NOKIA OYJ (1NOKIA.MI) Stock Fundamental Analysis
Europe - BIT:1NOKIA - FI0009000681 - Common Stock
3.838 EUR
+0 (+0.1%)
We assign a fundamental rating of 5 out of 10 to 1NOKIA. 1NOKIA was compared to 27 industry peers in the Communications Equipment industry. 1NOKIA has only an average score on both its financial health and profitability. 1NOKIA is valued correctly, but it does not seem to be growing.
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.
Of the past 5 years 1NOKIA 4 years were profitable.
1NOKIA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
1NOKIA has a better Return On Assets (2.83%) than 70.37% of its industry peers.
1NOKIA has a better Return On Equity (5.17%) than 70.37% of its industry peers.
The Return On Invested Capital of 1NOKIA (2.89%) is better than 66.67% of its industry peers.
1NOKIA had an Average Return On Invested Capital over the past 3 years of 4.03%. This is significantly below the industry average of 11.62%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.17% | ||
| ROIC | 2.89% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.03%
ROIC(5y)4.01%
1.3 Margins
1NOKIA has a Profit Margin of 5.30%. This is in the better half of the industry: 1NOKIA outperforms 74.07% of its industry peers.
In the last couple of years the Profit Margin of 1NOKIA has grown nicely.
1NOKIA's Operating Margin of 6.21% is fine compared to the rest of the industry. 1NOKIA outperforms 70.37% of its industry peers.
In the last couple of years the Operating Margin of 1NOKIA has grown nicely.
The Gross Margin of 1NOKIA (44.23%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of 1NOKIA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.21% | ||
| PM (TTM) | 5.3% | ||
| GM | 44.23% |
OM growth 3Y-3.28%
OM growth 5Y14.2%
PM growth 3Y-3.13%
PM growth 5Y194.44%
GM growth 3Y5.04%
GM growth 5Y5.25%
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 reduced compared to 1 year ago.
The number of shares outstanding for 1NOKIA has been reduced compared to 5 years ago.
1NOKIA has a better debt/assets ratio than last year.
2.2 Solvency
1NOKIA has an Altman-Z score of 2.19. 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.
The Altman-Z score of 1NOKIA (2.19) is comparable to the rest of the industry.
The Debt to FCF ratio of 1NOKIA is 2.77, which is a good value as it means it would take 1NOKIA, 2.77 years of fcf income to pay off all of its debts.
1NOKIA's Debt to FCF ratio of 2.77 is fine compared to the rest of the industry. 1NOKIA outperforms 66.67% of its industry peers.
1NOKIA has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of 1NOKIA (0.16) is better than 74.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.77 | ||
| Altman-Z | 2.19 |
ROIC/WACC0.42
WACC6.86%
2.3 Liquidity
1NOKIA has a Current Ratio of 1.46. 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 of 1.46. This is comparable to the rest of the industry: 1NOKIA outperforms 40.74% of its industry peers.
A Quick Ratio of 1.21 indicates that 1NOKIA should not have too much problems paying its short term obligations.
1NOKIA has a Quick ratio (1.21) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
1NOKIA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.33%.
Measured over the past years, 1NOKIA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.14% on average per year.
1NOKIA shows a decrease in Revenue. In the last year, the revenue decreased by -2.91%.
1NOKIA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.79% yearly.
EPS 1Y (TTM)3.33%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)-2.91%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%1.79%
3.2 Future
The Earnings Per Share is expected to decrease by -0.36% on average over the next years.
The Revenue is expected to grow by 2.54% on average over the next years.
EPS Next Y-28.57%
EPS Next 2Y-6.17%
EPS Next 3Y-1.25%
EPS Next 5Y-0.36%
Revenue Next Year3.49%
Revenue Next 2Y3.45%
Revenue Next 3Y3.05%
Revenue Next 5Y2.54%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.38 indicates a correct valuation of 1NOKIA.
Based on the Price/Earnings ratio, 1NOKIA is valued cheaper than 92.59% of the companies in the same industry.
1NOKIA is valuated cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
1NOKIA is valuated reasonably with a Price/Forward Earnings ratio of 11.18.
Based on the Price/Forward Earnings ratio, 1NOKIA is valued cheaper than 92.59% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of 1NOKIA to the average of the S&P500 Index (22.88), we can say 1NOKIA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.38 | ||
| Fwd PE | 11.18 |
4.2 Price Multiples
1NOKIA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. 1NOKIA is cheaper than 85.19% of the companies in the same industry.
1NOKIA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. 1NOKIA is cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.94 | ||
| EV/EBITDA | 7.79 |
4.3 Compensation for Growth
The decent profitability rating of 1NOKIA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.11
EPS Next 2Y-6.17%
EPS Next 3Y-1.25%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.58%, 1NOKIA has a reasonable but not impressive dividend return.
