NOKIA OYJ (1NOKIA.MI) Stock Fundamental Analysis
BIT:1NOKIA - Euronext Milan - FI0009000681 - Common Stock - Currency: EUR
1NOKIA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 23 industry peers in the Communications Equipment industry. 1NOKIA has only an average score on both its financial health and profitability. 1NOKIA has a valuation in line with the averages, 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.
Each year in the past 5 years 1NOKIA had a positive operating cash flow.
1.2 Ratios
1NOKIA has a better Return On Assets (2.00%) than 69.57% of its industry peers.
1NOKIA has a better Return On Equity (3.79%) than 69.57% of its industry peers.
1NOKIA's Return On Invested Capital of 3.60% is fine compared to the rest of the industry. 1NOKIA outperforms 60.87% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 1NOKIA is below the industry average of 8.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2% | ||
| ROE | 3.79% | ||
| ROIC | 3.6% |
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
The Profit Margin of 1NOKIA (4.10%) is better than 69.57% of its industry peers.
In the last couple of years the Profit Margin of 1NOKIA has grown nicely.
1NOKIA has a better Operating Margin (8.08%) than 65.22% of its industry peers.
1NOKIA's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 44.23%, 1NOKIA is in line with its industry, outperforming 47.83% of the companies in the same industry.
In the last couple of years the Gross Margin of 1NOKIA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.08% | ||
| PM (TTM) | 4.1% | ||
| 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
1NOKIA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
1NOKIA has less shares outstanding than it did 1 year ago.
The number of shares outstanding for 1NOKIA has been reduced compared to 5 years ago.
Compared to 1 year ago, 1NOKIA has an improved debt to assets ratio.
2.2 Solvency
1NOKIA has an Altman-Z score of 2.15. 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 of 2.15. This is in the better half of the industry: 1NOKIA outperforms 69.57% of its industry peers.
The Debt to FCF ratio of 1NOKIA is 2.83, which is a good value as it means it would take 1NOKIA, 2.83 years of fcf income to pay off all of its debts.
1NOKIA has a better Debt to FCF ratio (2.83) than 60.87% of its industry peers.
1NOKIA has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.14, 1NOKIA is in the better half of the industry, outperforming 69.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.83 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.52
WACC6.87%
2.3 Liquidity
1NOKIA has a Current 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.
Looking at the Current ratio, with a value of 1.36, 1NOKIA is doing worse than 65.22% of the companies in the same industry.
A Quick Ratio of 1.15 indicates that 1NOKIA should not have too much problems paying its short term obligations.
1NOKIA has a Quick ratio of 1.15. This is in the lower half of the industry: 1NOKIA underperforms 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.45% over the past year.
1NOKIA 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, 1NOKIA shows a decrease in Revenue. The Revenue has decreased by -9.02% in the last year.
The Revenue has been decreasing by -3.79% on average over the past years.
EPS 1Y (TTM)6.45%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)-9.02%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%-5.94%
3.2 Future
1NOKIA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.49% yearly.
1NOKIA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.77% yearly.
EPS Next Y-17.02%
EPS Next 2Y-2.97%
EPS Next 3Y0.5%
EPS Next 5Y0.49%
Revenue Next Year6.48%
Revenue Next 2Y4.93%
Revenue Next 3Y3.99%
Revenue Next 5Y2.77%
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 13.90 indicates a correct valuation of 1NOKIA.
82.61% of the companies in the same industry are more expensive than 1NOKIA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of 1NOKIA to the average of the S&P500 Index (26.34), we can say 1NOKIA is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.49, the valuation of 1NOKIA can be described as correct.
Based on the Price/Forward Earnings ratio, 1NOKIA is valued cheaper than 82.61% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, 1NOKIA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.9 | ||
| Fwd PE | 12.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1NOKIA indicates a somewhat cheap valuation: 1NOKIA is cheaper than 65.22% of the companies listed in the same industry.
