NOTE (LSE:0GSS) - Stock Price, News & Analysis

0GSS Stock Overview

Provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally. More details

0GSS fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 26.3% below our estimate of its fair value

Earnings are forecast to grow 20.02% per year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months

NOTE AB (publ) Competitors

Gooch & Housego

AIM:GHH

UK£119.6m

Midwich Group

AIM:MIDW

UK£291.6m

Big Technologies

AIM:BIG

UK£394.5m

Strix Group

AIM:KETL

UK£134.2m

Price History & Performance

Summary of all time highs, changes and price drops for NOTE
Historical stock prices
Current Share Price	SEK 125.70
52 Week High	SEK 176.60
52 Week Low	SEK 111.00
Beta	1.15
11 Month Change	-2.33%
3 Month Change	-6.96%
1 Year Change	-22.44%
33 Year Change	-38.00%
5 Year Change	214.25%
Change since IPO	97.95%

Recent updates

Shareholder Returns

	0GSS	GB Electronic	GB Market
7D	-2.3%	-1.4%	0.7%
1Y	-22.4%	-1.4%	6.1%

Return vs Industry: 0GSS underperformed the UK Electronic industry which returned -1.4% over the past year.

Return vs Market: 0GSS underperformed the UK Market which returned 6.1% over the past year.

Price Volatility

Is 0GSS's price volatile compared to industry and market?
0GSS volatility
0GSS Average Weekly Movement	6.2%
Electronic Industry Average Movement	5.6%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0GSS has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0GSS's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	1,500	Johannes Lind-Widestam	www.note-ems.com

NOTE AB (publ), together with its subsidiaries, provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally. The company offers production technology services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and serial production. It also produces PCBAs, subassemblies, and box build products.

NOTE AB (publ) Fundamentals Summary

How do NOTE's earnings and revenue compare to its market cap?
0GSS fundamental statistics
Market cap	SEK 3.66b
Earnings (TTM)	SEK 265.96m
Revenue (TTM)	SEK 3.96b

13.8x

P/E Ratio

0.9x

P/S Ratio

Is 0GSS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0GSS income statement (TTM)
Revenue	SEK 3.96b
Cost of Revenue	SEK 3.48b
Gross Profit	SEK 475.79m
Other Expenses	SEK 209.83m
Earnings	SEK 265.96m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 27, 2025

Earnings per share (EPS)	9.18
Gross Margin	12.03%
Net Profit Margin	6.72%
Debt/Equity Ratio	33.7%

How did 0GSS perform over the long term?

See historical performance and comparison

0GSS Stock Overview

Rewards

Risk Analysis

NOTE AB (publ) Competitors

AIM:GHH

UK£119.6m

AIM:MIDW

UK£291.6m

AIM:BIG

UK£394.5m

AIM:KETL

UK£134.2m

Price History & Performance

Recent News & Updates

Now 23% undervalued after recent price drop

NOTE AB (publ) to Report Q2, 2025 Results on Jul 14, 2025

CEO & President recently bought kr505k worth of stock

Third quarter 2024 earnings released: EPS: kr1.49 (vs kr2.24 in 3Q 2023)

Investor sentiment deteriorates as stock falls 15%

CEO & President recently sold kr5.0m worth of stock

Recent updates

Now 23% undervalued after recent price drop

NOTE AB (publ) to Report Q2, 2025 Results on Jul 14, 2025

CEO & President recently bought kr505k worth of stock

Third quarter 2024 earnings released: EPS: kr1.49 (vs kr2.24 in 3Q 2023)

Investor sentiment deteriorates as stock falls 15%

CEO & President recently sold kr5.0m worth of stock

Independent Director recently bought kr250k worth of stock

CEO & President recently sold kr1.8m worth of stock

Second quarter 2024 earnings released: EPS: kr2.35 (vs kr2.73 in 2Q 2023)

NOTE AB (publ) to Report Fiscal Year 2024 Results on Jan 27, 2025

Director recently sold kr110m worth of stock

CEO & President recently sold kr2.6m worth of stock

First quarter 2024 earnings released: EPS: kr2.21 (vs kr2.93 in 1Q 2023)

NOTE AB (publ) to Report Nine Months, 2024 Results on Oct 15, 2024

Less than half of directors are independent

Full year 2023 earnings released: EPS: kr11.04 (vs kr8.79 in FY 2022)

NOTE AB (publ) Adjusts the Guidance for the Full Year 2023

Director recently bought kr37m worth of stock

New minor risk - Insider selling

CEO & President recently sold kr7.9m worth of stock

NOTE AB (publ), Annual General Meeting, Apr 18, 2024

Third quarter 2023 earnings released: EPS: kr2.24 (vs kr1.38 in 3Q 2022)

NOTE AB (publ), Annual General Meeting, Apr 18, 2024

NOTE AB (publ) to Report Fiscal Year 2023 Results on Jan 29, 2024

Director recently bought kr513k worth of stock

Director recently bought kr2.3m worth of stock

Second quarter 2023 earnings released: EPS: kr2.73 (vs kr2.04 in 2Q 2022)

Investor sentiment deteriorates as stock falls 20%

NOTE AB (publ) acquired Dvr Limited from Hellings family for £9 million.

Employee Representative Director recently sold kr144k worth of stock

CEO & President recently bought kr999k worth of stock

First quarter 2023 earnings released: EPS: kr2.93 (vs kr1.95 in 1Q 2022)

CEO & President recently sold kr4.4m worth of stock

An unknown buyer acquired a 4% stake in NOTE AB (publ) from Johannes Lind-Widestam for SEK 4.4 million.

Full year 2022 earnings released: EPS: kr8.79 (vs kr6.79 in FY 2021)

NOTE AB (publ) to Report Q2, 2023 Results on Jul 13, 2023

Note AB (Publ) Provides Sales Guidance for the Full Year of 2023

Note AB (Publ) Confirms Earnings Guidance for the Fourth Quarter and Full Year of 2022

Insufficient new directors

NOTE AB (publ) to Report Q1, 2023 Results on Apr 19, 2023

Third quarter 2022 earnings released: EPS: kr1.38 (vs kr1.68 in 3Q 2021)

NOTE AB (publ) to Report Fiscal Year 2022 Results on Jan 27, 2023

Second quarter 2022 earnings released: EPS: kr2.04 (vs kr1.65 in 2Q 2021)

NOTE AB (publ) Provides Sales Guidance for the Second Half and Full Year 2022

Insufficient new directors

NOTE's plant in China is opening its operations earlier than expected

Director recently bought kr1.1m worth of stock

Insufficient new directors

NOTE AB (publ) to Report Q2, 2022 Results on Jul 14, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

NOTE AB (publ) to Report Q3, 2022 Results on Oct 18, 2022

NOTE AB (publ)(OM:NOTE) dropped from OMX Nordic Small Cap Index

Investor sentiment improved over the past week

Independent Director recently bought kr448k worth of stock

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS kr1.68 (vs kr0.99 in 3Q 2020)

Director recently bought kr1.7m worth of stock

Insider recently bought kr53k worth of stock

CEO & President recently sold kr2.7m worth of stock