Boliden (BDNNY) AI Stock Analysis

• Market Cap: $12.18B
• Dividend Yield: N/A
• Average Volume (3M): 683.00
• Price to Earnings (P/E): 15.2
• Beta (1Y): 0.92
• Revenue Growth: 12.59%
• EPS Growth: -6.08%
• Country: US
• Employees: 7,500
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 1.72
• Shares Outstanding: 136,755,500
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 683
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 0.15
• Enterprise Value/Gross Profit: 1.03
• Enterprise Value/Ebitda: 0.70
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: $99.00 ▲(11.44% Upside)

Boliden's overall stock score is driven by strong technical momentum and a stable financial position. The company's successful integration of new assets and ongoing major projects contribute positively. However, challenges in revenue growth and market conditions, such as declining zinc prices and currency impacts, temper the outlook.

Boliden Business Overview & Revenue Model

Company Description

Boliden AB is a Swedish mining and smelting company that specializes in the production of base metals, primarily copper, zinc, lead, gold, and silver. The company operates in two main business segments: Mining and Smelting. Boliden's mining operations are focused on extracting and processing metal ores from its mines located in Sweden, Finland, and Ireland. Its smelting segment further processes these raw materials to produce high-quality metal products that are sold to various industries worldwide, including construction, automotive, and electronics.

How the Company Makes Money

Boliden generates revenue primarily through the sale of its metal products, including copper, zinc, lead, gold, and silver. The company has a diversified revenue model that includes both mining and smelting operations. In the mining segment, Boliden earns money by extracting and selling ore concentrates, while in the smelting segment, it produces refined metals and by-products from the processing of these concentrates. Key revenue streams include contracts with large industrial customers, spot market sales, and long-term supply agreements. Additionally, Boliden benefits from partnerships with other mining companies and strategic alliances that enhance its operational efficiency and market reach. The company is also influenced by global metal prices, which can significantly impact its overall earnings.

Boliden Financial Statement Overview

Summary

Boliden demonstrates a stable financial position with strengths in profitability and capital structure. However, the recent decline in revenue growth and pressure on margins are areas of concern. The company shows potential for cash flow improvement, but needs to address revenue growth challenges to enhance its financial performance.

Income Statement

Boliden's income statement shows a mixed performance. The company has experienced a significant decline in revenue growth rate in the TTM period, which is a concern. However, the company maintains decent profitability with a net profit margin of 8.80% and an EBIT margin of 12.67%. The gross profit margin has slightly decreased over time, indicating some pressure on cost management.

Balance Sheet

The balance sheet is relatively strong, with a manageable debt-to-equity ratio of 0.39 in the TTM period, indicating moderate leverage. The return on equity is healthy at 12.10%, reflecting effective use of equity to generate profits. The equity ratio is stable, suggesting a solid capital structure.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow growth, which increased by 71.40% in the TTM period. The operating cash flow to net income ratio is 0.73, indicating reasonable cash generation relative to net income. However, the free cash flow to net income ratio is relatively low at 0.21, suggesting limited free cash flow relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.39B	89.21B	78.55B	86.44B	68.64B	56.32B
Gross Profit	13.05B	12.90B	10.74B	18.15B	12.93B	10.80B
EBITDA	19.25B	20.58B	14.57B	22.07B	16.27B	14.62B
Net Income	8.04B	10.02B	6.07B	12.41B	8.70B	6.80B
Balance Sheet
Total Assets	136.21B	116.19B	101.96B	96.38B	80.55B	72.49B
Cash, Cash Equivalents and Short-Term Investments	7.60B	7.05B	4.98B	12.16B	8.25B	5.06B
Total Debt	27.38B	16.51B	14.58B	11.19B	6.16B	6.15B
Total Liabilities	65.59B	51.18B	45.54B	38.05B	29.67B	26.85B
Stockholders Equity	70.59B	64.99B	56.40B	58.31B	50.87B	45.63B
Cash Flow
Free Cash Flow	3.94B	2.67B	-3.35B	6.37B	7.16B	4.96B
Operating Cash Flow	18.82B	17.66B	12.18B	16.40B	13.14B	11.26B
Investing Cash Flow	-29.27B	-15.00B	-15.54B	-10.07B	-6.00B	-6.30B
Financing Cash Flow	11.00B	-590.00M	-3.83B	-2.42B	-3.96B	-1.27B

Boliden Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 88.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDNNY, the sentiment is Neutral. The current price of 88.84 is above the 20-day moving average (MA) of 88.60, above the 50-day MA of 80.26, and above the 200-day MA of 68.63, indicating a neutral trend. The MACD of 2.61 indicates Positive momentum. The RSI at 49.35 is Neutral, neither overbought nor oversold. The STOCH value of 27.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BDNNY.

Boliden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RIO	80 Outperform	$117.16B	10.69	18.18%	5.49%	-0.44%	-4.20%
VALE	77 Outperform	$51.11B	9.42	13.65%	6.71%	-8.49%	-41.69%
BHP	77 Outperform	$139.69B	15.34	19.51%	3.99%	-7.86%	14.17%
BDNNY	75 Outperform	$12.18B	15.24	11.34%	―	12.59%	-6.08%
MTRN	66 Neutral	$2.31B	121.65	2.08%	0.42%	3.93%	-73.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MP	51 Neutral	$9.72B	―	-9.57%	―	39.42%	-172.40%

Boliden Corporate Events

Boliden AB Reports Strong Q3 2025 Performance

Boliden AB Unsponsored ADR is a mining and smelting company primarily operating in the metals and mining sector, known for its focus on base and precious metals production, including zinc, copper, and gold. In the third quarter of 2025, Boliden reported strong cash flow and solid mine production despite ongoing major investments. The company achieved an operating profit of SEK 2,752 million, with a free cash flow of SEK 2,284 million, reflecting favorable working capital development. Record mine production was noted in Aitik, and milled volume in Garpenberg reached new heights, although the copper grade at Aitik hit an all-time low. Despite a weaker USD, prices and terms were stronger, contributing positively to the results. Boliden’s key projects, including the Odda expansion, progressed well, with the imminent ramp-up marking a significant milestone. Looking forward, Boliden maintains its 2025 guidance, focusing on optimizing the remaining months of the year, with an emphasis on factors within its control.