NOKIA CORP-SPON ADR (NOK) Fundamental Analysis & Valuation

NYSE:NOK • US6549022043

Current stock price

10.4 USD
-0.2 (-1.89%)
At close:
10.46 USD
+0.06 (+0.58%)
After Hours:

This NOK fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. NOK Profitability Analysis

1.1 Basic Checks

  • NOK had positive earnings in the past year.
  • NOK had a positive operating cash flow in the past year.
  • NOK had positive earnings in each of the past 5 years.
  • NOK had a positive operating cash flow in each of the past 5 years.
NOK Yearly Net Income VS EBIT VS OCF VS FCFNOK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • With a Return On Assets value of 1.73%, NOK perfoms like the industry average, outperforming 58.70% of the companies in the same industry.
  • NOK has a Return On Equity of 3.10%. This is comparable to the rest of the industry: NOK outperforms 58.70% of its industry peers.
  • With a Return On Invested Capital value of 2.23%, NOK perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NOK is significantly below the industry average of 10.41%.
Industry RankSector 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)3.38%
ROIC(5y)4.4%
NOK Yearly ROA, ROE, ROICNOK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20

1.3 Margins

  • NOK has a Profit Margin of 3.27%. This is comparable to the rest of the industry: NOK outperforms 58.70% of its industry peers.
  • In the last couple of years the Profit Margin of NOK has declined.
  • NOK has a better Operating Margin (4.08%) than 60.87% of its industry peers.
  • NOK's Operating Margin has declined in the last couple of years.
  • NOK's Gross Margin of 43.54% is in line compared to the rest of the industry. NOK outperforms 52.17% of its industry peers.
  • NOK's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.08%
PM (TTM) 3.27%
GM 43.54%
OM growth 3Y-26.73%
OM growth 5Y-7.34%
PM growth 3Y-42.32%
PM growth 5YN/A
GM growth 3Y1.99%
GM growth 5Y3.03%
NOK Yearly Profit, Operating, Gross MarginsNOK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. NOK Health Analysis

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 more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NOK has been reduced compared to 5 years ago.
  • Compared to 1 year ago, NOK has an improved debt to assets ratio.
NOK Yearly Shares OutstandingNOK Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
NOK Yearly Total Debt VS Total AssetsNOK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • NOK has an Altman-Z score of 3.25. This indicates that NOK is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.25, NOK is doing good in the industry, outperforming 63.04% of the companies in the same industry.
  • NOK has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as NOK would need 3.01 years to pay back of all of its debts.
  • The Debt to FCF ratio of NOK (3.01) is comparable to the rest of the industry.
  • NOK has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
  • NOK has a Debt to Equity ratio (0.15) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 3.01
Altman-Z 3.25
ROIC/WACC0.28
WACC8%
NOK Yearly LT Debt VS Equity VS FCFNOK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B

2.3 Liquidity

  • NOK has a Current Ratio of 1.58. This is a normal value and indicates that NOK is financially healthy and should not expect problems in meeting its short term obligations.
  • NOK's Current ratio of 1.58 is on the low side compared to the rest of the industry. NOK is outperformed by 73.91% of its industry peers.
  • NOK has a Quick Ratio of 1.36. This is a normal value and indicates that NOK is financially healthy and should not expect problems in meeting its short term obligations.
  • NOK has a worse Quick ratio (1.36) than 67.39% of its industry peers.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 1.36
NOK Yearly Current Assets VS Current LiabilitesNOK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. NOK Growth Analysis

3.1 Past

  • NOK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.64%.
  • The Earnings Per Share has been growing slightly by 2.21% on average over the past years.
  • The Revenue has been growing slightly by 2.29% in the past year.
  • NOK 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 8.57% on average over the next years. This is quite good.
  • NOK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.99% yearly.
EPS Next Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y8.57%
Revenue Next Year3.17%
Revenue Next 2Y3.64%
Revenue Next 3Y4.07%
Revenue Next 5Y2.99%

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.
NOK Yearly Revenue VS EstimatesNOK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
NOK Yearly EPS VS EstimatesNOK Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3 0.4

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3

4. NOK Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 30.59, NOK can be considered very expensive at the moment.
  • 65.22% of the companies in the same industry are more expensive than NOK, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.71. NOK is around the same levels.
  • A Price/Forward Earnings ratio of 27.28 indicates a quite expensive valuation of NOK.
  • NOK's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NOK is cheaper than 60.87% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.09. NOK is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 30.59
Fwd PE 27.28
NOK Price Earnings VS Forward Price EarningsNOK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NOK is valued a bit cheaper than the industry average as 60.87% of the companies are valued more expensively.
  • NOK's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 33.7
EV/EBITDA 24.18
NOK Per share dataNOK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • NOK's earnings are expected to grow with 13.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.49
PEG (5Y)13.85
EPS Next 2Y14.17%
EPS Next 3Y13.89%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. NOK Dividend Analysis

