Company Valuation: Boliden AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 95,729 107,011 86,007 84,913 146,294 159,356 - -
Change - 11.79% -19.63% -1.27% 72.29% 8.93% - -
Enterprise Value (EV) 1 94,811 106,996 96,735 95,575 161,499 173,478 167,713 160,330
Change - 12.85% -9.59% -1.2% 68.98% 7.42% -3.32% -4.4%
P/E ratio 11x 8.62x 14.2x 8.47x 15.4x 13.1x 10.7x 9.86x
PBR 1.88x 1.84x 1.52x 1.31x 1.91x 1.87x 1.67x 1.5x
PEG - 0.2x -0.3x 0.1x -1.73x 0.5x 0.5x 1.15x
Capitalization / Revenue 1.39x 1.24x 1.09x 0.95x 1.56x 1.31x 1.28x 1.27x
EV / Revenue 1.38x 1.24x 1.23x 1.07x 1.73x 1.43x 1.35x 1.28x
EV / EBITDA 5.68x 4.85x 6.66x 4.67x 7.35x 6.55x 5.59x 5.11x
EV / EBIT 8.55x 6.73x 11.7x 6.98x 12.2x 10.1x 8.47x 7.72x
EV / FCF 13.3x 16.9x -28.8x 35.9x -17.5x 46.5x 18x 13.4x
FCF Yield 7.54% 5.92% -3.47% 2.79% -5.73% 2.15% 5.54% 7.46%
Dividend per Share 2 26 26.5 7.5 - - 14.93 19.35 23.37
Rate of return 7.43% 6.77% 2.38% - - 2.66% 3.45% 4.16%
EPS 2 31.81 45.37 22.21 36.65 33.39 42.98 52.41 56.9
Distribution rate 81.7% 58.4% 33.8% - - 34.7% 36.9% 41.1%
Net sales 1 68,635 86,437 78,554 89,207 93,509 121,708 124,081 125,687
EBITDA 1 16,703 22,057 14,533 20,475 21,972 26,499 29,994 31,372
EBIT 1 11,083 15,895 8,287 13,692 13,192 17,111 19,789 20,759
Net income 1 8,701 12,410 6,074 10,022 9,404 12,086 14,657 15,633
Net Debt 1 -918 -15 10,728 10,662 15,205 14,123 8,357 973.9
Reference price 2 350.00 391.25 314.50 310.50 515.20 561.20 561.20 561.20
Nbr of stocks (in thousands) 273,511 273,511 273,471 273,471 283,955 283,955 - -
Announcement Date 2/11/22 2/14/23 2/8/24 2/6/25 2/3/26 - - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.06x1.43x6.55x2.66% 17.46B
28.47x10.24x15.67x2.2% 161B
25.35x3.58x8.22x0.85% 101B
13.3x1.7x6.44x2.24% 61.53B
41.64x5.72x21.95x0.57% 28.7B
25.29x1.68x15.62x1.44% 23.44B
9.55x0.3x9.04x4.39% 21.09B
18.97x1.89x12.92x1.84% 17.37B
81.63x - - 0.36% 18.76B
Average 28.58x 3.32x 12.05x 1.84% 49.97B
Weighted average by Cap. 26.73x 5.51x 12.22x 1.79%

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