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NIBE Industrier AB (publ) (NIBE-B.ST)

SEK36.58 +0.55 (+1.53%)
SE STO Industrials Construction
Address Hannabadsvägen 5 285 32
Markaryd, SE
CEO Gerteric Lindquist
Website nibe.com
IPO 2000-01-03
ISIN SE0015988019

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Also trades on Other OTC · NDRBF (USD) Other OTC · NIABY (USD) Stockholm Stock Exchange · NIBE-B.ST (SEK)
Description

NIBE Industrier AB (publ), a Swedish company established in Markaryd in 1949, specializes globally in the development, production, and distribution of energy-efficient solutions. These offerings primarily encompass indoor climate comfort systems and intelligent heating and control components, serving a vast international market including the Nordic region, the rest of Europe, North America, and other territories. The company is structured into three principal business units. NIBE Climate Solutions delivers a comprehensive suite of products designed for maintaining optimal indoor environments, such as heat pumps, ventilation and air conditioning systems, climate control solutions, water heating and storage units, district heating products, solar panels, domestic boilers, and commercial laundry equipment, catering to residential, multi-family, and commercial properties. The NIBE Element division provides a diverse range of heating and control components. These include various types of heating elements (e.g., tubular, ceramic, high-power), heating cables, temperature sensors, heat exchangers, and control equipment, utilized across numerous sectors such as household appliances, professional kitchens, energy, transport, advanced technology, medical, aviation, and general industrial applications. Lastly, NIBE Stoves offers an array of freestanding, wood-burning, gas, and electric stoves, complemented by heat-retaining products, chimney systems, and related accessories.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SEK36.58 +0.55 (+1.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
8M
Beta
0.92
Float Shares
1.59B
Free Float %
79.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.08% -10.18% -12.22% -2.16% +3.93% +0.36% -4.73% -64.97% -59.80% +98.09% +433.38%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
36.58
DCF (Unlevered) 26.49 -27.6%
DCF (Levered) 18.43 -49.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 54% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 4 0
Hold 3 0
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.22
Grey zone
Piotroski F-Score
9 / 9
Strong
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Construction: +2.5%
    +0.8% Q1'26: -0.2% (vs Q1'25)
  • ✓
    EPS growth Construction: +11.1%
    +94.8% ★ Q1'26: +31.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Construction: +30.9%
    +6.2% ★ Q1'26: +0.0% (vs Q1'25)
  • ✗
    EBIT margin Construction: +8.5%
    +9.0% ★ Q1'26: +7.7% (vs Q1'25)
  • ✗
    ROIC Construction: +6.4%
    +5.7% Q1'26: +4.6% (vs Q1'25)
  • ✓
    Share dilution Construction: +0.4%
    +0.0% Q1'26: -2.3% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Construction: 0.05×
    3.76× Q1'26: 4.33× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.97) × ERP
WACC = 77% × Ke + 23% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 26.49 Current price: 36.58
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
12 Rev. Ana.
11 EPS Ana. 		Dec 2027
12 Rev. Ana.
11 EPS Ana. 		Dec 2028
10 Rev. Ana.
9 EPS Ana. 		Dec 2029
5 Rev. Ana.
3 EPS Ana. 		Dec 2030
5 Rev. Ana.
3 EPS Ana.
Revenue
13.24B
est: 13.18B (+0.5%)
15.35B
est: 15.18B (+1.1%)
19.01B
est: 18.96B (+0.3%)
22.52B
est: 22.42B (+0.4%)
25.34B
est: 25.34B (0.0%)
27.15B
est: 26.94B (+0.8%)
30.83B
est: 30.85B (-0.1%)
40.07B
est: 38.98B (+2.8%)
46.65B
est: 42.70B (+9.3%)
40.52B
est: 40.27B (+0.6%)
40.84B
est: 40.85B (0.0%)
42.83B
42.13B – 44.17B
+4.9% YoY
45.94B
44.35B – 47.73B
+7.2% YoY
48.81B
48.69B – 48.92B
+6.3% YoY
52.17B
50.82B – 54.01B
+6.9% YoY
54.08B
52.68B – 55.99B
+3.7% YoY
EBITDA
2.11B
est: 2.32B (-9.2%)
2.53B
est: 2.67B (-5.3%)
2.95B
est: 3.34B (-11.6%)
3.42B
est: 3.95B (-13.5%)
4.08B
est: 4.46B (-8.6%)
5.11B
est: 4.74B (+7.6%)
5.83B
est: 5.43B (+7.3%)
7.45B
est: 6.87B (+8.5%)
9.01B
est: 7.13B (+26.4%)
5.05B
est: 6.72B (-25.0%)
5.80B
est: 6.82B (-14.9%)
7.15B
7.03B – 7.37B
+4.9% YoY
7.67B
7.40B – 7.97B
+7.2% YoY
8.15B
8.13B – 8.17B
+6.3% YoY
8.71B
8.48B – 9.02B
+6.9% YoY
9.03B
8.79B – 9.35B
+3.7% YoY
EBIT
1.63B
est: 1.76B (-7.4%)
1.99B
est: 2.03B (-1.8%)
2.31B
est: 2.53B (-8.6%)
2.82B
est: 2.99B (-5.7%)
3.04B
est: 3.38B (-10.1%)
3.87B
est: 3.60B (+7.6%)
4.53B
est: 4.12B (+10.0%)
5.97B
est: 5.20B (+14.6%)
7.24B
est: 5.25B (+37.9%)
3.00B
