Boliden AB (BOL) AI Stock Analysis

• Market Cap: kr94.76B
• Dividend Yield: N/A
• Average Volume (3M): 826.65K
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.38
• Revenue Growth: 12.29%
• EPS Growth: 3.23%
• Country: SE
• Employees: 7,500
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Industrial Materials
• EPS (TTM): 2.02
• Shares Outstanding: 284,225,460
• 10 Day Avg. Volume: 763,678
• 30 Day Avg. Volume: 826,649
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: kr312.80
• Price Target Upside: -6.71% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 10

• Rating: 75 Outperform
• Price Target: kr356.00 ▲(6.17% Upside)

Boliden AB's overall score is driven by its solid financial performance and attractive valuation. The technical analysis supports a positive short-term outlook, although the decline in revenue growth is a concern. The absence of earnings call data and corporate events does not impact the score.

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 base metals extracted from its mining operations and processed at its smelting facilities. Key revenue streams include the sales of copper, zinc, lead, gold, and silver, which are traded in global commodities markets. Additionally, Boliden benefits from long-term contracts with industrial customers and spot market sales, which provide stability and flexibility in pricing. The company's efficiency in production and strategic investments in technology also enhance profit margins. Factors contributing to Boliden's earnings include commodity price fluctuations, operational efficiency, and the demand for metals in various industries such as construction, automotive, and electronics.

Boliden AB Financial Statement Overview

Summary

Boliden AB demonstrates strong profitability margins and a solid balance sheet, with a robust free cash flow growth rate. However, the significant decline in revenue growth is a concern that needs to be addressed.

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 50.5%, which is concerning. However, the company maintains a solid gross profit margin of 14.28% and a net profit margin of 8.80%. The EBIT and EBITDA margins are also healthy at 12.67% and 21.06%, 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 0.39. The return on equity (ROE) is strong at 12.10%, showcasing effective use of equity to generate profits. The equity ratio stands at 51.83%, indicating a solid equity base relative to total assets, which enhances financial stability.

Cash Flow

Cash flow analysis reveals a robust free cash flow growth rate of 71.40% in the TTM period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.73, and the free cash flow to net income ratio is 0.21, suggesting that the company is generating sufficient cash to cover its net income, though there is room for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.39B	89.21B	78.55B	86.44B	68.64B	56.32B
Gross Profit	13.05B	12.90B	10.74B	18.15B	12.93B	10.80B
EBITDA	19.25B	20.58B	14.57B	22.07B	16.27B	14.62B
Net Income	8.04B	10.02B	6.07B	12.41B	8.70B	6.80B
Balance Sheet
Total Assets	136.21B	116.19B	101.96B	96.38B	80.55B	72.49B
Cash, Cash Equivalents and Short-Term Investments	7.60B	7.05B	4.98B	12.16B	8.25B	5.06B
Total Debt	27.38B	16.51B	14.58B	11.19B	6.16B	6.15B
Total Liabilities	65.59B	51.18B	45.54B	38.05B	29.67B	26.85B
Stockholders Equity	70.59B	64.99B	56.40B	58.31B	50.87B	45.63B
Cash Flow
Free Cash Flow	3.94B	2.67B	-3.35B	6.37B	7.16B	4.96B
Operating Cash Flow	18.82B	17.66B	12.18B	16.40B	13.14B	11.26B
Investing Cash Flow	-29.27B	-15.00B	-15.54B	-10.07B	-6.00B	-6.30B
Financing Cash Flow	11.00B	-590.00M	-3.83B	-2.42B	-3.96B	-1.27B

Boliden AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 335.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 335.3 is above the 20-day moving average (MA) of 324.24, above the 50-day MA of 314.12, and above the 200-day MA of 323.62, indicating a bullish trend. The MACD of 5.35 indicates Negative momentum. The RSI at 59.78 is Neutral, neither overbought nor oversold. The STOCH value of 54.81 is Neutral, 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	75 Outperform	kr94.76B	11.45	12.34%	―	12.29%	3.23%
Sector *	61 Neutral	$10.41B	7.18	-0.06%	2.87%	2.87%	-36.73%
NIO	―	€27.07M	―	-7.80%	―	―	―
5KP	―	€145.67M	―	-4.06%	―	―	―
9QY0	―	€19.93M	―	-15.76%	―	―	―
BOTX	71 Outperform	kr630.44M	11.21		―	―	―
GRANGX	―	kr634.24M	―		―	―	―

Boliden AB Corporate Events

Boliden Strengthens European Base Metals Position with New Acquisitions

Boliden AB has successfully integrated new mines, Somincor and Zinkgruvan, into its operations, enhancing its position in the European base metals market. Despite challenging market conditions, including a weaker USD and extensive maintenance, Boliden reports stable production and strong cash flow. The company is optimistic about the value creation potential from its recent acquisitions and ongoing investments in smelter projects, while also addressing production challenges at Aitik and Garpenberg.

The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK300.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

Boliden to Host World’s Deepest Marathon in Garpenberg Mine

Boliden AB, in collaboration with ICMM and BecomingX, will host the world’s deepest marathon in the Garpenberg zinc mine on October 25, aiming to raise $1 million for charity. The event will feature 60 experienced runners from 15 countries and aims to set two Guinness World Records, highlighting the technological advancements and sustainability focus of the mining industry.

The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK320.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

Boliden AB to Release Q2 2025 Interim Report

Boliden AB announced it will release its Q2 2025 interim report on July 18, 2025, followed by a press and analyst conference. This event will be led by the company’s President and CEO, Mikael Staffas, and CFO, Håkan Gabrielsson, providing stakeholders with insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK300.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

Boliden AB Publishes 2024 Government Payments Report

Boliden AB has released its 2024 report on payments to government agencies in Sweden, Finland, and Ireland, as required by Swedish law. This report, which pertains to the company’s extractive industry operations, highlights Boliden’s compliance with legal obligations and reflects its commitment to transparency in its financial dealings with government entities.

The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK300.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

Boliden Secures EUR 700 Million Loan for Strategic Mine Acquisitions

Boliden AB has secured a EUR 700 million Sustainability Linked Term Loan to finance its acquisition of the Somincor copper and zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden. This financing, supported by several major banks, marks the completion of the acquisition’s financial arrangements, including the repayment of a bridge loan and the exclusion of dividends for 2025, as approved by shareholders.

The most recent analyst rating on (SE:BOL) stock is a Sell with a SEK300.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.