company background image
NIBE

NIBE Industrier OM:NIBE B Stock Report

Last Price

kr106.75

Market Cap

kr215.2b

7D

8.7%

1Y

-8.3%

Updated

18 Aug, 2022

Data

Company Financials +
NIBE B fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends0/6

NIBE B Stock Overview

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countries, rest of Europe, North America, and internationally.

Rewards

Earnings are forecast to grow 14.49% per year

Earnings have grown 17.5% per year over the past 5 years

Risk Analysis

NIBE B passed our risk checks.

NIBE Industrier Competitors

Price History & Performance

Summary of all time highs, changes and price drops for NIBE Industrier
Historical stock prices
Current Share Pricekr106.75
52 Week Highkr138.65
52 Week Lowkr68.64
Beta1.46
1 Month Change22.14%
3 Month Change24.10%
1 Year Change-8.25%
3 Year Change248.15%
5 Year Change488.56%
Change since IPO37,855.56%

Recent News & Updates

Aug 18
A Look At The Fair Value Of NIBE Industrier AB (publ) (STO:NIBE B)

A Look At The Fair Value Of NIBE Industrier AB (publ) (STO:NIBE B)

Today we will run through one way of estimating the intrinsic value of NIBE Industrier AB (publ) ( STO:NIBE B ) by...

Jul 27
Here's Why NIBE Industrier (STO:NIBE B) Can Manage Its Debt Responsibly

Here's Why NIBE Industrier (STO:NIBE B) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

NIBE BSE BuildingSE Market
7D8.7%3.4%0.05%
1Y-8.3%-12.8%-19.8%

Return vs Industry: NIBE B exceeded the Swedish Building industry which returned -14.3% over the past year.

Return vs Market: NIBE B exceeded the Swedish Market which returned -21.8% over the past year.

Price Volatility

Is NIBE B's price volatile compared to industry and market?
NIBE B volatility
NIBE B Average Weekly Movement6.0%
Building Industry Average Movement5.8%
Market Average Movement7.1%
10% most volatile stocks in SE Market12.3%
10% least volatile stocks in SE Market4.5%

Stable Share Price: NIBE B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NIBE B's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194920,400Gerteric Lindquisthttps://www.nibe.com

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells various energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control in Nordic countries, rest of Europe, North America, and internationally. The company operates through three business areas: NIBE Climate Solutions, NIBE Element, and NIBE Stoves. The NIBE Climate Solutions business area offers indoor climate comfort products, such as heat pumps, ventilation products and air conditioning, climate control systems, water heaters and accumulator tanks, district heating products, PV panels, domestic boilers, commercial washing machines, and tumble dryers for homes, apartment blocks, and commercial properties.

NIBE Industrier Fundamentals Summary

How do NIBE Industrier's earnings and revenue compare to its market cap?
NIBE B fundamental statistics
Market Capkr215.22b
Earnings (TTM)kr3.35b
Revenue (TTM)kr32.75b

64.3x

P/E Ratio

6.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NIBE B income statement (TTM)
Revenuekr32.75b
Cost of Revenuekr22.20b
Gross Profitkr10.55b
Other Expenseskr7.20b
Earningskr3.35b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)1.66
Gross Margin32.21%
Net Profit Margin10.22%
Debt/Equity Ratio46.2%

How did NIBE B perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NIBE B 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/Revenue6.8x
Enterprise Value/EBITDA42.4x
PEG Ratio4.4x

Price to Earnings Ratio vs Peers

How does NIBE B's PE Ratio compare to its peers?

NIBE B PE Ratio vs Peers
The above table shows the PE ratio for NIBE B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21x
ASSA B ASSA ABLOY
23.2x8.9%kr265.0b
MTRS Munters Group
25.6x19.3%kr13.9b
SYSR Systemair
23.2x13.6%kr12.6b
LIAB Lindab International
11.9x-5.4%kr12.8b
NIBE B NIBE Industrier
64.3x14.5%kr215.2b

Price-To-Earnings vs Peers: NIBE B is expensive based on its Price-To-Earnings Ratio (64.3x) compared to the peer average (21x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: NIBE B is expensive based on its Price-To-Earnings Ratio (64.3x) compared to the Swedish Building industry average (18.4x)


Price to Earnings Ratio vs Fair Ratio

What is NIBE B'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.

NIBE B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.3x
Fair PE Ratio33.9x

Price-To-Earnings vs Fair Ratio: NIBE B is expensive based on its Price-To-Earnings Ratio (64.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).


Share Price vs Fair Value

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

Below Fair Value: NIBE B (SEK106.75) is trading above our estimate of fair value (SEK95.12)

Significantly Below Fair Value: NIBE B is trading above our estimate of fair value.


Analyst Price Targets

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

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


Discover undervalued companies

Future Growth

How is NIBE Industrier forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIBE B's forecast earnings growth (14.5% per year) is above the savings rate (0.4%).

Earnings vs Market: NIBE B's earnings (14.5% per year) are forecast to grow slower than the Swedish market (16.1% per year).

High Growth Earnings: NIBE B's earnings are forecast to grow, but not significantly.

Revenue vs Market: NIBE B's revenue (11.1% per year) is forecast to grow faster than the Swedish market (10.9% per year).

High Growth Revenue: NIBE B's revenue (11.1% 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 (16.7%).


Discover growth companies

Past Performance

How has NIBE Industrier performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.5%

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 (10.2%) are lower than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: NIBE B's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: NIBE B's earnings growth over the past year (8.8%) is below its 5-year average (17.5% per year).

Earnings vs Industry: NIBE B earnings growth over the past year (8.8%) underperformed the Building industry 35.5%.


Return on Equity

High ROE: NIBE B's Return on Equity (15%) is considered low.


Discover strong past performing companies

Financial Health

How is NIBE Industrier's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NIBE B's short term assets (SEK17.5B) exceed its short term liabilities (SEK9.6B).

Long Term Liabilities: NIBE B's short term assets (SEK17.5B) exceed its long term liabilities (SEK13.0B).


Debt to Equity History and Analysis

Debt Level: NIBE B's net debt to equity ratio (27.8%) is considered satisfactory.

Reducing Debt: NIBE B's debt to equity ratio has reduced from 69.7% to 46.2% over the past 5 years.

Debt Coverage: NIBE B's debt is well covered by operating cash flow (23.5%).

Interest Coverage: NIBE B's interest payments on its debt are well covered by EBIT (24.2x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is NIBE Industrier current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NIBE B's dividend (0.47%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.52%).

High Dividend: NIBE B's dividend (0.47%) is low compared to the top 25% of dividend payers in the Swedish market (5.42%).


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.


Earnings Payout to Shareholders

Earnings Coverage: NIBE B is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

Cash Flow Coverage: NIBE B is not paying a notable dividend for the Swedish market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

12.3yrs

Average board tenure


CEO

Gerteric Lindquist (71 yo)

no data

Tenure

kr8,258,000

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 ($USD790.32K) is below average for companies of similar size in the Swedish market ($USD2.47M).

Compensation vs Earnings: Gerteric's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: NIBE B's board of directors are seasoned and experienced ( 12.3 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 employee growth, exchange listings and data sources


Key Information

  • Name: NIBE Industrier AB (publ)
  • Ticker: NIBE B
  • Exchange: OM
  • Founded: 1949
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: kr215.215b
  • Shares outstanding: 2.02b
  • Website: https://www.nibe.com

Number of Employees


Location

  • NIBE Industrier AB (publ)
  • Hannabadsvägen 5
  • Markaryd
  • Kronoberg County
  • 285 32
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.