NOKIA OYJ (NOA3.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:NOA3 - FI0009000681 - Common Stock
5.536 EUR
+0.02 (+0.4%)
Overall NOA3 gets a fundamental rating of 5 out of 10. We evaluated NOA3 against 31 industry peers in the Communications Equipment industry. NOA3 has an average financial health and profitability rating. NOA3 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NOA3 was profitable.
In the past year NOA3 had a positive cash flow from operations.
NOA3 had positive earnings in 4 of the past 5 years.
Each year in the past 5 years NOA3 had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.57%, NOA3 is in the better half of the industry, outperforming 65.63% of the companies in the same industry.
NOA3 has a better Return On Equity (4.74%) than 62.50% of its industry peers.
With a Return On Invested Capital value of 2.84%, NOA3 perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NOA3 is significantly below the industry average of 9.92%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROIC | 2.84% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.06%
ROIC(5y)4.02%
1.3 Margins
Looking at the Profit Margin, with a value of 4.70%, NOA3 is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
NOA3's Profit Margin has improved in the last couple of years.
NOA3 has a Operating Margin (6.02%) which is comparable to the rest of the industry.
NOA3's Operating Margin has improved in the last couple of years.
NOA3 has a Gross Margin of 43.88%. This is comparable to the rest of the industry: NOA3 outperforms 50.00% of its industry peers.
In the last couple of years the Gross Margin of NOA3 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.02% | ||
| PM (TTM) | 4.7% | ||
| GM | 43.88% |
OM growth 3Y-2.82%
OM growth 5Y14.53%
PM growth 3Y-3.13%
PM growth 5Y194.44%
GM growth 3Y5.04%
GM growth 5Y5.25%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NOA3 is destroying value.
Compared to 1 year ago, NOA3 has less shares outstanding
NOA3 has less shares outstanding than it did 5 years ago.
NOA3 has a better debt/assets ratio than last year.
2.2 Solvency
NOA3 has an Altman-Z score of 2.56. 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.
With a Altman-Z score value of 2.56, NOA3 perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
NOA3 has a debt to FCF ratio of 3.16. This is a good value and a sign of high solvency as NOA3 would need 3.16 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.16, NOA3 is in line with its industry, outperforming 59.38% of the companies in the same industry.
NOA3 has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
NOA3 has a better Debt to Equity ratio (0.16) than 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 2.56 |
ROIC/WACC0.38
WACC7.53%
2.3 Liquidity
NOA3 has a Current Ratio of 1.48. 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 (1.48) which is comparable to the rest of the industry.
NOA3 has a Quick Ratio of 1.23. 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 Quick ratio of 1.23. This is comparable to the rest of the industry: NOA3 outperforms 43.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The earnings per share for NOA3 have decreased by 0.00% in the last year.
The Earnings Per Share has been growing by 11.14% on average over the past years. This is quite good.
Looking at the last year, NOA3 shows a small growth in Revenue. The Revenue has grown by 3.04% in the last year.
NOA3 shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.79% yearly.
EPS 1Y (TTM)0%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%0%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%11.6%
3.2 Future
Based on estimates for the next years, NOA3 will show a small growth in Earnings Per Share. The EPS will grow by 0.30% on average per year.
Based on estimates for the next years, NOA3 will show a small growth in Revenue. The Revenue will grow by 3.15% on average per year.
EPS Next Y-28.02%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
EPS Next 5Y0.3%
Revenue Next Year4.09%
Revenue Next 2Y4.03%
Revenue Next 3Y3.74%
Revenue Next 5Y3.15%
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.
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 17.86, the valuation of NOA3 can be described as rather expensive.
Based on the Price/Earnings ratio, NOA3 is valued cheaper than 81.25% of the companies in the same industry.
NOA3 is valuated rather cheaply when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 15.92, the valuation of NOA3 can be described as correct.
Based on the Price/Forward Earnings ratio, NOA3 is valued a bit cheaper than 75.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NOA3 to the average of the S&P500 Index (23.46), we can say NOA3 is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.86 | ||
| Fwd PE | 15.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOA3 indicates a somewhat cheap valuation: NOA3 is cheaper than 71.88% of the companies listed in the same industry.
NOA3's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NOA3 is cheaper than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.84 | ||
| EV/EBITDA | 12.14 |
4.3 Compensation for Growth
NOA3 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.6
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
5. Dividend
5.1 Amount
NOA3 has a Yearly Dividend Yield of 2.54%. Purely for dividend investing, there may be better candidates out there.
NOA3's Dividend Yield is rather good when compared to the industry average which is at 2.62. NOA3 pays more dividend than 87.50% of the companies in the same industry.
NOA3's Dividend Yield is a higher than the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
NOA3 pays out 81.90% of its income as dividend. This is not a sustainable payout ratio.
