NOKIA CORP-SPON ADR (NOK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NOK - US6549022043 - ADR
6.19 USD
+0.07 (+1.14%)
6.2087 USD
+0.02 (+0.3%)
NOK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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.
In the past year NOK had a positive cash flow from operations.
NOK had positive earnings in 4 of the past 5 years.
NOK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 2.57%, NOK is doing good in the industry, outperforming 64.58% of the companies in the same industry.
With a decent Return On Equity value of 4.74%, NOK is doing good in the industry, outperforming 60.42% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.86%, NOK is in line with its industry, outperforming 56.25% of the companies in the same industry.
NOK had an Average Return On Invested Capital over the past 3 years of 4.03%. This is significantly below the industry average of 12.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROIC | 2.86% |
ROA(3y)4.94%
ROA(5y)2.38%
ROE(3y)9.78%
ROE(5y)3.69%
ROIC(3y)4.03%
ROIC(5y)4.01%
1.3 Margins
Looking at the Profit Margin, with a value of 4.70%, NOK is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
NOK's Profit Margin has improved in the last couple of years.
The Operating Margin of NOK (6.02%) is better than 64.58% of its industry peers.
In the last couple of years the Operating Margin of NOK has grown nicely.
With a Gross Margin value of 43.88%, NOK perfoms like the industry average, outperforming 58.33% of the companies in the same 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-3.28%
OM growth 5Y14.2%
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), NOK is destroying value.
The number of shares outstanding for NOK has been reduced compared to 1 year ago.
Compared to 5 years ago, NOK has less shares outstanding
Compared to 1 year ago, NOK has an improved debt to assets ratio.
2.2 Solvency
NOK has an Altman-Z score of 2.51. This is not the best score and indicates that NOK is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of NOK (2.51) is better than 62.50% of its industry peers.
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 has a Debt to FCF ratio (3.16) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.16 indicates that NOK is not too dependend on debt financing.
The Debt to Equity ratio of NOK (0.16) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 3.16 | ||
| Altman-Z | 2.51 |
ROIC/WACC0.4
WACC7.16%
2.3 Liquidity
A Current Ratio of 1.48 indicates that NOK should not have too much problems paying its short term obligations.
With a Current ratio value of 1.48, NOK is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
A Quick Ratio of 1.23 indicates that NOK should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.23, NOK is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The earnings per share for NOK have decreased by 0.00% in the last year.
NOK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.14% yearly.
Looking at the last year, NOK shows a small growth in Revenue. The Revenue has grown by 3.04% in the last 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
NOK is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.30% yearly.
The Revenue is expected to grow by 3.15% on average over the next years.
EPS Next Y-30.14%
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
EPS Next 5Y0.3%
Revenue Next Year3.74%
Revenue Next 2Y3.74%
Revenue Next 3Y3.4%
Revenue Next 5Y3.15%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 17.19, NOK is valued on the expensive side.
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 26.15. NOK is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 15.38, the valuation of NOK can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NOK indicates a rather cheap valuation: NOK is cheaper than 81.25% of the companies listed in the same industry.
NOK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.19 | ||
| Fwd PE | 15.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NOK is valued a bit cheaper than 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NOK indicates a somewhat cheap valuation: NOK is cheaper than 70.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.88 | ||
| EV/EBITDA | 11.45 |
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)1.54
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
5. Dividend
5.1 Amount
NOK has a Yearly Dividend Yield of 2.66%.
Compared to an average industry Dividend Yield of 3.35, 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 2.32, NOK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
5.2 History
The dividend of NOK has a limited annual growth rate of 5.44%.
NOK has been paying a dividend for at least 10 years, so it has a reliable track record.
NOK has decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.44%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
NOK pays out 81.90% of its income as dividend. This is not a sustainable payout ratio.
NOK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP81.9%
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
6.19
+0.07 (+1.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners36.69%
Inst Owner Change9.68%
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap34.33B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts70
Price Target6.6 (6.62%)
Short Float %0.8%
Short Ratio0.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.66% |
Yearly Dividend0.15
Dividend Growth(5Y)5.44%
DP81.9%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)11.32%
PT rev (3m)22.9%
EPS NQ rev (1m)-3.26%
EPS NQ rev (3m)-2.86%
EPS NY rev (1m)-3.11%
EPS NY rev (3m)-3.19%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)-0.84%
Revenue NY rev (1m)0.41%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.19 | ||
| Fwd PE | 15.38 | ||
| P/S | 1.49 | ||
| P/FCF | 22.88 | ||
| P/OCF | 15.48 | ||
| P/B | 1.51 | ||
| P/tB | 2.44 | ||
| EV/EBITDA | 11.45 |
EPS(TTM)0.36
EY5.82%
EPS(NY)0.4
Fwd EY6.5%
FCF(TTM)0.27
FCFY4.37%
OCF(TTM)0.4
OCFY6.46%
SpS4.15
BVpS4.11
TBVpS2.53
PEG (NY)N/A
PEG (5Y)1.54
Graham Number5.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.57% | ||
| ROE | 4.74% | ||
| ROCE | 4.51% | ||
| ROIC | 2.86% | ||
| ROICexc | 3.72% | ||
| ROICexgc | 5.91% | ||
| 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)4.03%
ROIC(5y)4.01%
ROICexc(3y)5.79%
ROICexc(5y)5.89%
ROICexgc(3y)8.68%
ROICexgc(5y)9.27%
ROCE(3y)6.35%
ROCE(5y)6.32%
ROICexgc growth 3Y-10.42%
ROICexgc growth 5Y11%
ROICexc growth 3Y-8.64%
ROICexc growth 5Y12.18%
OM growth 3Y-3.28%
OM growth 5Y14.2%
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 | 2.51 |
F-Score7
WACC7.16%
ROIC/WACC0.4
Cap/Depr(3y)53.08%
Cap/Depr(5y)50.54%
Cap/Sales(3y)2.6%
Cap/Sales(5y)2.5%
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-30.14%
EPS Next 2Y-5.39%
EPS Next 3Y-0.4%
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 Year3.74%
Revenue Next 2Y3.74%
Revenue Next 3Y3.4%
Revenue Next 5Y3.15%
EBIT growth 1Y-26.89%
EBIT growth 3Y-7.82%
EBIT growth 5Y9.88%
EBIT Next Year10.01%
EBIT Next 3Y12.49%
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 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 of NOKIA CORP-SPON ADR (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.
Can you provide the PE and PB ratios for NOK stock?
The Price/Earnings (PE) ratio for NOKIA CORP-SPON ADR (NOK) is 17.19 and the Price/Book (PB) ratio is 1.51.
What is the financial health of NOKIA CORP-SPON ADR (NOK) stock?
The financial health rating of NOKIA CORP-SPON ADR (NOK) is 5 / 10.