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Nobia

DB:NI8
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NI8
DB
SEK11B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Nobia AB (publ) develops, manufactures, and sells kitchen solutions to consumer and professional customers. The last earnings update was 22 days ago. More info.


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NI8 Share Price and Events
7 Day Returns
7.2%
DB:NI8
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
13.1%
DB:NI8
2.9%
DE Consumer Durables
8.8%
DE Market
NI8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nobia (NI8) 7.2% 17.5% 17.9% 13.1% - -
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • NI8 outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • NI8 outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
NI8
Industry
5yr Volatility vs Market

Value

 Is Nobia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nobia to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nobia.

DB:NI8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NI8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 22%) (34.59%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.023 * 5.96%)
6.32%

Discounted Cash Flow Calculation for DB:NI8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nobia is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:NI8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.32%)
2020 1,143.67 Analyst x3 1,075.63
2021 1,140.33 Analyst x3 1,008.70
2022 1,691.00 Analyst x1 1,406.82
2023 1,936.80 Est @ 14.54% 1,515.46
2024 2,135.20 Est @ 10.24% 1,571.31
2025 2,289.76 Est @ 7.24% 1,584.81
2026 2,407.35 Est @ 5.14% 1,567.09
2027 2,495.54 Est @ 3.66% 1,527.86
2028 2,561.24 Est @ 2.63% 1,474.80
2029 2,610.20 Est @ 1.91% 1,413.58
Present value of next 10 years cash flows SEK14,146.00
DB:NI8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK2,610.20 × (1 + 0.23%) ÷ (6.32% – 0.23%)
SEK42,908.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK42,908.92 ÷ (1 + 6.32%)10
SEK23,237.77
DB:NI8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK14,146.00 + SEK23,237.77
SEK37,383.77
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK37,383.77 / 168.69
SEK221.62
DB:NI8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NI8 represents 0.09154x of OM:NOBI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09154x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 221.62 x 0.09154
€20.29
Value per share (EUR) From above. €20.29
Current discount Discount to share price of €6.12
= -1 x (€6.12 - €20.29) / €20.29
69.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nobia is available for.
Intrinsic value
>50%
Share price is €6.12 vs Future cash flow value of €20.29
Current Discount Checks
For Nobia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nobia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nobia's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nobia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nobia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NI8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SEK SEK4.28
OM:NOBI Share Price ** OM (2019-11-14) in SEK SEK66.8
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nobia.

DB:NI8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:NOBI Share Price ÷ EPS (both in SEK)

= 66.8 ÷ 4.28

15.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nobia is good value based on earnings compared to the DE Consumer Durables industry average.
  • Nobia is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Nobia's expected growth come at a high price?
Raw Data
DB:NI8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
11.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:NI8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.61x ÷ 11.9%

1.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nobia is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nobia's assets?
Raw Data
DB:NI8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SEK SEK24.52
OM:NOBI Share Price * OM (2019-11-14) in SEK SEK66.8
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:NI8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:NOBI Share Price ÷ Book Value per Share (both in SEK)

= 66.8 ÷ 24.52

2.72x

* Primary Listing of Nobia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nobia is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Nobia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Nobia has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nobia expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nobia expected to grow at an attractive rate?
  • Nobia's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nobia's earnings growth is positive but not above the Germany market average.
  • Nobia's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NI8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NI8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 11.9%
DB:NI8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.7%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NI8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NI8 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,136
2021-12-31 14,493 1,847 1,035 3
2020-12-31 14,200 1,773 960 3
2019-12-31 14,028 1,654 858 3
2019-11-14
DB:NI8 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-09-30 13,875 1,382 722
2019-06-30 13,753 1,241 736
2019-03-31 13,505 1,183 743
2018-12-31 13,209 1,001 753
2018-09-30 12,935 991 922
2018-06-30 12,697 967 964
2018-03-31 12,602 966 982
2017-12-31 12,744 987 994
2017-09-30 12,783 1,263 1,001
2017-06-30 12,877 1,276 1,009
2017-03-31 12,872 1,310 1,002
2016-12-31 12,648 1,281 979

