(NOTE) NOTE - Ratings and Ratios

Exchange: ST • Country: Sweden • Currency: SEK • Type: Common Stock • ISIN: SE0001161654

NOTE: PCBA, Subassemblies, Box Builds

NOTE AB (publ) is a leading provider of electronics manufacturing services with operations in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and other international markets. Founded in 1990 and headquartered in Stockholm, Sweden, the company specializes in production technology services, including component selection, test equipment development, prototyping, and serial production. NOTE AB also manufactures PCBAs (Printed Circuit Board Assemblies), subassemblies, and box build products, catering to industries such as medtech, greentech, industrial, and communication. Its service portfolio extends to development, sourcing and logistics, contract manufacturing, and after-sales support. The company is listed on the Stockholm Stock Exchange under the ticker symbol NOTE.

NOTE AB operates in a highly competitive sector, leveraging its expertise in electronics manufacturing to deliver tailored solutions to its clients. Its services encompass the entire production lifecycle, from design and prototyping to volume production and after-sales services. The companys customer base spans multiple industries, with a strong focus on medtech and greentech, reflecting its commitment to innovation and sustainability. NOTE ABs global footprint, with facilities in Europe and Asia, enables it to serve a diverse range of clients while maintaining proximity to key markets.

From a technical perspective, NOTE ABs stock (Ticker: NOTE) on the Stockholm Stock Exchange has shown a recent price of 160.30 SEK, with a 20-day average volume of 77,025 shares. The stocks short-term trend, indicated by the SMA 20 (165.40), suggests a slight decline from its recent average. The SMA 50 (160.88) and SMA 200 (138.62) indicate a longer-term upward trend, with the stock trading above its 200-day moving average. The ATR (7.55) reflects moderate volatility, suggesting that price fluctuations are manageable for investors seeking exposure to the electronics manufacturing sector.

From a fundamental perspective, NOTE ABs market capitalization stands at 5,067.23M SEK, with a P/E ratio of 20.66, indicating a premium valuation compared to its earnings. The forward P/E of 16.69 suggests expectations of improved profitability. The P/B ratio of 3.09 points to a higher valuation relative to book value, while the P/S ratio of 1.30 indicates reasonable pricing relative to sales. The return on equity (RoE) of 15.14% highlights the companys ability to generate profits from shareholder equity.

3-Month Forecast:

Based on the provided and , the following forecast is generated:

Technical Outlook:

  • The stock is expected to trade within a range of 150-170 SEK over the next three months, supported by the SMA 200 (138.62) and influenced by the ATR (7.55).
  • The SMA 20 (165.40) and SMA 50 (160.88) suggest a potential pullback towards the 160 SEK level, with resistance at 165-170 SEK.
  • Volatility, as indicated by the ATR, is expected to remain moderate, with daily price fluctuations of approximately 7-8 SEK.

Fundamental Outlook:

  • The companys P/E ratio (20.66) and forward P/E (16.69) suggest that the market expects improved earnings, potentially driven by growth in the medtech and greentech sectors.
  • The RoE of 15.14% indicates strong profitability, which could support further stock price appreciation if maintained or improved.
  • The P/S ratio of 1.30 reflects a reasonable valuation relative to sales, suggesting that the stock is not overly stretched despite its premium P/E ratio.

Additional Sources for NOTE Stock

Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle

NOTE Stock Overview

Market Cap in USD 491m
Sector Technology
Industry Electronic Components
GiC Sub-Industry Electronic Manufacturing Services
IPO / Inception

NOTE Stock Ratings

Growth Rating 61.1
Fundamental 80.1
Dividend Rating 42.4
Rel. Strength 6.02
Analysts -
Fair Price Momentum 164.62 SEK
Fair Price DCF 490.32 SEK

NOTE Dividends

Dividend Yield 12m 4.69%
Yield on Cost 5y 18.63%
Annual Growth 5y %
Payout Consistency 38.6%

NOTE Growth Ratios

Growth Correlation 3m 62%
Growth Correlation 12m 53.4%
Growth Correlation 5y 39.6%
CAGR 5y 33.16%
CAGR/Max DD 5y 0.59
Sharpe Ratio 12m 0.10
Alpha 13.11
Beta 0.150
Volatility 37.84%
Current Volume 54.1k
Average Volume 20d 66.9k
What is the price of NOTE stocks?
As of May 09, 2025, the stock is trading at SEK 158.40 with a total of 54,119 shares traded.
Over the past week, the price has changed by -4.00%, over one month by -1.00%, over three months by +7.36% and over the past year by +16.85%.
Is NOTE a good stock to buy?
Yes, based on ValueRay Fundamental Analyses, NOTE (ST:NOTE) is currently (May 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 80.11 and therefor a positive outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of NOTE as of May 2025 is 164.62. This means that NOTE is currently overvalued and has a potential downside of 3.93%.
Is NOTE a buy, sell or hold?
NOTE has no consensus analysts rating.
What are the forecast for NOTE stock price target?
According to ValueRays Forecast Model, NOTE NOTE will be worth about 177.9 in May 2026. The stock is currently trading at 158.40. This means that the stock has a potential upside of +12.31%.
Issuer Forecast Upside
Wallstreet Target Price 185 16.8%
Analysts Target Price - -
ValueRay Target Price 177.9 12.3%