In this financial analysis report, analysts Lukas Forsman and Sofia Nordfjell take a closer look at the Swedish contract manufacturer NOTE. The analysts estimate a revenue CAGR of 19.6% between 2021A-2025E as a result of strong underlying market growth. Based on a peer valuation, an EV/EBIT target multiple of 17.9x is justified, resulting in a target share price of SEK 248.4 and a potential upside of 15.3%.
Investment highlights:
- Change in the outsourcing trend drives the revenue growth
- Strong financial position paves the way for increased M&A activity
- NOTE’s greentech segment will experience significant growth
Bolaget är en kontraktstillverkare, nån bild tiltad på greentech eller liknande funkar