NIBE Industrier AB (NIBE.B) AI Stock Analysis

• Market Cap: kr94.13B
• Dividend Yield: 1.38%
• Average Volume (3M): 6.81M
• Price to Earnings (P/E): 80.3
• Beta (1Y): 1.51
• Revenue Growth: -13.14%
• EPS Growth: -75.49%
• Country: SE
• Employees: 19,597
• Sector: Industrials
• Sector Strength: 88
• Industry: Construction
• EPS (TTM): 0.19
• Shares Outstanding: 1,782,936,200
• 10 Day Avg. Volume: 6,714,426
• 30 Day Avg. Volume: 6,808,535
• PEG Ratio: 1.57
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 32.28
• 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: kr39.62
• Price Target Upside: -9.95% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

NIBE Industrier AB's stock reflects a mixed outlook. The company shows solid revenue and gross profit management, but declining net profit margins and operational efficiency are concerning. While technical indicators show upward momentum, potential overbought conditions could indicate volatility. The high P/E ratio suggests overvaluation, tempered by a moderate dividend yield. Overall, strengths in revenue management are balanced by risks from profitability challenges and high valuation.

NIBE Industrier AB Business Overview & Revenue Model

Company Description

NIBE Industrier AB is a leading company in the energy sector, specializing in the development, manufacturing, and marketing of sustainable energy solutions. Headquartered in Sweden, NIBE operates across three primary business areas: Climate Solutions, Element, and Stoves. The company offers a wide range of products, including heat pumps, heating elements, and wood-burning stoves, designed to improve energy efficiency and reduce environmental impact. NIBE's commitment to innovation and sustainability positions it as a key player in the global transition towards renewable energy sources.

How the Company Makes Money

NIBE Industrier AB generates revenue through the sale of its products across its three main business segments: Climate Solutions, Element, and Stoves. The Climate Solutions segment, which includes heat pumps and ventilation products, is the largest contributor to the company's revenue, driven by increasing demand for energy-efficient heating and cooling systems. The Element segment manufactures components and solutions for various industries, including household appliances and industrial applications. The Stoves segment offers wood, gas, and electric stoves catering to both residential and commercial markets. NIBE's earnings are bolstered by its strong global presence, strategic acquisitions, and partnerships that enhance its product offerings and market reach. The company's focus on innovation and sustainability further supports its competitive advantage and revenue growth.

NIBE Industrier AB Financial Statement Overview

Summary

NIBE Industrier AB presents a mixed financial performance. While revenue and gross profit margins have shown resilience, the decline in net profit margin and operational efficiency poses concerns. The balance sheet remains solid with moderate leverage, but declining ROE is a risk. Cash flows are stable, although free cash flow availability has decreased, affecting future investment potential. Overall, the company exhibits strengths in revenue and gross profit management but faces challenges in profitability and cash flow utilization.

Income Statement

The income statement shows a stable revenue base with a slight decline in 2024 compared to 2023. Gross profit margin improved from 33.5% in 2023 to 27.1% in 2024, indicating better cost management. However, net profit margin dropped from 10.3% to 2.9%, suggesting challenges in controlling operational expenses. EBIT and EBITDA margins also declined, indicating decreased operational efficiency.

Balance Sheet

The balance sheet reflects moderate financial stability with a debt-to-equity ratio of 0.77, indicating a balanced approach to leverage. The equity ratio stands at 45.6%, showing a healthy proportion of equity financing. However, the decline in ROE from 15.9% in 2023 to 3.7% in 2024 raises concerns about the company's ability to generate returns on equity.

Cash Flow

The cash flow statement highlights robust operating cash flow, increasing by 4.6% in 2024. Despite this, the free cash flow growth was stagnant due to significant capital expenditures. The operating cash flow to net income ratio of 3.41 indicates efficient cash generation relative to net income, but the free cash flow to net income ratio shows a sharp decline from 0.80 to 3.41, suggesting reduced cash availability for discretionary purposes.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
40.52B	46.65B	40.07B	30.83B	27.15B
	Gross Profit
10.97B	15.62B	12.61B	10.20B	8.97B
	EBIT
2.67B	6.97B	5.69B	4.47B	3.88B
	EBITDA
2.67B	9.01B	7.45B	5.83B	5.11B
	Net Income Common Stockholders
1.17B	4.79B	4.35B	3.32B	2.87B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.61B	4.28B	4.82B	4.75B	4.79B
	Total Assets
70.41B	68.10B	53.99B	43.39B	38.34B
	Total Debt
24.71B	22.47B	11.14B	9.78B	10.00B
	Net Debt
19.68B	18.71B	6.52B	5.26B	5.41B
	Total Liabilities
38.27B	37.90B	26.02B	21.74B	20.60B
	Stockholders Equity
32.09B	30.16B	27.93B	21.44B	17.59B
Cash Flow		Free Cash Flow
4.01B	110.00M	373.00M	1.94B	3.89B
	Operating Cash Flow
4.01B	3.83B	2.61B	3.26B	5.02B
	Investing Cash Flow
-2.85B	-12.60B	-2.78B	-2.01B	-2.90B
	Financing Cash Flow
-64.00M	8.35B	-151.00M	-1.50B	-1.19B

NIBE Industrier AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 44.00
• 50DMA: Positive
• 100DMA: Positive
• 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:NIBE.B, the sentiment is Neutral. The current price of 44 is above the 20-day moving average (MA) of 41.33, above the 50-day MA of 40.40, and below the 200-day MA of 45.06, indicating a neutral trend. The MACD of 1.92 indicates Negative momentum. The RSI at 58.82 is Neutral, neither overbought nor oversold. The STOCH value of 73.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:NIBE.B.

NIBE Industrier AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYSR	74 Outperform	€19.09B	25.11	13.35%	1.26%	0.42%	-29.62%
SWEC.B	72 Outperform	kr60.58B	28.27	18.38%	1.95%	6.59%	34.58%
INWI	71 Outperform	kr12.69B	22.87	9.96%	2.90%	3.91%	-5.92%
LIAB	69 Neutral	kr16.90B	49.54	4.65%	2.45%	2.71%	-56.45%
PEAB.B	68 Neutral	kr24.28B	11.46	13.64%	1.82%	0.98%	5.01%
Sector *	64 Neutral	$4.39B	12.06	5.17%	249.63%	4.03%	-11.04%
NIBE.B	61 Neutral	kr94.13B	80.25	3.77%	1.38%	-13.14%	-75.49%

NIBE Industrier AB Corporate Events

NIBE Industrier AB’s Annual General Meeting Approves Key Resolutions

The Annual General Meeting of NIBE Industrier AB, held on May 15, 2025, resulted in several key resolutions including the approval of a dividend payment and the re-election of Hans Linnarson as chairman of the board. Additionally, KPMG AB was appointed as the auditor for the upcoming year, and the board was authorized to issue new shares to finance potential acquisitions, reflecting strategic moves to enhance the company’s growth and market position.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK60.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.

NIBE Industrier AB Reports Positive Q1 2024 Amidst Market Challenges

NIBE Industrier AB reported a positive first quarter in 2024, with sales reaching SEK 9,673 million, marking an end to the previous downward trend. Despite challenges such as currency fluctuations and political uncertainties, the company saw improved operating margins and stable demand across its business areas, particularly in heat pumps and electrification-related products. The company continues to adapt its strategies, including cost control and continent-based production, to maintain market presence and prepare for future growth.

The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK60.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.