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nobia's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
  • Nobia's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NI8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Nobia Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NI8 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 6.14 6.84 5.68 3.00
2020-12-31 5.70 6.31 5.23 3.00
2019-12-31 5.09 5.20 5.00 3.00
2019-11-14
DB:NI8 Past Financials Data
Date (Data in SEK Millions) EPS *
2019-09-30 4.28
2019-06-30 4.36
2019-03-31 4.40
2018-12-31 4.46
2018-09-30 5.47
2018-06-30 5.72
2018-03-31 5.83
2017-12-31 5.90
2017-09-30 5.94
2017-06-30 5.99
2017-03-31 5.95
2016-12-31 5.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nobia is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Nobia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nobia has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nobia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nobia's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nobia's year on year earnings growth rate has been positive over the past 5 years.
  • Nobia's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nobia's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Nobia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nobia Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NI8 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 13,875.00 722.00 4,261.00
2019-06-30 13,753.00 736.00 4,184.00
2019-03-31 13,505.00 743.00 4,111.00
2018-12-31 13,209.00 753.00 4,048.00
2018-09-30 12,935.00 922.00 3,924.00
2018-06-30 12,697.00 964.00 3,847.00
2018-03-31 12,602.00 982.00 3,777.00
2017-12-31 12,744.00 994.00 3,783.00
2017-09-30 12,783.00 1,001.00 3,745.00
2017-06-30 12,877.00 1,009.00 3,753.00
2017-03-31 12,872.00 1,002.00 3,760.00
2016-12-31 12,648.00 979.00 3,716.00
2016-09-30 11,729.00 910.00 3,432.00
2016-06-30 11,934.00 913.00 3,557.00
2016-03-31 12,106.00 901.00 3,678.00
2015-12-31 12,266.00 870.00 3,795.00
2015-09-30 13,044.00 795.00 4,147.00
2015-06-30 12,535.00 728.00 4,053.00
2015-03-31 11,967.00 646.00 3,920.00
2014-12-31 11,411.00 594.00 3,768.00
2014-09-30 11,306.00 603.00 3,821.00
2014-06-30 11,409.00 511.00 3,911.00
2014-03-31 11,664.00 438.00 4,078.00
2013-12-31 11,773.00 366.00 4,191.00
2013-09-30 11,961.00 -411.00 4,265.00
2013-06-30 12,026.00 -436.00 4,311.00
2013-03-31 12,213.00 -491.00 4,384.00
2012-12-31 12,343.00 -526.00 4,461.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nobia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nobia used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Nobia's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nobia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nobia has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nobia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nobia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nobia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nobia's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nobia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nobia Company Filings, last reported 1 month ago.

DB:NI8 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 4,136.00 1,254.00 220.00
2019-06-30 3,843.00 1,351.00 126.00
2019-03-31 4,245.00 864.00 222.00
2018-12-31 3,897.00 921.00 128.00
2018-09-30 3,954.00 1,023.00 145.00
2018-06-30 3,873.00 529.00 52.00
2018-03-31 4,605.00 7.00 536.00
2017-12-31 4,154.00 4.00 473.00
2017-09-30 3,647.00 6.00 264.00
2017-06-30 3,403.00 51.00 138.00
2017-03-31 3,600.00 809.00 1,243.00
2016-12-31 3,419.00 804.00 1,005.00
2016-09-30 3,549.00 811.00 812.00
2016-06-30 3,552.00 817.00 616.00
2016-03-31 3,814.00 819.00 804.00
2015-12-31 3,822.00 809.00 765.00
2015-09-30 3,733.00 813.00 863.00
2015-06-30 3,439.00 813.00 622.00
2015-03-31 3,293.00 815.00 723.00
2014-12-31 3,196.00 806.00 470.00
2014-09-30 3,021.00 810.00 546.00
2014-06-30 3,409.00 827.00 410.00
2014-03-31 3,198.00 807.00 348.00
2013-12-31 3,158.00 808.00 278.00
2013-09-30 2,844.00 845.00 149.00
2013-06-30 2,807.00 1,037.00 165.00
2013-03-31 2,500.00 1,118.00 140.00
2012-12-31 2,662.00 1,064.00 171.00
  • Nobia's level of debt (30.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.8% vs 30.3% today).
  • Debt is well covered by operating cash flow (110.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.8x coverage).
X
Financial health checks
We assess Nobia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nobia has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nobia's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.99%
Current annual income from Nobia dividends. Estimated to be 6.77% next year.
If you bought €2,000 of Nobia shares you are expected to receive €120 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nobia's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Nobia's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NI8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NI8 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 4.60 1.00
2021-12-31 4.82 3.00
2020-12-31 4.50 3.00
2019-12-31 4.23 3.00
2019-11-14
DB:NI8 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-05-02 4.000 6.985
2018-03-20 3.500 5.756
2018-02-06 3.500 4.988
2017-04-06 3.000 3.823
2016-04-11 2.500 3.076
2015-02-13 1.750 1.926
2014-03-14 1.000 1.696
2013-02-13 0.500 1.091
2010-01-15 0.000 0.000
2009-10-23 0.000 0.000
2009-07-17 0.000 0.000
2009-04-24 0.000 0.000
2009-04-02 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Nobia has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Nobia only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Nobia's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Nobia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nobia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nobia has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Nobia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jon Sintorn
TENURE AS CEO 0.2 years
CEO Bio

Mr. Jon Sintorn has been President and Chief Executive Officer of Nobia AB (publ) since September 1, 2019. Mr. Sintorn was the President and Chief Executive Officer of Permobil AB and Permobil, Inc. till August 31, 2018.

