Boliden AB (publ)

BATS-CHIXE:BOLs Stock Report

Market Cap: SEK 149.3b

Boliden Valuation

Is BOLs undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BOLs when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BOLs (SEK550.4) is trading below our estimate of future cash flow value (SEK1006.41)

Significantly Below Future Cash Flow Value: BOLs is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOLs?

Key metric: As BOLs is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BOLs. This is calculated by dividing BOLs's market cap by their current earnings.
What is BOLs's PE Ratio?
PE Ratio11.8x
EarningsSEK 12.68b
Market CapSEK 149.25b

Price to Earnings Ratio vs Peers

How does BOLs's PE Ratio compare to its peers?

The above table shows the PE ratio for BOLs vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
GLEN Glencore
17.3x2.61%UK£69.4b
RIO Rio Tinto Group
13.1x3.56%UK£123.5b
AAZ Anglo Asian Mining
34.6x25.90%UK£452.8m
GFM Griffin Mining
18.6x26.40%UK£473.3m
BOLs Boliden
11.8x9.33%SEK 149.3b

Price-To-Earnings vs Peers: BOLs is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (20.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does BOLs's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
EUZ Europa Metals
0.5xn/aUS$1.41m
EVA Evrima
0.9xn/aUS$372.68k
No more companies available in this PE range
No. of Companies4PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOLs is good value based on its Price-To-Earnings Ratio (11.8x) compared to the UK Metals and Mining industry average (13.6x).

Price to Earnings Ratio vs Fair Ratio

What is BOLs's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BOLs PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: BOLs is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BOLs forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 542.73
0%
10.43%SEK 690.00SEK 470.00n/a15
Sep ’27SEK 550.60
SEK 540.73
-1.79%
10.45%SEK 690.00SEK 470.00n/a15
Aug ’27SEK 465.85
SEK 539.94
+15.91%
10.93%SEK 690.00SEK 448.00n/a18
Jul ’27SEK 532.80
SEK 565.78
+6.19%
9.83%SEK 670.00SEK 468.00n/a18
Jun ’27SEK 580.00
SEK 551.76
-4.87%
9.98%SEK 650.00SEK 430.00n/a17
May ’27SEK 482.30
SEK 544.47
+12.89%
9.24%SEK 650.00SEK 430.00n/a17
Apr ’27SEK 511.80
SEK 562.06
+9.82%
10.67%SEK 700.00SEK 470.00n/a16
Mar ’27SEK 716.80
SEK 612.94
-14.49%
11.99%SEK 770.00SEK 470.00n/a16
Feb ’27SEK 624.00
SEK 518.44
-16.92%
16.31%SEK 640.00SEK 330.00n/a16
Jan ’27SEK 516.30
SEK 447.60
-13.31%
15.83%SEK 550.00SEK 330.00n/a15
Dec ’26SEK 458.65
SEK 414.73
-9.58%
12.94%SEK 500.00SEK 320.00n/a15
Nov ’26SEK 430.80
SEK 391.07
-9.22%
13.38%SEK 475.00SEK 300.00n/a15
Oct ’26SEK 364.75
SEK 327.20
-10.29%
12.63%SEK 405.00SEK 250.00n/a15
Sep ’26n/a
SEK 310.07
0%
10.30%SEK 350.00SEK 250.00SEK 550.6015
Aug ’26SEK 301.40
SEK 310.73
+3.10%
9.64%SEK 350.00SEK 250.00SEK 465.8515
Jul ’26SEK 298.30
SEK 316.53
+6.11%
11.57%SEK 400.00SEK 250.00SEK 532.8015
Jun ’26SEK 313.35
SEK 327.38
+4.48%
15.95%SEK 480.00SEK 250.00SEK 580.0016
May ’26SEK 293.45
SEK 325.69
+10.99%
16.05%SEK 480.00SEK 250.00SEK 482.3016
Apr ’26SEK 327.60
SEK 351.87
+7.41%
16.00%SEK 500.00SEK 260.00SEK 511.8015
Mar ’26n/a
SEK 354.86
0%
14.64%SEK 490.00SEK 290.00SEK 716.8014
Feb ’26n/a
SEK 342.50
0%
13.58%SEK 470.00SEK 290.00SEK 624.0014
Jan ’26n/a
SEK 335.21
0%
15.78%SEK 460.00SEK 270.00SEK 516.3014
Dec ’25n/a
SEK 329.88
0%
16.92%SEK 480.00SEK 265.00SEK 458.6516
Nov ’25SEK 331.10
SEK 326.63
-1.35%
17.36%SEK 480.00SEK 265.00SEK 430.8016
Oct ’25SEK 344.90
SEK 333.80
-3.22%
15.60%SEK 450.00SEK 270.00SEK 364.7515
Sep ’25SEK 315.90
SEK 340.00
+7.63%
14.03%SEK 450.00SEK 273.00n/a16
SEK 568.34
Fair Value
3.2% undervalued intrinsic discount
15
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 14:39
End of Day Share Price 2026/09/07 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Boliden AB (publ) is covered by 29 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
"Amos FletcherBarclays
Amos FletcherBarclays