NIBE Industrier
Market Cap
kr69.9b
Last Updated
2020/03/27 21:27 UTC
Data Sources
Company Financials +
Executive Summary
NIBE Industrier AB (publ), together with its subsidiaries, operates as a heating technology company in Nordic countries, Rest of Europe, North America, Australia, Asia, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has NIBE Industrier's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NIBE B's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.5%
NIBE B
2.7%
SE Building
4.5%
SE Market
1 Year Return
16.5%
NIBE B
-7.7%
SE Building
-10.2%
SE Market
Return vs Industry: NIBE B exceeded the Swedish Building industry which returned -2.2% over the past year.
Return vs Market: NIBE B exceeded the Swedish Market which returned -7.1% over the past year.
Shareholder returns
| NIBE B | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.5% | 2.7% | 4.5% |
| 30 Day | -17.9% | -24.2% | -23.1% |
| 90 Day | -15.3% | -22.4% | -23.8% |
| 1 Year | 17.7%16.5% | -6.2%-7.7% | -7.4%-10.2% |
| 3 Year | 99.8%93.6% | 11.6%5.5% | -0.2%-15.4% |
| 5 Year | 181.6%154.3% | 27.9%17.4% | 8.5%-14.7% |
Price Volatility Vs. Market
How volatile is NIBE Industrier's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
What Did NIBE Industrier AB (publ)'s (STO:NIBE B) CEO Take Home Last Year?2 weeks ago | Simply Wall St
Has NIBE Industrier AB (publ) (STO:NIBE B) Improved Earnings Growth In Recent Times?3 weeks ago | Simply Wall St
Niklas Gunnarsson of NIBE Industrier AB (publ) (STO:NIBE B) Just Spent kr189k On SharesValuation
Is NIBE Industrier undervalued compared to its fair value and its price relative to the market?
32.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NIBE B (SEK138.7) is trading above our estimate of fair value (SEK105.16)
Significantly Below Fair Value: NIBE B is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NIBE B is poor value based on its PE Ratio (32.2x) compared to the Building industry average (16.1x).
PE vs Market: NIBE B is poor value based on its PE Ratio (32.2x) compared to the Swedish market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: NIBE B is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: NIBE B is overvalued based on its PB Ratio (4x) compared to the SE Building industry average (1.9x).
Next Steps
Future Growth
How is NIBE Industrier forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
9.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NIBE B's forecast earnings growth (9.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: NIBE B's earnings (9.3% per year) are forecast to grow faster than the Swedish market (7.8% per year).
High Growth Earnings: NIBE B's earnings are forecast to grow, but not significantly.
Revenue vs Market: NIBE B's revenue (5.7% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: NIBE B's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NIBE B's Return on Equity is forecast to be low in 3 years time (13.4%).
Next Steps
Past Performance
How has NIBE Industrier performed over the past 5 years?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NIBE B has high quality earnings.
Growing Profit Margin: NIBE B's current net profit margins (8.6%) are lower than last year (9.2%).
Past Earnings Growth Analysis
Earnings Trend: NIBE B's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: NIBE B's earnings growth over the past year (4.6%) is below its 5-year average (16.6% per year).
Earnings vs Industry: NIBE B earnings growth over the past year (4.6%) underperformed the Building industry 20.7%.
Return on Equity
High ROE: NIBE B's Return on Equity (12.4%) is considered low.
Next Steps
Financial Health
How is NIBE Industrier's financial position?
Financial Position Analysis
Short Term Liabilities: NIBE B's short term assets (SEK13.0B) exceed its short term liabilities (SEK7.2B).
Long Term Liabilities: NIBE B's short term assets (SEK13.0B) exceed its long term liabilities (SEK12.4B).
Debt to Equity History and Analysis
Debt Level: NIBE B's debt to equity ratio (60.5%) is considered high.
Reducing Debt: NIBE B's debt to equity ratio has reduced from 114.8% to 60.5% over the past 5 years.
