Boliden AB (BOL) AI Stock Analysis

• Market Cap: kr86.09B
• Dividend Yield: 2.53%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 7.4
• Beta (1Y): 1.33
• Revenue Growth: 19.17%
• EPS Growth: 136.96%
• Country: SE
• Employees: 7,500
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Industrial Materials
• EPS (TTM): 7.99
• Shares Outstanding: 284,225,460
• 10 Day Avg. Volume: 1,054,523
• 30 Day Avg. Volume: 1,068,402
• PEG Ratio: 0.71
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 37.16
• 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: kr318.31
• Price Target Upside: 6.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 13

• Rating: 70 Outperform
• Price Target: kr336.00 ▲(11.89%Upside)

Boliden AB's strong financial performance and attractive valuation are the primary strengths, suggesting a solid investment case. Technical analysis indicates mixed market sentiment, with potential downward momentum reflected in its trading below key moving averages. The absence of a dividend yield and recent earnings call data are secondary considerations.

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 through its two main business segments: Mines and Smelters. The Mines segment contributes to revenue by extracting and selling metal concentrates, primarily zinc, copper, and lead, along with gold and silver as by-products. These concentrates are either sold directly to third parties or used internally by Boliden’s Smelters segment. The Smelters segment adds value by refining metal concentrates into high-purity metals, which are then sold to various industries, including construction, automotive, and electronics. Boliden also benefits from strategic partnerships and supply agreements that ensure a stable demand for its products. Additionally, the company focuses on cost efficiency and operational excellence to enhance profitability while maintaining a strong emphasis on sustainability and reducing environmental impact.

Boliden AB Financial Statement Overview

Summary

Overall, Boliden AB is performing well across key financial metrics with strong revenue growth, profitability, and a solid balance sheet. The company's low leverage and efficient operations are strengths, while the declining free cash flow and slight EBIT margin pressure are areas to watch. Boliden AB is well-positioned within the mining industry, maintaining financial stability and operational efficiency.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
91.85B	89.21B	78.55B	86.44B	68.64B	56.32B
	Gross Profit
14.45B	12.90B	10.74B	18.15B	12.93B	10.80B
	EBIT
12.70B	13.69B	8.29B	15.89B	11.08B	8.94B
	EBITDA
22.30B	20.58B	14.57B	22.07B	16.27B	14.62B
	Net Income Common Stockholders
11.07B	10.02B	6.07B	12.41B	8.70B	6.80B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
9.04B	7.05B	4.98B	12.16B	8.25B	5.06B
	Total Assets
118.43B	116.19B	101.96B	96.38B	80.55B	72.49B
	Total Debt
16.57B	16.51B	14.58B	11.19B	6.16B	6.15B
	Net Debt
7.53B	9.46B	9.60B	-967.00M	-2.09B	1.09B
	Total Liabilities
49.82B	51.18B	45.54B	38.05B	29.67B	26.85B
	Stockholders Equity
68.59B	64.99B	56.40B	58.31B	50.87B	45.63B
Cash Flow		Free Cash Flow
2.30B	2.67B	-3.35B	6.37B	7.16B	4.96B
	Operating Cash Flow
16.75B	17.66B	12.18B	16.40B	13.14B	11.26B
	Investing Cash Flow
-14.45B	-15.00B	-15.54B	-10.07B	-6.00B	-6.30B
	Financing Cash Flow
2.48B	-590.00M	-3.83B	-2.42B	-3.96B	-1.27B

Boliden AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 300.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BOL, the sentiment is Negative. The current price of 300.3 is below the 20-day moving average (MA) of 307.15, below the 50-day MA of 307.41, and below the 200-day MA of 327.54, indicating a bearish trend. The MACD of -0.75 indicates Positive momentum. The RSI at 43.27 is Neutral, neither overbought nor oversold. The STOCH value of 16.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BOL.

Boliden AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOL	70 Outperform	kr86.09B	7.42	17.43%	2.53%	19.17%	136.96%
Sector *	51 Neutral	$2.01B	-1.11	-21.16%	3.67%	2.69%	-30.65%
0GWS		kr25.84B	14.00	6.58%	3.38%	―	―
0KII		kr59.68B	11.93	7.27%	4.28%	―	―
NIO		€21.41M	―	-8.92%	―	―	―
5KP		€164.32M	―	-3.81%	―	―	―
9QY0		€20.84M	―	-7.64%	―	―	―

Boliden AB Corporate Events

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.