Valuation NOTE AB

Stocks

Market Closed - Nasdaq Stockholm Other stock markets 20:00:00 27/07/2026 +04			5-day change	1st Jan Change
144.10 ^SEK	-1.03%		+0.35%	-20.74%

07-23	SB1 starts coverage of Note with a buy rating	FW
07-23	SB1 Markets initiates coverage of Note with a buy rating and a target price of 175 kronor	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2023	2024	2025	2026	2027	2028
Market Cap ¹	6,603	4,304	4,290	5,190	4,157	-	-
Change	-	-	-0.34%	20.99%	-19.91%	-	-
Enterprise Value (EV) ¹	6,603	4,304	4,509	5,720	5,495	5,281	4,979
Change	-	-	4.75%	26.87%	-3.93%	-3.89%	-5.72%
P/E	34.4x	13.5x	17.2x	18.4x	14.4x	10.6x	9.44x
PBR	-	-	2.57x	3.15x	2.11x	1.79x	1.53x
PEG	-	-	-0.8x	1.2x	7.15x	0.3x	0.7x
Capitalization / Revenue	-	-	1.1x	1.36x	0.9x	0.78x	0.73x
EV / Revenue	-	-	1.16x	1.5x	1.19x	1x	0.87x
EV / EBITDA	-	-	9.51x	11.3x	9.04x	7.17x	6.24x
EV / EBIT	-	-	12.8x	15x	12.6x	9.59x	8.31x
EV / FCF	-	-	-	15.8x	27.8x	17.3x	12.3x
FCF Yield	-	-	-	6.34%	3.6%	5.79%	8.15%
Dividend per Share ²	-	-	-	-	2.693	1.751	1.962
Rate of return	-	-	-	-	1.85%	1.2%	1.35%
EPS ²	6.72	11.04	8.61	9.89	10.09	13.69	15.42
Distribution rate	-	-	-	-	26.7%	12.8%	12.7%
Net sales ¹	-	-	3,901	3,814	4,634	5,306	5,705
EBITDA ¹	-	-	474	504	607.6	736.5	798.6
EBIT ¹	-	-	352	381	437.6	550.8	598.9
Net income ¹	194	320	248	281	288	390.7	440.1
Net Debt ¹	-	-	219	530	1,339	1,125	822.7
Reference price ²	231.00	148.50	148.00	181.80	145.60	145.60	145.60
Nbr of stocks (in thousands)	28,584	28,984	28,984	28,549	28,549	-	-
Announcement Date	28/01/22	22/03/24	27/01/25	26/01/26	-	-	-

¹SEK in Million²SEK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NOTE AB	14.43x	1.19x	9.04x	1.85%	429M
MEDIATEK INC.	55.85x	8.9x	44.85x	1.42%	185B
SMIC (SEMICONDUCTOR MANUFACTURING INTERNATIONAL COMPANY)	68.68x	10.19x	19.56x	-.--%	109B
SUZHOU DONGSHAN PRECISION MANUFACTURING CO., LTD.	53.24x	-	-	0.19%	53.62B
ELITE MATERIAL CO., LTD.	48.15x	9.71x	35.84x	0.99%	52.67B
METAX INTEGRATED CIRCUITS (SHANGHAI) CO., LTD.	9129x	86.51x	2746.1x	-	48.55B
UNIMICRON TECHNOLOGY CORP.	52.42x	7.45x	28.94x	0.79%	42.54B
SHENNAN CIRCUITS CO., LTD.	43.88x	7.31x	29.79x	1%	33.48B
VICTORY GIANT TECHNOLOGY (HUIZHOU) CO.,LTD	24.48x	6.75x	18.9x	1.38%	32.65B
WUS PRINTED CIRCUIT (KUNSHAN) CO., LTD.	33.3x	7.72x	25.41x	0.6%	31.89B
Average	952.34x	16.19x	328.71x	0.91%	58.96B
Weighted average by Cap.	800.45x	15.85x	278.53x	0.84%