NIBE Industrier AB (NIBE.B) AI Stock Analysis

• Market Cap: kr72.46B
• Dividend Yield: 0.86%
• Average Volume (3M): 6.31M
• Price to Earnings (P/E): 26.9
• Beta (1Y): 1.61
• Revenue Growth: -0.69%
• EPS Growth: 269.86%
• Country: SE
• Employees: 19,597
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.30
• Shares Outstanding: 1,782,936,200
• 10 Day Avg. Volume: 5,483,716
• 30 Day Avg. Volume: 6,309,914
• PEG Ratio: -0.98
• Price to Book (P/B): 2.72
• Price to Sales (P/S): 2.15
• P/FCF Ratio: 47.61
• 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: kr43.28
• Price Target Upside: 24.01% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: kr34.00 ▼(-2.58% Downside)

NIBE Industrier AB's overall stock score is primarily influenced by its solid financial performance, characterized by strong revenue growth and robust cash flow metrics. However, the technical analysis indicates a bearish trend, with the stock trading below key moving averages and an oversold RSI. The valuation suggests the stock is relatively expensive, which could limit upside potential. The absence of earnings call data and corporate events means these factors do not impact the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Cash Flow Strength

Strong cash flow generation enhances financial flexibility, enabling the company to invest in growth opportunities and weather economic downturns.

Profitability Improvements

Improved profitability reflects effective cost control and operational efficiency, contributing to sustainable financial health and competitive positioning.

Negative Factors

Leverage Concerns

Higher leverage can increase financial risk, particularly in volatile markets, potentially impacting the company's ability to invest in growth or manage downturns.

EBITDA Margin

Lower operating margins may limit profitability growth, necessitating improvements in operational efficiency to enhance competitive advantage.

Revenue Growth Decline

Declining revenue growth could indicate challenges in market expansion or competitive pressures, potentially affecting long-term growth prospects.

NIBE Industrier AB Business Overview & Revenue Model

Company Description

NIBE Industrier AB is a Swedish industrial company that specializes in energy-efficient heating solutions and climate control systems. Founded in 1952, NIBE operates primarily in three segments: NIBE Energy Systems, NIBE Climate Solutions, and NIBE Stoves. The company's core products include heat pumps, stoves, and industrial heating systems, which are designed to promote sustainability and reduce energy consumption. With a strong presence in Europe and expanding markets globally, NIBE aims to provide innovative solutions for both residential and commercial applications.

How the Company Makes Money

NIBE Industrier AB generates revenue through the sale of its heating and climate control products across its three business segments. The primary revenue streams include the sale of heat pumps, which are increasingly in demand due to the global shift towards renewable energy sources and energy-efficient systems. NIBE also earns income from the sale of stoves and industrial heating systems, supplemented by services such as installation, maintenance, and aftermarket support. Key partnerships with suppliers and distributors enhance their market reach and customer base. Additionally, the company's focus on research and development allows it to innovate and introduce new products, further driving sales and profitability.

NIBE Industrier AB Financial Statement Overview

Summary

NIBE Industrier AB displays solid financial health with growing revenues and profitability. The balance sheet is stable, though slightly leveraged, which could be a consideration during economic downturns. Cash flow metrics are strong, supporting future operational and capital expenditure needs. Overall, the company is well-positioned for growth, backed by efficient cash management and profitability improvements.

Income Statement

NIBE Industrier AB shows strong revenue growth with a TTM increase in total revenue from 2024 to 2025. Gross profit margin stands at 29.8%, demonstrating efficient production processes. The net profit margin improved to 5.95%, indicating better cost management. However, the EBIT margin of 9.9% and EBITDA margin of 11.2% suggest room for improvement in operating efficiency.

Balance Sheet

The company maintains a stable balance sheet with a debt-to-equity ratio of 0.79, which is manageable within the industry norms. Return on equity is healthy at 8.1%, reflecting effective use of equity. However, the equity ratio of 45.3% points to moderately high leverage that could pose risks in volatile markets.

