Executive Summary
Boliden AB (publ), a metals company, explores for, mines, smelts, and recycles metals.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Boliden's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BOL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.6%
BOL
10.5%
SE Metals and Mining
7.3%
SE Market
1 Year Return
-32.4%
BOL
-33.8%
SE Metals and Mining
-6.6%
SE Market
Return vs Industry: BOL exceeded the Swedish Metals and Mining industry which returned -35.6% over the past year.
Return vs Market: BOL underperformed the Swedish Market which returned -6.4% over the past year.
Shareholder returns
| BOL | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.6% | 10.5% | 7.3% |
| 30 Day | 15.0% | 7.5% | -2.6% |
| 90 Day | -21.3% | -24.0% | -17.3% |
| 1 Year | -30.1%-32.4% | -32.2%-33.8% | -4.7%-6.6% |
| 3 Year | -24.0%-29.8% | -25.9%-31.7% | 7.0%-8.2% |
| 5 Year | 18.5%5.5% | -11.3%-21.6% | 15.3%-8.3% |
Price Volatility Vs. Market
How volatile is Boliden's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Kind Of Shareholder Owns Most Boliden AB (publ) (STO:BOL) Stock?4 weeks ago | Simply Wall St
What Is Boliden's (STO:BOL) P/E Ratio After Its Share Price Tanked?1 month ago | Simply Wall St
Those Who Purchased Boliden (STO:BOL) Shares Three Years Ago Have A 27% Loss To Show For ItValuation
Is Boliden undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BOL (SEK195.1) is trading below our estimate of fair value (SEK458.1)
Significantly Below Fair Value: BOL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BOL is poor value based on its PE Ratio (9.2x) compared to the Metals and Mining industry average (8x).
PE vs Market: BOL is good value based on its PE Ratio (9.2x) compared to the Swedish market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: BOL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BOL is overvalued based on its PB Ratio (1.3x) compared to the SE Metals and Mining industry average (1.2x).
Next Steps
Future Growth
How is Boliden forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
-0.5%
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 (-0.5% per year).
Earnings vs Market: BOL's earnings are forecast to decline over the next 3 years (-0.5% per year).
High Growth Earnings: BOL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BOL's revenue (2.2% per year) is forecast to grow slower than the Swedish market (4.2% per year).
High Growth Revenue: BOL's revenue (2.2% per year) is forecast to grow slower than 20% 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 (11.5%).
Next Steps
Past Performance
How has Boliden performed over the past 5 years?
22.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BOL has high quality earnings.
Growing Profit Margin: BOL's current net profit margins (11.6%) are lower than last year (13.7%).
Past Earnings Growth Analysis
Earnings Trend: BOL's earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: BOL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BOL had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (-16.2%).
Return on Equity
High ROE: BOL's Return on Equity (14%) is considered low.
Next Steps
Financial Health
How is Boliden's financial position?
Financial Position Analysis
Short Term Liabilities: BOL's short term assets (SEK18.5B) exceed its short term liabilities (SEK12.4B).
Long Term Liabilities: BOL's short term assets (SEK18.5B) exceed its long term liabilities (SEK12.6B).
Debt to Equity History and Analysis
Debt Level: BOL's debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: BOL's debt to equity ratio has reduced from 31.9% to 13.3% over the past 5 years.
Debt Coverage: BOL's debt is well covered by operating cash flow (171.6%).
Interest Coverage: BOL's interest payments on its debt are well covered by EBIT (60.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Boliden's current dividend yield, its reliability and sustainability?
3.60%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BOL's dividend (3.59%) is higher than the bottom 25% of dividend payers in the Swedish market (1.98%).
High Dividend: BOL's dividend (3.59%) is low compared to the top 25% of dividend payers in the Swedish market (5.83%).
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.1%), BOL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BOL's dividends in 3 years are forecast to be covered by earnings (54.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Ms Staffas (54yo)
1.83s
Tenure
kr13,647,000
Compensation
Mr. Mikael Staffas, M.Sc. Engineering, MBA, serves as President and CEO of Boliden AB (publ)since June 01, 2018. He was the President of Boliden Mines at Boliden AB from November 2015 until June 01, 2018 a ...
