Boliden AB (0YAL) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Boliden AB SEK 423, price SEK 519, upside -18.5%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
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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.
Stock analysis
Boliden AB (0YAL) currently trades at kr 518.60, while our model-based Fair Value estimate is kr 422.59, 18.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 484.93 per share, and 6 of the 25 models we run sit above the kr 518.60 price.
Bear case: the Asset-Based group reads lowest at kr 111.76, and 19 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 316.94 (bear) to kr 528.24 (bull), the price of kr 518.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Boliden AB reported revenue of 56.3B SEK in FY2020 versus 40.3B SEK in FY2016, a compound +8.7%/yr. Reported net income was 6.8B SEK in FY2020, compounding +12.6%/yr from FY2016.
Key figures
Market cap 663M SEK (≈ $66.0M) · P/E ratio 0.1 · EPS (TTM) kr 38.36 · Net margin 12.1% · Return on equity 16.8% · Return on assets (EBIT) 13.2% · Operating margin 12.4% · Revenue (TTM) 104B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −19%, 0YAL screens richer than that median.
Fair Value models
Bear kr 316.94Fair Value kr 422.59Bull kr 528.24
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
’16
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’18
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
14.1% (2016) → 15.9% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Other Industrial Metals & Mining · 439 stocks
Beats the industry median on 8/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−16.3% · Above median
Profitability
Return on equity (TTM)16.8% · Top 25%
Return on assets7.3% · Top 25%
Net margin (TTM)12.2% · Above median
Operating margin (TTM)12.4% · Above median
Growth and dividend
Revenue growth15.5% · Above median
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Boliden AB Fair Value". https://www.fairvalue-calculator.com/stock/0YAL
Frequently asked questions
Is Boliden AB (0YAL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 422.59 versus a price of kr 518.60, about −19% upside (overvalued).
What is the fair value of 0YAL?
Our model-based fair value for Boliden AB is kr 422.59 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 518.60.
What is the quality score of 0YAL?
Boliden AB has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Boliden AB (0YAL)?
Our model-based price target is the fair value of kr 422.59 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario kr 316.94, optimistic scenario kr 528.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Boliden AB stock forecast for 2026?
Our models put fair value at kr 422.59, about −19% upside versus a price of kr 518.60 (overvalued). Cautious scenario kr 316.94, optimistic scenario kr 528.24. The calculation is refreshed regularly with new filings.
What is the revenue of Boliden AB (0YAL)?
Boliden AB reported trailing-twelve-month revenue of about 104B SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Boliden AB (0YAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Boliden AB it is kr 422.59 per share (as of Sep 24, 2026), against a price of kr 518.60. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Boliden AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0YAL trades above its calculated fair value: price kr 518.60, fair value kr 422.59, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0YAL?
No. The price is what the market pays today (kr 518.60); the fair value is what the company's own numbers justify (kr 422.59). For Boliden AB the two are kr 96.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Boliden AB worth?
The market values Boliden AB at about 663M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 518.60; our models calculate a fair value of kr 422.59 per share.
What do the bullish and bearish scenarios say about 0YAL?
Our models span a range for Boliden AB: cautious scenario kr 316.94, base kr 422.59, optimistic kr 528.24 per share (as of Sep 24, 2026, price kr 518.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0YAL?
Boliden AB trades at a price-to-earnings ratio of 0.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 422.59 is built from several models across several years.
How solid is the balance sheet of Boliden AB (0YAL)?
Balance-sheet figures for Boliden AB (as of Sep 24, 2026): return on equity 16.8%, debt of 0.13 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 0YAL from its 52-week high?
Boliden AB trades at kr 518.60, about 28% below its 52-week high of kr 722.60 and 33% above the low of kr 388.47 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 422.59 is for.
Which stocks are comparable to Boliden AB?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Boliden AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 518.60, calculated fair value kr 422.59 (−19%), Quality Score 68/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0YAL calculated?
We run Boliden AB through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 422.59, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Boliden AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Boliden AB (0YAL)?
The closing price on Oct 2, 2026 was kr 518.60. Our model-based fair value is kr 422.59, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Boliden AB right now?
Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Boliden AB
How large is the market capitalisation of Boliden AB (0YAL)?
The market capitalisation of Boliden AB is 663M SEK (≈ $66.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Boliden AB (0YAL)?
Earnings per share at Boliden AB are kr 38.36 (price ÷ EPS = P/E 0.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Boliden AB (0YAL)?
The net margin of Boliden AB is 12.1% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Boliden AB (0YAL)?
The return on equity (ROE) of Boliden AB is 16.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Boliden AB (0YAL)?
On an EBIT basis the return on assets of Boliden AB is 13.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Boliden AB (0YAL)?
The operating margin of Boliden AB is 12.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Boliden AB (0YAL)?
Revenue at Boliden AB is growing +15.5% versus a year earlier (3y avg +4.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Boliden AB (0YAL)?
Earnings per share at Boliden AB are growing +287% versus a year earlier. How much earnings per share grew versus a year earlier.
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