NOTE AB (publ) Logo

NOTE AB (publ)

NOTE.ST

(2.8)
Stock Price

113,90 SEK

10.55% ROA

24.5% ROE

12.15x PER

Market Cap.

3.988.143.360,00 SEK

67.64% DER

0% Yield

7.54% NPM

NOTE AB (publ) Stock Analysis

NOTE AB (publ) Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

NOTE AB (publ) Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (26.65%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 Revenue Growth

Over the past five years, this company's revenue has consistently increased, demonstrating a robust financial performance that makes it an appealing opportunity.

4 Net Profit Growth

Throughout the past five years, this company has consistently experienced net profit growth, indicating a strong financial performance and making it an attractive investment prospect.

5 DER

The stock has a reasonable amount of debt compared to its ownership (68%), suggesting a balanced financial position and a moderate level of risk.

6 Assets Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

7 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (2.668) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

8 PBV

The stock's high Price-to-Book Value (P/BV) ratio (3.46x) suggests it's overvalued, potentially making it an expensive investment.

9 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

10 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

11 Dividend

The company has not distributed any dividends in the past three years, which may raise concerns for investors looking for regular income from their investments.

NOTE AB (publ) Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

NOTE AB (publ) Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

NOTE AB (publ) Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

NOTE AB (publ) Revenue
Year Revenue Growth
2003 859.214.000
2004 1.103.146.000 22.11%
2005 1.504.057.000 26.66%
2006 1.741.492.000 13.63%
2007 1.743.790.000 0.13%
2008 1.709.450.000 -2.01%
2009 1.200.063.000 -42.45%
2010 1.210.716.000 0.88%
2011 1.208.852.000 -0.15%
2012 1.029.241.000 -17.45%
2013 906.975.000 -13.48%
2014 964.022.000 5.92%
2015 1.121.500.000 14.04%
2016 1.098.080.000 -2.13%
2017 1.175.719.000 6.6%
2018 1.378.577.000 14.72%
2019 1.760.442.000 21.69%
2020 1.873.792.000 6.05%
2021 2.643.393.000 29.11%
2022 3.687.202.000 28.31%
2023 4.136.000.000 10.85%
2023 4.243.000.000 2.52%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

NOTE AB (publ) Research and Development Expenses
Year Research and Development Expenses Growth
2003 0
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 311.000 100%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

NOTE AB (publ) General and Administrative Expenses
Year General and Administrative Expenses Growth
2003 42.456.000
2004 63.494.000 33.13%
2005 69.177.000 8.22%
2006 66.836.000 -3.5%
2007 69.678.000 4.08%
2008 75.673.000 7.92%
2009 64.787.000 -16.8%
2010 49.810.000 -30.07%
2011 32.180.000 -54.79%
2012 31.309.000 -2.78%
2013 29.443.000 -6.34%
2014 29.819.000 1.26%
2015 31.992.000 6.79%
2016 29.447.000 -8.64%
2017 28.569.000 -3.07%
2018 32.166.000 11.18%
2019 33.000.000 2.53%
2020 34.069.000 3.14%
2021 40.859.000 16.62%
2022 47.501.000 13.98%
2023 76.000.000 37.5%
2023 65.785.000 -15.53%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

NOTE AB (publ) EBITDA
Year EBITDA Growth
2003 -61.774.000
2004 -14.807.000 -317.19%
2005 -64.350.000 76.99%
2006 142.586.000 145.13%
2007 139.606.000 -2.13%
2008 23.237.000 -500.79%
2009 -52.672.000 144.12%
2010 -14.077.000 -274.17%
2011 89.302.000 115.76%
2012 39.294.000 -127.27%
2013 16.177.000 -142.9%
2014 40.758.000 60.31%
2015 55.198.000 26.16%
2016 71.426.000 22.72%
2017 84.663.000 15.63%
2018 100.117.000 15.44%
2019 166.436.000 39.85%
2020 191.061.000 12.89%
2021 308.910.000 38.15%
2022 409.692.000 24.6%
2023 500.000.000 18.06%
2023 485.000.000 -3.09%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

NOTE AB (publ) Gross Profit
Year Gross Profit Growth
2003 94.085.000
2004 123.138.000 23.59%
2005 54.235.000 -127.05%
2006 206.504.000 73.74%
2007 224.615.000 8.06%
2008 123.011.000 -82.6%
2009 26.433.000 -365.37%
2010 60.511.000 56.32%
2011 133.047.000 54.52%
2012 92.610.000 -43.66%
2013 72.525.000 -27.69%
2014 102.423.000 29.19%
2015 122.507.000 16.39%
2016 131.662.000 6.95%
2017 140.325.000 6.17%
2018 171.694.000 18.27%
2019 206.455.000 16.84%
2020 224.690.000 8.12%
2021 353.652.000 36.47%
2022 473.171.000 25.26%
2023 520.000.000 9.01%
2023 514.000.000 -1.17%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

