NIBE Industrier AB (NIBE.B) AI Stock Analysis

• Market Cap: kr91.53B
• Dividend Yield: 0.68%
• Average Volume (3M): 4.01M
• Price to Earnings (P/E): 37.8
• Beta (1Y): 1.45
• Revenue Growth: -8.53%
• EPS Growth: -8.87%
• Country: SE
• Employees: 19,597
• Sector: Industrials
• Sector Strength: 78
• Industry: Construction
• EPS (TTM): 0.19
• Shares Outstanding: 1,782,936,200
• 10 Day Avg. Volume: 3,594,710
• 30 Day Avg. Volume: 4,013,850
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• 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: kr47.00
• Price Target Upside: 6.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: kr47.00 ▲(6.94% Upside)

NIBE Industrier AB's overall stock score is driven by its strong financial performance, particularly in revenue growth and cash flow management. Technical analysis shows positive momentum but signals caution due to overbought conditions. Valuation concerns arise from a high P/E ratio, suggesting potential overvaluation.

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 countries, rest of Europe, North America, and internationally. The company operates through three business areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves. The NIBE Climate Solutions business area offers indoor climate comfort products, such as heat pumps, ventilation products and air conditioning, climate control systems, water heaters and accumulator tanks, district heating products, PV panels, domestic boilers, commercial washing machines, and tumble dryers for homes, apartment blocks, and commercial properties. The NIBE Element business area provides various components and solutions for heating and control, which include tubular, aluminum, foil, thick film, PTC, high-power, and ceramic elements, as well as open spirals and tapes, heating cables and jackets, vacuum brazing, heat pump technology, resistors, heat exchangers, temperature sensors, flexible hoses, and control equipment to domestic and household appliances; commercial products and professional kitchens; energy; transport; advanced technology; medicine; and aviation sectors, as well as industrial projects sectors. The NIBE Stoves business area offers free-standing, wood-burning, gas, and electric stoves; heat-retaining products; and chimney systems, as well as accessories. NIBE Industrier AB (publ) was founded in 1949 and is headquartered in Markaryd, Sweden.

How the Company Makes Money

NIBE Industrier AB generates revenue primarily through the sale of its heating and climate control products, which are designed to meet the growing demand for energy-efficient solutions. The company's key revenue streams include the sale of heat pumps, water heaters, and ventilation systems, which are marketed to both the residential and commercial markets. Additionally, NIBE benefits from service agreements and maintenance contracts that provide ongoing revenue. The company has established significant partnerships with various distributors and contractors, enhancing its market reach and enabling it to capitalize on the increasing trend towards sustainable energy solutions. Economic incentives and government regulations promoting energy efficiency also contribute to NIBE's earnings by stimulating demand for its products.

NIBE Industrier AB Financial Statement Overview

Summary

NIBE Industrier AB presents a mixed financial performance. While revenue and gross profit margins have shown resilience, the decline in net profit margin and operational efficiency poses concerns. The balance sheet remains solid with moderate leverage, but declining ROE is a risk. Cash flows are stable, although free cash flow availability has decreased, affecting future investment potential.

Income Statement

The income statement shows a stable revenue base with a slight decline in 2024 compared to 2023. Gross profit margin improved from 33.5% in 2023 to 27.1% in 2024, indicating better cost management. However, net profit margin dropped from 10.3% to 2.9%, suggesting challenges in controlling operational expenses. EBIT and EBITDA margins also declined, indicating decreased operational efficiency.

Balance Sheet

The balance sheet reflects moderate financial stability with a debt-to-equity ratio of 0.77, indicating a balanced approach to leverage. The equity ratio stands at 45.6%, showing a healthy proportion of equity financing. However, the decline in ROE from 15.9% in 2023 to 3.7% in 2024 raises concerns about the company's ability to generate returns on equity.

