ScoreWhy is Note AB ?
1
High Management Efficiency with a high ROCE of 23.45%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 15.52
3
Healthy long term growth as Net Sales has grown by an annual rate of 15.27% and Operating profit at 19.01%
- INTEREST COVERAGE RATIO(Q) Lowest at 658.82
- DEBT-EQUITY RATIO (HY) Highest at 92.33 %
- DEBTORS TURNOVER RATIO(HY) Lowest at 3.72 times
4
With ROE of 16.18%, it has a very attractive valuation with a 3.30 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 -6.39%, its profits have risen by 7.6% ; the PEG ratio of the company is 2.7
5
Below par performance in long term as well as near term
- Along with generating -6.39% returns in the last 1 year, the stock has also underperformed OMX Stockholm 30 in the last 3 years, 1 year and 3 months
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, Low Return
Absolute
Risk Adjusted
Volatility
Note AB
-6.39%
0.19
35.53%
OMX Stockholm 30
30.13%
1.89
15.95%
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)
1.83
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
20
Industry P/E
Price to Book Value
3.30
EV to EBIT
15.05
EV to EBITDA
11.39
EV to Capital Employed
2.94
EV to Sales
1.51
PEG Ratio
2.70
Dividend Yield
7.07%
ROCE (Latest)
19.51%
ROE (Latest)
16.18%
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 Trend1What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -1.22% (YoY
-13What is not working for the Company
INTEREST COVERAGE RATIO(Q)
Lowest at 658.82
DEBT-EQUITY RATIO
(HY)
Highest at 92.33 %
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.72 times
INTEREST(Q)
Highest at SEK 17 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 11.64 %
PRE-TAX PROFIT(Q)
Lowest at SEK 44 MM
NET PROFIT(Q)
Lowest at SEK 35.2 MM
EPS(Q)
Lowest at SEK 1.82
Here's what is working for Note AB
Raw Material Cost
Fallen by -1.22% (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 38 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (SEK MM)
Here's what is not working for Note AB
Interest
At SEK 17 MM has Grown at 325%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (SEK MM)
Interest Coverage Ratio
Lowest at 658.82
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Interest
Highest at SEK 17 MM
in the last five periods and Increased by 325% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (SEK MM)
Operating Profit Margin
Lowest at 11.64 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at SEK 44 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (SEK MM)
Pre-Tax Profit
Fallen at -31.25%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (SEK MM)
Net Profit
Lowest at SEK 35.2 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (SEK MM)
Net Profit
Fallen at -30.62%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is negative
Net Profit (SEK MM)
EPS
Lowest at SEK 1.82
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (SEK)
Debt-Equity Ratio
Highest at 92.33 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Debtors Turnover Ratio
Lowest at 3.72 times
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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