Boliden AB (publ)

OM:BOL Stock Report

Market Cap: SEK 137.9b

Boliden Valuation

Is BOL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BOL (SEK512.8) is trading below our estimate of future cash flow value (SEK1016.98)

Significantly Below Future Cash Flow Value: BOL is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOL?

Key metric: As BOL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BOL. This is calculated by dividing BOL's market cap by their current earnings.
What is BOL's PE Ratio?
PE Ratio15.5x
EarningsSEK 9.40b
Market CapSEK 137.92b

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 Average21.2x
SSAB A SSAB
15.4x11.04%SEK 73.3b
SCA B Svenska Cellulosa Aktiebolaget
24x8.89%SEK 76.4b
HOLM B Holmen
17.9x-0.087%SEK 51.8b
ALLEI Alleima
27.4x23.29%SEK 18.5b
BOL Boliden
15.5x16.47%SEK 137.9b

Price-To-Earnings vs Peers: BOL is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (21.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BOL 15.5xIndustry Avg. 15.5xNo. of Companies20PE01224364860+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOL is good value based on its Price-To-Earnings Ratio (15.5x) compared to the European Metals and Mining industry average (15.5x).

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 Ratio15.5x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: BOL is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).

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 512.80
SEK 562.06
+9.61%
10.67%SEK 700.00SEK 470.00n/a16
Mar ’27SEK 717.40
SEK 612.94
-14.56%
11.99%SEK 770.00SEK 470.00n/a16
Feb ’27SEK 626.60
SEK 518.44
-17.26%
16.31%SEK 640.00SEK 330.00n/a16
Jan ’27SEK 515.20
SEK 447.60
-13.12%
15.83%SEK 550.00SEK 330.00n/a15
Dec ’26SEK 456.40
SEK 414.73
-9.13%
12.94%SEK 500.00SEK 320.00n/a15
Nov ’26SEK 429.00
SEK 391.07
-8.84%
13.38%SEK 475.00SEK 300.00n/a15
Oct ’26SEK 386.00
SEK 327.20
-15.23%
12.63%SEK 405.00SEK 250.00n/a15
Sep ’26SEK 325.20
SEK 310.07
-4.65%
10.30%SEK 350.00SEK 250.00n/a15
Aug ’26SEK 298.30
SEK 310.73
+4.17%
9.64%SEK 350.00SEK 250.00n/a15
Jul ’26SEK 297.50
SEK 316.53
+6.40%
11.57%SEK 400.00SEK 250.00n/a15
Jun ’26SEK 299.90
SEK 327.38
+9.16%
15.95%SEK 480.00SEK 250.00n/a16
May ’26SEK 296.10
SEK 325.69
+9.99%
16.05%SEK 480.00SEK 250.00n/a16
Apr ’26SEK 327.90
SEK 351.87
+7.31%
16.00%SEK 500.00SEK 260.00SEK 512.8015
Mar ’26SEK 376.00
SEK 354.86
-5.62%
14.64%SEK 490.00SEK 290.00SEK 717.4014
Feb ’26SEK 333.40
SEK 342.50
+2.73%
13.58%SEK 470.00SEK 290.00SEK 626.6014
Jan ’26SEK 310.50
SEK 335.21
+7.96%
15.78%SEK 460.00SEK 270.00SEK 515.2014
Dec ’25SEK 325.40
SEK 329.88
+1.38%
16.92%SEK 480.00SEK 265.00SEK 456.4016
Nov ’25SEK 332.40
SEK 326.63
-1.74%
17.36%SEK 480.00SEK 265.00SEK 429.0016
Oct ’25SEK 342.30
SEK 333.80
-2.48%
15.60%SEK 450.00SEK 270.00SEK 386.0015
Sep ’25SEK 314.00
SEK 340.00
+8.28%
14.03%SEK 450.00SEK 273.00SEK 325.2016
Aug ’25SEK 317.80
SEK 342.81
+7.87%
14.27%SEK 450.00SEK 273.00SEK 298.3016
Jul ’25SEK 340.00
SEK 348.56
+2.52%
18.29%SEK 500.00SEK 254.00SEK 297.5016
Jun ’25SEK 366.80
SEK 341.81
-6.81%
19.86%SEK 500.00SEK 254.00SEK 299.9016
May ’25SEK 368.10
SEK 330.75
-10.15%
18.62%SEK 480.00SEK 254.00SEK 296.1016
Apr ’25SEK 297.25
SEK 293.81
-1.16%
9.10%SEK 340.00SEK 260.00SEK 327.9016
SEK 562.06
Fair Value
8.8% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/01 18:05
End of Day Share Price 2026/04/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Boliden AB (publ) is covered by 26 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Amos FletcherBarclays
Richard HatchBerenberg