Boliden AB (publ)

OM:BOL Stock Report

Market Cap: SEK 92.7b

Boliden Valuation

Is BOL 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 BOL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BOL (SEK339.1) is trading below our estimate of fair value (SEK896.3)

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

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/Revenue1.3x
Enterprise Value/EBITDA8.2x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does BOL's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
SSAB A SSAB
4.9x-10.9%SEK 57.6b
SCA B Svenska Cellulosa Aktiebolaget
33.9x14.1%SEK 110.0b
HOLM B Holmen
21.6x7.4%SEK 66.3b
HPOL B HEXPOL
16.2x5.4%SEK 40.6b
BOL Boliden
19.9x22.5%SEK 92.7b

Price-To-Earnings vs Peers: BOL is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (19.2x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.5%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.5%
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No more companies

Price-To-Earnings vs Industry: BOL is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the European Metals and Mining industry average (15.7x).

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 Ratio19.9x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: BOL is good value based on its Price-To-Earnings Ratio (19.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

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 BOL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 340.00
SEK 348.56
+2.5%
18.3%SEK 500.00SEK 254.00n/a16
Jun ’25SEK 366.80
SEK 341.81
-6.8%
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 267.30
SEK 294.75
+10.3%
12.7%SEK 380.00SEK 240.00n/a16
Feb ’25SEK 274.90
SEK 298.13
+8.4%
12.7%SEK 380.00SEK 250.00n/a16
Jan ’25SEK 314.50
SEK 300.56
-4.4%
15.3%SEK 380.00SEK 240.00n/a16
Dec ’24SEK 293.20
SEK 302.13
+3.0%
15.0%SEK 380.00SEK 240.00n/a16
Nov ’24SEK 285.50
SEK 302.56
+6.0%
12.7%SEK 380.00SEK 245.00n/a16
Oct ’24SEK 314.45
SEK 305.50
-2.8%
10.9%SEK 380.00SEK 257.00n/a16
Sep ’24SEK 294.65
SEK 301.06
+2.2%
10.7%SEK 360.00SEK 240.00n/a17
Aug ’24SEK 307.20
SEK 302.53
-1.5%
10.5%SEK 360.00SEK 240.00n/a17
Jul ’24SEK 311.55
SEK 351.75
+12.9%
13.9%SEK 495.00SEK 270.00SEK 340.0017
Jun ’24SEK 336.55
SEK 375.80
+11.7%
12.9%SEK 495.00SEK 310.00SEK 366.8017
May ’24SEK 366.20
SEK 398.38
+8.8%
14.3%SEK 520.00SEK 310.00SEK 368.1017
Apr ’24SEK 407.80
SEK 406.32
-0.4%
15.4%SEK 560.00SEK 310.00SEK 297.2517
Mar ’24SEK 446.85
SEK 421.59
-5.7%
15.3%SEK 560.00SEK 310.00SEK 267.3016
Feb ’24SEK 463.75
SEK 392.32
-15.4%
17.1%SEK 525.00SEK 280.00SEK 274.9017
Jan ’24SEK 391.25
SEK 363.72
-7.0%
12.6%SEK 455.00SEK 280.00SEK 314.5018
Dec ’23SEK 381.30
SEK 350.83
-8.0%
13.7%SEK 455.00SEK 275.00SEK 293.2018
Nov ’23SEK 333.30
SEK 343.61
+3.1%
14.4%SEK 450.00SEK 220.00SEK 285.5018
Oct ’23SEK 346.55
SEK 339.36
-2.1%
14.5%SEK 460.00SEK 240.00SEK 314.4518
Sep ’23SEK 327.25
SEK 336.24
+2.7%
15.2%SEK 460.00SEK 240.00SEK 294.6517
Aug ’23SEK 329.90
SEK 333.00
+0.9%
13.2%SEK 400.00SEK 240.00SEK 307.2017
Jul ’23SEK 313.60
SEK 408.87
+30.4%
17.2%SEK 580.00SEK 339.00SEK 311.5516

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

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