CEO Compensation
  • Insufficient data for Jon to compare compensation growth.
  • Insufficient data for Jon to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Nobia management team in years:

3
Average Tenure
54
Average Age
  • The tenure for the Nobia management team is about average.
Management Team

Jon Sintorn

TITLE
President & CEO
TENURE
0.2 yrs

Kristoffer Ljungfelt

TITLE
Chief Financial Officer
AGE
42
TENURE
3 yrs

David Thorne

TITLE
Chief Information Officer
AGE
56
TENURE
3.1 yrs

Tobias Norrby

TITLE
Head of Investor Relations

Dan Josefsberg

TITLE
Executive VP and Chief Marketing
AGE
46
TENURE
0.7 yrs

Thomas Myringer

TITLE
Executive VP & Human Resources Director
AGE
59

Peter Kane

TITLE
Head of Magnet & Executive VP of UK Region
AGE
54

Rune Stephansen

TITLE
Executive VP & Head of Commercial Denmark
AGE
54
TENURE
3.8 yrs

Ole Dalsbø

TITLE
Executive VP & Head of Commercial Norway
AGE
53

Amanda Jackson

TITLE
Head of Sustainability
Board of Directors Tenure

Average tenure and age of the Nobia board of directors in years:

2.8
Average Tenure
48
Average Age
  • The average tenure for the Nobia board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hans Eckerström

TITLE
Chairman of the Board
COMPENSATION
SEK900K
AGE
47
TENURE
1.6 yrs

Nora Larssen

TITLE
Independent Director
COMPENSATION
SEK520K
AGE
54
TENURE
8.8 yrs

Terese Asthede

TITLE
Board Member
AGE
48
TENURE
0.8 yrs

Stefan Jakobsson

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
67
TENURE
5.6 yrs

George M. Adams

TITLE
Independent Director
COMPENSATION
SEK400K
AGE
63
TENURE
2.8 yrs

Jill Little

TITLE
Non-Executive Director
COMPENSATION
SEK400K
AGE
66
TENURE
2.8 yrs

Marléne Forsell

TITLE
Director
AGE
43
TENURE
0.5 yrs

Susanna Levinsson

TITLE
Deputy Director
AGE
46
TENURE
2.8 yrs

Mats Karlsson

TITLE
Deputy Board Member
AGE
43
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Jun 19 Buy Ralph Kobsik Individual 04. Jun 19 04. Jun 19 2,399 €4.99 €11,978
24. May 19 Buy Kristoffer Ljungfelt Individual 22. May 19 22. May 19 2,200 €5.08 €11,172
09. May 19 Buy Morten Falkenberg Individual 09. May 19 09. May 19 44,574 €5.27 €233,533
07. May 19 Buy Kristoffer Ljungfelt Individual 06. May 19 06. May 19 2,600 €5.27 €13,709
25. Mar 19 Buy Morten Falkenberg Individual 21. Mar 19 21. Mar 19 5,526 €5.46 €30,188
05. Mar 19 Buy Morten Falkenberg Individual 08. Feb 19 08. Feb 19 3,784 €4.79 €18,116
04. Mar 19 Buy Morten Falkenberg Individual 04. Mar 19 04. Mar 19 3,355 €5.43 €18,211
10. Feb 19 Buy Rune Stephansen Individual 08. Feb 19 08. Feb 19 10,000 €4.85 €48,495
08. Feb 19 Buy Morten Falkenberg Individual 08. Jan 19 08. Jan 19 3,784 €4.92 €18,609
28. Dec 18 Buy Morten Falkenberg Individual 28. Dec 18 28. Dec 18 3,893 €4.72 €18,374
04. Dec 18 Buy Morten Falkenberg Individual 03. Dec 18 03. Dec 18 3,503 €5.41 €18,947
X
Management checks
We assess Nobia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nobia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Nobia AB (publ) develops, manufactures, and sells kitchen solutions to consumer and professional customers. It offers cabinets, drawers, fronts, panels, bases, cabinet fixtures, worktops, sinks, mixer taps, appliances, kitchen fans, and handles. The company sells its products under various brands, including HTH, Marbodal, Sigdal, Invita, Norema, Petra, À la carte, uno form, Magnet, Commodore and CIE, bribus, Rixonway Kitchens, Gower, ewe, FM, and Intuo brands. It sells its products through approximately 248 own stores; and a network of 156 franchise stores and 1,500 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, France, Germany, the Netherlands, Austria, and internationally. Nobia AB (publ) was founded in 1996 and is headquartered in Stockholm, Sweden.

Details
Name: Nobia AB (publ)
NI8
Exchange: DB
Founded: 1996
SEK1,054,569,347
168,686,890
Website: http://www.nobia.com
Address: Nobia AB (publ)
Klarabergsviadukten 70 A5,
Stockholm,
Stockholm County, 107 24,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NOBI Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 19. Jun 2002
DB NI8 Ordinary Shares Deutsche Boerse AG DE EUR 19. Jun 2002
LSE 0GW0 Ordinary Shares London Stock Exchange GB SEK 19. Jun 2002
BATS-CHIXE NOBIS Ordinary Shares BATS 'Chi-X Europe' GB SEK 19. Jun 2002
Number of employees
Current staff
Staff numbers
6,170
Nobia employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:47
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/10/23
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.