Projected Income Statement: 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 14,400 9,508 3,858
Change - 98.37% 71,620% -0.62% 42.61% -5.29% -33.97% -59.42%
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 15,391 13,826 13,669
Change - 67.37% 54.66% -2.94% 3.19% -0.34% -10.17% -1.14%
Free Cash Flow (FCF) 1 7,148 6,329 -3,354 2,663 -9,250 3,871 8,402 11,645
Change - -11.46% -152.99% 179.4% -447.35% 141.85% 117.05% 38.61%
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% 22.3% 23.83% 24.73%
EBIT Margin (%) 16.15% 18.39% 10.55% 15.35% 14.11% 13.66% 15.32% 16.39%
EBT Margin (%) 15.79% 18.05% 9.67% 14.07% 12.73% 12.4% 14.29% 15.71%
Net margin (%) 12.68% 14.36% 7.73% 11.23% 10.06% 9.75% 11.09% 12.06%
FCF margin (%) 10.41% 7.32% -4.27% 2.99% -9.89% 3.31% 6.71% 9.22%
FCF / Net Income (%) 82.15% 51% -55.22% 26.57% -98.36% 33.99% 60.49% 76.46%

Profitability

        
ROA 11.37% 14.03% 6.1% 9.19% 7.25% 7.95% 9.74% 9.72%
ROE 18% 22.8% 10.59% 16.7% 13.4% 14.16% 15.98% 15.5%

Financial Health

        
Leverage (Debt/EBITDA) - - 0.74x 0.52x 0.69x 0.55x 0.32x 0.12x
Debt / Free cash flow - - -3.2x 4x -1.64x 3.72x 1.13x 0.33x

Capital Intensity

        
CAPEX / Current Assets (%) 8.68% 11.53% 19.63% 16.78% 16.51% 13.18% 11.04% 10.82%
CAPEX / EBITDA (%) 35.66% 45.2% 106.1% 73.09% 70.28% 59.11% 46.33% 43.76%
CAPEX / FCF (%) 83.34% 157.53% -459.75% 562% -166.95% 397.63% 164.57% 117.38%

Items per share

        
Cash flow per share 1 48.06 59.95 44.54 64.57 73.45 66.51 86.78 92.39
Change - 24.75% -25.7% 44.96% 13.75% -9.45% 30.48% 6.46%
Dividend per Share 1 26 26.5 7.5 - - 13.95 20.91 23.9
Change - 1.92% -71.7% - - - 49.89% 14.32%
Book Value Per Share 1 186 213.2 206.2 237.7 269.4 299 335.9 369.2
Change - 14.63% -3.26% 15.23% 13.38% 10.98% 12.32% 9.91%
EPS 1 31.81 45.37 22.21 36.65 33.39 40.12 49.96 54.62
Change - 42.63% -51.05% 65.02% -8.89% 20.16% 24.52% 9.31%
Nbr of stocks (in thousands) 273,511 273,511 273,471 273,471 283,955 283,955 283,955 283,955
Announcement Date 2/11/22 2/14/23 2/8/24 2/6/25 2/3/26 - - -
1SEK
Estimates
2026 *2027 *
P/E Ratio 12.8x 10.3x
PBR 1.72x 1.53x
EV / Sales 1.37x 1.24x
Yield 2.71% 4.06%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
514.40SEK
Average target price
547.67SEK
Spread / Average Target
+6.47%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. BOL Stock
  4. Financials Boliden AB
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