Projected Income Statement: Boliden AB

Forecast Balance Sheet: Boliden AB

Forecast Balance Sheet - Boliden AB
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -918 -15 10,728 10,662 15,205 16,555 10,767 7,055
Change - 98.37% 71,620% -0.62% 42.61% 8.88% -34.96% -34.48%
Announcement Date 2/11/22 2/14/23 2/8/24 2/6/25 2/3/26 - - -
1SEK in Million
Estimates

Cash Flow Forecast: Boliden AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 5,957 9,970 15,420 14,966 15,443 15,459 14,724 14,289
Change - 67.37% 54.66% -2.94% 3.19% 0.1% -4.75% -2.95%
Free Cash Flow (FCF) 1 7,148 6,329 -3,354 2,663 -9,250 3,643 10,813 12,883
Change - -11.46% -152.99% 179.4% -447.35% 139.38% 196.85% 19.14%
Announcement Date 2/11/22 2/14/23 2/8/24 2/6/25 2/3/26 - - -
1SEK in Million
Estimates

Forecast Financial Ratios: Boliden AB

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 24.34% 25.52% 18.5% 22.95% 23.5% 23.72% 24.05% 25.43%
EBIT Margin (%) 16.15% 18.39% 10.55% 15.35% 14.11% 15.27% 15.88% 16.84%
EBT Margin (%) 15.79% 18.05% 9.67% 14.07% 12.73% 14.26% 14.89% 15.99%
Net margin (%) 12.68% 14.36% 7.73% 11.23% 10.06% 10.98% 11.29% 12.04%
FCF margin (%) 10.41% 7.32% -4.27% 2.99% -9.89% 3.06% 7.99% 9.66%
FCF / Net Income (%) 82.15% 51% -55.22% 26.57% -98.36% 27.87% 70.7% 80.28%

Profitability

        
ROA 11.37% 14.03% 6.1% 9.19% 7.25% 8.36% 10.47% 10.29%
ROE 18% 22.8% 10.59% 16.7% 13.4% 15.79% 17.11% 15.82%

Financial Health

        
Leverage (Debt/EBITDA) - - 0.74x 0.52x 0.69x 0.59x 0.33x 0.21x
Debt / Free cash flow - - -3.2x 4x -1.64x 4.54x 1x 0.55x

Capital Intensity

        
CAPEX / Current Assets (%) 8.68% 11.53% 19.63% 16.78% 16.51% 12.98% 10.87% 10.72%
CAPEX / EBITDA (%) 35.66% 45.2% 106.1% 73.09% 70.28% 54.75% 45.21% 42.14%
CAPEX / FCF (%) 83.34% 157.53% -459.75% 562% -166.95% 424.39% 136.17% 110.92%

Items per share

        
Cash flow per share 1 48.06 59.95 44.54 64.57 73.45 61.43 92.27 94.02
Change - 24.75% -25.7% 44.96% 13.75% -16.37% 50.21% 1.9%
Dividend per Share 1 26 26.5 7.5 - 11 15.8 22.45 26.1
Change - 1.92% -71.7% - - 43.6% 42.13% 16.25%
Book Value Per Share 1 186 213.2 206.2 237.7 269.4 312.2 349.4 382.8
Change - 14.63% -3.26% 15.23% 13.38% 15.88% 11.91% 9.54%
EPS 1 31.81 45.37 22.21 36.65 33.39 46.72 54.99 59.51
Change - 42.63% -51.05% 65.02% -8.89% 39.92% 17.71% 8.21%
Nbr of stocks (in thousands) 273,511 273,511 273,471 273,471 283,955 283,962 283,962 283,962
Announcement Date 2/11/22 2/14/23 2/8/24 2/6/25 2/3/26 - - -
1SEK
Estimates
2026 *2027 *
P/E 10.9x 9.3x
PBR 1.64x 1.46x
EV / Sales 1.36x 1.15x
Yield 3.09% 4.39%

EPS & Dividend

EPS & Dividend - Boliden AB


Y-o-Y evolution of P/E

Valuation ratios - P/E - Boliden AB
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Boliden AB
Trader
Investor
Global
Quality
ESG MSCI
AAA
MarketScreener Ratings - Boliden AB
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
14
Last Close Price
511.40SEK
Average target price
570.93SEK
Spread / Average Target
+11.64%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Boliden AB
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