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

NYSE:NOK • US6549022043

Current stock price

8.24 USD
+0.1 (+1.23%)
At close:
8.265 USD
+0.03 (+0.3%)
Pre-Market:

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

6

1. NOK Profitability Analysis

1.1 Basic Checks

  • In the past year NOK was profitable.
  • NOK had a positive operating cash flow in the past year.
  • In the past 5 years NOK has always been profitable.
  • 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

  • The Return On Assets of NOK (1.73%) is better than 62.50% of its industry peers.
  • The Return On Equity of NOK (3.10%) is better than 62.50% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.23%, NOK is in the better half of the industry, outperforming 60.42% of the companies in the same industry.
  • NOK had an Average Return On Invested Capital over the past 3 years of 3.51%. This is significantly below the industry average of 10.40%.
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)3.51%
ROIC(5y)4.47%
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 in the better half of the industry: NOK outperforms 64.58% of its industry peers.
  • In the last couple of years the Profit Margin of NOK has declined.
  • NOK has a Operating Margin of 4.08%. This is in the better half of the industry: NOK outperforms 64.58% of its industry peers.
  • In the last couple of years the Operating Margin of NOK has declined.
  • NOK has a Gross Margin (43.54%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of NOK has grown nicely.
Industry RankSector 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%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

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.
  • Compared to 1 year ago, NOK has more shares outstanding
  • Compared to 5 years ago, NOK has less shares outstanding
  • The debt/assets ratio for NOK has been reduced compared to a year ago.
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

  • An Altman-Z score of 2.88 indicates that NOK is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of NOK (2.88) is better than 64.58% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 3.01, NOK is in line with its industry, outperforming 58.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.15 indicates that NOK is not too dependend on debt financing.
  • NOK has a Debt to Equity ratio (0.15) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 3.01
Altman-Z 2.88
ROIC/WACC0.28
WACC7.92%
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

  • A Current Ratio of 1.58 indicates that NOK should not have too much problems paying its short term obligations.
  • NOK has a Current ratio of 1.58. This is in the lower half of the industry: NOK underperforms 70.83% 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.
  • With a Quick ratio value of 1.36, NOK is not doing good in the industry: 64.58% of the companies in the same industry are doing better.
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

More info and screens

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%.
  • NOK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.21% yearly.
  • Looking at the last year, NOK shows a small growth in Revenue. The Revenue has grown by 2.29% in the last 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

  • NOK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.57% yearly.
  • Based on estimates for the next years, NOK will show a small growth in Revenue. The Revenue will grow by 2.99% on average per year.
EPS Next Y10.83%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
EPS Next 5Y8.57%
Revenue Next Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.75%
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

4

4. NOK Valuation Analysis

4.1 Price/Earnings Ratio

  • NOK is valuated rather expensively with a Price/Earnings ratio of 24.97.
  • NOK's Price/Earnings ratio is a bit cheaper when compared to the industry. NOK is cheaper than 70.83% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of NOK to the average of the S&P500 Index (25.71), we can say NOK is valued inline with the index average.
  • The Price/Forward Earnings ratio is 22.21, which indicates a rather expensive current valuation of NOK.
  • NOK's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NOK is cheaper than 64.58% of the companies in the same industry.
  • NOK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.83.
Industry RankSector Rank
PE 24.97
Fwd PE 22.21
NOK Price Earnings VS Forward Price EarningsNOK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 70.83% of the companies in the same industry are more expensive than NOK, based on the Enterprise Value to EBITDA ratio.
  • NOK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NOK is cheaper than 60.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.36
EV/EBITDA 18.87
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.
  • The decent profitability rating of NOK may justify a higher PE ratio.
  • NOK's earnings are expected to grow with 12.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.31
PEG (5Y)11.31
EPS Next 2Y13.25%
EPS Next 3Y12.92%

More info and screens

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

3

5. NOK Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.96%, NOK has a reasonable but not impressive dividend return.
  • NOK's Dividend Yield is rather good when compared to the industry average which is at 0.77. NOK pays more dividend than 85.42% of the companies in the same industry.
  • NOK's Dividend Yield is comparable with the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.96%

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
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

  • 116.59% of the earnings are spent on dividend by NOK. This is not a sustainable payout ratio.
DP116.59%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
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

Find the best dividend stocksShow peers with best dividend

NOK Fundamentals: All Metrics, Ratios and Statistics

NOKIA CORP-SPON ADR

NYSE:NOK (3/13/2026, 8:04:00 PM)

Premarket: 8.265 +0.03 (+0.3%)

8.24

+0.1 (+1.23%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners33.81%
Inst Owner Change49.57%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap46.00B
Revenue(TTM)19.89B
Net Income(TTM)651.00M
Analysts72.43
Price Target6.89 (-16.38%)
Short Float %0.64%
Short Ratio0.94
Dividend
Industry RankSector Rank
Dividend Yield 1.96%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP116.59%
Div Incr Years2
Div Non Decr Years2
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)-1.35%
PT rev (3m)5.75%
EPS NQ rev (1m)-3%
EPS NQ rev (3m)-26.23%
EPS NY rev (1m)-3.45%
EPS NY rev (3m)-5.36%
Revenue NQ rev (1m)-0.49%
Revenue NQ rev (3m)-4.85%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-0.98%
Valuation
Industry RankSector Rank
PE 24.97
Fwd PE 22.21
P/S 2.02
P/FCF 27.36
P/OCF 19.35
P/B 1.91
P/tB 2.95
EV/EBITDA 18.87
EPS(TTM)0.33
EY4%
EPS(NY)0.37
Fwd EY4.5%
FCF(TTM)0.3
FCFY3.65%
OCF(TTM)0.43
OCFY5.17%
SpS4.09
BVpS4.31
TBVpS2.79
PEG (NY)2.31
PEG (5Y)11.31
Graham Number5.66
Profitability
Industry RankSector 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 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 107.25%
Profit Quality 225.04%
Current Ratio 1.58
Quick Ratio 1.36
Altman-Z 2.88
F-Score5
WACC7.92%
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 Y10.83%
EPS Next 2Y13.25%
EPS Next 3Y12.92%
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 Year2.61%
Revenue Next 2Y3.19%
Revenue Next 3Y3.75%
Revenue Next 5Y2.99%
EBIT growth 1Y-59.94%
EBIT growth 3Y-29.16%
EBIT growth 5Y-6.79%
EBIT Next Year53.65%
EBIT Next 3Y24.04%
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 5 / 10 to NOK.


What is the valuation status for NOK stock?

ChartMill assigns a valuation rating of 4 / 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 24.97 and the Price/Book (PB) ratio is 1.91.


Is the dividend of NOKIA CORP-SPON ADR sustainable?

The dividend rating of NOKIA CORP-SPON ADR (NOK) is 3 / 10 and the dividend payout ratio is 116.59%.