Company Valuation: Boliden AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 95,729 107,011 86,007 84,913 146,294 150,898 - -
Change - 11.79% -19.63% -1.27% 72.29% 3.15% - -
Enterprise Value (EV) 1 94,811 106,996 96,735 95,575 161,499 165,909 161,716 156,997
Change - 12.85% -9.59% -1.2% 68.98% 2.73% -2.53% -2.92%
P/E 11x 8.62x 14.2x 8.47x 15.4x 12.3x 10.2x 9.44x
PBR 1.88x 1.84x 1.52x 1.31x 1.91x 1.76x 1.54x 1.41x
PEG - 0.2x -0.3x 0.1x -1.73x 0.4x 0.5x 1.14x
Capitalization / Revenue 1.39x 1.24x 1.09x 0.95x 1.56x 1.3x 1.16x 1.15x
EV / Revenue 1.38x 1.24x 1.23x 1.07x 1.73x 1.42x 1.25x 1.2x
EV / EBITDA 5.68x 4.85x 6.66x 4.67x 7.35x 6.21x 5.23x 4.86x
EV / EBIT 8.55x 6.73x 11.7x 6.98x 12.2x 9.83x 8.08x 7.45x
EV / FCF 13.3x 16.9x -28.8x 35.9x -17.5x 38.5x 17.6x 12.4x
FCF Yield 7.54% 5.92% -3.47% 2.79% -5.73% 2.6% 5.69% 8.04%
Dividend per Share 2 26 26.5 7.5 - - 14.01 21.21 25.19
Rate of return 7.43% 6.77% 2.38% - - 2.64% 3.99% 4.74%
EPS 2 31.81 45.37 22.21 36.65 33.39 43.2 52 56.3
Distribution rate 81.7% 58.4% 33.8% - - 32.4% 40.8% 44.7%
Net sales 1 68,635 86,437 78,554 89,207 93,509 116,452 129,698 130,978
EBITDA 1 16,703 22,057 14,533 20,475 21,972 26,717 30,931 32,289
EBIT 1 11,083 15,895 8,287 13,692 13,192 16,882 20,018 21,082
Net income 1 8,701 12,410 6,074 10,022 9,404 12,093 14,460 15,410
Net Debt 1 -918 -15 10,728 10,662 15,205 15,011 10,818 6,100
Reference price 2 350.00 391.25 314.50 310.50 515.20 531.40 531.40 531.40
Nbr of stocks (in thousands) 273,511 273,511 273,471 273,471 283,955 283,962 - -
Announcement Date 2/11/22 2/14/23 2/8/24 2/6/25 2/3/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.49x1.44x6.29x2.6% 15.6B
25.31x9.78x14.99x2.04% 166B
23.87x3.57x8.5x0.84% 102B
11.52x1.34x5.53x3.08% 52.95B
18.87x3.56x12.12x0.93% 21.36B
33.9x - - 1.2% 20.69B
6.97x0.29x7.9x6.1% 19.22B
19.72x1.15x9.91x2.23% 16.58B
10.6x1.48x10.26x3.1% 16.07B
Average 18.14x 2.83x 9.44x 2.46% 47.76B
Weighted average by Cap. 21.31x 5.38x 10.95x 2.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
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  3. BOL Stock
  4. Valuation Boliden AB
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