NOTE AB Net Assets
NOTE AB net assets. Based on the latest financial reports, NOTE AB (NOTE) has net assets worth Skr1.83 Billion SEK (≈ $197.04 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr4.95 Billion ≈ $532.81 Million USD) and total liabilities (Skr3.12 Billion ≈ $335.76 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore NOTE shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr1.83 Billion |
| % of Total Assets | 36.98% |
| Annual Growth Rate | 19.32% |
| 5-Year Change | 105.93% |
| 10-Year Change | 418.2% |
| Growth Volatility | 38.0 |
Net Assets of NOTE AB (2000–2025)
Net assets of NOTE AB from 2000 to 2025. This chart illustrates how NOTE AB's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of NOTE AB to measure how much of total assets are equity-financed.
Annual Net Assets for NOTE AB (2000–2025)
The table below shows the annual net assets of NOTE AB from 2000 to 2025. For live market cap and overall valuation, see NOTE AB stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Skr1.65 Billion ≈ $177.35 Million |
+0.58% |
| 2024-12-31 | Skr1.64 Billion ≈ $176.32 Million |
+17.36% |
| 2023-12-31 | Skr1.40 Billion ≈ $150.24 Million |
+27.09% |
| 2022-12-31 | Skr1.10 Billion ≈ $118.21 Million |
+37.27% |
| 2021-12-31 | Skr800.26 Million ≈ $86.12 Million |
+40.98% |
| 2020-12-31 | Skr567.63 Million ≈ $61.09 Million |
+22.01% |
| 2019-12-31 | Skr465.25 Million ≈ $50.07 Million |
+21.28% |
| 2018-12-31 | Skr383.63 Million ≈ $41.28 Million |
+3.90% |
| 2017-12-31 | Skr369.22 Million ≈ $39.73 Million |
+16.10% |
| 2016-12-31 | Skr318.03 Million ≈ $34.22 Million |
+10.76% |
| 2015-12-31 | Skr287.14 Million ≈ $30.90 Million |
+6.29% |
| 2014-12-31 | Skr270.16 Million ≈ $29.07 Million |
+13.45% |
| 2013-12-31 | Skr238.14 Million ≈ $25.63 Million |
-8.58% |
| 2012-12-31 | Skr260.50 Million ≈ $28.03 Million |
+0.41% |
| 2011-12-31 | Skr259.44 Million ≈ $27.92 Million |
+19.55% |
| 2010-12-31 | Skr217.01 Million ≈ $23.35 Million |
+3.37% |
| 2009-12-31 | Skr209.93 Million ≈ $22.59 Million |
-28.82% |
| 2008-12-31 | Skr294.93 Million ≈ $31.74 Million |
-9.92% |
| 2007-12-31 | Skr327.41 Million ≈ $35.23 Million |
+22.11% |
| 2006-12-31 | Skr268.13 Million ≈ $28.86 Million |
+30.73% |
| 2005-12-31 | Skr205.11 Million ≈ $22.07 Million |
-21.94% |
| 2004-12-31 | Skr262.75 Million ≈ $28.28 Million |
+79.07% |
| 2003-12-31 | Skr146.73 Million ≈ $15.79 Million |
+58.62% |
| 2002-12-31 | Skr92.51 Million ≈ $9.96 Million |
+160.49% |
| 2001-12-31 | Skr35.51 Million ≈ $3.82 Million |
+78.14% |
| 2000-12-31 | Skr19.93 Million ≈ $2.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NOTE AB's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 136292100000.0% over the analyzed period, indicating profitable operations and earnings retention.
NOTE AB Net Assets Breakdown (December 2025)
NOTE AB net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr1.36 Billion | 82.70% |
| Common Stock | Skr15.05 Million | 0.91% |
| Other Comprehensive Income | Skr5.84 Million | 0.35% |
| Other Components | Skr264.19 Million | 16.03% |
| Total Equity | Skr1.65 Billion | 100.00% |
NOTE AB Competitors by Market Cap
The table below lists competitors of NOTE AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Brandmax Marketing Co Ltd
SHE:300805
|
$496.87 Million |
|
Temple & Webster Group Ltd
AU:TPW
|
$497.00 Million |
|
Rolex Rings Limited
NSE:ROLEXRINGS
|
$497.03 Million |
|
Sichuan Xichang Electric Power Co Ltd
SHG:600505
|
$497.20 Million |
|
Guangdong Great River Smarter Logistics Co Ltd Class A
SHE:002930
|
$496.62 Million |
|
Seobu T&D Co. Ltd
KQ:006730
|
$496.62 Million |
|
Guangdong Piano Customized Furniture Co Ltd
SHE:002853
|
$496.52 Million |
|
Kenda Rubber Industrial Co Ltd
TW:2106
|
$496.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NOTE AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,638,426,000 to 1,648,000,000, a change of 9,574,000 (0.6%).
- Net income of 281,000,000 contributed positively to equity growth.
- Dividend payments of 199,385,000 reduced retained earnings.
- Share repurchases of 269,000 reduced equity.
