NIBE Industrier AB (SE:NIBE.B)
:NIBE.B
Want to see SE:NIBE.B full AI Analyst Report?
Top Page
NIBE Industrier AB
(NIBE.B)
Select Model
Select Model
Rating:45Neutral
Price Target:
kr40.00
â–¼(-3.85% Downside)
Action:ReiteratedDate:02/26/26
The score is held back primarily by weak and volatile cash generation (including zero free cash flow in 2025) and two years of revenue decline. Technicals add pressure with the stock trading below all major moving averages, while valuation remains high (P/E 35.74) with a modest dividend yield, limiting downside protection.
Positive Factors
Diversified business model
NIBE's exposure across climate solutions, element components, and stoves provides multiple revenue streams and end-market diversification. This reduces single-market dependency, smooths cyclicality across segments, and supports resilience over a 2–6 month horizon.
Negative Factors
Multi-year revenue decline
Two straight years of revenue contraction point to demand weakness, pricing pressure, or lost share. Sustained top-line declines erode operating leverage, limit reinvestment capacity, and make margin improvements harder to sustain absent a clear recovery catalyst.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
NIBE's exposure across climate solutions, element components, and stoves provides multiple revenue streams and end-market diversification. This reduces single-market dependency, smooths cyclicality across segments, and supports resilience over a 2–6 month horizon.
Read all positive factors
NIBE Industrier AB (NIBE.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr83.30B
Dividend Yield0.86%
Average Volume (3M)6.31M
Price to Earnings (P/E)31.5
Beta (1Y)1.39
Revenue Growth0.79%
EPS Growth94.12%
CountrySE
Employees19,597
SectorGeneral
Sector StrengthN/A
IndustryConstruction
Share Statistics
EPS (TTM)0.39
Shares Outstanding1,782,936,200
10 Day Avg. Volume5,483,716
30 Day Avg. Volume6,309,914
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)2.37
Price to Sales (P/S)1.76
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr50.00Price Target Upside20.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.64
Revenue Forecast (FY)kr42.40B
NIBE Industrier AB Business Overview & Revenue Model
Company Description
NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countri...
How the Company Makes Money
NIBE makes money by selling products and solutions across its three business areas, generating revenue primarily from product sales to installers, distributors, retailers, builders, and OEM/industrial customers.
1) NIBE Climate Solutions (major r...
NIBE Industrier AB Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.84B | 40.52B | 46.65B | 40.07B | 30.83B |
| Gross Profit | 12.87B | 10.97B | 15.62B | 12.61B | 10.20B |
| EBITDA | 5.80B | 5.04B | 9.01B | 7.45B | 5.83B |
| Net Income | 2.28B | 1.17B | 4.79B | 4.35B | 3.32B |
Balance Sheet | |||||
| Total Assets | 65.06B | 70.41B | 68.10B | 53.99B | 43.39B |
| Cash, Cash Equivalents and Short-Term Investments | 5.46B | 5.61B | 4.28B | 4.82B | 4.75B |
| Total Debt | 21.83B | 24.34B | 22.47B | 11.14B | 9.78B |
| Total Liabilities | 34.77B | 38.27B | 37.90B | 26.02B | 21.74B |
| Stockholders Equity | 30.25B | 32.09B | 30.16B | 27.93B | 21.44B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 1.83B | 110.00M | 373.00M | 1.94B |
| Operating Cash Flow | 4.89B | 4.01B | 3.83B | 2.61B | 3.26B |
| Investing Cash Flow | -2.94B | -2.85B | -12.60B | -2.78B | -2.01B |
| Financing Cash Flow | -1.49B | -64.00M | 8.35B | -151.00M | -1.50B |
NIBE Industrier AB Technical Analysis
Positive
41.60
Price Trends
37.47
Positive
36.31
Positive
38.02
Positive
Market Momentum
1.43
Negative
66.85
Neutral
77.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NIBE.B, the sentiment is Positive. The current price of 41.6 is above the 20-day moving average (MA) of 38.52, above the 50-day MA of 37.47, and above the 200-day MA of 38.02, indicating a bullish trend. The MACD of 1.43 indicates Negative momentum. The RSI at 66.85 is Neutral, neither overbought nor oversold. The STOCH value of 77.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NIBE.B.
NIBE Industrier AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | kr45.68B | 24.43 | 18.52% | 2.20% | 2.68% | 0.49% | |
58 Neutral | kr14.77B | 34.37 | 11.96% | 1.55% | -1.13% | -8.83% | |
58 Neutral | kr65.54B | 34.22 | 11.04% | 0.95% | -0.44% | 0.78% | |
57 Neutral | kr11.61B | 21.04 | 7.36% | 2.61% | -3.52% | 140.50% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | kr36.55B | 296.38 | 2.49% | 0.93% | -6.73% | -33.99% | |
45 Neutral | kr83.30B | 31.54 | 9.65% | 0.86% | 0.79% | 94.12% |
* General Sector Average
SE:NIBE.B
NIBE Industrier AB
41.32
0.82
2.02%
SE:LIAB
Lindab International AB
151.80
-47.00
-23.64%
SE:SWEC.B
Sweco AB
126.20
-38.88
-23.55%
SE:MTRS
Munters Group AB
200.10
77.49
63.20%
SE:SYSR
Systemair AB
71.00
-9.94
-12.28%
SE:BEIJ.B
Beijer Ref AB Class B
129.20
-16.51
-11.33%
NIBE Industrier AB Corporate Events
NIBE Calls 2026 AGM, Sets Agenda and M&A-Linked Share Issue Mandate
Apr 14, 2026
NIBE Industrier AB has called its shareholders to the Annual General Meeting on 19 May 2026 at Contura’s expanded production facility in Markaryd, Sweden, with pre-meeting visits offered to several of the group’s exhibitions. Sharehold...
NIBE Reaffirms Mission as Global Leader in Sustainable Energy Solutions
Apr 14, 2026
NIBE Industrier AB reiterates its brand promise and mission to deliver sustainable, world-class energy solutions, emphasizing innovation, energy efficiency and high product quality across its three business areas. The company highlights its long-s...
NIBE Delivers Earnings Recovery in 2025 Despite Flat Sales and Turbulent Markets
Feb 12, 2026
NIBE Industrier reported virtually flat fourth-quarter and full-year 2025 net sales, but delivered a strong earnings recovery thanks to organic growth, tighter cost control and improved productivity. Adjusted operating profit rose to SEK 1,438 mil...
NIBE Industrier Signals Continued Recovery as Margins Improve Across Key Divisions
Feb 12, 2026
NIBE Industrier reported that its fourth-quarter performance confirmed a gradual market recovery through 2025 despite tariffs and rising geopolitical tensions weighing on demand. Group net sales were SEK 11,000 million, slightly below last year in...
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.