Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Viscaria

Viscaria

Send subscription Close

Gruvaktiebolaget Viscaria is a Swedish mineral exploration company and its flagship project is re-opening the Viscaria copper mine in Kiruna in northern Sweden. The company is working on obtaining an environmental permit for the Viscaria mine, as well as making preparations for mining operations to commence. At full capacity, the plan is for Viscaria to produce 30,000 tonnes of copper per annum, making it Sweden's second-largest copper mine.

Sustainability information

Weaker demand for Cu in the global market. Protracted process of obtaining acceptance from the land- and environmental permit. Higher than expected costs.

Financials

SEKm 2024 2025e 2026e
Sales 0 0 30
Sales growth (%) N/A N/A N/A
EBITDA -40 -56 -53
EBITDA margin (%) N/A N/A -175,1
EBIT adj. -53 -115 -154
EBIT adj. margin (%) N/A N/A -510,5
Pretax profit -48 -167 -218
EPS -0,45 -0,92 -1,2
EPS growth (%) 33,7 N/A 31,1
EPS adj. -0,45 -0,92 -1,2
DPS 0 0 0
EV/EBITDA (x) -49,1 -46,6 -93,4
EV/EBIT adj. (x) -37,4 -22,6 -32
P/E (x) N/A N/A N/A
P/E adj. (x) N/A N/A N/A
EV/sales (x) N/A N/A 163,6
FCF yield (%) -20,8 -28,9 -64,1
Le. adj. FCF yld. (%) -20,8 -28,9 -64,1
Dividend yield (%) 0 0 0
Net IB debt/EBITDA (x) 5,2 18,7 -24,5
Le. adj. ND/EBITDA (x) 5,4 18,9 -24,3
SEKm 2024 2025e 2026e
Sales 0 0 30
COGS 0 0 0
Gross profit 0 0 30
Other operating items -40 -56 -83
EBITDA -40 -56 -53
Depreciation and amortisation -13 -60 -101
of which leasing depreciation 0 0 0
EBITA -53 -115 -154
EO Items 0 0 0
Impairment and PPA amortisation 0 0 0
EBIT -53 -115 -154
Net financial items 4 -51 -64
Pretax profit -48 -167 -218
Tax 0 0 0
Net profit -48 -167 -218
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders -48 -167 -218
EPS -0,45 -0,92 -1,2
EPS adj. -0,45 -0,92 -1,2
Total extraordinary items after tax 0 0 0
Leasing payments 0 0 0
Tax rate (%) -0,2 0 0
Gross margin (%) N/A N/A 100
EBITDA margin (%) N/A N/A -175,1
EBITA margin (%) N/A N/A -510,5
EBIT margin (%) N/A N/A -510,5
Pre-tax margin (%) N/A N/A -722
Net margin (%) N/A N/A -722
Growth Rates y-o-y N/A N/A N/A
Sales growth (%) N/A N/A N/A
EBITDA growth (%) -0,2 39,8 -5,2
EBITA growth (%) 22,4 119,9 33,8
EBIT growth (%) 22,4 N/A 33,8
Net profit growth (%) 60,5 245,1 31,1
EPS growth (%) 33,7 N/A 31,1
Profitability N/A N/A N/A
ROE (%) -3,4 -7,4 -7,7
ROE adj. (%) -3,4 -7,4 -7,7
ROCE (%) -3,1 -4,9 -4
ROCE adj. (%) -3,1 -4,9 -4
ROIC (%) -4,4 -7,1 -5,2
ROIC adj. (%) -4,4 -7,1 -5,2
Adj. earnings numbers N/A N/A N/A
EBITDA adj. -40 -56 -53
EBITDA adj. margin (%) N/A N/A -175,1
EBITDA lease adj. -40 -56 -53
EBITDA lease adj. margin (%) N/A N/A -175,1
EBITA adj. -53 -115 -154
EBITA adj. margin (%) N/A N/A -510,5
EBIT adj. -53 -115 -154
EBIT adj. margin (%) N/A N/A -510,5
Pretax profit Adj. -48 -167 -218
Net profit Adj. -48 -167 -218
Net profit to shareholders adj. -48 -167 -218
Net adj. margin (%) N/A N/A -722
SEKm 2024 2025e 2026e
EBITDA -40 -56 -53
Goodwill N/A N/A N/A
Net financial items 4 -51 -64
Other intangible assets 1284 1608 1928
Paid tax 0 0 0
Tangible fixed assets 225 719 2520
Non-cash items -1 0 0
Right-of-use asset 12 11 11
Cash flow before change in WC -37 -106 -117
Total other fixed assets 0 6 6
Change in working capital 43 -65 -4
Fixed assets 1521 2344 4465
Operating cash flow 6 -171 -121
Inventories 0 0 6
Capex tangible fixed assets -128 -554 -1902
