NOKIA OYJ (1NOKIA.MI) Fundamental Analysis & Valuation
BIT:1NOKIA • FI0009000681
Current stock price
6.858 EUR
-0.09 (-1.27%)
Last:
This 1NOKIA.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. 1NOKIA.MI Profitability Analysis
1.1 Basic Checks
- In the past year 1NOKIA was profitable.
- 1NOKIA had a positive operating cash flow in the past year.
- In the past 5 years 1NOKIA has always been profitable.
- Each year in the past 5 years 1NOKIA had a positive operating cash flow.
1.2 Ratios
- 1NOKIA's Return On Assets of 1.73% is in line compared to the rest of the industry. 1NOKIA outperforms 59.38% of its industry peers.
- 1NOKIA's Return On Equity of 3.10% is in line compared to the rest of the industry. 1NOKIA outperforms 59.38% of its industry peers.
- The Return On Invested Capital of 1NOKIA (2.23%) is comparable to the rest of the industry.
- 1NOKIA had an Average Return On Invested Capital over the past 3 years of 3.38%. This is significantly below the industry average of 10.96%.
| 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)3.38%
ROIC(5y)4.4%
1.3 Margins
- 1NOKIA has a Profit Margin (3.27%) which is in line with its industry peers.
- 1NOKIA's Profit Margin has declined in the last couple of years.
- 1NOKIA's Operating Margin of 4.08% is fine compared to the rest of the industry. 1NOKIA outperforms 62.50% of its industry peers.
- 1NOKIA's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 43.54%, 1NOKIA perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
- In the last couple of years the Gross Margin of 1NOKIA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.08% | ||
| PM (TTM) | 3.27% | ||
| GM | 43.54% |
OM growth 3Y-26.73%
OM growth 5Y-7.34%
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.
- 1NOKIA has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for 1NOKIA has been reduced compared to a year ago.
2.2 Solvency
- 1NOKIA has an Altman-Z score of 2.82. 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 (2.82) which is in line with its industry peers.
- 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.
- The Debt to FCF ratio of 1NOKIA (3.01) is better than 62.50% of its industry peers.
- 1NOKIA has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
- 1NOKIA has a better Debt to Equity ratio (0.15) than 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.82 |
ROIC/WACC0.29
WACC7.78%
2.3 Liquidity
- 1NOKIA has a Current Ratio of 1.58. This is a normal value and indicates that 1NOKIA is financially healthy and should not expect problems in meeting its short term obligations.
- 1NOKIA has a Current ratio (1.58) which is in line with its industry peers.
- A Quick Ratio of 1.36 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- The Quick ratio of 1NOKIA (1.36) is better than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 |
3. 1NOKIA.MI Growth Analysis
3.1 Past
- The earnings per share for 1NOKIA have decreased strongly by -25.64% in the last year.
- 1NOKIA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.21% yearly.
- Looking at the last year, 1NOKIA shows a small growth in Revenue. The Revenue has grown by 2.29% in the last 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
- 1NOKIA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.57% yearly.
- 1NOKIA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.99% yearly.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- 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
- 1NOKIA is valuated rather expensively with a Price/Earnings ratio of 23.65.
- Compared to the rest of the industry, the Price/Earnings ratio of 1NOKIA indicates a somewhat cheap valuation: 1NOKIA is cheaper than 75.00% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 25.50. 1NOKIA is around the same levels.
- Based on the Price/Forward Earnings ratio of 21.34, the valuation of 1NOKIA can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, 1NOKIA is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of 1NOKIA to the average of the S&P500 Index (22.67), we can say 1NOKIA is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.65 | ||
| Fwd PE | 21.34 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, 1NOKIA is valued a bit cheaper than the industry average as 65.63% of the companies are valued more expensively.
- The rest of the industry has a similar Price/Free Cash Flow ratio as 1NOKIA.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.13 | ||
| EV/EBITDA | 17.95 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- 1NOKIA's earnings are expected to grow with 12.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.18
PEG (5Y)10.71
EPS Next 2Y13.25%
EPS Next 3Y12.92%
5. 1NOKIA.MI Dividend Analysis
5.1 Amount
- 1NOKIA has a Yearly Dividend Yield of 1.97%. Purely for dividend investing, there may be better candidates out there.
- 1NOKIA's Dividend Yield is a higher than the industry average which is at 2.44.
- Compared to an average S&P500 Dividend Yield of 1.89, 1NOKIA has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.97% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 1NOKIA pays out 116.77% of its income as dividend. This is not a sustainable payout ratio.
DP116.77%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
1NOKIA.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:1NOKIA (3/23/2026, 7:00:00 PM)
6.858
-0.09 (-1.27%)
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 Cap38.29B
Revenue(TTM)19.89B
Net Income(TTM)650.00M
Analysts72.43
Price Target5.88 (-14.26%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.97% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP116.77%
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)12.01%
EPS NQ rev (3m)-16.18%
EPS NY rev (1m)-3.45%
EPS NY rev (3m)-6.89%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)-5.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.65 | ||
| Fwd PE | 21.34 | ||
| P/S | 1.92 | ||
| P/FCF | 26.13 | ||
| P/OCF | 18.49 | ||
| P/B | 1.83 | ||
| P/tB | 2.82 | ||
| EV/EBITDA | 17.95 |
EPS(TTM)0.29
EY4.23%
EPS(NY)0.32
Fwd EY4.69%
FCF(TTM)0.26
FCFY3.83%
OCF(TTM)0.37
OCFY5.41%
SpS3.56
BVpS3.76
TBVpS2.43
PEG (NY)2.18
PEG (5Y)10.71
Graham Number4.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.1% | ||
| ROCE | 2.94% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.95% | ||
| ROICexgc | 4.57% | ||
| 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)3.38%
ROIC(5y)4.4%
ROICexc(3y)4.79%
ROICexc(5y)6.38%
ROICexgc(3y)7.24%
ROICexgc(5y)9.8%
ROCE(3y)4.47%
ROCE(5y)5.81%
ROICexgc growth 3Y-30.96%
ROICexgc growth 5Y-15.83%
ROICexc growth 3Y-31.84%
ROICexc growth 5Y-13.58%
OM growth 3Y-26.73%
OM growth 5Y-7.34%
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 | 107.31% | ||
| Profit Quality | 225.39% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.82 |
F-Score5
WACC7.78%
ROIC/WACC0.29
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-59.99%
EBIT growth 3Y-32.03%
EBIT growth 5Y-9.07%
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 Fundamental Analysis 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 3 / 10 to NOKIA OYJ (1NOKIA.MI). This can be considered as Overvalued.
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 23.65 and the Price/Book (PB) ratio is 1.83.
Is the dividend of NOKIA OYJ sustainable?
The dividend rating of NOKIA OYJ (1NOKIA.MI) is 2 / 10 and the dividend payout ratio is 116.77%.