Boliden AB (publ)

LSE:0YAL Stock Report

Market Cap: SEK 89.7b

Boliden Valuation

Is 0YAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair 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 0YAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 1.29k
Fair Value
74.7% undervalued intrinsic discount
15
Number of Analysts

Below Fair Value: 0YAL (SEK326.3) is trading below our estimate of fair value (SEK1291.03)

Significantly Below Fair Value: 0YAL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0YAL?

Key metric: As 0YAL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0YAL. This is calculated by dividing 0YAL's market cap by their current earnings.
What is 0YAL's PE Ratio?
PE Ratio10.3x
EarningsSEK 8.68b
Market CapSEK 89.70b

Price to Earnings Ratio vs Peers

How does 0YAL's PE Ratio compare to its peers?

The above table shows the PE ratio for 0YAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.6x
RIO Rio Tinto Group
8.9x2.6%UK£82.5b
KMR Kenmare Resources
4.1x2.5%UK£277.1m
GFM Griffin Mining
14.9x11.1%UK£261.2m
CAPD Capital
6.7x6.9%UK£159.0m
0YAL Boliden
10.2x8.7%SEK 88.2b

Price-To-Earnings vs Peers: 0YAL is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (8.7x).

Price to Earnings Ratio vs Industry

How does 0YAL'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
MTL Metals Exploration
0.9xn/aUS$125.57m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
0YAL 10.3xIndustry Avg. 9.2xNo. of Companies7PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0YAL is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the UK Metals and Mining industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0YAL'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.

0YAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: 0YAL is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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 0YAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 325.99
SEK 345.00
+5.8%
13.6%SEK 460.00SEK 290.00n/a15
Jan ’26SEK 310.50
SEK 335.21
+8.0%
15.8%SEK 460.00SEK 270.00n/a14
Dec ’25SEK 325.40
SEK 329.88
+1.4%
16.9%SEK 480.00SEK 265.00n/a16
Nov ’25SEK 333.54
SEK 326.63
-2.1%
17.4%SEK 480.00SEK 265.00n/a16
Oct ’25SEK 343.06
SEK 333.80
-2.7%
15.6%SEK 450.00SEK 270.00n/a15
Sep ’25SEK 314.00
SEK 340.00
+8.3%
14.0%SEK 450.00SEK 273.00n/a16
Aug ’25SEK 319.28
SEK 342.81
+7.4%
14.3%SEK 450.00SEK 273.00n/a16
Jul ’25SEK 340.00
SEK 348.56
+2.5%
18.3%SEK 500.00SEK 254.00n/a16
Jun ’25SEK 366.40
SEK 341.81
-6.7%
19.9%SEK 500.00SEK 254.00n/a16
May ’25SEK 368.10
SEK 330.75
-10.1%
18.6%SEK 480.00SEK 254.00n/a16
Apr ’25SEK 297.25
SEK 293.81
-1.2%
9.1%SEK 340.00SEK 260.00n/a16
Mar ’25SEK 264.67
SEK 294.75
+11.4%
12.7%SEK 380.00SEK 240.00n/a16
Feb ’25SEK 276.28
SEK 298.13
+7.9%
12.7%SEK 380.00SEK 250.00n/a16
Jan ’25SEK 314.23
SEK 300.56
-4.3%
15.3%SEK 380.00SEK 240.00SEK 310.5016
Dec ’24SEK 291.75
SEK 302.13
+3.6%
15.0%SEK 380.00SEK 240.00SEK 325.4016
Nov ’24SEK 286.47
SEK 302.56
+5.6%
12.7%SEK 380.00SEK 245.00SEK 333.5416
Oct ’24SEK 313.29
SEK 308.94
-1.4%
10.6%SEK 380.00SEK 257.00SEK 343.0616
Sep ’24SEK 295.83
SEK 301.06
+1.8%
10.7%SEK 360.00SEK 240.00SEK 314.0017
Aug ’24SEK 307.16
SEK 302.53
-1.5%
10.5%SEK 360.00SEK 240.00SEK 319.2817
Jul ’24SEK 311.55
SEK 351.75
+12.9%
13.9%SEK 495.00SEK 270.00SEK 340.0017
Jun ’24SEK 335.41
SEK 375.80
+12.0%
12.9%SEK 495.00SEK 310.00SEK 366.4017
May ’24SEK 364.65
SEK 398.38
+9.3%
14.3%SEK 520.00SEK 310.00SEK 368.1017
Apr ’24SEK 406.56
SEK 406.32
-0.06%
15.4%SEK 560.00SEK 310.00SEK 297.2517
Mar ’24SEK 446.89
SEK 421.59
-5.7%
15.3%SEK 560.00SEK 310.00SEK 264.6716
Feb ’24SEK 463.66
SEK 392.32
-15.4%
17.1%SEK 525.00SEK 280.00SEK 276.2817
Jan ’24SEK 396.98
SEK 363.72
-8.4%
12.6%SEK 455.00SEK 280.00SEK 314.2318
Analyst Price Target
Consensus Narrative from 15 Analysts
SEK 348.95
Fair Value
6.5% 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 Analysis2025/01/13 21:31
End of Day Share Price 2025/01/13 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 world class team 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 .

Analyst Sources

Boliden AB (publ) is covered by 37 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markus SteinbyABG Sundal Collier
Philip NgothoABN AMRO Bank N.V.
Amos FletcherBarclays