NOKIA OYJ (1NOKIA.MI) Stock Fundamental Analysis
Europe - BIT:1NOKIA - FI0009000681 - Common Stock
4.485 EUR
+0.09 (+2.14%)
Overall 1NOKIA gets a fundamental rating of 5 out of 10. We evaluated 1NOKIA against 29 industry peers in the Communications Equipment industry. Both the profitability and the financial health of 1NOKIA get a neutral evaluation. Nothing too spectacular is happening here. 1NOKIA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year 1NOKIA was profitable.
In the past year 1NOKIA had a positive cash flow from operations.
Of the past 5 years 1NOKIA 4 years were profitable.
In the past 5 years 1NOKIA always reported a positive cash flow from operatings.
1.2 Ratios
1NOKIA has a Return On Assets of 2.83%. This is in the better half of the industry: 1NOKIA outperforms 65.52% of its industry peers.
1NOKIA has a Return On Equity of 5.17%. This is in the better half of the industry: 1NOKIA outperforms 65.52% of its industry peers.
1NOKIA has a better Return On Invested Capital (2.89%) than 62.07% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 1NOKIA is significantly below the industry average of 11.63%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.17% | ||
| ROIC | 2.89% |
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 (5.30%) is better than 68.97% of its industry peers.
1NOKIA's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.21%, 1NOKIA is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
In the last couple of years the Operating Margin of 1NOKIA has grown nicely.
The Gross Margin of 1NOKIA (44.23%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of 1NOKIA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.21% | ||
| PM (TTM) | 5.3% | ||
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 1NOKIA 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.
The debt/assets ratio for 1NOKIA has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.31 indicates that 1NOKIA is not a great score, but indicates only limited risk for bankruptcy at the moment.
1NOKIA has a Altman-Z score (2.31) which is comparable to the rest of the industry.
1NOKIA has a debt to FCF ratio of 2.77. This is a good value and a sign of high solvency as 1NOKIA would need 2.77 years to pay back of all of its debts.
1NOKIA has a Debt to FCF ratio of 2.77. This is in the better half of the industry: 1NOKIA outperforms 68.97% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that 1NOKIA is not too dependend on debt financing.
1NOKIA has a Debt to Equity ratio of 0.16. This is in the better half of the industry: 1NOKIA outperforms 75.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.77 | ||
| Altman-Z | 2.31 |
ROIC/WACC0.41
WACC6.96%
2.3 Liquidity
1NOKIA has a Current Ratio of 1.46. This is a normal value and indicates that 1NOKIA is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.46, 1NOKIA perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
A Quick Ratio of 1.21 indicates that 1NOKIA should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.21, 1NOKIA is in line with its industry, outperforming 44.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
1NOKIA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.33%.
Measured over the past years, 1NOKIA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.14% on average per year.
1NOKIA shows a decrease in Revenue. In the last year, the revenue decreased by -2.91%.
Measured over the past years, 1NOKIA shows a decrease in Revenue. The Revenue has been decreasing by -3.79% on average per year.
EPS 1Y (TTM)3.33%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)-2.91%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%1.79%
3.2 Future
Based on estimates for the next years, 1NOKIA will show a decrease in Earnings Per Share. The EPS will decrease by -1.04% on average per year.
The Revenue is expected to grow by 2.53% on average over the next years.
EPS Next Y-30.06%
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
EPS Next 5Y-1.04%
Revenue Next Year3.32%
Revenue Next 2Y3.45%
Revenue Next 3Y3.06%
Revenue Next 5Y2.53%
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 14.47, which indicates a correct valuation of 1NOKIA.
Based on the Price/Earnings ratio, 1NOKIA is valued cheaply inside the industry as 89.66% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.35, 1NOKIA is valued a bit cheaper.
The Price/Forward Earnings ratio is 13.14, which indicates a correct valuation of 1NOKIA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 1NOKIA indicates a rather cheap valuation: 1NOKIA is cheaper than 82.76% of the companies listed in the same industry.