CEO Compensation Analysis
Compensation vs Market: Ms's total compensation ($USD1.36M) is about average for companies of similar size in the Swedish market ($USD1.34M).
Compensation vs Earnings: Ms's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 1.83yrs | kr13.65m | 0.0066% SEK3.5m | |
| Chief Financial Officer | 4yrs | no data | 0.00082% SEK436.4k | |
| Chief Information Officer | 5.92yrs | no data | no data | |
| Director Investor Relations | 2.08yrs | no data | no data | |
| Director of Group Communications | 3.5yrs | no data | no data | |
| Head of New Business Area Zinc Smelting Operations | 14.67yrs | no data | no data | |
| Chief Procurement Officer | 7.67yrs | no data | no data | |
| President of Boliden Mines | 2.25yrs | no data | 0.00037% SEK196.9k | |
| President of Boliden Smelters | 1.25yrs | no data | no data |
3.5yrs
Average Tenure
52yo
Average Age
Experienced Management: BOL's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3yrs | kr805.00k | 0.00037% SEK196.9k | |
| Independent Director | 7.25yrs | kr705.00k | 0.0025% SEK1.3m | |
| Independent Chairman of the Board | 15.25yrs | kr1.93m | 0.016% SEK8.8m | |
| Independent Director | 17.25yrs | kr580.00k | 0.00046% SEK244.8k | |
| Independent Director | 10yrs | kr630.00k | 0.000040% SEK21.3k | |
| Employee Representative Director | 12.25yrs | no data | 0.000020% SEK10.6k | |
| Independent Director | 0.92yr | kr580.00k | no data | |
| Independent Director | 5.25yrs | kr580.00k | 0.00037% SEK196.9k | |
| Employee Representative Director | 6.25yrs | no data | no data | |
| Employee Representative Director | 2.25yrs | no data | no data |
6.8yrs
Average Tenure
57.5yo
Average Age
Experienced Board: BOL's board of directors are considered experienced (6.8 years average tenure).
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 company bio, 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
- Market Cap: kr53.225b
- Shares outstanding: 273.51m
- Website: https://www.boliden.com
Number of Employees
Location
- Boliden AB (publ)
- Klarabergsviadukten 90
- PO Box 44
- Stockholm
- Stockholm County
- 101 20
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BOL | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Shares | SE | SEK | Feb 1998 |
| BWJQ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 1998 |
| 0YAL | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | SEK | Feb 1998 |
| BOLI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 1998 |
| BDNN.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 | |
| 0YAL | LSE (London Stock Exchange) | NPV | GB | SEK | May 2018 | |
| BOLS | BATS-CHIXE (BATS 'Chi-X Europe') | NPV | GB | SEK | May 2018 |
Biography
Boliden AB (publ), a metals company, explores for, mines, smelts, and recycles metals. It operates in two segments, Business Area Mines and Business Area Smelters. The company mines for zinc, copper, lead, gold, silver, nickel, and tellurium deposits. It operates the Aitik, the Boliden Area, and Garpenberg mines in Sweden; Tara mine in Ireland; and Kylylahti and Kevitsa mines in Finland. The company also produces zinc and lead ingots, copper cathodes, and gold bars and silver granules; sulphuric acid, zinc clinker, sulphur dioxide, and palladium concentrates; copper, lead, nickel, and zinc concentrates; and by-products comprising copper sulphate, zinc clinker, iron sand, copper telluride, selenium, nickel matte, crude nickel sulphate, and platinum group metal concentrates. In addition, it recycles copper and precious metals from electronic scrap; lead from used lead-acid batteries; and metals from waste products. Further, Boliden AB (publ) extracts silver from zinc concentrates. The company sells its products principally to industrial customers, as well as to base metal dealers and international metal stocks, such as the London Metal Exchange in Sweden, other Nordic region countries, Germany, the United Kingdom, other European countries, North America, and internationally. Boliden AB (publ) was founded in 1924 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/10 00:42 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.