NOTE AB (publ) Net Profit
Year Net Profit Growth
2003 44.110.000
2004 10.533.000 -318.78%
2005 -55.676.000 118.92%
2006 68.615.000 181.14%
2007 78.242.000 12.3%
2008 13.136.000 -495.63%
2009 -81.019.000 116.21%
2010 -61.958.000 -30.76%
2011 39.392.000 257.29%
2012 12.620.000 -212.14%
2013 650.000 -1841.54%
2014 24.582.000 97.36%
2015 34.636.000 29.03%
2016 45.220.000 23.41%
2017 72.135.000 37.31%
2018 64.240.000 -12.29%
2019 92.272.000 30.38%
2020 115.660.000 20.22%
2021 194.063.000 40.4%
2022 254.243.000 23.67%
2023 260.000.000 2.21%
2023 319.956.000 18.74%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

NOTE AB (publ) Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2003 3
2004 1 0%
2005 -3 100%
2006 3 166.67%
2007 4 0%
2008 -1 0%
2009 -5 100%
2010 -3 -150%
2011 1 300%
2012 0 0%
2013 0 0%
2014 1 0%
2015 1 100%
2016 2 0%
2017 3 50%
2018 2 0%
2019 3 33.33%
2020 4 25%
2021 7 33.33%
2022 9 25%
2023 9 0%
2023 11 27.27%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

NOTE AB (publ) Free Cashflow
Year Free Cashflow Growth
2003 -10.298.000
2004 -15.289.000 32.64%
2005 35.009.000 143.67%
2006 18.862.000 -85.61%
2007 8.088.000 -133.21%
2008 36.621.000 77.91%
2009 26.086.000 -40.39%
2010 -30.002.000 186.95%
2011 30.509.000 198.34%
2012 92.894.000 67.16%
2013 -6.106.000 1621.36%
2014 2.329.000 362.17%
2015 5.225.000 55.43%
2016 39.622.000 86.81%
2017 25.666.000 -54.38%
2018 3.669.000 -599.54%
2019 75.021.000 95.11%
2020 171.740.000 56.32%
2021 -61.769.000 378.04%
2022 2.672.000 2411.71%
2023 54.000.000 95.05%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

NOTE AB (publ) Operating Cashflow
Year Operating Cashflow Growth
2003 44.110.000
2004 10.533.000 -318.78%
2005 69.915.000 84.93%
2006 46.763.000 -49.51%
2007 48.347.000 3.28%
2008 83.151.000 41.86%
2009 42.568.000 -95.34%
2010 -25.620.000 266.15%
2011 37.456.000 168.4%
2012 98.142.000 61.83%
2013 4.209.000 -2231.72%
2014 15.715.000 73.22%
2015 18.760.000 16.23%
2016 48.599.000 61.4%
2017 39.653.000 -22.56%
2018 26.771.000 -48.12%
2019 96.488.000 72.25%
2020 188.704.000 48.87%
2021 -33.125.000 669.67%
2022 49.789.000 166.53%
2023 54.000.000 7.8%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

NOTE AB (publ) Capital Expenditure
Year Capital Expenditure Growth
2003 54.408.000
2004 25.822.000 -110.7%
2005 34.906.000 26.02%
2006 27.901.000 -25.11%
2007 40.259.000 30.7%
2008 46.530.000 13.48%
2009 16.482.000 -182.31%
2010 4.382.000 -276.13%
2011 6.947.000 36.92%
2012 5.248.000 -32.37%
2013 10.315.000 49.12%
2014 13.386.000 22.94%
2015 13.535.000 1.1%
2016 8.977.000 -50.77%
2017 13.987.000 35.82%
2018 23.102.000 39.46%
2019 21.467.000 -7.62%
2020 16.964.000 -26.54%
2021 28.644.000 40.78%
2022 47.117.000 39.21%
2023 0 0%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

NOTE AB (publ) Equity
Year Equity Growth
2003 145.948.000
2004 261.751.000 44.24%
2005 205.109.000 -27.62%
2006 268.135.000 23.51%
2007 327.414.000 18.11%
2008 294.934.000 -11.01%
2009 209.928.000 -40.49%
2010 217.013.000 3.26%
2011 259.435.000 16.35%
2012 260.495.000 0.41%
2013 238.136.000 -9.39%
2014 270.160.000 11.85%
2015 287.141.000 5.91%
2016 318.026.000 9.71%
2017 369.221.000 13.87%
2018 383.629.000 3.76%
2019 465.249.000 17.54%
2020 567.634.000 18.04%
2021 800.258.000 29.07%
2022 1.098.487.000 27.15%
2023 1.341.000.000 18.08%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

