Press the button and be introduced to a new random company!

Introduce me >

Social media

facebook   Follow us on Twitter

Coverage

Nolato

Nolato

Send subscription Close

Nolato develops and manufactures products in polymer materials such as plastic, silicone and TPE for leading customers within medical technology, pharmaceuticals, consumer electronics, telecom, automotive and other selected industrial sectors. Over the years Nolato has strengthened its strategic move from being a manufacturer of components to customer specification to being a solutions-oriented advanced partner for its customers.

Sustainability information

Attracting new customers in growth areas as seen in VHP (Vaporiser Heating Products). As customers’ volume prospers so does Nolato’s. Owing to its wide-ranging expertise across different areas of technology, many industries and niches are potential customers. Also, value-added acquisitions are opportunities on the back of a very solid balance sheet and high cash conversion.

Financials

SEKm 2025 2026e 2027e
Sales 9462 9837,52 10716,23
Sales growth (%) -2,1 4 8,9
EBITDA 1620 1663 1862
EBITDA margin (%) 17,1 16,9 17,4
EBIT adj. 1017 1045 1222
EBIT adj. margin (%) 10,7 10,6 11,4
Pretax profit 983 991 1182
EPS 2,88 2,91 3,48
EPS growth (%) 18,1 0,9 19,7
EPS adj. 2,98 3,04 3,61
DPS N/A N/A N/A
Dividend per share 1,7 1,8 2,1
EV/EBITDA (x) 9,2 9 7,8
EV/EBIT adj. (x) 14,7 14,3 12
P/E (x) 17,75 17,6 14,7
P/E adj. (x) 17,2 16,9 14,2
EV/sales (x) 1,58 1,51 1,36
FCF yield (%) 2 3,8 5,6
Le. adj. FCF yld. (%) 2 3,8 5,6
Dividend yield (%) 3,3 3,5 4,1
Net IB debt/EBITDA (x) 0,7 0,7 0,4
Le. adj. ND/EBITDA (x) 0,6 0,6 0,3
SEKm 2025 2026e 2027e
Sales 9462 9837,52 10716,23
COGS -7732 -8094 -8775
Gross profit 1730 1743 1941
Other operating items -110 -80 -79
EBITDA 1620 1663 1862
Depreciation and amortisation -555 -575 -596
of which leasing depreciation N/A N/A N/A
Depreciation on leased assets -76 -76 -76
EBITA 1065 1088,08 1265,92
EO Items N/A N/A N/A
Operating EO items 7 0 0
Impairment and PPA amortisation N/A N/A N/A
Impairment and amortisation charges -41 -43 -44
EBIT 1024 1045,08 1221,92
Net financial items -41 -54 -40
Pretax profit 983 991 1182
Tax -206 -207 -243
Net profit 777 784 938
Minority interest 0 0 0
Net profit discontinued 0 0 0
Net profit to shareholders 777 784 938
EPS 2,88 2,91 3,48
EPS adj. 2,98 3,04 3,61
Total extraordinary items after tax 6 0 0
Leasing payments -76 -76 -76
Tax rate (%) 21 20,9 20,6
Gross margin (%) 18,3 17,7 18,1
EBITDA margin (%) 17,1 16,9 17,4
EBITA margin (%) 11,3 11,1 11,8
EBIT margin (%) 10,8 10,6 11,4
Pre-tax margin (%) 10,4 10,1 11
Net margin (%) 8,2 8 8,8
Sales growth (%) -2,1 4 8,9
EBITDA growth (%) 7,4 2,7 12
EBITA growth (%) 11,1 2,2 16,3
EBIT growth (%) 12,2 2,1 16,9
Net profit growth (%) 18,1 0,9 19,7
EPS growth (%) 18,1 0,9 19,7
Profitability N/A N/A N/A
Year N/A N/A N/A
ROE (%) 13,8 13,8 15,4
ROE adj. (%) 14,4 14,5 16,1
ROCE (%) 13,9 14,3 15,9
ROCE adj. (%) 14,4 14,9 16,5
ROIC (%) 12,4 12,6 14,3
ROIC adj. (%) 12,4 12,6 14,3
Adj. earnings numbers N/A N/A N/A
EBITDA adj. 1613 1663 1862
EBITDA adj. margin (%) 17 16,9 17,4
EBITDA lease adj. 1537 1587 1786
EBITDA lease adj. margin (%) 16,2 16,1 16,7
EBITA adj. 1058 1088 1266
EBITA adj. margin (%) 11,2 11,1 11,8
EBIT adj. 1017 1045 1222
EBIT adj. margin (%) 10,7 10,6 11,4
Pretax profit Adj. 1017 1034 1226
Net profit Adj. 812 827 982
Net profit to shareholders adj. 812 827 982
Net adj. margin (%) 8,6 8,4 9,2
SEKm 2025 2026e 2027e
EBITDA 1620 1663 1862
Goodwill 2172 2172 2172
Net financial items -41 -54 -40
Other intangible assets 0 0 0
Paid tax -220 -207 -243
Tangible fixed assets 3152 3330 3348
Non-cash items -43 -59 0
Right-of-use asset 209 166 122
