Nimbus Group AB (BOAT) AI Stock Analysis

• Market Cap: kr671.44M
• Dividend Yield: N/A
• Average Volume (3M): 7.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.61
• Revenue Growth: -18.61%
• EPS Growth: -290.93%
• Country: SE
• Employees: 403
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.91
• Shares Outstanding: 42,631,184
• 10 Day Avg. Volume: 6,971
• 30 Day Avg. Volume: 7,603
• PEG Ratio: 0.91
• Price to Book (P/B): 1.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• 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 Business Overview & Revenue Model

Company Description

Nimbus 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 Money

Nimbus 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.58B	1.62B	1.90B	1.75B	1.46B	927.35M
Gross Profit	209.12M	226.90M	287.56M	336.23M	292.97M	163.95M
EBITDA	17.88M	9.16M	145.08M	228.65M	172.30M	65.73M
Net Income	-92.95M	-61.43M	45.05M	149.64M	133.01M	76.72M
Balance Sheet
Total Assets	2.16B	2.40B	2.01B	1.57B	1.23B	691.96M
Cash, Cash Equivalents and Short-Term Investments	37.22M	5.32M	8.14M	-189.35M	153.86M	32.39M
Total Debt	196.46M	405.20M	315.04M	255.70M	118.94M	145.94M
Total Liabilities	1.05B	1.24B	1.15B	822.20M	622.41M	427.62M
Stockholders Equity	1.11B	1.16B	862.99M	748.53M	605.09M	264.34M
Cash Flow
Free Cash Flow	-147.09M	-110.06M	-82.23M	-127.53M	97.16M	175.53M
Operating Cash Flow	-105.35M	-67.86M	-20.70M	-61.68M	140.49M	205.90M
Investing Cash Flow	-38.54M	-39.40M	-132.52M	-84.58M	-154.79M	-38.64M
Financing Cash Flow	166.17M	96.95M	171.46M	-8.65M	134.29M	-145.11M

Nimbus Group AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 15.75
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BULTEN	70 Outperform	€1.26B	16.82	3.84%	43.83%	-3.35%	-21.87%
SODER	69 Neutral	kr265.75M	32.41	9.16%	2.54%	8.28%	-5.74%
NELLY	67 Neutral	kr1.31B	12.90	45.93%	―	6.78%	217.60%
Sector *	62 Neutral	$16.90B	11.24	-7.48%	2.95%	1.60%	-23.76%
PIERCE	60 Neutral	kr684.20M	19.05	-3.61%	―	8.07%	61.01%
DURC.B	52 Neutral	kr651.30M	50.11	1.18%	1.80%	-1.13%	―
BOAT	50 Neutral	kr671.44M	―	-9.23%	―	-18.61%	-290.93%