Note AB (publ) banner

Note AB (publ)
STO:NOTE

Watchlist Manager
Note AB (publ) Logo
Note AB (publ)
STO:NOTE
Watchlist
Price: 196.8 SEK 5.24% Market Closed
Market Cap: kr5.6B

EV/EBIT

15.2
Current
20%
More Expensive
vs 3-y median of 12.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
15.2
=
Enterprise Value
kr5.3B
/
EBIT
kr365.2m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
15.2
=
Enterprise Value
kr5.3B
/
EBIT
kr365.2m

Valuation Scenarios

Note AB (publ) is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (12.7), the stock would be worth kr163.77 (17% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-17%
Maximum Upside
+28%
Average Upside
6%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 15.2 kr196.8
0%
3-Year Average 12.7 kr163.77
-17%
5-Year Average 14.4 kr186.88
-5%
Industry Average 19.4 kr251.21
+28%
Country Average 17.8 kr230.36
+17%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
kr5.3B
/
Jan 2026
kr365.2m
=
15.2
Current
kr5.3B
/
Dec 2026
kr448.1m
=
11.9
Forward
kr5.3B
/
Dec 2027
kr491.3m
=
10.8
Forward
kr5.3B
/
Dec 2028
kr519.5m
=
10.2
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
SE
Note AB (publ)
STO:NOTE
5.6B SEK 15.2 19.9
CN
Foxconn Industrial Internet Co Ltd
SSE:601138
1.1T CNY 26.5 31
TW
Hon Hai Precision Industry Co Ltd
TWSE:2317
2.8T TWD 9.4 14.8
CH
TE Connectivity Ltd
NYSE:TEL
68.8B USD 20 33.3
CA
Celestica Inc
TSX:CLS
55.9B CAD 39.5 50.6
US
Jabil Inc
NYSE:JBL
32.2B USD 20.9 39.9
SG
Flex Ltd
NASDAQ:FLEX
29.6B USD 20.9 34.7
KY
Fabrinet
NYSE:FN
24.7B USD 62.3 65
TW
FIH Mobile Ltd
F:FW3
11.5B EUR 173.5 252.8
US
Sollensys Corp
OTC:SOLS
13B USD 18.2 54.2
US
TTM Technologies Inc
NASDAQ:TTMI
12.8B USD 49.1 71.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Note AB (publ)
STO:NOTE
Average EV/EBIT: 41.4
15.2
12%
1.3
CN
Foxconn Industrial Internet Co Ltd
SSE:601138
26.5
36%
0.7
TW
Hon Hai Precision Industry Co Ltd
TWSE:2317
9.4
20%
0.5
CH
TE Connectivity Ltd
NYSE:TEL
20
15%
1.3
CA
Celestica Inc
TSX:CLS
39.5
34%
1.2
US
Jabil Inc
NYSE:JBL
20.9
17%
1.2
SG
Flex Ltd
NASDAQ:FLEX
20.9
18%
1.2
KY
Fabrinet
NYSE:FN
62.3
29%
2.1
TW
FIH Mobile Ltd
F:FW3
173.5
N/A N/A
US
Sollensys Corp
OTC:SOLS
18.2
8%
2.3
US
TTM Technologies Inc
NASDAQ:TTMI
49.1
N/A N/A

Market Distribution

In line with most companies in Sweden
Percentile
41th
Based on 1 191 companies
41th percentile
15.2
Low
0.2 — 14
Typical Range
14 — 23.3
High
23.3 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 14
Median 17.8
70th Percentile 23.3
Max 4 325.3

Note AB (publ)
Glance View

Note AB engages in the electronics manufacturing services. The company is headquartered in Stockholm, Stockholm and currently employs 1,346 full-time employees. The company went IPO on 2004-06-23. 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 firm 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.

NOTE Intrinsic Value
146.82 SEK
Overvaluation 25%
Intrinsic Value
Price kr196.8
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett