Nobia AB (SE:NOBI)
:NOBI
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Nobia AB
(NOBI)
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Rating:43Neutral
Price Target:
kr1.50
▼(-65.44% Downside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by weak financial performance (sharp revenue decline, large losses, and very high leverage) and bearish technicals (price below all key moving averages with negative MACD). Valuation is only modestly supportive because the negative P/E is loss-driven and no dividend yield data is available.
Positive Factors
Vertical integration
Nobia’s vertically integrated manufacturing and sourcing model lets the company capture margin across production, procurement and downstream sales. This structural advantage supports durable cost control, product quality consistency and margin resilience versus pure retail competitors over months to years.
Negative Factors
Revenue declines & losses
Material revenue declines and very large net losses (-42.1% TTM) indicate weakened demand and operating stress. Persistently lower volumes and negative EBIT erode scale benefits and equity, making recovery dependent on sustained revenue stabilization or significant cost restructuring over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Nobia’s vertically integrated manufacturing and sourcing model lets the company capture margin across production, procurement and downstream sales. This structural advantage supports durable cost control, product quality consistency and margin resilience versus pure retail competitors over months to years.
Read all positive factors
Nobia AB (NOBI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.64B
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-24.72%
EPS Growth-93.89%
CountrySE
Employees4,042
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-47.30
Shares Outstanding151,631,600
10 Day Avg. Volume1,537,377
30 Day Avg. Volume1,083,184
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.06
Price to Sales (P/S)0.52
P/FCF Ratio-8.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)kr5.69B
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, handl...
How the Company Makes Money
Nobia primarily makes money by selling complete kitchen solutions (and associated products) through multiple routes to market. A core revenue stream is direct-to-consumer retail sales via brand-led showrooms and stores, where customers purchase de...
Nobia AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.57B | 5.62B | 10.54B | 13.37B | 14.93B | 13.72B |
| Gross Profit | 1.46B | 1.90B | 3.84B | 4.64B | 5.36B | 5.28B |
| EBITDA | -1.21B | 479.00M | -49.00M | 723.00M | 926.00M | 1.81B |
| Net Income | -2.34B | -2.97B | -1.34B | -347.00M | -2.00M | 706.00M |
Balance Sheet | ||||||
| Total Assets | 7.50B | 9.04B | 12.30B | 13.62B | 12.77B | 10.63B |
| Cash, Cash Equivalents and Short-Term Investments | 31.00M | 39.00M | 270.00M | 412.00M | 340.00M | 422.00M |
| Total Debt | 3.15B | 5.79B | 4.97B | 5.45B | 3.94B | 2.21B |
| Total Liabilities | 5.36B | 8.09B | 7.97B | 9.29B | 8.06B | 5.71B |
| Stockholders Equity | 2.14B | 947.00M | 4.32B | 4.33B | 4.71B | 4.92B |
Cash Flow | ||||||
| Free Cash Flow | -199.00M | -345.00M | -677.00M | -827.00M | -765.00M | 648.00M |
| Operating Cash Flow | 233.00M | 154.00M | 210.00M | 890.00M | 919.00M | 1.54B |
| Investing Cash Flow | -434.00M | -420.00M | 727.00M | -1.68B | -1.72B | -868.00M |
| Financing Cash Flow | 130.00M | 8.00M | -1.04B | 868.00M | 658.00M | -932.00M |
Nobia AB Technical Analysis
Negative
4.34
Price Trends
19.14
Negative
23.43
Negative
27.36
Negative
Market Momentum
-0.50
Negative
45.00
Neutral
28.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NOBI, the sentiment is Negative. The current price of 4.34 is below the 20-day moving average (MA) of 17.57, below the 50-day MA of 19.14, and below the 200-day MA of 27.36, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 45.00 is Neutral, neither overbought nor oversold. The STOCH value of 28.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:NOBI.
Nobia AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | kr6.10B | 21.06 | 25.41% | 2.02% | 4.31% | 15.92% | |
71 Outperform | kr1.64B | 11.78 | 23.44% | 4.95% | 5.09% | 6.45% | |
56 Neutral | kr139.56M | -18.26 | 6.37% | 3.38% | 1.85% | -14.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr2.84B | -7.38 | 7.24% | 1.40% | 0.60% | 92.08% | |
50 Neutral | kr515.84M | -12.22 | -11.15% | ― | -15.93% | 4.70% | |
43 Neutral | kr2.64B | -4.72 | -83.34% | ― | -24.72% | -93.89% |
* General Sector Average
SE:NOBI
Nobia AB
17.17
-11.51
-40.13%
SE:BOAT
Nimbus Group AB
11.95
-2.75
-18.71%
SE:SODER
Soder Sportfiske AB
16.50
-10.14
-38.06%
SE:RVRC
RVRC Holding AB
57.45
13.80
31.62%
SE:BMAX
Byggmax Group AB
47.80
-1.94
-3.90%
SE:BORG
Bjorn Borg AB
65.80
11.86
21.99%
Nobia AB Corporate Events
Nobia Sets Timetable for 1-for-10 Reverse Share Split
May 6, 2026
Nobia AB will implement a 1-for-10 reverse share split previously approved at its annual general meeting, consolidating every ten existing shares into one new share. The board has set 13 May 2026 as the record date, with 11 May as the last trading...