1NOKIA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.47 | ||
| Fwd PE | 13.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, 1NOKIA is valued a bit cheaper than 79.31% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1NOKIA indicates a somewhat cheap valuation: 1NOKIA is cheaper than 65.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.29 | ||
| EV/EBITDA | 9.27 |
4.3 Compensation for Growth
The decent profitability rating of 1NOKIA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.3
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
5. Dividend
5.1 Amount
1NOKIA has a Yearly Dividend Yield of 3.15%.
1NOKIA's Dividend Yield is a higher than the industry average which is at 5.78.
Compared to an average S&P500 Dividend Yield of 2.44, 1NOKIA pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
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
69.51% of the earnings are spent on dividend by 1NOKIA. This is not a sustainable payout ratio.
The Dividend Rate of 1NOKIA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP69.51%
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
BIT:1NOKIA (10/13/2025, 7:00:00 PM)
4.485
+0.09 (+2.14%)
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 Cap24.13B
Analysts71.67
Price Target4.63 (3.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Yearly Dividend0.13
Dividend Growth(5Y)5.44%
DP69.51%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.98%
Min EPS beat(2)-27.18%
Max EPS beat(2)-24.77%
EPS beat(4)1
Avg EPS beat(4)-9.74%
Min EPS beat(4)-27.18%
Max EPS beat(4)30.42%
EPS beat(8)3
Avg EPS beat(8)-6.28%
EPS beat(12)5
Avg EPS beat(12)-5%
EPS beat(16)9
Avg EPS beat(16)-1.1%
Revenue beat(2)0
Avg Revenue beat(2)-5.77%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)-3.71%
Revenue beat(4)1
Avg Revenue beat(4)-5.52%
Min Revenue beat(4)-11.71%
Max Revenue beat(4)1.17%
Revenue beat(8)1
Avg Revenue beat(8)-8.3%
Revenue beat(12)2
Avg Revenue beat(12)-5.98%
Revenue beat(16)3
Avg Revenue beat(16)-4.86%
PT rev (1m)0.3%
PT rev (3m)-6.36%
EPS NQ rev (1m)-3.66%
EPS NQ rev (3m)-21.02%
EPS NY rev (1m)-2.09%
EPS NY rev (3m)-15.71%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-3.62%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-2.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.47 | ||
| Fwd PE | 13.14 | ||
| P/S | 1.25 | ||
| P/FCF | 16.29 | ||
| P/OCF | 11.85 | ||
| P/B | 1.22 | ||
| P/tB | 1.99 | ||
| EV/EBITDA | 9.27 |
EPS(TTM)0.31
EY6.91%
EPS(NY)0.34
Fwd EY7.61%
FCF(TTM)0.28
FCFY6.14%
OCF(TTM)0.38
OCFY8.44%
SpS3.58
BVpS3.67
TBVpS2.26
PEG (NY)N/A
PEG (5Y)1.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.17% | ||
| ROCE | 4.56% | ||
| ROIC | 2.89% | ||
| ROICexc | 3.76% | ||
| ROICexgc | 6.03% | ||
| OM | 6.21% | ||
| PM (TTM) | 5.3% | ||
| GM | 44.23% | ||
| FCFM | 7.7% |
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-Score8
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 2.77 | ||
| Debt/EBITDA | 1.41 | ||
| Cap/Depr | 53.68% | ||
| Cap/Sales | 2.88% | ||
| Interest Coverage | 4.88 | ||
| Cash Conversion | 91.3% | ||
| Profit Quality | 145.2% | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.31 |
F-Score8
WACC6.96%
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)3.33%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%-33.33%
EPS Next Y-30.06%
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
EPS Next 5Y-1.04%
Revenue 1Y (TTM)-2.91%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%1.79%
Revenue Next Year3.32%
Revenue Next 2Y3.45%
Revenue Next 3Y3.06%
Revenue Next 5Y2.53%
EBIT growth 1Y-26.17%
EBIT growth 3Y-7.82%
EBIT growth 5Y9.88%
EBIT Next Year10.01%
EBIT Next 3Y12.49%
EBIT Next 5Y8.23%
FCF growth 1Y3797.37%
FCF growth 3Y-0.72%
FCF growth 5YN/A
OCF growth 1Y187.57%
OCF growth 3Y-1.71%
OCF growth 5Y44.92%