Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Research

Short-term slowdown in a long-term growth market

By Inderes
Nibe Industrier
Download report (PDF)

The Q4 figures offered no major negative surprises and was overall in line with our and consensus forecast. However, the company’s comments regarding the outlook for European Climate Solution sales, as well as the planned action program indicates a continued weak market situation during the year. We made negative revisions to our forecasts mainly for the current year, but we kept our long-term estimates. In the short term, the stock is still quite expensive on an earnings basis (2024e: P/E adj. 27x). However, we feel that the share is fairly priced to the earnings level in medium term.

Nibe Industrier operates in the manufacturing industry and focuses on the development, manufacture and distribution of heat pumps and energy solutions. The company's products are aimed at private individuals and companies looking for energy-efficient solutions. The business is global with a main presence in Europe. Nibe Industrier was founded in 1989 and has its headquarters in Markaryd, Sweden.

Read more on company page

Key Estimate Figures19.02.2024

202324e25e
Revenue46,649.047,084.150,100.5
growth-%16.4 %0.9 %6.4 %
EBIT (adj.)7,069.06,077.27,110.2
EBIT-% (adj.)15.2 %12.9 %14.2 %
EPS (adj.)2.422.192.54
Dividend0.650.550.80
Dividend %0.9 %1.6 %2.3 %
P/E (adj.)29.216.113.9
EV/EBITDA18.212.18.9
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.