Botnia Exploration Holding AB (BOTX) AI Stock Analysis

• Market Cap: kr579.43M
• Dividend Yield: N/A
• Average Volume (3M): 108.19K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.25
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.89
• Shares Outstanding: 40,805,027
• 10 Day Avg. Volume: 102,106
• 30 Day Avg. Volume: 108,188
• PEG Ratio: -0.05
• Price to Book (P/B): 3.08
• Price to Sales (P/S): 8.62
• P/FCF Ratio: -12.56
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: kr17.00 ▲(41.08% Upside)

The score is driven by strong technical uptrend signals and a comparatively stable financial structure with low leverage. It is tempered by weak profitability (negative EBIT margin) and negative free cash flow, while valuation appears moderate based on the provided P/E.

Positive Factors

Conservative balance sheet (low leverage)

A low debt-to-equity profile reduces solvency and refinancing risk, giving the company durable financial flexibility to fund exploration or weather commodity swings. This conservative structure supports long-term resilience and optionality without pressuring cash flow.

Strong revenue growth and improving gross margin

Sustained revenue expansion combined with rising gross margins indicates improving market traction and operational efficiency. If maintained, these trends underpin scalable economics and a clearer path to operating profitability as fixed costs are absorbed over higher sales volumes.

Improving operating cash flow trend

An improving operating cash flow trend signals better underlying cash generation from core activities, which is a durable sign of operational improvement. Over months this reduces reliance on external funding and improves the firm's ability to fund working capital and reinvestment.

Negative Factors

Negative EBIT margin

Persistent negative EBIT indicates the business is not yet covering operating costs from revenues, creating a structural profitability gap. Without sustained margin expansion or cost reductions, this undermines long-term self-funding capacity and can erode equity if losses continue.

Negative free cash flow

Negative free cash flow limits strategic flexibility and forces dependence on external financing for growth or exploration spend. Over a 2-6 month horizon this can constrain capital allocation choices and raise dilution or refinancing risk if operational cash conversion stalls.

Very small operating scale / limited workforce

A tiny headcount suggests limited internal capacity and higher key-person risk, which can slow project execution and corporate development. Structurally, scaling operations, maintaining controls, and delivering on exploration or development timelines may be more challenging.

Botnia Exploration Holding AB Business Overview & Revenue Model

Company Description

Botnia Gold AB operates as a mining company. It engages in the exploration of gold, and other precious base metals. The company was founded by Arne Bengt Gunnar Ljung in 2007 and is headquartered in Nacka Strand, Sweden.

How the Company Makes Money

Botnia Exploration Holding AB generates revenue primarily through the exploration and development of mineral resources. The company may monetize its assets through various means, including the sale of mineral rights, joint ventures with larger mining companies, or by advancing its projects to a stage where they can attract investment or acquisition offers. Key revenue streams include potential sale or licensing of mining permits, partnerships with other exploration or mining firms that provide funding and expertise, and any future production from discovered resources. The company’s strategic partnerships with established entities in the mining sector can significantly enhance its financial prospects and access to capital.

Botnia Exploration Holding AB Financial Statement Overview

Summary

Strong revenue growth and an improved gross margin support the score, alongside a solid balance sheet with low leverage and a healthy equity position. The score is held back by negative EBIT margin and negative free cash flow, which signal profitability and cash-generation challenges.

Income Statement

The company has shown a remarkable revenue growth rate from 2023 to 2024, indicating strong sales performance. However, the EBIT margin is negative, reflecting operational challenges in generating profits. Despite this, the gross profit margin has improved significantly, highlighting efficient cost management.

Balance Sheet

The debt-to-equity ratio is low, indicating a conservative use of debt which reduces financial risk. The company maintains a strong equity ratio, underscoring a stable financial structure. Return on equity is positive, suggesting shareholders are receiving decent returns on their investments.

Cash Flow

Free cash flow is negative, which may constrain the company's ability to reinvest or pay dividends. However, there is a positive trend in operating cash flow, indicating improving operational efficiency. The operating cash flow to net income ratio is positive, which is a positive sign of cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	184.32M	57.83M	213.00K	141.00K	3.59M	3.43M
Gross Profit	106.59M	-6.58M	-270.00K	-72.00K	-242.00K	-39.00K
EBITDA	57.34M	2.86M	411.00K	-7.41M	-5.36M	-4.54M
Net Income	55.72M	22.34M	-7.28M	-7.59M	-5.75M	-4.92M
Balance Sheet
Total Assets	273.17M	219.25M	152.09M	150.64M	94.95M	91.33M
Cash, Cash Equivalents and Short-Term Investments	52.49M	17.62M	44.55M	66.24M	14.32M	11.81M
Total Debt	14.61M	14.81M	7.43M	4.77M	4.59M	4.41M
Total Liabilities	86.72M	57.39M	17.49M	9.21M	5.93M	6.44M
Stockholders Equity	186.44M	161.86M	134.60M	141.44M	89.02M	84.89M
Cash Flow
Free Cash Flow	67.73M	-39.67M	-20.05M	-8.08M	-7.19M	-10.75M
Operating Cash Flow	67.73M	5.71M	-6.01M	-4.14M	-3.61M	-7.32M
Investing Cash Flow	-48.08M	-44.96M	-18.63M	-3.94M	-3.59M	-3.43M
Financing Cash Flow	12.32M	12.32M	2.96M	60.01M	9.70M	2.64M

Botnia Exploration Holding AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.05
• 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:BOTX, the sentiment is Positive. The current price of 12.05 is below the 20-day moving average (MA) of 13.70, below the 50-day MA of 12.22, and below the 200-day MA of 12.51, indicating a bullish trend. The MACD of 0.83 indicates Negative momentum. The RSI at 54.69 is Neutral, neither overbought nor oversold. The STOCH value of 38.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BOTX.

Botnia Exploration Holding AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOTX	70 Outperform	kr579.43M	11.26	―	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARCT	56 Neutral	kr453.82M	-24.62	-15.76%	―	―	―
VISC	49 Neutral	kr4.76B	-27.18	-5.53%	―	―	-91.81%
ORGC	45 Neutral	kr193.06M	-6.30	-75.16%	―	-18.29%	-48.74%
NIO	44 Neutral	kr287.96M	-13.38	-8.06%	―	―	-9.05%