NOTE AB (NOTE) - Net Assets

Latest as of December 2025: Skr1.65 Billion SEK ≈ $177.35 Million USD

Based on the latest financial reports, NOTE AB (NOTE) has net assets worth Skr1.65 Billion SEK (≈ $177.35 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr3.43 Billion ≈ $369.55 Million USD) and total liabilities (Skr1.79 Billion ≈ $192.20 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. Check financial resilience of NOTE AB to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Skr1.65 Billion
% of Total Assets 47.99%
Annual Growth Rate 19.32%
5-Year Change 105.93%
10-Year Change 418.2%
Growth Volatility 38.0

NOTE AB - Net Assets Trend (2000–2025)

This chart illustrates how NOTE AB's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of NOTE AB for the complete picture of this company's asset base.

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 valuation and market cap data, see NOTE AB market capitalisation.

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		 --

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.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings Skr1.36 Billion 82.70%
Other Components Skr285.08 Million 17.30%
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
Dutch Lady Milk Industries Bhd
KLSE:3026
 $524.15 Million
Indonesian Paradise Property
JK:INPP
 $524.18 Million
Ambiq Micro, Inc.
NYSE:AMBQ
 $524.36 Million
Duniec
TA:DUNI
 $524.38 Million
Liaoning Shenhua Holdings Co Ltd
SHG:600653
 $524.06 Million
Zhejiang Jinlihua Electric Co
SHE:300069
 $523.90 Million
Shandong Homey Aquatic Development Co Ltd
SHG:600467
 $523.78 Million
IDI S.C.A.
PA:IDIP
 $523.70 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.
  • Other comprehensive income decreased equity by 90,818,000.
  • Other factors increased equity by 19,046,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Skr281.00 Million +17.05%
Dividends Paid Skr199.38 Million -12.1%
Other Comprehensive Income Skr-90.82 Million -5.51%
Other Changes Skr19.05 Million +1.16%
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: 2.96x
  • 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 20.02x to 2.96x 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 Skr170.60 x
2004-12-31 Skr13.91 Skr170.60 x
2005-12-31 Skr10.21 Skr170.60 x
2006-12-31 Skr13.34 Skr170.60 x
2007-12-31 Skr16.29 Skr170.60 x
2008-12-31 Skr14.68 Skr170.60 x
2009-12-31 Skr13.33 Skr170.60 x
2010-12-31 Skr8.92 Skr170.60 x
2011-12-31 Skr8.99 Skr170.60 x
2012-12-31 Skr9.02 Skr170.60 x
2013-12-31 Skr8.25 Skr170.60 x
2014-12-31 Skr9.36 Skr170.60 x
2015-12-31 Skr9.95 Skr170.60 x
2016-12-31 Skr11.01 Skr170.60 x
2017-12-31 Skr12.66 Skr170.60 x
2018-12-31 Skr13.29 Skr170.60 x
2019-12-31 Skr16.06 Skr170.60 x
2020-12-31 Skr19.88 Skr170.60 x
2021-12-31 Skr27.73 Skr170.60 x
2022-12-31 Skr37.90 Skr170.60 x
2023-12-31 Skr48.17 Skr170.60 x
2024-12-31 Skr56.85 Skr170.60 x
2025-12-31 Skr57.73 Skr170.60 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% 1.27x 2.59x 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: $190,034,889
  • Average return on equity (ROE) among peers: -68.60%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
NOTE AB (NOTE) Skr1.65 Billion 29.18% 1.08x $524.13 Million
Acconeer AB (ACCON) $2.83 Million -47.18% 0.24x $114.55 Million
Acuvi AB (ACUVI) $339.73 Million -28.38% 0.46x $43.07 Million
Hanza AB (HANZA) $497.70 Million 4.74% 2.06x $922.81 Million
JonDeTech Sensors (JDT) $2.90 Million -343.56% 0.52x $2.69 Million
NCAB Group (NCAB) $296.59 Million 35.22% 1.44x $1.45 Billion
Unibap AB (UNIBAP) $453.00K -32.45% 6.94x $8.76 Million

About NOTE AB

ST:NOTE Sweden Electronic Components
Market Cap
$524.13 Million
Skr4.87 Billion SEK
Market Cap Rank
#12301 Global
#185 in Sweden
Share Price
Skr170.60
Change (1 day)
-0.99%
52-Week Range
Skr150.20 - Skr203.60
All Time High
Skr252.20
Categories
Companies in Sweden Electronic Components Technology AI & Machine Learning
About

NOTE AB (publ), together with its subsidiaries, provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally. The company offers production technology services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and serial production. It also produces PCBAs, subassemblies, … Read more