Company Valuation: Boliden

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 79,701 95,729 107,011 86,007 84,913 184,628 184,628 -
Change - 20.11% 11.79% -19.63% -1.27% 117.43% 0% -
Enterprise Value (EV) 1 81,937 94,811 106,996 96,735 95,575 202,226 195,869 190,213
Change - 15.71% 12.85% -9.59% -1.2% 111.59% -3.14% -2.89%
P/E ratio 11.7x 11x 8.62x 14.2x 8.47x 15.4x 12.9x 11.6x
PBR 1.75x 1.88x 1.84x 1.52x 1.31x 2.47x 2.09x 1.86x
PEG - 0.4x 0.2x -0.3x 0.1x -1.73x 0.2x 1x
Capitalization / Revenue 1.42x 1.39x 1.24x 1.09x 0.95x 1.56x 1.47x 1.51x
EV / Revenue 1.45x 1.38x 1.24x 1.23x 1.07x 2.21x 1.56x 1.55x
EV / EBITDA 5.6x 5.68x 4.85x 6.66x 4.67x 9.94x 6.75x 6.18x
EV / EBIT 9.17x 8.55x 6.73x 11.7x 6.98x 17.4x 10.1x 9.18x
EV / FCF 16.5x 13.3x 16.9x -28.8x 35.9x -18.7x 27.7x 14.1x
FCF Yield 6.05% 7.54% 5.92% -3.47% 2.79% -5.36% 3.61% 7.08%
Dividend per Share 2 14.25 26 26.5 7.5 - 9.541 16.75 18.95
Rate of return 4.89% 7.43% 6.77% 2.38% - 1.47% 2.58% 2.91%
EPS 2 24.86 31.81 45.37 22.21 36.65 33.39 50.31 56.2
Distribution rate 57.3% 81.7% 58.4% 33.8% - 33.3% 33.3% 33.7%
Net sales 1 56,321 68,635 86,437 78,554 89,207 93,509 125,583 122,433
EBITDA 1 14,628 16,703 22,057 14,533 20,475 21,972 29,013 30,800
EBIT 1 8,935 11,083 15,895 8,287 13,692 13,192 19,333 20,725
Net income 1 6,801 8,701 12,410 6,074 10,022 9,404 13,942 15,505
Net Debt 1 2,236 -918 -15 10,728 10,662 17,598 11,241 5,585
Reference price 2 291.40 350.00 391.25 314.50 310.50 650.20 650.20 650.20
Nbr of stocks (in thousands) 273,511 273,511 273,511 273,471 273,471 283,955 283,955 -
Announcement Date 12/02/21 11/02/22 14/02/23 08/02/24 06/02/25 03/02/26 - -
1SEK in Million2SEK
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.69x2.21x9.94x1.47% 20.65B
38.84x12.67x21.33x1.53% 164B
41.12x3.73x10.1x0.95% 90.31B
23.14x2.06x10.66x1.69% 66.48B
15.92x0.38x13.23x2.12% 24.02B
42.5x2.25x24.43x1.16% 23.6B
31.39x4.13x17.05x0.83% 20.41B
25.41x1.82x11.6x1.85% 17.5B
87.9x - - 0.38% 17.29B
Average 36.54x 3.66x 14.79x 1.33% 49.31B
Weighted average by Cap. 36.19x 6.50x 15.85x 1.38%

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