Cash flow before change in WC 1316 1343 1578
Total other fixed assets N/A N/A N/A
Other Fixed Assets All 25 25 25
Change in working capital -254 -129 -190
Fixed assets 5558 5693 5667
Operating cash flow 1062 1214 1389
Inventories 1086 1102 1200
Capex tangible fixed assets -783 -694 -614
Receivables 1600 1672 1768
Capex intangible fixed assets -5 0 0
Other current assets 556 590 643
Acquisitions and Disposals 0 0 0
Cash and liquid assets 482 482 772
Free cash flow 274 520 775
Total assets 9282 9539 10050
Dividend paid -404 -458 -485
Shareholders equity 5532 5858 6311
Share issues and buybacks 0 0 0
Minority N/A N/A N/A
Leasing liability amortisation 0 0 0
Total equity 5532 5858 6311
Other non-cash items N/A N/A N/A
Other changes in net debt 38 0 0
Long-term debt 897 835 835
Pension debt 190 190 190
Convertible debt N/A N/A N/A
Leasing liability 216 216 216
Total other long-term liabilities 335 335 335
Short-term debt 346 346 346
Accounts payable 646 639 697
Other current liabilities 1120 1120 1120
Total liabilities and equity 9282 9539 10050
Net IB debt 1167 1105 815
Net IB debt excl. pension debt 977 915 625
Net IB debt excl. leasing 951 889 599
Capital employed 7181 7445 7898
Capital invested 6699 6963 7127
Working capital 1476 1605 1795
Market cap. diluted (m) 13792 13792 13792
Net IB debt adj. 1167 1105 815
Market value of minority 0 0 0
Reversal of shares and participations 0 0 0
Reversal of conv. debt assumed equity N/A N/A N/A
EV 14959 14898 14607
Total assets turnover (%) 99,8 104,5 109,4
Working capital/sales (%) 14,6 15,7 15,9
Financial risk and debt service N/A N/A N/A
Year N/A N/A N/A
Net debt/equity (%) 21,1 18,9 12,9
Net debt / market cap (%) 8,5 8 5,9
Equity ratio (%) 59,6 61,4 62,8
Net IB debt adj. / equity (%) 21,1 18,9 12,9
Current ratio 1,76 1,83 2,03
EBITDA/net interest 39,5 30,8 46,5
Net IB debt/EBITDA (x) 0,7 0,7 0,4
Net IB debt/EBITDA lease adj. (x) 0,6 0,6 0,3
Interest coverage 26 20,1 31,6
SEKm 2025 2026e 2027e
Shares outstanding adj. 269 269 269
Diluted shares adj. 269 269 269
EPS 2,88 2,91 3,48
Dividend per share 1,7 1,8 2,1
EPS adj. 2,98 3,04 3,61
BVPS 20,54 21,75 23,43
BVPS adj. 12,47 13,68 15,37
Net IB debt/share 4,33 4,1 3,03
Share price 51,2 51,2 51,2
Market cap. (m) 13792 13792 13792
P/E (x) 17,75 17,6 14,7
EV/sales (x) 1,58 1,51 1,36
EV/EBITDA (x) 9,2 9 7,8
EV/EBITA (x) 14 13,7 11,5
EV/EBIT (x) 14,6 14,3 12
Dividend yield (%) 3,3 3,5 4,1
FCF yield (%) 2 3,8 5,6
Le. adj. FCF yld. (%) 2 3,8 5,6
P/BVPS (x) 2,49 2,35 2,19
P/BVPS adj. (x) 4,1 3,74 3,33
P/E adj. (x) 17,2 16,9 14,2
EV/EBITDA adj. (x) 9,3 9 7,8
EV/EBITA adj. (x) 14,1 13,7 11,5
EV/EBIT adj. (x) 14,7 14,3 12
EV/CE (x) 2,1 2 1,8
Investment ratios N/A N/A N/A
Year N/A N/A N/A
Capex/sales (%) -8,3 -7,1 -5,7
Capex/depreciation 1,6 1,4 1,2
Capex tangibles / tangible fixed assets 24,8 20,8 18,3
Capex intangibles / definite intangibles N/A N/A N/A
Depreciation on intang / def. intang N/A N/A N/A
Depreciation on tangibles / tangibles 15,2 14,98 15,53

Equity research

Read earlier research

Media

Nolato - Company presentation with CEO Christer Wahlquist and CFO Per-Ola Holmström
Nolato - Intervju med VD Christer Wahlquist (Q1 2017)

View more media

Main shareholders - Nolato

Main shareholders Share capital % Voting shares % Verified
Lovisa Hamrin (Herenco) 4.7 % 16.7 % 16 Jun 2026
Gun Boström 3.2 % 8.9 % 27 May 2026
Lena Boström 2.2 % 8.4 % 27 May 2026
Nordea Funds 11.6 % 6.0 % 27 May 2026
Handelsbanken Fonder 7.1 % 3.7 % 31 May 2026
Fjärde AP-fonden 5.0 % 2.6 % 18 Jun 2026
Carl-Olof och Jenz Hamrins Stiftelse 4.9 % 2.5 % 27 May 2026
Vanguard 2.9 % 1.5 % 31 May 2026
Carnegie Fonder 2.5 % 1.3 % 31 May 2026
Tredje AP-fonden 2.1 % 1.1 % 27 May 2026
Source: Holdings by Modular Finance AB