Nimbus Group AB (BOAT) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Nimbus Group AB SEK 8.20, price SEK 11.65, upside -29.6%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 10.10 – kr 78.83 · fair‑value band kr 5.41 – kr 10.25 · the kr 11.65 price screens above the kr 8.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Nimbus Group AB (Publ) designs, manufactures, and markets leisure motorboats in the Nordics, Europe, North America, and internationally. It also provides spare parts and accessories; aftermarket services; and winter storage services.
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Nimbus Group AB (Publ) designs, manufactures, and markets leisure motorboats in the Nordics, Europe, North America, and internationally. It also provides spare parts and accessories; aftermarket services; and winter storage services. The company offers its products under the Nimbus, Alukin, Aquador, Bella, Falcon, Flipper, EdgeWater, and Paragon Yachts brand names. Nimbus Group AB (Publ) was founded in 1968 and is based in Västra Frölunda, Sweden.
Stock analysis
Nimbus Group AB (BOAT) currently trades at kr 11.65, while our model-based Fair Value estimate is kr 8.20, implying the stock looks roughly 42.1% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: kr 5.41 (bear) to kr 10.25 (bull), the price of kr 11.65 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Nimbus Group AB reported revenue of 1.4B SEK in FY2025 versus 1.5B SEK in FY2021, a compound −1.6%/yr. Reported net income was −168M SEK in FY2025.
Key figures
Market cap 496M SEK (≈ $50.0M) · P/S ratio 0.37 · EPS (TTM) kr −3.30 · Net margin −12.3% · Return on equity −13.5% · Return on assets (EBIT) 4.7% · Operating margin −11.8% · Revenue (TTM) 1.3B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 57% fair-value upside, at −30%, BOAT screens richer than that median.
Fair Value models
Bear kr 5.41Fair Value kr 8.20Bull kr 10.25
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
6.4% (2020) → −5.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Recreational Vehicles · 40 stocks
Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score36 · Below median
Fair Value upside−31% · Below median
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−11% · Bottom 25%
Operating margin (TTM)−12% · Below median
Growth and dividend
Revenue growth−14% · Bottom 25%
Valuation Multiplesvs Recreational Vehicles median · lower = cheaper
P/B0.05× · Cheapest 25%
P/S (TTM)0.04× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 14
HEALTH (low debt)100· sector 89
DIVIDEND (yield)0· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Nimbus Group AB Fair Value". https://www.fairvalue-calculator.com/stock/BOAT
Frequently asked questions
Is Nimbus Group AB (BOAT) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 8.20 versus a price of kr 11.65, about −30% upside (overvalued).
What is the fair value of BOAT?
Our model-based fair value for Nimbus Group AB is kr 8.20 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 11.65.
What is the quality score of BOAT?
Nimbus Group AB has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Nimbus Group AB (BOAT)?
Our model-based price target is the fair value of kr 8.20 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario kr 5.41, optimistic scenario kr 10.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Nimbus Group AB stock forecast for 2026?
Our models put fair value at kr 8.20, about −30% upside versus a price of kr 11.65 (overvalued). Cautious scenario kr 5.41, optimistic scenario kr 10.25. The calculation is refreshed regularly with new filings.
What is the revenue of Nimbus Group AB (BOAT)?
Nimbus Group AB reported trailing-twelve-month revenue of about 1.3B SEK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Nimbus Group AB (BOAT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nimbus Group AB it is kr 8.20 per share (as of Sep 24, 2026), against a price of kr 11.65. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Nimbus Group AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BOAT trades above its calculated fair value: price kr 11.65, fair value kr 8.20, a gap of about −30% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BOAT?
No. The price is what the market pays today (kr 11.65); the fair value is what the company's own numbers justify (kr 8.20). For Nimbus Group AB the two are kr 3.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nimbus Group AB worth?
The market values Nimbus Group AB at about 496M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 11.65; our models calculate a fair value of kr 8.20 per share.
What do the bullish and bearish scenarios say about BOAT?
Our models span a range for Nimbus Group AB: cautious scenario kr 5.41, base kr 8.20, optimistic kr 10.25 per share (as of Sep 24, 2026, price kr 11.65). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nimbus Group AB (BOAT)?
Balance-sheet figures for Nimbus Group AB (as of Sep 24, 2026): return on equity −13.5%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is BOAT from its 52-week high?
Nimbus Group AB trades at kr 11.65, about 24% below its 52-week high of kr 15.40 and 15% above the low of kr 10.10 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 8.20 is for.
Which stocks are comparable to Nimbus Group AB?
From the same area (Consumer Cyclical) we also value Zhejiang Cfmoto Power Co, Brunswick Corporation, BRP Inc, Polaris Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Nimbus Group AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 11.65, calculated fair value kr 8.20 (−30%), Quality Score 36/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BOAT calculated?
We run Nimbus Group AB through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 8.20, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Nimbus Group AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Nimbus Group AB (BOAT)?
The closing price on Sep 24, 2026 was kr 11.65. Our model-based fair value is kr 8.20, about −30% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nimbus Group AB right now?
The price sits above even our optimistic bull case (kr 10.25). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (kr 5.41 to kr 10.25) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Nimbus Group AB
How large is the market capitalisation of Nimbus Group AB (BOAT)?
The market capitalisation of Nimbus Group AB is 496M SEK (≈ $50.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Nimbus Group AB (BOAT)?
The price-to-sales ratio of Nimbus Group AB is 0.37 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nimbus Group AB (BOAT)?
Earnings per share at Nimbus Group AB are kr −3.30. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Nimbus Group AB (BOAT)?
The net margin of Nimbus Group AB is −12.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Nimbus Group AB (BOAT)?
The return on equity (ROE) of Nimbus Group AB is −13.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Nimbus Group AB (BOAT)?
On an EBIT basis the return on assets of Nimbus Group AB is 4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Nimbus Group AB (BOAT)?
The operating margin of Nimbus Group AB is −11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nimbus Group AB (BOAT)?
Revenue at Nimbus Group AB is growing −14.4% versus a year earlier (3y avg −7.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Nimbus Group AB (BOAT)?
Earnings per share at Nimbus Group AB are growing −50.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nimbus Group AB (BOAT) generate?
The free cash flow of Nimbus Group AB is −68.2M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nimbus Group AB (BOAT) carry?
The net debt of Nimbus Group AB is 260M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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