NIBE Industrier
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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 last earnings update was 7 days ago. More info.
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NIBE B Share Price and Events
7 Day Returns
1 Year Returns
NIBE B Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| NIBE Industrier (NIBE B) | 0.8% | 10.1% | 22.1% | 43.2% | 81.3% | 181.2% |
| SE Building | 1.4% | 9.1% | 24.6% | 21.5% | 35.1% | 96.1% |
| SE Market | 1.2% | 4.9% | 10.1% | 4.4% | 15.1% | 25.4% |
1 Year Return vs Industry and Market
- NIBE B outperformed the Building industry which returned 21.5% over the past year.
- NIBE B outperformed the Market in Sweden which returned 4.4% over the past year.
NIBE B Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
NIBE Industrier
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for NIBE Industrier.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Building Unlevered Beta | Simply Wall St/ S&P Global | 1.18 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.178 (1 + (1- 22%) (13.89%)) |
1.205 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.205 * 5.96%) |
7.62% |
Discounted Cash Flow Calculation for OM:NIBE B using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for NIBE Industrier is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (SEK, Millions) | Source |
Present Value Discounted (@ 7.62%) |
|
|---|---|---|---|
| 2019 | 1,903.00 | Analyst x4 | 1,768.34 |
| 2020 | 2,365.75 | Analyst x4 | 2,042.79 |
| 2021 | 2,491.33 | Analyst x3 | 1,999.00 |
| 2022 | 2,584.82 | Est @ 3.75% | 1,927.25 |
| 2023 | 2,656.08 | Est @ 2.76% | 1,840.25 |
| 2024 | 2,710.81 | Est @ 2.06% | 1,745.26 |
| 2025 | 2,753.43 | Est @ 1.57% | 1,647.27 |
| 2026 | 2,787.33 | Est @ 1.23% | 1,549.55 |
| 2027 | 2,814.98 | Est @ 0.99% | 1,454.18 |
| 2028 | 2,838.19 | Est @ 0.82% | 1,362.43 |
| Present value of next 10 years cash flows | SEK17,336.32 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= SEK2,838.19 × (1 + 0.43%) ÷ (7.62% – 0.43%) |
SEK39,696.80 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SEK39,696.80 ÷ (1 + 7.62%)10 |
SEK19,055.77 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SEK17,336.32 + SEK19,055.77 |
SEK36,392.09 |
| Equity Value per Share (SEK) |
= Total value / Shares Outstanding
= SEK36,392.09 / 504.02 |
SEK72.2 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK72.20 |
| Current discount | Discount to share price of
SEK126.05
= -1 x (SEK126.05 - SEK72.20) / SEK72.20 |
-74.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of NIBE Industrier is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for NIBE Industrier's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
NIBE Industrier's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in SEK | SEK4.11 |
| OM:NIBE B Share Price ** | OM (2019-04-18) in SEK | SEK126.05 |
| Sweden Building Industry PE Ratio | Median Figure of 11 Publicly-Listed Building Companies | 20.36x |
| Sweden Market PE Ratio | Median Figure of 322 Publicly-Listed Companies | 16.98x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of NIBE Industrier.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:NIBE B Share Price ÷ EPS (both in SEK) = 126.05 ÷ 4.11 |
30.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NIBE Industrier is overvalued based on earnings compared to the SE Building industry average.
- NIBE Industrier is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does
NIBE Industrier's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 30.63x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
9.1%per year |
| Sweden Building Industry PEG Ratio | Median Figure of 7 Publicly-Listed Building Companies | 1.38x |
| Sweden Market PEG Ratio | Median Figure of 233 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 30.63x ÷ 9.1% |
3.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NIBE Industrier is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
NIBE Industrier's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in SEK | SEK30.57 |
| OM:NIBE B Share Price * | OM (2019-04-18) in SEK | SEK126.05 |
| Sweden Building Industry PB Ratio | Median Figure of 13 Publicly-Listed Building Companies | 2.53x |
| Sweden Market PB Ratio | Median Figure of 566 Publicly-Listed Companies | 2.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:NIBE B Share Price ÷ Book Value per Share (both in SEK) = 126.05 ÷ 30.57 |
4.12x |
* Primary Listing of NIBE Industrier.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NIBE Industrier is overvalued based on assets compared to the SE Building industry average.