DP81.9%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
FRA:NOA3 (12/23/2025, 7:00:00 PM)
5.536
+0.02 (+0.4%)
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 Cap30.70B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts71.11
Price Target5.63 (1.7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.54% |
Yearly Dividend0.06
Dividend Growth(5Y)N/A
DP81.9%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.03%
Min EPS beat(2)-24.77%
Max EPS beat(2)16.71%
EPS beat(4)2
Avg EPS beat(4)-1.21%
Min EPS beat(4)-27.18%
Max EPS beat(4)30.42%
EPS beat(8)4
Avg EPS beat(8)-0.71%
EPS beat(12)5
Avg EPS beat(12)-3.87%
EPS beat(16)9
Avg EPS beat(16)-1.37%
Revenue beat(2)1
Avg Revenue beat(2)-3.52%
Min Revenue beat(2)-7.83%
Max Revenue beat(2)0.79%
Revenue beat(4)2
Avg Revenue beat(4)-2.39%
Min Revenue beat(4)-7.83%
Max Revenue beat(4)1.17%
Revenue beat(8)2
Avg Revenue beat(8)-6.37%
Revenue beat(12)3
Avg Revenue beat(12)-5.91%
Revenue beat(16)4
Avg Revenue beat(16)-4.64%
PT rev (1m)-1.72%
PT rev (3m)21.85%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)-1.08%
EPS NY rev (1m)3.04%
EPS NY rev (3m)2.92%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-0.65%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.86 | ||
| Fwd PE | 15.92 | ||
| P/S | 1.55 | ||
| P/FCF | 23.84 | ||
| P/OCF | 16.12 | ||
| P/B | 1.57 | ||
| P/tB | 2.54 | ||
| EV/EBITDA | 12.14 |
EPS(TTM)0.31
EY5.6%
EPS(NY)0.35
Fwd EY6.28%
FCF(TTM)0.23
FCFY4.2%
OCF(TTM)0.34
OCFY6.2%
SpS3.56
BVpS3.53
TBVpS2.18
PEG (NY)N/A
PEG (5Y)1.6
Graham Number4.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROCE | 4.51% | ||
| ROIC | 2.84% | ||
| ROICexc | 3.7% | ||
| ROICexgc | 5.87% | ||
| OM | 6.02% | ||
| PM (TTM) | 4.7% | ||
| GM | 43.88% | ||
| FCFM | 6.52% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.06%
ROIC(5y)4.02%
ROICexc(3y)5.84%
ROICexc(5y)5.9%
ROICexgc(3y)8.74%
ROICexgc(5y)9.29%
ROCE(3y)6.44%
ROCE(5y)6.38%
ROICexgc growth 3Y-10%
ROICexgc growth 5Y11.31%
ROICexc growth 3Y-8.21%
ROICexc growth 5Y12.5%
OM growth 3Y-2.82%
OM growth 5Y14.53%
PM growth 3Y-3.13%
PM growth 5Y194.44%
GM growth 3Y5.04%
GM growth 5Y5.25%
F-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Debt/EBITDA | 1.39 | ||
| Cap/Depr | 57.04% | ||
| Cap/Sales | 3.12% | ||
| Interest Coverage | 5.45 | ||
| Cash Conversion | 83.95% | ||
| Profit Quality | 138.79% | ||
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z | 2.56 |
F-Score7
WACC7.53%
ROIC/WACC0.38
Cap/Depr(3y)53.08%
Cap/Depr(5y)50.54%
Cap/Sales(3y)2.65%
Cap/Sales(5y)2.53%
Profit Quality(3y)92.93%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0%
EPS 3Y1.77%
EPS 5Y11.14%
EPS Q2Q%0%
EPS Next Y-28.02%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
EPS Next 5Y0.3%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%11.6%
Revenue Next Year4.09%
Revenue Next 2Y4.03%
Revenue Next 3Y3.74%
Revenue Next 5Y3.15%
EBIT growth 1Y-28.3%
EBIT growth 3Y-7.39%
EBIT growth 5Y10.19%
EBIT Next Year8.19%
EBIT Next 3Y12.97%
EBIT Next 5Y9.55%
FCF growth 1Y288.3%
FCF growth 3Y-0.72%
FCF growth 5YN/A
OCF growth 1Y13500%
OCF growth 3Y-1.71%
OCF growth 5Y44.92%
NOKIA OYJ / NOA3.DE FAQ
What is the fundamental rating for NOA3 stock?
ChartMill assigns a fundamental rating of 5 / 10 to NOA3.DE.
What is the valuation status for NOA3 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 6 / 10.
How financially healthy is NOKIA OYJ?
The financial health rating of NOKIA OYJ (NOA3.DE) is 5 / 10.
What is the earnings growth outlook for NOKIA OYJ?
The Earnings per Share (EPS) of NOKIA OYJ (NOA3.DE) is expected to decline by -28.02% in the next year.