FISCALNOTE HOLDINGS INC (NOTE) Fundamental Analysis & Valuation

NYSE:NOTE • US3376553026

Current stock price

0.979 USD
-0.01 (-1.11%)
Last:

This NOTE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. NOTE Profitability Analysis

1.1 Basic Checks

  • NOTE had negative earnings in the past year.
  • In the past year NOTE has reported a negative cash flow from operations.
  • In the past 5 years NOTE reported 4 times negative net income.
  • In the past 5 years NOTE always reported negative operating cash flow.
NOTE Yearly Net Income VS EBIT VS OCF VS FCFNOTE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -100M -200M -300M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -20.36%, NOTE is doing worse than 81.61% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -73.85%, NOTE is doing worse than 85.06% of the companies in the same industry.
Industry RankSector Rank
ROA -20.36%
ROE -73.85%
ROIC N/A
ROA(3y)-28.25%
ROA(5y)-39.12%
ROE(3y)-141.72%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NOTE Yearly ROA, ROE, ROICNOTE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 500 -500 -1K

1.3 Margins

  • NOTE has a Gross Margin of 87.25%. This is amongst the best in the industry. NOTE outperforms 96.55% of its industry peers.
  • In the last couple of years the Gross Margin of NOTE has grown nicely.
  • The Profit Margin and Operating Margin are not available for NOTE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 87.25%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.09%
GM growth 5YN/A
NOTE Yearly Profit, Operating, Gross MarginsNOTE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -100 -200 -300

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1

2. NOTE Health Analysis

2.1 Basic Checks

  • NOTE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • NOTE has more shares outstanding than it did 1 year ago.
  • NOTE has a better debt/assets ratio than last year.
NOTE Yearly Shares OutstandingNOTE Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 5M 10M 15M 20M
NOTE Yearly Total Debt VS Total AssetsNOTE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • Based on the Altman-Z score of -4.36, we must say that NOTE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of NOTE (-4.36) is worse than 87.36% of its industry peers.
  • NOTE has a Debt/Equity ratio of 1.66. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.66, NOTE is not doing good in the industry: 79.31% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.66
Debt/FCF N/A
Altman-Z -4.36
ROIC/WACCN/A
WACC7.04%
NOTE Yearly LT Debt VS Equity VS FCFNOTE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.01 indicates that NOTE should not have too much problems paying its short term obligations.
  • NOTE has a Current ratio of 1.01. This is in the lower half of the industry: NOTE underperforms 77.01% of its industry peers.
  • A Quick Ratio of 1.01 indicates that NOTE should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.01, NOTE is doing worse than 77.01% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 1.01
NOTE Yearly Current Assets VS Current LiabilitesNOTE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 20M 40M 60M 80M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. NOTE Growth Analysis

3.1 Past

  • The earnings per share for NOTE have decreased strongly by -43.40% in the last year.
  • The Revenue for NOTE has decreased by -17.90% in the past year. This is quite bad
  • NOTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.20% yearly.
EPS 1Y (TTM)-43.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-31.06%
Revenue 1Y (TTM)-17.9%
Revenue growth 3Y13.2%
Revenue growth 5YN/A
Sales Q2Q%-23.81%

3.2 Future

  • Based on estimates for the next years, NOTE will show a very negative growth in Earnings Per Share. The EPS will decrease by -83.07% on average per year.
  • Based on estimates for the next years, NOTE will show a decrease in Revenue. The Revenue will decrease by -5.91% on average per year.
EPS Next Y-696.13%
EPS Next 2Y-83.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-20.13%
Revenue Next 2Y-11.57%
Revenue Next 3Y-5.91%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NOTE Yearly Revenue VS EstimatesNOTE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
NOTE Yearly EPS VS EstimatesNOTE Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 0 -5 -10 -15 -20

