Dashboard
1
Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 23.45%
- Healthy long term growth as Net Sales has grown by an annual rate of 15.21% and Operating profit at 19.27%
- Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 15.52
2
Flat results in Jun 25
3
With ROE of 15.91%, it has a fair valuation with a 3.74 Price to Book Value
4
Market Beating Performance
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
9.59%
0%
9.59%
6 Months
37.03%
0%
37.03%
1 Year
19.15%
0%
19.15%
2 Years
-23.01%
0%
-23.01%
3 Years
-9.96%
0%
-9.96%
4 Years
77.44%
0%
77.44%
5 Years
300.66%
0%
300.66%
Note AB for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
15.21%
EBIT Growth (5y)
19.27%
EBIT to Interest (avg)
15.52
Debt to EBITDA (avg)
0.50
Net Debt to Equity (avg)
-0.01
Sales to Capital Employed (avg)
1.98
Tax Ratio
20.70%
Dividend Payout Ratio
81.34%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
23.45%
ROE (avg)
21.05%
Valuation key factors
Factor
Value
P/E Ratio
23
Industry P/E
Price to Book Value
3.74
EV to EBIT
15.87
EV to EBITDA
11.92
EV to Capital Employed
3.51
EV to Sales
1.53
PEG Ratio
NA
Dividend Yield
6.75%
ROCE (Latest)
22.09%
ROE (Latest)
15.91%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bearish
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY
Jun'25
Jun'24
Change(%)
Net Sales
980.00
1,012.00
-3.16%
Operating Profit (PBDIT) excl Other Income
123.00
127.00
-3.15%
Interest
7.00
13.00
-46.15%
Exceptional Items
0.00
0.00
Consolidate Net Profit
76.00
68.00
11.76%
Operating Profit Margin (Excl OI)
95.90%
95.80%
0.01%
USD in Million.
Net Sales
YoY Growth in quarter ended Jun 2025 is -3.16% vs -6.12% in Jun 2024
Consolidated Net Profit
YoY Growth in quarter ended Jun 2025 is 11.76% vs -13.92% in Jun 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
3,901.00
4,243.40
-8.07%
Operating Profit (PBDIT) excl Other Income
492.60
490.80
0.37%
Interest
45.90
44.00
4.32%
Exceptional Items
-2.00
37.00
-105.41%
Consolidate Net Profit
248.00
320.00
-22.50%
Operating Profit Margin (Excl OI)
95.10%
89.30%
0.58%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is -8.07% vs 15.08% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -22.50% vs 25.89% in Dec 2023
About Note AB 
Note AB
Electronics & Appliances
Note publ AB is a Sweden-based company engaged in the provision of manufacturing and logistics services for electronics production. The Company’s operational segments are divided into two categories: Nearsourcing Centres and Industrial Plants. The Nearsourcing Centres segment comprises selling facilities in Sweden, Norway, Finland and the United Kingdom (UK), which provide development-oriented work in relationship with customers. The Industrial Plants area includes manufacturing units in Estonia and China. The Company specializes in the production of printed circuit board assemblies (PCBAs), sub-assemblies and box build products, as well as in the delivery of product and test management, end of life management, and spare parts, among others. Furthermore, It operates through a number of subsidiaries, such as NOTE Components AB, NOTE International AB, NOTE UK Ltd, NOTE Norge AS, NOTE Hyvinkaa Oy and IONOTE Electronics (Dongguan) Ltd.
Company Coordinates 
Company Details
Box 1285, Borgarfjordsgatan 7 , KISTA None : 164 29
Registrar Details