Cash Flow

NIBE's cash flow is robust, with a strong operating cash flow to net income ratio of 1.86, indicating effective cash generation relative to earnings. Free cash flow saw significant growth, which is a positive indicator of financial flexibility. The free cash flow to net income ratio of 1.28 further supports the firm's solid cash position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.87B	40.52B	46.65B	40.07B	30.83B	27.15B
Gross Profit	12.58B	10.97B	15.62B	12.61B	10.20B	8.97B
EBITDA	5.06B	5.04B	9.01B	7.45B	5.83B	5.11B
Net Income	2.87B	1.17B	4.79B	4.35B	3.32B	2.87B
Balance Sheet
Total Assets	66.46B	70.41B	68.10B	53.99B	43.39B	38.34B
Cash, Cash Equivalents and Short-Term Investments	4.70B	5.61B	4.28B	4.82B	4.75B	4.79B
Total Debt	23.91B	24.34B	22.47B	11.14B	9.78B	10.00B
Total Liabilities	36.31B	38.27B	37.90B	26.02B	21.74B	20.60B
Stockholders Equity	30.11B	32.09B	30.16B	27.93B	21.44B	17.59B
Cash Flow
Free Cash Flow	1.82B	1.83B	110.00M	373.00M	1.94B	3.89B
Operating Cash Flow	4.07B	4.01B	3.83B	2.61B	3.26B	5.02B
Investing Cash Flow	-1.69B	-2.85B	-12.60B	-2.78B	-2.01B	-2.90B
Financing Cash Flow	-2.15B	-64.00M	8.35B	-151.00M	-1.50B	-1.19B

NIBE Industrier AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 34.90
• 50DMA: Negative
• 100DMA: Negative
• 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:NIBE.B, the sentiment is Neutral. The current price of 34.9 is above the 20-day moving average (MA) of 34.81, below the 50-day MA of 35.96, and below the 200-day MA of 39.66, indicating a neutral trend. The MACD of -0.90 indicates Negative momentum. The RSI at 49.62 is Neutral, neither overbought nor oversold. The STOCH value of 77.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:NIBE.B.

NIBE Industrier AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYSR	74 Outperform	kr16.27B	24.53	11.31%	1.73%	0.74%	8.11%
BEIJ.B	72 Outperform	€75.33B	30.72	11.04%	0.93%	9.08%	-3.36%
MTRS	67 Neutral	$28.27B	95.14	13.34%	1.02%	4.97%	-65.71%
SWEC.B	66 Neutral	kr60.36B	27.91	18.65%	2.05%	2.79%	14.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NIBE.B	58 Neutral	kr72.46B	26.89	9.65%	0.86%	-0.69%	269.86%
LIAB	57 Neutral	kr15.52B	28.65	7.36%	2.66%	-1.96%	-19.69%

NIBE Industrier AB Corporate Events

NIBE Industrier AB Reports Strong Q3 2025 Performance Amid Market Recovery

NIBE Industrier AB’s interim report for the third quarter of 2025 highlights a continued recovery in the market, with sales reaching SEK 29,841 million and operating profit significantly improving to SEK 2,865 million. Despite challenges such as political turbulence and currency fluctuations, the company has maintained stable performance through strategic international presence and effective cost control. The heat pump market in Europe and the US remains stable, with growth driven by countries like Germany and Sweden. However, changes in tax subsidies in the US may impact private market demand, though commercial subsidies are expected to mitigate this. The NIBE Element business area also showed stable demand, although some segments like semiconductors may see calmer demand ahead.

