NOKIA OYJ (NOKIA.PA) Stock Fundamental Analysis
Europe - EPA:NOKIA - FI0009000681 - Common Stock
5.212 EUR
-0.04 (-0.69%)
Overall NOKIA gets a fundamental rating of 4 out of 10. We evaluated NOKIA against 29 industry peers in the Communications Equipment industry. NOKIA has an average financial health and profitability rating. NOKIA has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NOKIA was profitable.
NOKIA had a positive operating cash flow in the past year.
NOKIA had positive earnings in 4 of the past 5 years.
In the past 5 years NOKIA always reported a positive cash flow from operatings.
1.2 Ratios
NOKIA's Return On Assets of 2.57% is in line compared to the rest of the industry. NOKIA outperforms 58.62% of its industry peers.
NOKIA's Return On Equity of 4.74% is in line compared to the rest of the industry. NOKIA outperforms 55.17% of its industry peers.
NOKIA has a Return On Invested Capital of 2.86%. This is comparable to the rest of the industry: NOKIA outperforms 55.17% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NOKIA is significantly below the industry average of 11.51%.
| 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 Profit Margin value of 4.70%, NOKIA perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
In the last couple of years the Profit Margin of NOKIA has grown nicely.
With a Operating Margin value of 6.02%, NOKIA perfoms like the industry average, outperforming 58.62% of the companies in the same industry.
NOKIA's Operating Margin has improved in the last couple of years.
NOKIA has a Gross Margin (43.88%) which is in line with its industry peers.
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
NOKIA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NOKIA has been reduced compared to 1 year ago.
Compared to 5 years ago, NOKIA has less shares outstanding
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.
With a decent Altman-Z score value of 2.47, NOKIA is doing good in the industry, outperforming 62.07% of the companies in the same industry.
The Debt to FCF ratio of NOKIA is 3.16, which is a good value as it means it would take NOKIA, 3.16 years of fcf income to pay off all of its debts.
NOKIA has a Debt to FCF ratio (3.16) which is in line with its industry peers.
A Debt/Equity ratio of 0.16 indicates that NOKIA is not too dependend on debt financing.
NOKIA's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. NOKIA outperforms 65.52% 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.
Looking at the Current ratio, with a value of 1.48, NOKIA is in line with its industry, outperforming 44.83% 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 48.28% 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.
NOKIA shows a small growth in Revenue. In the last year, the Revenue has grown by 3.04%.
Measured over the past years, NOKIA shows a decrease in Revenue. The Revenue has been decreasing by -3.79% on average per year.
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
The Earnings Per Share is expected to grow by 0.30% on average over the next years.
The Revenue is expected to grow by 3.15% on average over the next years.
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
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.
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
The Price/Earnings ratio is 16.81, which indicates a correct valuation of NOKIA.
79.31% of the companies in the same industry are more expensive than NOKIA, based on the Price/Earnings ratio.
NOKIA is valuated rather cheaply when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.93, NOKIA is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NOKIA indicates a somewhat cheap valuation: NOKIA is cheaper than 72.41% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NOKIA to the average of the S&P500 Index (35.42), we can say NOKIA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.81 | ||
| Fwd PE | 14.93 |
4.2 Price Multiples
NOKIA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NOKIA is cheaper than 68.97% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as NOKIA.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.77 | ||
| EV/EBITDA | 11.05 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.51
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
5. Dividend
5.1 Amount
NOKIA has a Yearly Dividend Yield of 2.62%.
NOKIA's Dividend Yield is rather good when compared to the industry average which is at 5.25. NOKIA pays more dividend than 86.21% of the companies in the same industry.
NOKIA's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
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 (11/20/2025, 5:29:49 PM)
5.212
-0.04 (-0.69%)
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 Cap28.04B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts70
Price Target5.05 (-3.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
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)9.98%
PT rev (3m)9.56%
EPS NQ rev (1m)1.35%
EPS NQ rev (3m)-2.23%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)-15.81%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)-1.21%
Revenue NY rev (1m)0.41%
Revenue NY rev (3m)-0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.81 | ||
| Fwd PE | 14.93 | ||
| P/S | 1.42 | ||
| P/FCF | 21.77 | ||
| P/OCF | 14.72 | ||
| P/B | 1.43 | ||
| P/tB | 2.32 | ||
| EV/EBITDA | 11.05 |
EPS(TTM)0.31
EY5.95%
EPS(NY)0.35
Fwd EY6.7%
FCF(TTM)0.24
FCFY4.59%
OCF(TTM)0.35
OCFY6.79%
SpS3.67
BVpS3.64
TBVpS2.24
PEG (NY)N/A
PEG (5Y)1.51
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.