OM:NIBE B

Stock Analysis Report

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.


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 BIndustryMarket
7 Day10.5%2.7%4.5%
30 Day-17.9%-24.2%-23.1%
90 Day-15.3%-22.4%-23.8%
1 Year17.7%16.5%-6.2%-7.7%-7.4%-10.2%
3 Year99.8%93.6%11.6%5.5%-0.2%-15.4%
5 Year181.6%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

Valuation

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

TodayMar 28 2020Ex Dividend DateMay 15 2020Dividend Pay DateMay 22 20207 days from Ex DividendBuy in the next 47 days to receive the upcoming dividend

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

NamePositionTenureCompensationOwnership
Gerteric Lindquist
CEO, MD & Directorno datakr6.32m4.6% SEK3.2b
Anders Pålsson
Independent Director9.83yrskr360.00k0.0045% SEK3.2m
Georg Brunstam
Director17.17yrskr360.00k0.00036% SEK251.7k
Hans Linnarson
Independent Chairman4.58yrskr720.00k0.00018% SEK125.8k
Helene Richmond
Independent Director4.58yrskr360.00k0.0018% SEK1.3m
Jenny Sjödahl
Independent director2.17yrskr360.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NIBE BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJun 1997
NJBCDB (Deutsche Boerse AG)YesClass B SharesDEEURJun 1997
0RH0LSE (London Stock Exchange)YesClass B SharesGBSEKJun 1997
NIBEBSWX (SIX Swiss Exchange)YesClass B SharesCHCHFJun 1997
NIBEBZBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBCHFJun 1997
NDRB.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJun 1997
NIBEBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 21:27
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.