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NOBI

Nobia OM:NOBI Stock Report

Last Price

kr27.66

Market Cap

kr4.7b

7D

-4.8%

1Y

-63.8%

Updated

04 Jul, 2022

Data

Company Financials +
NOBI fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends3/6

NOBI Stock Overview

Nobia AB (publ) develops, manufactures, and sells kitchen solutions to consumer and professional customers.

Nobia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nobia
Historical stock prices
Current Share Pricekr27.66
52 Week Highkr81.50
52 Week Lowkr26.78
Beta1.38
1 Month Change-15.00%
3 Month Change-33.09%
1 Year Change-63.77%
3 Year Change-48.30%
5 Year Change-68.21%
Change since IPO16.87%

Recent News & Updates

Shareholder Returns

NOBISE Consumer DurablesSE Market
7D-4.8%-1.5%-3.0%
1Y-63.8%-44.7%-24.9%

Return vs Industry: NOBI underperformed the Swedish Consumer Durables industry which returned -44% over the past year.

Return vs Market: NOBI underperformed the Swedish Market which returned -24.3% over the past year.

Price Volatility

Is NOBI's price volatile compared to industry and market?
NOBI volatility
NOBI Average Weekly Movement5.9%
Consumer Durables Industry Average Movement5.6%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.5%
10% least volatile stocks in SE Market4.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
19966,282Jon Sintornhttps://www.nobia.com

Nobia AB (publ) develops, manufactures, and sells kitchen solutions to consumer and professional customers. The company offers cabinets, drawers, fronts, panels, bases, cabinet fixtures, worktops, sinks, mixer taps, appliances, kitchen fans, handles, and others. It sells its products under various brands, including A la Carte, Bribus, Commodore & CIE, ewe, FM, Gower, HTH, INTUO, Invita, Magnet, Marbodal, Norema, Petra, Rixonway Kitchens, Sigdal, and uno form brands.

Nobia Fundamentals Summary

How do Nobia's earnings and revenue compare to its market cap?
NOBI fundamental statistics
Market Capkr4.65b
Earnings (TTM)kr702.00m
Revenue (TTM)kr14.13b

6.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NOBI income statement (TTM)
Revenuekr14.13b
Cost of Revenuekr8.68b
Gross Profitkr5.44b
Other Expenseskr4.74b
Earningskr702.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 19, 2022

Earnings per share (EPS)4.17
Gross Margin38.53%
Net Profit Margin4.97%
Debt/Equity Ratio38.7%

How did NOBI perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

60%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

NOBI 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/Revenue0.5x
Enterprise Value/EBITDA5.3x
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does NOBI's PE Ratio compare to its peers?

NOBI PE Ratio vs Peers
The above table shows the PE ratio for NOBI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17x
EMBELL Embellence Group
9.5x8.8%kr652.7m
PRFO Profoto Holding
25.1x14.0%kr4.2b
DUNI Duni
29.6xn/akr3.9b
BONAV B Bonava
3.6x0.6%kr3.2b
NOBI Nobia
6.6x10.6%kr4.7b

Price-To-Earnings vs Peers: NOBI is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (17x).


Price to Earnings Ratio vs Industry

How does NOBI's PE Ratio compare vs other companies in the European Consumer Durables Industry?

Price-To-Earnings vs Industry: NOBI is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Swedish Consumer Durables industry average (9.3x)


Price to Earnings Ratio vs Fair Ratio

What is NOBI'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.

NOBI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ratio16.1x

Price-To-Earnings vs Fair Ratio: NOBI is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).


Share Price vs Fair Value

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

Below Fair Value: NOBI (SEK27.66) is trading below our estimate of fair value (SEK401.95)

Significantly Below Fair Value: NOBI is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: NOBI is good value based on its PEG Ratio (0.6x)


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Future Growth

How is Nobia forecast to perform in the next 1 to 3 years based on estimates from 4 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


10.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOBI's forecast earnings growth (10.6% per year) is above the savings rate (0.4%).

Earnings vs Market: NOBI's earnings (10.6% per year) are forecast to grow faster than the Swedish market (9.6% per year).

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

Revenue vs Market: NOBI's revenue (3.4% per year) is forecast to grow slower than the Swedish market (5.5% per year).

High Growth Revenue: NOBI's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOBI's Return on Equity is forecast to be low in 3 years time (16.3%).


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Past Performance

How has Nobia performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NOBI has high quality earnings.

Growing Profit Margin: NOBI's current net profit margins (5%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: NOBI's earnings have declined by 16.1% per year over the past 5 years.

Accelerating Growth: NOBI's earnings growth over the past year (136.4%) exceeds its 5-year average (-16.1% per year).

Earnings vs Industry: NOBI earnings growth over the past year (136.4%) exceeded the Consumer Durables industry 22.9%.


Return on Equity

High ROE: NOBI's Return on Equity (13.6%) is considered low.


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Financial Health

How is Nobia's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NOBI's short term assets (SEK4.9B) exceed its short term liabilities (SEK3.7B).

Long Term Liabilities: NOBI's short term assets (SEK4.9B) exceed its long term liabilities (SEK3.6B).


Debt to Equity History and Analysis

Debt Level: NOBI's net debt to equity ratio (11.7%) is considered satisfactory.

Reducing Debt: NOBI's debt to equity ratio has increased from 22.2% to 38.7% over the past 5 years.

Debt Coverage: NOBI's debt is well covered by operating cash flow (76%).

Interest Coverage: NOBI's interest payments on its debt are well covered by EBIT (13.2x coverage).


Balance Sheet


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Dividend

What is Nobia current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


9.04%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NOBI's dividend (9.04%) is higher than the bottom 25% of dividend payers in the Swedish market (1.62%).

High Dividend: NOBI's dividend (9.04%) is in the top 25% of dividend payers in the Swedish market (5.42%)


Stability and Growth of Payments

Stable Dividend: NOBI has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NOBI's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (60%), NOBI's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (142.1%), NOBI's dividend payments are not well covered by cash flows.


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Management

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

2.3yrs

Average management tenure


CEO

Jon Sintorn (56 yo)

2.83yrs

Tenure

kr15,190,000

Compensation

Mr. Jon Sintorn has been President and Chief Executive Officer of Nobia AB (publ) since September 1, 2019. He Joined Nobia AB (publ) in 2019. He served as Global head of Cooling at DeLaval and held Various...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Jon's total compensation is reasonable compared to companies of similar size in the Swedish market.

Compensation vs Earnings: Jon's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: NOBI's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: NOBI's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: NOBI 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

Nobia AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Nobia AB (publ)
  • Ticker: NOBI
  • Exchange: OM
  • Founded: 1996
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Implied Market Cap: kr4.654b
  • Shares outstanding: 168.25m
  • Website: https://www.nobia.com

Number of Employees


Location

  • Nobia AB (publ)
  • Blekholmstorget 30 E7
  • Stockholm
  • Stockholm County
  • 111 64
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 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.