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NIBE Industrier AB (publ)OM:NIBE B Stock Report

Market Cap SEK 91.3b
Share Price
SEK 45.27
SEK 40.77
11.0% overvalued intrinsic discount
1Y7.0%
7D10.4%
Portfolio Value
View

NIBE Industrier AB (publ)

OM:NIBE B Stock Report

Market Cap: SEK 91.3b

NIBE Industrier (NIBE B) Stock Overview

Develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control. More details

NIBE B fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health4/6
Dividends0/6

NIBE B Community Fair Values

Create Narrative

See what 60 others think this stock is worth. Follow their fair value or set your own to get alerts.

NIBE Industrier AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for NIBE Industrier
Historical stock prices
Current Share PriceSEK 45.27
52 Week HighSEK 47.64
52 Week LowSEK 31.21
Beta0.97
1 Month Change18.35%
3 Month Change23.69%
1 Year Change7.02%
3 Year Change-60.39%
5 Year Change-44.44%
Change since IPO15,996.00%

Recent News & Updates

Narrative Update Apr 21

NIBE B: Dividend And Execution Confidence Will Drive Future Upside

Analysts have maintained their price target for NIBE Industrier at SEK55.0. This reflects a balance between the recent resumption of coverage with an Outperform rating and a downgrade from another firm, and incorporates slightly updated assumptions on growth, margins, discount rate and future P/E. Analyst Commentary Recent Street research on NIBE Industrier shows a split view, with one firm resuming coverage with an Outperform rating and another downgrade highlighting caution.
Narrative Update Apr 07

NIBE B: Earnings Quality And Cost Control Will Drive Future Upside

Narrative Update on NIBE Industrier Analysts have reduced their price target for NIBE Industrier from SEK 67.00 to SEK 55.00, citing updated assumptions for growth, profitability and valuation multiples. This change is accompanied by a more cautious stance reflected in recent Street research downgrades.
Narrative Update Mar 23

NIBE B: Future Upside Will Stem From Resilient Margins Despite Downgrade

NIBE Industrier's analyst price target has been adjusted slightly higher to SEK44.25 from SEK44.30. Analysts cited more cautious views, including a recent downgrade, while fine tuning fair value assumptions, discount rates, revenue growth expectations, profit margins and future P/E estimates.

Recent updates

Narrative Update Apr 21

NIBE B: Dividend And Execution Confidence Will Drive Future Upside

Analysts have maintained their price target for NIBE Industrier at SEK55.0. This reflects a balance between the recent resumption of coverage with an Outperform rating and a downgrade from another firm, and incorporates slightly updated assumptions on growth, margins, discount rate and future P/E. Analyst Commentary Recent Street research on NIBE Industrier shows a split view, with one firm resuming coverage with an Outperform rating and another downgrade highlighting caution.
Narrative Update Apr 07

NIBE B: Earnings Quality And Cost Control Will Drive Future Upside

Narrative Update on NIBE Industrier Analysts have reduced their price target for NIBE Industrier from SEK 67.00 to SEK 55.00, citing updated assumptions for growth, profitability and valuation multiples. This change is accompanied by a more cautious stance reflected in recent Street research downgrades.
Narrative Update Mar 23

NIBE B: Future Upside Will Stem From Resilient Margins Despite Downgrade

NIBE Industrier's analyst price target has been adjusted slightly higher to SEK44.25 from SEK44.30. Analysts cited more cautious views, including a recent downgrade, while fine tuning fair value assumptions, discount rates, revenue growth expectations, profit margins and future P/E estimates.
Narrative Update Mar 09

NIBE B: Future Upside Will Stem From Resilient Margins Despite Recent Downgrade

Analysts have trimmed their price target on NIBE Industrier slightly to SEK44.30 from SEK44.63, reflecting updated assumptions around revenue growth, profit margins and future P/E after recent Street research turned more cautious on the shares. Analyst Commentary Recent research has tilted more cautious, with some bearish analysts reassessing NIBE Industrier’s risk and reward profile.
Narrative Update Feb 23

NIBE B: Index Exit And Downgrade Will Expose Fragile Earnings Assumptions

The latest analyst price target for NIBE Industrier has moved to SEK31.30. This change reflects more cautious revenue growth assumptions, a slightly lower discount rate and relatively stable profit margin and P/E expectations, as some analysts have turned more negative on the shares.
Narrative Update Feb 08

NIBE B: Index Removal Will Likely Highlight Fragile Earnings Assumptions

Analysts have nudged their price target for NIBE Industrier slightly higher to €31.30. This reflects modest tweaks to their models around discount rate, revenue growth assumptions and profit margins, while the forward P/E view remains broadly unchanged.
Narrative Update Jan 25

NIBE B: Index Removal Will Likely Expose Overstretched Earnings Multiple

Analysts have lifted their fair value estimate for NIBE Industrier from €24.49 to €31.30, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers of this change. What's in the News NIBE Industrier AB has been removed from the OMX Nordic 40 Index, which may affect how some index funds and benchmarked investors hold or trade the shares (Key Developments).
Narrative Update Jan 10

NIBE B: Future Upside Will Stem From Reassessed Risk And Earnings Multiple

Narrative update on NIBE Industrier Analysts have nudged their fair value estimate for NIBE Industrier slightly lower to SEK 44.63 from SEK 44.73, citing refreshed assumptions around discount rate, revenue growth, profit margin and future P/E, alongside a recent upgrade to Buy from Hold with a SEK 48 price target in wider Street research. Analyst Commentary Recent Street research, including the latest upgrade and SEK 48 price target, gives you a sense of how analysts are framing the risk and reward around NIBE Industrier at current levels.
Narrative Update Dec 17

