NOTE AB (publ) (NOTE.ST)

Sweden · Technology · SEK

Key financials

ROE: 17.14%; 2025 (actual)
ROA: 8.48%; 2025 (actual)
Gross Margin: 13.88%; 2025 (actual)
Net Margin: 7.39%; 2025 (actual)
Total Assets: SEK 3,435.64M; 2025 (actual)
Net Income: SEK 281.74M; 2025 (actual)
Valuation: SEK 5,190.14M; 2025 (actual)
Stock Price: SEK 181.80; 2025 (actual)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026	2027	2028	2029	2030
ROE	17.14%	15.31%	14.54%	12.95%	12.31%	11.73%
Sector average	-58.36%	-15.56%	-22.82%	-60.33%	-5.4%	2.8%
ROA	8.48%	7.64%	7.74%	7.24%	7.15%	7.04%
Sector average	-15.66%	-18.37%	-24.33%	-31.23%	-25.08%	-4.52%
Gross Margin	13.88%	13.88%	13.88%	13.88%

Amounts in SEK (millions); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2025. Projections are model estimates, not investment advice.

Want the full financial forecast report for NOTE AB (publ)? It covers the balance sheet, income statement and Equlion model projections.

Total Assets	SEK 3,435.64M	SEK 3,723.36M	SEK 4,062.11M	SEK 4,437.37M	SEK 4,847.09M	SEK 5,283.62M
Sector average	SEK 5,572.97M	SEK 5,604.62M	SEK 5,869.47M	SEK 6,223.42M	SEK 6,660.20M	SEK 7,120.78M

Net Income	SEK 281.74M	SEK 273.31M	SEK 301.35M	SEK 307.85M	SEK 331.93M	SEK 356.58M
Sector average	SEK 244.68M	SEK 138.62M	SEK 145.24M	SEK 127.40M	SEK 140.34M	SEK 153.58M

Valuation	SEK 5,190.14M	SEK 5,288.66M	SEK 5,385.78M	SEK 5,487.75M	SEK 5,589.91M	SEK 5,692.36M
Sector average	SEK 4,387.44M	SEK 7,905.36M	SEK 7,988.29M	SEK 8,153.90M	SEK 8,320.63M	SEK 8,510.21M

Stock Price	SEK 181.80	SEK 185.25	SEK 188.65	SEK 192.22	SEK 195.80	SEK 199.39
Sector average	SEK 52.73	SEK 38.22	SEK 38.34	SEK 39.63	SEK 40.67	SEK 41.72