NOTE: Fair Value Outlook Will Remain Steady As Projections Hold

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

12 Feb 25

Updated

12 Jan 26

Views

51

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

7.9%

7D

-5.5%

Loading

1Y

7.9%

7D

-5.5%

You can edit this narrative until Jan 13 10:10 PM. Then, changes will post as Updates.

Author's Valuation

SEK 20318.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 12 Jan 26

Fair value Decreased 1.46%

NOTE: Reset Multiple And Solid Q3 Will Support Upside Potential

Narrative Update on NOTE Analysts have trimmed their price target on NOTE to US$7 from US$18, reflecting a lower valuation multiple after recent research, while still pointing to what they describe as a solid Q3 showing. Analyst Commentary Recent Street research on NOTE points to a reset valuation framework, with the price target cut to US$7 from US$18, while still highlighting what is described as a solid Q3 report.

Shared on 14 Dec 25

NOTE: Reset Multiple And Solid Quarter Will Drive Long-Term Upside

Narrative Update on Analyst Price Target Analysts have cut their price target on NOTE to $7 from $18, reflecting a reset valuation multiple. They also point to a solid recent quarterly report as support for the updated outlook.

Shared on 30 Nov 25

NOTE: Strong Q3 Performance Will Drive Long-Term Upside Despite Sector Re-Rating

Analysts have lowered the price target for NOTE substantially, from $18 to $7, as they cite a reset in valuation multiples despite a solid recent earnings report. Analyst Commentary Market observers have provided updated insights regarding NOTE following the recent adjustment in valuation.

Shared on 15 Nov 25

NOTE: Solid Third-Quarter Performance Will Support Prospects Despite Market Headwinds

Analysts have lowered their price target for FiscalNote to $7 from $18, citing a reset valuation multiple. This change comes despite what they describe as a solid third-quarter report.

Shared on 01 Nov 25

Analysts have reaffirmed their fair value estimate for NOTE at $206.00, citing slight refinements in key financial assumptions and a long-term outlook that remains unchanged. Valuation Changes Fair Value Estimate remains unchanged at $206.00.

Shared on 17 Oct 25

Fair value Decreased 1.90%

Analysts have revised their price target for NOTE downward from $210 to $206. This change reflects adjustments to projected revenue growth and discount rates in their updated outlook.

Shared on 03 Oct 25

Fair value Increased 25%

Analysts have raised their price target for NOTE from $168.50 to $210.00. They cite expectations of stronger revenue growth, higher profit margins, and a modestly increased discount rate.

Shared on 01 May 25

Fair value Decreased 10.00%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 21%

AnalystConsensusTarget has increased future PE multiple from 12.6x to 15.0x.

Shared on 02 Apr 25

Fair value Increased 0.40%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 13 Mar 25

Fair value Decreased 8.55%

AnalystConsensusTarget has increased revenue growth from 6.9% to 9.5%.

AnalystConsensusTarget Fair Value

SEK 203

18.3% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

8.60%

Electronic Equipment and Components revenue growth rate

0.53%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

6.72%

Calculation

SEK 437.90m

Earnings '29

x

16.04x

PE Ratio '29

=

SEK 7.02b

Market Cap '29

SEK 7.02b

Market Cap '29

/

28.48m

No. shares '29

=

SEK 246.52

Share Price '29

SEK 246.52 Share Price '29

Discounted to 2026 @ 6.69% p.a.

=

SEK 202.99

Fair Value '26