1NOKIA's Dividend Yield is rather good when compared to the industry average which is at 6.04. 1NOKIA pays more dividend than 81.48% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, 1NOKIA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
5.2 History
The dividend of 1NOKIA has a limited annual growth rate of 5.44%.
Dividend Growth(5Y)5.44%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
69.51% of the earnings are spent on dividend by 1NOKIA. This is not a sustainable payout ratio.
1NOKIA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP69.51%
EPS Next 2Y-6.17%
EPS Next 3Y-1.25%
BIT:1NOKIA (9/16/2025, 7:00:00 PM)
3.838
+0 (+0.1%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners34.44%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap20.64B
Analysts70
Price Target4.63 (20.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.58% |
Yearly Dividend0.13
Dividend Growth(5Y)5.44%
DP69.51%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.98%
Min EPS beat(2)-27.18%
Max EPS beat(2)-24.77%
EPS beat(4)1
Avg EPS beat(4)-9.74%
Min EPS beat(4)-27.18%
Max EPS beat(4)30.42%
EPS beat(8)3
Avg EPS beat(8)-6.28%
EPS beat(12)5
Avg EPS beat(12)-5%
EPS beat(16)9
Avg EPS beat(16)-1.1%
Revenue beat(2)0
Avg Revenue beat(2)-5.77%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)-3.71%
Revenue beat(4)1
Avg Revenue beat(4)-5.52%
Min Revenue beat(4)-11.71%
Max Revenue beat(4)1.17%
Revenue beat(8)1
Avg Revenue beat(8)-8.3%
Revenue beat(12)2
Avg Revenue beat(12)-5.98%
Revenue beat(16)3
Avg Revenue beat(16)-4.86%
PT rev (1m)1.56%
PT rev (3m)-6.95%
EPS NQ rev (1m)0.79%
EPS NQ rev (3m)-19.76%
EPS NY rev (1m)-13.92%
EPS NY rev (3m)-13.92%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.75%
Revenue NY rev (1m)-0.67%
Revenue NY rev (3m)-2.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.38 | ||
| Fwd PE | 11.18 | ||
| P/S | 1.07 | ||
| P/FCF | 13.94 | ||
| P/OCF | 10.14 | ||
| P/B | 1.05 | ||
| P/tB | 1.7 | ||
| EV/EBITDA | 7.79 |
EPS(TTM)0.31
EY8.08%
EPS(NY)0.34
Fwd EY8.95%
FCF(TTM)0.28
FCFY7.17%
OCF(TTM)0.38
OCFY9.86%
SpS3.58
BVpS3.67
TBVpS2.26
PEG (NY)N/A
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.17% | ||
| ROCE | 4.56% | ||
| ROIC | 2.89% | ||
| ROICexc | 3.76% | ||
| ROICexgc | 6.03% | ||
| OM | 6.21% | ||
| PM (TTM) | 5.3% | ||
| GM | 44.23% | ||
| FCFM | 7.7% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.03%
ROIC(5y)4.01%
ROICexc(3y)5.79%
ROICexc(5y)5.89%
ROICexgc(3y)8.68%
ROICexgc(5y)9.27%
ROCE(3y)6.35%
ROCE(5y)6.32%
ROICexcg growth 3Y-10.42%
ROICexcg growth 5Y11%
ROICexc growth 3Y-8.64%
ROICexc growth 5Y12.18%
OM growth 3Y-3.28%
OM growth 5Y14.2%
PM growth 3Y-3.13%
PM growth 5Y194.44%
GM growth 3Y5.04%
GM growth 5Y5.25%
F-Score8
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.77 | ||
| Debt/EBITDA | 1.41 | ||
| Cap/Depr | 53.68% | ||
| Cap/Sales | 2.88% | ||
| Interest Coverage | 4.88 | ||
| Cash Conversion | 91.3% | ||
| Profit Quality | 145.2% | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.19 |
F-Score8
WACC6.86%
ROIC/WACC0.42
Cap/Depr(3y)53.08%
Cap/Depr(5y)50.54%
Cap/Sales(3y)2.6%
Cap/Sales(5y)2.5%
Profit Quality(3y)92.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.33%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%-33.33%
EPS Next Y-28.57%
EPS Next 2Y-6.17%
EPS Next 3Y-1.25%
EPS Next 5Y-0.36%
Revenue 1Y (TTM)-2.91%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%1.79%
Revenue Next Year3.49%
Revenue Next 2Y3.45%
Revenue Next 3Y3.05%
Revenue Next 5Y2.54%
EBIT growth 1Y-26.17%
EBIT growth 3Y-7.82%
EBIT growth 5Y9.88%
EBIT Next Year11.92%
EBIT Next 3Y12.52%
EBIT Next 5Y8.37%
FCF growth 1Y3797.37%
FCF growth 3Y-0.72%
FCF growth 5YN/A
OCF growth 1Y187.57%
OCF growth 3Y-1.71%
OCF growth 5Y44.92%