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Boliden (BDNNY)
OTHER OTC:BDNNY
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Boliden
(OTC:BDNNY)
74Outperform
Boliden (BDNNY) vs. S&P 500 (SPY)
Market Cap
$9.81B
Dividend Yield1.25%
Average Volume (3M)6.25K
Price to Earnings (P/E)10.5
Beta (1Y)0.80
Revenue Growth13.87%
EPS Growth64.60%
CountryUS
Employees6,153
SectorBasic Materials
Sector Strength62
IndustryMining
Share Statistics
EPS (TTM)6.90
Shares Outstanding136,755,500
10 Day Avg. Volume5,286
30 Day Avg. Volume6,248
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)N/A
Price to Sales (P/S)1.25
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Boliden Business Overview & Revenue Model
Company DescriptionBoliden (BDNNY) is a Swedish mining and smelting company that operates within the metals industry. The company is involved in the exploration, mining, smelting, and recycling of base and precious metals, such as zinc, copper, lead, gold, and silver. Boliden's operations are divided into two main segments: Mines and Smelters. The Mines segment focuses on extracting raw materials from its various mining sites, while the Smelters segment focuses on refining and processing these materials to produce high-quality metals for industrial use.
How the Company Makes MoneyBoliden makes money through the extraction, processing, and sale of metals. The primary revenue streams include the sale of mined products from its Mines segment and the refined metals from its Smelters segment. The company benefits from vertical integration, allowing it to manage the entire value chain from mining to marketable metal production. Additionally, Boliden engages in metal recycling, which contributes to its revenue by providing an alternative source of raw materials. Market prices for metals and the demand from industrial sectors are significant factors influencing Boliden's earnings. The company's strategic partnerships and investments in technology and sustainable practices also play a role in enhancing its profitability and operational efficiency.
Boliden Financial Statement Overview
Summary
Boliden exhibits strong revenue growth and profitability with a robust balance sheet. However, increasing liabilities and negative free cash flow warrant caution. Effective cost management and profitability are evident, but cash flow challenges suggest a need for improved cash management.Income Statement
Boliden's income statement shows strong performance with a consistent increase in total revenue over the years, peaking at 89.2 billion in 2024. The gross profit margin for 2024 is approximately 14.46%, and the net profit margin is 11.23%, indicating effective cost management and profitability. Revenue growth has been notable, with a 13.57% increase from 2023 to 2024. EBIT and EBITDA margins also reflect healthy profitability, at 15.35% and 17.46% for 2024 respectively. However, the slight decrease in gross profit margin from previous years suggests rising costs or pricing challenges.82
Very Positive
Balance Sheet
The balance sheet demonstrates a solid financial structure with stockholders' equity growing to 64.99 billion in 2024. The debt-to-equity ratio in 2024 is approximately 0.25, indicating conservative leverage and financial stability. Return on equity (ROE) is robust at 15.42%, reflecting efficient use of equity capital. However, the equity ratio of 55.94% suggests a moderate reliance on equity financing, which is typical for the mining industry. The increase in total liabilities indicates potential risk if not managed properly.78
Positive
Cash Flow
Boliden's cash flow statement reveals challenges with free cash flow, which is negative in 2024 at -495 million. The operating cash flow to net income ratio is 0.27, indicating less cash generation compared to net income, signaling potential cash flow issues. The free cash flow to net income ratio is negative, suggesting capital expenditure pressures. Despite these challenges, operating cash flow remains positive, which supports ongoing operations.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 89.21B | 78.55B | 86.44B | 68.64B | 56.32B | Gross Profit |
| 12.90B | 10.74B | 18.15B | 12.93B | 10.80B | EBIT |
| 13.69B | 8.29B | 15.89B | 11.08B | 8.94B | EBITDA |
| 15.58B | 14.57B | 21.75B | 16.57B | 14.59B | Net Income Common Stockholders |
| 10.02B | 6.07B | 12.41B | 8.70B | 6.80B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.05B | 4.98B | 12.16B | 8.25B | 5.06B | Total Assets |
| 116.19B | 101.96B | 96.38B | 80.55B | 72.49B | Total Debt |
| 16.51B | 14.58B | 11.19B | 6.16B | 6.15B | Net Debt |
| 9.46B | 9.60B | -967.00M | -2.09B | 1.09B | Total Liabilities |
| 51.18B | 45.54B | 38.05B | 29.67B | 26.85B | Stockholders Equity |
| 64.99B | 56.40B | 58.31B | 50.87B | 45.63B |
| Cash Flow | Free Cash Flow | |||
| -495.00M | -3.35B | 6.37B | 7.16B | 4.96B | Operating Cash Flow |
| 2.73B | 12.18B | 16.40B | 13.14B | 11.26B | Investing Cash Flow |
| -3.23B | -15.54B | -10.07B | -6.00B | -6.30B | Financing Cash Flow |
| -3.08B | -3.83B | -2.42B | -3.96B | -1.27B |
Boliden Technical Analysis
Positive
71.68
Price Trends
65.02
Positive
62.69
Positive
62.76
Positive
Market Momentum
2.15
Positive
55.30
Neutral
60.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDNNY, the sentiment is Positive. The current price of 71.68 is above the 20-day moving average (MA) of 71.64, above the 50-day MA of 65.02, and above the 200-day MA of 62.76, indicating a bullish trend. The MACD of 2.15 indicates Positive momentum. The RSI at 55.30 is Neutral, neither overbought nor oversold. The STOCH value of 60.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BDNNY.
