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Stock Boliden AB BOL.ST

Boliden AB — Investlytic score 5/5 on the five criteria.

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100/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 5/5 criteria met. Data as of 04/11/2026.

  • ✅ Price trend passed
  • ✅ Growth passed
  • ✅ Debt passed
  • ✅ P/E passed
  • ✅ Correction passed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: 31.94%

Price change 2019 → 2020: 17.26%

Price change 2020 → 2021: 22.18%

Price change 2021 → 2022: 16.50%

Price change 2022 → 2023: -17.06%

Price change 2023 → 2024: -1.27%

Price change 2024 → 2025: 65.93%

Price change 2025 → 2026: -3.18%

Price change 2026 (year to date): -4.26%

Financial growth

Revenue CAGR (8 years): 8.61%

Earnings CAGR (8 years): 3.89%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 0.31

Debt/equity < 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 9.93

P/E < 25.0 (maximum threshold).

Correction (6 months)

Current correction: 16.59% from the high over 6 months.

Correction between 10.0% and 20.0% (target range).

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Criteria of the Investlytic model

- / 5
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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
Boliden AB11.20.31+6.4 %🔒
Royal Gold, Inc.23.70.14+11.0 %★ 5/5
Albemarle Corporation15.20.35+5.3 %–
Syensqo SA/NV30.10.49+1.4 %–
Dow Inc.–1.22+0.8 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Boliden AB over the latest fiscal years.

Revenue
9.5 bn USD
fiscal year 2025
Net income
951 m USD
fiscal year 2025
Net margin
10.1 %
fiscal year 2025
Average annual growth
+10.7 %
Revenue growth over 5 years
Average annual growth
+8.8 %
Revenue growth over 10 years
Market cap
14.5 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
20205.7 bn687 m12.1 %n/a
20216.9 bn880 m12.7 %+21.9 %
20228.7 bn1.3 bn14.4 %+25.9 %
20237.9 bn614 m7.7 %-9.1 %
20249.0 bn1.0 bn11.2 %+13.6 %
20259.5 bn951 m10.1 %+4.8 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Boliden AB over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
solid accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
2.50
gray zone (1.81 to 2.99)
Piotroski Score
8 / 9
7 to 9: solid accounts
DCF Value
257.68 SEK
DCF below share price · share price 503.40 SEK, gap -48.8 %
Net Debt / EBITDA
0.61 x
low debt
Fiscal year20212022202320242025
Cash and investments8.3 bn12.2 bn5.0 bn7.1 bn9.2 bn
Total Debt6.2 bn11.2 bn14.6 bn16.5 bn23.8 bn
Net Debt-2.1 bn-967 m9.6 bn9.5 bn14.6 bn
Equity50.9 bn58.3 bn56.4 bn65.0 bn76.5 bn
Total assets80.5 bn96.4 bn102 bn116 bn143 bn
Operating cash flow13.1 bn16.4 bn12.2 bn17.7 bn20.7 bn
Investments (capex)6.0 bn10.0 bn15.4 bn15.0 bn15.5 bn
Free cash-flow7.2 bn6.4 bn-3.3 bn2.7 bn5.2 bn
Share buybacks04.2 bn3.1 bn091.0 m
Dividends paid2.3 bn2.9 bn4.1 bn2.1 bn0

Amounts in SEK, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)10.02 x
Price / book value1.67 x
Return on Equity (ROE)17.6 %
Return on Invested Capital (ROIC)11.5 %
Net margin12.7 %
Debt / equity0.28 x
Current ratio1.62 x
Interest coverage11.18 x
Free cash-flow yield2.6 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

Boliden AB compared with its sector on the same exchange and with its main competitors.

Company P/E
10.0

Direct competitors

CompanyMarket cap (USD)P/ENet margin
Boliden AB14.5 bn10.010.1 %
Norsk Hydro ASA NHY.OL14.2 bn12.63.2 %
PJSC Mining and Metallurgical Company Norilsk Nickel GMKN.ME21.9 bnn/a14.2 %
Southern Copper Corporation SCCO143 bn22.032.3 %
Hecla Mining Company HL9.9 bn20.522.6 %

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 06/11/2026. Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering Boliden AB publish: ratings, price targets and earnings forecasts.

