Nimbus Group AB (BOAT) AI Stock Analysis

• Market Cap: kr552.07M
• Dividend Yield: N/A
• Average Volume (3M): 6.11K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -17.48%
• EPS Growth: 20.08%
• Country: SE
• Employees: 403
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -1.72
• Shares Outstanding: 42,631,184
• 10 Day Avg. Volume: 4,447
• 30 Day Avg. Volume: 6,112
• 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 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
• EPS Forecast (FY): 3.86
• Revenue Forecast (FY): kr1.86B

• Rating: 46 Neutral
• Price Target: kr14.00 ▲(31.46% Upside)
• Action: Reiterated Date: 02/09/26
• Date: Action: Reiterated 02/09/26

The score is held down primarily by weakening fundamentals—declining revenue, losses, and sustained negative operating/free cash flow—despite a comparatively stable balance sheet. Technicals are mixed (short-term improvement but longer-term downtrend), and valuation is constrained by negative earnings with no dividend data to add support.

Positive Factors

Balance-sheet resilience

The company’s moderate leverage and sizeable equity base provide a durable financial cushion that supports liquidity and access to capital. This balance-sheet strength gives the firm runway to withstand cyclical troughs, fund restructuring or capex, and avoids immediate solvency pressure while rebuilding operating performance.

Negative Factors

Declining revenue and EPS

Sustained top-line contraction and steep EPS decline reduce scale advantages and squeeze gross and operating margins. Persisting revenue declines signal weakening end-market demand or lost share, making margin recovery harder and increasing the likelihood of structural repositioning or pricing pressure over the medium term.

Nimbus Group AB Business Overview & Revenue Model

Company Description

Nimbus Group AB (Publ) designs, manufactures, and markets recreational motorboats worldwide. The company provides the boats under the Nimbus, Alukin, Aquador, Bella, Falcon, Flipper, and Paragon Yachts brand names. It offers its products through a...

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Nimbus Group AB (Publ) designs, manufactures, and markets recreational motorboats worldwide. The company provides the boats under the Nimbus, Alukin, Aquador, Bella, Falcon, Flipper, and Paragon Yachts brand names. It offers its products through a...

How the Company Makes Money

Nimbus Group AB generates revenue through multiple streams, primarily from the sale of its boats and marine products. The company sells directly to consumers as well as through a network of dealers and distributors, allowing it to reach a broad ma...

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Nimbus Group AB generates revenue through multiple streams, primarily from the sale of its boats and marine products. The company sells directly to consumers as well as through a network of dealers and distributors, allowing it to reach a broad ma...

Nimbus Group AB Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.37B	1.62B	1.90B	1.75B	1.46B
Gross Profit	117.92M	214.70M	287.56M	336.23M	292.97M
EBITDA	-9.23M	-45.16M	145.08M	227.40M	190.71M
Net Income	-167.70M	-61.43M	45.05M	149.64M	133.01M
Balance Sheet
Total Assets	1.78B	2.40B	2.01B	1.57B	1.23B
Cash, Cash Equivalents and Short-Term Investments	32.52M	5.32M	8.14M	-189.35M	153.86M
Total Debt	292.68M	405.20M	315.04M	255.70M	118.94M
Total Liabilities	792.55M	1.24B	1.15B	822.20M	622.41M
Stockholders Equity	986.03M	1.16B	862.99M	748.53M	605.09M
Cash Flow
Free Cash Flow	-68.17M	-110.06M	-82.23M	-127.53M	97.16M
Operating Cash Flow	-58.53M	-67.86M	-20.70M	-61.68M	140.49M
Investing Cash Flow	-28.38M	-39.40M	-132.52M	-84.58M	-154.79M
Financing Cash Flow	110.84M	96.95M	171.46M	-8.65M	134.29M

Nimbus Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.65
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• 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 Negative. The current price of 10.65 is below the 20-day moving average (MA) of 12.92, below the 50-day MA of 12.95, and below the 200-day MA of 13.14, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 69.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:BOAT.

Nimbus Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RVRC	78 Outperform	kr7.15B	12.87	25.41%	2.02%	6.44%	0.49%
BORG	70 Outperform	kr1.78B	17.16	23.44%	4.95%	9.20%	11.72%
SODER	62 Neutral	kr160.29M	25.78	6.37%	3.38%	2.88%	-51.00%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOI.B	54 Neutral	kr6.41B	123.28	2.04%	6.24%	-2.98%	-30.48%
BOAT	46 Neutral	kr552.07M	-2.77	-11.15%	―	-17.48%	20.08%
PIERCE	46 Neutral	kr741.48M	35.47	-0.15%	―	15.59%	16.67%