Value checks
We assess NIBE Industrier's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Building industry average (and greater than 0)? (1 check) NIBE Industrier has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NIBE B Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- NIBE Industrier's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- NIBE Industrier's earnings growth is expected to exceed the Sweden market average.
- NIBE Industrier's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:NIBE B Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 9.1% |
| OM:NIBE B Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 6.8% |
| Sweden Building Industry Earnings Growth Rate | Market Cap Weighted Average | 27.9% |
| Sweden Building Industry Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.4% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 27,787 | 3,243 | 2,730 | 4 |
| 2020-12-31 | 26,377 | 3,034 | 2,532 | 4 |
| 2019-12-31 | 25,041 | 2,525 | 2,311 | 4 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 22,516 | 1,888 | 2,074 |
| 2018-09-30 | 21,374 | 1,546 | 1,953 |
| 2018-06-30 | 20,233 | 1,555 | 1,828 |
| 2018-03-31 | 19,501 | 1,979 | 1,746 |
| 2017-12-31 | 19,009 | 2,123 | 1,703 |
| 2017-09-30 | 18,523 | 2,081 | 1,611 |
| 2017-06-30 | 18,014 | 2,109 | 1,547 |
| 2017-03-31 | 16,676 | 1,878 | 1,468 |
| 2016-12-31 | 15,348 | 1,771 | 1,376 |
| 2016-09-30 | 14,210 | 1,986 | 1,322 |
| 2016-06-30 | 13,471 | 1,913 | 1,278 |
| 2016-03-31 | 13,335 | 1,873 | 1,268 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from NIBE Industrier Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5.42 | 5.63 | 4.99 | 4.00 |
| 2020-12-31 | 5.02 | 5.22 | 4.66 | 4.00 |
| 2019-12-31 | 4.58 | 4.82 | 4.36 | 4.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2018-12-31 | 4.11 |
| 2018-09-30 | 3.87 |
| 2018-06-30 | 3.63 |
| 2018-03-31 | 3.46 |
| 2017-12-31 | 3.38 |
| 2017-09-30 | 3.22 |
| 2017-06-30 | 3.09 |
| 2017-03-31 | 3.03 |
| 2016-12-31 | 2.93 |
| 2016-09-30 | 2.76 |
| 2016-06-30 | 2.76 |
| 2016-03-31 | 2.74 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess NIBE Industrier's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
NIBE Industrier has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NIBE B Past Performance
How has NIBE Industrier performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- NIBE Industrier's year on year earnings growth rate has been positive over the past 5 years.
- NIBE Industrier's 1-year earnings growth exceeds its 5-year average (21.8% vs 17.4%)
- NIBE Industrier's earnings growth has exceeded the SE Building industry average in the past year (21.8% vs 11.3%).
