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Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
1999
1.2K+
LTM Revenue $394M
LTM EBITDA $50.2M
$512M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Note has a last 12-month revenue of $394M and a last 12-month EBITDA of $50.2M.
In the most recent fiscal year, Note achieved revenue of $387M and an EBITDA of $46.8M.
Note expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Note valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $421M | $387M | XXX | XXX | XXX |
| Gross Profit | $47.0M | $51.0M | XXX | XXX | XXX |
| Gross Margin | 11% | 13% | XXX | XXX | XXX |
| EBITDA | $53.5M | $46.8M | XXX | XXX | XXX |
| EBITDA Margin | 13% | 12% | XXX | XXX | XXX |
| Net Profit | $25.2M | $31.8M | XXX | XXX | XXX |
| Net Margin | 6% | 8% | XXX | XXX | XXX |
| Net Debt | $34.6M | $24.6M | XXX | XXX | XXX |
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As of April 15, 2025, Note's stock price is SEK 174 (or $17).
Note has current market cap of SEK 4.9B (or $491M), and EV of SEK 5.2B (or $512M).
See Note trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $512M | $491M | XXX | XXX | XXX | XXX | $0.91 |
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Sign UpAs of April 15, 2025, Note has market cap of $491M and EV of $512M.
Note's trades at 1.3x LTM EV/Revenue multiple, and 10.2x LTM EBITDA.
Analysts estimate Note's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Note and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $512M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 11.0x | XXX | XXX | XXX |
| P/E | 19.9x | XXX | XXX | XXX |
| P/E/Growth | 1.0x | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNote's NTM/LTM revenue growth is 8%
Note's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $13K for the same period.
Over next 12 months, Note's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Note's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Note and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -13% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $13K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 4% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASML | XXX | XXX | XXX | XXX | XXX | XXX |
| Besi | XXX | XXX | XXX | XXX | XXX | XXX |
| Signify | XXX | XXX | XXX | XXX | XXX | XXX |
| Nedap | XXX | XXX | XXX | XXX | XXX | XXX |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Note acquired XXX companies to date.
Last acquisition by Note was XXXXXXXX, XXXXX XXXXX XXXXXX . Note acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Note founded? | Note was founded in 1999. |
| Where is Note headquartered? | Note is headquartered in Sweden. |
| How many employees does Note have? | As of today, Note has 1.2K+ employees. |
| Who is the CEO of Note? | Note's CEO is Mr. Johannes Lind-Widestam. |
| Is Note publicy listed? | Yes, Note is a public company listed on STO. |
| What is the stock symbol of Note? | Note trades under NOTE ticker. |
| When did Note go public? | Note went public in 2004. |
| Who are competitors of Note? | Similar companies to Note include e.g. ASML, Besi, Signify, Nedap. |
| What is the current market cap of Note? | Note's current market cap is $491M |
| What is the current revenue of Note? | Note's last 12-month revenue is $394M. |
| What is the current EBITDA of Note? | Note's last 12-month EBITDA is $50.2M. |
| What is the current EV/Revenue multiple of Note? | Current revenue multiple of Note is 1.3x. |
| What is the current EV/EBITDA multiple of Note? | Current EBITDA multiple of Note is 10.2x. |
| What is the current revenue growth of Note? | Note revenue growth between 2023 and 2024 was -8%. |
| Is Note profitable? | Yes, Note is EBITDA-positive (as of the last 12 months). |
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