The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

NOTE.ST

Concerning the House

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 company provides contract manufacturing, and after-sales services. It serves its products to security and defence, medtech, greentech, industrial, and communication industries. NOTE AB (publ) was incorporated in 1990 and is headquartered in Stockholm, Sweden.

Sweden · www.note-ems.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$1.00B$980.00M$1.00B$962.00M
Gross profit$133.00M$131.00M$154.00M$129.00M
Operating income$93.00M$101.00M$113.00M$84.00M
Net income$65.00M$76.00M$86.00M$52.00M
Diluted EPS2.272.653.041.83
Free cash flow$190.00M$103.00M$82.00M$61.00M
Quotation

$148.80

-0.40 (-0.3%)

52w hi$203.60
52w lo$141.60
Vol22.56K
As ofAug 13
The Verdict

Hold

Our score +0.26

Short-0.14
Medium+0.45
Long+0.66

computed 2026-08-13

By the Numbers

NOTE AB (publ)

Technology · Electronic Components

Market cap$4.25B
Enterprise value$5.89B
Trailing P/E17.03x
Forward P/E13.36x
EV / EBITDA11.97x
P / S (ttm)1.07x
Profit margin6.3%
Return on equity14.8%
Revenue growth+19.9%
Earnings growth-26.4%
Debt / equity97.60
Risk Metrics
Beta vs SPX0.18
Corr SPX0.08
Annual vol35.7%
Annual ret+9.5%
Sharpe0.27
Max DD-33.0%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.15
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$148.80$150.70$148.10$148.8022.56K
Aug 12$150.00$150.40$148.20$149.2021.73K
Aug 11$147.70$150.50$147.00$148.1035.21K
Aug 10$149.20$150.55$147.50$148.2024.94K
Aug 7$149.80$151.10$148.40$149.2035.54K