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Nobia AB (NOBI) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 2.1B SEK

NA Nobia AB NOBI · ST
Pricekr 15.87
Fair Valuekr 10.85
Upside-31.6%
Quality19/100
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Weak Growth
Loss-making · -58.9% net margin
High debt · negative free cash flow
Mixed vs. peers (6/12)
Narrow moat 17/100
Evidence: Low Range kr 2.17 – kr 21.62 Share as image

Fair value as of: Jul 17, 2026

From 2 valuation models · updated 24 days ago

Share price +20.6% over the past month.

Below-average quality, and screening another 32% overvalued on our models.

What matters now

  • Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (kr 2.17 to kr 21.62). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

kr 239.45 kr 12.88 Fair Value kr 10.85 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range kr 12.88 – kr 239.45 · fair‑value band kr 2.17 – kr 21.62 · the kr 15.87 price screens above the kr 10.85 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Nobia AB (NOBI) currently trades at kr 15.87, while our model-based Fair Value estimate is kr 10.85, implying the stock looks roughly 31.6% overvalued today. The Quality Score stands at 19/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Nobia AB generated revenue of 5.6B SEK at a net margin of -58.9%. Revenue declined 1.5% year over year. It earns a return on equity of -21.2%. Net debt stands at 5.7B SEK. Fundamentals as of Jul 17, 2026

Our scenario range runs from kr 2.17 (bear case) to kr 21.62 (bull case); at kr 15.87, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 59% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -32%, NOBI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
EV/EBITDA kr 18.60 kr 31.28 kr 43.96 54
NCAV (Graham) kr 3.13 kr 4.19 kr 6.25 50
All 2 models by family
Multiples
EV/EBITDA kr 18.60 kr 31.28 kr 43.96 54
Asset-Based
NCAV (Graham) kr 3.13 kr 4.19 kr 6.25 50

Widest divergence: Multiples (kr 31.28) versus Asset-Based (kr 4.19). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 5.6B SEK
Revenue growth (YoY) -1.5%
Net margin -58.9%
Return on equity -21.2%
Free cash flow −345M SEK FY2025
Operating margin 5.1%
More key figures
EPS (TTM) kr -6.96
EPS growth (YoY) +116%
Net debt 5.7B SEK FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 19/100

Of which business quality 18 · Market factors (momentum, volatility) 17

Profitability 16
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nobia AB (publ) engages in the development, manufacture, and sale of kitchen solutions in Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, France, Iceland, and internationally. It provides installation services for kitchen and other products.

Full company description

Nobia AB (publ) engages in the development, manufacture, and sale of kitchen solutions in Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, France, Iceland, and internationally. It provides installation services for kitchen and other products. The company sells its products under the various brands including CIE, Commodore, Gower, HTH, Invita, Magnet, Marbodal, Norema, Novart, Sigdal, Superfront, and uno form brands. In addition, it sells its products through own stores, franchise stores, builder merchants, DIY stores and other retailers. Nobia AB (publ) was incorporated in 1995 and is headquartered in Stockholm, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nobia AB reported revenue of kr 5.6B in FY2025 versus kr 13.7B in FY2021, a compound −20.0%/yr. Reported net income was −kr 3.0B in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.6B SEK
Latest YoY
−46.7%
Avg. growth/yr (3Y) 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.
−27.8%
Avg. growth/yr (5Y) 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.
−15.1%
Avg. growth/yr (25Y) 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.
+1.3%
Revenue −20.0%/yr
FY21 kr 13.7B
FY22 kr 14.9B
FY23 kr 13.4B
FY24 kr 10.5B
FY25 kr 5.6B
Net income
FY21 kr 706M
FY22 −kr 2.0M
FY23 −kr 347M
FY24 −kr 1.3B
FY25 −kr 3.0B

NOBI screens 32% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "Nobia AB Fair Value". https://www.fairvalue-calculator.com/stock/NOBI

Peer Group

Furnishings, Fixtures & Appliances · 311 stocks

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.

Quality Score 18 · Bottom 25%
Fair Value upside −32% · Below median
Return on assets -0% · Below median
Net margin (TTM) -59% · Bottom 25%
Operating margin (TTM) 5% · Above median
Revenue growth -2% · Above median
Debt / equity 3.15× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
EV/EBITDA 2.0× · Cheaper than 75% of peers
PEG 0.33× · Cheaper than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

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Frequently asked questions

Is Nobia AB (NOBI) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of kr 10.85 versus a price of kr 15.87, about −32% (overvalued).
What is the fair value of NOBI?
Our model-based fair value for Nobia AB is kr 10.85 (as of Jul 17, 2026), built from audited fundamentals. The current price is kr 15.87.
What is the quality score of NOBI?
Nobia AB has a Quality Score of 19/100. 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 revenue of Nobia AB (NOBI)?
Nobia AB reported trailing-twelve-month revenue of about 5.6B SEK (latest available figure, as of Jul 17, 2026).
What is the net profit margin of NOBI?
The net profit margin of Nobia AB is about -58.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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