Boliden AB (BOL) AI Stock Analysis

• Market Cap: kr117.02B
• Dividend Yield: N/A
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.32
• 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: 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: kr382.00
• Price Target Upside: -10.69% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 72 Outperform
• Price Target: kr457.00 ▲(6.85% Upside)

Boliden AB's overall score is driven by strong technical momentum and solid financial performance, despite concerns over declining revenue growth. The valuation is reasonable, though the lack of a dividend yield may deter some investors. The absence of earnings call and corporate events data means these factors do not influence the score.

Boliden AB Business Overview & Revenue Model

Company Description

Boliden AB (BOL) is a Swedish mining and smelting company that specializes in the extraction and processing of base metals, primarily copper, zinc, lead, gold, and silver. The company operates in two main sectors: mining and smelting. Boliden owns and operates several mines in Sweden, Finland, and Ireland, alongside smelters that process the mined ores into refined metals. A commitment to sustainability and innovation underpins its operations, as Boliden aims to minimize environmental impact while maximizing resource efficiency.

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: 427.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 427.7 is above the 20-day moving average (MA) of 400.38, above the 50-day MA of 358.94, and above the 200-day MA of 332.71, indicating a bullish trend. The MACD of 16.77 indicates Positive momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 51.84 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	72 Outperform	kr117.02B	14.74	11.99%	―	8.30%	-8.62%
BOTX	71 Outperform	kr569.23M	10.22	―	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VISC	45 Neutral	€2.29B	―	-4.06%	―	―	-43.08%
NIO	42 Neutral	€346.37M	―	-7.80%	―	―	23.25%

Boliden AB Corporate Events

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.

The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK338.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

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.

The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK338.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

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.

The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK338.00 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 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.

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 Secures Mining Concession for Laver Deposit

Boliden AB has received approval from the Swedish Mining Authority for a mining concession at the Laver deposit, allowing the extraction of copper, gold, silver, and molybdenum. This development is expected to significantly enhance Europe’s copper supply. Further steps, including exploration and environmental assessments, are required before final investment decisions can be made.

The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK340.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

Boliden Appoints Linn Andersson as EVP Strategy and CTO

Boliden AB has appointed Linn Andersson as the new EVP Strategy and CTO, a role that encompasses responsibility for strategy, business and technology development, and procurement. Andersson’s extensive experience and leadership skills are expected to enhance Boliden’s Group Management and support the company’s long-term value creation.

The most recent analyst rating on (SE:BOL) stock is a Hold with a SEK340.00 price target. To see the full list of analyst forecasts on Boliden AB stock, see the SE:BOL Stock Forecast page.

Boliden Challenges Finnish Mining Tax Proposal

Boliden AB has raised concerns over the Finnish government’s proposed changes to tax levels for mining activities, which could increase annual costs by 20-30 million euros for its Kevitsa mine. The company argues that the proposal lacks proper impact assessments and could negatively affect the investment climate and European raw material supplies, urging the government to withdraw the proposal.

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.