Earnings and Revenue History
All data from NIBE Industrier Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 22,516.00 | 2,074.00 | 4,870.00 | |
| 2018-09-30 | 21,374.00 | 1,953.00 | 4,704.00 | |
| 2018-06-30 | 20,233.00 | 1,828.00 | 4,512.00 | |
| 2018-03-31 | 19,501.00 | 1,746.00 | 4,419.00 | |
| 2017-12-31 | 19,009.00 | 1,703.00 | 4,346.00 | |
| 2017-09-30 | 18,523.00 | 1,611.00 | 4,316.00 | |
| 2017-06-30 | 18,014.00 | 1,547.00 | 4,220.00 | |
| 2017-03-31 | 16,676.00 | 1,468.00 | 3,917.00 | |
| 2016-12-31 | 15,348.00 | 1,376.00 | 3,646.00 | |
| 2016-09-30 | 14,210.00 | 1,322.00 | 3,360.00 | |
| 2016-06-30 | 13,471.00 | 1,278.00 | 3,229.00 | |
| 2016-03-31 | 13,335.00 | 1,268.00 | 3,214.00 | |
| 2015-12-31 | 13,243.00 | 1,237.00 | 3,199.00 | |
| 2015-09-30 | 12,867.00 | 1,160.00 | 3,101.00 | |
| 2015-06-30 | 12,310.00 | 1,090.00 | 3,000.00 | |
| 2015-03-31 | 11,622.00 | 1,014.00 | 2,827.00 | |
| 2014-12-31 | 11,033.00 | 982.00 | 2,655.00 | |
| 2014-09-30 | 10,553.50 | 945.20 | 2,546.60 | |
| 2014-06-30 | 10,259.40 | 904.30 | 2,440.80 | |
| 2014-03-31 | 10,132.60 | 897.20 | 2,386.60 | |
| 2013-12-31 | 9,834.00 | 858.00 | 2,310.00 | |
| 2013-09-30 | 9,453.50 | 800.10 | 2,256.90 | |
| 2013-06-30 | 9,179.80 | 760.10 | 2,217.90 | |
| 2013-03-31 | 9,148.00 | 754.00 | 2,221.40 | |
| 2012-12-31 | 9,192.30 | 763.50 | 2,237.40 | |
| 2012-09-30 | 9,473.60 | 781.60 | 2,192.90 | |
| 2012-06-30 | 9,484.00 | 775.70 | 2,246.30 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- NIBE Industrier has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- NIBE Industrier used its assets more efficiently than the SE Building industry average last year based on Return on Assets.
- NIBE Industrier has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess NIBE Industrier's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
NIBE Industrier has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NIBE B Health
How is NIBE Industrier's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up NIBE Industrier's finances.
The net worth of a company is the difference between its assets and liabilities.
- NIBE Industrier is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- NIBE Industrier's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from NIBE Industrier Company Filings, last reported 3 months ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 15,421.00 | 8,823.00 | 3,189.00 |
| 2018-09-30 | 14,690.00 | 9,340.00 | 2,400.00 |
| 2018-06-30 | 14,166.00 | 9,492.00 | 2,213.00 |
| 2018-03-31 | 13,670.00 | 9,160.00 | 2,915.00 |
| 2017-12-31 | 12,807.00 | 8,547.00 | 3,422.00 |
| 2017-09-30 | 11,933.00 | 8,741.00 | 2,375.00 |
| 2017-06-30 | 11,978.00 | 8,815.00 | 2,047.00 |
| 2017-03-31 | 12,369.00 | 8,621.00 | 2,335.00 |
| 2016-12-31 | 12,129.00 | 8,135.00 | 2,502.00 |
| 2016-09-30 | 8,426.00 | 10,897.00 | 1,805.00 |
| 2016-06-30 | 7,799.00 | 10,979.00 | 4,653.00 |
| 2016-03-31 | 7,590.00 | 7,847.00 | 1,830.00 |
| 2015-12-31 | 7,428.00 | 6,941.00 | 1,795.00 |
| 2015-09-30 | 7,204.00 | 8,080.00 | 1,913.00 |
| 2015-06-30 | 6,928.00 | 8,117.00 | 1,595.00 |
| 2015-03-31 | 7,049.00 | 8,362.00 | 1,895.00 |
| 2014-12-31 | 6,560.00 | 7,530.00 | 1,981.00 |
| 2014-09-30 | 6,169.90 | 7,425.40 | 1,683.30 |
| 2014-06-30 | 5,824.00 | 4,796.50 | 1,369.40 |
| 2014-03-31 | 5,724.60 | 4,589.90 | 1,578.80 |
| 2013-12-31 | 5,575.00 | 4,426.00 | 1,594.00 |
| 2013-09-30 | 5,119.50 | 4,706.50 | 1,096.70 |
| 2013-06-30 | 4,875.80 | 4,750.30 | 802.10 |
| 2013-03-31 | 4,770.00 | 4,598.30 | 887.70 |
| 2012-12-31 | 4,857.90 | 4,319.70 | 934.30 |
| 2012-09-30 | 4,591.70 | 4,702.60 | 862.40 |
| 2012-06-30 | 4,538.20 | 4,965.60 | 820.10 |
- NIBE Industrier's level of debt (57.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (79.4% vs 57.2% today).
