines in Sweden; the Tara mine in Ireland; and the Kevitsa mines in Finland. Its products include zinc and lead ingot, copper cathode, gold bar, and silver granule, and other products, such as sulphuric acid; copper, lead, nickel, and zinc concentrates; and by-products, including copper sulphate, zinc clinker, iron sand, copper telluride, selenium, nickel matte, and crude nickel sulphate, as well as palladium, platinum, rhodium, iridium, ruthenium, and osmium concentrates. The company sells its metals primarily to industrial customers, as well as construction, electronics, and automotive industries; and paper manufacturers. Boliden AB (publ) was founded in 1924 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Boliden generates revenue primarily through the sale of its metal products, including copper, zinc, lead, gold, and silver. The company has a diversified revenue model that includes both mining and smelting operations. In the mining segment, Boliden earns money by extracting and selling ore concentrates, while in the smelting segment, it produces refined metals and by-products from the processing of these concentrates. Key revenue streams include contracts with large industrial customers, spot market sales, and long-term supply agreements. Additionally, Boliden benefits from partnerships with other mining companies and strategic alliances that enhance its operational efficiency and market reach. The company is also influenced by global metal prices, which can significantly impact its overall earnings.

Boliden Financial Statement Overview

Summary

Boliden demonstrates strong operational margins and a solid balance sheet. Despite a decline in revenue growth, the company maintains profitability with healthy EBIT and EBITDA margins. The balance sheet is stable with a manageable debt-to-equity ratio and a strong equity base, supporting financial stability.

Income Statement

Boliden's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate by 21.76%, which is a concern. However, the company maintains a solid gross profit margin of 14.30% and a net profit margin of 8.83%. EBIT and EBITDA margins are also healthy at 12.79% and 21.97%, respectively, indicating operational efficiency despite revenue challenges.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.33. The return on equity is decent at 11.63%, suggesting effective use of equity capital. The equity ratio stands at 53.12%, indicating a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

Cash flow analysis reveals a positive trajectory with a free cash flow growth rate of 18.59% in the TTM period. The operating cash flow to net income ratio is robust at 0.92, demonstrating strong cash generation relative to net income. However, the free cash flow to net income ratio is moderate at 0.30, suggesting room for improvement in cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	71.50B	89.21B	78.55B	86.44B	68.64B	56.32B
Gross Profit	9.70B	12.90B	10.74B	18.15B	12.93B	10.80B
EBITDA	14.97B	20.58B	14.57B	22.07B	16.70B	14.62B
Net Income	6.00B	10.02B	6.07B	12.41B	8.70B	6.80B
Balance Sheet
Total Assets	14.56B	116.19B	101.96B	96.38B	80.55B	72.49B
Cash, Cash Equivalents and Short-Term Investments	700.36M	7.05B	4.98B	12.16B	8.25B	5.06B
Total Debt	2.55B	16.51B	14.58B	11.19B	6.16B	6.15B
Total Liabilities	6.82B	51.18B	45.54B	38.05B	29.67B	26.85B
Stockholders Equity	7.73B	64.99B	56.40B	58.31B	50.87B	45.63B
Cash Flow
Free Cash Flow	4.67B	2.67B	-3.35B	6.37B	7.16B	4.96B
Operating Cash Flow	16.72B	17.66B	12.18B	16.40B	13.14B	11.26B
Investing Cash Flow	-26.49B	-15.00B	-15.54B	-10.07B	-6.00B	-6.30B
Financing Cash Flow	13.79B	-590.00M	-3.83B	-2.42B	-3.96B	-1.27B

Boliden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 118.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDNNY, the sentiment is Positive. The current price of 118.72 is above the 20-day moving average (MA) of 114.19, above the 50-day MA of 101.68, and above the 200-day MA of 76.67, indicating a bullish trend. The MACD of 7.07 indicates Negative momentum. The RSI at 89.86 is Negative, neither overbought nor oversold. The STOCH value of 100.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BDNNY.

Boliden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RIO	80 Outperform	$143.35B	13.52	18.18%	4.60%	-0.44%	-4.20%
VALE	79 Outperform	$62.42B	11.53	13.65%	10.04%	-8.49%	-41.69%
BHP	73 Outperform	$163.18B	18.60	19.51%	3.55%	-7.86%	14.17%
MTRN	69 Neutral	$3.05B	160.57	2.08%	0.43%	3.93%	-73.94%
BDNNY	67 Neutral	$18.24B	22.81	11.34%	―	12.59%	-6.08%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MP	61 Neutral	$12.28B	-98.69	-6.83%	―	26.44%	-95.87%