NOKIA OYJ (1NOKIA.MI) Fundamental Analysis & Valuation
BIT:1NOKIA • FI0009000681
Current stock price
6.826 EUR
+0.12 (+1.76%)
Last:
This 1NOKIA.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. 1NOKIA.MI Profitability Analysis
1.1 Basic Checks
- In the past year 1NOKIA was profitable.
- 1NOKIA had a positive operating cash flow in the past year.
- Each year in the past 5 years 1NOKIA has been profitable.
- Each year in the past 5 years 1NOKIA had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 1.73%, 1NOKIA perfoms like the industry average, outperforming 55.88% of the companies in the same industry.
- 1NOKIA's Return On Equity of 3.10% is in line compared to the rest of the industry. 1NOKIA outperforms 55.88% of its industry peers.
- 1NOKIA has a Return On Invested Capital (2.23%) which is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for 1NOKIA is significantly below the industry average of 10.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.1% | ||
| ROIC | 2.23% |
ROA(3y)2.22%
ROA(5y)4.12%
ROE(3y)4.17%
ROE(5y)8.36%
ROIC(3y)3.51%
ROIC(5y)4.47%
1.3 Margins
- The Profit Margin of 1NOKIA (3.27%) is better than 61.76% of its industry peers.
- In the last couple of years the Profit Margin of 1NOKIA has declined.
- With a Operating Margin value of 4.08%, 1NOKIA perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
- 1NOKIA's Operating Margin has declined in the last couple of years.
- 1NOKIA has a Gross Margin (43.54%) which is comparable to the rest of the industry.
- 1NOKIA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.08% | ||
| PM (TTM) | 3.27% | ||
| GM | 43.54% |
OM growth 3Y-23.64%
OM growth 5Y-5.02%
PM growth 3Y-42.32%
PM growth 5YN/A
GM growth 3Y1.99%
GM growth 5Y3.03%
2. 1NOKIA.MI Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1NOKIA is destroying value.
- The number of shares outstanding for 1NOKIA has been increased compared to 1 year ago.
- Compared to 5 years ago, 1NOKIA has less shares outstanding
- The debt/assets ratio for 1NOKIA has been reduced compared to a year ago.
2.2 Solvency
- 1NOKIA has an Altman-Z score of 2.81. 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.
- Looking at the Altman-Z score, with a value of 2.81, 1NOKIA is in line with its industry, outperforming 52.94% of the companies in the same industry.
- The Debt to FCF ratio of 1NOKIA is 3.01, which is a good value as it means it would take 1NOKIA, 3.01 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of 1NOKIA (3.01) is better than 61.76% of its industry peers.
- 1NOKIA has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
- 1NOKIA has a Debt to Equity ratio of 0.15. This is in the better half of the industry: 1NOKIA outperforms 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.81 |
ROIC/WACC0.28
WACC8.1%
2.3 Liquidity
- A Current Ratio of 1.58 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.58, 1NOKIA is in line with its industry, outperforming 47.06% of the companies in the same industry.
- A Quick Ratio of 1.36 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- 1NOKIA has a Quick ratio of 1.36. This is in the better half of the industry: 1NOKIA outperforms 61.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 |
3. 1NOKIA.MI Growth Analysis
3.1 Past
- 1NOKIA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.64%.
- Measured over the past 5 years, 1NOKIA shows a small growth in Earnings Per Share. The EPS has been growing by 2.21% on average per year.
- 1NOKIA shows a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
- 1NOKIA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.86% yearly.
EPS 1Y (TTM)-25.64%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%-11.11%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
3.2 Future
- 1NOKIA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.57% yearly.
- The Revenue is expected to grow by 2.99% on average over the next years.
EPS Next Y10.83%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
EPS Next 5Y8.57%
Revenue Next Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.75%
Revenue Next 5Y2.99%
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 accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. 1NOKIA.MI Valuation Analysis
4.1 Price/Earnings Ratio
- 1NOKIA is valuated rather expensively with a Price/Earnings ratio of 23.54.
- 1NOKIA's Price/Earnings ratio is a bit cheaper when compared to the industry. 1NOKIA is cheaper than 79.41% of the companies in the same industry.
- 1NOKIA is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.70, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 21.24 indicates a rather expensive valuation of 1NOKIA.
- Based on the Price/Forward Earnings ratio, 1NOKIA is valued a bit cheaper than 67.65% of the companies in the same industry.
- 1NOKIA's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.54 | ||
| Fwd PE | 21.24 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, 1NOKIA is valued a bit cheaper than 67.65% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, 1NOKIA is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.01 | ||
| EV/EBITDA | 17.84 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1NOKIA does not grow enough to justify the current Price/Earnings ratio.
- A more expensive valuation may be justified as 1NOKIA's earnings are expected to grow with 12.92% in the coming years.
PEG (NY)2.17
PEG (5Y)10.66
EPS Next 2Y13.25%
EPS Next 3Y12.92%
5. 1NOKIA.MI Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.96%, 1NOKIA has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.33, 1NOKIA pays a bit more dividend than its industry peers.
- 1NOKIA's Dividend Yield is comparable with the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 116.59% of the earnings are spent on dividend by 1NOKIA. This is not a sustainable payout ratio.
