Nobia AB (SE:NOBI)
:NOBI
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Nobia AB
(NOBI)
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Rating:44Neutral
Price Target:
kr2.00
▼(-53.92% Downside)
Action:ReiteratedDate:03/28/26
The score is held down primarily by deteriorating fundamentals (shrinking revenue, sustained losses, and negative free cash flow) alongside increased balance-sheet stress. Technicals also reflect a clear downtrend (below key moving averages and negative MACD), while valuation provides only limited support because earnings are negative and no dividend yield is available.
Positive Factors
Vertical integration
Owning manufacturing and sourcing gives durable margin control and cost flexibility versus pure distributors. Over 2–6 months this supports margin recovery levers (pricing, input sourcing, SKU rationalization) and shields gross profit from third‑party supplier shocks.
Negative Factors
Collapsing revenue and sustained losses
A steep, persistent revenue decline and multi-year losses indicate structural demand or competitive issues that erode scale economics. Reduced scale raises fixed cost absorption challenges and makes margin recovery and return to sustainable profitability harder over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Owning manufacturing and sourcing gives durable margin control and cost flexibility versus pure distributors. Over 2–6 months this supports margin recovery levers (pricing, input sourcing, SKU rationalization) and shields gross profit from third‑party supplier shocks.
Read all positive factors
Nobia AB (NOBI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.85B
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth-9.81%
EPS Growth-200.79%
CountrySE
Employees4,042
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-1.64
Shares Outstanding1,516,316,000
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)0.15
Revenue Forecast (FY)kr5.65B
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
27
Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.62B | 10.54B | 13.37B | 14.93B | 13.72B |
| Gross Profit | 1.90B | 3.84B | 4.64B | 5.36B | 5.28B |
| EBITDA | 479.00M | -49.00M | 723.00M | 926.00M | 1.81B |
| Net Income | -2.97B | -1.34B | -347.00M | -2.00M | 706.00M |
Balance Sheet | |||||
| Total Assets | 9.04B | 12.30B | 13.62B | 12.77B | 10.63B |
| Cash, Cash Equivalents and Short-Term Investments | 39.00M | 270.00M | 412.00M | 340.00M | 422.00M |
| Total Debt | 5.79B | 4.97B | 5.45B | 3.94B | 2.21B |
| Total Liabilities | 8.09B | 7.97B | 9.29B | 8.06B | 5.71B |
| Stockholders Equity | 947.00M | 4.32B | 4.33B | 4.71B | 4.92B |
Cash Flow | |||||
| Free Cash Flow | -345.00M | -677.00M | -827.00M | -765.00M | 648.00M |
| Operating Cash Flow | 154.00M | 210.00M | 890.00M | 919.00M | 1.54B |
| Investing Cash Flow | -420.00M | 727.00M | -1.68B | -1.72B | -868.00M |
| Financing Cash Flow | 8.00M | -1.04B | 868.00M | 658.00M | -932.00M |
Nobia AB Technical Analysis
Negative
4.34
Price Trends
2.42
Negative
2.64
Negative
2.98
Negative
Market Momentum
-0.15
Positive
29.26
Positive
28.53
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 above the 20-day moving average (MA) of 2.10, above the 50-day MA of 2.42, and above the 200-day MA of 2.98, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 29.26 is Positive, neither overbought nor oversold. The STOCH value of 28.53 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | kr7.15B | 12.87 | 25.41% | 2.02% | 6.44% | 0.49% | |
70 Outperform | kr1.78B | 17.16 | 23.44% | 4.95% | 9.20% | 11.72% | |
62 Neutral | kr160.29M | 25.78 | 6.37% | 3.38% | 2.88% | -51.00% | |
61 Neutral | kr3.20B | 16.85 | 7.24% | 1.40% | 4.04% | 433.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | kr552.07M | -2.77 | -11.15% | ― | -17.48% | 20.08% | |
44 Neutral | kr2.85B | -0.98 | -83.34% | ― | -9.81% | -200.79% |
* General Sector Average
SE:NOBI
Nobia AB
1.88
-0.31
-14.17%
SE:BOAT
Nimbus Group AB
12.95
-1.35
-9.44%
SE:SODER
Soder Sportfiske AB
18.95
-6.25
-24.80%
SE:RVRC
RVRC Holding AB
66.65
26.60
66.42%
SE:BMAX
Byggmax Group AB
54.50
9.24
20.42%
SE:BORG
Bjorn Borg AB
70.90
26.32
59.02%
Nobia AB Corporate Events
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...
Nobia Sets Final Terms for Fully Guaranteed Rights Issue to Fund Refinancing
Feb 11, 2026
Nobia AB has set the final terms for a fully guaranteed rights issue aimed at reinforcing its capital structure and securing long-term financing. The issue will strengthen Nobia’s ability to execute its strategy and maintain its position as ...
Nobia Tightens Focus on Nordics as Losses Deepen and Rights Issue Announced
Feb 5, 2026
In its 2025 year-end report, Nobia posted essentially flat fourth-quarter net sales of SEK 1,400m from continuing operations, with an organic sales increase of 3% but a swing to an operating loss of SEK 50m due to items affecting comparability tie...
Nobia to Present 2025 Year-End Results on 5 February
Jan 21, 2026
Nobia has announced that it will publish its year-end report for 2025 on Thursday, 5 February at 08:30 CET, providing investors and other stakeholders with an update on the company’s financial performance and operational development. On the ...
Nobia Calls Extraordinary General Meeting to Reshape Capital Structure
Jan 14, 2026
Nobia AB has convened an extraordinary general meeting (EGM) for 18 February 2026 in Stockholm, calling on shareholders registered with Euroclear Sweden by 10 February and duly notified by 12 February to participate, either in person or via proxy....
Nobia Sheds UK Unit to Refocus on Higher-Margin Nordic Kitchen Business
Jan 14, 2026
Nobia AB has agreed to divest its loss-making UK operations, including the Magnet, Gower, Commodore and CIE brands, to funds managed by Alteri Partners, in a move that sharpens its strategic focus on core Nordic markets where it enjoys stronger br...
Nobia Launches SEK 1.5 Billion Rights Issue and Reshapes Financing to Bolster Nordic Focus
Jan 14, 2026
Nobia’s board has approved a fully guaranteed rights issue of approximately SEK 1.5 billion and secured a commitment to amend and extend its SEK 3.45 billion revolving credit facilities, strengthening the group’s balance sheet and long...
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.