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

NYSE:NOK • US6549022043

Current stock price

9.46 USD
-0.09 (-0.94%)
At close:
9.5199 USD
+0.06 (+0.63%)
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

  • 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

  • Looking at the Return On Assets, with a value of 1.73%, NOK is in line with its industry, outperforming 59.57% of the companies in the same industry.
  • NOK has a Return On Equity (3.10%) which is comparable to the rest of the industry.
  • NOK has a Return On Invested Capital (2.23%) which is in line with its industry peers.
  • 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 59.57% of its industry peers.
  • In the last couple of years the Profit Margin of NOK has declined.
  • The Operating Margin of NOK (4.08%) is better than 61.70% of its industry peers.
  • In the last couple of years the Operating Margin of NOK has declined.
  • NOK's Gross Margin of 43.54% is in line compared to the rest of the industry. NOK outperforms 53.19% of its industry peers.
  • 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-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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5

2. NOK Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NOK 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.
  • 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 3.06 indicates that NOK is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.06, NOK is doing good in the industry, outperforming 61.70% 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.
  • A Debt/Equity ratio of 0.15 indicates that NOK is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.15, NOK perfoms like the industry average, outperforming 42.55% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF 3.01
Altman-Z 3.06
ROIC/WACC0.29
WACC7.59%
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 worse Current ratio (1.58) than 74.47% 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: 68.09% 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. NOK Growth Analysis

3.1 Past

  • The earnings per share for NOK have decreased strongly by -25.64% in the last year.
  • NOK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.21% yearly.
  • NOK shows a small growth in Revenue. In the last year, the Revenue has grown by 2.29%.
  • 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

  • Based on estimates for the next years, NOK will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.57% on average per year.
  • 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 Year2.92%
Revenue Next 2Y3.48%
Revenue Next 3Y4.03%
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

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3

4. NOK Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 27.82, which means the current valuation is very expensive for NOK.
  • Compared to the rest of the industry, the Price/Earnings ratio of NOK indicates a somewhat cheap valuation: NOK is cheaper than 68.09% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of NOK to the average of the S&P500 Index (26.78), we can say NOK is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 24.92, NOK is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NOK indicates a somewhat cheap valuation: NOK is cheaper than 65.96% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, NOK is valued at the same level.
Industry RankSector Rank
PE 27.82
Fwd PE 24.92
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

  • NOK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NOK is cheaper than 63.83% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NOK is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 30.78
EV/EBITDA 21.47
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.
  • A more expensive valuation may be justified as NOK's earnings are expected to grow with 13.89% in the coming years.
PEG (NY)2.27
PEG (5Y)12.6
EPS Next 2Y14.17%
EPS Next 3Y13.89%

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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 1.74%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.89, NOK pays a better dividend. On top of this NOK pays more dividend than 82.98% of the companies listed in the same industry.
  • NOK's Dividend Yield is comparable with the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 1.74%

5.2 History

  • NOK has paid a dividend for at least 10 years, which is 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

  • NOK pays out 116.77% of its income as dividend. 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

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NOK Fundamentals: All Metrics, Ratios and Statistics

NOKIA CORP-SPON ADR

NYSE:NOK (4/10/2026, 8:04:00 PM)

After market: 9.5199 +0.06 (+0.63%)

9.46

-0.09 (-0.94%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners38.58%
Inst Owner Change-0.01%
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap52.81B
Revenue(TTM)19.89B
Net Income(TTM)650.00M
Analysts68.65
Price Target7.87 (-16.81%)
Short Float %1.08%
Short Ratio1.13
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
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)14.23%
PT rev (3m)17.67%
EPS NQ rev (1m)18.12%
EPS NQ rev (3m)-12.86%
EPS NY rev (1m)0.25%
EPS NY rev (3m)-5.82%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)-4.66%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)-0.89%
Valuation
Industry RankSector Rank
PE 27.82
Fwd PE 24.92
P/S 2.27
P/FCF 30.78
P/OCF 21.77
P/B 2.15
P/tB 3.32
EV/EBITDA 21.47
EPS(TTM)0.34
EY3.59%
EPS(NY)0.38
Fwd EY4.01%
FCF(TTM)0.31
FCFY3.25%
OCF(TTM)0.43
OCFY4.59%
SpS4.17
BVpS4.4
TBVpS2.85
PEG (NY)2.27
PEG (5Y)12.6
Graham Number5.8
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 3.06
F-Score5
WACC7.59%
ROIC/WACC0.29
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 Year2.92%
Revenue Next 2Y3.48%
Revenue Next 3Y4.03%
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.