Boliden AB (BOL) AI Stock Analysis

• Market Cap: kr116.79B
• Dividend Yield: N/A
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): 14.2
• Beta (1Y): 1.33
• 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: kr428.44
• Price Target Upside: -8.45% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: kr457.00 ▼(-2.35% 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 (BOL) is a leading Swedish mining and smelting company specializing in the extraction and processing of base metals such as copper, zinc, lead, and gold. The company operates in two main segments: Mining and Smelting. Boliden's mining segment includes several mines across Sweden and Finland, while its smelting segment encompasses several smelters in Sweden and Norway that refine and process the metals extracted from its mines, as well as purchased concentrates.

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: 468.00
• 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 468 is above the 20-day moving average (MA) of 434.42, above the 50-day MA of 419.89, and above the 200-day MA of 345.00, indicating a bullish trend. The MACD of 12.50 indicates Negative momentum. The RSI at 70.06 is Negative, neither overbought nor oversold. The STOCH value of 95.00 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	kr116.79B	14.16	11.99%	―	8.30%	-8.62%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BOTX	60 Neutral	kr477.42M	8.55	―	―	―	―
VISC	45 Neutral	€2.66B	-29.76	-5.53%	―	―	-91.81%
NIO	42 Neutral	€368.10M	-18.29	-8.06%	―	―	-9.05%

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.