- Debt is well covered by operating cash flow (21.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 18.7x coverage).
Financial health checks
We assess NIBE Industrier's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) NIBE Industrier has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NIBE B Dividends
What is NIBE Industrier's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
NIBE Industrier
shares you are expected to receive
SEK21
in your first year as a dividend.
Dividend Amount
- NIBE Industrier's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.86%).
- NIBE Industrier's dividend is below the markets top 25% of dividend payers in Sweden (4.37%).
Upcoming dividend payment
Purchase NIBE Industrier before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Sweden Building Industry Average Dividend Yield | Market Cap Weighted Average of 11 Stocks | 1.6% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 245 Stocks | 3.5% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.72 | 4.00 |
| 2020-12-31 | 1.57 | 4.00 |
| 2019-12-31 | 1.44 | 4.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-15 | 1.300 | 1.038 |
| 2019-02-15 | 1.300 | 1.103 |
| 2018-05-17 | 1.050 | 1.079 |
| 2017-05-12 | 0.880 | 1.103 |
| 2016-04-11 | 0.838 | 1.164 |
| 2015-04-09 | 0.675 | 1.064 |
| 2014-05-16 | 0.588 | 1.202 |
| 2013-04-17 | 0.500 | 1.520 |
| 2012-05-11 | 0.500 | 1.987 |
| 2011-05-10 | 0.438 | 1.722 |
| 2010-05-18 | 0.325 | 1.537 |
| 2009-05-15 | 0.288 | 1.592 |
| 2009-04-23 | 0.288 | 1.681 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- NIBE Industrier is not paying a notable dividend for Sweden, therefore no need to check if the payments are stable.
- NIBE Industrier is not paying a notable dividend for Sweden, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess NIBE Industrier's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can NIBE Industrier afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) NIBE Industrier has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NIBE B Management
CEO
| COMPENSATION | SEK5,304,000 |
| AGE | 67 |
CEO Bio
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 Managing Director of NIBE AB. He has been the Chairman of Schulthess Group AG since 2011. He was employed by NIBE since 1988. He has been a Director of NIBE Industrier AB (publ) and NIBE AB since 1989. Mr. Lindquist holds an M.Sc. in Engineering and M.Sc. in Business & Economics.
CEO Compensation
- Gerteric's compensation has been consistent with company performance over the past year.
- Gerteric's remuneration is lower than average for companies of similar size in Sweden.
Management Team
Gerteric Lindquist
CEO, MD & Director
SEK5M
67
Hans Backman
Chief Financial Officer
52
7.4 yrs
Benny Torstensson
Chief Information Officer
Christel Fritiofsson
Head of Investor Relations
Kenneth Magnusson
Chief Sustainability Officer
Leif Gustavsson
Senior Advisor
73
Board of Directors Tenure
Average tenure and age of the NIBE Industrier board of directors in years:
- The tenure for the NIBE Industrier board of directors is about average.
Board of Directors
Hans Linnarson
Chairman
SEK650K
66
3.7 yrs
Gerteric Lindquist
CEO, MD & Director
SEK5M
67
30.3 yrs
Georg Brunstam
Director
SEK325K
61
16.3 yrs
Anders Pålsson
Independent Director
SEK325K
60
8.9 yrs
Helene Richmond
Independent Director
SEK325K
58
3.7 yrs
Jenny Sjödahl
Independent director
45
1.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by NIBE Industrier insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 03. Mar 19 | Buy | Niklas Gunnarsson | Individual | 01. Mar 19 | 01. Mar 19 | 1,600 | SEK116.07 | SEK185,712 | ||
Management checks
We assess NIBE Industrier's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) NIBE Industrier has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NIBE B News
Simply Wall St News
I Ran A Stock Scan For Earnings Growth And NIBE Industrier (STO:NIBE B) Passed With Ease
How Fast Is NIBE Industrier Growing. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.