DP116.59%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
1NOKIA.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:1NOKIA (3/11/2026, 7:00:00 PM)
6.826
+0.12 (+1.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29 2026-01-29/bmo
Earnings (Next)04-23 2026-04-23
Inst Owners33.81%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap38.11B
Revenue(TTM)19.89B
Net Income(TTM)651.00M
Analysts72.43
Price Target5.88 (-13.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP116.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.86%
Min EPS beat(2)5.01%
Max EPS beat(2)16.71%
EPS beat(4)2
Avg EPS beat(4)-7.56%
Min EPS beat(4)-27.18%
Max EPS beat(4)16.71%
EPS beat(8)5
Avg EPS beat(8)0.08%
EPS beat(12)5
Avg EPS beat(12)-4.59%
EPS beat(16)9
Avg EPS beat(16)-1.48%
Revenue beat(2)1
Avg Revenue beat(2)-0.94%
Min Revenue beat(2)-2.67%
Max Revenue beat(2)0.79%
Revenue beat(4)1
Avg Revenue beat(4)-3.35%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)0.79%
Revenue beat(8)2
Avg Revenue beat(8)-5.29%
Revenue beat(12)2
Avg Revenue beat(12)-6.27%
Revenue beat(16)4
Avg Revenue beat(16)-4.57%
PT rev (1m)0.44%
PT rev (3m)4.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25.17%
EPS NY rev (1m)-3.45%
EPS NY rev (3m)-6.89%
Revenue NQ rev (1m)-0.52%
Revenue NQ rev (3m)-4.87%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.54 | ||
| Fwd PE | 21.24 | ||
| P/S | 1.92 | ||
| P/FCF | 26.01 | ||
| P/OCF | 18.4 | ||
| P/B | 1.82 | ||
| P/tB | 2.81 | ||
| EV/EBITDA | 17.84 |
EPS(TTM)0.29
EY4.25%
EPS(NY)0.32
Fwd EY4.71%
FCF(TTM)0.26
FCFY3.84%
OCF(TTM)0.37
OCFY5.43%
SpS3.56
BVpS3.76
TBVpS2.43
PEG (NY)2.17
PEG (5Y)10.66
Graham Number4.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.1% | ||
| ROCE | 2.94% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.95% | ||
| ROICexgc | 4.58% | ||
| OM | 4.08% | ||
| PM (TTM) | 3.27% | ||
| GM | 43.54% | ||
| FCFM | 7.37% |
ROA(3y)2.22%
ROA(5y)4.12%
ROE(3y)4.17%
ROE(5y)8.36%
ROIC(3y)3.51%
ROIC(5y)4.47%
ROICexc(3y)4.95%
ROICexc(5y)6.48%
ROICexgc(3y)7.49%
ROICexgc(5y)9.95%
ROCE(3y)4.63%
ROCE(5y)5.91%
ROICexgc growth 3Y-28.05%
ROICexgc growth 5Y-13.73%
ROICexc growth 3Y-28.96%
ROICexc growth 5Y-11.41%
OM growth 3Y-23.64%
OM growth 5Y-5.02%
PM growth 3Y-42.32%
PM growth 5YN/A
GM growth 3Y1.99%
GM growth 5Y3.03%
F-Score5
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Debt/EBITDA | 1.62 | ||
| Cap/Depr | 54.16% | ||
| Cap/Sales | 3.05% | ||
| Interest Coverage | 3.83 | ||
| Cash Conversion | 107.25% | ||
| Profit Quality | 225.04% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.81 |
F-Score5
WACC8.1%
ROIC/WACC0.28
Cap/Depr(3y)53.56%
Cap/Depr(5y)52.91%
Cap/Sales(3y)2.86%
Cap/Sales(5y)2.7%
Profit Quality(3y)161.1%
Profit Quality(5y)126.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.64%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%-11.11%
EPS Next Y10.83%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
EPS Next 5Y8.57%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
Revenue Next Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.75%
Revenue Next 5Y2.99%
EBIT growth 1Y-59.94%
EBIT growth 3Y-29.16%
EBIT growth 5Y-6.79%
EBIT Next Year53.65%
EBIT Next 3Y24.04%
EBIT Next 5Y15.29%
FCF growth 1Y-27.51%
FCF growth 3Y18.83%
FCF growth 5Y2.74%
OCF growth 1Y-16.93%
OCF growth 3Y12%
OCF growth 5Y3.32%
NOKIA OYJ / 1NOKIA.MI Fundamental Analysis FAQ
What is the ChartMill fundamental rating of NOKIA OYJ (1NOKIA.MI) stock?
ChartMill assigns a fundamental rating of 4 / 10 to 1NOKIA.MI.
What is the valuation status for 1NOKIA stock?
ChartMill assigns a valuation rating of 4 / 10 to NOKIA OYJ (1NOKIA.MI). This can be considered as Fairly Valued.
What is the profitability of 1NOKIA stock?
NOKIA OYJ (1NOKIA.MI) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for 1NOKIA stock?
The Price/Earnings (PE) ratio for NOKIA OYJ (1NOKIA.MI) is 23.54 and the Price/Book (PB) ratio is 1.82.
Is the dividend of NOKIA OYJ sustainable?
The dividend rating of NOKIA OYJ (1NOKIA.MI) is 2 / 10 and the dividend payout ratio is 116.59%.