(NOK) Nokia - Overview
Sector: TechnologyIndustry: Communication Equipment | Exchange NYSE (USA) | Currency USD | Market Cap: 46.335m | Total Return 62.3% in 12m
Stock: Network Equipment, Software, Licensing
Total Rating 58
Risk 73
Buy Signal 0.50
| Risk 5d forecast | |
|---|---|
| Volatility | 39.3% |
| Relative Tail Risk | -18.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.24 |
| Alpha | 48.30 |
| Character TTM | |
|---|---|
| Beta | 0.848 |
| Beta Downside | 1.040 |
| Drawdowns 3y | |
|---|---|
| Max DD | 37.63% |
| CAGR/Max DD | 0.67 |
EPS (Earnings per Share)
Revenue
Description: NOK Nokia March 05, 2026
Nokia provides mobile, fixed, and cloud network solutions globally. The telecommunications equipment sector is characterized by ongoing investment in infrastructure upgrades, such as 5G and fiber optic networks. Nokias business model involves selling hardware, software, and services to various clients, including telecommunications providers and enterprises.
The company operates across four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. Network Infrastructure includes fixed, IP, and optical network solutions. Mobile Networks focuses on radio access networks and microwave radio links. Cloud and Network Services offers software and solutions for 5G core and private wireless. Nokia Technologies licenses intellectual property, including patents and the Nokia brand, a common practice for companies with extensive R&D.
Nokia serves a diverse customer base, including communication service providers, industrial enterprises, and governments. To gain a deeper understanding of Nokias market position and financial health, further research on ValueRay is recommended.
Headlines to watch out for
- 5G infrastructure spending drives Mobile Networks revenue
- Network Infrastructure contracts impact order book
- Cloud and Network Services adoption boosts recurring revenue
- Patent licensing agreements provide stable income
- Global economic slowdown reduces enterprise spending
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 604.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.18 > 1.0 |
| NWC/Revenue: 30.28% < 20% (prev 32.28%; Δ -2.00% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.19b > Net Income 604.2m |
| Net Debt (-251.9m) to EBITDA (1.94b): -0.13 < 3 |
| Current Ratio: 1.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.50b) vs 12m ago -0.53% < -2% |
| Gross Margin: 42.08% > 18% (prev 0.46%; Δ 4.16k% > 0.5%) |
| Asset Turnover: 49.80% > 50% (prev 52.17%; Δ -2.37% > 0%) |
| Interest Coverage Ratio: 3.93 > 6 (EBITDA TTM 1.94b / Interest Expense TTM 219.0m) |
Altman Z'' 1.37
| A: 0.15 (Total Current Assets 15.79b - Total Current Liabilities 10.00b) / Total Assets 37.58b |
| B: 0.05 (Retained Earnings 1.86b / Total Assets 37.58b) |
| C: 0.02 (EBIT TTM 861.6m / Avg Total Assets 38.36b) |
| D: 0.05 (Book Value of Equity 830.6m / Total Liabilities 16.53b) |
| Altman-Z'' Score: 1.37 = BB |
Beneish M -2.94
| DSRI: 1.08 (Receivables 6.82b/6.74b, Revenue 19.10b/20.42b) |
| GMI: 1.09 (GM 42.08% / 45.73%) |
| AQI: 1.06 (AQ_t 0.51 / AQ_t-1 0.49) |
| SGI: 0.94 (Revenue 19.10b / 20.42b) |
| TATA: -0.04 (NI 604.2m - CFO 2.19b) / TA 37.58b) |
| Beneish M-Score: -2.94 (Cap -4..+1) = A |
What is the price of NOK shares?
As of March 26, 2026, the stock is trading at USD 8.41 with a total of 55,987,227 shares traded.
Over the past week, the price has changed by +0.60%, over one month by +11.10%, over three months by +27.54% and over the past year by +62.29%.
Over the past week, the price has changed by +0.60%, over one month by +11.10%, over three months by +27.54% and over the past year by +62.29%.
Is NOK a buy, sell or hold?
Nokia has received a consensus analysts rating of 3.55.
