🎉 M&A multiples are live!
Check it out!

Note Valuation Multiples

Discover revenue and EBITDA valuation multiples for Note and similar public comparables like TKH Group, Nedap, and Signify.

Note Overview

About Note

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.


Founded

1999

HQ

Sweden
Employees

1.2K+

Website

note-ems.com

Financials

LTM Revenue $394M

LTM EBITDA $50.2M

EV

$512M

Valuation Multiples

Multiples.vc

Sign up to see

Valuation Multiples for 10K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Note Financials

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

Note P&L

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

Financial data powered by Morningstar, Inc.

Note Stock Performance

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

Note Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$512M $491M XXX XXX XXX XXX $0.91

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Sign Up

Note Valuation Multiples

As 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

Note Financial Valuation Multiples

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

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Note Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Sign Up

Note Valuation Multiples

Note'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

Note Operational Valuation Multiples

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

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics
Pharma Analytics
Private Equity
ERP Software
Developer Tools
Consumer SaaS
Streaming Platforms

Note Public Comps

See public comps and valuation multiples for Electronic Equipment and Electronic Components comps
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 M&A and Investment Activity

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

Latest Acquisitions by Note

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

Get Verified M&A Valuation Multiples

Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.

Sign Up

About Note

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).

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.