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NOTE AB (DE:NQA)
:NQA

NOTE AB (NQA) AI Stock Analysis

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NOTE AB (NQA) vs. iShares MSCI Germany ETF (EWG)

NOTE AB Business Overview & Revenue Model

Company DescriptionNOTE AB (publ), together with its subsidiaries, provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Estonia, China, and internationally. The company offers advanced production technology services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and serial production, as well as after-sales services. It also produces PCBAs, sub-assemblies, and box build products. The company primarily serves the medtech, greentech, industrial, and communication industries. NOTE AB (publ) was incorporated in 1999 and is headquartered in Stockholm, Sweden.
How the Company Makes Money

NOTE AB Financial Statement Overview

Summary
NOTE AB presents a strong financial position with impressive profitability and cash flow metrics, despite a slight decline in revenue growth. Its balance sheet remains robust, with a well-managed capital structure. Continued focus on maintaining growth and managing leverage will be key to sustaining financial health.
Income Statement
78
Positive
NOTE AB has demonstrated a solid financial performance over the years. The gross profit margin for 2023 was approximately 12.1%, showing efficiency in cost management. The net profit margin improved to around 7.5% in 2023, indicating strong profitability. The revenue growth rate was 15.1% from 2021 to 2022, although it slightly decreased by 8.1% from 2022 to 2023, suggesting potential challenges in sustaining growth. The EBIT margin increased to 9.9% in 2023, reflecting effective operational management.
Balance Sheet
72
Positive
The company's balance sheet portrays a healthy financial standing. The debt-to-equity ratio was approximately 0.54 in 2023, indicating a balanced leverage position. Return on equity was high at 23.0% in 2023, showcasing efficient use of equity to generate profits. The equity ratio stood at 43.3%, suggesting a solid capital structure with a strong equity base. However, the increase in total debt could pose a risk if not managed properly.
Cash Flow
81
Very Positive
NOTE AB has shown robust cash flow management. Free cash flow grew significantly from 2021 to 2022. The operating cash flow to net income ratio improved to 1.07 in 2023, indicating strong cash generation relative to reported profits. The free cash flow to net income ratio also stood at 0.77, exhibiting effective cash conversion. The substantial increase in operating cash flow from prior years underlines a strong cash flow position.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
3.85B3.90B4.24B3.69B2.64B1.87B
Gross Profit
521.00M519.00M513.79M473.17M353.65M224.69M
EBIT
352.00M351.92M420.42M344.68M250.52M149.14M
EBITDA
475.00M474.00M542.00M415.71M309.51M200.08M
Net Income Common Stockholders
249.00M248.00M319.96M254.24M194.06M115.66M
Balance SheetCash, Cash Equivalents and Short-Term Investments
531.00M411.18M169.84M87.66M99.17M67.74M
Total Assets
3.30B3.21B3.22B2.77B2.08B1.11B
Total Debt
634.00M630.00M753.33M553.00M468.98M153.02M
Net Debt
103.00M219.00M583.49M465.35M369.80M85.28M
Total Liabilities
1.65B1.57B1.82B1.67B1.27B541.61M
Stockholders Equity
1.65B1.64B1.40B1.10B800.26M567.63M
Cash FlowFree Cash Flow
651.00M602.00M246.88M2.67M-61.77M171.74M
Operating Cash Flow
695.00M602.00M341.84M49.79M-33.13M188.70M
Investing Cash Flow
-158.00M-137.00M-243.64M-80.96M-108.79M-16.96M
Financing Cash Flow
-275.00M-236.00M-11.84M14.50M168.22M-171.86M

NOTE AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
DENQA
€408.70M18.2715.49%4.38%
62
Neutral
$11.80B10.31-7.45%2.91%7.43%-7.78%
kr3.50B22.8210.90%1.15%
€500.86M15.649.71%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:NQA
NOTE AB
13.89
1.07
8.35%
GB:0GT8
Beijer Electronics Group AB
108.60
-12.18
-10.08%
DE:02H0
Hexatronic Group AB
2.48
-1.56
-38.61%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.