NOKIA OYJ (1NOKIA.MI) Fundamental Analysis & Valuation
BIT:1NOKIA • FI0009000681
6.826 EUR
+0.12 (+1.76%)
Last: Mar 11, 2026, 07:00 PM
This 1NOKIA.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1NOKIA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 34 industry peers in the Communications Equipment industry. 1NOKIA has only an average score on both its financial health and profitability. 1NOKIA has a decent growth rate and is not valued too expensively.
1. 1NOKIA.MI Profitability Analysis
1.1 Basic Checks
- 1NOKIA had positive earnings in the past year.
- In the past year 1NOKIA had a positive cash flow from operations.
- In the past 5 years 1NOKIA has always been profitable.
- In the past 5 years 1NOKIA always reported a positive cash flow from operatings.
1.2 Ratios
- 1NOKIA's Return On Assets of 1.73% is in line compared to the rest of the industry. 1NOKIA outperforms 55.88% of its industry peers.
- 1NOKIA has a Return On Equity (3.10%) which is comparable to the rest of the industry.
- 1NOKIA has a Return On Invested Capital (2.23%) which is in line with its industry peers.
- 1NOKIA had an Average Return On Invested Capital over the past 3 years of 3.51%. This is significantly below the industry average of 10.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.1% | ||
| ROIC | 2.23% |
ROA(3y)2.22%
ROA(5y)4.12%
ROE(3y)4.17%
ROE(5y)8.36%
ROIC(3y)3.51%
ROIC(5y)4.47%
1.3 Margins
- 1NOKIA has a better Profit Margin (3.27%) than 61.76% of its industry peers.
- In the last couple of years the Profit Margin of 1NOKIA has declined.
- 1NOKIA has a Operating Margin of 4.08%. This is comparable to the rest of the industry: 1NOKIA outperforms 58.82% of its industry peers.
- In the last couple of years the Operating Margin of 1NOKIA has declined.
- With a Gross Margin value of 43.54%, 1NOKIA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- 1NOKIA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.08% | ||
| PM (TTM) | 3.27% | ||
| GM | 43.54% |
OM growth 3Y-23.64%
OM growth 5Y-5.02%
PM growth 3Y-42.32%
PM growth 5YN/A
GM growth 3Y1.99%
GM growth 5Y3.03%
2. 1NOKIA.MI Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1NOKIA is destroying value.
- 1NOKIA has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for 1NOKIA has been reduced compared to 5 years ago.
- Compared to 1 year ago, 1NOKIA has an improved debt to assets ratio.
2.2 Solvency
- 1NOKIA has an Altman-Z score of 2.81. This is not the best score and indicates that 1NOKIA is in the grey zone with still only limited risk for bankruptcy at the moment.
- 1NOKIA has a Altman-Z score (2.81) which is comparable to the rest of the industry.
- 1NOKIA has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as 1NOKIA would need 3.01 years to pay back of all of its debts.
- 1NOKIA has a Debt to FCF ratio of 3.01. This is in the better half of the industry: 1NOKIA outperforms 61.76% of its industry peers.
- A Debt/Equity ratio of 0.15 indicates that 1NOKIA is not too dependend on debt financing.
- 1NOKIA has a Debt to Equity ratio of 0.15. This is in the better half of the industry: 1NOKIA outperforms 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.81 |
ROIC/WACC0.28
WACC8.1%
2.3 Liquidity
- A Current Ratio of 1.58 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.58, 1NOKIA perfoms like the industry average, outperforming 47.06% of the companies in the same industry.
- A Quick Ratio of 1.36 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- 1NOKIA has a better Quick ratio (1.36) than 61.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 |
3. 1NOKIA.MI Growth Analysis
3.1 Past
- 1NOKIA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.64%.
- 1NOKIA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.21% yearly.
- The Revenue has been growing slightly by 2.29% in the past year.
- Measured over the past years, 1NOKIA shows a decrease in Revenue. The Revenue has been decreasing by -1.86% on average per year.
EPS 1Y (TTM)-25.64%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%-11.11%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
3.2 Future
- Based on estimates for the next years, 1NOKIA will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.57% on average per year.
- Based on estimates for the next years, 1NOKIA will show a small growth in Revenue. The Revenue will grow by 2.99% on average per year.
EPS Next Y10.83%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
EPS Next 5Y8.57%
Revenue Next Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.75%
Revenue Next 5Y2.99%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. 1NOKIA.MI Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 23.54, which indicates a rather expensive current valuation of 1NOKIA.
- 1NOKIA's Price/Earnings ratio is a bit cheaper when compared to the industry. 1NOKIA is cheaper than 79.41% of the companies in the same industry.
- 1NOKIA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
- 1NOKIA is valuated rather expensively with a Price/Forward Earnings ratio of 21.24.
- 1NOKIA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. 1NOKIA is cheaper than 67.65% of the companies in the same industry.
- 1NOKIA's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.54 | ||
| Fwd PE | 21.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, 1NOKIA is valued a bit cheaper than the industry average as 70.59% of the companies are valued more expensively.
- 61.76% of the companies in the same industry are more expensive than 1NOKIA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.01 | ||
| EV/EBITDA | 17.84 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- A more expensive valuation may be justified as 1NOKIA's earnings are expected to grow with 12.92% in the coming years.
PEG (NY)2.17
PEG (5Y)10.66
EPS Next 2Y13.25%
EPS Next 3Y12.92%
5. 1NOKIA.MI Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.10%, 1NOKIA has a reasonable but not impressive dividend return.
