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1. Company Snapshot

1.a. Company Description

Nobia AB (publ) develops, manufactures, and sells kitchen solutions to consumer and professional customers.The company offers cabinets, drawers, fronts, panels, bases, cabinet fixtures, worktops, sinks, mixer taps, appliances, kitchen fans, handles, and others.It sells its products under various brands, including A la Carte, Bribus, Commodore & CIE, ewe, FM, Gower, HTH, INTUO, Invita, Magnet, Marbodal, Norema, Petra, Rixonway Kitchens, Sigdal, and uno form brands.


The company sells its products through approximately 225 own stores; and a network of 168 franchise stores and 1,400 retail stores, including furniture stores, builders' merchants, DIY stores, and independent kitchen specialists.It also provides installation services for kitchen products.In addition, the company exports its products.


It serves in Sweden, Denmark, Norway, Finland, the United Kingdom, Germany, the Netherlands, Austria, and internationally.The company was founded in 1996 and is headquartered in Stockholm, Sweden.

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1.b. Last Insights on NOBI

Nobia AB's recent performance was hindered by a decline in organic net sales, despite improved margins and cost savings. The company's Q1 2025 earnings call highlighted significant cash flow improvements and record gross margins, but also noted the challenges posed by the UK market decline. Furthermore, the company is navigating strategic shifts, which may impact its short-term performance. The UK market's downturn is a notable concern, as it has historically been a significant contributor to Nobia's revenue.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Nobia (OM:NOBI): Losses Have Widened 72.4% Annually, Challenging Turnaround Optimism

Nov -05

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Nobia AB (FRA:NI8) Q3 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...

Nov -04

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Nobia AB (FRA:NI8) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...

Jul -19

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Sweden Furniture Market Outlook 2025-2026, with Profiles of Top 70 Key Players including Elbe, IKEA, ITAB, Jysk, Kinnarps, Nobia, Swedwood & more

Jun -20

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Nobia AB (NBIAY) Q1 2025 Earnings Call Highlights: Strong Cash Flow and Margin Gains Amid UK ...

Apr -30

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Nobia AB (NBIAY) Q4 2024 Earnings Call Highlights: Navigating Challenges with Strategic Initiatives

Feb -05

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.66%)

6. Segments

Kitchen Furnishings

Expected Growth: 4.65%

Nobia AB's 4.65% growth in Kitchen Furnishings is driven by increasing demand for premium kitchen solutions, expansion in e-commerce channels, and strategic acquisitions. Additionally, the company's focus on innovative and sustainable products, as well as its strong brand portfolio, contribute to its growth momentum.

Other Products

Expected Growth: 4.65%

Nobia AB's 4.65% growth in Other Products is driven by increasing demand for premium kitchen solutions, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on innovative products, operational efficiency, and strong brand recognition contribute to its growth momentum.

Installation Services

Expected Growth: 4.83%

Nobia AB's Installation Services segment growth of 4.83% is driven by increasing demand for kitchen solutions, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on digitalization, operational efficiency, and customer-centric approach have contributed to the growth. Furthermore, the rising trend of home renovations and remodeling has also boosted demand for Nobia's installation services.

7. Detailed Products

Kitchens

Nobia AB (publ) offers a wide range of kitchen solutions, including kitchen furniture, worktops, and appliances, designed to provide customers with a comprehensive kitchen experience.

Worktops

Nobia AB (publ) provides a variety of worktops, including laminate, solid surface, and natural stone, designed to complement its kitchen furniture and appliances.

Appliances

Nobia AB (publ) offers a range of kitchen appliances, including ovens, hobs, and refrigerators, designed to integrate seamlessly with its kitchen furniture and worktops.

Furniture for Bathrooms and Bedrooms

Nobia AB (publ) provides a range of furniture solutions for bathrooms and bedrooms, including cabinets, mirrors, and storage solutions, designed to provide customers with a comprehensive furniture solution.

8. Nobia AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Nobia AB (publ) is moderate due to the presence of alternative products and services in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of customers in the market, giving them significant negotiating power.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers in the market, reducing their negotiating power.

Threat Of New Entrants

The threat of new entrants is moderate due to the presence of barriers to entry, such as high capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established competitors in the market, leading to intense competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 49.05%
Debt Cost 5.92%
Equity Weight 50.95%
Equity Cost 10.67%
WACC 8.34%
Leverage 96.28%

11. Quality Control: Nobia AB (publ) passed 0 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Villeroy & Boch

A-Score: 5.6/10

Value: 7.7

Growth: 3.9

Quality: 3.2

Yield: 8.8

Momentum: 3.0

Volatility: 7.3

1-Year Total Return ->

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Stock-Card
DFS

A-Score: 5.4/10

Value: 7.8

Growth: 5.0

Quality: 4.2

Yield: 3.8

Momentum: 6.5

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Roche Bobois

A-Score: 4.5/10

Value: 5.4

Growth: 4.0

Quality: 4.0

Yield: 6.9

Momentum: 1.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
Fenix Outdoor

A-Score: 3.6/10

Value: 5.2

Growth: 4.0

Quality: 3.8

Yield: 3.1

Momentum: 0.5

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Nobia

A-Score: 3.2/10

Value: 8.5

Growth: 0.2

Quality: 0.8

Yield: 5.0

Momentum: 4.0

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
Victoria

A-Score: 3.0/10

Value: 10.0

Growth: 2.0

Quality: 5.4

Yield: 0.0

Momentum: 0.0

Volatility: 0.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

4.1$

Current Price

4.1$

Potential

-0.00%

Expected Cash-Flows