Therefor, it is recommend to hold NOK.
- StrongBuy: 2
- Buy: 3
- Hold: 5
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the NOK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 7.6 | -10.1% |
| Analysts Target Price | 7.6 | -10.1% |
NOK Fundamental Data Overview March 21, 2026
Market Cap EUR = 39.98b (46.34b USD * 0.8629 USD.EUR)
P/E Trailing = 63.8462
P/E Forward = 23.31
P/S = 2.3297
P/B = 1.9153
P/EG = 0.8383
Revenue TTM = 19.10b EUR
EBIT TTM = 861.6m EUR
EBITDA TTM = 1.94b EUR
Long Term Debt = 2.33b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.29b EUR (from shortTermDebt, last quarter)
Debt = 5.21b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -251.9m EUR (from netDebt column, last quarter)
Enterprise Value = 39.73b EUR (39.98b + Debt 5.21b - CCE 5.46b)
Interest Coverage Ratio = 3.93 (Ebit TTM 861.6m / Interest Expense TTM 219.0m)
EV/FCF = 25.64x (Enterprise Value 39.73b / FCF TTM 1.55b)
FCF Yield = 3.90% (FCF TTM 1.55b / Enterprise Value 39.73b)
FCF Margin = 8.11% (FCF TTM 1.55b / Revenue TTM 19.10b)
Net Margin = 3.16% (Net Income TTM 604.2m / Revenue TTM 19.10b)
Gross Margin = 42.08% ((Revenue TTM 19.10b - Cost of Revenue TTM 11.07b) / Revenue TTM)
Gross Margin QoQ = 39.96% (prev 43.70%)
Tobins Q-Ratio = 1.06 (Enterprise Value 39.73b / Total Assets 37.58b)
Interest Expense / Debt = 4.21% (Interest Expense 219.0m / Debt 5.21b)
Taxrate = 9.43% (53.1m / 562.9m)
NOPAT = 780.4m (EBIT 861.6m * (1 - 9.43%))
Current Ratio = 1.58 (Total Current Assets 15.79b / Total Current Liabilities 10.00b)
Debt / Equity = 0.25 (Debt 5.21b / totalStockholderEquity, last quarter 20.96b)
Debt / EBITDA = -0.13 (Net Debt -251.9m / EBITDA 1.94b)
Debt / FCF = -0.16 (Net Debt -251.9m / FCF TTM 1.55b)
Total Stockholder Equity = 20.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.57% (Net Income 604.2m / Total Assets 37.58b)
RoE = 2.98% (Net Income TTM 604.2m / Total Stockholder Equity 20.25b)
RoCE = 3.82% (EBIT 861.6m / Capital Employed (Equity 20.25b + L.T.Debt 2.33b))
RoIC = 3.30% (NOPAT 780.4m / Invested Capital 23.68b)
WACC = 8.38% (E(39.98b)/V(45.19b) * Re(8.97%) + D(5.21b)/V(45.19b) * Rd(4.21%) * (1-Tc(0.09)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.19%
[DCF] Terminal Value 70.95% ; FCFF base≈1.76b ; Y1≈1.26b ; Y5≈686.4m
[DCF] Fair Price = 2.27 (EV 12.40b - Net Debt -251.9m = Equity 12.65b / Shares 5.58b; r=8.38% [WACC]; 5y FCF grow -33.40% → 3.0% )
EPS Correlation: -12.22 | EPS CAGR: 26.10% | SUE: 0.69 | # QB: 0
Revenue Correlation: -54.88 | Revenue CAGR: -0.04% | SUE: -0.51 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.06 | Chg7d=-0.000 | Chg30d=-0.000 | Revisions Net=-2 | Analysts=5
EPS current Year (2026-12-31): EPS=0.37 | Chg7d=-0.001 | Chg30d=-0.004 | Revisions Net=-2 | Growth EPS=+5.5% | Growth Revenue=+2.9%
EPS next Year (2027-12-31): EPS=0.43 | Chg7d=+0.000 | Chg30d=-0.003 | Revisions Net=-2 | Growth EPS=+19.1% | Growth Revenue=+3.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.4% (Discount Rate 9.0% - Earnings Yield 1.6%)
