ScoreWhy is Note AB ?
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
- DEBTORS TURNOVER RATIO(HY) Lowest at 3.97%
3
With ROE of 15.91%, it has a fair valuation with a 3.74 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 38.17%, its profits have fallen by -16.2%
4
Market Beating Performance
- The stock has generated a return of 38.17% in the last 1 year, much higher than market (OMX Stockholm 30) returns of 8.01%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Note AB should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Note AB for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Note AB
-100.0%
0.52
36.61%
OMX Stockholm 30
8.01%
0.44
18.11%
Quality
Management Risk
Growth
Capital StructureQuality 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%
ValuationValuation 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%
TechnicalsTechnical 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
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
OPERATING CASH FLOW(Y)
Highest at SEK 626.58 MM
CASH AND EQV(HY)
Highest at SEK 903 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 3.39%
PRE-TAX PROFIT(Q)
Highest at SEK 94 MM
NET PROFIT(Q)
Highest at SEK 76 MM
EPS(Q)
Highest at SEK 2.67
-1What is not working for the Company
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.97%
Here's what is working for Note AB
Operating Cash Flow
Highest at SEK 626.58 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (SEK MM)
Pre-Tax Profit
Highest at SEK 94 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (SEK MM)
Net Profit
Highest at SEK 76 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (SEK MM)
EPS
Highest at SEK 2.67
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (SEK)
Cash and Eqv
Highest at SEK 903 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Inventory Turnover Ratio
Highest at 3.39%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Here's what is not working for Note AB
Debtors Turnover Ratio
Lowest at 3.97%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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