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NIBE Industrier AB (publ)

NIBE Industrier AB (publ)

NIBE-B.ST
NIBE Industrier AB (publ)SE flagStockholm Stock Exchange
35.92
SEK
+1.28
- -
72.42BMarket Cap
NIBE Industrier AB (publ)
NIBE-B.ST
(Stockholm Stock Exchange)

Recent

price

35.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.13
4.82
4.97
5.32
5.96
7.16
8.17
9.43
11.17
12.57
13.46
15.29
19.88
23.14
20.1
20.26
20.13
Revenue per Share
0.35
0.41
0.41
0.46
0.53
0.67
0.73
0.84
1.03
1.08
1.42
1.65
2.16
2.37
0.58
1.13
1.18
Basic EPS, GAAP
0.39
0.48
0.4
0.41
0.58
0.84
0.71
0.7
0.58
0.97
1.93
0.96
0.19
-0.57
0.67
1.61
2.56
Free Cash Flow per Basic Share
0.08
0.1
0.12
0.12
0.14
0.16
0.2
0.22
0.26
0.33
0.35
0.39
0.5
0.65
0.65
0.3
- -
Dividend per Share
1.53
1.73
1.87
2.22
2.61
3.04
3.52
3.92
4.7
5.38
6.46
7.77
9.61
11.29
11.21
12.06
- -
Book Value per Share
0.82
-0.68
-0.4
-0.31
-1.71
-1.5
-1.38
-0.96
-0.8
-0.55
-0.61
0.64
2.68
-0.4
-0.05
0.4
0.75
Tangible Book Value per Share
1,576
1,688
1,849
1,850
1,850
1,850
1,878
2,016
2,016
2,016
2,016
2,016
2,016
2,016
2,016
2,016
2,028
Basic Weighted Avg Shares
6,512
8,140
9,192
9,834
11,033
13,243
15,348
19,009
22,516
25,342
27,146
30,832
40,071
46,649
40,521
40,841
40,818
Sales/Revenue/Turnover
12.23
10.88
10.41
11.18
11.84
12.22
12.22
11.77
12.04
11.48
12.12
13.53
13.03
13.78
4.49
9.94
10.32
Operating Margin (%)
216
275
370
387
406
480
548
641
691
1,036
1,239
1,298
1,597
1,824
2,245
2,145
- -
Depreciation Expense
553
691
764
858
982
1,237
1,376
1,703
2,074
2,170
2,866
3,320
4,351
4,785
1,173
2,277
2,390
Net Income, GAAP
25.77
26.53
24.06
23.19
23.99
23.36
26.46
21.95
22.31
22.99
20.09
21.77
22.56
24.25
24.35
27.73
27.83
Effective Tax Rate (%)
8.49
8.49
8.31
8.72
8.9
9.34
8.97
8.96
9.21
8.56
10.56
10.77
10.86
10.26
2.89
5.58
5.86
Profit Margin (%)
1,309
2,069
2,134
3,035
3,791
3,358
2,825
4,508
5,723
5,761
3,931
7,291
8,399
8,633
7,776
7,700
8,374
Working Capital
923
4,198
3,816
4,225
7,236
6,777
5,457
6,531
6,941
6,988
5,641
6,967
6,185
15,111
16,652
15,399
16,465
LT Debt
2,483
4,487
4,858
5,575
6,560
7,428
12,129
12,807
15,421
17,604
17,737
21,657
27,973
30,207
32,140
30,290
31,614
Total Equity
16.02
10.04
7.84
8.74
8.2
8.67
7.92
8.35
9.19
8.59
9.43
10.91
11.28
10.64
2.55
5.39
5.63
Return on Invested Capital (%)
17.13
13.27
10.6
11.2
10.02
10.6
10.67
11.56
12.63
11.79
13.49
13.99
16.04
14.64
5.01
6.55
10.3
Return on Capital (%)
25.18
25.92
23.9
22.67
22
23.67
22.48
23.45
23.85
21.35
24.01
23.14
24.84
22.71
5.17
9.71
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6,886
6,428
6,293
LT Borrowings
17,025
13,912
16,465
LT Finance Leases
- -
1,487
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,016
2,016
2,016
Market Capitalization
75,637
72,606
78,244

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
22,460
21,651
22,442
Cash, Cash Equivalents & STI
4,704
5,458
5,507
Accounts Receivable, Net
7,995
5,317
7,437
Inventories
9,761
9,167
9,498
Total Current Liabilities
14,839
13,951
14,068
Payables & Accruals
- -
- -
- -
ST Debt
6,886
6,428
6,293
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.41%
11.98%
-5.76%
Free Cash Flow
-47.69%
-123.48%
138.34%
Net Income, GAAP
16.9%
15.1%
94.12%
Sales/Revenue/Turnover
12.55%
9.52%
0.79%
Total Cash Common Dividend
- -
- -
-53.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,494
10,035
9,967
11,025
40,521
2025
9,673
10,082
10,086
11,000
40,841
2026
9,650
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.42
0.11
0.22
0.68
0.58
2025
0.19
0.24
0.3
0.39
1.13
2026
0.25
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.65
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
- -
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Business
NIBE Industrier AB (publ) develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort and components for intelligent heating and control; operates through three business areas including NIBE Climate Solutions, which offers heat pumps, ventilation products and air conditioning, climate control systems, water heaters and accumulator tanks, district heating products, photovoltaic panels, domestic boilers, commercial washing machines, and tumble dryers for residential homes, apartment blocks, hotels, hospitals, and commercial properties; NIBE Element, which provides tubular, aluminum, foil, thick film, PTC, high-power, and ceramic heating elements, open spirals and tapes, heating cables and jackets, vacuum brazing, heat pump technology, resistors, heat exchangers, temperature sensors, flexible hoses, and control equipment for domestic appliances, commercial products, professional kitchens, energy, transport, advanced technology, medicine, aviation, and industrial projects; and NIBE Stoves, which supplies free-standing wood-burning, gas, and electric stoves, heat-retaining products, chimney systems, and accessories. The company, founded in 1949 and headquartered in Markaryd, Sweden, serves customers in Nordic countries, the rest of Europe, North America, and other international markets within the sustainable energy and heating sector. Recent developments include the acquisition of a 70% stake in Selmo Srl, alongside earlier strategic purchases such as Climate for Life in the Netherlands in 2023, Argoclima S.p.A. in Italy and Solzaima in Portugal in 2022-2023, ELMESS-Klöpper Group in Germany and Ceramicx in Ireland in 2022-2023, which bolster its climate solutions, stoves, and element capabilities; implementation of a comprehensive cost-saving action program and production adjustments in 2024 to address market challenges and target restored operating margins by 2025; and ongoing capacity expansions and product innovations focused on organic growth in heat pumps and efficiency enhancements across business areas.