Nimbus Group AB (BOAT) AI Stock Analysis

• Market Cap: €622.42M
• Dividend Yield: N/A
• Average Volume (3M): 5.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.57
• Revenue Growth: -15.55%
• EPS Growth: -1428.30%
• Country: SE
• Employees: 403
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): -0.02
• Shares Outstanding: 42,631,184
• 10 Day Avg. Volume: 7,594
• 30 Day Avg. Volume: 5,657
• PEG Ratio: 0.05
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.43
• P/FCF Ratio: -6.26
• 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: €14.49
• Price Target Upside: -0.73% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 48 Neutral
• Price Target: kr14.50 ▼(-0.68% Downside)

The overall stock score for Nimbus Group AB is primarily influenced by its financial performance, which is under significant pressure due to declining revenues and profitability, and negative cash flows. The technical analysis provides a neutral outlook, with no strong momentum indicators. The valuation is weak due to the negative P/E ratio and lack of dividend yield, further impacting the stock's attractiveness.

Nimbus Group AB Business Overview & Revenue Model

Company Description

Nimbus Group AB (Publ) designs, manufactures, and markets recreational motorboats worldwide. The company provides the boats under the Nimbus, Alukin, Aquador, Bella, Falcon, Flipper, and Paragon Yachts brand names. It offers its products through a network of dealers, retailers, and resellers. The company was founded in 1968 and is based in Gothenburg, Sweden. Nimbus Group AB (Publ) is a subsidiary of R12 Kapital AB.

How the Company Makes Money

Nimbus Group AB makes money primarily through the sale of its leisure boats. The company's revenue model is centered around manufacturing and selling a diverse range of premium boats under the Nimbus brand and other associated brands. Key revenue streams include direct sales to customers, dealership networks, and partnerships with maritime retailers. Additionally, Nimbus Group AB may generate income from after-sales services, maintenance, and the sale of spare parts and accessories. Strategic partnerships, brand reputation, and a strong distribution network are significant factors contributing to its earnings, enabling the company to reach a wide customer base across different geographical markets.

Nimbus Group AB Financial Statement Overview

Summary

Nimbus Group AB is facing significant financial challenges, with declining revenues and profitability, negative cash flows, and a negative return on equity. While the balance sheet shows improved leverage, the overall financial health of the company is under pressure, requiring strategic interventions to stabilize and improve performance.

Income Statement

Nimbus Group AB has experienced declining revenue and profitability over the TTM period. The gross profit margin has decreased to 11.80% from 13.26% in the previous year, and the net profit margin has turned negative at -8.16%. Revenue growth has been negative, indicating a contraction in sales. The EBIT and EBITDA margins are also negative, reflecting operational challenges.

Balance Sheet

The company's balance sheet shows moderate leverage with a debt-to-equity ratio of 0.16, which is an improvement from the previous year's 0.35. However, the return on equity is negative at -11.82%, indicating that the company is not generating returns for shareholders. The equity ratio is stable, suggesting a solid capital structure.

Cash Flow

Nimbus Group AB's cash flow situation is concerning, with negative operating and free cash flows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is -0.12, indicating cash flow challenges. However, the free cash flow to net income ratio is 1.46, suggesting some efficiency in converting net income to free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.52B	1.62B	1.90B	1.75B	1.46B	927.35M
Gross Profit	179.67M	214.70M	287.56M	336.23M	292.97M	163.95M
EBITDA	-1.45M	-45.16M	145.08M	228.65M	172.30M	65.73M
Net Income	-124.21M	-61.43M	45.05M	149.64M	133.01M	76.72M
Balance Sheet
Total Assets	2.05B	2.40B	2.01B	1.57B	1.23B	691.96M
Cash, Cash Equivalents and Short-Term Investments	98.75M	5.32M	8.14M	-189.35M	153.86M	32.39M
Total Debt	183.45M	405.20M	315.04M	255.70M	118.94M	145.94M
Total Liabilities	936.19M	1.24B	1.15B	822.20M	622.41M	427.62M
Stockholders Equity	1.12B	1.16B	862.99M	748.53M	605.09M	264.34M
Cash Flow
Free Cash Flow	-135.49M	-110.06M	-82.23M	-127.53M	97.16M	175.53M
Operating Cash Flow	-93.11M	-67.86M	-20.70M	-61.68M	140.49M	205.90M
Investing Cash Flow	-39.44M	-39.40M	-132.52M	-84.58M	-154.79M	-38.64M
Financing Cash Flow	213.62M	96.95M	171.46M	-8.65M	134.29M	-145.11M

Nimbus Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.60
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BOAT, the sentiment is Positive. The current price of 14.6 is above the 20-day moving average (MA) of 14.58, below the 50-day MA of 14.64, and below the 200-day MA of 15.62, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 53.93 is Neutral, neither overbought nor oversold. The STOCH value of 70.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:BOAT.

Nimbus Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BORG	73 Outperform	€1.55B	18.24	25.24%	2.44%	10.32%	13.49%
RVRC	71 Outperform	€5.61B	20.08	22.85%	2.34%	4.62%	-6.24%
SODER	69 Neutral	€217.38M	33.04	8.09%	3.11%	5.68%	-36.16%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOI.B	54 Neutral	$6.38B	88.10	1.42%	2.58%	-7.64%	-69.69%
PIERCE	54 Neutral	€932.65M	19.05	-2.02%	―	11.32%	80.28%
BOAT	48 Neutral	€622.42M	―	-12.21%	―	-15.55%	-1428.30%