Inventory - Note AB (publ) (STO:NOTE)

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Price: 166.5 SEK 0.12% Market Closed

Market Cap: kr4.8B

Note AB (publ)
Inventory

Quarterly

Annual

Adjust for Inflation

Balance Sheet

Note AB (publ)
Inventory Peer Comparison

Company		Inventory	CAGR 3Y	CAGR 5Y	CAGR 10Y
	Note AB (publ) STO:NOTE	Inventory kr868m	CAGR 3-Years -12%	CAGR 5-Years 20%	CAGR 10-Years 16%
	Neonode Inc NASDAQ:NEON	Inventory N/A	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
H	Hanza AB STO:HANZA	Inventory kr1.2B	CAGR 3-Years 12%	CAGR 5-Years 27%	CAGR 10-Years 17%

Note AB (publ)
Glance View

Market Cap

4.8B SEK

Industry

Electrical Equipment

Note AB engages in the electronics manufacturing services. The company is headquartered in Stockholm, Stockholm and currently employs 1,346 full-time employees. The company went IPO on 2004-06-23. The Company’s operational segments are divided into two categories: Nearsourcing Centres and Industrial Plants. The Nearsourcing Centres segment comprises selling facilities in Sweden, Norway, Finland and the United Kingdom (UK), which provide development-oriented work in relationship with customers. The Industrial Plants area includes manufacturing units in Estonia and China. The firm specializes in the production of printed circuit board assemblies (PCBAs), sub-assemblies and box build products, as well as in the delivery of product and test management, end of life management, and spare parts, among others. Furthermore, It operates through a number of subsidiaries, such as NOTE Components AB, NOTE International AB, NOTE UK Ltd, NOTE Norge AS, NOTE Hyvinkaa Oy and IONOTE Electronics (Dongguan) Ltd.

View NOTE Analysis

NOTE Intrinsic Value

Overvaluation 12%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Note AB (publ)
STO:NOTE

Note AB (publ)
Inventory

Note AB (publ)
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Note AB (publ)
Glance View

See Also

What is Note AB (publ)'s Inventory?

Inventory
868m SEK

What is Note AB (publ)'s Inventory growth rate?

Inventory CAGR 10Y
16%

Company

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Note AB (publ) STO:NOTE

Note AB (publ) Inventory

Note AB (publ) Inventory Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Note AB (publ) Glance View

See Also

What is Note AB (publ)'s Inventory? Inventory 868m SEK

What is Note AB (publ)'s Inventory growth rate? Inventory CAGR 10Y 16%

Company

Help

Tools

Stocks

Note AB (publ)
STO:NOTE

Note AB (publ)
Inventory

Note AB (publ)
Inventory Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Note AB (publ)
Glance View

What is Note AB (publ)'s Inventory?

Inventory
868m SEK

What is Note AB (publ)'s Inventory growth rate?

Inventory CAGR 10Y
16%