Majority rating
hold
14 analysts

Breakdown of ratings

strong buy 1buy 1hold 11sell 0strong sell 1

Price targets: published for companies listed in the United States only.

Analyst forecasts

Fiscal yearRevenueNet incomeExpected EPS (range)P/E on this EPSAnalysts
2026116 bn13.0 bn44.77 (39.87 / 47.46)11.212
2027138 bn15.7 bn55.81 (40.90 / 67.36)9.012
2028140 bn17.5 bn61.79 (46.04 / 98.07)8.112

Amounts in SEK, the reporting currency.

Track record against expectations: reported EPS above consensus 9 times over the last 12 releases.

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

Boliden AB: dividend history, last distributions, stock splits and earnings releases.

Frequency
annual
Last dividend
11.00 SEK
ex-dividend on 29/04/2026
Last 12 months
11.00 SEK
number of payments: 1
Yield
0.0 %
on the last known price
Years of increases
0
consecutive
Years of payments
0
uninterrupted
06.6213.2519.8826.502007 : 4.00 SEK2008 : 4.00 SEK20082009 : 0.0000 SEK2010 : 3.00 SEK20102011 : 5.00 SEK2012 : 4.00 SEK20122013 : 4.00 SEK2014 : 1.75 SEK20142015 : 2.25 SEK2016 : 3.25 SEK20162017 : 5.25 SEK2018 : 8.25 SEK20182019 : 8.75 SEK2020 : 7.00 SEK20202021 : 8.25 SEK2022 : 26.00 SEK20222023 : 26.50 SEK2024 : 7.50 SEK20242025 : 0.0000 SEK2026 : 11.00 SEK2026

Annual dividend per share (SEK), adjusted for splits. Light bar: current year, incomplete. Red bar: lower than the previous year.

Latest ex-dividend dates

Ex-dividendAmountPayment
29/04/202611.00 SEK06/05/2026
24/04/20247.50 SEK30/04/2024
09/05/202311.50 SEKn/a
26/04/202315.00 SEK03/05/2023
11/05/202215.50 SEK13/06/2022
29/04/202210.50 SEK05/05/2022
28/04/20218.25 SEK04/05/2021
29/04/20207.00 SEK06/05/2020

Earnings releases

DatePublished EPSExpected EPSSurprise
29/10/202613.6911.37+20.4 %
21/07/20267.767.71+0.6 %
28/04/202613.4513.25+1.5 %
03/02/202615.3110.59+44.6 %
22/10/20258.0710.71-24.6 %
17/07/20252.062.97-30.6 %

Stock splits

DateOperation
09/05/2023split: 2 shares for 1
11/05/2022split: 2 shares for 1
10/03/2004split: 31 shares for 25
07/12/2001reverse split: 1 share for 20

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in Boliden AB.

Free float
98.2 %
share of freely traded shares

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 07/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
likely
head office in the EU or EEA, listed on a European exchange
Listing exchange
Nasdaq Stockholm
IPO: 05/12/2001
ISIN code
SE0020050417
Workforce
7,500
full-time employees
Chief executive
Mikael Staffas MBA
Next earnings
03/02/2027

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Boliden AB

What is the Boliden AB share price?

Latest recorded price: 503.40 SEK on 06/11/2026, for a market cap of 14.5 bn USD.

What is the revenue of Boliden AB?

9.5 bn USD for fiscal year 2025, with net income of 951 m USD (net margin 10.1 %).

Does Boliden AB pay a dividend?

Yes. Latest dividend: 11.00 SEK per share, ex-dividend on 29/04/2026. Over 12 months: 11.00 SEK. Yield on the latest known price: 0.0 %.

When does Boliden AB report its next earnings?

The next release is expected on 03/02/2027. EPS expected by analysts: 12.56.

What do analysts say about Boliden AB?

Out of 14 analysts: 2 buy or strong buy, 11 hold, 1 sell or strong sell.

What is the P/E ratio of Boliden AB?

Trailing 12-month P/E of 10.0.

Is Boliden AB stock eligible for the French PEA?

Likely: the company is headquartered in the European Union or the European Economic Area (ISIN SE0020050417) and the stock is listed on a European exchange. The institution holding the PEA confirms eligibility.

How many employees does Boliden AB have?

7,500 full-time employees according to the latest published profile.

Who runs Boliden AB?

Mikael Staffas MBA is the company's chief executive.

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