NOKIA OYJ (1NOKIA.MI) Stock Fundamental Analysis

BIT:1NOKIA • FI0009000681

6.422 EUR
+0.16 (+2.52%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, 1NOKIA scores 4 out of 10 in our fundamental rating. 1NOKIA was compared to 30 industry peers in the Communications Equipment industry. 1NOKIA has an average financial health and profitability rating. 1NOKIA has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • 1NOKIA had positive earnings in the past year.
  • 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.
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

  • The Return On Assets of 1NOKIA (1.73%) is comparable to the rest of the industry.
  • 1NOKIA has a Return On Equity of 3.10%. This is comparable to the rest of the industry: 1NOKIA outperforms 60.00% of its industry peers.
  • 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 10.70%.
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)3.51%
ROIC(5y)4.47%
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

  • 1NOKIA has a better Profit Margin (3.27%) than 63.33% of its industry peers.
  • 1NOKIA's Profit Margin has declined in the last couple of years.
  • 1NOKIA's Operating Margin of 4.08% is in line compared to the rest of the industry. 1NOKIA outperforms 60.00% 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 46.67% of the companies in the same 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-23.64%
OM growth 5Y-5.02%
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. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 1NOKIA is destroying value.
  • The number of shares outstanding for 1NOKIA has been increased compared to 1 year ago.
  • 1NOKIA has less shares outstanding than it did 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

  • 1NOKIA has an Altman-Z score of 2.73. 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 (2.73) which is comparable to the rest of the 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.
  • The Debt to FCF ratio of 1NOKIA (3.01) 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 63.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 3.01
Altman-Z 2.73
ROIC/WACC0.3
WACC7.43%
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's Current ratio of 1.58 is in line compared to the rest of the industry. 1NOKIA outperforms 46.67% of its industry peers.
  • 1NOKIA has a Quick Ratio of 1.36. This is a normal value and indicates that 1NOKIA is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.36, 1NOKIA is doing good in the industry, outperforming 63.33% 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

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

4

3. Growth

3.1 Past

  • The earnings per share for 1NOKIA have decreased strongly by -25.64% in the last year.
  • Measured over the past 5 years, 1NOKIA shows a small growth in Earnings Per Share. The EPS has been growing by 2.21% on average per year.
  • Looking at the last year, 1NOKIA shows a small growth in Revenue. The Revenue has grown by 2.29% in the last year.
  • 1NOKIA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.86% yearly.
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 8.09% yearly.
  • Based on estimates for the next years, 1NOKIA will show a small growth in Revenue. The Revenue will grow by 2.62% on average per year.
EPS Next Y14.79%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
EPS Next 5Y8.09%
Revenue Next Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.82%
Revenue Next 5Y2.62%

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.
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

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • 1NOKIA is valuated rather expensively with a Price/Earnings ratio of 22.14.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1NOKIA indicates a somewhat cheap valuation: 1NOKIA is cheaper than 80.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.05, 1NOKIA is valued at the same level.
  • The Price/Forward Earnings ratio is 19.29, which indicates a rather expensive current valuation of 1NOKIA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1NOKIA indicates a somewhat cheap valuation: 1NOKIA is cheaper than 76.67% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.03. 1NOKIA is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22.14
Fwd PE 19.29
1NOKIA.MI Price Earnings VS Forward Price Earnings1NOKIA.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 70.00% of the companies in the same industry are more expensive than 1NOKIA, based on the Enterprise Value to EBITDA ratio.
  • 63.33% of the companies in the same industry are more expensive than 1NOKIA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 24.47
EV/EBITDA 16.68
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • 1NOKIA's earnings are expected to grow with 15.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.5
PEG (5Y)10.03
EPS Next 2Y14.68%
EPS Next 3Y15.03%

More info and screens

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

3

5. Dividend

5.1 Amount

  • 1NOKIA has a Yearly Dividend Yield of 2.20%.
  • Compared to an average industry Dividend Yield of 2.64, 1NOKIA pays a bit more dividend than its industry peers.
  • 1NOKIA's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.2%

5.2 History

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

5.3 Sustainability

  • 116.59% of the earnings are spent on dividend by 1NOKIA. This is not a sustainable payout ratio.
DP116.59%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
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

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NOKIA OYJ

BIT:1NOKIA (2/25/2026, 7:00:00 PM)

6.422

+0.16 (+2.52%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners34.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap35.85B
Revenue(TTM)19.89B
Net Income(TTM)651.00M
Analysts73.51
Price Target5.86 (-8.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.2%
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)0.89%
PT rev (3m)2.91%
EPS NQ rev (1m)-26%
EPS NQ rev (3m)-21.96%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.63%
Revenue NQ rev (1m)-5.47%
Revenue NQ rev (3m)-3.94%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 22.14
Fwd PE 19.29
P/S 1.8
P/FCF 24.47
P/OCF 17.31
P/B 1.71
P/tB 2.64
EV/EBITDA 16.68
EPS(TTM)0.29
EY4.52%
EPS(NY)0.33
Fwd EY5.18%
FCF(TTM)0.26
FCFY4.09%
OCF(TTM)0.37
OCFY5.78%
SpS3.56
BVpS3.76
TBVpS2.43
PEG (NY)1.5
PEG (5Y)10.03
Graham Number4.95
Profitability
Industry RankSector 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 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 107.25%
Profit Quality 225.04%
Current Ratio 1.58
Quick Ratio 1.36
Altman-Z 2.73
F-Score5
WACC7.43%
ROIC/WACC0.3
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 Y14.79%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
EPS Next 5Y8.09%
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 3Y3.82%
Revenue Next 5Y2.62%
EBIT growth 1Y-59.94%
EBIT growth 3Y-29.16%
EBIT growth 5Y-6.79%
EBIT Next Year69.64%
EBIT Next 3Y31.38%
EBIT Next 5Y16.32%
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 22.14 and the Price/Book (PB) ratio is 1.71.


Is the dividend of NOKIA OYJ sustainable?

The dividend rating of NOKIA OYJ (1NOKIA.MI) is 3 / 10 and the dividend payout ratio is 116.59%.