60.87% of the companies in the same industry are more expensive than 1NOKIA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.83 | ||
| EV/EBITDA | 8.14 |
4.3 Compensation for Growth
The decent profitability rating of 1NOKIA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.25
EPS Next 2Y-2.97%
EPS Next 3Y0.5%
5. Dividend
5.1 Amount
1NOKIA has a Yearly Dividend Yield of 3.06%.
1NOKIA's Dividend Yield is rather good when compared to the industry average which is at 5.07. 1NOKIA pays more dividend than 86.96% of the companies in the same industry.
1NOKIA's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.06% |
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
1NOKIA pays out 91.46% of its income as dividend. This is not a sustainable payout ratio.
The dividend of 1NOKIA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP91.46%
EPS Next 2Y-2.97%
EPS Next 3Y0.5%
BIT:1NOKIA (6/12/2025, 7:00:00 PM)
4.586
-0.16 (-3.37%)
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 Cap24.72B
Analysts70.56
Price Target4.97 (8.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.06% |
Yearly Dividend0.13
Dividend Growth(5Y)5.44%
DP91.46%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.62%
Min EPS beat(2)-27.18%
Max EPS beat(2)30.42%
EPS beat(4)2
Avg EPS beat(4)-2.5%
Min EPS beat(4)-27.18%
Max EPS beat(4)30.42%
EPS beat(8)3
Avg EPS beat(8)-4.29%
EPS beat(12)6
Avg EPS beat(12)-1.77%
EPS beat(16)10
Avg EPS beat(16)6.47%
Revenue beat(2)1
Avg Revenue beat(2)-1.27%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)1.17%
Revenue beat(4)1
Avg Revenue beat(4)-5.83%
Min Revenue beat(4)-11.71%
Max Revenue beat(4)1.17%
Revenue beat(8)1
Avg Revenue beat(8)-8.12%
Revenue beat(12)3
Avg Revenue beat(12)-5.18%
Revenue beat(16)4
Avg Revenue beat(16)-4.36%
PT rev (1m)0.52%
PT rev (3m)-0.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.9 | ||
| Fwd PE | 12.49 | ||
| P/S | 1.29 | ||
| P/FCF | 13.83 | ||
| P/OCF | 10.67 | ||
| P/B | 1.19 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 8.14 |
EPS(TTM)0.33
EY7.2%
EPS(NY)0.37
Fwd EY8.01%
FCF(TTM)0.33
FCFY7.23%
OCF(TTM)0.43
OCFY9.37%
SpS3.56
BVpS3.85
TBVpS2.34
PEG (NY)N/A
PEG (5Y)1.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2% | ||
| ROE | 3.79% | ||
| ROCE | 5.68% | ||
| ROIC | 3.6% | ||
| ROICexc | 4.9% | ||
| ROICexgc | 8.24% | ||
| OM | 8.08% | ||
| PM (TTM) | 4.1% | ||
| GM | 44.23% | ||
| FCFM | 9.32% |
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-Score6
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 2.83 | ||
| Debt/EBITDA | 1.16 | ||
| Cap/Depr | 52.02% | ||
| Cap/Sales | 2.76% | ||
| Interest Coverage | 6.24 | ||
| Cash Conversion | 90.29% | ||
| Profit Quality | 227.64% | ||
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.15 |
F-Score6
WACC6.87%
ROIC/WACC0.52
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)6.45%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%-66.67%
EPS Next Y-17.02%
EPS Next 2Y-2.97%
EPS Next 3Y0.5%
EPS Next 5Y0.49%
Revenue 1Y (TTM)-9.02%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%-5.94%
Revenue Next Year6.48%
Revenue Next 2Y4.93%
Revenue Next 3Y3.99%
Revenue Next 5Y2.77%
EBIT growth 1Y-6.92%
EBIT growth 3Y-7.82%
EBIT growth 5Y9.88%
EBIT Next Year11.92%
EBIT Next 3Y12.52%
EBIT Next 5Y7.47%
FCF growth 1Y404.8%
FCF growth 3Y-0.72%
FCF growth 5YN/A
OCF growth 1Y132.06%
OCF growth 3Y-1.71%
OCF growth 5Y44.92%