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 84,913 146,294 146,294 - -
Change - 11.79% -19.63% -1.27% 72.29% 0% - -
Enterprise Value (EV) 1 94,811 106,996 96,735 95,575 161,499 160,827 155,019 150,506
Change - 12.85% -9.59% -1.2% 68.98% -0.42% -3.61% -2.91%
P/E ratio 11x 8.62x 14.2x 8.47x 15.4x 12.5x 10.2x 9.35x
PBR 1.88x 1.84x 1.52x 1.31x 1.91x 1.72x 1.54x 1.39x
PEG - 0.2x -0.3x 0.1x -1.73x 0.5x 0.4x 1.05x
Capitalization / Revenue 1.39x 1.24x 1.09x 0.95x 1.56x 1.24x 1.18x 1.17x
EV / Revenue 1.38x 1.24x 1.23x 1.07x 1.73x 1.36x 1.25x 1.2x
EV / EBITDA 5.68x 4.85x 6.66x 4.67x 7.35x 6.11x 5.24x 4.87x
EV / EBIT 8.55x 6.73x 11.7x 6.98x 12.2x 9.98x 8.17x 7.4x
EV / FCF 13.3x 16.9x -28.8x 35.9x -17.5x 40.4x 18.1x 13.1x
FCF Yield 7.54% 5.92% -3.47% 2.79% -5.73% 2.48% 5.53% 7.65%
Dividend per Share 2 26 26.5 7.5 - - 14.26 20 23.43
Rate of return 7.43% 6.77% 2.38% - - 2.77% 3.88% 4.55%
EPS 2 31.81 45.37 22.21 36.65 33.39 41.06 50.61 55.12
Distribution rate 81.7% 58.4% 33.8% - - 34.7% 39.5% 42.5%
Net sales 1 68,635 86,437 78,554 89,207 93,509 117,912 124,191 125,567
EBITDA 1 16,703 22,057 14,533 20,475 21,972 26,319 29,560 30,880
EBIT 1 11,083 15,895 8,287 13,692 13,192 16,116 18,964 20,327
Net income 1 8,701 12,410 6,074 10,022 9,404 11,629 13,987 15,313
Net Debt 1 -918 -15 10,728 10,662 15,205 14,533 8,725 4,212
Reference price 2 350.00 391.25 314.50 310.50 515.20 515.20 515.20 515.20
Nbr of stocks (in thousands) 273,511 273,511 273,471 273,471 283,955 283,955 - -
Announcement Date 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.($)
12.55x1.36x6.11x2.77% 15.5B
25.17x9.25x14.55x2.3% 147B
26.84x3.35x8.27x0.95% 90.58B
12.34x1.55x6.01x2.83% 57.82B
35.28x4.89x18.87x0.66% 24.37B
9.6x0.26x9.32x4.58% 20.63B
23.72x1.36x11.14x1.49% 19.41B
27.2x - - 0.53% 18.9B
19.21x1.91x13.06x1.81% 17.52B
Average 21.32x 2.99x 10.92x 1.99% 45.8B
Weighted average by Cap. 22.85x 4.99x 11.27x 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