OM:NIBE B

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Executive Summary

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, Australia, Asia, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.


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 is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NIBE B's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

NIBE B

-2.8%

SE Building

0.7%

SE Market


1 Year Return

63.3%

NIBE B

10.6%

SE Building

17.7%

SE Market

Return vs Industry: NIBE B exceeded the Swedish Building industry which returned 10.6% over the past year.

Return vs Market: NIBE B exceeded the Swedish Market which returned 17.7% over the past year.


Shareholder returns

NIBE BIndustryMarket
7 Day-1.0%-2.8%0.7%
30 Day14.5%10.2%11.9%
90 Day-1.6%2.6%9.0%
1 Year63.3%63.3%12.2%10.6%19.6%17.7%
3 Year207.0%200.4%63.0%54.8%43.7%28.1%
5 Year257.2%226.2%62.7%49.1%65.1%33.3%

Long-Term 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?

51.74x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NIBE B (SEK239.1) is trading above our estimate of fair value (SEK42.49)

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 (51.7x) compared to the SE Building industry average (22.5x).

PE vs Market: NIBE B is poor value based on its PE Ratio (51.7x) compared to the Swedish market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: NIBE B is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: NIBE B is overvalued based on its PB Ratio (6.5x) compared to the SE Building industry average (3.3x).


Next Steps

Future Growth

How is NIBE Industrier forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

9.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIBE B's forecast earnings growth (9.5% per year) is above the savings rate (0.5%).

Earnings vs Market: NIBE B's earnings (9.5% per year) are forecast to grow slower than the Swedish market (11.6% per year).

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

Revenue vs Market: NIBE B's revenue (4.8% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: NIBE B's revenue (4.8% 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 (13.3%).


Next Steps

Past Performance

How has NIBE Industrier performed over the past 5 years?

14.2%

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 (8.8%) are lower than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: NIBE B's earnings have grown by 14.2% per year over the past 5 years.

Accelerating Growth: NIBE B's earnings growth over the past year (6.6%) is below its 5-year average (14.2% per year).

Earnings vs Industry: NIBE B earnings growth over the past year (6.6%) underperformed the Building industry 7.5%.


Return on Equity

High ROE: NIBE B's Return on Equity (12.8%) 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 (SEK14.4B) exceed its short term liabilities (SEK9.4B).

Long Term Liabilities: NIBE B's short term assets (SEK14.4B) exceed its long term liabilities (SEK12.5B).


Debt to Equity History and Analysis

Debt Level: NIBE B's debt to equity ratio (56%) is considered high.

Reducing Debt: NIBE B's debt to equity ratio has reduced from 111.7% to 56% over the past 5 years.

Debt Coverage: NIBE B's debt is well covered by operating cash flow (37.3%).

Interest Coverage: NIBE B's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet


Next Steps

Dividend

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

0.59%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: NIBE B's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.17%).

High Dividend: NIBE B's dividend (0.59%) is low compared to the top 25% of dividend payers in the Swedish market (3.75%).


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?

7.9yrs

Average board tenure


CEO

Gerteric Lindquist (69 yo)

no data

Tenure

kr7,301,000

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 ($USD859.57K) is below average for companies of similar size in the Swedish market ($USD1.96M).

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


Board Members

NamePositionTenureCompensationOwnership
Gerteric Lindquist
CEO, MD & Directorno datakr7.30m4.6%
SEK 5.5b
Anders Pålsson
Independent Director10.5yrskr400.00k0.0045%
SEK 5.5m
Georg Brunstam
Director17.83yrskr400.00k0.00036%
SEK 433.8k
Hans Linnarson
Independent Chairman5.25yrskr800.00k0.00018%
SEK 216.9k
Jenny Sjödahl
Independent Director2.83yrskr400.00kno data
Jenny Larsson
Director0.50yrno datano data

7.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: NIBE B's board of directors are considered experienced (7.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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: 1949
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr120.510b
  • Shares outstanding: 504.02m
  • Website: https://www.nibe.com

Number of Employees


Location

  • NIBE Industrier AB (publ)
  • HannabadsvAegen 5
  • Markaryd
  • Kronoberg County
  • 285 32
  • 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, develops, manufactures, markets, and sells various energy efficient solutions for indoor climate comfort, and components and solutions for intelli...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 19:20
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.