NOKIA CORP-SPON ADR (NOK) Stock Fundamental Analysis

NYSE:NOK • US6549022043

7.77 USD
+0.17 (+2.24%)
At close: Feb 20, 2026
7.76 USD
-0.01 (-0.13%)
After Hours: 2/20/2026, 4:23:50 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

NOK gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 48 industry peers in the Communications Equipment industry. NOK has an average financial health and profitability rating. NOK has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year NOK was profitable.
  • 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

  • Looking at the Return On Assets, with a value of 1.73%, NOK is in the better half of the industry, outperforming 60.42% of the companies in the same industry.
  • The Return On Equity of NOK (3.10%) is better than 60.42% of its industry peers.
  • NOK's Return On Invested Capital of 2.23% is in line compared to the rest of the industry. NOK outperforms 58.33% of its industry peers.
  • NOK had an Average Return On Invested Capital over the past 3 years of 3.51%. This is significantly below the industry average of 11.27%.
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

  • Looking at the Profit Margin, with a value of 3.27%, NOK is in the better half of the industry, outperforming 64.58% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NOK has declined.
  • With a decent Operating Margin value of 4.08%, NOK is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • NOK's Operating Margin has declined in the last couple of years.
  • The Gross Margin of NOK (43.54%) 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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 increased compared to 1 year ago.
  • Compared to 5 years ago, NOK has less shares outstanding
  • NOK has a better debt/assets ratio than last year.
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 2.74. 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.
  • NOK has a Altman-Z score of 2.74. This is in the better half of the industry: NOK outperforms 62.50% of its industry peers.
  • The Debt to FCF ratio of NOK is 3.01, which is a good value as it means it would take NOK, 3.01 years of fcf income to pay off all of its debts.
  • NOK has a Debt to FCF ratio (3.01) which 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 comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 3.01
Altman-Z 2.74
ROIC/WACC0.3
WACC7.55%
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.
  • The Current ratio of NOK (1.58) is worse than 70.83% of its industry peers.
  • A Quick Ratio of 1.36 indicates that NOK should not have too much problems paying 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

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

4

3. Growth

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.
  • The Revenue has been growing slightly by 2.29% in the past year.
  • The Revenue has been decreasing by -1.86% on average over the past years.
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 8.09% on average over the next years. This is quite good.
  • Based on estimates for the next years, NOK will show a small growth in Revenue. The Revenue will grow by 2.64% on average per year.
EPS Next Y14.79%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
EPS Next 5Y8.09%
Revenue Next Year3.98%
Revenue Next 2Y3.57%
Revenue Next 3Y3.57%
Revenue Next 5Y2.64%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.85, which indicates a rather expensive current valuation of NOK.
  • NOK's Price/Earnings ratio is a bit cheaper when compared to the industry. NOK is cheaper than 77.08% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.09. NOK is around the same levels.
  • With a Price/Forward Earnings ratio of 19.74, NOK is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, NOK is valued a bit cheaper than 72.92% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.98. NOK is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 22.85
Fwd PE 19.74
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

  • 68.75% of the companies in the same industry are more expensive than NOK, based on the Enterprise Value to EBITDA ratio.
  • 68.75% of the companies in the same industry are more expensive than NOK, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 25.19
EV/EBITDA 16.8
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NOK's earnings are expected to grow with 15.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.54
PEG (5Y)10.35
EPS Next 2Y14.68%
EPS Next 3Y15.03%

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

4

5. Dividend

5.1 Amount

  • NOK has a Yearly Dividend Yield of 2.40%. Purely for dividend investing, there may be better candidates out there.
  • NOK's Dividend Yield is rather good when compared to the industry average which is at 0.77. NOK pays more dividend than 87.50% of the companies in the same industry.
  • NOK's Dividend Yield is a higher than the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 2.4%

5.2 History

  • NOK has paid a dividend for at least 10 years, which is a reliable track record.
  • NOK has decreased its dividend 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 2Y14.68%
EPS Next 3Y15.03%
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

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Find the best dividend stocksShow peers with best dividend

NOKIA CORP-SPON ADR

NYSE:NOK (2/20/2026, 4:23:50 PM)

After market: 7.76 -0.01 (-0.13%)

7.77

+0.17 (+2.24%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners34.4%
Inst Owner Change9.28%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap43.38B
Revenue(TTM)19.89B
Net Income(TTM)651.00M
Analysts73.51
Price Target6.98 (-10.17%)
Short Float %0.75%
Short Ratio1.36
Dividend
Industry RankSector Rank
Dividend Yield 2.4%
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)4.41%
PT rev (3m)18.66%
EPS NQ rev (1m)-23.94%
EPS NQ rev (3m)-23.05%
EPS NY rev (1m)-2.7%
EPS NY rev (3m)-5.97%
Revenue NQ rev (1m)-4.37%
Revenue NQ rev (3m)-3.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.57%
Valuation
Industry RankSector Rank
PE 22.85
Fwd PE 19.74
P/S 1.86
P/FCF 25.19
P/OCF 17.82
P/B 1.76
P/tB 2.72
EV/EBITDA 16.8
EPS(TTM)0.34
EY4.38%
EPS(NY)0.39
Fwd EY5.07%
FCF(TTM)0.31
FCFY3.97%
OCF(TTM)0.44
OCFY5.61%
SpS4.19
BVpS4.41
TBVpS2.86
PEG (NY)1.54
PEG (5Y)10.35
Graham Number5.81
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 2.74
F-Score5
WACC7.55%
ROIC/WACC0.3
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 Y14.79%
EPS Next 2Y14.68%
EPS Next 3Y15.03%
EPS Next 5Y8.09%
Revenue 1Y (TTM)2.29%
Revenue growth 3Y-7.23%
Revenue growth 5Y-1.86%
Sales Q2Q%2.37%
Revenue Next Year3.98%
Revenue Next 2Y3.57%
Revenue Next 3Y3.57%
Revenue Next 5Y2.64%
EBIT growth 1Y-59.94%
EBIT growth 3Y-29.16%
EBIT growth 5Y-6.79%
EBIT Next Year69.64%
EBIT Next 3Y31.38%
EBIT Next 5Y16.32%
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 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 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 5 / 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 22.85 and the Price/Book (PB) ratio is 1.76.


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 116.59%.