Nobia AB (NOBI) AI Stock Analysis

• Market Cap: kr2.73B
• Dividend Yield: N/A
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: -9.81%
• EPS Growth: -200.79%
• Country: SE
• Employees: 4,042
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -2.86
• Shares Outstanding: 675,051,940
• 10 Day Avg. Volume: 1,537,377
• 30 Day Avg. Volume: 1,083,184
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: kr3.50 ▼(-15.46% Downside)

Nobia AB's overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company's significant financial challenges, including declining revenue and high leverage, are compounded by negative market momentum. The lack of earnings and dividend yield further detract from its valuation appeal.

Positive Factors

Product Innovation

Nobia's emphasis on product innovation and sustainability appeals to environmentally conscious consumers, strengthening its market position.

Strategic Partnerships

Partnerships with retailers and builders enhance distribution channels and market reach, supporting revenue growth and brand visibility.

Brand Portfolio

A diverse brand portfolio allows Nobia to cater to varied customer needs, enhancing its competitive advantage and market penetration.

Negative Factors

Revenue Decline

A consistent decline in revenue and profitability indicates challenges in market demand or competition, impacting long-term growth prospects.

High Leverage

Significant leverage increases financial risk, limiting flexibility in operations and investments, and necessitating improved equity returns.

Cash Flow Challenges

Negative cash flow growth indicates operational inefficiencies, requiring improved cash generation to sustain operations and reduce debt reliance.

Nobia AB Business Overview & Revenue Model

Company Description

Nobia AB (publ) develops, manufactures, and sells kitchen solutions to consumer and professional customers. The company offers cabinets, drawers, fronts, panels, bases, cabinet fixtures, worktops, sinks, mixer taps, appliances, kitchen fans, handles, and others. It sells its products under various brands, including A la Carte, Bribus, Commodore & CIE, ewe, FM, Gower, HTH, INTUO, Invita, Magnet, Marbodal, Norema, Petra, Rixonway Kitchens, Sigdal, and uno form brands. The company sells its products through approximately 225 own stores; and a network of 168 franchise stores and 1,400 retail stores, including furniture stores, builders' merchants, DIY stores, and independent kitchen specialists. It also provides installation services for kitchen products. In addition, the company exports its products. It serves in Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, the Netherlands, Austria, and internationally. The company was founded in 1996 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Nobia generates revenue primarily through the sale of kitchen and bathroom products, which includes a variety of cabinets, worktops, sinks, and kitchen appliances. The company operates a direct-to-consumer model as well as partnerships with retailers and builders, which expands its distribution channels. Key revenue streams include retail sales from their branded stores and online platforms, alongside wholesale sales to professional contractors and builders. Additionally, Nobia benefits from strategic partnerships with suppliers and manufacturers that enhance its product offerings and competitive positioning in the market.

Nobia AB Financial Statement Overview

Summary

Nobia AB faces significant financial challenges, with declining revenue, profitability, and cash flow. The high leverage and negative equity returns highlight financial risks. The company must focus on improving operational efficiency, reducing costs, and enhancing cash flow to stabilize its financial position and support future growth.

Income Statement

Nobia AB's income statement shows declining revenue and profitability. The TTM data indicates a negative revenue growth rate of -2.29% and a net profit margin of -11.48%, reflecting significant losses. The gross profit margin remains relatively stable at 36.95%, but the EBIT and EBITDA margins are negative, indicating operational challenges. The company needs to address its declining revenue and improve cost management to enhance profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.24, indicating significant leverage. The return on equity is negative, reflecting ongoing losses. The equity ratio stands at 32.98%, suggesting a moderate level of equity financing. While the company maintains a substantial asset base, the high leverage poses financial risks, and improving equity returns is crucial for financial stability.

Cash Flow

Cash flow analysis shows a concerning trend with negative free cash flow growth of -67.07% in the TTM period. The operating cash flow to net income ratio is low at 0.15, and the free cash flow to net income ratio is negative, indicating cash flow challenges. The company needs to enhance its cash generation capabilities to support operations and reduce reliance on external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.99B	10.54B	13.37B	14.93B	13.72B	12.74B
Gross Profit	3.71B	3.84B	4.64B	5.36B	5.28B	4.44B
EBITDA	-1.27B	-49.00M	723.00M	926.00M	1.81B	1.28B
Net Income	-2.99B	-1.34B	-347.00M	-2.00M	706.00M	253.00M
Balance Sheet
Total Assets	9.88B	12.30B	13.62B	12.77B	10.63B	10.09B
Cash, Cash Equivalents and Short-Term Investments	0.00	270.00M	412.00M	340.00M	422.00M	635.00M
Total Debt	4.94B	4.97B	5.45B	3.94B	2.21B	2.47B
Total Liabilities	7.80B	7.97B	9.29B	8.06B	5.71B	6.05B
Stockholders Equity	2.07B	4.32B	4.33B	4.71B	4.92B	4.03B
Cash Flow
Free Cash Flow	93.00M	-677.00M	-827.00M	-765.00M	648.00M	1.76B
Operating Cash Flow	651.00M	210.00M	890.00M	919.00M	1.54B	2.07B
Investing Cash Flow	-318.00M	727.00M	-1.68B	-1.72B	-868.00M	-253.00M
Financing Cash Flow	-473.00M	-1.04B	868.00M	658.00M	-932.00M	-1.42B

Nobia AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.14
• 50DMA: Positive
• 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:NOBI, the sentiment is Positive. The current price of 4.14 is above the 20-day moving average (MA) of 4.10, above the 50-day MA of 4.06, and below the 200-day MA of 4.24, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 54.02 is Neutral, neither overbought nor oversold. The STOCH value of 37.42 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
SODER	69 Neutral	kr194.54M	35.79	6.37%	3.38%	2.88%	-51.00%
BORG	69 Neutral	kr1.51B	17.57	23.44%	4.95%	9.20%	11.72%
RVRC	69 Neutral	kr7.11B	24.64	23.71%	2.02%	6.44%	0.49%
BMAX	65 Neutral	kr3.07B	17.89	7.24%	1.40%	4.04%	433.33%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BOAT	45 Neutral	kr451.89M	-4.01	-11.15%	―	-17.48%	20.08%
NOBI	41 Neutral	kr2.73B	-0.93	-83.34%	―	-9.81%	-200.79%

Nobia AB Corporate Events

Nobia Announces SEK 1.9 Billion Impairment Amid UK Market Challenges

Nobia AB has announced a SEK 1.9 billion non-cash impairment of its UK operations, primarily affecting intangible assets, due to prolonged weak market conditions and slow financial recovery. Despite these challenges, the company reported an improved adjusted operating profit for the third quarter, with net sales slightly declining. The strategic shift towards an asset-light model continues, with further reviews of the UK business underway, indicating ongoing efforts to stabilize and enhance its market position.

Nobia AB Announces Q3 2025 Interim Report Release and Conference

Nobia AB is set to release its interim report for the third quarter of 2025 on November 4th, followed by a webcasted telephone conference featuring the company’s President and CEO, Kristoffer Ljungfelt, and interim CFO, Robert Belkic. This event will provide stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.