NIBE Industrier AB (NIBE.B) AI Stock Analysis

• Market Cap: kr80.20B
• Dividend Yield: 0.86%
• Average Volume (3M): 6.31M
• Price to Earnings (P/E): 31.5
• Beta (1Y): 1.45
• Revenue Growth: -0.69%
• EPS Growth: 269.86%
• Country: SE
• Employees: 19,597
• Sector: General
• Sector Strength: N/A
• Industry: Construction
• EPS (TTM): 0.39
• Shares Outstanding: 1,782,936,200
• 10 Day Avg. Volume: 5,483,716
• 30 Day Avg. Volume: 6,309,914
• PEG Ratio: 0.33
• Price to Book (P/B): 2.37
• Price to Sales (P/S): 1.76
• P/FCF Ratio: 0.00
• 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: kr50.00
• Price Target Upside: 30.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 1.61
• Revenue Forecast (FY): kr42.06B

• Rating: 45 Neutral
• Price Target: kr32.00 ▼(-16.69% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 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 product and end-market diversification across heat pumps, heating elements and stoves reduces reliance on a single market or cycle. Durable multi-vertical revenue streams and different channel relationships (installers, OEMs, retailers) bolster resilience and steady cash inflows over time.

Negative Factors

Weak cash generation

Volatile operating cash conversion and a drop to zero free cash flow in 2025 indicate persistent working-capital or investment drains. Poor cash conversion limits internal funding for capex, acquisitions or shareholder returns and raises reliance on external financing over multiple quarters.

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...

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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...

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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

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	22.56B	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

• Technical Analysis Sentiment: Positive
• Last Price: 38.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 38.41 is above the 20-day moving average (MA) of 35.85, above the 50-day MA of 36.51, and above the 200-day MA of 37.96, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 58.94 is Neutral, neither overbought nor oversold. The STOCH value of 73.64 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SWEC.B	65 Neutral	kr49.79B	20.52	18.52%	2.20%	2.79%	14.00%
SYSR	58 Neutral	kr15.50B	34.37	11.96%	1.55%	2.11%	13.90%
LIAB	57 Neutral	kr12.37B	21.04	7.36%	2.61%	-1.96%	-19.69%
BEIJ.B	57 Neutral	kr69.65B	58.24	11.04%	0.95%	9.08%	-3.36%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
MTRS	55 Neutral	kr32.37B	-980.59	2.49%	0.93%	4.97%	-65.71%
NIBE.B	45 Neutral	kr80.20B	31.54	9.65%	0.86%	-0.69%	269.86%

NIBE Industrier AB Corporate Events