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NOKIA CORP-SPON ADR (NOK) Stock Fundamental Analysis

USA - NYSE:NOK - US6549022043 - ADR

7.33 USD
-0.44 (-5.66%)
Last: 10/29/2025, 7:45:58 PM
7.1301 USD
-0.2 (-2.73%)
After Hours: 10/29/2025, 7:45:58 PM
Fundamental Rating

5

Taking everything into account, NOK scores 5 out of 10 in our fundamental rating. NOK was compared to 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.


Dividend Valuation Growth Profitability Health

6

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.
In the past 5 years NOK always reported a positive cash flow from operatings.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

1.2 Ratios

NOK's Return On Assets of 2.57% is fine compared to the rest of the industry. NOK outperforms 62.50% of its industry peers.
Looking at the Return On Equity, with a value of 4.74%, NOK is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
NOK has a Return On Invested Capital (2.86%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for NOK is significantly below the industry average of 12.95%.
Industry RankSector 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%
NOK Yearly ROA, ROE, ROICNOK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20

1.3 Margins

With a decent Profit Margin value of 4.70%, NOK is doing good in the industry, outperforming 66.67% of the companies in the same industry.
NOK's Profit Margin has improved in the last couple of years.
NOK has a better Operating Margin (6.02%) than 66.67% of its industry peers.
NOK's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 43.88%, NOK is doing good in the industry, outperforming 60.42% of the companies in the same industry.
NOK's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
NOK Yearly Profit, Operating, Gross MarginsNOK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NOK is destroying value.
The number of shares outstanding for NOK has been reduced compared to 1 year ago.
NOK has less shares outstanding than it did 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B
NOK Yearly Total Debt VS Total AssetsNOK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B

2.2 Solvency

NOK has an Altman-Z score of 2.75. 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 (2.75) which is in line with its industry peers.
NOK has a debt to FCF ratio of 3.16. This is a good value and a sign of high solvency as NOK would need 3.16 years to pay back of all of its debts.
NOK has a Debt to FCF ratio (3.16) which is comparable to the rest of the industry.
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 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 3.16
Altman-Z 2.75
ROIC/WACC0.4
WACC7.22%
NOK Yearly LT Debt VS Equity VS FCFNOK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B

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.
NOK has a worse Current ratio (1.48) than 72.92% of its industry peers.
A Quick Ratio of 1.23 indicates that NOK should not have too much problems paying its short term obligations.
NOK's Quick ratio of 1.23 is on the low side compared to the rest of the industry. NOK is outperformed by 64.58% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.23
NOK Yearly Current Assets VS Current LiabilitesNOK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

3

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%.
Measured over the past years, NOK shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.14% on average per year.
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

Based on estimates for the next years, NOK will show a decrease in Earnings Per Share. The EPS will decrease by -1.04% on average per year.
Based on estimates for the next years, NOK will show a small growth in Revenue. The Revenue will grow by 2.53% on average per year.
EPS Next Y-30.06%
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
EPS Next 5Y-1.04%
Revenue Next Year3.32%
Revenue Next 2Y3.45%
Revenue Next 3Y3.06%
Revenue Next 5Y2.53%

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.
NOK Yearly Revenue VS EstimatesNOK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3 0.4

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 19.81, 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 70.83% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.76. NOK is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 18.10, NOK is valued on the expensive side.
Based on the Price/Forward Earnings ratio, NOK is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
NOK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.63, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 19.81
Fwd PE 18.1
NOK Price Earnings VS Forward Price EarningsNOK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

75.00% of the companies in the same industry are more expensive than NOK, based on the Enterprise Value to EBITDA ratio.
64.58% 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 26.32
EV/EBITDA 14.45
NOK Per share dataNOK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

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)1.78
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%

4

5. Dividend

5.1 Amount

NOK has a Yearly Dividend Yield of 2.57%.
NOK's Dividend Yield is rather good when compared to the industry average which is at 3.53. NOK pays more dividend than 87.50% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, NOK has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.57%

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
NOK Yearly Dividends per shareNOK Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2022 2023 2024 2025 0.05 0.1 0.15 0.2 0.25

5.3 Sustainability

81.90% of the earnings are spent on dividend by NOK. This is not a sustainable payout ratio.
NOK's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP81.9%
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
NOK Yearly Income VS Free CF VS DividendNOK Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B
NOK Dividend Payout.NOK Dividend Payout, showing the Payout Ratio.NOK Dividend Payout.PayoutRetained Earnings

NOKIA CORP-SPON ADR

NYSE:NOK (10/29/2025, 7:45:58 PM)

After market: 7.1301 -0.2 (-2.73%)

7.33

-0.44 (-5.66%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)10-23 2025-10-23/bmo
Earnings (Next)01-28 2026-01-28/amc
Inst Owners36.69%
Inst Owner Change-0.53%
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap39.43B
Revenue(TTM)19.75B
Net Income(TTM)928.00M
Analysts71.67
Price Target5.87 (-19.92%)
Short Float %0.88%
Short Ratio1.26
Dividend
Industry RankSector Rank
Dividend Yield 2.57%
Yearly Dividend0.16
Dividend Growth(5Y)5.44%
DP81.9%
Div Incr Years2
Div Non Decr Years2
Ex-Date10-28 2025-10-28 (0.0348)
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)-2.64%
PT rev (3m)-1.16%
EPS NQ rev (1m)-6.95%
EPS NQ rev (3m)-22.3%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.55%
Revenue NQ rev (1m)-0.64%
Revenue NQ rev (3m)-3.49%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-2.97%
Valuation
Industry RankSector Rank
PE 19.81
Fwd PE 18.1
P/S 1.72
P/FCF 26.32
P/OCF 17.81
P/B 1.73
P/tB 2.81
EV/EBITDA 14.45
EPS(TTM)0.37
EY5.05%
EPS(NY)0.4
Fwd EY5.52%
FCF(TTM)0.28
FCFY3.8%
OCF(TTM)0.41
OCFY5.62%
SpS4.27
BVpS4.23
TBVpS2.61
PEG (NY)N/A
PEG (5Y)1.78
Graham Number5.94
Profitability
Industry RankSector 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 RankSector 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 2.75
F-Score7
WACC7.22%
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-30.06%
EPS Next 2Y-6.46%
EPS Next 3Y-1.18%
EPS Next 5Y-1.04%
Revenue 1Y (TTM)3.04%
Revenue growth 3Y-4.69%
Revenue growth 5Y-3.79%
Sales Q2Q%11.6%
Revenue Next Year3.32%
Revenue Next 2Y3.45%
Revenue Next 3Y3.06%
Revenue Next 5Y2.53%
EBIT growth 1Y-26.89%
EBIT growth 3Y-7.82%
EBIT growth 5Y9.88%
EBIT Next Year10.01%
EBIT Next 3Y12.49%
EBIT Next 5Y8.23%
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 of NOKIA CORP-SPON ADR (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.


Can you provide the PE and PB ratios for NOK stock?

The Price/Earnings (PE) ratio for NOKIA CORP-SPON ADR (NOK) is 19.81 and the Price/Book (PB) ratio is 1.73.


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.