NOKIA OYJ (1NOKIA.MI) Fundamental Analysis & Valuation
BIT:1NOKIA • FI0009000681
Current stock price
10.59 EUR
+0.18 (+1.68%)
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.
- In the past year 1NOKIA had a positive cash flow from operations.
- In the past 5 years 1NOKIA has always been profitable.
- In the past 5 years 1NOKIA always reported a positive cash flow from operatings.
1.2 Ratios
- 1NOKIA has a Return On Assets (2.10%) which is in line with its industry peers.
- 1NOKIA's Return On Equity of 3.69% is in line compared to the rest of the industry. 1NOKIA outperforms 56.25% of its industry peers.
- The Return On Invested Capital of 1NOKIA (2.48%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for 1NOKIA is significantly below the industry average of 11.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 3.69% | ||
| ROIC | 2.48% |
ROA(3y)2.22%
ROA(5y)4.12%
ROE(3y)4.17%
ROE(5y)8.36%
ROIC(3y)3.38%
ROIC(5y)4.35%
1.3 Margins
- 1NOKIA's Profit Margin of 3.91% is in line compared to the rest of the industry. 1NOKIA outperforms 56.25% of its industry peers.
- 1NOKIA's Profit Margin has declined in the last couple of years.
- 1NOKIA has a Operating Margin (4.54%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of 1NOKIA has declined.
- Looking at the Gross Margin, with a value of 44.12%, 1NOKIA is in line with its industry, outperforming 50.00% of the companies in the same industry.
- 1NOKIA's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.54% | ||
| PM (TTM) | 3.91% | ||
| GM | 44.12% |
OM growth 3Y-26.81%
OM growth 5Y-7.34%
PM growth 3Y-43.23%
PM growth 5YN/A
GM growth 3Y0.8%
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.
- The number of shares outstanding for 1NOKIA has been reduced compared to 5 years ago.
- 1NOKIA has a better debt/assets ratio than last year.
2.2 Solvency
- 1NOKIA has an Altman-Z score of 3.71. This indicates that 1NOKIA is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of 1NOKIA (3.71) is comparable to the rest of the industry.
- 1NOKIA has a debt to FCF ratio of 2.42. This is a good value and a sign of high solvency as 1NOKIA would need 2.42 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 2.42, 1NOKIA is in line with its industry, outperforming 59.38% of the companies in the same industry.
- A Debt/Equity ratio of 0.15 indicates that 1NOKIA is not too dependend on debt financing.
- 1NOKIA has a Debt to Equity ratio (0.15) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 2.42 | ||
| Altman-Z | 3.71 |
ROIC/WACC0.31
WACC8.06%
2.3 Liquidity
- A Current Ratio of 1.57 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- 1NOKIA's Current ratio of 1.57 is in line compared to the rest of the industry. 1NOKIA outperforms 40.63% of its industry peers.
- A Quick Ratio of 1.32 indicates that 1NOKIA should not have too much problems paying its short term obligations.
- The Quick ratio of 1NOKIA (1.32) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.32 |
3. 1NOKIA.MI Growth Analysis
3.1 Past
- The earnings per share for 1NOKIA have decreased by -6.06% in the last year.
- 1NOKIA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.21% yearly.
- The Revenue has been growing slightly by 4.33% in the past year.
- Measured over the past years, 1NOKIA shows a decrease in Revenue. The Revenue has been decreasing by -1.86% on average per year.
EPS 1Y (TTM)-6.06%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%66.67%
Revenue 1Y (TTM)4.33%
Revenue growth 3Y-5.76%
Revenue growth 5Y-1.86%
Sales Q2Q%2.51%
3.2 Future
- Based on estimates for the next years, 1NOKIA will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.85% on average per year.
- Based on estimates for the next years, 1NOKIA will show a small growth in Revenue. The Revenue will grow by 2.56% on average per year.
EPS Next Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y11.85%
Revenue Next Year3.17%
Revenue Next 2Y3.64%
Revenue Next 3Y4.07%
Revenue Next 5Y2.56%
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
- With a Price/Earnings ratio of 34.16, 1NOKIA can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, 1NOKIA is valued a bit cheaper than 68.75% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.64. 1NOKIA is valued slightly more expensive when compared to this.
- 1NOKIA is valuated quite expensively with a Price/Forward Earnings ratio of 28.02.
- Based on the Price/Forward Earnings ratio, 1NOKIA is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 21.36. 1NOKIA is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.16 | ||
| Fwd PE | 28.02 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1NOKIA is on the same level as its industry peers.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1NOKIA is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.29 | ||
| EV/EBITDA | 28.82 |
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.
- 1NOKIA's earnings are expected to grow with 13.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.78
PEG (5Y)15.47
EPS Next 2Y14.17%
EPS Next 3Y13.89%
5. 1NOKIA.MI Dividend Analysis
5.1 Amount
- 1NOKIA has a Yearly Dividend Yield of 1.32%.
- 1NOKIA's Dividend Yield is a higher than the industry average which is at 2.13.
- 1NOKIA's Dividend Yield is slightly below the S&P500 average, which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
5.2 History
- The dividend of 1NOKIA is nicely growing with an annual growth rate of 39.33%!
Dividend Growth(5Y)39.33%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 1NOKIA pays out 97.95% of its income as dividend. This is not a sustainable payout ratio.
