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NOTE

OM:NOTE
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NOTE
OM
SEK781M
Market Cap
  1. Home
  2. SE
  3. Tech
Company description

NOTE AB (publ) operates as a manufacturing and logistics partner for producing electronics-based products primarily in Sweden, Finland, the United Kingdom, Estonia, and China. The last earnings update was 24 days ago. More info.


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NOTE Share Price and Events
7 Day Returns
-0.7%
OM:NOTE
0.6%
SE Electronic
0.8%
SE Market
1 Year Returns
15.8%
OM:NOTE
4.1%
SE Electronic
-0.6%
SE Market
NOTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NOTE (NOTE) -0.7% -0.2% 14.4% 15.8% 118.1% 249%
SE Electronic 0.6% -4.5% 2.7% 4.1% 24.2% 114.9%
SE Market 0.8% -2.3% 2.4% -0.6% 14.3% 18.2%
1 Year Return vs Industry and Market
  • NOTE outperformed the Electronic industry which returned 4.1% over the past year.
  • NOTE outperformed the Market in Sweden which returned -0.6% over the past year.
Price Volatility
NOTE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is NOTE undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for NOTE. This is due to cash flow or dividend data being unavailable. The share price is SEK27.05.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NOTE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NOTE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:NOTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SEK SEK2.50
OM:NOTE Share Price ** OM (2019-05-17) in SEK SEK27.05
Sweden Electronic Industry PE Ratio Median Figure of 18 Publicly-Listed Electronic Companies 21.69x
Sweden Market PE Ratio Median Figure of 323 Publicly-Listed Companies 16.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NOTE.

OM:NOTE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:NOTE Share Price ÷ EPS (both in SEK)

= 27.05 ÷ 2.50

10.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NOTE is good value based on earnings compared to the SE Electronic industry average.
  • NOTE is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does NOTE's expected growth come at a high price?
Raw Data
OM:NOTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.1%per year
Sweden Electronic Industry PEG Ratio Median Figure of 15 Publicly-Listed Electronic Companies 1.72x
Sweden Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NOTE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NOTE's assets?
Raw Data
OM:NOTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SEK SEK14.34
OM:NOTE Share Price * OM (2019-05-17) in SEK SEK27.05
Sweden Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 2.9x
Sweden Market PB Ratio Median Figure of 567 Publicly-Listed Companies 2.46x
OM:NOTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:NOTE Share Price ÷ Book Value per Share (both in SEK)

= 27.05 ÷ 14.34

1.89x

* Primary Listing of NOTE.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NOTE is good value based on assets compared to the SE Electronic industry average.
X
Value checks
We assess NOTE's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. NOTE has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NOTE expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover NOTE, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NOTE expected to grow at an attractive rate?
  • NOTE's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • NOTE's earnings growth is positive but not above the Sweden market average.
  • Unable to compare NOTE's revenue growth to the Sweden market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OM:NOTE Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:NOTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.1%
Sweden Electronic Industry Earnings Growth Rate Market Cap Weighted Average 11%
Sweden Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:NOTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:NOTE Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-03-31 1,476 15 72
2018-12-31 1,379 27 64
2018-09-30 1,307 26 58
2018-06-30 1,249 1 63
2018-03-31 1,207 20 57
2017-12-31 1,176 40 72
2017-09-30 1,139 37 67
2017-06-30 1,122 57 63
2017-03-31 1,096 56 62
2016-12-31 1,098 49 45
2016-09-30 1,115 74 39
2016-06-30 1,128 44 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NOTE's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if NOTE is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:NOTE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from NOTE Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:NOTE Past Financials Data
Date (Data in SEK Millions) EPS *
2019-03-31 2.50
2018-12-31 2.22
2018-09-30 2.00
2018-06-30 2.17
2018-03-31 1.98
2017-12-31 2.50
2017-09-30 2.33
2017-06-30 2.17
2017-03-31 2.14
2016-12-31 1.57
2016-09-30 1.36
2016-06-30 1.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NOTE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess NOTE's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NOTE has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NOTE performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NOTE's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NOTE has delivered over 20% year on year earnings growth in the past 5 years.
  • NOTE's 1-year earnings growth is less than its 5-year average (26.2% vs 27.2%)
  • NOTE's earnings growth has exceeded the SE Electronic industry average in the past year (26.2% vs 21.9%).
Earnings and Revenue History
NOTE's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NOTE Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:NOTE Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,475.58 72.24 86.36
2018-12-31 1,378.58 64.24 82.36
2018-09-30 1,307.12 57.74 79.93
2018-06-30 1,248.72 62.64 71.43
2018-03-31 1,206.62 57.24 70.23
2017-12-31 1,175.72 72.14 73.13
2017-09-30 1,138.88 67.22 74.20
2017-06-30 1,122.08 62.52 72.90
2017-03-31 1,096.08 61.92 74.20
2016-12-31 1,098.08 45.22 71.80
2016-09-30 1,115.10 39.34 75.06
2016-06-30 1,128.20 38.04 77.56
2016-03-31 1,125.30 35.54 77.66
2015-12-31 1,121.50 34.64 78.76
2015-09-30 1,064.42 34.68 73.20
2015-06-30 1,038.42 33.58 72.50
2015-03-31 1,006.52 30.78 70.50
2014-12-31 964.02 24.58 68.90
2014-09-30 971.18 25.15 67.55
2014-06-30 936.48 8.55 65.75
2014-03-31 924.98 4.85 64.35
2013-12-31 906.98 0.65 63.95
2013-09-30 892.14 -14.78 64.36
2013-06-30 925.34 -0.38 63.96
2013-03-31 969.34 4.42 64.26
2012-12-31 1,029.24 12.62 64.96
2012-09-30 1,086.45 28.99 64.98
2012-06-30 1,125.05 31.89 65.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • NOTE has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NOTE used its assets less efficiently than the SE Electronic industry average last year based on Return on Assets.
  • NOTE has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NOTE's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NOTE has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NOTE's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up NOTE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NOTE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NOTE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NOTE's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NOTE Company Filings, last reported 1 month ago.

