(NOK) Nokia - Ratings and Ratios
Fiber,Router,Radio,Software,Licenses
NOK EPS (Earnings per Share)
NOK Revenue
Description: NOK Nokia October 14, 2025
Nokia Oyj (NYSE:NOK) is a Finnish-based provider of end-to-end networking solutions, operating across four segments: Network Infrastructure, Mobile Networks, Cloud & Network Services, and Nokia Technologies. Its product portfolio spans fixed-line fiber and copper access, IP routing, data-center networking, optical transport, 5G radio-access and core, private-wireless/industrial edge, and a suite of software-defined networking and cloud-automation services. The company monetises these offerings through sales to telecom operators, enterprises, governments, hyperscalers, and defense customers, while also generating licensing revenue from its extensive patent portfolio and the Nokia brand.
Key performance indicators from FY 2023 show revenue of €24.9 billion, a 5 % year-over-year increase driven primarily by 5G equipment orders and growth in cloud-network services. R&D intensity remains high at roughly 13 % of revenue, reflecting the capital-intensive nature of the sector. Nokia’s order backlog stood at €30 billion, giving it a multi-year visibility cushion amid volatile telecom capex cycles. The broader communications-equipment market is projected to expand at a 4-6 % CAGR through 2029, underpinned by continued 5G roll-out, edge-computing demand, and the shift toward software-defined, virtualized network architectures.
Analysts should watch macro-level drivers such as global telecom operators’ capex allocations, the pace of 5G adoption in emerging markets, and supply-chain constraints on semiconductor components, all of which can materially affect Nokia’s order intake and margins. Disconfirming evidence would include a sustained slowdown in 5G deployments or a competitive win-rate shift toward rivals like Ericsson and Huawei, which would pressure Nokia’s market share and pricing power.
For a deeper, data-rich analysis of Nokia’s valuation dynamics, consider exploring the detailed metrics and scenario models available on ValueRay.
NOK Stock Overview
| Market Cap in USD | 30,876m |
| Sub-Industry | Communications Equipment |
| IPO / Inception | 1994-01-03 |
NOK Stock Ratings
| Growth Rating | 44.8% |
| Fundamental | 46.3% |
| Dividend Rating | 61.0% |
| Return 12m vs S&P 500 | 13.9% |
| Analyst Rating | 3.55 of 5 |
NOK Dividends
| Dividend Yield 12m | 1.97% |
| Yield on Cost 5y | 3.32% |
| Annual Growth 5y | 51.50% |
| Payout Consistency | 74.8% |
| Payout Ratio | 50.7% |
NOK Growth Ratios
| Growth Correlation 3m | 98.2% |
| Growth Correlation 12m | 31% |
| Growth Correlation 5y | 1.7% |
| CAGR 5y | 16.75% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.44 |
| CAGR/Mean DD 3y (Pain Ratio) | 1.20 |
| Sharpe Ratio 12m | 1.41 |
| Alpha | 25.38 |
| Beta | 0.588 |
| Volatility | 30.89% |
| Current Volume | 71565.4k |
| Average Volume 20d | 38505k |
| Stop Loss | 6.1 (-3.2%) |
| Signal | 0.02 |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (1.01b TTM) > 0 and > 6% of Revenue (6% = 1.15b TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -2.64pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 23.31% (prev 36.86%; Δ -13.54pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 2.04b > Net Income 1.01b (YES >=105%, WARN >=100%) |
| Net Debt (-697.0m) to EBITDA (2.16b) ratio: -0.32 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.46 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (5.49b) change vs 12m ago -0.33% (target <= -2.0% for YES) |
| Gross Margin 44.23% (prev 42.63%; Δ 1.60pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 51.40% (prev 51.01%; Δ 0.39pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.90 (EBITDA TTM 2.16b / Interest Expense TTM 327.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.38
| (A) 0.12 = (Total Current Assets 14.26b - Total Current Liabilities 9.78b) / Total Assets 36.03b |
| (B) 0.04 = Retained Earnings (Balance) 1.61b / Total Assets 36.03b |
| (C) 0.03 = EBIT TTM 949.0m / Avg Total Assets 37.44b |
| (D) 1.18 = Book Value of Equity 19.19b / Total Liabilities 16.21b |
| Total Rating: 2.38 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 46.27
| 1. Piotroski 5.0pt = 0.0 |
| 2. FCF Yield 5.72% = 2.86 |
| 3. FCF Margin 7.69% = 1.92 |
| 4. Debt/Equity 0.21 = 2.48 |
| 5. Debt/Ebitda -0.32 = 2.50 |
| 6. ROIC - WACC (= -5.15)% = -6.43 |
| 7. RoE 4.97% = 0.41 |
| 8. Rev. Trend -73.12% = -5.48 |
| 9. EPS Trend -39.82% = -1.99 |
What is the price of NOK shares?
