Nimbus Group AB (SE:BOAT)
:BOAT
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Nimbus Group AB
(BOAT)
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Rating:47Neutral
Price Target:
kr13.50
▲(26.76% Upside)
Action:Reiterated
Date:06/06/26
The score is held down primarily by weak financial performance (TTM losses, margin pressure, and revenue contraction), with only partial offsets from moderate leverage and a recent improvement to positive but volatile cash flow. Technically, the stock sits above major moving averages, but negative MACD and sub-neutral RSI/Stoch suggest limited momentum. Valuation provides little support given the loss-driven negative P/E and no stated dividend yield.
Positive Factors
Manageable Leverage
Low reported leverage (~0.30x debt/equity) gives Nimbus structural financial flexibility in a cyclical leisure-boat industry. With modest debt, the company can better absorb demand swings, fund selective capex or working-capital needs, and avoid forced asset sales during downturns.
Negative Factors
Persistent Losses
Sustained net losses and negative operating profit undermine return on capital and can erode equity over time. Continued unprofitability hampers reinvestment, limits ability to restore margins, and increases reliance on cash reserves or financing to cover structural costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Low reported leverage (~0.30x debt/equity) gives Nimbus structural financial flexibility in a cyclical leisure-boat industry. With modest debt, the company can better absorb demand swings, fund selective capex or working-capital needs, and avoid forced asset sales during downturns.
Read all positive factors
Nimbus Group AB (BOAT) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr552.07M
Dividend YieldN/A
Average Volume (3M)6.11K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-15.93%
EPS Growth4.70%
CountrySE
Employees403
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Recreational Vehicles
Share Statistics
EPS (TTM)-3.30
Shares Outstanding42,631,184
10 Day Avg. Volume4,447
30 Day Avg. Volume6,112
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.47
Price to Sales (P/S)0.34
P/FCF Ratio-6.81
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
EPS Forecast (FY)3.86
Revenue Forecast (FY)kr1.86B
Nimbus Group AB Business Overview & Revenue Model
Company Description
Nimbus Group AB (Publ) is a global entity dedicated to the development, production, and distribution of leisure motorboats. The company's diverse range of watercraft is marketed under several distinct brands, including Nimbus, Alukin, Aquador, Bel...
How the Company Makes Money
Nimbus Group makes money primarily by selling recreational boats and by earning revenue from aftermarket marine products. The core revenue stream is the sale of new boats (powerboats) across its brand portfolio, typically sold through a mix of dea...
Nimbus Group AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.32B | 1.37B | 1.62B | 1.90B | 1.75B | 1.46B |
| Gross Profit | 94.45M | 117.92M | 214.70M | 287.56M | 336.23M | 292.97M |
| EBITDA | -19.39M | -9.23M | -45.16M | 145.08M | 227.40M | 190.71M |
| Net Income | -140.53M | -167.70M | -61.43M | 45.05M | 149.64M | 133.01M |
Balance Sheet | ||||||
| Total Assets | 1.85B | 1.78B | 2.40B | 2.01B | 1.57B | 1.23B |
| Cash, Cash Equivalents and Short-Term Investments | 33.63M | 32.52M | 5.32M | 8.14M | -189.35M | 153.86M |
| Total Debt | 208.48M | 292.68M | 405.20M | 315.04M | 255.70M | 118.94M |
| Total Liabilities | 874.57M | 792.55M | 1.24B | 1.15B | 822.20M | 622.41M |
| Stockholders Equity | 980.13M | 986.03M | 1.16B | 862.99M | 748.53M | 605.09M |
Cash Flow | ||||||
| Free Cash Flow | 14.54M | -68.17M | -110.06M | -82.23M | -127.53M | 97.16M |
| Operating Cash Flow | 39.45M | -58.53M | -67.86M | -20.70M | -61.68M | 140.49M |
| Investing Cash Flow | -28.63M | -28.38M | -39.40M | -132.52M | -84.58M | -154.79M |
| Financing Cash Flow | -17.49M | 110.84M | 96.95M | 171.46M | -8.65M | 134.29M |
Nimbus Group AB Technical Analysis
Positive
10.65
Price Trends
12.83
Positive
12.85
Positive
12.60
Positive
Market Momentum
0.07
Negative
54.60
Neutral
34.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BOAT, the sentiment is Positive. The current price of 10.65 is below the 20-day moving average (MA) of 12.33, below the 50-day MA of 12.83, and below the 200-day MA of 12.60, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 54.60 is Neutral, neither overbought nor oversold. The STOCH value of 34.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BOAT.
Nimbus Group AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr6.59B | 19.72 | 25.41% | 2.02% | 4.31% | 15.92% | |
71 Outperform | kr1.59B | 17.22 | 23.44% | 4.95% | 5.09% | 6.45% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | kr717.49M | 26.93 | -0.15% | ― | 9.68% | ― | |
56 Neutral | kr128.57M | 18.49 | 6.37% | 3.38% | 1.85% | -14.77% | |
55 Neutral | kr5.76B | 53.02 | 2.04% | 6.24% | -0.94% | 14.56% | |
47 Neutral | kr552.07M | -3.90 | -11.15% | ― | -15.93% | 4.70% |
* Consumer Cyclical Sector Average
SE:BOAT
Nimbus Group AB
13.00
-2.70
-17.20%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.