OM:NOTE Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 414.00 271.00 44.00
2018-12-31 383.63 188.49 30.99
2018-09-30 380.60 104.20 52.90
2018-06-30 375.90 113.10 54.90
2018-03-31 384.80 112.30 102.30
2017-12-31 369.22 110.09 87.19
2017-09-30 346.50 77.70 50.50
2017-06-30 333.30 84.80 82.10
2017-03-31 343.90 125.00 142.50
2016-12-31 318.03 131.98 71.59
2016-09-30 304.50 117.20 53.60
2016-06-30 291.40 114.20 45.30
2016-03-31 296.20 112.80 56.80
2015-12-31 287.14 129.21 47.30
2015-09-30 283.30 123.50 23.00
2015-06-30 273.50 103.10 27.00
2015-03-31 282.00 103.60 61.50
2014-12-31 270.16 99.50 35.16
2014-09-30 260.30 89.10 25.10
2014-06-30 249.80 99.80 57.90
2014-03-31 241.50 100.00 66.50
2013-12-31 238.14 97.54 40.73
2013-09-30 230.70 83.10 29.60
2013-06-30 240.90 99.00 41.90
2013-03-31 256.60 100.60 60.00
2012-12-31 260.50 101.34 70.72
2012-09-30 266.90 92.50 37.90
2012-06-30 263.30 109.20 33.90
  • NOTE's level of debt (65.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (41.4% vs 65.5% today).
  • Debt is not well covered by operating cash flow (5.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 46.3x coverage).
X
Financial health checks
We assess NOTE's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NOTE has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NOTE's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.59%
Current annual income from NOTE dividends.
If you bought SEK2,000 of NOTE shares you are expected to receive SEK52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NOTE's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.79%).
  • NOTE's dividend is below the markets top 25% of dividend payers in Sweden (4.39%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:NOTE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Sweden Electronic Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.3%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 243 Stocks 3.2%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.1%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.8%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:NOTE Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.700 2.645
2018-04-26 1.000 4.389
2017-03-21 0.700 2.965
2016-03-18 0.700 4.776
2015-03-20 0.500 4.653
2014-10-20 0.000 0.000
2014-07-14 0.000 0.000
2014-04-25 0.000 0.000
2014-02-28 0.000 0.000
2014-02-06 0.000 0.000
2013-03-21 0.750 11.465
2012-04-04 0.300 4.328
2012-02-10 0.300 3.534
2009-10-20 0.000 0.000
2009-07-17 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NOTE has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but NOTE only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of NOTE's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NOTE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NOTE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NOTE has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NOTE's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Johannes Lind-Widestam
AGE 46
TENURE AS CEO 0.7 years
CEO Bio

Mr. Johannes Lind-Widestam is Chief Executive Officer and President of NOTE AB (publ) since September 2018. Mr. Lind-Widestam served as the Chief Executive Officer and President at Elos Medtech AB (publ) since February 1, 2015 until June 30, 2016. Mr. Lind-Widestam served as Managing Director and President of ASSA OEM AB. He was Purchasing Director at Nobel Biocare and responsible for Swedish operations at Kitron. He was CEO at Kitron Sweden AB. His Experience are from different senior positions within the ASSA group, Flextronics International AB and Nobel Biocare Services AG, for example as CEO and global purchasing manager. He served as a Board Member of NOTE AB since 2018 until January 2019. He holds M.Sc. (Econ).

CEO Compensation
  • Insufficient data for Johannes to compare compensation growth.
  • Insufficient data for Johannes to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the NOTE management team in years:

2.7
Average Tenure
49
Average Age
  • The tenure for the NOTE management team is about average.
Management Team

Henrik Nygren

TITLE
Chief Financial Officer
COMPENSATION
SEK412K
AGE
62
TENURE
13.3 yrs

Stefan Hedelius

TITLE
Executive Officer
COMPENSATION
SEK6M
AGE
49
TENURE
2.1 yrs

Johannes Lind-Widestam

TITLE
CEO & President
AGE
46
TENURE
0.7 yrs

Frida Frykstrand

TITLE
Corporate Accounting Manager
TENURE
3.3 yrs

Fredrik Schultz

TITLE
Chief Sales Officer
AGE
46
TENURE
3.7 yrs

Gunilla Olsson

TITLE
Head of Group Staff Accounting & Finance
AGE
57

David Krantz

TITLE
Chief Procurement Officer
AGE
38
TENURE
1.8 yrs

Mikko Sajaniemi

TITLE
President of NOTE Hyvinkää Oy
AGE
65

Jacek Malecki

TITLE
President of NOTE Components Gdansk Sp.z.o.o.

