Nimbus Group makes Nimbus and Mirai branded boats, sold through dealers across Europe and the US, with a sizeable share of its volume in the mid-priced powerboat segment. The structural case rests on the leisure boating installed base and a long-running consumer shift toward owning rather than renting, but the current numbers are weak: revenue fell 16.1% over the latest year, gross margin sits at just 7.7%, and ROE is negative at -11.1%. The stock screens at a forward P/E of 1.5, which signals that the market is pricing in a sharp earnings recovery or doubting the forecast altogether, and that gap is the first thing to pressure-test. The name merits a deeper look only if the portfolio manager can see a credible path to margin repair through dealer inventory normalisation and cost actions, and if the cash flow supports the balance sheet through a downcycle. It is a turnaround question, not a quality compounder, and the diligence should be built around that.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | kr 13.50 | first publication | kr 11.65 |
Answered from Nimbus Group AB (Publ) fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| BOAT.ST Nimbus Group AB (Publ) | kr 11.65 | - | - | - | -11.1% | 36 | 27 |
| MAMO Massimo Group Common Stock | $0.95 | $1 | 16% above | 9.5x | 17.9% | 68 | 48 |
| KNDI Kandi Technologies Group Inc. Ordinary Shares | $3.41 | - | - | - | -26.5% | 52 | 51 |
| EMPD Empery Digital Inc. Common stock | $2.73 | - | - | - | -426.7% | 27 | 15 |
| KTA.DE Knaus Tabbert AG | €9.70 | - | - | - | -20.8% | 26 | 26 |
| ALFPC.PA Fountaine Pajot SA | €78.00 | - | - | 25.1x | 11.3% | 54 | 31 |
| KABE-B.ST KABE Group AB (publ.) | kr 241.00 | - | - | 16.4x | 7.3% | 52 | 76 |
Where BOAT.ST ranks against its sector peers on each metric.