Company Valuation: Boliden

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 84,913 146,294 155,498 - -
Change - 11.79% -19.63% -1.27% 72.29% 6.29% - -
Enterprise Value (EV) 1 94,811 106,996 96,735 95,575 161,499 170,509 165,508 161,211
Change - 12.85% -9.59% -1.2% 68.98% 5.58% -2.93% -2.6%
P/E 11x 8.62x 14.2x 8.47x 15.4x 13.1x 10.6x 9.7x
PBR 1.88x 1.84x 1.52x 1.31x 1.91x 1.82x 1.61x 1.47x
PEG - 0.2x -0.3x 0.1x -1.73x 0.5x 0.4x 1.1x
Capitalization / Revenue 1.39x 1.24x 1.09x 0.95x 1.56x 1.34x 1.21x 1.21x
EV / Revenue 1.38x 1.24x 1.23x 1.07x 1.73x 1.46x 1.29x 1.25x
EV / EBITDA 5.68x 4.85x 6.66x 4.67x 7.35x 6.38x 5.44x 5.09x
EV / EBIT 8.55x 6.73x 11.7x 6.98x 12.2x 10.5x 8.4x 7.75x
EV / FCF 13.3x 16.9x -28.8x 35.9x -17.5x 39.7x 18.3x 13x
FCF Yield 7.54% 5.92% -3.47% 2.79% -5.73% 2.52% 5.46% 7.7%
Dividend per Share 2 26 26.5 7.5 - - 14.01 21.18 25.24
Rate of return 7.43% 6.77% 2.38% - - 2.56% 3.87% 4.61%
EPS 2 31.81 45.37 22.21 36.65 33.39 41.83 51.89 56.46
Distribution rate 81.7% 58.4% 33.8% - - 33.5% 40.8% 44.7%
Net sales 1 68,635 86,437 78,554 89,207 93,509 116,452 128,051 128,772
EBITDA 1 16,703 22,057 14,533 20,475 21,972 26,717 30,403 31,669
EBIT 1 11,083 15,895 8,287 13,692 13,192 16,214 19,698 20,811
Net income 1 8,701 12,410 6,074 10,022 9,404 11,700 14,226 15,224
Net Debt 1 -918 -15 10,728 10,662 15,205 15,011 10,011 5,714
Reference price 2 350.00 391.25 314.50 310.50 515.20 547.60 547.60 547.60
Nbr of stocks (in thousands) 273,511 273,511 273,471 273,471 283,955 283,962 - -
Announcement Date 11/02/22 14/02/23 08/02/24 06/02/25 03/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26x9.92x15.3x2.01% 168B
24.51x3.66x8.72x0.82% 104B
12.33x1.43x5.93x2.87% 56.32B
19.51x3.66x12.49x0.9% 22.05B
7.14x0.29x7.69x5.94% 20.58B
32.08x - - 1.27% 19.56B
21.46x1.24x10.65x2.05% 18.5B
11.68x1.6x10.73x2.81% 17.33B
Average 19.34x 3.12x 10.21x 2.33% 53.33B
Weighted average by Cap. 22.09x 5.56x 11.37x 1.97%

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