Nobia AB (NOBI) AI Stock Analysis

• Market Cap: kr3.17B
• Dividend Yield: N/A
• Average Volume (3M): 1.21M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -13.16%
• EPS Growth: -38.68%
• Country: SE
• Employees: 4,042
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -0.15
• Shares Outstanding: 675,051,940
• 10 Day Avg. Volume: 679,478
• 30 Day Avg. Volume: 1,213,722
• PEG Ratio: -0.01
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -3.11
• 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: kr4.50
• Price Target Upside: -4.05% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: kr4.50 ▼(-4.05% Downside)

Nobia AB's overall stock score reflects significant financial challenges, with declining revenue, profitability, and cash flow being the most impactful factors. The technical analysis provides a cautiously neutral outlook, while the valuation highlights concerns with a negative P/E ratio and no dividend yield. The absence of earnings call and corporate events data means these factors did not influence the score.

Nobia AB Business Overview & Revenue Model

Company Description

Nobia AB (NOBI) is a leading kitchen specialist based in Sweden, focused on designing, manufacturing, and distributing kitchen solutions across Europe. The company operates in the residential and commercial sectors, offering a wide range of products that include kitchen cabinets, worktops, and accessories. Nobia's brands, such as Magnet and HTH, cater to diverse customer preferences, providing tailored kitchen solutions that emphasize quality, functionality, and innovative design.

How the Company Makes Money

Nobia generates revenue primarily through the sale of kitchen furniture and components to both consumers and contractors. The company's revenue model is centered around direct sales to retail customers through its network of stores and online platforms, as well as through partnerships with builders and contractors for large-scale projects. Key revenue streams include the sale of complete kitchen systems, custom cabinetry, and additional kitchen accessories. Nobia also benefits from strategic partnerships with home improvement retailers and participation in various housing projects, which contribute significantly to its earnings. Additionally, the company focuses on product innovation and sustainability, appealing to environmentally conscious consumers and enhancing its market position.

Nobia AB Financial Statement Overview

Summary

Nobia AB is facing significant financial challenges, primarily driven by declining revenues and persistent losses. The company is heavily leveraged, which poses potential risks amidst a backdrop of negative profitability. While there is some stability in the equity ratio, the negative cash flow trends highlight liquidity concerns.

Income Statement

Nobia AB's income statement reveals significant challenges with profitability. The company has recorded negative net income and EBIT for the TTM period, indicating operational difficulties. The gross profit margin remains reasonable at 36.72%, but the net profit margin is deeply negative at -12.23%. Revenue has been declining, with a notable decrease from 2023 to 2025, reflecting a challenging market environment or internal inefficiencies. The revenue growth rate from 2024 to TTM is negative at -1.34%, and a drastic drop compared to 2022 levels, signaling a downward trajectory.

Balance Sheet

The balance sheet shows a relatively high debt-to-equity ratio of 1.19 for the TTM, indicating significant leveraging which could pose financial risk. However, the equity ratio is comfortable at 33.91%, suggesting a reasonable portion of assets are financed by equity. Stockholders' equity has decreased over recent periods, which could be concerning if this trend continues. Return on equity is negative due to consistent net losses, which is a critical area for improvement.

Cash Flow

Nobia AB's cash flow statements highlight some critical areas of concern. The operating cash flow to net income ratio is positive, suggesting operational activities are generating cash despite net losses. However, free cash flow is negative for the TTM at -416 million, and the free cash flow growth rate is unfavorable compared to previous periods. The negative free cash flow to net income ratio also reflects the company's struggle to convert net income into liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.16B	10.54B	13.37B	14.93B	13.72B	12.74B
Gross Profit	3.75B	3.84B	4.64B	5.36B	5.28B	4.44B
EBITDA	587.00M	-49.00M	723.00M	926.00M	1.79B	1.28B
Net Income	-1.17B	-1.34B	-347.00M	-2.00M	706.00M	253.00M
Balance Sheet
Total Assets	12.09B	12.30B	13.62B	12.77B	10.63B	10.09B
Cash, Cash Equivalents and Short-Term Investments	50.00M	270.00M	412.00M	340.00M	422.00M	635.00M
Total Debt	4.95B	4.97B	5.45B	3.94B	2.21B	2.47B
Total Liabilities	8.11B	7.97B	9.29B	8.06B	5.71B	6.05B
Stockholders Equity	3.99B	4.32B	4.33B	4.71B	4.92B	4.03B
Cash Flow
Free Cash Flow	-137.00M	-677.00M	-827.00M	-765.00M	648.00M	1.76B
Operating Cash Flow	476.00M	210.00M	890.00M	919.00M	1.54B	2.07B
Investing Cash Flow	-370.00M	727.00M	-1.68B	-1.72B	-868.00M	-253.00M
Financing Cash Flow	-172.00M	-1.04B	868.00M	658.00M	-932.00M	-1.42B

Nobia AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.69
• 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:NOBI, the sentiment is Positive. The current price of 4.69 is below the 20-day moving average (MA) of 4.78, below the 50-day MA of 4.70, and above the 200-day MA of 4.07, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 48.59 is Neutral, neither overbought nor oversold. The STOCH value of 43.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:NOBI.

Nobia AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RVRC	73 Outperform	kr4.99B	17.84	22.85%	2.63%	4.62%	-6.24%
SODER	69 Neutral	€223.57M	32.42	8.09%	3.02%	5.68%	-36.16%
BORG	65 Neutral	kr1.45B	16.55	22.33%	2.57%	14.83%	20.70%
BMAX	62 Neutral	€3.41B	22.12	6.68%	1.29%	4.40%	7603.52%
Sector *	61 Neutral	$17.23B	11.50	-5.97%	3.09%	1.49%	-16.00%
BOAT	47 Neutral	kr607.49M	―	-12.21%	―	-15.55%	-1428.30%
NOBI	46 Neutral	kr3.17B	―	-25.58%	―	-13.16%	-38.68%

Nobia AB Corporate Events

Nobia AB to Present Q2 2025 Interim Report

Nobia AB announced it will release its Q2 2025 interim report on July 18, followed by a webcasted telephone conference where the CEO and CFO will present the report and answer questions. This event is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (SE:NOBI) stock is a Hold with a SEK4.20 price target. To see the full list of analyst forecasts on Nobia AB stock, see the SE:NOBI Stock Forecast page.