NIBE Industrier AB Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, NIBE Industrier AB stock has a consensus rating of "Hold" and an average price target of kr 43.46. The average 1-year stock price forecast is 23.26% higher than the current stock price, while the lowest is kr 26.00 (-26.26%) and the highest is kr 55.00 (+55.98%).

Price Target: kr 43.46 (+23.26%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	kr 26.00	kr 43.46	kr 44.00	kr 55.00
Change	-26.26%	+23.26%	+24.79%	+55.98%

* Price targets were last updated on May 20, 2026.

Analyst Ratings

The average analyst rating for NIBE Industrier AB stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	4	4	4	4	4
Buy	2	2	2	3	3	3
Hold	1	2	2	3	3	3
Sell	1	1	1	1	1	1
Strong Sell	2	2	2	2	2	2
Total	11	11	11	13	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Unknown Analyst Morgan Stanley No rating	Morgan Stanley	Sell Maintains kr 31.00	Sell	Maintains	kr 31.00	-12.08%	May 20, 2026
Mats Liss Kepler Capital	Kepler Capital	Buy Maintains kr 50.00 → kr 48.00	Buy	Maintains	kr 50.00 → kr 48.00	+36.13%	May 20, 2026
Michele Baldelli Exane BNP Paribas	Exane BNP Paribas	Buy Initiates kr 50.00	Buy	Initiates	kr 50.00	+41.80%	Apr 13, 2026

Financial Forecast

Revenue This Year

42.95B

from 40.84B

5.17%

from 40.84B

Revenue Next Year

46.11B

from 42.95B

7.35%

from 42.95B

EPS This Year

1.65

from 1.20

37.38%

from 1.20

EPS Next Year

1.98

from 1.65

20.08%

from 1.65

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	30.83B	40.07B	46.65B	40.52B	40.84B	42.95B
Revenue Growth	13.58%	29.97%	16.42%	-13.14%	0.79%	5.17%
Gross Profit	10.20B	12.61B	15.62B	10.97B	12.87B	13.83B
Gross Margin	33.10%	31.47%	33.49%	27.08%	31.50%	32.20%
Operating Income	4.19B	5.24B	6.52B	1.53B	3.87B	5.06B
Net Income	3.32B	4.35B	4.79B	1.17B	2.28B	3.26B
EPS	-	-	-	-	1.20	1.65
EPS Growth	-	-	-	-	50.00%	37.38%
Forward PE	76.28	43.02	25.64	29.80	21.89	21.39
Dividend / Share	0.50	0.65	0.65	0.30	0.35	0.48
Dividend Growth	-	30.00%	-	-53.85%	16.67%	37.45%
Free Cash Flow	603.75M	-770.50M	-37.75M	435.88M	2.85B	4.02B
No. Analysts	-	-	-	-	-	12

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is SEK.

Revenue Forecast

Revenue	2026	2027	2028
High	44.3B
Avg	43.0B
Low	42.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	8.5%
Avg	5.2%
Low	3.4%

EPS Forecast

EPS	2026	2027	2028
High	-
Avg	1.65
Low	-

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	37.4%
Low	-