OM:BOL

Stock Analysis Report

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Market Cap

kr95.8b

Last Updated

2021/06/13 20:37 UTC

Data Sources

Company Financials +

Executive Summary

Boliden AB (publ) engages in exploring, extracting, and processing base metals and precious metals in Sweden, other Nordic region, Germany, the United Kingdom, rest of Europe, North America, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


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 is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BOL's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.4%

BOL

1.2%

SE Metals and Mining

0.4%

SE Market


1 Year Return

67.3%

BOL

66.9%

SE Metals and Mining

48.9%

SE Market

Return vs Industry: BOL matched the Swedish Metals and Mining industry which returned 66.9% over the past year.

Return vs Market: BOL exceeded the Swedish Market which returned 48.9% over the past year.


Shareholder returns

BOLIndustryMarket
7 Day1.4%1.2%0.4%
30 Day0.5%1.9%3.4%
90 Day6.9%5.6%7.4%
1 Year71.5%67.3%71.7%66.9%54.3%48.9%
3 Year26.1%14.9%15.2%6.0%72.8%55.8%
5 Year163.6%129.2%142.3%108.4%122.5%78.9%

Long-Term 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

Valuation

Is Boliden undervalued compared to its fair value and its price relative to the market?

25.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BOL (SEK350.4) is trading below our estimate of fair value (SEK472.39)

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


Price To Earnings Ratio

PE vs Industry: BOL is good value based on its PE Ratio (12.1x) compared to the Swedish Metals and Mining industry average (23.3x).

PE vs Market: BOL is good value based on its PE Ratio (12.1x) compared to the Swedish market (24x).


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's PB Ratio (2x) is in line with the SE Metals and Mining industry average.


Future Growth

How is Boliden forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

-5.0%

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 (-5% per year).

Earnings vs Market: BOL's earnings are forecast to decline over the next 3 years (-5% 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 (-0.7% per year).

High Growth Revenue: BOL's revenue is forecast to decline over the next 3 years (-0.7% 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 (15.5%).


Past Performance

How has Boliden performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOL has high quality earnings.

Growing Profit Margin: BOL's current net profit margins (13.1%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: BOL's earnings have grown by 10.8% per year over the past 5 years.

Accelerating Growth: BOL's earnings growth over the past year (59.4%) exceeds its 5-year average (10.8% per year).

Earnings vs Industry: BOL earnings growth over the past year (59.4%) exceeded the Metals and Mining industry -14.6%.


Return on Equity

High ROE: BOL's Return on Equity (16.4%) is considered low.


Financial Health

How is Boliden's financial position?


Financial Position Analysis

Short Term Liabilities: BOL's short term assets (SEK26.9B) exceed its short term liabilities (SEK11.0B).

Long Term Liabilities: BOL's short term assets (SEK26.9B) exceed its long term liabilities (SEK15.6B).


Debt to Equity History and Analysis

Debt Level: BOL's debt to equity ratio (12.4%) is considered satisfactory.

Reducing Debt: BOL's debt to equity ratio has reduced from 20.7% to 12.4% over the past 5 years.

Debt Coverage: BOL's debt is well covered by operating cash flow (225.6%).

Interest Coverage: BOL's interest payments on its debt are well covered by EBIT (91.3x coverage).


Balance Sheet


Dividend

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

2.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOL's dividend (2.35%) is higher than the bottom 25% of dividend payers in the Swedish market (1.12%).

High Dividend: BOL's dividend (2.35%) is low compared to the top 25% of dividend payers in the Swedish market (3.43%).


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 (28.5%), 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 (53.7% payout ratio).


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Ms Staffas (55 yo)

3yrs

Tenure

kr13,997,000

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 ($USD1.68M) is below average for companies of similar size in the Swedish market ($USD2.50M).

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 considered experienced (4.7 years average tenure).


Board Members

Experienced Board: BOL's board of directors are considered experienced (4.3 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: kr95.838b
  • 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


Biography

Boliden AB (publ) engages in exploring, extracting, and processing base metals and precious metals in Sweden, other Nordic region, Germany, the United Kingdom, rest of Europe, North America, and internatio...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 20:37
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.