NOKIA CORP-SPON ADR (NOK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NOK - US6549022043 - ADR
6.58 USD
-0.03 (-0.45%)
Overall NOK gets a fundamental rating of 5 out of 10. We evaluated NOK against 48 industry peers in the Communications Equipment industry. Both the profitability and the financial health of NOK get a neutral evaluation. Nothing too spectacular is happening here. NOK has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- NOK had positive earnings in the past year.
- NOK had a positive operating cash flow in the past year.
- Of the past 5 years NOK 4 years were profitable.
- Each year in the past 5 years NOK had a positive operating cash flow.
1.2 Ratios
- NOK has a Return On Assets of 2.57%. This is in the better half of the industry: NOK outperforms 68.75% of its industry peers.
- NOK has a Return On Equity of 4.74%. This is in the better half of the industry: NOK outperforms 64.58% of its industry peers.
- NOK has a Return On Invested Capital of 2.84%. This is comparable to the rest of the industry: NOK outperforms 56.25% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for NOK is significantly below the industry average of 12.15%.
| 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
- NOK's Profit Margin of 4.70% is fine compared to the rest of the industry. NOK outperforms 66.67% of its industry peers.
- In the last couple of years the Profit Margin of NOK has grown nicely.
- NOK has a better Operating Margin (6.02%) than 64.58% of its industry peers.
- NOK's Operating Margin has improved in the last couple of years.
- The Gross Margin of NOK (43.88%) is comparable to the rest of the industry.
- NOK's Gross Margin has improved in the last couple of years.
| 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
- NOK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- NOK has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for NOK has been reduced compared to 5 years ago.
- The debt/assets ratio for NOK has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.59 indicates that NOK is not a great score, but indicates only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.59, NOK is in the better half of the industry, outperforming 60.42% of the companies in the same industry.
- The Debt to FCF ratio of NOK is 3.16, which is a good value as it means it would take NOK, 3.16 years of fcf income to pay off all of its debts.
- NOK's Debt to FCF ratio of 3.16 is in line compared to the rest of the industry. NOK outperforms 58.33% of its industry peers.
- NOK has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
- With a Debt to Equity ratio value of 0.16, NOK perfoms like the industry average, outperforming 47.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 2.59 |
ROIC/WACC0.37
WACC7.73%
2.3 Liquidity
- NOK has a Current Ratio of 1.48. This is a normal value and indicates that NOK is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.48, NOK is doing worse than 72.92% of the companies in the same industry.
- A Quick Ratio of 1.23 indicates that NOK should not have too much problems paying its short term obligations.
- The Quick ratio of NOK (1.23) is worse than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
- NOK shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
- The Earnings Per Share has been growing by 11.14% on average over the past years. This is quite good.
- The Revenue has been growing slightly by 3.04% in the past year.
- Measured over the past years, NOK shows a decrease in Revenue. The Revenue has been decreasing by -3.79% on average per year.
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
- The Earnings Per Share is expected to grow by 0.01% on average over the next years.
- NOK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.85% yearly.
EPS Next Y-28.02%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
EPS Next 5Y0.01%
Revenue Next Year4.09%
Revenue Next 2Y4.03%
Revenue Next 3Y3.74%
Revenue Next 5Y2.85%
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
- A Price/Earnings ratio of 18.28 indicates a rather expensive valuation of NOK.
- Based on the Price/Earnings ratio, NOK is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 27.54. NOK is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 16.45, the valuation of NOK can be described as correct.
- Based on the Price/Forward Earnings ratio, NOK is valued a bit cheaper than the industry average as 79.17% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of NOK to the average of the S&P500 Index (24.31), we can say NOK is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.28 | ||
| Fwd PE | 16.45 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NOK indicates a somewhat cheap valuation: NOK is cheaper than 75.00% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, NOK is valued a bit cheaper than the industry average as 64.58% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.37 | ||
| EV/EBITDA | 12.51 |
4.3 Compensation for Growth
- NOK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.64
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.51%, NOK has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 0.77, NOK pays a better dividend. On top of this NOK pays more dividend than 87.50% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.92, NOK pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
- NOK has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of NOK decreased in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 81.90% of the earnings are spent on dividend by NOK. This is not a sustainable payout ratio.
DP81.9%
EPS Next 2Y-5.57%
EPS Next 3Y0.02%
NYSE:NOK (1/16/2026, 10:41:06 AM)
6.58
-0.03 (-0.45%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)10-23 2025-10-23/bmo
Earnings (Next)01-29 2026-01-29/amc
Inst Owners34.4%
Inst Owner Change0.04%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap36.49B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts71.11
Price Target6.69 (1.67%)
Short Float %0.68%
Short Ratio0.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
Yearly Dividend0.07
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)2.66%
PT rev (3m)23.37%
EPS NQ rev (1m)-0.57%
EPS NQ rev (3m)-2.73%
EPS NY rev (1m)2.2%
EPS NY rev (3m)1.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.72%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.28 | ||
| Fwd PE | 16.45 | ||
| P/S | 1.59 | ||
| P/FCF | 24.37 | ||
| P/OCF | 16.49 | ||
| P/B | 1.6 | ||
| P/tB | 2.6 | ||
| EV/EBITDA | 12.51 |
EPS(TTM)0.36
EY5.47%
EPS(NY)0.4
Fwd EY6.08%
FCF(TTM)0.27
FCFY4.1%
OCF(TTM)0.4
OCFY6.07%
SpS4.14
BVpS4.1
TBVpS2.53
PEG (NY)N/A
PEG (5Y)1.64
Graham Number5.77
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 | 2.59 |
F-Score7
WACC7.73%
ROIC/WACC0.37
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 5Y0.01%
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 5Y2.85%
EBIT growth 1Y-28.3%
EBIT growth 3Y-7.39%
EBIT growth 5Y10.19%
EBIT Next Year8.19%
EBIT Next 3Y12.97%
EBIT Next 5Y9.23%
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 CORP-SPON ADR / NOK FAQ
Can you provide the ChartMill fundamental rating for NOKIA CORP-SPON ADR?
ChartMill assigns a fundamental rating of 5 / 10 to NOK.
What is the valuation status for NOK stock?
ChartMill assigns a valuation rating of 5 / 10 to NOKIA CORP-SPON ADR (NOK). This can be considered as Fairly Valued.
Can you provide the profitability details for NOKIA CORP-SPON ADR?
NOKIA CORP-SPON ADR (NOK) has a profitability rating of 6 / 10.
What are the PE and PB ratios of NOKIA CORP-SPON ADR (NOK) stock?
The Price/Earnings (PE) ratio for NOKIA CORP-SPON ADR (NOK) is 18.28 and the Price/Book (PB) ratio is 1.6.
Is the dividend of NOKIA CORP-SPON ADR sustainable?
The dividend rating of NOKIA CORP-SPON ADR (NOK) is 4 / 10 and the dividend payout ratio is 81.9%.