[Growth] Growth Spread = -3.1% (Analyst 4.3% - Implied 7.4%)
P/E Trailing = 63.8462
P/E Forward = 23.31
P/S = 2.3297
P/B = 1.9153
P/EG = 0.8383
Revenue TTM = 19.10b EUR
EBIT TTM = 861.6m EUR
EBITDA TTM = 1.94b EUR
Long Term Debt = 2.33b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.29b EUR (from shortTermDebt, last quarter)
Debt = 5.21b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -251.9m EUR (from netDebt column, last quarter)
Enterprise Value = 39.73b EUR (39.98b + Debt 5.21b - CCE 5.46b)
Interest Coverage Ratio = 3.93 (Ebit TTM 861.6m / Interest Expense TTM 219.0m)
EV/FCF = 25.64x (Enterprise Value 39.73b / FCF TTM 1.55b)
FCF Yield = 3.90% (FCF TTM 1.55b / Enterprise Value 39.73b)
FCF Margin = 8.11% (FCF TTM 1.55b / Revenue TTM 19.10b)
Net Margin = 3.16% (Net Income TTM 604.2m / Revenue TTM 19.10b)
Gross Margin = 42.08% ((Revenue TTM 19.10b - Cost of Revenue TTM 11.07b) / Revenue TTM)
Gross Margin QoQ = 39.96% (prev 43.70%)
Tobins Q-Ratio = 1.06 (Enterprise Value 39.73b / Total Assets 37.58b)
Interest Expense / Debt = 4.21% (Interest Expense 219.0m / Debt 5.21b)
Taxrate = 9.43% (53.1m / 562.9m)
NOPAT = 780.4m (EBIT 861.6m * (1 - 9.43%))
Current Ratio = 1.58 (Total Current Assets 15.79b / Total Current Liabilities 10.00b)
Debt / Equity = 0.25 (Debt 5.21b / totalStockholderEquity, last quarter 20.96b)
Debt / EBITDA = -0.13 (Net Debt -251.9m / EBITDA 1.94b)
Debt / FCF = -0.16 (Net Debt -251.9m / FCF TTM 1.55b)
Total Stockholder Equity = 20.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.57% (Net Income 604.2m / Total Assets 37.58b)
RoE = 2.98% (Net Income TTM 604.2m / Total Stockholder Equity 20.25b)
RoCE = 3.82% (EBIT 861.6m / Capital Employed (Equity 20.25b + L.T.Debt 2.33b))
RoIC = 3.30% (NOPAT 780.4m / Invested Capital 23.68b)
WACC = 8.38% (E(39.98b)/V(45.19b) * Re(8.97%) + D(5.21b)/V(45.19b) * Rd(4.21%) * (1-Tc(0.09)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.19%
[DCF] Terminal Value 70.95% ; FCFF base≈1.76b ; Y1≈1.26b ; Y5≈686.4m
[DCF] Fair Price = 2.27 (EV 12.40b - Net Debt -251.9m = Equity 12.65b / Shares 5.58b; r=8.38% [WACC]; 5y FCF grow -33.40% → 3.0% )
EPS Correlation: -12.22 | EPS CAGR: 26.10% | SUE: 0.69 | # QB: 0
Revenue Correlation: -54.88 | Revenue CAGR: -0.04% | SUE: -0.51 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.06 | Chg7d=-0.000 | Chg30d=-0.000 | Revisions Net=-2 | Analysts=5
EPS current Year (2026-12-31): EPS=0.37 | Chg7d=-0.001 | Chg30d=-0.004 | Revisions Net=-2 | Growth EPS=+5.5% | Growth Revenue=+2.9%
EPS next Year (2027-12-31): EPS=0.43 | Chg7d=+0.000 | Chg30d=-0.003 | Revisions Net=-2 | Growth EPS=+19.1% | Growth Revenue=+3.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 7.4% (Discount Rate 9.0% - Earnings Yield 1.6%)
[Growth] Growth Spread = -3.1% (Analyst 4.3% - Implied 7.4%)