Boliden AB (BOL) AI Stock Analysis

• Market Cap: kr142.68B
• Dividend Yield: N/A
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 17.3
• Beta (1Y): 1.42
• Revenue Growth: 8.30%
• EPS Growth: -8.62%
• Country: SE
• Employees: 7,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 8.07
• Shares Outstanding: 284,225,460
• 10 Day Avg. Volume: 1,135,205
• 30 Day Avg. Volume: 1,111,823
• PEG Ratio: 0.13
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 0.95
• P/FCF Ratio: 31.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr444.00
• Price Target Upside: -11.55% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 11
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: kr457.00 ▼(-8.96% Downside)

Boliden AB's strong financial performance, particularly in profitability and cash flow generation, is the most significant factor in its stock score. The positive technical indicators further support a favorable outlook. However, the valuation is moderate, and the lack of a dividend yield slightly detracts from the overall attractiveness.

Positive Factors

Cash Generation

Strong cash generation enhances Boliden's ability to invest in growth opportunities and weather economic downturns, supporting long-term stability.

Balance Sheet Health

A solid balance sheet with low leverage provides financial flexibility and reduces risk, supporting sustainable operations and future growth.

Profitability Margins

Strong profitability margins indicate efficient operations and pricing power, which are crucial for long-term competitiveness and shareholder value.

Negative Factors

Revenue Growth Decline

A significant decline in revenue growth can impact long-term earnings potential and market position, necessitating strategic adjustments to regain momentum.

Earnings Growth

Negative earnings growth reflects challenges in maintaining profitability, which could hinder investment in future growth and affect investor confidence.

Revenue Growth Concerns

Persistent revenue growth challenges may affect Boliden's ability to capitalize on market opportunities and sustain competitive advantages over time.

Boliden AB 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 metals produced from its mining operations and smelting processes. The company sells a variety of metal products, including copper, zinc, and gold, to various industries such as construction, automotive, and electronics. Key revenue streams include the sale of refined metals, as well as by-products such as silver and lead. Boliden also benefits from long-term supply contracts and strategic partnerships with other mining companies and industries, which provide a stable source of income. Additionally, fluctuations in global metal prices, driven by demand and supply dynamics, significantly impact its earnings, making market conditions a critical factor in its revenue generation.

Boliden AB Financial Statement Overview

Summary

Boliden AB demonstrates strong profitability and cash flow generation, despite facing revenue growth challenges. The company's balance sheet remains solid with moderate leverage and a strong equity base. While revenue decline is a concern, the company's operational efficiency and cash flow strength provide a stable financial outlook.

Income Statement

Boliden AB's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) data indicates a decline in revenue growth rate by 24.4%, which is concerning. However, the company maintains a solid EBIT margin of 12.67% and a net profit margin of 8.80%, indicating operational efficiency. The gross profit margin is relatively stable at 14.28%. Despite the revenue decline, profitability metrics remain strong.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.39, indicating moderate leverage. The return on equity (ROE) is 12.10%, showcasing effective use of equity to generate profits. The equity ratio stands at 53.10%, suggesting a strong equity base relative to total assets, which enhances financial stability.

Cash Flow

Cash flow analysis reveals a robust free cash flow growth of 71.76% in the TTM period, indicating improved cash generation. The operating cash flow to net income ratio is 0.73, reflecting efficient conversion of income to cash. The free cash flow to net income ratio is 0.21, showing a healthy cash flow position relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.16B	89.21B	78.55B	86.44B	68.64B	56.32B
Gross Profit	13.03B	12.90B	10.74B	18.15B	12.93B	10.80B
EBITDA	20.03B	20.58B	14.99B	22.07B	16.70B	14.62B
Net Income	8.05B	10.02B	6.07B	12.41B	8.70B	6.80B
Balance Sheet
Total Assets	136.94B	116.19B	101.96B	96.38B	80.55B	72.49B
Cash, Cash Equivalents and Short-Term Investments	6.59B	7.05B	4.98B	12.16B	8.25B	5.06B
Total Debt	24.00B	16.51B	14.58B	11.19B	6.16B	6.15B
Total Liabilities	64.19B	51.18B	45.54B	38.05B	29.67B	26.85B
Stockholders Equity	72.73B	64.99B	56.40B	58.31B	50.87B	45.63B
Cash Flow
Free Cash Flow	6.76B	2.67B	-3.35B	6.37B	7.16B	4.96B
Operating Cash Flow	22.20B	17.66B	12.18B	16.40B	13.14B	11.26B
Investing Cash Flow	-29.88B	-15.00B	-15.54B	-10.07B	-6.00B	-6.30B
Financing Cash Flow	10.79B	-590.00M	-3.83B	-2.42B	-3.96B	-1.27B