Debt Coverage: NIBE B's debt is well covered by operating cash flow (27.8%).
Interest Coverage: NIBE B's interest payments on its debt are well covered by EBIT (15x coverage).
Balance Sheet
Inventory Level: NIBE B has a high level of physical assets or inventory.
Debt Coverage by Assets: NIBE B's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is NIBE Industrier's current dividend yield, its reliability and sustainability?
1.01%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NIBE B's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (2.1%).
High Dividend: NIBE B's dividend (1.01%) is low compared to the top 25% of dividend payers in the Swedish market (6.51%).
Stability and Growth of Payments
Stable Dividend: NIBE B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are stable.
Growing Dividend: NIBE B is not paying a notable dividend for the Swedish market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: NIBE B is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NIBE B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average board tenure
CEO
Gerteric Lindquist (68yo)
no data
Tenure
kr6,324,000
Compensation
Mr. Gerteric Lindquist serves as the Chief Executive Officer and Managing Director of NIBE Industrier AB (publ) and served as its President. Mr. Lindquist also serves as the Chief Executive Officer and Man ...
CEO Compensation Analysis
Compensation vs Market: Gerteric's total compensation ($USD636.19K) is below average for companies of similar size in the Swedish market ($USD1.37M).
Compensation vs Earnings: Gerteric's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | no data | kr6.32m | 4.6% SEK3.2b | |
| Independent Director | 9.83yrs | kr360.00k | 0.0045% SEK3.2m | |
| Director | 17.17yrs | kr360.00k | 0.00036% SEK251.7k | |
| Independent Chairman | 4.58yrs | kr720.00k | 0.00018% SEK125.8k | |
| Independent Director | 4.58yrs | kr360.00k | 0.0018% SEK1.3m | |
| Independent director | 2.17yrs | kr360.00k | no data |
7.2yrs
Average Tenure
61.5yo
Average Age
Experienced Board: NIBE B's board of directors are considered experienced (7.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NIBE B insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
NIBE Industrier AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: NIBE Industrier AB (publ)
- Ticker: NIBE B
- Exchange: OM
- Founded:
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: kr69.907b
- Shares outstanding: 504.02m
- Website: https://www.nibe.com
Number of Employees
Location
- NIBE Industrier AB (publ)
- Hannabadsvägen 5
- Markaryd
- Kronoberg County
- 285 21
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NIBE B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Jun 1997 |
| NJBC | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jun 1997 |
| 0RH0 | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Jun 1997 |
| NIBEB | SWX (SIX Swiss Exchange) | Yes | Class B Shares | CH | CHF | Jun 1997 |
| NIBEBZ | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | CHF | Jun 1997 |
| NDRB.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Jun 1997 |
| NIBEBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Jun 1997 |
Biography
NIBE Industrier AB (publ), together with its subsidiaries, operates as a heating technology company in Nordic countries, Rest of Europe, North America, Australia, Asia, and internationally. The company operates in three business areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves. The NIBE Climate Solutions business area manufactures and sells indoor climate comfort products, such as heat pumps, ventilation products and air conditioning, climate control systems, water heaters and accumulator tanks, district heating products, solar panels, domestic boilers, commercial washing machines, and tumble dryers for heating, cooling, heat recovery, and hot water applications in homes, apartment blocks, and commercial properties. The NIBE Element business area is involved in the manufacture and sale of components and solutions for measuring, controlling, and heating applications, which include tubular, aluminum, foil, thick film, PTC, high-power, and ceramic elements, as well as open spirals and tapes, heating cables and jackets, vacuum brazings, heat pump technology, resistors, and control equipment. The NIBE Stoves business area provides free-standing stoves, steel and stone surround inserts, wood-burning inserts for fireplaces, heat-retaining products, and chimney systems, as well as accessories comprising floor panels, wood storage, and connection pipes. NIBE Industrier AB (publ) is headquartered in Markaryd, Sweden.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/27 21:27 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.