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Nobia AB
(NOBI)
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Rating:43Neutral
Price Target:
kr12.50
▲(188.02% Upside)
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
Integrated DTC and B2B business model
Nobia’s end-to-end model—design, manufacture, sales, and installation—combines direct consumer retail and project-driven B2B revenue. That channel and product integration creates recurring service and installation revenue streams and exposure to both renovation demand and new-build contracts, supporting more durable revenue diversification over time.
Negative Factors
Material revenue decline
Sustained top-line declines (TTM -18.68%, multi-year downward trend) point to weakening demand or market-share loss. Prolonged revenue contraction erodes scale, limits margin recovery potential, and makes it harder to generate the sustained cash flows needed to fund restructuring or pay down elevated leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated DTC and B2B business model
Nobia’s end-to-end model—design, manufacture, sales, and installation—combines direct consumer retail and project-driven B2B revenue. That channel and product integration creates recurring service and installation revenue streams and exposure to both renovation demand and new-build contracts, supporting more durable revenue diversification over time.
Read all positive factors
Nobia AB (NOBI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.99B
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
Employees2,051
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-47.34
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)-0.07
Revenue Forecast (FY)kr5.70B
Nobia AB Business Overview & Revenue Model
Company Description
Nobia AB (publ) specializes in the development, manufacturing, and sale of comprehensive kitchen solutions for both household consumers and professional clients. The company's extensive product catalog features a wide array of kitchen elements, in...
How the Company Makes Money
Nobia makes money primarily by selling complete kitchen solutions and related services through a mix of direct-to-consumer retail and business-to-business channels. A large portion of revenue comes from end-to-end kitchen projects sold under its b...
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 | 4.46B | 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
15.30
Negative
18.27
Negative
23.98
Negative
Market Momentum
-0.57
Negative
35.38
Neutral
14.66
Positive
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 13.58, below the 50-day MA of 15.30, and below the 200-day MA of 23.98, indicating a bearish trend. The MACD of -0.57 indicates Negative momentum. The RSI at 35.38 is Neutral, neither overbought nor oversold. The STOCH value of 14.66 is Positive, 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 | kr6.60B | 20.10 | 25.41% | 2.02% | 4.31% | 15.92% | |
71 Outperform | kr1.65B | 17.71 | 23.44% | 4.95% | 5.09% | 6.45% | |
68 Neutral | kr3.04B | 15.60 | 7.24% | 1.40% | -0.28% | 51.30% | |
56 Neutral | kr135.76M | 19.34 | 6.37% | 3.38% | 1.85% | -14.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | kr488.13M | -3.47 | -11.15% | ― | -15.93% | 4.70% | |
43 Neutral | kr1.99B | -0.28 | -83.34% | ― | -24.72% | -93.89% |
* General Sector Average
SE:NOBI
Nobia AB
13.15
-22.40
-63.00%
SE:BOAT
Nimbus Group AB
11.45
-4.00
-25.89%
SE:SODER
Soder Sportfiske AB
16.05
-14.03
-46.64%
SE:RVRC
RVRC Holding AB
61.50
16.99
38.17%
SE:BMAX
Byggmax Group AB
51.80
-3.64
-6.56%
SE:BORG
Bjorn Borg AB
65.70
9.14
16.16%
Nobia AB Corporate Events
Nobia Sets Date for Q2 2026 Interim Report and Investor Call
Jul 2, 2026
Nobia AB will publish its interim report for the second quarter of 2026 on July 17 at 08:30 CET, providing investors and stakeholders with updated insight into the company’s financial performance. The kitchen solutions group will host a webc...
Nobia Names Jesper Gylling Olsen CEO as Group Enters Nordic-Focused Next Phase
Jun 3, 2026
Nobia AB has appointed Jesper Gylling Olsen as its new president and CEO, effective 3 June 2026, replacing Kristoffer Ljungfelt by mutual agreement as the company sharpens its focus on the Nordic kitchen market. Olsen, currently executive vice pre...
Nobia Completes 1:10 Reverse Share Split, Reducing Share Count Tenfold
May 29, 2026
Nobia AB, a Scandinavian kitchen solutions group with brands including HTH, Marbodal and Novart, employs about 2,000 people and reports annual net sales of around SEK 5.6 billion, with its shares listed on Nasdaq Stockholm. The company combines ec...
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...
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.