- 1NOKIA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP97.95%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
1NOKIA.MI Fundamentals: All Metrics, Ratios and Statistics
BIT:1NOKIA (4/30/2026, 7:00:00 PM)
10.59
+0.18 (+1.68%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)04-23 2026-04-23/bmo
Earnings (Next)07-23 2026-07-23
Inst Owners38.58%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap60.81B
Revenue(TTM)20.00B
Net Income(TTM)782.00M
Analysts68.65
Price Target7.61 (-28.14%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
Yearly Dividend0.14
Dividend Growth(5Y)39.33%
DP97.95%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.89%
Min EPS beat(2)5.01%
Max EPS beat(2)22.77%
EPS beat(4)3
Avg EPS beat(4)4.93%
Min EPS beat(4)-24.77%
Max EPS beat(4)22.77%
EPS beat(8)5
Avg EPS beat(8)1.21%
EPS beat(12)6
Avg EPS beat(12)-1.22%
EPS beat(16)9
Avg EPS beat(16)-0.09%
Revenue beat(2)0
Avg Revenue beat(2)-3.39%
Min Revenue beat(2)-4.11%
Max Revenue beat(2)-2.67%
Revenue beat(4)1
Avg Revenue beat(4)-3.45%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)0.79%
Revenue beat(8)2
Avg Revenue beat(8)-4.64%
Revenue beat(12)2
Avg Revenue beat(12)-6.57%
Revenue beat(16)3
Avg Revenue beat(16)-6.03%
PT rev (1m)29.4%
PT rev (3m)31.12%
EPS NQ rev (1m)7.2%
EPS NQ rev (3m)6.29%
EPS NY rev (1m)1.29%
EPS NY rev (3m)-2.2%
Revenue NQ rev (1m)0.79%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)-0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.16 | ||
| Fwd PE | 28.02 | ||
| P/S | 3.04 | ||
| P/FCF | 44.29 | ||
| P/OCF | 30.96 | ||
| P/B | 2.87 | ||
| P/tB | 4.43 | ||
| EV/EBITDA | 28.82 |
EPS(TTM)0.31
EY2.93%
EPS(NY)0.38
Fwd EY3.57%
FCF(TTM)0.24
FCFY2.26%
OCF(TTM)0.34
OCFY3.23%
SpS3.48
BVpS3.69
TBVpS2.39
PEG (NY)2.78
PEG (5Y)15.47
Graham Number5.0723 (-52.1%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 3.69% | ||
| ROCE | 3.28% | ||
| ROIC | 2.48% | ||
| ROICexc | 3.19% | ||
| ROICexgc | 4.88% | ||
| OM | 4.54% | ||
| PM (TTM) | 3.91% | ||
| GM | 44.12% | ||
| FCFM | 6.87% |
ROA(3y)2.22%
ROA(5y)4.12%
ROE(3y)4.17%
ROE(5y)8.36%
ROIC(3y)3.38%
ROIC(5y)4.35%
ROICexc(3y)4.79%
ROICexc(5y)6.3%
ROICexgc(3y)7.24%
ROICexgc(5y)9.68%
ROCE(3y)4.47%
ROCE(5y)5.74%
ROICexgc growth 3Y-29.94%
ROICexgc growth 5Y-15.83%
ROICexc growth 3Y-30.83%
ROICexc growth 5Y-13.58%
OM growth 3Y-26.81%
OM growth 5Y-7.34%
PM growth 3Y-43.23%
PM growth 5YN/A
GM growth 3Y0.8%
GM growth 5Y3.03%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 2.42 | ||
| Debt/EBITDA | 1.57 | ||
| Cap/Depr | 55.55% | ||
| Cap/Sales | 2.96% | ||
| Interest Coverage | 4.63 | ||
| Cash Conversion | 99.59% | ||
| Profit Quality | 175.58% | ||
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 3.71 |
F-Score6
WACC8.06%
ROIC/WACC0.31
Cap/Depr(3y)53.56%
Cap/Depr(5y)52.91%
Cap/Sales(3y)2.86%
Cap/Sales(5y)2.73%
Profit Quality(3y)161.1%
Profit Quality(5y)126.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.06%
EPS 3Y-12.3%
EPS 5Y2.21%
EPS Q2Q%66.67%
EPS Next Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y11.85%
Revenue 1Y (TTM)4.33%
Revenue growth 3Y-5.76%
Revenue growth 5Y-1.86%
Sales Q2Q%2.51%
Revenue Next Year3.17%
Revenue Next 2Y3.64%
Revenue Next 3Y4.07%
Revenue Next 5Y2.56%
EBIT growth 1Y-36.28%
EBIT growth 3Y-31.02%
EBIT growth 5Y-9.07%
EBIT Next Year51.48%
EBIT Next 3Y24.21%
EBIT Next 5Y16.48%
FCF growth 1Y-22.39%
FCF growth 3Y18.83%
FCF growth 5Y2.74%
OCF growth 1Y-14.65%
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 2 / 10 to NOKIA OYJ (1NOKIA.MI). This can be considered as Overvalued.
Can you provide the profitability details for NOKIA OYJ?
NOKIA OYJ (1NOKIA.MI) has a profitability rating of 4 / 10.
How financially healthy is NOKIA OYJ?
The financial health rating of NOKIA OYJ (1NOKIA.MI) is 5 / 10.
Can you provide the dividend sustainability for 1NOKIA stock?
The dividend rating of NOKIA OYJ (1NOKIA.MI) is 2 / 10 and the dividend payout ratio is 97.95%.