NOKIA OYJ (NOA3.DE) Stock Fundamental Analysis
FRA:NOA3 • FI0009000681
5.906 EUR
+0.07 (+1.16%)
Last: Feb 13, 2026, 07:00 PM
NOA3 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 31 industry peers in the Communications Equipment industry. NOA3 has an average financial health and profitability rating. NOA3 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- NOA3 had positive earnings in the past year.
- NOA3 had a positive operating cash flow in the past year.
- In the past 5 years NOA3 has always been profitable.
- In the past 5 years NOA3 always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 1.73%, NOA3 perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
- NOA3 has a Return On Equity (3.10%) which is in line with its industry peers.
- NOA3's Return On Invested Capital of 2.23% is in line compared to the rest of the industry. NOA3 outperforms 56.67% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NOA3 is significantly below the industry average of 9.00%.
| 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
- Looking at the Profit Margin, with a value of 3.27%, NOA3 is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
- In the last couple of years the Profit Margin of NOA3 has declined.
- NOA3's Operating Margin of 4.08% is in line compared to the rest of the industry. NOA3 outperforms 60.00% of its industry peers.
- NOA3's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 43.54%, NOA3 is in line with its industry, outperforming 53.33% of the companies in the same industry.
- NOA3'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. Health
2.1 Basic Checks
- NOA3 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 NOA3 has been increased compared to 1 year ago.
- NOA3 has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for NOA3 has been reduced compared to a year ago.
2.2 Solvency
- NOA3 has an Altman-Z score of 2.63. This is not the best score and indicates that NOA3 is in the grey zone with still only limited risk for bankruptcy at the moment.
- NOA3 has a Altman-Z score of 2.63. This is comparable to the rest of the industry: NOA3 outperforms 56.67% of its industry peers.
- NOA3 has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as NOA3 would need 3.01 years to pay back of all of its debts.
- NOA3 has a Debt to FCF ratio of 3.01. This is comparable to the rest of the industry: NOA3 outperforms 60.00% of its industry peers.
- A Debt/Equity ratio of 0.15 indicates that NOA3 is not too dependend on debt financing.
- NOA3's Debt to Equity ratio of 0.15 is in line compared to the rest of the industry. NOA3 outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.63 |
ROIC/WACC0.29
WACC7.64%
2.3 Liquidity
- NOA3 has a Current Ratio of 1.58. This is a normal value and indicates that NOA3 is financially healthy and should not expect problems in meeting its short term obligations.
- NOA3 has a Current ratio (1.58) which is in line with its industry peers.
- NOA3 has a Quick Ratio of 1.36. This is a normal value and indicates that NOA3 is financially healthy and should not expect problems in meeting its short term obligations.
- NOA3's Quick ratio of 1.36 is in line compared to the rest of the industry. NOA3 outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
- The earnings per share for NOA3 have decreased strongly by -25.64% in the last year.
- The Earnings Per Share has been growing slightly by 2.21% on average over the past years.
- Looking at the last year, NOA3 shows a small growth in Revenue. The Revenue has grown by 2.29% in the last year.
- NOA3 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
- The Earnings Per Share is expected to grow by 8.09% on average over the next years. This is quite good.
- NOA3 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.64% yearly.
EPS Next Y14.79%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
EPS Next 5Y8.09%
Revenue Next Year3.98%
Revenue Next 2Y3.57%
Revenue Next 3Y3.57%
Revenue Next 5Y2.64%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 20.37, the valuation of NOA3 can be described as rather expensive.
- Based on the Price/Earnings ratio, NOA3 is valued cheaper than 83.33% of the companies in the same industry.
- NOA3's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.68.
- Based on the Price/Forward Earnings ratio of 17.74, the valuation of NOA3 can be described as rather expensive.
- NOA3's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NOA3 is cheaper than 80.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, NOA3 is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.37 | ||
| Fwd PE | 17.74 |
4.2 Price Multiples
- NOA3's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NOA3 is cheaper than 76.67% of the companies in the same industry.
- NOA3's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NOA3 is cheaper than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.51 | ||
| EV/EBITDA | 15.18 |
4.3 Compensation for Growth
- NOA3's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- NOA3's earnings are expected to grow with 15.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.38
PEG (5Y)9.22
EPS Next 2Y14.68%
EPS Next 3Y15.03%
5. Dividend
5.1 Amount
- NOA3 has a Yearly Dividend Yield of 2.40%.
- Compared to an average industry Dividend Yield of 2.57, NOA3 pays a better dividend. On top of this NOA3 pays more dividend than 83.33% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.84, NOA3 pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- NOA3 pays out 116.59% of its income as dividend. This is not a sustainable payout ratio.
DP116.59%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
FRA:NOA3 (2/13/2026, 7:00:00 PM)
5.906
+0.07 (+1.16%)
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 Owners34.4%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap32.97B
Revenue(TTM)19.89B
Net Income(TTM)651.00M
Analysts73.51
Price Target5.83 (-1.29%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP116.59%
Div Incr Years2
Div Non Decr Years2
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)3.43%
PT rev (3m)15.27%
EPS NQ rev (1m)-26%
EPS NQ rev (3m)-21.96%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.63%
Revenue NQ rev (1m)-4.98%
Revenue NQ rev (3m)-3.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.37 | ||
| Fwd PE | 17.74 | ||
| P/S | 1.66 | ||
| P/FCF | 22.51 | ||
| P/OCF | 15.92 | ||
| P/B | 1.57 | ||
| P/tB | 2.43 | ||
| EV/EBITDA | 15.18 |
EPS(TTM)0.29
EY4.91%
EPS(NY)0.33
Fwd EY5.64%
FCF(TTM)0.26
FCFY4.44%
OCF(TTM)0.37
OCFY6.28%
SpS3.56
BVpS3.76
TBVpS2.43
PEG (NY)1.38
PEG (5Y)9.22
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 | 2.63 |
F-Score5
WACC7.64%
ROIC/WACC0.29
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 Y14.79%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
EPS Next 5Y8.09%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
Revenue Next Year3.98%
Revenue Next 2Y3.57%
Revenue Next 3Y3.57%
Revenue Next 5Y2.64%
EBIT growth 1Y-59.94%
EBIT growth 3Y-29.16%
EBIT growth 5Y-6.79%
EBIT Next Year69.64%
EBIT Next 3Y31.38%
EBIT Next 5Y16.32%
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 / NOA3.DE FAQ
What is the fundamental rating for NOA3 stock?
ChartMill assigns a fundamental rating of 4 / 10 to NOA3.DE.
What is the valuation status of NOKIA OYJ (NOA3.DE) stock?
ChartMill assigns a valuation rating of 5 / 10 to NOKIA OYJ (NOA3.DE). This can be considered as Fairly Valued.
Can you provide the profitability details for NOKIA OYJ?
NOKIA OYJ (NOA3.DE) has a profitability rating of 4 / 10.
What are the PE and PB ratios of NOKIA OYJ (NOA3.DE) stock?
The Price/Earnings (PE) ratio for NOKIA OYJ (NOA3.DE) is 20.37 and the Price/Book (PB) ratio is 1.57.
Can you provide the dividend sustainability for NOA3 stock?
The dividend rating of NOKIA OYJ (NOA3.DE) is 3 / 10 and the dividend payout ratio is 116.59%.