Nobia AB (NOBI) AI Stock Analysis

• Market Cap: kr2.73B
• Dividend Yield: N/A
• Average Volume (3M): 1.26M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.20
• Revenue Growth: -15.66%
• EPS Growth: -101.90%
• Country: SE
• Employees: 4,042
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -0.17
• Shares Outstanding: 675,051,940
• 10 Day Avg. Volume: 1,218,181
• 30 Day Avg. Volume: 1,259,456
• PEG Ratio: 1.62
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.19
• 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: kr3.60
• Price Target Upside: -11.33% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: kr4.00 ▼(-1.48%Downside)

Nobia AB's overall stock score is primarily driven by its financial challenges, including declining revenues and negative profitability. The valuation is severely impacted by a negative P/E ratio. Technical analysis provides some mixed signals with slight bullish momentum, but overall, the financial performance and valuation concerns dominate the stock's outlook.

Nobia AB Business Overview & Revenue Model

Company Description

Nobia AB is a leading kitchen specialist company operating in Europe, primarily engaged in the design, manufacture, and sale of kitchen solutions. The company offers a wide range of kitchen products, including cabinets, worktops, and appliances, under several well-known brand names. These brands cater to various market segments, from affordable solutions to premium offerings. Nobia AB primarily serves residential markets, working through both direct-to-consumer channels and partnerships with builders and retailers.

How the Company Makes Money

Nobia AB generates revenue through the sale of kitchen products and solutions. Its revenue model is primarily based on direct sales to consumers and partnerships with construction companies and retailers. The company offers products under different brand names, each targeting specific market segments, from budget-friendly options to high-end kitchen solutions. Key revenue streams include sales of kitchen cabinets, worktops, and associated products. Additionally, Nobia's strategic partnerships with retailers and builders help to expand its market reach and drive sales. The company may also benefit from economies of scale in production and distribution, enhancing profitability.

Nobia AB Financial Statement Overview

Summary

Nobia AB's financial performance is weak, with negative net income and EBIT, and declining revenues. The company is heavily leveraged, with a high debt-to-equity ratio and negative free cash flow, indicating 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
10.40B	10.54B	13.37B	14.93B	13.72B	12.74B
	Gross Profit
3.82B	3.84B	4.64B	5.36B	5.28B	4.44B
	EBIT
-586.00M	-827.00M	-99.00M	108.00M	1.01B	437.00M
	EBITDA
457.00M	-49.00M	723.00M	926.00M	1.79B	1.28B
	Net Income Common Stockholders
-1.27B	-1.34B	-347.00M	-2.00M	706.00M	253.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
412.00M	270.00M	412.00M	340.00M	422.00M	635.00M
	Total Assets
13.62B	12.30B	13.62B	12.77B	10.63B	10.09B
	Total Debt
5.45B	4.97B	5.45B	3.94B	2.21B	2.47B
	Net Debt
5.04B	4.70B	5.04B	3.60B	1.79B	1.83B
	Total Liabilities
9.29B	7.97B	9.29B	8.06B	5.71B	6.05B
	Stockholders Equity
4.33B	4.32B	4.33B	4.71B	4.92B	4.03B
Cash Flow		Free Cash Flow
-416.00M	-677.00M	-827.00M	-765.00M	648.00M	1.76B
	Operating Cash Flow
286.00M	210.00M	890.00M	919.00M	1.54B	2.07B
	Investing Cash Flow
-457.00M	727.00M	-1.68B	-1.72B	-868.00M	-253.00M
	Financing Cash Flow
-76.00M	-1.04B	868.00M	658.00M	-932.00M	-1.42B

Nobia AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 4.06 is below the 20-day moving average (MA) of 4.21, above the 50-day MA of 3.77, and below the 200-day MA of 4.17, indicating a neutral trend. The MACD of 0.13 indicates Positive momentum. The RSI at 48.78 is Neutral, neither overbought nor oversold. The STOCH value of 16.20 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLAS.B	78 Outperform	kr20.34B	23.08	41.51%	1.32%	16.35%	89.30%
BORG	74 Outperform	kr1.48B	16.89	22.33%	2.56%	14.83%	20.70%
BMAX	66 Neutral	kr3.00B	29.72	4.29%	1.46%	0.37%	818.34%
BILI.A	64 Neutral	€11.07B	17.13	12.79%	4.61%	4.48%	-21.99%
Sector *	62 Neutral	$6.76B	11.06	2.80%	6.66%	2.68%	-24.89%
INWI	62 Neutral	kr11.56B	20.82	9.96%	26.66%	3.91%	-5.92%
NOBI	47 Neutral	kr2.73B	―	-30.98%	―	-15.66%	-101.90%