NIBE-B Stock Analysis: NIBE Industrier (publ) | ST
Building Products & Equipment | ST, Sweden | Market Cap: 74.715m SEK | 12M Return: -17.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 202M
EPS Trend: -68.6%
Qual. Beats: 0
Rev. Trend: -85.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
NIBE Industrier AB (publ) is a Swedish industrial company founded in 1949 and headquartered in Markaryd, Sweden. It develops, manufactures, markets, and sells energy-efficient solutions through three business areas: NIBE Climate Solutions (heat pumps, water heaters, ventilation, refrigeration, and district heating products for residential and commercial properties), NIBE Element (heating components and control solutions such as tubular, foil, and PTC elements, heat exchangers, and sensors serving appliance, energy, transport, and aviation sectors), and NIBE Stoves (wood-burning, gas, and electric stoves, fireplaces, inserts, and chimney systems). The company operates across the Nordics, the rest of Europe, North America, and other international markets.
NIBE is classified under the GICS Industrials sector and the Building Products sub-industry, reflecting its focus on components and systems tied to building heating, cooling, and climate control. Its business model is built around a diversified portfolio of branded climate and heating brands acquired and integrated over decades, combining organic product development with acquisitions across global heating and ventilation markets.
- European heat pump subsidies boost Climate Solutions revenue growth
- Acquisition pace moderates as management focuses on margin recovery
- Weak European housing market pressures stove and heating demand
| Net Income: 2.39b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.20 > 1.0 |
| NWC/Revenue: 20.52% < 20% (prev 17.89%; Δ 2.63% < -1%) |
| CFO/TA 0.08 > 3% & CFO 5.18b > Net Income 2.39b |
| Net Debt (19.4b) to EBITDA (6.27b): 3.10 < 3 |
| Current Ratio: 1.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.02b) vs 12m ago -2.28% < -2% |
| Gross Margin: 31.79% > 18% (prev 29.82%; Δ 1.96% > 0.5%) |
| Asset Turnover: 61.44% > 50% (prev 61.68%; Δ -0.24% > 0%) |
| Interest Coverage Ratio: 4.57 > 6 (EBIT TTM 4.09b / Interest Expense TTM 895.0m) |
| A: 0.13 (Total Current Assets 22.4b - Total Current Liabilities 14.1b) / Total Assets 66.9b |
| B: 0.36 (Retained Earnings 24.2b / Total Assets 66.9b) |
| C: 0.06 (EBIT TTM 4.09b / Avg Total Assets 66.4b) |
| D: 0.90 (Book Value of Equity 31.6b / Total Liabilities 35.3b) |
| Altman-Z'' = 3.36 = A |
| DSRI: 1.02 (Receivables 7.44b/7.25b, Revenue 40.8b/40.7b) |
| GMI: 0.94 (GM 29.82% / 31.79%) |
| AQI: 0.99 (AQ_t 0.47 / AQ_t-1 0.48) |
| SGI: 1.00 (Revenue 40.8b / 40.7b) |
| TATA: -0.04 (NI 2.39b - CFO 5.18b) / TA 66.9b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of July 29, 2026, the stock is trading at SEK 37.05 with a total of 3,595,831 shares traded. Over the past week, the price has changed by +0.35%, over one month by +3.78%, over three months by -11.01% and over the past year by -17.87%.
Current recommended Stop Loss: 35.20 (which is 5% or 1.9 ATR below the current price).
NIBE Industrier (publ) has no consensus analysts rating.
P/E Trailing = 31.1429
P/E Forward = 22.9885
P/S = 1.8305
P/B = 2.3623
P/EG = 1.7922
Revenue TTM = 40.8b SEK
EBIT TTM = 4.09b SEK
EBITDA TTM = 6.27b SEK
Long Term Debt = 16.5b SEK (from longTermDebt, last quarter)
Short Term Debt = 6.29b SEK (from shortTermDebt, last quarter)
Debt = 24.9b SEK (from shortLongTermDebtTotal, last quarter) + Leases 2.16b
Net Debt = 19.4b SEK (calculated: Debt 24.9b - CCE 5.51b)
Enterprise Value = 94.1b SEK (74.7b + Debt 24.9b - CCE 5.51b)
Interest Coverage Ratio = 4.57 (Ebit TTM 4.09b / Interest Expense TTM 895.0m)
EV/FCF = 28.68x (Enterprise Value 94.1b / FCF TTM 3.28b)
FCF Yield = 3.49% (FCF TTM 3.28b / Enterprise Value 94.1b)
FCF Margin = 8.04% (FCF TTM 3.28b / Revenue TTM 40.8b)
Net Margin = 5.86% (Net Income TTM 2.39b / Revenue TTM 40.8b)
Gross Margin = 31.79% ((Revenue TTM 40.8b - Cost of Revenue TTM 27.8b) / Revenue TTM)
Gross Margin QoQ = 30.86% (prev 33.57%)
Tobins Q-Ratio = 1.41 (Enterprise Value 94.1b / Total Assets 66.9b)
Interest Expense / Debt = 3.59% (Interest Expense 895.0m / Debt 24.9b)
Taxrate = 27.83% (923.0m / 3.32b)
NOPAT = 2.95b (EBIT 4.09b * (1 - 27.83%))
Current Ratio = 1.60 (Total Current Assets 22.4b / Total Current Liabilities 14.1b)
Debt / Equity = 0.79 (Debt 24.9b / totalStockholderEquity, last quarter 31.6b)
Debt / EBITDA = 3.10 (Net Debt 19.4b / EBITDA 6.27b)
Debt / FCF = 5.91 (Net Debt 19.4b / FCF TTM 3.28b)
Total Stockholder Equity = 30.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.60% (Net Income 2.39b / Total Assets 66.9b)
RoE = 7.85% (Net Income TTM 2.39b / Total Stockholder Equity 30.4b)
RoCE = 8.72% (EBIT 4.09b / Capital Employed (Equity 30.4b + L.T.Debt 16.5b))
RoIC = 5.17% (NOPAT 2.95b / Invested Capital 57.1b)
WACC = 7.74% (E(74.7b)/V(99.6b) * Re(9.46%) + D(24.9b)/V(99.6b) * Rd(3.59%) * (1-Tc(0.28)))
Discount Rate = 9.46% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 29.94 | Cagr: 0.0%
[DCF] Terminal Value 76.16% ; FCFF base≈3.21b ; Y1≈3.38b ; Y5≈3.92b
[DCF] Fair Price = 22.99 (EV 60.4b - Net Debt 19.4b = Equity 41.0b / Shares 1.78b; r=8.35% [WACC [floored]]; 5y FCF grow 5.67% → 2.50% )
EPS Correlation: -68.56 | EPS CAGR: -27.49% | SUE: 0.0 | # QB: 0
Revenue Correlation: -85.83 | Revenue CAGR: -5.22% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=-2.04% | Revisions=-40% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.46 | Chg30d=-0.37% | Revisions=+0% | Analysts=6
EPS current Year (2026-12-31): EPS=1.64 | Chg30d=-0.58% | Revisions=-17% | GrowthEPS=+36.6% | GrowthRev=+5.3%
EPS next Year (2027-12-31): EPS=1.98 | Chg30d=-0.18% | Revisions=+17% | GrowthEPS=+20.6% | GrowthRev=+7.7%
[Analyst] Revisions Ratio: -15% (up=4, down=6)