The most recent analyst rating on ($SE:NIBE.B) stock is a Buy with a SEK50.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Reports Continued Recovery Amidst Global Challenges

NIBE Industrier AB reported a continued recovery in the third quarter of 2025, with sales reaching SEK 10,086 million, despite challenges from political turbulence and currency fluctuations. The company’s strategic international presence and diverse product range have helped maintain stability, with significant growth in the European heat pump market and stable performance in the US geothermal segment. However, the NIBE Stoves division remains weak due to cautious economic conditions in Europe.

The most recent analyst rating on ($SE:NIBE.B) stock is a Buy with a SEK50.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Announces Q3 2025 Report Release and Investor Presentation

NIBE Industrier AB is set to release its Q3 2025 report on November 14, 2025, and will host a teleconference and webcast presentation for investors and analysts. The presentation will be conducted by CEO Gerteric Lindquist and CFO Hans Backman, providing an opportunity for stakeholders to engage in a Q&A session. This event underscores NIBE’s commitment to transparency and engagement with its investors, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Acquires Majority Stake in Italian Firm Selmo S.r.l.

NIBE Industrier AB has acquired a 70% stake in Selmo S.r.l., an Italian manufacturer of thermostats and electronic control devices for electrical heating, with plans to acquire the remaining shares by 2028. This acquisition, which will integrate Selmo into NIBE’s Element business area, aims to strengthen NIBE’s offerings in electrical heating components and systems, with Selmo’s local management team continuing to lead the company. The acquisition is expected to enhance NIBE’s industry positioning, although it constitutes a small part of the NIBE Group.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier Announces Investor Meeting for Strategic Engagement

NIBE Industrier AB has announced an investor meeting scheduled for September 9, 2025, inviting institutional investors and analysts to participate in a conference call. This meeting, facilitated by Nordea, will feature presentations by CEO Gerteric Lindquist, CFO Hans Backman, and Head of Corporate Communications Fredrik Erlandsson, and aims to engage stakeholders with the company’s strategic direction and financial performance.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK45.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Launches SEK 5 Billion Commercial Paper Program

NIBE Industrier AB has launched a commercial paper program with a framework of SEK 5 billion to finance working capital and replace short-term financing. This move, facilitated by Danske Bank, Handelsbanken, and SEB, aims to strengthen NIBE’s financial flexibility and support its strategic growth initiatives.

The most recent analyst rating on ($SE:NIBE.B) stock is a Buy with a SEK53.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier Appoints Claes Hemberg as Energy Economist

NIBE Industrier has appointed Claes Hemberg as the Energy Economist to enhance public education on energy and economics, focusing on Sweden, the UK, and Germany. Hemberg’s extensive background in journalism and economics will aid in addressing household concerns about energy and economic issues, aiming to improve electricity usage and investment both at home and in society.

The most recent analyst rating on ($SE:NIBE.B) stock is a Buy with a SEK53.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Sees Improved Profit Margins Amidst Political and Economic Challenges

NIBE Industrier AB reported a modest increase in sales for the second quarter of 2025, with a significant improvement in operating profit and margin due to better productivity and cost control. The company is experiencing a gradual recovery in its climate solutions sector, particularly in Europe, and maintains a stable performance in the US market. Despite challenges from a turbulent political environment and currency fluctuations, NIBE aims to return to historical operating margin levels, although uncertainties in the external environment may complicate this goal.

The most recent analyst rating on ($SE:NIBE.B) stock is a Buy with a SEK53.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Reports Positive Q2 2025 with Growth in Climate Solutions

NIBE Industrier AB reported a positive second quarter in 2025, with increased sales and operating profit despite challenges from political instability and currency fluctuations. The company saw growth in its Climate Solutions segment, particularly in Europe, and maintained stable performance in the US market. The Element business area showed strong demand in industrial electrification and semiconductors, while the Stoves segment faced challenges due to market caution in Europe. NIBE aims to return to historical operating margin levels across its business areas, supported by strong product offerings and strategic manufacturing adjustments.

The most recent analyst rating on ($SE:NIBE.B) stock is a Buy with a SEK53.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.