NIBE B: Future Upside Will Stem From Margin Recovery And Order Intake Normalization

Analysts have nudged their fair value estimate for NIBE Industrier higher to approximately SEK 44.73 from about SEK 43.90. This reflects slightly stronger long term growth and margin assumptions, in line with recent Buy rated street targets around SEK 48.00.
Narrative Update Dec 03

NIBE B: Future Upside Will Stem From Stable Margins And Improved Visibility

Analysts have raised their price target on NIBE Industrier to SEK 48 from SEK 44, citing a slightly lower discount rate, marginally improved long term revenue growth assumptions, and stable profitability supporting a more favorable risk reward profile. Analyst Commentary Bullish analysts highlight that the upgraded price target reflects growing confidence in NIBE Industrier's ability to deliver steady, long term growth while maintaining resilient margins, supporting the case for a higher valuation multiple.
Narrative Update Nov 19

NIBE B: Momentum Will Strengthen on Higher Demand and Energy Efficiency Trends

The analyst price target for NIBE Industrier was reduced from SEK 45.19 to SEK 43.90, as analysts anticipate higher revenue growth but expect a lower profit margin and a higher discount rate in the future. Analyst Commentary Analyst perspectives on NIBE Industrier reflect a mix of optimism about future growth potential and caution regarding profitability and execution risks.
Narrative Update Nov 03

NIBE B: Margin Upgrades And Positive Outlook Signal Renewed Upside Potential

Analysts have slightly lowered their price target for NIBE Industrier from SEK 45.89 to SEK 45.19. This revision is due to updated views on growth prospects, even though there was a recent upgrade in the stock rating based on improved margin expectations and a positive outlook from research firms.
Narrative Update Aug 27

Investments In Automation And North American Expansion Will Support Future Operations

The upward revision in NIBE Industrier’s consensus price target reflects improved revenue growth expectations and a higher anticipated P/E multiple, lifting fair value from SEK44.39 to SEK45.89. Valuation Changes Summary of Valuation Changes for NIBE Industrier The Consensus Analyst Price Target has risen slightly from SEK44.39 to SEK45.89.
New Narrative Mar 20

NIBE Industrier Will Ride the Green Energy Subsidy Wave

✅ Heat Pump Market Growth – The global heat pump industry is growing at 10%+ CAGR, driven by electrification and decarbonization efforts.
User avatar
New Narrative Nov 20

Expanding Into North America And Sector Recovery Pave The Way For Profitability Growth

Positive 2025 outcomes are expected from NIBE's action program, with improved margins and profitability, aided by stabilized inventory levels.

Shareholder Returns

NIBE BSE BuildingSE Market
7D10.4%4.0%3.7%
1Y7.0%16.1%15.7%

Return vs Industry: NIBE B underperformed the Swedish Building industry which returned 13.7% over the past year.

Return vs Market: NIBE B underperformed the Swedish Market which returned 12.8% over the past year.

Price Volatility

Is NIBE B's price volatile compared to industry and market?
NIBE B volatility
NIBE B Average Weekly Movement7.3%
Building Industry Average Movement4.9%
Market Average Movement6.5%
10% most volatile stocks in SE Market13.1%
10% least volatile stocks in SE Market3.7%

Stable Share Price: NIBE B has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: NIBE B's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194919,366Gerteric Lindquistwww.nibe.com

NIBE Industrier AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort, and components and solutions for intelligent heating and control. It operates through NIBE Climate Solutions, NIBE Element, and NIBE Stoves business areas. The NIBE Climate Solutions business area offers indoor climate comfort products, such as heat pumps, water heaters, refrigeration systems, accumulator tanks, ventilation systems, climate control systems, and district heating products for homes, apartment blocks, and commercial properties.

NIBE Industrier AB (publ) Fundamentals Summary

How do NIBE Industrier's earnings and revenue compare to its market cap?
NIBE B fundamental statistics
Market capSEK 91.27b
Earnings (TTM)SEK 2.28b
Revenue (TTM)SEK 40.84b
40.1x
P/E Ratio
2.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NIBE B income statement (TTM)
RevenueSEK 40.84b
Cost of RevenueSEK 27.98b
Gross ProfitSEK 12.87b
Other ExpensesSEK 10.59b
EarningsSEK 2.28b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 19, 2026

Earnings per share (EPS)1.13
Gross Margin31.50%
Net Profit Margin5.58%
Debt/Equity Ratio66.3%

How did NIBE B perform over the long term?

See historical performance and comparison

Dividends

0.8%
Current Dividend Yield
31%
Payout Ratio

Does NIBE B pay a reliable dividends?

See NIBE B dividend history and benchmarks
When do you need to buy NIBE B by to receive an upcoming dividend?
NIBE Industrier dividend dates
Ex Dividend DateMay 20 2026
Dividend Pay DateMay 26 2026
Days until Ex dividend12 days
Days until Dividend pay date18 days

Does NIBE B pay a reliable dividends?

See NIBE B dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 11:24
End of Day Share Price 2026/05/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NIBE Industrier AB (publ) is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
George FeatherstoneBarclays
James WinchesterBarclays
Philip BullerBerenberg