Boliden Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $126.53B | 11.07 | 26.13% | 5.80% | -3.15% | 54.08% | |
74 Outperform | $104.97B | 8.74 | 20.93% | 6.98% | -0.81% | 14.59% | |
74 Outperform | $9.81B | 10.47 | 16.44% | 1.25% | 13.87% | 64.60% | |
72 Outperform | $70.75B | 20.59 | 40.71% | 2.23% | 15.54% | 39.64% | |
71 Outperform | $49.58B | 28.35 | 10.92% | 1.74% | 10.71% | 1.94% | |
66 Neutral | $47.75B | 15.35 | 11.13% | 2.30% | 58.27% | ― | |
47 Neutral | $2.64B | -3.85 | -29.39% | 3.32% | 2.72% | -29.67% |
* Basic Materials Sector Average
Performance Comparison
BDNNY
Boliden
70.46
15.10
27.28%
BHP
BHP Group
48.36
-5.88
-10.84%
FCX
Freeport-McMoRan
36.78
-6.08
-14.19%
NEM
Newmont Mining
43.63
10.03
29.85%
RIO
Rio Tinto
60.78
1.53
2.58%
SCCO
Southern Copper
90.34
-1.38
-1.50%
Boliden Earnings Call Summary
Earnings Call Date: Feb 6, 2025 | % Change Since: 17.03% | Next Earnings Date: Apr 23, 2025
Earnings Call Sentiment Neutral
The earnings call presented a strong financial performance with significant achievements in production, project completion, and ESG goals. However, the suspension of dividends, operational challenges in Aitik, and impacts from strikes in Finland present notable challenges. Overall, the company shows resilience and strategic progress, but with areas of concern that need addressing.Highlights
Strong Profit and Cash Flow
Boliden reported a profit of 3.8 billion Swedish Krona, including a one-off insurance claim of 935 million Krona. The free cash flow was strong, at over 4 billion Swedish Krona.
Successful Project Completions
The dam project in Aitik was completed on time and on budget, with a total investment of 5 billion Swedish Krona. The Kristineberg expansion is moving ahead, and the Rönnskär tankhouse project is on track.
Record Production in Smelters
Harjavalta achieved record production during the quarter, and the overall smelter operations had a strong performance.
ESG Achievements
Boliden reduced its greenhouse gas emissions and improved its lost time injury frequency rate to 2.3.
Positive Market Developments
Zinc prices increased, and a strong gold price benefited the company.
Exploration Success
Significant exploration progress in Garpenberg with a large increase in mineral resources.
Lowlights
Dividend Suspension
The company decided to cancel the dividend for the year to partially finance the acquisition of Lundin mines.
Operational Challenges in Aitik
Aitik faced operational headwinds, resulting in a throughput of 10 million tons, which is over 10% less than expected.
Impact of Finnish Strikes
Strikes in Finland affected operations, with an estimated negative impact of 100 million Swedish Krona.
Lower Nickel and Lead Prices
The market experienced lower nickel and lead prices, which could affect future performance.
High Operating Costs
The quarter saw increased costs due to higher personnel expenses, M&A costs, and mining taxes.
Company Guidance
In their Q4 2024 results presentation, Boliden reported a profit of 3.8 billion Swedish Krona, bolstered by a one-off insurance claim of 935 million Krona. The company highlighted a strong free cash flow exceeding 4 billion, despite a CapEx of 4.5 billion for the quarter and 15 billion for the year, slightly under the guidance due to timing effects. Key operational achievements included record production levels at the Harjavalta smelter and the successful completion of a 5 billion Krona dam project at Aitik. The company announced the acquisition of Lundin mines in Neves-Corvo and Zinkgruvan and a recommended dividend cancellation to finance this acquisition. Boliden also achieved lower greenhouse gas emissions, a lost time injury frequency of 2.3, and noted strong performances from its smelters, especially in Finland. Market conditions showed increased zinc prices and stable copper prices, with strong gold prices positively impacting the company, despite lower nickel and lead prices. The company remains optimistic about the demand for metals like copper and zinc, essential for energy transitions, while cautiously navigating the nickel market. Boliden's exploration efforts have shown promising results, particularly in Garpenberg, and the company is working on expanding its permit for increased production. Looking forward, Boliden plans a CapEx of 14 billion for 2025 and aims to maintain a balanced approach to its mining and smelting operations.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.