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Nolato AB (NOLA-B) Fair Value & Analysis

Healthcare · SE · Market cap 13.1B SEK (≈ $1.4B) · ISIN SE0015962477

What is Nolato AB really worth?

NA Nolato AB NOLA-B · ST
Pricekr 53.00
Fair Valuekr 54.63
Upside+3.1%
Quality63/100

A solid business, currently priced close to our fair value of kr 54.63.

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Strengths

Low debt · generates free cash flow
Ranks above peers (11/15)

Risks

!Weak Growth (revenue 5y +0.2 %/yr)
!Thin margins · 8.1% net margin
!Moderate moat 50/100

For context

·3.21% dividend yield
Evidence: High Range kr 40.97 – kr 68.29

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price +7.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

kr 103.23 kr 37.27 Fair Value kr 54.63 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 37.27 – kr 103.23 · fair‑value band kr 40.97 – kr 68.29 · the kr 53.00 price screens below the kr 54.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Nolato AB (NOLA-B) currently trades at kr 53.00, while our model-based Fair Value estimate is kr 54.63, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of kr 59.49 per share, and 16 of the 26 models we run sit above the kr 53.00 price. Bear case: the Asset-Based group reads lowest at kr 15.33, and 10 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Nolato AB generated revenue of 9.4B SEK at a net margin of 8.1%. Revenue declined 3.9% year over year. It earns a return on equity of 13.3%. Net debt stands at 972M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 40.97 (bear case) to kr 68.29 (bull case); at kr 53.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −34% fair-value upside, at 3%, NOLA-B screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 0.7542 per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence kr 46.44 kr 70.20 kr 105.14 80
Growth DCF kr 47.59 kr 69.18 kr 99.31 78
Owner Earnings kr 45.17 kr 68.30 kr 102.32 76
All 26 models by family
DCF Models
FCF DCF best evidence kr 46.44 kr 70.20 kr 105.14 80
Owner Earnings kr 45.17 kr 68.30 kr 102.32 76
5Y Revenue Exit kr 37.78 kr 57.82 kr 82.66 72
5Y EBITDA Exit kr 42.61 kr 66.60 kr 93.73 75
5Y P/E Exit kr 38.70 kr 59.49 kr 80.52 71
10Y Revenue Exit kr 39.44 kr 58.19 kr 81.90 67
10Y EBITDA Exit kr 43.57 kr 64.20 kr 90.14 68
10Y P/E Exit kr 41.10 kr 59.33 kr 80.31 64
Earnings-Based
Graham-Dodd kr 21.85 kr 58.76 kr 76.92 65
Lynch FV kr 11.47 kr 16.39 kr 21.31 61
PEG = 1.0 kr 11.47 kr 16.39 kr 21.31 57
EPV kr 28.61 kr 33.67 kr 38.09 74
Dividend Discount
Gordon GGM kr 15.34 kr 31.90 kr 50.60 66
DDM Multi-Stage kr 15.34 kr 23.87 kr 32.96 66
Multiples
P/E Multiple kr 40.97 kr 54.63 kr 68.29 63
P/S Multiple kr 40.97 kr 54.63 kr 68.29 58
P/B Multiple kr 40.97 kr 54.63 kr 68.29 55
EV/EBIT kr 40.67 kr 54.80 kr 68.92 66
EV/EBITDA kr 46.15 kr 62.10 kr 78.05 67
EV/Revenue kr 35.02 kr 50.76 kr 66.50 53
Asset-Based
NCAV (Graham) kr 11.44 kr 15.33 kr 22.88 54
Growth DCF
Growth DCF kr 47.59 kr 69.18 kr 99.31 78
Rev-Margin DCF kr 37.78 kr 58.27 kr 81.06 73
Economic Profit
Residual Income kr 22.36 kr 27.68 kr 58.51 71
ROIC Compounder kr 29.65 kr 37.49 kr 46.81 72
Growth Earnings
Growth-Adj P/E kr 32.94 kr 47.06 kr 61.18 67

Widest divergence: DCF Models (kr 59.49) versus Asset-Based (kr 15.33). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 17.2 as of Jun 8, 2026
P/S ratio 1.41 P/E × margin
EPS (TTM) kr 2.81 price ÷ EPS = P/E 17.2
Dividend yield 3.2% payout 60.5%
Net margin 8.2% FY2025
Return on equity 13.3% TTM
More key figures
Profitability
Return on assets (EBIT) 9.8% avg 5y
Operating margin 10.6% TTM
Growth
Revenue (TTM) 9.4B SEK TTM
Revenue growth (YoY) −3.9% 3y avg −4.2%
EPS growth (YoY) −9.3%
Balance sheet & cash flow
Free cash flow 1.1B SEK FY2025
Net debt 972M SEK FY2025 · ≈ 0.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 51

Profitability 52
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Nolato AB (publ) develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally. It operates through the Medical Solutions and Engineered Solutions segments.

