NOKIA OYJ (1NOKIA.MI) Fundamental Analysis & Valuation
BIT:1NOKIA • FI0009000681
Current stock price
9.222 EUR
+0.26 (+2.95%)
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.
- In the past year 1NOKIA had a positive cash flow from operations.
- 1NOKIA had positive earnings in each of the past 5 years.
- In the past 5 years 1NOKIA always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 1.73%, 1NOKIA perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
- 1NOKIA's Return On Equity of 3.10% is in line compared to the rest of the industry. 1NOKIA outperforms 56.25% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 2.23%, 1NOKIA is in line with its industry, outperforming 56.25% of the companies in the same 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 11.07%.
| 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's Profit Margin of 3.27% is in line compared to the rest of the industry. 1NOKIA outperforms 56.25% of its industry peers.
- In the last couple of years the Profit Margin of 1NOKIA has declined.
- 1NOKIA's Operating Margin of 4.08% is in line compared to the rest of the industry. 1NOKIA outperforms 56.25% of its industry peers.
- In the last couple of years the Operating Margin of 1NOKIA has declined.
- 1NOKIA has a Gross Margin (43.54%) which is in line with its industry peers.
- 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
- 1NOKIA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
- 1NOKIA has a better debt/assets ratio than last year.
2.2 Solvency
- 1NOKIA has an Altman-Z score of 3.35. This indicates that 1NOKIA is financially healthy and has little risk of bankruptcy at the moment.
- 1NOKIA has a Altman-Z score (3.35) 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 comparable to the rest of the industry: 1NOKIA outperforms 50.00% 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 (0.15) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 3.35 |
ROIC/WACC0.28
WACC8.05%
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's Current ratio of 1.58 is in line compared to the rest of the industry. 1NOKIA outperforms 43.75% of 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 |
3. 1NOKIA.MI Growth Analysis
3.1 Past
- 1NOKIA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.66%.
- 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 3.48% 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)-5.66%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%71.04%
Revenue 1Y (TTM)3.48%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.52%
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 11.85% yearly.
- The Revenue is expected to grow by 2.56% on average over the next years.
EPS Next Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y11.85%
Revenue Next Year3.17%
Revenue Next 2Y3.64%
Revenue Next 3Y4.07%
Revenue Next 5Y2.56%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. 1NOKIA.MI Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 29.75, the valuation of 1NOKIA can be described as expensive.
- Based on the Price/Earnings ratio, 1NOKIA is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.93, 1NOKIA is valued at the same level.
- A Price/Forward Earnings ratio of 24.40 indicates a rather expensive valuation of 1NOKIA.
- 1NOKIA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. 1NOKIA is cheaper than 75.00% 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 21.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.75 | ||
| Fwd PE | 24.4 |
4.2 Price Multiples
- 1NOKIA's Enterprise Value to EBITDA ratio is in line with the industry average.
- 1NOKIA's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.15 | ||
| EV/EBITDA | 25.55 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1NOKIA does not grow enough to justify the current Price/Earnings ratio.
- A more expensive valuation may be justified as 1NOKIA's earnings are expected to grow with 13.89% in the coming years.
PEG (NY)2.43
PEG (5Y)13.47
EPS Next 2Y14.17%
EPS Next 3Y13.89%
5. 1NOKIA.MI Dividend Analysis
5.1 Amount
- 1NOKIA has a Yearly Dividend Yield of 1.55%. 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 2.18.
- 1NOKIA's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
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 2Y14.17%
EPS Next 3Y13.89%
1NOKIA.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:1NOKIA (4/27/2026, 7:00:00 PM)
9.222
+0.26 (+2.95%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)04-23 2026-04-23/bmo
Earnings (Next)07-23 2026-07-23
Inst Owners38.58%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap52.95B
Revenue(TTM)19.89B
Net Income(TTM)650.00M
Analysts68.65
Price Target6.7 (-27.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.55% |
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)13.99%
PT rev (3m)15.5%
EPS NQ rev (1m)8.12%
EPS NQ rev (3m)-10.38%
EPS NY rev (1m)1.29%
EPS NY rev (3m)-2.2%
Revenue NQ rev (1m)1.51%
Revenue NQ rev (3m)-4.22%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.75 | ||
| Fwd PE | 24.4 | ||
| P/S | 2.66 | ||
| P/FCF | 36.15 | ||
| P/OCF | 25.57 | ||
| P/B | 2.53 | ||
| P/tB | 3.9 | ||
| EV/EBITDA | 25.55 |
EPS(TTM)0.31
EY3.36%
EPS(NY)0.38
Fwd EY4.1%
FCF(TTM)0.26
FCFY2.77%
OCF(TTM)0.36
OCFY3.91%
SpS3.46
BVpS3.65
TBVpS2.36
PEG (NY)2.43
PEG (5Y)13.47
Graham Number5.04661 (-45.28%)
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 | 3.35 |
F-Score5
WACC8.05%
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)-5.66%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%71.04%
EPS Next Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y11.85%
Revenue 1Y (TTM)3.48%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.52%
Revenue Next Year3.17%
Revenue Next 2Y3.64%
Revenue Next 3Y4.07%
Revenue Next 5Y2.56%
EBIT growth 1Y-59.99%
EBIT growth 3Y-32.03%
EBIT growth 5Y-9.07%
EBIT Next Year51.48%
EBIT Next 3Y24.21%
EBIT Next 5Y16.48%
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.
Can you provide the profitability details for NOKIA OYJ?
NOKIA OYJ (1NOKIA.MI) has a profitability rating of 4 / 10.
How financially healthy is NOKIA OYJ?
The financial health rating of NOKIA OYJ (1NOKIA.MI) is 5 / 10.
Can you provide the dividend sustainability for 1NOKIA stock?
The dividend rating of NOKIA OYJ (1NOKIA.MI) is 2 / 10 and the dividend payout ratio is 116.77%.