Boliden AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 502.00
• 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 SE:BOL, the sentiment is Positive. The current price of 502 is above the 20-day moving average (MA) of 473.09, above the 50-day MA of 442.35, and above the 200-day MA of 351.88, indicating a bullish trend. The MACD of 18.17 indicates Negative momentum. The RSI at 75.46 is Negative, neither overbought nor oversold. The STOCH value of 90.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BOL.

Boliden AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOL	72 Outperform	kr142.68B	17.30	11.99%	―	8.30%	-8.62%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BOTX	60 Neutral	kr493.74M	8.85	―	―	―	―
VISC	45 Neutral	kr4.35B	-26.23	-5.53%	―	―	-91.81%
NIO	42 Neutral	kr338.90M	-15.56	-8.06%	―	―	-9.05%

Boliden AB Corporate Events

Boliden AB Announces 2026 Production Guidance with Optimistic Outlook

Boliden AB has announced its 2026 production guidance, highlighting increased confidence due to higher grades in open pit mines and the commissioning of key projects. The company plans to reduce capital expenditure to SEK 15 billion, with significant investments in waste rock mining and processing. Despite some cost increases and project delays, Boliden anticipates improved throughput and grades in several mining areas, which could positively impact long-term value creation.

Boliden AB Completes Strategic Share Repurchase

Boliden AB has completed a repurchase of 130,000 treasury shares to support its long-term share savings program for 2025/2028, with a total transaction value of SEK 53,498,770. This strategic move aligns with regulatory compliance and enhances the company’s ability to deliver shares to program participants, potentially impacting its market positioning and shareholder value.

Boliden AB Announces Share Repurchase Plan

Boliden AB’s Board of Directors has authorized the repurchase of up to 130,000 shares on Nasdaq Stockholm, amounting to a maximum of SEK 60 million. This move aims to ensure the future delivery of shares to participants in the company’s long-term share savings program for 2025/2028. The repurchase will be conducted by Skandinaviska Enskilda Banken AB and will adhere to the Market Abuse Regulation and the Safe Harbour Regulation, with specific conditions regarding the timing, volume, and pricing of the repurchases.

Boliden AB Reports Strong Q3 2025 Results Amidst Market Volatility

Boliden AB reported strong financial results for the third quarter of 2025, driven by robust mine production and significant cash flow despite ongoing major investments. The company achieved record mine production in Aitik and Garpenberg, although the copper grade at Aitik was at an all-time low. Boliden’s zinc production reached a milestone, and the company is optimistic about the imminent ramp-up of the Odda expansion, which is expected to enhance competitiveness and profitability. However, potential higher tax levels in Finland could impact operations at Kevitsa, and the company remains focused on factors within its control amidst market volatility.

Boliden AB Announces Nomination Committee for 2026 AGM

Boliden AB has appointed its Nomination Committee for the 2026 Annual General Meeting, following new instructions adopted in April 2025. The committee, consisting of representatives from the company’s three largest shareholders, will prepare proposals for various AGM agenda items, including board elections and auditor appointments, with the meeting scheduled for April 28, 2026.

Boliden AB to Release Q3 2025 Interim Report

Boliden AB has announced that it will release its Interim Report for the third quarter of 2025 on October 22. The report will be presented by the company’s President and CEO, Mikael Staffas, and CFO, Håkan Gabrielsson, during a press and analyst conference that can be accessed via webcast and telephone. This announcement is part of Boliden’s ongoing efforts to maintain transparency with stakeholders and could impact its market positioning by providing insights into its financial performance and operational strategies.