Valuation NOTE AB

Stocks

Real-time Estimate Cboe Europe Other stock markets 12:58:21 01/07/2026 pm IST			5-day change	1st Jan Change
155.90 ^SEK	-1.08%		-3.23%	-14.19%

12:51pm	Handelsbanken cuts its target price for Note to 173 kronor (202), reiterates hold - BN	FW
29/06	SEB cuts Note target price to 176 kronor (195), reiterates hold	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
Market Cap ¹	1,691	6,603	4,304	4,290	4,499	4,499	-
Change	-	290.47%	-	-0.34%	4.89%	0%	-
Enterprise Value (EV) ¹	1,691	6,603	4,304	4,509	5,720	5,811	5,587
Change	-	290.47%	-	4.75%	26.87%	15.76%	-3.85%
P/E	14.7x	34.4x	13.5x	17.2x	18.4x	14.1x	11.3x
PBR	-	-	-	2.57x	3.15x	2.23x	1.92x
PEG	-	0.5x	-	-0.8x	1.2x	0.8x	0.4x
Capitalization / Revenue	-	-	-	1.1x	1.36x	0.95x	0.84x
EV / Revenue	-	-	-	1.16x	1.5x	1.23x	1.04x
EV / EBITDA	-	-	-	9.51x	11.3x	9.03x	7.43x
EV / EBIT	-	-	-	12.8x	15x	12.1x	9.9x
EV / FCF	-	-	-	-	15.8x	25.5x	17.6x
FCF Yield	-	-	-	-	6.34%	3.92%	5.67%
Dividend per Share ²	-	-	-	-	4.64	1.36	1.755
Rate of return	-	-	-	-	2.94%	0.86%	1.11%
EPS ²	4.05	6.72	11.04	8.61	9.89	11.18	14
Distribution rate	-	-	-	-	48.6%	12.2%	12.5%
Net sales ¹	-	-	-	3,901	3,814	4,720	5,369
EBITDA ¹	-	-	-	474	504	643.3	752.3
EBIT ¹	-	-	-	352	381	481.4	564.3
Net income ¹	116	194	320	248	281	320.3	399.8
Net Debt ¹	-	-	-	219	530	1,311	1,087
Reference price ²	59.60	231.00	148.50	148.00	157.60	157.60	157.60
Nbr of stocks (in thousands)	28,373	28,584	28,984	28,984	28,549	28,549	-
Announcement Date	18/06/21	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	16.5x	1.31x	10.1x	2.94%	46Cr
MEDIATEK INC.	63.82x	10.16x	51.52x	1.25%	21TCr
SMIC (SEMICONDUCTOR MANUFACTURING INTERNATIONAL COMPANY)	87.87x	10.83x	20.78x	-.--%	12TCr
SUZHOU DONGSHAN PRECISION MANUFACTURING CO., LTD.	68.57x	-	-	0.14%	7.04TCr
ELITE MATERIAL CO., LTD.	56.12x	11.33x	42.53x	0.84%	6.07TCr
UNIMICRON TECHNOLOGY CORP.	71.29x	9.25x	36.71x	0.62%	5.34TCr
METAX INTEGRATED CIRCUITS (SHANGHAI) CO., LTD.	9203.33x	87.38x	2278.89x	-	4.88TCr
VICTORY GIANT TECHNOLOGY (HUIZHOU) CO.,LTD	36.58x	9.31x	27.47x	0.92%	4.94TCr
SHENNAN CIRCUITS CO., LTD.	60.84x	10.13x	41.21x	0.73%	4.59TCr
WUS PRINTED CIRCUIT (KUNSHAN) CO., LTD.	46.11x	10.54x	34.23x	0.44%	4.33TCr
Average	971.10x	17.81x	282.61x	0.88%	7.01TCr
Weighted average by Cap.	701.31x	16.25x	212.34x	0.7%