Receivables 21 10 11
Capex intangible fixed assets -330 -331 -320
Other current assets 3 3 3
Acquisitions and Disposals 0 0 0
Cash and liquid assets 232 1190 647
Free cash flow -452 -1055 -2343
Total assets 1777 3546 5131
Dividend paid 0 0 0
Shareholders equity 1598 2931 2713
Share issues and buybacks 418 1500 0
Minority N/A N/A N/A
Leasing liability amortisation 0 0 0
Total equity 1598 2931 2713
Other non-cash items -64 393 0
Long-term debt 16 139 1939
Pension debt N/A N/A N/A
Convertible debt N/A N/A N/A
Leasing liability 7 10 10
Total other long-term liabilities 61 61 61
Short-term debt N/A N/A N/A
Accounts payable 45 39 42
Other current liabilities 51 367 367
Total liabilities and equity 1777 3546 5131
Net IB debt -210 -1048 1296
Net IB debt excl. pension debt -210 -1048 1296
Net IB debt excl. leasing -217 -1058 1286
Capital employed 1620 3080 4662
Capital invested 1388 1884 4009
Working capital -72 -393 -389
EV breakdown N/A N/A N/A
Market cap. diluted (m) 2173 3654 3654
Net IB debt adj. -210 -1048 1296
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 1963 2607 4950
Total assets turnover (%) 0 0 0,7
Working capital/sales (%) N/A N/A -1292
Financial risk and debt service N/A N/A N/A
Net debt/equity (%) -13,1 -35,7 47,8
Net debt / market cap (%) -9,7 -28,7 35,5
Equity ratio (%) 89,9 82,7 52,9
Net IB debt adj. / equity (%) -13,1 -35,7 47,8
Current ratio 2,67 2,97 1,63
EBITDA/net interest 9,3 1,1 0,8
Net IB debt/EBITDA (x) 5,2 18,7 -24,5
Net IB debt/EBITDA lease adj. (x) 5,4 18,9 -24,3
Interest coverage 13,6 2,3 2,4
SEKm 2024 2025e 2026e
Shares outstanding adj. 108 182 182
Diluted shares adj. 108 182 182
EPS -0,45 -0,92 -1,2
Dividend per share 0 0 0
EPS adj. -0,45 -0,92 -1,2
BVPS 14,78 16,12 14,92
BVPS adj. 2,91 7,28 4,32
Net IB debt/share -1,94 -5,76 7,13
Share price 20,1 20,1 20,1
Market cap. (m) 2173 3654 3654
Valuation N/A N/A N/A
P/E (x) N/A N/A N/A
EV/sales (x) N/A N/A 163,6
EV/EBITDA (x) -49,1 -46,6 -93,4
EV/EBITA (x) -37,4 -22,6 -32
EV/EBIT (x) -37,4 -22,6 -32
Dividend yield (%) 0 0 0
FCF yield (%) -20,8 -28,9 -64,1
Le. adj. FCF yld. (%) -20,8 -28,9 -64,1
P/BVPS (x) 1,36 1,25 1,35
P/BVPS adj. (x) 1,36 1,25 1,35
P/E adj. (x) N/A N/A N/A
EV/EBITDA adj. (x) -49,1 -46,6 -93,4
EV/EBITA adj. (x) -37,4 -22,6 -32
EV/EBIT adj. (x) -37,4 -22,6 -32
EV/CE (x) 1,2 0,8 1,1
Investment ratios N/A N/A N/A
Capex/sales (%) N/A N/A 7343,6
Capex/depreciation 36,6 14,8 21,9
Capex tangibles / tangible fixed assets 56,8 77 75,5
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intang / def. intang N/A N/A N/A
Depreciation on tangibles / tangibles 5,56 8,28 4,03

Equity research

Read earlier research

Media

Viscaria - Company presentation with President & CEO Jörgen Olsson
Copperstone Resources - Company presentation with Head of Business Development Michael Mattsson

View more media

Main shareholders - Viscaria

Main shareholders Share capital % Voting shares % Verified
Thomas von Koch 11.9 % 11.9 % 27 Mar 2025
Swedbank Robur Fonder 3.8 % 3.8 % 30 Apr 2025
Jan Ståhlberg 3.7 % 3.7 % 27 Mar 2025
Håkan Roos (RoosGruppen) 3.6 % 3.6 % 27 Mar 2025
JRS Asset Management AB Client Account 3.4 % 3.4 % 27 Mar 2025
Fjärde AP-fonden 3.4 % 3.4 % 27 Mar 2025
Joheco AB 3.3 % 3.3 % 15 Apr 2025
Avanza Pension 3.0 % 3.0 % 27 Mar 2025
Santhe Dahl 2.6 % 2.6 % 27 Mar 2025
Caps LTD 2.4 % 2.4 % 30 Sep 2024
Source: Holdings by Modular Finance AB