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0

4. NOTE Valuation Analysis

4.1 Price/Earnings Ratio

  • NOTE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year NOTE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NOTE Price Earnings VS Forward Price EarningsNOTE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
NOTE Per share dataNOTE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5

4.3 Compensation for Growth

  • NOTE's earnings are expected to decrease with -83.07% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-83.07%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NOTE Dividend Analysis

5.1 Amount

  • No dividends for NOTE!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

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NOTE Fundamentals: All Metrics, Ratios and Statistics

FISCALNOTE HOLDINGS INC

NYSE:NOTE (3/17/2026, 12:36:54 PM)

0.979

-0.01 (-1.11%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)03-11
Earnings (Next)05-11
Inst Owners31.55%
Inst Owner Change11.79%
Ins Owners8.7%
Ins Owner Change-0.22%
Market Cap15.38M
Revenue(TTM)102.67M
Net Income(TTM)-55.76M
Analysts84
Price Target8.41 (759.04%)
Short Float %16.12%
Short Ratio3.81
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-53.95%
Min EPS beat(2)-101.91%
Max EPS beat(2)-5.99%
EPS beat(4)1
Avg EPS beat(4)-7.88%
Min EPS beat(4)-101.91%
Max EPS beat(4)76.93%
EPS beat(8)3
Avg EPS beat(8)18.2%
EPS beat(12)5
Avg EPS beat(12)-3.52%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.54%
Min Revenue beat(2)-2.98%
Max Revenue beat(2)-0.09%
Revenue beat(4)1
Avg Revenue beat(4)-0.35%
Min Revenue beat(4)-2.98%
Max Revenue beat(4)2.07%
Revenue beat(8)2
Avg Revenue beat(8)-0.61%
Revenue beat(12)2
Avg Revenue beat(12)-1.34%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-57.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.36%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.15
P/FCF N/A
P/OCF N/A
P/B 0.2
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-4.13
EYN/A
EPS(NY)-0.81
Fwd EYN/A
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)-0.8
OCFYN/A
SpS6.54
BVpS4.81
TBVpS-8.11
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -20.36%
ROE -73.85%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 87.25%
FCFM N/A
ROA(3y)-28.25%
ROA(5y)-39.12%
ROE(3y)-141.72%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.09%
GM growth 5YN/A
F-Score4
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 1.66
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 41.35%
Cap/Sales 7.37%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.01
Quick Ratio 1.01
Altman-Z -4.36
F-Score4
WACC7.04%
ROIC/WACCN/A
Cap/Depr(3y)42.35%
Cap/Depr(5y)41.75%
Cap/Sales(3y)7.79%
Cap/Sales(5y)7.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-43.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-31.06%
EPS Next Y-696.13%
EPS Next 2Y-83.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-17.9%
Revenue growth 3Y13.2%
Revenue growth 5YN/A
Sales Q2Q%-23.81%
Revenue Next Year-20.13%
Revenue Next 2Y-11.57%
Revenue Next 3Y-5.91%
Revenue Next 5YN/A
EBIT growth 1Y13.1%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year130.18%
EBIT Next 3Y37.97%
EBIT Next 5YN/A
FCF growth 1Y63.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y73.42%
OCF growth 3YN/A
OCF growth 5YN/A

FISCALNOTE HOLDINGS INC / NOTE Fundamental Analysis FAQ

What is the fundamental rating for NOTE stock?

ChartMill assigns a fundamental rating of 1 / 10 to NOTE.


What is the valuation status for NOTE stock?

ChartMill assigns a valuation rating of 0 / 10 to FISCALNOTE HOLDINGS INC (NOTE). This can be considered as Overvalued.


How profitable is FISCALNOTE HOLDINGS INC (NOTE) stock?

FISCALNOTE HOLDINGS INC (NOTE) has a profitability rating of 1 / 10.


How financially healthy is FISCALNOTE HOLDINGS INC?

The financial health rating of FISCALNOTE HOLDINGS INC (NOTE) is 1 / 10.