Boliden AB (BOL) AI Stock Analysis

• Market Cap: kr86.09B
• Dividend Yield: 2.53%
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): 7.5
• Beta (1Y): 1.40
• Revenue Growth: 19.17%
• EPS Growth: 136.96%
• Country: SE
• Employees: 7,500
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Industrial Materials
• EPS (TTM): 2.02
• Shares Outstanding: 284,225,460
• 10 Day Avg. Volume: 844,357
• 30 Day Avg. Volume: 1,025,207
• PEG Ratio: 0.72
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 37.41
• 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: kr313.67
• Price Target Upside: 3.49% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 12

• Rating: 74 Outperform
• Price Target: kr345.00 ▲(13.82%Upside)

Boliden AB's strong financial performance and attractive valuation are key strengths, positioning it well within the industrial materials sector. While technical indicators suggest moderate market momentum, declining free cash flow and trading below long-term moving averages present potential risks.

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 AB generates revenue primarily through the extraction, processing, and sale of base and precious metals. In the Mines sector, revenue is derived from the exploration and mining of metal ores, which are then processed into concentrates and sold to smelters. In the Smelters sector, Boliden processes these concentrates to produce pure metals, which are then sold to industrial customers worldwide. The company also engages in metal recycling, further contributing to its revenue by reclaiming valuable metals from electronic waste and other scrap material. Significant partnerships with industrial clients and global market players in the metals supply chain play a crucial role in Boliden's earnings. Additionally, fluctuations in metal prices, production volumes, and advancements in processing technology are key factors influencing the company's financial performance.

Boliden AB Financial Statement Overview

Summary

Boliden AB has demonstrated solid financial performance with consistent revenue growth, healthy profitability, and strong operational efficiency. The balance sheet reveals low leverage and financial stability, though there is a slight increase in liabilities relative to assets. The company's efficient cash generation is offset by declining free cash flow, which could impact future investments.

Income Statement

Boliden AB has demonstrated solid financial performance with consistent revenue growth, reflected in a 3% TTM revenue increase. The company maintains healthy profitability, with a TTM gross profit margin of 15.73% and a net profit margin of 12.06%. The EBIT and EBITDA margins at 13.82% and 24.28% respectively highlight strong operational efficiency. However, a slight decline in EBIT from the previous year indicates potential cost pressures.

Balance Sheet

The balance sheet shows a robust equity base with a debt-to-equity ratio of 0.24, indicating low leverage and financial stability. The equity ratio remains strong at 57.91%, providing a solid buffer against liabilities. Return on equity is commendable at 16.14%, reflecting effective use of shareholders' investments. However, a decrease in equity ratio from the previous year suggests a slight increase in liabilities relative to assets.

Cash Flow

Boliden AB exhibits a stable cash flow position with an operating cash flow to net income ratio of 1.51, indicating efficient cash generation from operations. The free cash flow to net income ratio is 0.21, reflecting moderate reinvestment into the business. A notable challenge is the declining free cash flow, which decreased by 14% in the TTM period, potentially impacting future investment capacity.

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

Boliden AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 303.10
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 Neutral. The current price of 303.1 is above the 20-day moving average (MA) of 298.97, above the 50-day MA of 302.39, and below the 200-day MA of 326.33, indicating a neutral trend. The MACD of 1.00 indicates Negative momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 45.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BOL.

Boliden AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOL	74 Outperform	kr86.09B	7.49	17.43%	2.53%	19.17%	136.96%
SSAB.A	67 Neutral	kr59.81B	12.40	7.27%	4.26%	-11.28%	-56.26%
BILL	59 Neutral	kr24.28B	13.00	6.58%	3.58%	9.83%	1070.42%
VISC	45 Neutral	kr1.74B	―	-3.81%	―	―	-39.55%
Sector *	44 Neutral	AU$1.42B	-6.06	-40.74%	3.89%	-3.45%	-41.76%
NIO	42 Neutral	kr213.25M	―	-8.92%	―	―	12.12%

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.

Boliden AB Enhances Green Finance Framework to Boost Climate Ambitions

Boliden AB has updated its Green Finance Framework to enhance its climate ambitions and support green investment projects. The updated framework incorporates the International Capital Market Association’s Green Bond Principles, focusing on energy efficiency, pollution prevention, waste management, and renewable energy production, with Swedbank as the Sustainability Coordinator and S&P Global providing a ‘Medium Green’ assessment.