NIBE Industrier Valuation

Is NJB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NJB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NJB (€4.36) is trading below our estimate of fair value (€5.51)

Significantly Below Fair Value: NJB is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NJB?

Other financial metrics that can be useful for relative valuation.

NJB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA21.7x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does NJB's PE Ratio compare to its peers?

The above table shows the PE ratio for NJB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.2x
ST5 STEICO
28.7x21.1%€484.5m
VIB3 Villeroy & Boch
8.2x11.7%€449.6m
RAA RATIONAL
42.7x8.0%€9.4b
WUG Westag
53xn/a€136.3m
NJB NIBE Industrier
38.8x27.6%€103.1b

Price-To-Earnings vs Peers: NJB is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (33.2x).


Price to Earnings Ratio vs Industry

How does NJB's PE Ratio compare vs other companies in the European Building Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NJB is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the European Building industry average (18.6x).


Price to Earnings Ratio vs Fair Ratio

What is NJB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NJB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ratio28.3x

Price-To-Earnings vs Fair Ratio: NJB is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the estimated Fair Price-To-Earnings Ratio (28.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NJB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.36
€5.33
+22.2%
36.8%€10.64€3.01n/a14
Jun ’25€4.60
€5.37
+16.7%
35.7%€10.41€3.30n/a14
May ’25€4.35
€5.41
+24.3%
34.8%€10.34€3.28n/a14
Apr ’25€4.36
€5.87
+34.5%
31.6%€10.39€3.29n/a13
Mar ’25€5.04
€6.66
+32.2%
24.4%€10.76€4.57n/a12
Feb ’25€5.45
€6.72
+23.4%
23.3%€10.55€4.66n/a11
Jan ’25€6.50
€7.39
+13.6%
25.3%€10.44€4.35n/a10
Dec ’24€5.40
€7.39
+36.8%
25.3%€10.44€4.35n/a10
Nov ’24€5.32
€7.91
+48.6%
23.5%€10.33€4.74n/a10
Oct ’24€6.02
€8.26
+37.4%
25.0%€11.35€4.73n/a10
Sep ’24€6.90
€9.09
+31.8%
25.7%€12.64€5.73n/a9
Aug ’24€8.10
€10.57
+30.5%
21.4%€14.75€7.38n/a9
Jul ’24€8.70
€10.95
+25.8%
16.2%€14.65€8.02n/a9
Jun ’24€9.04
€10.78
+19.2%
14.8%€13.72€7.98€4.609
May ’24€10.00
€10.92
+9.2%
14.5%€13.08€7.78€4.359
Apr ’24€10.36
€10.76
+3.9%
16.5%€12.92€6.64€4.369
Mar ’24€9.73
€10.87
+11.7%
17.3%€13.21€6.78€5.048
Feb ’24€9.71
€9.90
+1.9%
19.3%€12.97€6.26€5.458
Jan ’24€9.30
€9.89
+6.3%
19.0%€12.84€6.33€6.508
Dec ’23€9.00
€9.95
+10.5%
19.0%€12.91€6.37€5.408
Nov ’23€8.10
€10.13
+25.0%
20.4%€13.60€6.39€5.328
Oct ’23€8.95
€10.53
+17.6%
19.7%€13.91€7.00€6.028
Sep ’23€9.43
€10.53
+11.6%
19.7%€13.91€7.00€6.908
Aug ’23€9.86
€10.30
+4.5%
21.3%€13.71€6.71€8.108
Jul ’23€7.29
€10.47
+43.6%
20.0%€13.62€6.67€8.708
Jun ’23€8.44
€10.47
+24.1%
20.0%€13.62€6.67€9.048

Analyst Forecast: Target price is less than 20% higher than the current share price.


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