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Nimbus Group AB (SE:BOAT)
:BOAT

Nimbus Group AB (BOAT) AI Stock Analysis

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SE

Nimbus Group AB

(Frankfurt:BOAT)

Rating:50Neutral
Price Target:
kr16.50
▲(4.76%Upside)
The overall stock score is primarily driven by significant financial challenges, including declining profitability and liquidity issues. While technical analysis shows moderate positive momentum, the negative P/E ratio and lack of dividend yield weigh heavily on valuation.

Nimbus Group AB (BOAT) vs. iShares MSCI Sweden ETF (EWD)

Nimbus Group AB Business Overview & Revenue Model

Company DescriptionNimbus Group AB (BOAT) is a renowned Swedish company specializing in the design, manufacture, and sale of leisure and recreational boats. The company operates within the marine industry, offering a diverse range of high-quality boats under several well-known brands, including Nimbus, Paragon, Alukin, and Bella. Nimbus Group is committed to innovation, quality craftsmanship, and enhancing the boating experience for enthusiasts worldwide.
How the Company Makes MoneyNimbus Group AB generates revenue primarily through the sale of its boats, which are marketed to both individual consumers and professional users across various geographical regions. The company's key revenue streams include direct sales through dealerships and distributors, which form a global network facilitating access to different markets. Additionally, Nimbus Group may engage in strategic partnerships and collaborations with other marine industry players, enhancing its product offerings and market reach. Revenue is further supported by after-sales services, including maintenance and repair services, as well as the sale of spare parts and accessories.

Nimbus Group AB Financial Statement Overview

Summary
Overall financial performance is weak, with declining revenues and profitability, leverage risks on the balance sheet, and negative cash flows indicating liquidity issues. Improvement in operational efficiency and cash flow management is needed.
Income Statement
45
Neutral
The income statement shows significant challenges, with negative EBIT and net income in the TTM period. Gross profit margin has declined from previous years, and revenue has decreased, indicating a negative growth trend. The company needs to improve its operational efficiency and return to profitability to enhance its income statement performance.
Balance Sheet
55
Neutral
The balance sheet reflects a relatively high debt-to-equity ratio but a solid equity base. However, recent increases in total liabilities and declining equity ratio reveal potential leverage risks. The company must manage its debt levels carefully to maintain financial stability.
Cash Flow
40
Negative
Cash flow metrics indicate significant negative free cash flow and operating cash flow, suggesting liquidity issues. The declining free cash flow growth rate is concerning, and the company must focus on improving cash generation from operations to sustain its financial health.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.58B1.62B1.90B1.75B1.46B927.35M
Gross Profit209.12M226.90M287.56M336.23M292.97M163.95M
EBITDA17.88M9.16M145.08M228.65M172.30M65.73M
Net Income-92.95M-61.43M45.05M149.64M133.01M76.72M
Balance Sheet
Total Assets2.16B2.40B2.01B1.57B1.23B691.96M
Cash, Cash Equivalents and Short-Term Investments37.22M5.32M8.14M-189.35M153.86M32.39M
Total Debt196.46M405.20M315.04M255.70M118.94M145.94M
Total Liabilities1.05B1.24B1.15B822.20M622.41M427.62M
Stockholders Equity1.11B1.16B862.99M748.53M605.09M264.34M
Cash Flow
Free Cash Flow-147.09M-110.06M-82.23M-127.53M97.16M175.53M
Operating Cash Flow-105.35M-67.86M-20.70M-61.68M140.49M205.90M
Investing Cash Flow-38.54M-39.40M-132.52M-84.58M-154.79M-38.64M
Financing Cash Flow166.17M96.95M171.46M-8.65M134.29M-145.11M

Nimbus Group AB Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price15.75
Price Trends
50DMA
15.33
Positive
100DMA
15.93
Negative
200DMA
16.73
Negative
Market Momentum
MACD
0.13
Positive
RSI
51.40
Neutral
STOCH
57.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BOAT, the sentiment is Neutral. The current price of 15.75 is below the 20-day moving average (MA) of 15.84, above the 50-day MA of 15.33, and below the 200-day MA of 16.73, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 51.40 is Neutral, neither overbought nor oversold. The STOCH value of 57.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BOAT.

Nimbus Group AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
€1.26B16.823.84%43.83%-3.35%-21.87%
69
Neutral
kr265.75M32.419.16%2.54%8.28%-5.74%
67
Neutral
kr1.31B12.9045.93%6.78%217.60%
62
Neutral
$16.90B11.24-7.48%2.95%1.60%-23.76%
60
Neutral
kr684.20M19.05-3.61%8.07%61.01%
52
Neutral
kr651.30M50.111.18%1.80%-1.13%
50
Neutral
kr671.44M-9.23%-18.61%-290.93%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:BOAT
Nimbus Group AB
15.75
-8.75
-35.71%
SE:BULTEN
Bulten AB
60.10
-21.88
-26.69%
SE:DURC.B
Duroc AB Class B
16.70
-0.78
-4.45%
SE:NELLY
Nelly Group AB
43.70
25.64
141.96%
SE:PIERCE
Pierce Group AB
8.62
-0.84
-8.88%
SE:SODER
Soder Sportfiske AB
32.40
10.69
49.24%
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.Date of analysis: Jul 03, 2025