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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 $406M
LTM EBITDA $51.5M
$487M
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 (LTM) of $406M and a last 12-month EBITDA of $51.5M.
In the most recent fiscal year, Note achieved revenue of $402M and an EBITDA of $48.6M.
Note expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Note valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $406M | XXX | $402M | XXX | XXX | XXX |
| Gross Profit | $51.8M | XXX | $53.6M | XXX | XXX | XXX |
| Gross Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA | $51.5M | XXX | $48.6M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBIT | $38.4M | XXX | $36.6M | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $27.3M | XXX | $25.6M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Note's stock price is SEK 162 (or $17).
Note has current market cap of SEK 4.6B (or $476M), and EV of SEK 4.7B (or $487M).
See Note trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $487M | $476M | XXX | XXX | XXX | XXX | $0.96 |
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Start Free TrialAs of May 30, 2025, Note has market cap of $476M and EV of $487M.
Note's trades at 1.2x EV/Revenue multiple, and 10.0x EV/EBITDA.
Equity research analysts estimate Note's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Note has a P/E ratio of 17.5x.
See valuation multiples for Note and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $476M | XXX | $476M | XXX | XXX | XXX |
| EV (current) | $487M | XXX | $487M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.4x | XXX | 10.0x | XXX | XXX | XXX |
| EV/EBIT | 12.7x | XXX | 13.3x | XXX | XXX | XXX |
| EV/Gross Profit | 9.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 17.5x | XXX | 18.6x | XXX | XXX | XXX |
| EV/FCF | 12.4x | XXX | 9.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNote's last 12 month revenue growth is 5%
Note's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $14K for the same period.
Note's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Note's rule of X is 26% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Note and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | -1% | XXX | XXX | XXX |
| Rule of 40 | 18% | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $14K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 4% | 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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Start Free Trial| 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 $476M |
| What is the current revenue of Note? | Note's last 12 months revenue is $406M. |
| What is the current revenue growth of Note? | Note revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Note? | Current revenue multiple of Note is 1.2x. |
| Is Note profitable? | Yes, Note is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Note? | Note's last 12 months EBITDA is $51.5M. |
| What is Note's EBITDA margin? | Note's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Note? | Current EBITDA multiple of Note is 9.4x. |
| What is the current FCF of Note? | Note's last 12 months FCF is $39.4M. |
| What is Note's FCF margin? | Note's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Note? | Current FCF multiple of Note is 12.4x. |
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