5.1 Amount

  • NOK has a Yearly Dividend Yield of 1.63%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.91, NOK pays a better dividend. On top of this NOK pays more dividend than 82.61% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, NOK has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.63%

5.2 History

  • NOK has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NOK has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
NOK Yearly Dividends per shareNOK Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2022 2023 2024 2025 2026 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

  • 116.77% of the earnings are spent on dividend by NOK. This is not a sustainable payout ratio.
DP116.77%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
NOK Yearly Income VS Free CF VS DividendNOK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
NOK Dividend Payout.NOK Dividend Payout, showing the Payout Ratio.NOK Dividend Payout.PayoutRetained Earnings

More info and screens

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NOK Fundamentals: All Metrics, Ratios and Statistics

NOKIA CORP-SPON ADR

NYSE:NOK (4/21/2026, 7:21:03 PM)

After market: 10.46 +0.06 (+0.58%)

10.4

-0.2 (-1.89%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners38.58%
Inst Owner Change0.33%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap58.06B
Revenue(TTM)19.89B
Net Income(TTM)650.00M
Analysts68.65
Price Target7.95 (-23.56%)
Short Float %1.09%
Short Ratio0.97
Dividend
Industry RankSector Rank
Dividend Yield 1.63%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP116.77%
Div Incr Years3
Div Non Decr Years3
Ex-Date02-03
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)15.46%
PT rev (3m)16.44%
EPS NQ rev (1m)8.2%
EPS NQ rev (3m)-8.77%
EPS NY rev (1m)1.29%
EPS NY rev (3m)-5.82%
Revenue NQ rev (1m)1.56%
Revenue NQ rev (3m)-3.57%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 30.59
Fwd PE 27.28
P/S 2.48
P/FCF 33.7
P/OCF 23.84
P/B 2.35
P/tB 3.64
EV/EBITDA 24.18
EPS(TTM)0.34
EY3.27%
EPS(NY)0.38
Fwd EY3.67%
FCF(TTM)0.31
FCFY2.97%
OCF(TTM)0.44
OCFY4.19%
SpS4.19
BVpS4.42
TBVpS2.86
PEG (NY)2.49
PEG (5Y)13.85
Graham Number5.81282 (-44.11%)
Profitability
Industry RankSector Rank
ROA 1.73%
ROE 3.1%
ROCE 2.94%
ROIC 2.23%
ROICexc 2.95%
ROICexgc 4.57%
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)3.38%
ROIC(5y)4.4%
ROICexc(3y)4.79%
ROICexc(5y)6.38%
ROICexgc(3y)7.24%
ROICexgc(5y)9.8%
ROCE(3y)4.47%
ROCE(5y)5.81%
ROICexgc growth 3Y-30.96%
ROICexgc growth 5Y-15.83%
ROICexc growth 3Y-31.84%
ROICexc growth 5Y-13.58%
OM growth 3Y-26.73%
OM growth 5Y-7.34%
PM growth 3Y-42.32%
PM growth 5YN/A
GM growth 3Y1.99%
GM growth 5Y3.03%
F-Score5
Asset Turnover0.53
Health
Industry RankSector 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 107.31%
Profit Quality 225.39%
Current Ratio 1.58
Quick Ratio 1.36
Altman-Z 3.25
F-Score5
WACC8%
ROIC/WACC0.28
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 Y12.27%
EPS Next 2Y14.17%
EPS Next 3Y13.89%
EPS Next 5Y8.57%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
Revenue Next Year3.17%
Revenue Next 2Y3.64%
Revenue Next 3Y4.07%
Revenue Next 5Y2.99%
EBIT growth 1Y-59.99%
EBIT growth 3Y-32.03%
EBIT growth 5Y-9.07%
EBIT Next Year51.48%
EBIT Next 3Y24.21%
EBIT Next 5Y15.29%
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 CORP-SPON ADR / NOK Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for NOKIA CORP-SPON ADR?

ChartMill assigns a fundamental rating of 4 / 10 to NOK.


What is the valuation status for NOK stock?

ChartMill assigns a valuation rating of 3 / 10 to NOKIA CORP-SPON ADR (NOK). This can be considered as Overvalued.


What is the profitability of NOK stock?

NOKIA CORP-SPON ADR (NOK) has a profitability rating of 4 / 10.


Can you provide the financial health for NOK stock?

The financial health rating of NOKIA CORP-SPON ADR (NOK) is 5 / 10.


What is the expected EPS growth for NOKIA CORP-SPON ADR (NOK) stock?

The Earnings per Share (EPS) of NOKIA CORP-SPON ADR (NOK) is expected to grow by 12.27% in the next year.