Boliden AB (BOL) Fair Value & Analysis
Basic Materials · SE · Market cap 146B SEK
Fair value as of: Aug 13, 2026
From 24 valuation models · updated today
Share price −0.7% over the past month.
A solid business, but screening 13% overvalued on our models.
What matters now
- The model range is unusually wide (kr 249.24 to kr 703.75). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range kr 217.76 – kr 706.64 · fair‑value band kr 249.24 – kr 703.75 · the kr 527.80 price screens above the kr 461.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Boliden AB (BOL) currently trades at kr 527.80, while our model-based Fair Value estimate is kr 461.48, implying the stock looks roughly 12.6% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Boliden AB generated revenue of 100B SEK at a net margin of 11.0%. Revenue grew 31.7% year over year. It earns a return on equity of 14.7%. Net debt stands at 14.6B SEK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 249.24 (bear case) to kr 703.75 (bull case); at kr 527.80, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 91% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -40% fair-value upside, at -13%, BOL screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Multiples (kr 563.00) versus Asset-Based (kr 180.53). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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, palladium, rhodium, iridium, ruthenium, and osmium deposits. The company operates the Aitik, the Boliden Area, and Garpenberg mines in Sweden; the Tara mine in Ireland; the Kevitsa mines in Finland; the Somincor mine in Portugal; Kokkola smelters in Finland; Odda zinc smelters in Norway; the Rönnskär smelter in Sweden; Harjavalta copper smelters in Finland; and the Bergsöe lead smelter in Sweden. It sells its metals primarily to industrial customers. The company was founded in 1924 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Boliden AB reported revenue of kr 93.5B in FY2025 versus kr 68.6B in FY2021, a compound +8.0%/yr. Reported net income was kr 9.4B in FY2025, compounding +2.0%/yr from FY2021.
of which total revenue +9.3 pp · buybacks/dilution −0.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
BOL screens 13% overvalued. Compare with BHP Group →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Boliden AB (BLIDF) Q2 2026 Earnings Call Highlights: Strong EBIT Growth Amid Operational Challenges
- Boliden Q2 2026: Continued favorable metal prices
- Nexa Resources (NEXA) Confirms Boliden Takeover Talks With Votorantim Involved
- Nexa Resources Statement Regarding Boliden's Announcement
Peer Group
Other Industrial Metals & Mining · 480 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHPN | 1,425 MXN | 745.46 MXN | -48% |
| Rio Tinto Group RIO | A$179.43 | A$81.76 | -54% |
| Grupo México, S.A. GMEXICOB | 222.38 MXN | 172.99 MXN | -22% |
| Vale S.A VALE | $14.89 | $8.95 | -40% |
| Saudi Arabian Mining Company 1211 | 58.05 SAR | 33.87 SAR | -42% |
| CMOC Group 603993 | ¥19.00 | ¥19.80 | +4% |
| China Tungsten And Hightech Materials Co 000657 | ¥70.43 | ¥9.55 | -86% |
| Hindustan Zinc Limited HINDZINC | ₹584.60 | ₹501.98 | -14% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | -74% |
| Western Mining Co 601168 | ¥38.36 | ¥25.99 | -32% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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