Cash Flow

The cash flow statement highlights robust operating cash flow, increasing by 4.6% in 2024. Despite this, the free cash flow growth was stagnant due to significant capital expenditures. The operating cash flow to net income ratio of 3.41 indicates efficient cash generation relative to net income, but the free cash flow to net income ratio shows a sharp decline from 0.80 to 3.41, suggesting reduced cash availability for discretionary purposes.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.70B	40.52B	46.65B	40.07B	30.83B	27.15B
Gross Profit	12.14B	10.97B	15.62B	12.61B	10.20B	8.97B
EBITDA	4.57B	2.67B	9.01B	7.45B	5.83B	5.11B
Net Income	2.42B	1.17B	4.79B	4.35B	3.32B	2.87B
Balance Sheet
Total Assets	65.98B	70.41B	68.10B	53.99B	43.39B	38.34B
Cash, Cash Equivalents and Short-Term Investments	4.64B	5.61B	4.28B	4.82B	4.75B	4.79B
Total Debt	23.60B	24.34B	22.47B	11.14B	9.78B	10.00B
Total Liabilities	36.04B	38.27B	37.90B	26.02B	21.74B	20.60B
Stockholders Equity	29.90B	32.09B	30.16B	27.93B	21.44B	17.59B
Cash Flow
Free Cash Flow	3.11B	4.01B	110.00M	373.00M	1.94B	3.89B
Operating Cash Flow	4.51B	4.01B	3.83B	2.61B	3.26B	5.02B
Investing Cash Flow	-2.99B	-2.85B	-12.60B	-2.78B	-2.01B	-2.90B
Financing Cash Flow	-435.00M	-64.00M	8.35B	-151.00M	-1.50B	-1.19B

NIBE Industrier AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 43.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 43.95 is below the 20-day moving average (MA) of 44.72, above the 50-day MA of 42.66, and above the 200-day MA of 42.62, indicating a neutral trend. The MACD of 0.39 indicates Positive momentum. The RSI at 49.50 is Neutral, neither overbought nor oversold. The STOCH value of 47.56 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
NIBE.B	71 Outperform	kr91.53B	37.79	7.97%	0.68%	-8.53%	-8.87%
Sector *	58 Neutral	HK$13.99B	4.55	-2.78%	5.71%	2.20%	-57.37%
0MWK	―	kr15.75B	52.38	4.25%	―	―	―
0H0G	―	kr57.02B	27.32	18.81%	―	―	―
MMNNF	―	$2.66B	84.82	14.56%	0.60%	―	―
52SA	―	€1.79B	29.78	11.86%	―	―	―
BRZ0	―	€7.76B	36.15	10.73%	―	―	―

NIBE Industrier AB Corporate Events

NIBE Industrier Announces Management Change in Corporate Communications

Fredrik Erlandsson, the Head of Corporate Communications and Investor Relations at NIBE Industrier, has announced his resignation, effective at the end of the year. The company will begin the search for his successor after the holiday period, reflecting a transition in its management team while maintaining its focus on strong investor relations and communications.

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 Announces Investor Meeting for June 2025

NIBE Industrier AB has announced an investor meeting for institutional investors and analysts on June 2, 2025, featuring presentations from key executives including CEO Gerteric Lindquist. This meeting, facilitated by analyst Johan Sjöberg, will provide insights into NIBE’s operations and strategies, potentially impacting investor perceptions and market positioning.

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’s Annual General Meeting Approves Key Resolutions

The Annual General Meeting of NIBE Industrier AB, held on May 15, 2025, resulted in several key resolutions including the approval of a dividend payment and the re-election of Hans Linnarson as chairman of the board. Additionally, KPMG AB was appointed as the auditor for the upcoming year, and the board was authorized to issue new shares to finance potential acquisitions, reflecting strategic moves to enhance the company’s growth and market position.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK60.00 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 Q1 2024 Amidst Market Challenges

NIBE Industrier AB reported a positive first quarter in 2024, with sales reaching SEK 9,673 million, marking an end to the previous downward trend. Despite challenges such as currency fluctuations and political uncertainties, the company saw improved operating margins and stable demand across its business areas, particularly in heat pumps and electrification-related products. The company continues to adapt its strategies, including cost control and continent-based production, to maintain market presence and prepare for future growth.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK60.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.