est: 4.95B (-39.5%)
3.66B
est: 5.02B (-27.1%)
5.27B
5.18B – 5.43B
+4.9% YoY
5.65B
5.45B – 5.87B
+7.2% YoY
6.00B
5.99B – 6.01B
+6.3% YoY
6.41B
6.25B – 6.64B
+6.9% YoY
6.65B
6.48B – 6.88B
+3.7% YoY
Net Income
1.24B
est: 1.36B (-8.9%)
1.38B
est: 1.48B (-7.0%)
1.70B
est: 1.69B (+0.9%)
2.07B
est: 2.07B (0.0%)
2.17B
est: 2.31B (-5.9%)
2.87B
est: 2.55B (+12.4%)
3.32B
est: 3.34B (-0.5%)
4.35B
est: 4.15B (+4.8%)
4.79B
est: 1.56B (+207.1%)
1.17B
est: 1.43B (-17.9%)
2.28B
est: 2.39B (-4.7%)
3.26B
2.95B – 3.59B
+36.4% YoY
3.90B
3.46B – 4.35B
+19.7% YoY
4.31B
2.58B – 4.92B
+10.6% YoY
4.99B
4.82B – 5.22B
+15.6% YoY
5.16B
4.99B – 5.40B
+3.5% YoY
SGA
3.21B
est: 2.74B (+16.9%)
3.71B
est: 3.16B (+17.2%)
4.38B
est: 3.95B (+10.9%)
4.89B
est: 4.67B (+4.6%)
5.52B
est: 5.28B (+4.6%)
5.81B
est: 5.61B (+3.6%)
6.23B
est: 6.43B (-3.1%)
7.57B
est: 8.12B (-6.8%)
9.47B
est: 8.99B (+5.4%)
9.45B
est: 8.48B (+11.5%)
9.20B
est: 8.60B (+7.0%)
9.02B
8.87B – 9.30B
+4.9% YoY
9.67B
9.34B – 10.05B
+7.2% YoY
10.27B
10.25B – 10.30B
+6.3% YoY
10.98B
10.70B – 11.37B
+6.9% YoY
11.38B
11.09B – 11.79B
+3.7% YoY
EPS
0.67
est: 0.67 (-0.6%)
0.73
est: 0.73 (-0.6%)
0.85
est: 0.84 (+1.5%)
1.03
est: 1.03 (+0.1%)
1.08
est: 1.14 (-5.6%)
1.42
est: 1.26 (+12.3%)
1.65
est: 1.66 (-0.3%)
2.16
est: 2.05 (+5.3%)
2.37
est: 0.77 (+206.7%)
0.58
est: 0.70 (-17.7%)
1.13
est: 1.19 (-5.4%)
1.59
1.46 – 1.78
+32.9% YoY
1.88
1.72 – 2.16
+18.4% YoY
2.08
1.28 – 2.44
+10.5% YoY
2.47
2.39 – 2.59
+19.1% YoY
2.56
2.47 – 2.68
+3.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-28 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-27 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-26 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-25 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-22 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-21 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-20 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-19 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-18 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-15 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-13 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-12 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-11 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-08 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-07 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-06 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-05 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-05-04 B 3/5 3/5 3/5 4/5 2/5 2/5 3/5
2026-04-30 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-29 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-28 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-27 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-24 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-23 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-22 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-21 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-20 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-17 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5
2026-04-16 B 3/5 3/5 3/5 4/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.81B
OE per share TTM
1.40
Owner's Yield
3.84%
Maintenance CapEx ratio
107.85%
Maint CapEx / Avg PPE
24.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 237 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Low Carbon Energy ETF SMOG 1.20% 1.62M 0.64%
2 Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF SC01.DE 1.16% 468.6K 0.20%
3 iShares STOXX Europe 600 Construct & Material UCITS ETF (DE) EXV8.DE 1.08% 9.41M 0.46%
4 Invesco Global Clean Energy UCITS ETF GCLE.L 0.87% 1.21M 0.60%
5 Invesco Global Clean Energy UCITS ETF GCED.L 0.87% 1.21M 0.60%
6 NYLI International Small-Mid Cap Equity ETF NISM 0.80% 201.4K 0.70%
7 iShares MSCI Sweden ETF EWD 0.72% 3.70M 0.51%
8 iShares OMX Stockholm Capped UCITS ETF OM3X.DE 0.72% 1.55M 0.10%
9 iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L 0.39% 150.7K 0.25%
10 Xtrackers MSCI Nordic UCITS ETF 1D XDN0.L 0.35% 4.53M 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
186.9K
Shares Outstanding
2.02B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Gerteric Lindquist Chief Executive Officer, MD & Director 11M male
Hans Backman Chief Financial Officer — male
Christer Fredriksson Head of Business Area - NIBE Element — male
Niklas Gunnarsson Head of Business Area - NIBE Stoves — male
Simon Karlin Head of NIBE Climate Solutions — male
Terese Leire General Counsel — —
Kenneth Magnusson Chief Sustainability Officer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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