Note AB (publ)
STO:NOTE

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Note AB (publ)
STO:NOTE
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Price: 177.9 SEK -0.11% Market Closed
Market Cap: 5.1B SEK

Relative Value

The Relative Value of one NOTE stock under the Base Case scenario is 225.58 SEK. Compared to the current market price of 177.9 SEK, Note AB (publ) is Undervalued by 21%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOTE Relative Value
Base Case
225.58 SEK
Undervaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
47
vs Industry
52
Median 3Y
1.2
Median 5Y
1.3
Industry
1.9
Forward
1.3
vs History
53
vs Industry
35
Median 3Y
18.4
Median 5Y
19.7
Industry
24.8
Forward
18.1
vs History
52
vs Industry
47
Median 3Y
9.1
Median 5Y
8.8
Industry
16.4
vs History
57
vs Industry
42
Median 3Y
11.8
Median 5Y
11.8
Industry
22.8
vs History
60
vs Industry
26
Median 3Y
3.2
Median 5Y
3.6
Industry
2.3
vs History
52
vs Industry
53
Median 3Y
1.2
Median 5Y
1.3
Industry
2.1
Forward
1.2
vs History
57
vs Industry
35
Median 3Y
8.9
Median 5Y
9.8
Industry
8.2
vs History
57
vs Industry
42
Median 3Y
9.3
Median 5Y
10.6
Industry
16.6
Forward
9.4
vs History
53
vs Industry
39
Median 3Y
12.7
Median 5Y
13.7
Industry
20.5
Forward
12.6
vs History
57
vs Industry
47
Median 3Y
8.7
Median 5Y
8.7
Industry
16.4
vs History
61
vs Industry
39
Median 3Y
9.2
Median 5Y
9.2
Industry
19.6
vs History
53
vs Industry
32
Median 3Y
2
Median 5Y
2.4
Industry
1.8

Multiples Across Competitors

NOTE Competitors Multiples
Note AB (publ) Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
SE
Note AB (publ)
STO:NOTE
5.1B SEK 1.3 18.9 9.9 13.2
CN
Foxconn Industrial Internet Co Ltd
SSE:601138
1.2T CNY 1.5 37.9 34.5 34.5
TW
Hon Hai Precision Industry Co Ltd
TWSE:2317
3.1T TWD 0.4 16.2 12.7 17.8
CH
TE Connectivity Ltd
NYSE:TEL
67.7B USD 3.9 36.8 16.9 21.1
CA
Celestica Inc
TSX:CLS
46.8B CAD 3 47.4 34.8 41.6
SG
Flex Ltd
NASDAQ:FLEX
24.3B USD 0.9 27.7 12.6 17.9
US
Jabil Inc
NYSE:JBL
24.4B USD 0.8 37.1 11.8 17.3
KY
Fabrinet
NYSE:FN
17B USD 4.7 48.5 40.3 46.8
CN
Goertek Inc
SZSE:002241
96.1B CNY 1 33.1 33.7 33.7
TW
FIH Mobile Ltd
F:FW3
11.5B EUR 2.3 775.3 99.8 99.8
US
Fabrinet
SWB:FAN
8.6B EUR 2.8 28.6 22.8 26.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Note AB (publ)
STO:NOTE
Average EV/EBITDA: 30
9.9
8%
1.2
CN
Foxconn Industrial Internet Co Ltd
SSE:601138
34.5
51%
0.7
TW
Hon Hai Precision Industry Co Ltd
TWSE:2317
12.7
19%
0.7
CH
TE Connectivity Ltd
NYSE:TEL
16.9
11%
1.5
CA
Celestica Inc
TSX:CLS
34.8
37%
0.9
SG
Flex Ltd
NASDAQ:FLEX
12.6
13%
1
US
Jabil Inc
NYSE:JBL
11.8
13%
0.9
KY
Fabrinet
NYSE:FN
40.3
28%
1.4
CN
Goertek Inc
SZSE:002241
33.7
45%
0.7
TW
FIH Mobile Ltd
F:FW3
99.8
N/A N/A
US
F
Fabrinet
SWB:FAN
22.8
28%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Note AB (publ)
STO:NOTE
Average EV/EBIT: 33.6
13.2
9%
1.5
CN
Foxconn Industrial Internet Co Ltd
SSE:601138
34.5
47%
0.7
TW
Hon Hai Precision Industry Co Ltd
TWSE:2317
17.8
23%
0.8
CH
TE Connectivity Ltd
NYSE:TEL
21.1
14%
1.5
CA
Celestica Inc
TSX:CLS
41.6
43%
1
SG
Flex Ltd
NASDAQ:FLEX
17.9
17%
1.1
US
Jabil Inc
NYSE:JBL
17.3
15%
1.2
KY
Fabrinet
NYSE:FN
46.8
28%
1.7
CN
Goertek Inc
SZSE:002241
33.7
25%
1.3
TW
FIH Mobile Ltd
F:FW3
99.8
N/A N/A
US
F
Fabrinet
SWB:FAN
26.5
28%
0.9