Nobia AGM Backs New Incentive Plan, Withholds 2025 Dividend
Apr 29, 2026
Nobia AB’s 2026 Annual General Meeting in Stockholm approved the 2025 annual report and discharged the board and president from liability, while deciding that no dividend will be paid for the 2025 financial year. Shareholders set board fees,...
Nobia tightens Nordic focus with UK exit, refinancing and rights issue as margins improve
Apr 29, 2026
Nobia’s first quarter 2026 results highlight continued stabilisation in a still‑soft Nordic kitchen market, with net sales of SEK 1,424 million reflecting 2% organic growth and an improved adjusted gross margin of 37.8% driven by highe...
Nobia to Present First-Quarter 2026 Interim Results on April 29
Apr 14, 2026
Nobia AB has announced that it will publish its interim report for the first quarter of 2026 on April 29 at 08:30 CET, providing investors and other stakeholders with an early update on its financial and operational performance. On the same day at...
Nobia Corrects Legal Basis for Disclosure in Annual Report Announcement
Apr 2, 2026
Nobia AB, a leading Scandinavian provider of branded kitchen solutions with operations across Scandinavia and Finland, leverages economies of scale and a portfolio of strong brands to drive profitability in the kitchen market. The company, which e...
Nobia Publishes 2025 Annual and Sustainability Report Highlighting Nordic Kitchen Leadership
Apr 1, 2026
Nobia AB has published its 2025 Annual and Sustainability Report, detailing its statutory administration report, financial statements, and separate corporate governance and sustainability sections. The report underscores Nobia’s ambition to ...
Nobia Boosts Share Capital with Major Rights Issue
Mar 31, 2026
Nobia AB has significantly expanded its share capital following a rights issue approved earlier this year, increasing the total number of shares and votes from 675,051,921 to 1,516,316,026. The company also reports that it holds 2,040,637 of these...
Nobia Calls 2026 AGM to Decide Governance, Pay and New Share Plan
Mar 26, 2026
Nobia AB has issued a notice convening its annual general meeting, scheduled for 29 April 2026 in Stockholm, where shareholders of record as of 21 April 2026 will be entitled to participate. Shareholders holding nominee-registered shares must temp...
Nobia Proposes Jimmy Renström as New Chairman Amid Post‑UK Market Board Refresh
Mar 23, 2026
Nobia AB’s Nomination Committee has proposed that current board member Jimmy Renström be appointed chairman of the board at the 2026 Annual General Meeting, replacing outgoing chair Tony Buffin as the company continues to reshape its go...
Nobia Raises SEK 1.5 Billion in Fully Subscribed Rights Issue
Mar 17, 2026
Nobia AB has completed a fully subscribed rights issue of approximately SEK 1.5 billion, with about 98.5 percent of the 841.3 million new shares taken up through subscription rights and the remainder allocated to investors without rights. The stro...
Nobia Completes Divestment of UK Operations to Refocus on Nordic Core
Mar 2, 2026
Nobia AB has completed the divestment of its UK operations, including brands Magnet, Gower, Commodore and CIE, to funds managed by Alteri Partners LLP, sharpening its strategic focus on the Nordic markets where it holds strong positions and struct...
Nobia Publishes Disclosure Document for SEK 1.5 Billion Fully Guaranteed Rights Issue
Feb 19, 2026
Nobia AB has published a disclosure document for its fully guaranteed rights issue of approximately SEK 1.5 billion, offering preferential subscription rights to existing shareholders to strengthen its capital base. The document has been registere...
Nobia Shareholders Approve SEK 1.5 Billion Rights Issue and Capital Restructuring
Feb 18, 2026
Nobia AB’s extraordinary general meeting in Stockholm approved a previously announced rights issue of up to SEK 1.5 billion, giving existing shareholders preferential rights to subscribe for new shares at SEK 1.78 each between 24 February an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.