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NOTE AB (publ) (NOTE.ST)
Stockholm, SE
NOTE AB (publ) is an international provider of electronics manufacturing services, operating across Sweden, Finland, the United Kingdom, Estonia, and China, serving a diverse global customer base. The company delivers sophisticated production solutions, engaging in close partnership with clients from concept to completion. Its extensive service portfolio ranges from expert component selection and the design of specialized test equipment to initial prototyping, large-scale serial production, and crucial after-sales support. NOTE's manufacturing expertise encompasses Printed Circuit Board Assemblies (PCBAs), various sub-assemblies, and comprehensive box-build products. The firm primarily serves demanding sectors including medical technology (medtech), green technology (greentech), industrial manufacturing, and communications. Established in 1999, NOTE AB (publ) is headquartered in Stockholm, Sweden.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +1.40% | +2.89% | +10.43% | -4.22% | +5.78% | +4.43% | +25.43% | -25.30% | +92.64% | +1,383.46% | +470.05% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Hardware, Equipment & Parts: +10.0%-2.2% Q1'26: -4.1% (vs Q1'25)
-
EPS growth Hardware, Equipment & Parts: +20.2%+13.8% Q1'26: -19.4% (vs Q1'25)
-
FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%+10.4% Q1'26: +6.3% (vs Q1'25)
-
EBIT margin Hardware, Equipment & Parts: +8.7%+10.0% ★ Q1'26: +8.7% (vs Q1'25)
-
ROIC Hardware, Equipment & Parts: +5.7%+13.3% ★ Q1'26: +8.1% (vs Q1'25)
-
Share dilution Hardware, Equipment & Parts: +0.0%-0.9% ★ Q1'26: +0.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×1.84× Q1'26: 3.97× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 2 EPS Ana. |
Dec 2027 2 Rev. Ana. 2 EPS Ana. |
Dec 2028 2 Rev. Ana. 2 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
3.90B
est: 3.88B (+0.6%)
|
3.81B
est: 3.81B (+0.1%)
|
4.69B
4.67B – 4.71B
+23.1% YoY
|
5.22B
5.16B – 5.27B
+11.2% YoY
|
5.57B
5.48B – 5.66B
+6.8% YoY
|
5.82B
5.78B – 5.86B
+4.4% YoY
|
| EBITDA |
474.00M
est: 589.04M (-19.5%)
|
504.00M
est: 578.70M (-12.9%)
|
712.48M
709.41M – 715.55M
+23.1% YoY
|
792.63M
784.68M – 800.58M
+11.2% YoY
|
846.38M
832.95M – 859.82M
+6.8% YoY
|
884.03M
877.55M – 890.51M
+4.4% YoY
|
| EBIT |
352.00M
est: 420.90M (-16.4%)
|
381.00M
est: 413.51M (-7.9%)
|
509.10M
506.91M – 511.29M
+23.1% YoY
|
566.38M
560.70M – 572.06M
+11.2% YoY
|
604.78M
595.18M – 614.39M
+6.8% YoY
|
631.68M
627.05M – 636.31M
+4.4% YoY
|
| Net Income |
248.03M
est: 284.24M (-12.7%)
|
281.00M
est: 280.89M (+0.0%)
|
328.46M
321.28M – 339.77M
+16.9% YoY
|
397.12M
396.84M – 397.39M
+20.9% YoY
|
438.73M
437.01M – 440.45M
+10.5% YoY
|
456.78M
452.43M – 461.14M
+4.1% YoY
|
| SGA |
155.00M
est: 140.17M (+10.6%)
|
147.00M
est: 137.71M (+6.7%)
|
169.54M
168.81M – 170.27M
+23.1% YoY
|
188.61M
186.72M – 190.51M
+11.2% YoY
|
201.40M
198.21M – 204.60M
+6.8% YoY
|
210.36M
208.82M – 211.90M
+4.4% YoY
|
| EPS |
8.65
est: 9.96 (-13.1%)
|
9.86
est: 9.84 (+0.2%)
|
11.58
11.25 – 11.90
+17.7% YoY
|
13.91
13.90 – 13.92
+20.1% YoY
|
15.37
15.31 – 15.43
+10.5% YoY
|
16.00
15.85 – 16.15
+4.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-28 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-27 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-26 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-25 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-22 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-21 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-20 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-19 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-18 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-15 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-13 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-12 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-11 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-08 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-07 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-23 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L | 0.13% | 116.2K | 0.38% |
| 2 | WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE | 0.13% | 116.2K | 0.38% |
| 3 | WisdomTree International SmallCap Dividend Fund DLS | 0.06% | 590.3K | 0.58% |
| 4 | WisdomTree Dynamic International SmallCap Equity ETF DDLS | 0.06% | 240.5K | 0.48% |
| 5 | State Street SPDR S&P International Small Cap ETF GWX | 0.04% | 324.4K | 0.40% |
| 6 | Avantis International Small Cap Value ETF AVDV | 0.03% | 4.96M | 0.36% |
| 7 | Avantis International Small Cap Equity ETF AVDS | 0.01% | 42.1K | 0.30% |
| 8 | Dimensional - International Small Cap ETF DFIS | 0.01% | 502.2K | 0.39% |
| 9 | Avantis Global Small Cap Value UCITS ETF AVGS.L | 0.01% | 91.4K | 0.39% |
| 10 | Dimensional - International Vector Equity ETF DXIV | 0.01% | 15.3K | 0.53% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Johannes Lind-Widestam | Chief Executive Officer & President | 7M | male |
| Bahare Mackinovski | Chief Sales & Marketing Officer | 250.0K | female |
| Cecilia Örn-Lindberg | Chief Procurement Officer | — | female |
| Christoffer Skogh | Managing Director | — | male |
| Frida Frykstrand | Chief Financial Officer | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for NOTE.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
