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BOL

Boliden OM:BOL Stock Report

Last Price

kr341.20

Market Cap

kr90.4b

7D

-3.5%

1Y

4.9%

Updated

27 Jun, 2022

Data

Company Financials +
BOL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

BOL Stock Overview

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.

Boliden Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Boliden
Historical stock prices
Current Share Pricekr341.20
52 Week Highkr514.60
52 Week Lowkr268.60
Beta1.28
1 Month Change-16.31%
3 Month Change-22.67%
1 Year Change4.92%
3 Year Change41.78%
5 Year Change43.85%
Change since IPO853.15%

Recent News & Updates

May 30
Is There An Opportunity With Boliden AB (publ)'s (STO:BOL) 23% Undervaluation?

Is There An Opportunity With Boliden AB (publ)'s (STO:BOL) 23% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Boliden AB (publ) ( STO:BOL ) by taking the...

May 18
Here's Why I Think Boliden (STO:BOL) Might Deserve Your Attention Today

Here's Why I Think Boliden (STO:BOL) Might Deserve Your Attention Today

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

BOLSE Metals and MiningSE Market
7D-3.5%-4.9%-1.3%
1Y4.9%0.4%-23.6%

Return vs Industry: BOL exceeded the Swedish Metals and Mining industry which returned 0.4% over the past year.

Return vs Market: BOL exceeded the Swedish Market which returned -23.6% over the past year.

Price Volatility

Is BOL's price volatile compared to industry and market?
BOL volatility
BOL Average Weekly Movement6.9%
Metals and Mining Industry Average Movement7.7%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.2%
10% least volatile stocks in SE Market4.7%

Stable Share Price: BOL is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BOL's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19246,219Ms Staffashttps://www.boliden.com

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.

Boliden Fundamentals Summary

How do Boliden's earnings and revenue compare to its market cap?
BOL fundamental statistics
Market Capkr90.40b
Earnings (TTM)kr10.49b
Revenue (TTM)kr73.37b

8.9x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BOL income statement (TTM)
Revenuekr73.37b
Cost of Revenuekr58.03b
Gross Profitkr15.34b
Other Expenseskr4.84b
Earningskr10.49b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)38.36
Gross Margin20.91%
Net Profit Margin14.30%
Debt/Equity Ratio14.2%

How did BOL perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BOL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA4.7x
PEG Ratio-0.7x

Price to Earnings Ratio vs Peers

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

BOL PE Ratio vs Peers
The above table shows the PE ratio for BOL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12x
SSAB A SSAB
2.5x-55.9%kr44.6b
HOLM B Holmen
18.1x-16.2%kr68.9b
SCA B Svenska Cellulosa Aktiebolaget
15.5x-16.2%kr107.7b
HPOL B HEXPOL
12.8x6.7%kr29.9b
BOL Boliden
8.9x-13.4%kr90.4b

Price-To-Earnings vs Peers: BOL is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BOL is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Swedish Metals and Mining industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is BOL'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.

BOL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: BOL is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).


Share Price vs Fair Value

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

Below Fair Value: BOL (SEK341.2) is trading below our estimate of fair value (SEK533.4)

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


Price to Earnings Growth Ratio

PEG Ratio: BOL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Boliden forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-13.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOL's earnings are forecast to decline over the next 3 years (-13.4% per year).

Earnings vs Market: BOL's earnings are forecast to decline over the next 3 years (-13.4% per year).

High Growth Earnings: BOL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BOL's revenue is expected to decline over the next 3 years (-3.4% per year).

High Growth Revenue: BOL's revenue is forecast to decline over the next 3 years (-3.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOL's Return on Equity is forecast to be low in 3 years time (18.2%).


Discover growth companies

Past Performance

How has Boliden performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BOL has high quality earnings.

Growing Profit Margin: BOL's current net profit margins (14.3%) are higher than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: BOL's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: BOL's earnings growth over the past year (32.7%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: BOL earnings growth over the past year (32.7%) underperformed the Metals and Mining industry 171.9%.


Return on Equity

High ROE: BOL's Return on Equity (19%) is considered low.


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Financial Health

How is Boliden's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BOL's short term assets (SEK37.1B) exceed its short term liabilities (SEK14.5B).

Long Term Liabilities: BOL's short term assets (SEK37.1B) exceed its long term liabilities (SEK18.3B).


Debt to Equity History and Analysis

Debt Level: BOL has more cash than its total debt.

Reducing Debt: BOL's debt to equity ratio has reduced from 27.2% to 14.2% over the past 5 years.

Debt Coverage: BOL's debt is well covered by operating cash flow (154.3%).

Interest Coverage: BOL's interest payments on its debt are well covered by EBIT (125.1x coverage).


Balance Sheet


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Dividend

What is Boliden current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BOL's dividend (7.62%) is higher than the bottom 25% of dividend payers in the Swedish market (1.67%).

High Dividend: BOL's dividend (7.62%) is in the top 25% of dividend payers in the Swedish market (5.41%)


Stability and Growth of Payments

Stable Dividend: BOL's dividend payments have been volatile in the past 10 years.

Growing Dividend: BOL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.4%), BOL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (125.4%), BOL's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Ms Staffas (56 yo)

4yrs

Tenure

kr15,854,000

Compensation

Mr. Mikael Staffas, M.Sc. Engineering, MBA, also known as Ms, serves as President and Chief Executive Officer of Boliden AB (publ)since June 01, 2018. He was the President of Boliden Mines at Boliden AB fr...


CEO Compensation Analysis

Compensation vs Market: Ms's total compensation ($USD1.58M) is below average for companies of similar size in the Swedish market ($USD2.27M).

Compensation vs Earnings: Ms's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BOL's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: BOL's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BOL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Boliden AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Boliden AB (publ)
  • Ticker: BOL
  • Exchange: OM
  • Founded: 1924
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: kr90.395b
  • Shares outstanding: 273.51m
  • Website: https://www.boliden.com

Number of Employees


Location

  • Boliden AB (publ)
  • Klarabergsviadukten 90
  • P.O. Box 44
  • Stockholm
  • Stockholm County
  • 101 20
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.