Simply Wall St - – Full articleHow Much is NIBE Industrier AB (publ)'s (STO:NIBE B) CEO Getting Paid?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Gerteric Lindquist's Compensation Compare With Similar Sized Companies. … Our data indicates that NIBE Industrier AB (publ) is worth kr62b, and total annual CEO compensation is kr5.3m.
Simply Wall St - – Full articleWas NIBE Industrier AB (publ)'s (STO:NIBE B) Earnings Growth Better Than The Industry's?
Investors may find my commentary, albeit very high-level and brief, on NIBE Industrier AB (publ) (STO:NIBE B) useful as an attempt to give more color around how NIBE Industrier is currently performing. … Did NIBE B's recent earnings growth beat the long-term trend and the industry. … NIBE B's trailing twelve-month earnings (from 31 December 2018) of kr2.1b has.
Simply Wall St - – Full articleDoes NIBE Industrier AB (publ)'s (STO:NIBE B) Debt Level Pose A Problem?
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like NIBE Industrier AB (publ) (STO:NIBE B), with a market cap of kr59b, are often out of the spotlight. … NIBE B’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Don’t forget that this is a general and concentrated examination of NIBE Industrier’s financial health, so you should conduct further analysis.
Simply Wall St - – Full articleIs NIBE Industrier AB (publ) (STO:NIBE B) A Good Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, NIBE Industrier AB (publ) (STO:NIBE B) has been paying a dividend to shareholders. … Let's take a look at NIBE Industrier in more detail.
Simply Wall St - – Full articleWhat Are Analysts Saying About NIBE Industrier AB (publ)'s (STO:NIBE B) Growth?
NIBE Industrier AB (publ)'s (STO:NIBE B) announced its latest earnings update in December 2018, whicha
Simply Wall St - – Full articleAn Examination Of NIBE Industrier AB (publ) (STO:NIBE B)
I've been keeping an eye on NIBE Industrier AB (publ) (STO:NIBE B) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe NIBE B has a lot to offer. … is a company with great financial health as well as a.
Simply Wall St - – Full articleNIBE B Company Info
Description
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.
Details
| Name: | NIBE Industrier AB (publ) |
| NIBE B | |
| Exchange: | OM |
| Founded: | |
| SEK63,531,295,203 | |
| 504,016,622 | |
| Website: | http://www.nibe.com |
| Address: |
NIBE Industrier AB (publ) Hannabadsvägen 5, Markaryd, Kronoberg County, 285 21, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | NIBE B | Class B Shares | OMX Nordic Exchange Stockholm | SE | SEK | 17. Jun 1997 | |
| OTCPK | NDRB.F | Class B Shares | Pink Sheets LLC | US | USD | 17. Jun 1997 | |
| DB | NJBC | Class B Shares | Deutsche Boerse AG | DE | EUR | 17. Jun 1997 | |
| LSE | 0RH0 | Class B Shares | London Stock Exchange | GB | SEK | 17. Jun 1997 | |
| SWX | NIBEB | Class B Shares | SIX Swiss Exchange | CH | CHF | 17. Jun 1997 | |
| BATS-CHIXE | NIBEBZ | Class B Shares | BATS 'Chi-X Europe' | GB | CHF | 17. Jun 1997 | |
| BATS-CHIXE | NIBEBS | Class B Shares | BATS 'Chi-X Europe' | GB | SEK | 17. Jun 1997 |
Number of employees
Current staff
Industry
| Building Products | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/22 21:03 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/01 |
| Last earnings filing: | 2019/04/15 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