NOTE AB (publ) Assets
Year Assets Growth
2003 663.200.000
2004 733.992.000 9.64%
2005 811.726.000 9.58%
2006 888.208.000 8.61%
2007 948.113.000 6.32%
2008 948.281.000 0.02%
2009 753.052.000 -25.93%
2010 693.532.000 -8.58%
2011 633.334.000 -9.5%
2012 576.032.000 -9.95%
2013 540.892.000 -6.5%
2014 612.954.000 11.76%
2015 663.256.000 7.58%
2016 694.458.000 4.49%
2017 755.978.000 8.14%
2018 964.906.000 21.65%
2019 1.129.088.000 14.54%
2020 1.109.240.000 -1.79%
2021 2.075.072.000 46.54%
2022 2.765.360.000 24.96%
2023 3.432.000.000 19.42%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

NOTE AB (publ) Liabilities
Year Liabilities Growth
2003 516.467.000
2004 471.244.000 -9.6%
2005 606.617.000 22.32%
2006 620.073.000 2.17%
2007 620.699.000 0.1%
2008 653.347.000 5%
2009 543.124.000 -20.29%
2010 476.519.000 -13.98%
2011 373.899.000 -27.45%
2012 315.537.000 -18.5%
2013 302.756.000 -4.22%
2014 342.794.000 11.68%
2015 376.115.000 8.86%
2016 376.432.000 0.08%
2017 386.757.000 2.67%
2018 581.277.000 33.46%
2019 663.839.000 12.44%
2020 541.606.000 -22.57%
2021 1.274.814.000 57.51%
2022 1.666.873.000 23.52%
2023 2.091.000.000 20.28%

NOTE AB (publ) Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
144.95
Net Income per Share
11.32
Price to Earning Ratio
12.15x
Price To Sales Ratio
0.95x
POCF Ratio
16.77
PFCF Ratio
16.77
Price to Book Ratio
2.97
EV to Sales
1.12
EV Over EBITDA
8.98
EV to Operating CashFlow
19.85
EV to FreeCashFlow
19.85
Earnings Yield
0.08
FreeCashFlow Yield
0.06
Market Cap
3,99 Bil.
Enterprise Value
4,72 Bil.
Graham Number
108.58
Graham NetNet
-41.23

Income Statement Metrics

Net Income per Share
11.32
Income Quality
0.59
ROE
0.27
Return On Assets
0.1
Return On Capital Employed
0.22
Net Income per EBT
0.82
EBT Per Ebit
1.03
Ebit per Revenue
0.09
Effective Tax Rate
0.18

Margins

Sales, General, & Administrative to Revenue
0.01
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.12
Operating Profit Margin
0.09
Pretax Profit Margin
0.09
Net Profit Margin
0.08

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
8.2
Free CashFlow per Share
8.2
Capex to Operating CashFlow
0
Capex to Revenue
0
Capex to Depreciation
0
Return on Invested Capital
0.15
Return on Tangible Assets
0.11
Days Sales Outstanding
0
Days Payables Outstanding
72
Days of Inventory on Hand
144.59
Receivables Turnover
0
Payables Turnover
5.07
Inventory Turnover
2.52
Capex per Share
0

Balance Sheet

Cash per Share
6,07
Book Value per Share
46,27
Tangible Book Value per Share
35.16
Shareholders Equity per Share
46.27
Interest Debt per Share
31.49
Debt to Equity
0.68
Debt to Assets
0.26
Net Debt to EBITDA
1.39
Current Ratio
1.53
Tangible Asset Value
1,02 Bil.
Net Current Asset Value
0,52 Bil.
Invested Capital
0.68
Working Capital
0,91 Bil.
Intangibles to Total Assets
0.09
Average Receivables
0,00 Bil.
Average Payables
0,72 Bil.
Average Inventory
1420500000
Debt to Market Cap
0.23

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

NOTE AB (publ) Dividends
Year Dividends Growth
2005 0
2006 0 0%
2007 1 100%
2008 1 0%
2012 0 0%
2013 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 1 0%
2020 1 100%

NOTE AB (publ) Profile

About NOTE AB (publ)

NOTE AB (publ), together with its subsidiaries, provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Estonia, China, and internationally. The company offers advanced production technology services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and serial production, as well as after-sales services. It also produces PCBAs, sub-assemblies, and box build products. The company primarily serves the medtech, greentech, industrial, and communication industries. NOTE AB (publ) was incorporated in 1999 and is headquartered in Stockholm, Sweden.

CEO
Mr. Johannes Lind-Widestam
Employee
1.500
Address
Sveavägen 52
Stockholm, 111 34

NOTE AB (publ) Executives & BODs

NOTE AB (publ) Executives & BODs
# Name Age
1 Mr. Johannes Lind-Widestam
Chief Executive Officer & President
70
2 Ms. Frida Frykstrand
Chief Financial Officer
70
3 Mr. Kamran Shahabi
Chief Sales Officer
70
4 Cecilia Örn-Lindberg
Chief Procurement Officer
70

NOTE AB (publ) Competitors