NOTE Future Growth

Future criteria checks 4/6

NOTE is forecast to grow earnings and revenue by 20% and 11.6% per annum respectively. EPS is expected to grow by 20% per annum. Return on equity is forecast to be 18.3% in 3 years.

Key information

20.0%

Earnings growth rate

20.0%

EPS growth rate

Electronic earnings growth	8.0%
Revenue growth rate	11.6%
Future return on equity	18.3%
Analyst coverage	Low
Last updated	13 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

LSE:0GSS - Analysts future estimates and past financials data (SEK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	4,996	388	217	N/A	1
12/31/2025	4,426	323	170	N/A	1
12/31/2024	3,856	243	359	N/A	1
9/30/2024	3,956	266	488	602	N/A
6/30/2024	4,181	288	380	488	N/A
3/31/2024	4,247	299	258	356	N/A
12/31/2023	4,243	320	247	342	N/A
9/30/2023	4,201	328	153	238	N/A
6/30/2023	4,097	303	77	148	N/A
3/31/2023	3,917	283	57	115	N/A
12/31/2022	3,687	254	3	50	N/A
9/30/2022	3,463	223	-57	-33	N/A
6/30/2022	3,218	231	-70	-39	N/A
3/31/2022	2,962	219	-54	-23	N/A
12/31/2021	2,643	194	-62	-33	N/A
9/30/2021	2,295	158	-3	38	N/A
6/30/2021	2,043	138	67	84	N/A
3/31/2021	1,901	125	109	129	N/A
12/31/2020	1,874	116	172	189	N/A
9/30/2020	1,891	110	212	240	N/A
6/30/2020	1,892	104	210	246	N/A
3/31/2020	1,830	94	141	159	N/A
12/31/2019	1,760	92	75	96	N/A
9/30/2019	1,674	90	-25	4	N/A
6/30/2019	1,564	79	-19	7	N/A
3/31/2019	1,476	72	-12	15	N/A
12/31/2018	1,379	64	4	27	N/A
9/30/2018	1,307	58	16	25	N/A
6/30/2018	1,248	63	N/A	2	N/A
3/31/2018	1,207	57	N/A	20	N/A
12/31/2017	1,176	72	N/A	40	N/A
9/30/2017	1,139	67	N/A	37	N/A
6/30/2017	1,122	63	N/A	57	N/A
3/31/2017	1,096	62	N/A	56	N/A
12/31/2016	1,098	45	N/A	49	N/A
9/30/2016	1,115	39	N/A	74	N/A
6/30/2016	1,128	38	N/A	44	N/A
3/31/2016	1,125	36	N/A	23	N/A
12/31/2015	1,122	35	N/A	19	N/A
9/30/2015	1,064	35	N/A	4	N/A
6/30/2015	1,038	34	N/A	4	N/A
3/31/2015	1,007	31	N/A	13	N/A
12/31/2014	964	25	N/A	16	N/A
9/30/2014	971	25	N/A	-2	N/A
6/30/2014	936	9	N/A	30	N/A
3/31/2014	925	5	N/A	37	N/A
12/31/2013	907	1	N/A	4	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0GSS's forecast earnings growth (20% per year) is above the savings rate (2.1%).

Earnings vs Market: 0GSS's earnings (20% per year) are forecast to grow faster than the UK market (14.6% per year).

High Growth Earnings: 0GSS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0GSS's revenue (11.6% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: 0GSS's revenue (11.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 0GSS's Return on Equity is forecast to be low in 3 years time (18.3%).

NOTE Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

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

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

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

NOTE AB (publ) Announces Earning Guidance for the Full Year 2021

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

Second quarter 2021 earnings released: EPS kr1.65 (vs kr1.21 in 2Q 2020)

NOTE AB (publ) Announces Earning Guidance for the Full Year 2021

NOTE Grows Within medtech - Starts Deliveries to Mölnlycke

Director recently bought kr1.8m worth of stock

Investor sentiment improved over the past week

NOTE AB (publ) (OM:NOTE) acquired iPRO Holdings Ltd for £9.3 million.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity