NOKIA OYJ (1NOKIA.MI) Fundamental Analysis & Valuation

BIT:1NOKIA • FI0009000681

Current stock price

8.526 EUR
-0.03 (-0.4%)
Last:

This 1NOKIA.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

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.
  • 1NOKIA had a positive operating cash flow in each of the past 5 years.
1NOKIA.MI Yearly Net Income VS EBIT VS OCF VS FCF1NOKIA.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • 1NOKIA's Return On Assets of 1.73% is in line compared to the rest of the industry. 1NOKIA outperforms 56.25% of its industry peers.
  • With a Return On Equity value of 3.10%, 1NOKIA perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
  • 1NOKIA has a Return On Invested Capital (2.23%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for 1NOKIA is significantly below the industry average of 11.16%.
Industry RankSector 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%
1NOKIA.MI Yearly ROA, ROE, ROIC1NOKIA.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 3.27%, 1NOKIA is in line with its industry, outperforming 56.25% of the companies in the same industry.
  • 1NOKIA's Profit Margin has declined in the last couple of years.
  • 1NOKIA has a Operating Margin of 4.08%. This is comparable to the rest of the industry: 1NOKIA outperforms 59.38% of its industry peers.
  • In the last couple of years the Operating Margin of 1NOKIA has declined.
  • The Gross Margin of 1NOKIA (43.54%) is comparable to the rest of the industry.
  • 1NOKIA's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
1NOKIA.MI Yearly Profit, Operating, Gross Margins1NOKIA.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

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.
  • 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.
1NOKIA.MI Yearly Shares Outstanding1NOKIA.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
1NOKIA.MI Yearly Total Debt VS Total Assets1NOKIA.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 3.20 indicates that 1NOKIA is not in any danger for bankruptcy at the moment.
  • With a Altman-Z score value of 3.20, 1NOKIA perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
  • The Debt to FCF ratio of 1NOKIA is 3.01, which is a good value as it means it would take 1NOKIA, 3.01 years of fcf income to pay off all of its debts.
  • 1NOKIA has a Debt to FCF ratio (3.01) which is comparable to the rest of the industry.
  • 1NOKIA has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.15, 1NOKIA is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 3.01
Altman-Z 3.2
ROIC/WACC0.28
WACC8%
1NOKIA.MI Yearly LT Debt VS Equity VS FCF1NOKIA.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 1.58 indicates that 1NOKIA should not have too much problems paying its short term obligations.
  • 1NOKIA has a Current ratio of 1.58. This is comparable to the rest of the industry: 1NOKIA outperforms 46.88% of its industry peers.
  • A Quick Ratio of 1.36 indicates that 1NOKIA should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.36, 1NOKIA is in line with its industry, outperforming 59.38% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 1.36
1NOKIA.MI Yearly Current Assets VS Current Liabilites1NOKIA.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

More info and screens

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

4

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.
  • 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 Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y8.57%
Revenue Next Year2.92%
Revenue Next 2Y3.48%
Revenue Next 3Y4.03%
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.
1NOKIA.MI Yearly Revenue VS Estimates1NOKIA.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
1NOKIA.MI Yearly EPS VS Estimates1NOKIA.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3 0.4

More info and screens

Find the best growth stocksShow best growing peers

3

4. 1NOKIA.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • 1NOKIA is valuated quite expensively with a Price/Earnings ratio of 29.40.
  • 68.75% of the companies in the same industry are more expensive than 1NOKIA, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of 1NOKIA to the average of the S&P500 Index (27.33), we can say 1NOKIA is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 26.19, 1NOKIA can be considered very expensive at the moment.
  • 71.88% of the companies in the same industry are more expensive than 1NOKIA, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.16, 1NOKIA is valued a bit cheaper.
Industry RankSector Rank
PE 29.4
Fwd PE 26.19
1NOKIA.MI Price Earnings VS Forward Price Earnings1NOKIA.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 1NOKIA's Enterprise Value to EBITDA is on the same level as the industry average.
  • 1NOKIA's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 33.42
EV/EBITDA 23.48
1NOKIA.MI Per share data1NOKIA.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3

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 13.89% in the coming years.
PEG (NY)2.4
PEG (5Y)13.32
EPS Next 2Y14.17%
EPS Next 3Y13.89%

More info and screens

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

2

5. 1NOKIA.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.74%, 1NOKIA has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.35, 1NOKIA pays a bit more dividend than its industry peers.
  • 1NOKIA's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.74%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 116.77% of the earnings are spent on dividend by 1NOKIA. This is not a sustainable payout ratio.
DP116.77%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
1NOKIA.MI Yearly Income VS Free CF VS Dividend1NOKIA.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
1NOKIA.MI Dividend Payout.1NOKIA.MI Dividend Payout, showing the Payout Ratio.1NOKIA.MI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

1NOKIA.MI Fundamentals: All Metrics, Ratios and Statistics

NOKIA OYJ

BIT:1NOKIA (4/14/2026, 7:00:00 PM)

8.526

-0.03 (-0.4%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners38.58%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap48.96B
Revenue(TTM)19.89B
Net Income(TTM)650.00M
Analysts68.65
Price Target6.74 (-20.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
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)14.68%
PT rev (3m)23.62%
EPS NQ rev (1m)19.35%
EPS NQ rev (3m)-13.37%
EPS NY rev (1m)1.29%
EPS NY rev (3m)-6.37%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)-4.66%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)-0.89%
Valuation
Industry RankSector Rank
PE 29.4
Fwd PE 26.19
P/S 2.46
P/FCF 33.42
P/OCF 23.64
P/B 2.34
P/tB 3.61
EV/EBITDA 23.48
EPS(TTM)0.29
EY3.4%
EPS(NY)0.33
Fwd EY3.82%
FCF(TTM)0.26
FCFY2.99%
OCF(TTM)0.36
OCFY4.23%
SpS3.46
BVpS3.65
TBVpS2.36
PEG (NY)2.4
PEG (5Y)13.32
Graham Number4.8811 (-42.75%)
Profitability
Industry RankSector 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 RankSector 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 3.2
F-Score5
WACC8%
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 Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
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 Year2.92%
Revenue Next 2Y3.48%
Revenue Next 3Y4.03%
Revenue Next 5Y2.99%
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 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.


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%.