Nobia AB (NOBI) AI Stock Analysis

• Market Cap: kr3.38B
• Dividend Yield: N/A
• Average Volume (3M): 1.41M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: -15.66%
• EPS Growth: -101.90%
• Country: SE
• Employees: 4,042
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -0.17
• Shares Outstanding: 675,051,940
• 10 Day Avg. Volume: 1,699,134
• 30 Day Avg. Volume: 1,410,876
• 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: -30.37% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: kr5.00 ▼(-3.29%Downside)

The overall score of 55 reflects significant financial challenges and unattractive valuation, partially offset by positive technical momentum. The company's operational difficulties and liquidity concerns weigh heavily on the score, despite strong recent market performance.

Nobia AB Business Overview & Revenue Model

Company Description

Nobia AB is a leading European kitchen specialist, headquartered in Stockholm, Sweden. The company designs, manufactures, and sells kitchen solutions under various strong local and international brands. Nobia operates across multiple segments focusing on the Nordics, the UK, and Central Europe, providing high-quality kitchen products and related services for both consumer and professional markets.

How the Company Makes Money

Nobia AB generates revenue through the sale of kitchen products, including cabinets, countertops, and accessories, catering to both direct consumers and through retail partners. Their revenue streams include retail sales through their own store networks and e-commerce platforms, as well as wholesale and project sales to professional clients like builders and property developers. The company benefits from strategic partnerships and a wide distribution network, enabling them to reach a diverse customer base across various regions. Additionally, Nobia leverages its strong brand portfolio to capture market share and drive sales growth in the competitive kitchen industry.

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
EBITDA	457.00M	-49.00M	723.00M	926.00M	1.79B	1.28B
Net Income	-1.27B	-1.34B	-347.00M	-2.00M	706.00M	253.00M
Balance Sheet
Total Assets	13.62B	12.30B	13.62B	12.77B	10.63B	10.09B
Cash, Cash Equivalents and Short-Term Investments	412.00M	270.00M	412.00M	340.00M	422.00M	635.00M
Total Debt	5.45B	4.97B	5.45B	3.94B	2.21B	2.47B
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: Positive
• Last Price: 5.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 5.17 is above the 20-day moving average (MA) of 4.56, above the 50-day MA of 4.14, and above the 200-day MA of 4.11, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 60.99 is Neutral, neither overbought nor oversold. The STOCH value of 81.30 is Negative, 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
CLAS.B	78 Outperform	kr21.51B	24.41	41.51%	1.25%	13.63%	73.22%
BORG	74 Outperform	kr1.51B	17.27	22.33%	2.50%	14.83%	20.70%
INWI	67 Neutral	€12.25B	22.08	9.96%	2.65%	3.91%	-5.92%
BILI.A	66 Neutral	€11.83B	18.30	12.79%	4.31%	4.48%	-21.99%
Sector *	63 Neutral	kr10.69B	16.09	4.75%	4.96%	2.02%	4.39%
BMAX	63 Neutral	kr3.34B	21.70	6.68%	1.31%	4.40%	7603.52%
NOBI	55 Neutral	kr3.38B	―	-30.98%	―	-15.66%	-101.90%

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.