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 15.27% and Operating profit at 19.01%
- Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 15.52
2
With a growth in Net Profit of 17.81%, the company declared Very Positive results in Dec 25
- INVENTORY TURNOVER RATIO(HY) Highest at 3.59 times
- INTEREST COVERAGE RATIO(Q) The company hardly has any interest cost
- RAW MATERIAL COST(Y) Fallen by -6.99% (YoY)
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 -1.61%, its profits have fallen by -16.2%
Real-Time Research ReportHow much should you buy?
- 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, Medium Return
Absolute
Risk Adjusted
Volatility
Note AB
-1.61%
0.35
34.95%
OMX Stockholm 30
10.97%
0.59
18.59%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
15.27%
EBIT Growth (5y)
19.01%
EBIT to Interest (avg)
15.52
Debt to EBITDA (avg)
0.50
Net Debt to Equity (avg)
-0.01
Sales to Capital Employed (avg)
1.92
Tax Ratio
20.70%
Dividend Payout Ratio
0
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
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend11What is working for the Company
INVENTORY TURNOVER RATIO(HY)
Highest at 3.59 times
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
RAW MATERIAL COST(Y)
Fallen by -6.99% (YoY
CASH AND EQV(HY)
Highest at SEK 766 MM
OPERATING PROFIT(Q)
Highest at SEK 144 MM
OPERATING PROFIT MARGIN(Q)
Highest at 14.39 %
PRE-TAX PROFIT(Q)
Highest at SEK 109 MM
NET PROFIT(Q)
Highest at SEK 86 MM
EPS(Q)
Highest at SEK 3.01
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Note AB
Inventory Turnover Ratio
Highest at 3.59 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Operating Profit
Highest at SEK 144 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (SEK MM)
Operating Profit Margin
Highest at 14.39 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at SEK 109 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 86 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (SEK MM)
EPS
Highest at SEK 3.01
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (SEK)
Cash and Eqv
Highest at SEK 766 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -6.99% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at SEK 33 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (SEK MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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