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- Boliden
Boliden Valuation Multiples
Discover revenue and EBITDA valuation multiples for Boliden and similar public comparables like Albemarle, POSCO Holdings, Nippon Steel, Cerro Verde and more.
Boliden Overview
About Boliden
Boliden AB operates Mines and smelters in Sweden, Norway, Finland, and Ireland. The company processes zinc, copper, gold, silver and other metals and is engaged in exploration, mining, smelting, and metals recycling. The company has two operating segments: the business area smelters and the business area mines. The business area mines division comprises mining areas: Aitik, the Boliden Area, and Garpenberg in Sweden; Kevitsa in Finland; and the Tara mine in Ireland. It includes both underground mines and open-pit mines. The company generates maximum revenue from the Business area Smelters segment.
Founded
1924
HQ

Employees
5.8K
Website
Sectors
Financials (LTM)
EV
$23B
Boliden Financials
Boliden reported last 12-month revenue of $11B and EBITDA of $3B.
In the same LTM period, Boliden generated $2B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Boliden P&L
In the most recent fiscal year, Boliden reported revenue of $11B and EBITDA of $2B.
Boliden expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $11B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 20% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Boliden Stock Performance
Boliden has current market cap of $21B, and enterprise value of $23B.
Market Cap Evolution
Boliden's stock price is $73.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $21B | 0.0% | XXX | XXX | XXX | $3.73 |
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Start Free TrialBoliden Valuation Multiples
Boliden trades at 2.1x EV/Revenue multiple, and 8.7x EV/EBITDA.
EV / Revenue (LTM)
Boliden Financial Valuation Multiples
As of March 24, 2026, Boliden has market cap of $21B and EV of $23B.
Equity research analysts estimate Boliden's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Boliden has a P/E ratio of 17.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.7x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 14.0x | XXX | 15.4x | XXX | XXX | XXX |
| EV/Gross Profit | 10.2x | XXX | 13.3x | XXX | XXX | XXX |
| P/E | 17.8x | XXX | 19.8x | XXX | XXX | XXX |
| EV/FCF | (79.3x) | XXX | 40.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Boliden Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Boliden Margins & Growth Rates
Boliden's revenue in the last 12 month grew by 16%.
Boliden's revenue per employee in the last FY averaged $1.9M.
Boliden's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Boliden's rule of X is 63% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Boliden Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 31% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 39% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 63% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.9M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Boliden Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Albemarle | XXX | XXX | XXX | XXX | XXX | XXX |
| POSCO Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Nippon Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| Cerro Verde | XXX | XXX | XXX | XXX | XXX | XXX |
| Sociedad QuÃmica y Minera | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Boliden M&A Activity
Boliden acquired XXX companies to date.
Last acquisition by Boliden was on XXXXXXXX, XXXXX. Boliden acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Boliden
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialBoliden Investment Activity
Boliden invested in XXX companies to date.
Boliden made its latest investment on XXXXXXXX, XXXXX. Boliden invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Boliden
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Boliden
| When was Boliden founded? | Boliden was founded in 1924. |
| Where is Boliden headquartered? | Boliden is headquartered in Sweden. |
| How many employees does Boliden have? | As of today, Boliden has over 5K employees. |
| Who is the CEO of Boliden? | Boliden's CEO is Mikael Staffas. |
| Is Boliden publicly listed? | Yes, Boliden is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of Boliden? | Boliden trades under BOL ticker. |
| When did Boliden go public? | Boliden went public in 2000. |
| Who are competitors of Boliden? | Boliden main competitors are Albemarle, POSCO Holdings, Nippon Steel, Cerro Verde. |
| What is the current market cap of Boliden? | Boliden's current market cap is $21B. |
| What is the current revenue of Boliden? | Boliden's last 12 months revenue is $11B. |
| What is the current revenue growth of Boliden? | Boliden revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Boliden? | Current revenue multiple of Boliden is 2.1x. |
| Is Boliden profitable? | Yes, Boliden is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Boliden? | Boliden's last 12 months EBITDA is $3B. |
| What is Boliden's EBITDA margin? | Boliden's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Boliden? | Current EBITDA multiple of Boliden is 8.7x. |
| What is the current FCF of Boliden? | Boliden's last 12 months FCF is ($284M). |
| What is Boliden's FCF margin? | Boliden's last 12 months FCF margin is (3%). |
| What is the current EV/FCF multiple of Boliden? | Current FCF multiple of Boliden is (79.3x). |
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