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Nobia AB
(NOBI)
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Rating:44Neutral
Price Target:
kr13.00
▼(-15.14% Downside)
Action:Reiterated
Date:10/23/26
The score is held down primarily by weak financial performance—sharp revenue declines, deeply negative margins, and persistently negative free cash flow—with balance-sheet risk still meaningful despite some leverage improvement. Technicals add pressure with the stock trading below key moving averages and a negative MACD. Valuation is not a clear positive due to the negative P/E tied to losses and no provided dividend yield.
Positive Factors
Multi-channel kitchen business
Nobia’s combination of branded kitchen offerings, owned retail formats, digital lead generation, and professional-customer sales provides multiple routes to demand. This channel breadth can support customer reach and order conversion across consumer renovation and trade project markets over the medium term.
Negative Factors
Sharp revenue contraction
Persistent revenue contraction points to weakening demand or reduced business scale rather than a temporary quarterly fluctuation. A smaller revenue base makes it harder to absorb fixed retail, manufacturing, and operating costs, limiting the company’s ability to restore profitability without a sustained sales recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-channel kitchen business
Nobia’s combination of branded kitchen offerings, owned retail formats, digital lead generation, and professional-customer sales provides multiple routes to demand. This channel breadth can support customer reach and order conversion across consumer renovation and trade project markets over the medium term.
Read all positive factors
Nobia AB (NOBI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.02B
Dividend Yield5.38%
Average Volume (3M)240.31K
Price to Earnings (P/E)―
Beta (1Y)1.05
Revenue Growth-34.74%
EPS Growth-101.66%
CountrySE
Employees2,027
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-45.81
Shares Outstanding151,631,600
10 Day Avg. Volume253,788
30 Day Avg. Volume240,306
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)>-0.01
Revenue Forecast (FY)kr5.66B
Nobia AB Business Overview & Revenue Model
Company Description
Nobia AB (publ) specializes in the development, manufacturing, and sale of comprehensive kitchen solutions for both household consumers and professional clients. The company's extensive product catalog features a wide array of kitchen elements, in...
How the Company Makes Money
Nobia primarily makes money by selling complete kitchen solutions and related products and services. Its core revenue stream comes from designing and supplying fitted kitchens (typically including cabinetry/furniture and selected components) to co...
Nobia AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.37B | 5.62B | 10.54B | 13.37B | 14.93B | 13.72B |
| Gross Profit | 1.03B | 1.90B | 3.84B | 4.64B | 5.36B | 5.28B |
| EBITDA | -1.23B | 479.00M | -31.00M | 723.00M | 947.00M | 1.81B |
| Net Income | -2.23B | -2.97B | -1.34B | -347.00M | -2.00M | 706.00M |
Balance Sheet | ||||||
| Total Assets | 7.70B | 9.04B | 12.30B | 13.62B | 12.77B | 10.63B |
| Cash, Cash Equivalents and Short-Term Investments | 171.00M | 39.00M | 270.00M | 412.00M | 340.00M | 422.00M |
| Total Debt | 3.37B | 4.46B | 4.97B | 5.45B | 3.94B | 2.21B |
| Total Liabilities | 5.52B | 8.09B | 7.97B | 9.29B | 8.06B | 5.71B |
| Stockholders Equity | 2.18B | 947.00M | 4.32B | 4.33B | 4.71B | 4.92B |
Cash Flow | ||||||
| Free Cash Flow | -281.00M | -345.00M | -677.00M | -827.00M | -765.00M | 648.00M |
| Operating Cash Flow | 126.00M | 154.00M | 210.00M | 890.00M | 919.00M | 1.54B |
| Investing Cash Flow | -406.00M | -420.00M | 727.00M | -1.68B | -1.72B | -868.00M |
| Financing Cash Flow | 399.00M | 8.00M | -1.04B | 868.00M | 658.00M | -932.00M |
Nobia AB Technical Analysis
Neutral
15.32
Price Trends
13.99
Negative
14.30
Negative
17.83
Negative
Market Momentum
-0.22
Negative
45.89
Neutral
58.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NOBI, the sentiment is Neutral. The current price of 15.32 is above the 20-day moving average (MA) of 13.23, above the 50-day MA of 13.99, and below the 200-day MA of 17.83, indicating a neutral trend. The MACD of -0.22 indicates Negative momentum. The RSI at 45.89 is Neutral, neither overbought nor oversold. The STOCH value of 58.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | kr1.67B | 9.27 | ― | 2.03% | 23.00% | 66.32% | |
59 Neutral | kr658.31M | -14.29 | ― | 5.23% | -1.18% | -654.08% | |
57 Neutral | kr4.43B | 29.43 | ― | ― | 7.48% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | kr21.85B | -7.39 | -14.85% | 8.02% | -2.98% | -417.18% | |
47 Neutral | kr1.30B | -5.36 | ― | 3.74% | 1.11% | -9880.65% | |
44 Neutral | kr2.02B | -0.29 | -121.71% | 5.38% | -34.74% | -101.66% |
* General Sector Average
SE:NOBI
Nobia AB
13.35
-19.07
-58.82%
SE:BHG
BHG Group AB
24.72
-4.46
-15.28%
SE:ELUX.B
Electrolux AB
26.90
-4.48
-14.28%
SE:ELON
Elon AB
44.30
25.50
135.64%
SE:FG
Fasadgruppen Group AB
14.86
-11.07
-42.69%
SE:BYGGP
ByggPartner Gruppen AB
36.90
6.24
20.34%
Nobia AB Corporate Events
Nobia Taps Flying Tiger Executive Julius Schmidt to Drive HTH’s Nordic Expansion
Oct 27, 2026
Nobia has appointed retail executive Julius Schmidt as Executive Vice President of its HTH brand, effective 1 January 2027, and he will join the group’s Executive Committee. Schmidt succeeds Jesper Gylling Olsen, who became Nobia’s Pre...
Nobia schedules Q3 2026 report release and investor conference call
Oct 20, 2026
Nobia AB will release its interim report for the third quarter of 2026 on 4 November at 08:30 CET and follow it with a webcasted telephone conference at 10:00 CET, led by President and CEO Jesper Gylling Olsen and CFO Rasmus Sylvester Nørgree...
Nobia Updates Nomination Committee Ahead of 2027 AGM
Sep 11, 2026
Nobia AB has announced changes to its Nomination Committee ahead of the 2027 Annual General Meeting, with Viktoria Voskressenskaia replacing Erik Durhan as the representative of major shareholder Lannebo. The reshuffle reflects ongoing adjustments...
Nobia Names New Group COO to Drive Consolidated Supply Chain Strategy
Sep 10, 2026
Nobia AB has appointed Magnus Hartlén as Executive Vice President and Group Chief Operating Officer, effective 1 January 2027, adding him to the Group’s Executive Committee to lead its newly formed Operations function. Hartlén will...
Nobia Reshapes Group Structure and Leadership to Drive Nordic Growth
Aug 12, 2026
Nobia AB has unveiled a new group structure and executive committee to support its Nordic-focused strategy, improve profitability and enable future growth. The reorganisation is designed to better leverage scale and brand assets by consolidating t...
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.