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Nobia AB
(NOBI)
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Rating:45Neutral
Price Target:
kr13.00
▼(-15.14% Downside)
Action:Reiterated
Date:07/23/26
The score is primarily weighed down by weak financial performance: steep revenue contraction, deeply negative profitability, and continued negative free cash flow, despite some balance-sheet deleveraging. Technical indicators provide only moderate support with improving short-term momentum, but the stock remains in a broader downtrend relative to longer-term moving averages. Valuation is difficult to assess due to a negative P/E and no dividend yield data.
Positive Factors
Deleveraging
The reduction in debt relative to equity provides some improvement in financial resilience after the 2025 spike. A stronger equity base and lower relative leverage can reduce balance-sheet pressure and give management more flexibility to execute its turnaround over the next several quarters.
Negative Factors
Revenue Contraction
Multi-year revenue contraction indicates that the business is facing sustained pressure rather than a single weak reporting period. Shrinking sales reduce operating leverage, make fixed retail and manufacturing costs harder to absorb, and limit Nobia’s ability to rebuild profitability without a durable demand recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging
The reduction in debt relative to equity provides some improvement in financial resilience after the 2025 spike. A stronger equity base and lower relative leverage can reduce balance-sheet pressure and give management more flexibility to execute its turnaround over the next several quarters.
Read all positive factors
Nobia AB (NOBI) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr2.01B
Dividend Yield5.38%
Average Volume (3M)233.10K
Price to Earnings (P/E)―
Beta (1Y)1.09
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. Volume239,840
30 Day Avg. Volume233,105
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)0.44
Revenue Forecast (FY)kr5.65B
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 | -49.00M | 723.00M | 926.00M | 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
Negative
15.32
Price Trends
14.90
Negative
14.80
Negative
19.37
Negative
Market Momentum
-0.36
Positive
33.08
Neutral
16.47
Positive
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 15.32 is above the 20-day moving average (MA) of 13.96, above the 50-day MA of 14.90, and below the 200-day MA of 19.37, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 33.08 is Neutral, neither overbought nor oversold. The STOCH value of 16.47 is Positive, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | kr1.63B | 10.06 | ― | 2.08% | 21.69% | 98.73% | |
61 Neutral | kr616.70M | -13.39 | ― | 5.23% | -1.18% | -654.08% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr3.45B | 39.07 | ― | ― | 7.07% | ― | |
47 Neutral | kr1.51B | -6.22 | ― | 3.74% | 1.11% | -9880.65% | |
46 Neutral | kr20.26B | -10.11 | -13.22% | 8.02% | -4.86% | -1111.15% | |
45 Neutral | kr2.01B | -0.29 | -121.71% | 5.38% | -34.74% | -101.66% |
* General Sector Average
SE:NOBI
Nobia AB
13.25
-21.73
-62.13%
SE:BHG
BHG Group AB
19.24
-7.84
-28.95%
SE:ELUX.B
Electrolux AB
24.96
-3.65
-12.75%
SE:ELON
Elon AB
41.50
23.40
129.28%
SE:FG
Fasadgruppen Group AB
17.24
-11.47
-39.96%
SE:BYGGP
ByggPartner Gruppen AB
36.00
6.22
20.89%
Nobia AB Corporate Events
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...
Nobia’s Profit Rebounds on Margin Gains Amid Ongoing Restructuring
Jul 17, 2026
Nobia reported cautiously stabilising conditions in the second quarter of 2026, with net sales from continuing operations slipping 1% to SEK 1,498m but adjusted operating profit rising 45.5% to SEK 128m on an improved adjusted gross margin of 39.8...
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.