NOKIA OYJ (NOA3.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:NOA3 - FI0009000681 - Common Stock
5.71 EUR
+0.1 (+1.86%)
Overall NOA3 gets a fundamental rating of 5 out of 10. We evaluated NOA3 against 32 industry peers in the Communications Equipment industry. NOA3 has only an average score on both its financial health and profitability. NOA3 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- NOA3 had positive earnings in the past year.
- In the past year NOA3 had a positive cash flow from operations.
- NOA3 had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years NOA3 had a positive operating cash flow.
1.2 Ratios
- NOA3's Return On Assets of 2.57% is fine compared to the rest of the industry. NOA3 outperforms 68.75% of its industry peers.
- NOA3 has a Return On Equity of 4.74%. This is in the better half of the industry: NOA3 outperforms 62.50% of its industry peers.
- The Return On Invested Capital of NOA3 (2.84%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for NOA3 is significantly below the industry average of 11.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROIC | 2.84% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.06%
ROIC(5y)4.02%
1.3 Margins
- With a decent Profit Margin value of 4.70%, NOA3 is doing good in the industry, outperforming 62.50% of the companies in the same industry.
- In the last couple of years the Profit Margin of NOA3 has grown nicely.
- The Operating Margin of NOA3 (6.02%) is better than 62.50% of its industry peers.
- In the last couple of years the Operating Margin of NOA3 has grown nicely.
- NOA3 has a Gross Margin (43.88%) which is in line with its industry peers.
- NOA3's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.02% | ||
| PM (TTM) | 4.7% | ||
| GM | 43.88% |
OM growth 3Y-2.82%
OM growth 5Y14.53%
PM growth 3Y-3.13%
PM growth 5Y194.44%
GM growth 3Y5.04%
GM growth 5Y5.25%
2. Health
2.1 Basic Checks
- NOA3 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, NOA3 has less shares outstanding
- NOA3 has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for NOA3 has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.62 indicates that NOA3 is not a great score, but indicates only limited risk for bankruptcy at the moment.
- NOA3 has a better Altman-Z score (2.62) than 62.50% of its industry peers.
- NOA3 has a debt to FCF ratio of 3.16. This is a good value and a sign of high solvency as NOA3 would need 3.16 years to pay back of all of its debts.
- With a Debt to FCF ratio value of 3.16, NOA3 perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
- NOA3 has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
- NOA3's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. NOA3 outperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 2.62 |
ROIC/WACC0.37
WACC7.71%
2.3 Liquidity
- NOA3 has a Current Ratio of 1.48. This is a normal value and indicates that NOA3 is financially healthy and should not expect problems in meeting its short term obligations.
- NOA3 has a Current ratio of 1.48. This is comparable to the rest of the industry: NOA3 outperforms 46.88% of its industry peers.
- A Quick Ratio of 1.23 indicates that NOA3 should not have too much problems paying its short term obligations.
- The Quick ratio of NOA3 (1.23) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
- NOA3 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
- The Earnings Per Share has been growing by 11.14% on average over the past years. This is quite good.
- NOA3 shows a small growth in Revenue. In the last year, the Revenue has grown by 3.04%.
- NOA3 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.79% yearly.
EPS 1Y (TTM)0%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%0%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%11.6%
3.2 Future
- NOA3 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.01% yearly.
- Based on estimates for the next years, NOA3 will show a small growth in Revenue. The Revenue will grow by 2.85% on average per year.
EPS Next Y-28.02%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
EPS Next 5Y0.01%
Revenue Next Year4.09%
Revenue Next 2Y4.03%
Revenue Next 3Y3.74%
Revenue Next 5Y2.85%
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 decreasing.
- 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. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.42, the valuation of NOA3 can be described as rather expensive.
- Based on the Price/Earnings ratio, NOA3 is valued cheaply inside the industry as 84.38% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 27.47. NOA3 is valued slightly cheaper when compared to this.
- With a Price/Forward Earnings ratio of 16.42, NOA3 is valued correctly.
- Based on the Price/Forward Earnings ratio, NOA3 is valued a bit cheaper than 75.00% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. NOA3 is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.42 | ||
| Fwd PE | 16.42 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOA3 indicates a somewhat cheap valuation: NOA3 is cheaper than 75.00% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of NOA3 is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.58 | ||
| EV/EBITDA | 12.81 |
4.3 Compensation for Growth
- NOA3 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.65
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.51%, NOA3 has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.52, NOA3 pays a better dividend. On top of this NOA3 pays more dividend than 87.50% of the companies listed in the same industry.
- NOA3's Dividend Yield is a higher than the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 81.90% of the earnings are spent on dividend by NOA3. This is not a sustainable payout ratio.
DP81.9%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
FRA:NOA3 (1/16/2026, 7:00:00 PM)
5.71
+0.1 (+1.86%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)10-23 2025-10-23/bmo
Earnings (Next)01-29 2026-01-29/amc
Inst Owners34.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap31.66B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts71.11
Price Target5.63 (-1.4%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP81.9%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.03%
Min EPS beat(2)-24.77%
Max EPS beat(2)16.71%
EPS beat(4)2
Avg EPS beat(4)-1.21%
Min EPS beat(4)-27.18%
Max EPS beat(4)30.42%
EPS beat(8)4
Avg EPS beat(8)-0.71%
EPS beat(12)5
Avg EPS beat(12)-3.87%
EPS beat(16)9
Avg EPS beat(16)-1.37%
Revenue beat(2)1
Avg Revenue beat(2)-3.52%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)0.79%
Revenue beat(4)2
Avg Revenue beat(4)-2.39%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)1.17%
Revenue beat(8)2
Avg Revenue beat(8)-6.37%
Revenue beat(12)3
Avg Revenue beat(12)-5.91%
Revenue beat(16)4
Avg Revenue beat(16)-4.64%
PT rev (1m)0.48%
PT rev (3m)22.09%
EPS NQ rev (1m)-0.57%
EPS NQ rev (3m)-1.75%
EPS NY rev (1m)2.2%
EPS NY rev (3m)2.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.42 | ||
| Fwd PE | 16.42 | ||
| P/S | 1.6 | ||
| P/FCF | 24.58 | ||
| P/OCF | 16.63 | ||
| P/B | 1.62 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 12.81 |
EPS(TTM)0.31
EY5.43%
EPS(NY)0.35
Fwd EY6.09%
FCF(TTM)0.23
FCFY4.07%
OCF(TTM)0.34
OCFY6.01%
SpS3.56
BVpS3.53
TBVpS2.18
PEG (NY)N/A
PEG (5Y)1.65
Graham Number4.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROCE | 4.51% | ||
| ROIC | 2.84% | ||
| ROICexc | 3.7% | ||
| ROICexgc | 5.87% | ||
| OM | 6.02% | ||
| PM (TTM) | 4.7% | ||
| GM | 43.88% | ||
| FCFM | 6.52% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.06%
ROIC(5y)4.02%
ROICexc(3y)5.84%
ROICexc(5y)5.9%
ROICexgc(3y)8.74%
ROICexgc(5y)9.29%
ROCE(3y)6.44%
ROCE(5y)6.38%
ROICexgc growth 3Y-10%
ROICexgc growth 5Y11.31%
ROICexc growth 3Y-8.21%
ROICexc growth 5Y12.5%
OM growth 3Y-2.82%
OM growth 5Y14.53%
PM growth 3Y-3.13%
PM growth 5Y194.44%
GM growth 3Y5.04%
GM growth 5Y5.25%
F-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Debt/EBITDA | 1.39 | ||
| Cap/Depr | 57.04% | ||
| Cap/Sales | 3.12% | ||
| Interest Coverage | 5.45 | ||
| Cash Conversion | 83.95% | ||
| Profit Quality | 138.79% | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z | 2.62 |
F-Score7
WACC7.71%
ROIC/WACC0.37
Cap/Depr(3y)53.08%
Cap/Depr(5y)50.54%
Cap/Sales(3y)2.65%
Cap/Sales(5y)2.53%
Profit Quality(3y)92.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%0%
EPS Next Y-28.02%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
EPS Next 5Y0.01%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%11.6%
Revenue Next Year4.09%
Revenue Next 2Y4.03%
Revenue Next 3Y3.74%
Revenue Next 5Y2.85%
EBIT growth 1Y-28.3%
EBIT growth 3Y-7.39%
EBIT growth 5Y10.19%
EBIT Next Year8.19%
EBIT Next 3Y12.97%
EBIT Next 5Y9.23%
FCF growth 1Y288.3%
FCF growth 3Y-0.72%
FCF growth 5YN/A
OCF growth 1Y13500%
OCF growth 3Y-1.71%
OCF growth 5Y44.92%
NOKIA OYJ / NOA3.DE FAQ
What is the fundamental rating for NOA3 stock?
ChartMill assigns a fundamental rating of 5 / 10 to NOA3.DE.
What is the valuation status of NOKIA OYJ (NOA3.DE) stock?
ChartMill assigns a valuation rating of 4 / 10 to NOKIA OYJ (NOA3.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for NOKIA OYJ?
NOKIA OYJ (NOA3.DE) has a profitability rating of 6 / 10.
What are the PE and PB ratios of NOKIA OYJ (NOA3.DE) stock?
The Price/Earnings (PE) ratio for NOKIA OYJ (NOA3.DE) is 18.42 and the Price/Book (PB) ratio is 1.62.
Can you provide the dividend sustainability for NOA3 stock?
The dividend rating of NOKIA OYJ (NOA3.DE) is 4 / 10 and the dividend payout ratio is 81.9%.