- 1NOKIA's Dividend Yield is a higher than the industry average which is at 2.36.
- 1NOKIA's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 1NOKIA pays out 116.59% of its income as dividend. This is not a sustainable payout ratio.
DP116.59%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
1NOKIA.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:1NOKIA (3/11/2026, 7:00:00 PM)
6.826
+0.12 (+1.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29 2026-01-29/bmo
Earnings (Next)04-23 2026-04-23
Inst Owners33.81%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap38.11B
Revenue(TTM)19.89B
Net Income(TTM)651.00M
Analysts72.43
Price Target5.88 (-13.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP116.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.86%
Min EPS beat(2)5.01%
Max EPS beat(2)16.71%
EPS beat(4)2
Avg EPS beat(4)-7.56%
Min EPS beat(4)-27.18%
Max EPS beat(4)16.71%
EPS beat(8)5
Avg EPS beat(8)0.08%
EPS beat(12)5
Avg EPS beat(12)-4.59%
EPS beat(16)9
Avg EPS beat(16)-1.48%
Revenue beat(2)1
Avg Revenue beat(2)-0.94%
Min Revenue beat(2)-2.67%
Max Revenue beat(2)0.79%
Revenue beat(4)1
Avg Revenue beat(4)-3.35%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)0.79%
Revenue beat(8)2
Avg Revenue beat(8)-5.29%
Revenue beat(12)2
Avg Revenue beat(12)-6.27%
Revenue beat(16)4
Avg Revenue beat(16)-4.57%
PT rev (1m)0.44%
PT rev (3m)4.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25.17%
EPS NY rev (1m)-3.45%
EPS NY rev (3m)-6.89%
Revenue NQ rev (1m)-0.52%
Revenue NQ rev (3m)-4.87%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.54 | ||
| Fwd PE | 21.24 | ||
| P/S | 1.92 | ||
| P/FCF | 26.01 | ||
| P/OCF | 18.4 | ||
| P/B | 1.82 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | 17.84 |
EPS(TTM)0.29
EY4.25%
EPS(NY)0.32
Fwd EY4.71%
FCF(TTM)0.26
FCFY3.84%
OCF(TTM)0.37
OCFY5.43%
SpS3.56
BVpS3.76
TBVpS2.43
PEG (NY)2.17
PEG (5Y)10.66
Graham Number4.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.1% | ||
| ROCE | 2.94% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.95% | ||
| ROICexgc | 4.58% | ||
| OM | 4.08% | ||
| PM (TTM) | 3.27% | ||
| GM | 43.54% | ||
| FCFM | 7.37% |
ROA(3y)2.22%
ROA(5y)4.12%
ROE(3y)4.17%
ROE(5y)8.36%
ROIC(3y)3.51%
ROIC(5y)4.47%
ROICexc(3y)4.95%
ROICexc(5y)6.48%
ROICexgc(3y)7.49%
ROICexgc(5y)9.95%
ROCE(3y)4.63%
ROCE(5y)5.91%
ROICexgc growth 3Y-28.05%
ROICexgc growth 5Y-13.73%
ROICexc growth 3Y-28.96%
ROICexc growth 5Y-11.41%
OM growth 3Y-23.64%
OM growth 5Y-5.02%
PM growth 3Y-42.32%
PM growth 5YN/A
GM growth 3Y1.99%
GM growth 5Y3.03%
F-Score5
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Debt/EBITDA | 1.62 | ||
| Cap/Depr | 54.16% | ||
| Cap/Sales | 3.05% | ||
| Interest Coverage | 3.83 | ||
| Cash Conversion | 107.25% | ||
| Profit Quality | 225.04% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.81 |
F-Score5
WACC8.1%
ROIC/WACC0.28
Cap/Depr(3y)53.56%
Cap/Depr(5y)52.91%
Cap/Sales(3y)2.86%
Cap/Sales(5y)2.7%
Profit Quality(3y)161.1%
Profit Quality(5y)126.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.64%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%-11.11%
EPS Next Y10.83%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
EPS Next 5Y8.57%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
Revenue Next Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.75%
Revenue Next 5Y2.99%
EBIT growth 1Y-59.94%
EBIT growth 3Y-29.16%
EBIT growth 5Y-6.79%
EBIT Next Year53.65%
EBIT Next 3Y24.04%
EBIT Next 5Y15.29%
FCF growth 1Y-27.51%
FCF growth 3Y18.83%
FCF growth 5Y2.74%
OCF growth 1Y-16.93%
OCF growth 3Y12%
OCF growth 5Y3.32%
NOKIA OYJ / 1NOKIA.MI FAQ
What is the ChartMill fundamental rating of NOKIA OYJ (1NOKIA.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to 1NOKIA.MI.
What is the valuation status for 1NOKIA stock?
ChartMill assigns a valuation rating of 4 / 10 to NOKIA OYJ (1NOKIA.MI). This can be considered as Fairly Valued.
What is the profitability of 1NOKIA stock?
NOKIA OYJ (1NOKIA.MI) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for 1NOKIA stock?
The Price/Earnings (PE) ratio for NOKIA OYJ (1NOKIA.MI) is 23.54 and the Price/Book (PB) ratio is 1.82.
Is the dividend of NOKIA OYJ sustainable?
The dividend rating of NOKIA OYJ (1NOKIA.MI) is 2 / 10 and the dividend payout ratio is 116.59%.