Kerstin Åkerberg

TITLE
President of NOTE Tauragé UAB
Board of Directors Tenure

Average tenure and age of the NOTE board of directors in years:

0.8
Average Tenure
47
Average Age
  • The average tenure for the NOTE board of directors is less than 3 years, this suggests a new board.
Board of Directors

Johan Hagberg

TITLE
Chairman
COMPENSATION
SEK98K
AGE
47
TENURE
0.8 yrs

Kjell-Åke Andersson

TITLE
Director
COMPENSATION
SEK162K
AGE
72
TENURE
9.3 yrs

Christoffer Skogh

TITLE
Employee Representative Director
AGE
43
TENURE
1.9 yrs

Bahare Hederstierna

TITLE
Director
COMPENSATION
SEK107K
AGE
37
TENURE
4.3 yrs

Anna Belfrage

TITLE
Director
AGE
56
TENURE
0.3 yrs

Kaj Falkenlund

TITLE
Director
AGE
60
TENURE
0.3 yrs

Claes Mellgren

TITLE
Director
AGE
59
TENURE
0.3 yrs

Charlotte Stjerngren

TITLE
Director
AGE
42
TENURE
0.3 yrs

Johan Lantz

TITLE
Deputy Director
AGE
46
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • NOTE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
08. May 19 Sell Kjell-Åke Andersson Individual 06. May 19 06. May 19 -1,500 SEK27.20 SEK-40,800
07. May 19 Sell Kjell-Åke Andersson Individual 02. May 19 03. May 19 -46,042 SEK28.10 SEK-1,289,678
X
Management checks
We assess NOTE's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NOTE has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why I Think NOTE (STO:NOTE) Might Deserve Your Attention Today

So if you're like me, you might be more interested in profitable, growing companies, like NOTE (STO:NOTE). … See our latest analysis for NOTE How Fast Is NOTE Growing? … So it is good to see that NOTE insiders have a significant amount of capital invested in the stock.

Simply Wall St -

Does NOTE AB (publ) (STO:NOTE) Have A Volatile Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

NOTE AB (publ) (STO:NOTE): 3 Days To Buy Before The Ex-Dividend Date

Have you been keeping an eye on NOTE AB (publ)'s (STO:NOTE) upcoming dividend of kr0.70 per share payable on the 03 May 2019? … Is it paying an annual yield above 75% of dividend payers? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

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Should You Be Concerned With NOTE AB (publ)'s (STO:NOTE) -11% Earnings Drop?

Below, I will examine NOTE AB (publ)'s (STO:NOTE) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Did NOTE perform worse than its track record and industry. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 31%, indicating the rate at which NOTE is growing has slowed down

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Did You Manage To Avoid NOTE's (STO:NOTE) -225% Share Price Drop?

One great example is NOTE AB (publ) (STO:NOTE) which saw its share price drive 225% higher over five years. … It's also good to see the share price up 19% over the last quarter. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

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Should You Like NOTE AB (publ)’s (STO:NOTE) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Do You Like NOTE AB (publ) (STO:NOTE) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use NOTE AB (publ)'s (STO:NOTE) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Can We See Significant Insider Ownership On The NOTE AB (publ) (STO:NOTE) Share Register?

The big shareholder groups in NOTE AB (publ) (STO:NOTE) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … NOTE is not a large company by global standards.

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How Does NOTE AB (publ) (STO:NOTE) Affect Your Portfolio Volatility?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

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How Good Is NOTE AB (publ) (STO:NOTE), When It Comes To ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each SEK1 of shareholders' equity it has, the company made SEK0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Company Info

Description

NOTE AB (publ) operates as a manufacturing and logistics partner for producing electronics-based products primarily in Sweden, Finland, the United Kingdom, Estonia, and China. The company provides advanced production technology services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and batch production, as well as after-sales services. It also produces PCBAs, sub-assemblies, and box build products. The company primarily serves the medtech, defence, manufacturing, communication, and consumer electronics industries. NOTE AB (publ) was founded in 1999 and is headquartered in Kista, Sweden.

Details
Name: NOTE AB (publ)
NOTE
Exchange: OM
Founded: 1999
SEK781,003,830
28,872,600
Website: http://www.note.eu
Address: NOTE AB (publ)
Box 1285,
Kista,
164 29,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NOTE Class A Shares OMX Nordic Exchange Stockholm SE SEK 23. Jun 2004
LSE 0GSS Class A Shares London Stock Exchange GB SEK 23. Jun 2004
BATS-CHIXE NOTES Class A Shares BATS 'Chi-X Europe' GB SEK 23. Jun 2004
Number of employees
Current staff
Staff numbers
1,050
NOTE employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 20:34
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.