Over the past week, the price has changed by +9.76%, over one month by +32.91%, over three months by +46.78% and over the past year by +34.83%.
Is Nokia a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NOK is around 5.99 USD . This means that NOK is currently overvalued and has a potential downside of -4.92%.
Is NOK a buy, sell or hold?
- Strong Buy: 2
- Buy: 3
- Hold: 5
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the NOK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 5.5 | -12.5% |
| Analysts Target Price | 5.5 | -12.5% |
| ValueRay Target Price | 6.6 | 5.4% |
NOK Fundamental Data Overview October 20, 2025
P/E Trailing = 30.2105
P/E Forward = 13.1926
P/S = 1.6043
P/B = 1.1343
P/EG = 1.5447
Beta = 0.588
Revenue TTM = 19.25b EUR
EBIT TTM = 949.0m EUR
EBITDA TTM = 2.16b EUR
Long Term Debt = 2.34b EUR (from longTermDebt, last quarter)
Short Term Debt = 951.0m EUR (from shortTermDebt, last quarter)
Debt = 4.10b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -697.0m EUR (from netDebt column, last quarter)
Enterprise Value = 25.87b EUR (26.57b + Debt 4.10b - CCE 4.80b)
Interest Coverage Ratio = 2.90 (Ebit TTM 949.0m / Interest Expense TTM 327.0m)
FCF Yield = 5.72% (FCF TTM 1.48b / Enterprise Value 25.87b)
FCF Margin = 7.69% (FCF TTM 1.48b / Revenue TTM 19.25b)
Net Margin = 5.26% (Net Income TTM 1.01b / Revenue TTM 19.25b)
Gross Margin = 44.23% ((Revenue TTM 19.25b - Cost of Revenue TTM 10.73b) / Revenue TTM)
Gross Margin QoQ = 43.36% (prev 41.55%)
Tobins Q-Ratio = 0.72 (Enterprise Value 25.87b / Total Assets 36.03b)
Interest Expense / Debt = 7.98% (Interest Expense 327.0m / Debt 4.10b)
Taxrate = 32.52% (40.0m / 123.0m)
NOPAT = 640.4m (EBIT 949.0m * (1 - 32.52%))
Current Ratio = 1.46 (Total Current Assets 14.26b / Total Current Liabilities 9.78b)
Debt / Equity = 0.21 (Debt 4.10b / totalStockholderEquity, last quarter 19.72b)
Debt / EBITDA = -0.32 (Net Debt -697.0m / EBITDA 2.16b)
Debt / FCF = -0.47 (Net Debt -697.0m / FCF TTM 1.48b)
Total Stockholder Equity = 20.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.81% (Net Income 1.01b / Total Assets 36.03b)
RoE = 4.97% (Net Income TTM 1.01b / Total Stockholder Equity 20.37b)
RoCE = 4.18% (EBIT 949.0m / Capital Employed (Equity 20.37b + L.T.Debt 2.34b))
RoIC = 2.66% (NOPAT 640.4m / Invested Capital 24.09b)
WACC = 7.81% (E(26.57b)/V(30.67b) * Re(8.18%) + D(4.10b)/V(30.67b) * Rd(7.98%) * (1-Tc(0.33)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.29%
[DCF Debug] Terminal Value 69.86% ; FCFE base≈1.94b ; Y1≈1.27b ; Y5≈581.6m
Fair Price DCF = 2.08 (DCF Value 11.17b / Shares Outstanding 5.38b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -39.82 | EPS CAGR: -22.28% | SUE: -0.29 | # QB: 0
Revenue Correlation: -73.12 | Revenue CAGR: -10.88% | SUE: -0.24 | # QB: 0
Additional Sources for NOK Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle