NOKIA OYJ (NOKIA.PA) Stock Fundamental Analysis
Europe - Euronext Paris - EPA:NOKIA - FI0009000681 - Common Stock
5.26 EUR
+0.03 (+0.54%)
Taking everything into account, NOKIA scores 5 out of 10 in our fundamental rating. NOKIA was compared to 28 industry peers in the Communications Equipment industry. NOKIA has only an average score on both its financial health and profitability. NOKIA has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NOKIA had positive earnings in the past year.
NOKIA had a positive operating cash flow in the past year.
NOKIA had positive earnings in 4 of the past 5 years.
NOKIA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NOKIA has a better Return On Assets (2.57%) than 67.86% of its industry peers.
With a decent Return On Equity value of 4.74%, NOKIA is doing good in the industry, outperforming 67.86% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.86%, NOKIA is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NOKIA is significantly below the industry average of 10.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROIC | 2.86% |
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
With a decent Profit Margin value of 4.70%, NOKIA is doing good in the industry, outperforming 67.86% of the companies in the same industry.
NOKIA's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.02%, NOKIA is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
NOKIA's Operating Margin has improved in the last couple of years.
The Gross Margin of NOKIA (43.88%) is comparable to the rest of the industry.
NOKIA'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-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), NOKIA is destroying value.
The number of shares outstanding for NOKIA has been reduced compared to 1 year ago.
The number of shares outstanding for NOKIA has been reduced compared to 5 years ago.
The debt/assets ratio for NOKIA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.47 indicates that NOKIA is not a great score, but indicates only limited risk for bankruptcy at the moment.
NOKIA has a Altman-Z score of 2.47. This is in the better half of the industry: NOKIA outperforms 64.29% of its industry peers.
NOKIA has a debt to FCF ratio of 3.16. This is a good value and a sign of high solvency as NOKIA would need 3.16 years to pay back of all of its debts.
NOKIA's Debt to FCF ratio of 3.16 is fine compared to the rest of the industry. NOKIA outperforms 67.86% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that NOKIA is not too dependend on debt financing.
NOKIA has a Debt to Equity ratio of 0.16. This is in the better half of the industry: NOKIA outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.41
WACC7.06%
2.3 Liquidity
NOKIA has a Current Ratio of 1.48. This is a normal value and indicates that NOKIA is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.48, NOKIA perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
NOKIA has a Quick Ratio of 1.23. This is a normal value and indicates that NOKIA is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.23, NOKIA is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The earnings per share for NOKIA have decreased by 0.00% in the last year.
NOKIA shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.14% yearly.
Looking at the last year, NOKIA shows a small growth in Revenue. The Revenue has grown by 3.04% in the last year.
NOKIA 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
NOKIA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.30% yearly.
NOKIA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.15% yearly.
EPS Next Y-30.14%
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
EPS Next 5Y0.3%
Revenue Next Year3.74%
Revenue Next 2Y3.74%
Revenue Next 3Y3.4%
Revenue Next 5Y3.15%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.97 indicates a correct valuation of NOKIA.
Based on the Price/Earnings ratio, NOKIA is valued cheaply inside the industry as 82.14% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.15. NOKIA is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 15.07, NOKIA is valued correctly.
71.43% of the companies in the same industry are more expensive than NOKIA, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.12. NOKIA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.97 | ||
| Fwd PE | 15.07 |
4.2 Price Multiples
NOKIA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NOKIA is cheaper than 67.86% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NOKIA is valued a bit cheaper than 60.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.97 | ||
| EV/EBITDA | 11.01 |
4.3 Compensation for Growth
NOKIA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.52
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.69%, NOKIA has a reasonable but not impressive dividend return.
NOKIA's Dividend Yield is rather good when compared to the industry average which is at 5.50. NOKIA pays more dividend than 82.14% of the companies in the same industry.
NOKIA's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
5.2 History
The dividend of NOKIA has a limited annual growth rate of 5.44%.
Dividend Growth(5Y)5.44%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
NOKIA pays out 81.90% of its income as dividend. This is not a sustainable payout ratio.
NOKIA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP81.9%
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
EPA:NOKIA (11/27/2025, 2:51:33 PM)
5.26
+0.03 (+0.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners36.69%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap28.29B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts70
Price Target5.71 (8.56%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
Yearly Dividend0.13
Dividend Growth(5Y)5.44%
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)24.41%
PT rev (3m)24.12%
EPS NQ rev (1m)1.72%
EPS NQ rev (3m)-1.87%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)-2.2%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-0.84%
Revenue NY rev (1m)0.41%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.97 | ||
| Fwd PE | 15.07 | ||
| P/S | 1.43 | ||
| P/FCF | 21.97 | ||
| P/OCF | 14.86 | ||
| P/B | 1.44 | ||
| P/tB | 2.34 | ||
| EV/EBITDA | 11.01 |
EPS(TTM)0.31
EY5.89%
EPS(NY)0.35
Fwd EY6.64%
FCF(TTM)0.24
FCFY4.55%
OCF(TTM)0.35
OCFY6.73%
SpS3.67
BVpS3.64
TBVpS2.24
PEG (NY)N/A
PEG (5Y)1.52
Graham Number5.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROCE | 4.51% | ||
| ROIC | 2.86% | ||
| ROICexc | 3.72% | ||
| ROICexgc | 5.91% | ||
| 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)4.03%
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%
ROICexgc growth 3Y-10.42%
ROICexgc 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-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 | 2.47 |
F-Score7
WACC7.06%
ROIC/WACC0.41
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)0%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%0%
EPS Next Y-30.14%
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
EPS Next 5Y0.3%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%11.6%
Revenue Next Year3.74%
Revenue Next 2Y3.74%
Revenue Next 3Y3.4%
Revenue Next 5Y3.15%
EBIT growth 1Y-26.89%
EBIT growth 3Y-7.82%
EBIT growth 5Y9.88%
EBIT Next Year10.01%
EBIT Next 3Y12.49%
EBIT Next 5Y9.54%
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 / NOKIA.PA FAQ
Can you provide the ChartMill fundamental rating for NOKIA OYJ?
ChartMill assigns a fundamental rating of 5 / 10 to NOKIA.PA.
Can you provide the valuation status for NOKIA OYJ?
ChartMill assigns a valuation rating of 5 / 10 to NOKIA OYJ (NOKIA.PA). This can be considered as Fairly Valued.
What is the profitability of NOKIA stock?
NOKIA OYJ (NOKIA.PA) has a profitability rating of 6 / 10.
How financially healthy is NOKIA OYJ?
The financial health rating of NOKIA OYJ (NOKIA.PA) is 6 / 10.
Can you provide the expected EPS growth for NOKIA stock?
The Earnings per Share (EPS) of NOKIA OYJ (NOKIA.PA) is expected to decline by -30.14% in the next year.