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Boliden AB (publ)OM:BOL Stock Report

Market Cap SEK 95.3b
Share Price
SEK 332.90
My Fair Value
SEK 250
33.1% overvalued intrinsic discount
1Y15.0%
7D-1.1%
Portfolio Value
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Boliden AB (publ)

OM:BOL Stock Report

Market Cap: SEK 95.3b

Boliden (BOL) Stock Overview

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. More details

BOL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance3/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 59.8% below our estimate of its fair value

Earnings are forecast to grow 14.4% per year

Earnings grew by 3.6% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results


BOL Community Fair Values

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See what 56 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Boliden

Higher ESG Burdens And Lower Ore Grades Will Erode Margins

Key Takeaways Rising adoption of recycled metals and regulatory pressures threaten Boliden's growth, increase operational costs, and complicate project permitting across core markets. Depleting ore grades, volatile energy prices, and increased global competition are eroding margins, reducing pricing power, and heightening long-term earnings volatility.
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SEK 250.17
FV
33.1% overvalued intrinsic discount
-1.11%
Revenue growth p.a.
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0users have commented on this narrative
2users have followed this narrative
about 2 months ago author updated this narrative
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Boliden

Somincor, Zinkgruvan And Odda Projects Will Secure Metal Supply

Key Takeaways Smooth integration of acquisitions and project expansions positions Boliden to benefit from increased production volumes and demand for sustainably sourced, low-carbon metals. Ongoing digitalization, automation, and recycling initiatives are set to reduce costs, lift operational efficiency, and improve margins and earnings resilience.
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SEK 310.07
FV
7.4% overvalued intrinsic discount
6.02%
Revenue growth p.a.
1users have liked this narrative
0users have commented on this narrative
32users have followed this narrative
6 days ago author updated this narrative
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Boliden

Accelerating Electrification And Renewables Will Drive Low-Carbon Metals Demand

Key Takeaways Enhanced project execution, automation, and process optimization position Boliden to outperform consensus on revenue growth, cost structure, and long-term profitability. Strategic market positioning as a sustainable, European metals producer enables premium pricing, long-term contracts, and resilience amid industry-wide electrification trends.
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SEK 350.00
FV
4.9% undervalued intrinsic discount
13.37%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
about 2 months ago author updated this narrative
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Boliden AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Boliden
Historical stock prices
Current Share PriceSEK 332.90
52 Week HighSEK 393.00
52 Week LowSEK 259.40
Beta0.88
1 Month Change5.58%
3 Month Change11.79%
1 Year Change14.95%
3 Year Change-4.10%
5 Year Change22.43%
Change since IPO829.97%

Recent News & Updates

Earnings Working Against Boliden AB (publ)'s (STO:BOL) Share Price

Sep 02
Earnings Working Against Boliden AB (publ)'s (STO:BOL) Share Price

Earnings Miss: Boliden AB (publ) Missed EPS By 22% And Analysts Are Revising Their Forecasts

Jul 22
Earnings Miss: Boliden AB (publ) Missed EPS By 22% And Analysts Are Revising Their Forecasts

Boliden (STO:BOL) Seems To Use Debt Quite Sensibly

Jul 17
Boliden (STO:BOL) Seems To Use Debt Quite Sensibly

Recent updates

Earnings Working Against Boliden AB (publ)'s (STO:BOL) Share Price

Sep 02
Earnings Working Against Boliden AB (publ)'s (STO:BOL) Share Price

Earnings Miss: Boliden AB (publ) Missed EPS By 22% And Analysts Are Revising Their Forecasts

Jul 22
Earnings Miss: Boliden AB (publ) Missed EPS By 22% And Analysts Are Revising Their Forecasts

Boliden (STO:BOL) Seems To Use Debt Quite Sensibly

Jul 17
Boliden (STO:BOL) Seems To Use Debt Quite Sensibly

Little Excitement Around Boliden AB (publ)'s (STO:BOL) Earnings As Shares Take 27% Pounding

Apr 10
Little Excitement Around Boliden AB (publ)'s (STO:BOL) Earnings As Shares Take 27% Pounding

Investors Shouldn't Be Too Comfortable With Boliden's (STO:BOL) Earnings

Mar 28
Investors Shouldn't Be Too Comfortable With Boliden's (STO:BOL) Earnings

Here's What Analysts Are Forecasting For Boliden AB (publ) (STO:BOL) After Its Annual Results

Mar 25
Here's What Analysts Are Forecasting For Boliden AB (publ) (STO:BOL) After Its Annual Results

We Think Boliden (STO:BOL) Can Stay On Top Of Its Debt

Mar 05
We Think Boliden (STO:BOL) Can Stay On Top Of Its Debt

Boliden AB (publ) (STO:BOL) Yearly Results: Here's What Analysts Are Forecasting For This Year

Feb 10
Boliden AB (publ) (STO:BOL) Yearly Results: Here's What Analysts Are Forecasting For This Year

Investors Don't See Light At End Of Boliden AB (publ)'s (STO:BOL) Tunnel

Jan 12
Investors Don't See Light At End Of Boliden AB (publ)'s (STO:BOL) Tunnel

Boliden (STO:BOL) Seems To Use Debt Quite Sensibly

Nov 30
Boliden (STO:BOL) Seems To Use Debt Quite Sensibly
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Decisive Mine Expansions And IT Innovations Promise Thriving Revenue Growth

Strategic project expansions and environmental permits are set to increase production capacity and revenue through higher output and enhanced efficiency.

Boliden AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Oct 25
Boliden AB (publ) Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

There Are Reasons To Feel Uneasy About Boliden's (STO:BOL) Returns On Capital

Oct 05
There Are Reasons To Feel Uneasy About Boliden's (STO:BOL) Returns On Capital

Shareholder Returns

BOLSE Metals and MiningSE Market
7D-1.1%2.3%2.1%
1Y15.0%14.0%0.2%

Return vs Industry: BOL matched the Swedish Metals and Mining industry which returned 14% over the past year.

Return vs Market: BOL exceeded the Swedish Market which returned 0.2% over the past year.

Price Volatility

Is BOL's price volatile compared to industry and market?
BOL volatility
BOL Average Weekly Movement4.5%
Metals and Mining Industry Average Movement6.8%
Market Average Movement5.8%
10% most volatile stocks in SE Market12.1%
10% least volatile stocks in SE Market3.0%

Stable Share Price: BOL has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: BOL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19247,704Mikael Staffaswww.boliden.com

Boliden AB (publ) engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. The company operates through Business Area Mines and Business Area Smelters segments. It explores copper, zinc, nickel, lead, gold, silver, cobalt, sulphuric acid, tellurium, platinum, and palladium deposits.

Boliden AB (publ) Fundamentals Summary

How do Boliden's earnings and revenue compare to its market cap?
BOL fundamental statistics
Market capSEK 95.25b
Earnings (TTM)SEK 8.04b
Revenue (TTM)SEK 91.38b
11.8x
P/E Ratio
1.0x
P/S Ratio

Is BOL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BOL income statement (TTM)
RevenueSEK 91.38b
Cost of RevenueSEK 78.33b
Gross ProfitSEK 13.05b
Other ExpensesSEK 5.01b
EarningsSEK 8.04b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Oct 22, 2025

Earnings per share (EPS)28.29
Gross Margin14.28%
Net Profit Margin8.80%
Debt/Equity Ratio38.2%

How did BOL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/10 17:40
End of Day Share Price 2025/09/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 36 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
Philip NgothoABN AMRO Bank N.V.
Amos FletcherBarclays