- Other comprehensive income decreased equity by 84,974,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr281.00 Million | +17.05% |
| Dividends Paid | Skr199.38 Million | -12.1% |
| Share Repurchases | Skr269.00K | -0.02% |
| Other Comprehensive Income | Skr-84.97 Million | -5.16% |
| Other Changes | Skr13.47 Million | +0.82% |
| Total Change | Skr- | 0.58% |
Book Value vs Market Value Analysis
This analysis compares NOTE AB's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 18.98x to 2.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | Skr8.52 | Skr161.70 | x |
| 2004-12-31 | Skr13.91 | Skr161.70 | x |
| 2005-12-31 | Skr10.21 | Skr161.70 | x |
| 2006-12-31 | Skr13.34 | Skr161.70 | x |
| 2007-12-31 | Skr16.29 | Skr161.70 | x |
| 2008-12-31 | Skr14.68 | Skr161.70 | x |
| 2009-12-31 | Skr13.33 | Skr161.70 | x |
| 2010-12-31 | Skr8.92 | Skr161.70 | x |
| 2011-12-31 | Skr8.99 | Skr161.70 | x |
| 2012-12-31 | Skr9.02 | Skr161.70 | x |
| 2013-12-31 | Skr8.25 | Skr161.70 | x |
| 2014-12-31 | Skr9.36 | Skr161.70 | x |
| 2015-12-31 | Skr9.95 | Skr161.70 | x |
| 2016-12-31 | Skr11.01 | Skr161.70 | x |
| 2017-12-31 | Skr12.66 | Skr161.70 | x |
| 2018-12-31 | Skr13.29 | Skr161.70 | x |
| 2019-12-31 | Skr16.06 | Skr161.70 | x |
| 2020-12-31 | Skr19.88 | Skr161.70 | x |
| 2021-12-31 | Skr27.73 | Skr161.70 | x |
| 2022-12-31 | Skr37.90 | Skr161.70 | x |
| 2023-12-31 | Skr48.17 | Skr161.70 | x |
| 2024-12-31 | Skr56.85 | Skr161.70 | x |
| 2025-12-31 | Skr57.73 | Skr161.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NOTE AB utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.37%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 2.08x
- Recent ROE (17.05%) is above the historical average (12.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 29.18% | 1.66% | 1.88x | 9.35x | Skr3.82 Million |
| 2001 | 43.85% | 3.03% | 2.14x | 6.76x | Skr12.02 Million |
| 2002 | 23.27% | 3.35% | 1.44x | 4.82x | Skr12.18 Million |
| 2003 | 30.39% | 5.13% | 1.30x | 4.57x | Skr29.59 Million |
| 2004 | 4.04% | 0.95% | 1.50x | 2.81x | Skr-15.54 Million |
| 2005 | -27.14% | -3.70% | 1.85x | 3.96x | Skr-76.19 Million |
| 2006 | 25.59% | 3.94% | 1.96x | 3.31x | Skr41.80 Million |
| 2007 | 23.90% | 4.49% | 1.84x | 2.90x | Skr45.50 Million |
| 2008 | 4.45% | 0.77% | 1.80x | 3.22x | Skr-16.36 Million |
| 2009 | -38.59% | -6.75% | 1.59x | 3.59x | Skr-102.01 Million |
| 2010 | -28.55% | -5.12% | 1.75x | 3.20x | Skr-83.66 Million |
| 2011 | 15.18% | 3.26% | 1.91x | 2.44x | Skr13.45 Million |
| 2012 | 4.84% | 1.23% | 1.79x | 2.21x | Skr-13.43 Million |
| 2013 | 0.27% | 0.07% | 1.68x | 2.27x | Skr-23.16 Million |
| 2014 | 9.10% | 2.55% | 1.57x | 2.27x | Skr-2.43 Million |
| 2015 | 12.06% | 3.09% | 1.69x | 2.31x | Skr5.92 Million |
| 2016 | 14.22% | 4.12% | 1.58x | 2.18x | Skr13.42 Million |
| 2017 | 19.54% | 6.14% | 1.56x | 2.05x | Skr35.21 Million |
| 2018 | 16.75% | 4.66% | 1.43x | 2.52x | Skr25.88 Million |
| 2019 | 19.83% | 5.24% | 1.56x | 2.43x | Skr45.75 Million |
| 2020 | 20.38% | 6.17% | 1.69x | 1.95x | Skr58.90 Million |
| 2021 | 24.25% | 7.34% | 1.22x | 2.70x | Skr114.04 Million |
| 2022 | 23.14% | 6.90% | 1.33x | 2.52x | Skr144.39 Million |
| 2023 | 22.92% | 7.54% | 1.32x | 2.31x | Skr180.34 Million |
| 2024 | 15.14% | 6.36% | 1.22x | 1.96x | Skr84.19 Million |
| 2025 | 17.05% | 7.37% | 1.11x | 2.08x | Skr116.20 Million |
Industry Comparison
This section compares NOTE AB's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $296,335,931
- Average return on equity (ROE) among peers: -54.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NOTE AB (NOTE) | Skr1.83 Billion | 29.18% | 1.70x | $496.79 Million |
| Acconeer AB (ACCON) | $120.18 Million | -57.03% | 0.08x | $85.71 Million |
| Acuvi AB (ACUVI) | $339.73 Million | -28.38% | 0.46x | $22.40 Million |
| Hanza AB (HANZA) | $1.34 Billion | 15.91% | 1.18x | $1.10 Billion |
| Inission AB (publ) (INISS-B) | $111.07 Million | 27.02% | 3.34x | $158.58 Million |
| JonDeTech Sensors (JDT) | $2.90 Million | -343.56% | 0.52x | $693.02K |
| NCAB Group (NCAB) | $106.38 Million | 37.89% | 4.21x | $1.70 Billion |
| Unibap AB (UNIBAP) | $49.09 Million | -31.61% | 0.15x | $10.76 Million |
About NOTE AB
NOTE AB (publ), together with its subsidiaries, provides electronics manufacturing services in Western Europe and internationally. The company offers manufacturing engineering services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and serial production. It also produces PCBAs, subassemblies, and box build products. In addition, the com… Read more