Full company description

Nolato AB (publ) develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally. It operates through the Medical Solutions and Engineered Solutions segments. The company offers catheter balloons; breathing bags; non-conductive sealing and damping silicone products; primary plastic packaging for medicines; and crimp and dropper bottles. It also provides thermal heating pads, gap fillers, and paste under the Compatherm brand; Autolys M products, deep well plates, microtubes, PCR/qPCR products, pipettes and slim-line pipette tips, vial HP, and quality grades under the TreffLab by Nolato; and electromagnetic compatibility (EMC) products, including Compashield molded and extruded electromagnetic interference (EMI) shielding gaskets, Trishield, and MIL SPEC EMI shielding products. In addition, the company offers laboratory products, such as boxes with integrated lids; containers with hinged lids; sampling and transport tubes; spoons and cups; disposable tubes and containers; test tubes and ergonomic caps; and containers, vials, and slide tubes with push on lids. Further, it provides injection molding of plastic and silicone, injection blow molding, scientific and ceramic injection molding, dip and compression molding, and micro molding; extrusion and silicone sponge extrusion technologies; thermal management; decoration and cutting technologies; cleanroom production; assembly solutions; design and virtual prototyping solutions; and tool manufacturing. It serves medical technology, pharmaceutical, consumer electronics, telecom, automotive, hygiene, and other industrial sectors. The company was formerly known as Nordiska Latexfabriken i Torekov AB and changed its name to Nolato AB (publ) in 1982. Nolato AB (publ) was founded in 1938 and is headquartered in Torekov, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nolato AB reported revenue of 9.5B SEK in FY2025 versus 11.6B SEK in FY2021, a compound −5.0%/yr. Reported net income was 777M SEK in FY2025, compounding −9.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.5B SEK
Latest YoY
−2.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.2%
Avg. revenue growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+2.3% · in SEK
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−0.9%
Dividend yield3.2%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −0.9% vs 10Y 7.6%, flattening
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11.2% (2020) → 10.3% (2025) · steady
Worst earnings drop63% (2023) · in SEK
Revenue −5.0%/yr
FY21 11.6B SEK
FY22 10.8B SEK
FY23 9.5B SEK
FY24 9.7B SEK
FY25 9.5B SEK
Net income −9.5%/yr
FY21 1.2B SEK
FY22 697M SEK
FY23 435M SEK
FY24 658M SEK
FY25 777M SEK
Character of growth · EPS growth decomposed (2014-2025) +5.6 % p.a.
Revenue per share +8.5 %

of which total revenue +8.8 % · buybacks/dilution −0.3 %

EBIT margin −2.2 %
Tax rate −0.1 %
Residual (interest, one-offs) −0.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Nolato AB Fair Value". https://www.fairvalue-calculator.com/stock/NOLA-B

Peer Group

Medical Devices · 352 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +3% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth −4% · Below median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 2.37× · Pricier than median
P/S (TTM) 1.40× · Cheaper than median
P/FCF 1.3× · Cheaper than 75% of peers
EV/EBITDA 8.9× · Cheaper than 75% of peers
PEG 3.79× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE37 · sector 0
FUTURE0 · sector 32
PAST53 · sector 5
HEALTH92 · sector 97
DIVIDEND64 · sector 35

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $112.47 $74.79 −34%
Stryker Corporation SYK $322.12 $186.28 −42%
Medtronic plc MDT $89.97 $65.57 −27%
Boston Scientific Corporation BSX $46.84 $30.73 −34%
Edwards Lifesciences Corporation EW $89.78 $41.02 −54%
Siemens Healthineers AG SHL €39.52 €33.87 −14%
DexCom, Inc DXCM $90.82 $38.95 −57%
GE HealthCare Technologies Inc GEHC $74.82 $64.13 −14%
Koninklijke Philips N.V PHIA €23.69 €14.36 −39%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥150.63 ¥147.63 −2%

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Frequently asked questions

Is Nolato AB (NOLA-B) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 54.63 versus a price of kr 53.00, about +3% upside (fairly valued).
What is the fair value of NOLA-B?
Our model-based fair value for Nolato AB is kr 54.63 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 53.00.
What is the quality score of NOLA-B?
Nolato AB has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nolato AB (NOLA-B)?
Nolato AB reported trailing-twelve-month revenue of about 9.4B SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of NOLA-B?
The net profit margin of Nolato AB is about 8.1%, meaning it keeps roughly 8.1% of revenue as net income. Based on the latest reported figures.
Does Nolato AB pay a dividend?
Nolato AB currently shows a dividend yield of about 3.21% relative to its recent price (as of Aug 13, 2026).
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