(NOK) Nokia - Ratings and Ratios
Fiber,Router,Radio,Software,Licenses
NOK EPS (Earnings per Share)
NOK Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 36.2% |
| Value at Risk 5%th | 50.0% |
| Relative Tail Risk | -16.01% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.20 |
| Alpha | 43.94 |
| Character TTM | |
|---|---|
| Hurst Exponent | |
| Beta | 0.627 |
| Beta Downside | 0.695 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.70% |
| Mean DD | 14.75% |
| Median DD | 14.54% |
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 | 36,876m |
| Sub-Industry | Communications Equipment |
| IPO / Inception | 1994-01-03 |
| Return 12m vs S&P 500 | 34.9% |
| Analyst Rating | 3.55 of 5 |
NOK Dividends
| Dividend Yield | 2.22% |
| Yield on Cost 5y | 4.28% |
| Yield CAGR 5y | 51.50% |
| Payout Consistency | 74.8% |
| Payout Ratio | 48.2% |
NOK Growth Ratios
| CAGR 3y | 15.90% |
| CAGR/Max DD Calmar Ratio | 0.41 |
| CAGR/Mean DD Pain Ratio | 1.08 |
| Current Volume | 30804.5k |
| Average Volume | 48750.5k |
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (1.17b TTM) > 0 and > 6% of Revenue (6% = 1.19b TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -6.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 23.54% (prev 38.07%; Δ -14.54pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 1.90b > Net Income 1.17b (YES >=105%, WARN >=100%) |
| Net Debt (-827.0m) to EBITDA (2.85b) ratio: -0.29 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.48 (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 -0.79% (target <= -2.0% for YES) |
| Gross Margin 44.20% (prev 46.33%; Δ -2.14pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 53.44% (prev 49.23%; Δ 4.20pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 253.1 (EBITDA TTM 2.85b / Interest Expense TTM 7.00m) >= 6 (WARN >= 3) |
Altman Z'' 1.58
| (A) 0.13 = (Total Current Assets 14.37b - Total Current Liabilities 9.72b) / Total Assets 36.04b |
| (B) 0.04 = Retained Earnings (Balance) 1.48b / Total Assets 36.04b |
| (C) 0.05 = EBIT TTM 1.77b / Avg Total Assets 36.96b |
| (D) 0.27 = Book Value of Equity 4.35b / Total Liabilities 16.37b |
| Total Rating: 1.58 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 50.04
| 1. Piotroski 5.50pt = 0.50 |
| 2. FCF Yield 4.26% = 2.13 |
| 3. FCF Margin 6.52% = 1.63 |
| 4. Debt/Equity 0.21 = 2.48 |
| 5. Debt/Ebitda -0.29 = 2.50 |
| 6. ROIC - WACC (= -2.44)% = -3.05 |
| 7. RoE 5.82% = 0.48 |
| 8. Rev. Trend -65.16% = -4.89 |
| 9. EPS Trend -35.03% = -1.75 |
What is the price of NOK shares?
Over the past week, the price has changed by -1.61%, over one month by +23.53%, over three months by +63.60% and over the past year by +54.60%.
Is Nokia a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NOK is around 6.56 USD . This means that NOK is currently overvalued and has a potential downside of -2.53%.
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 | 6.7 | -0.3% |
| Analysts Target Price | 6.7 | -0.3% |
| ValueRay Target Price | 7.2 | 7.6% |
NOK Fundamental Data Overview November 06, 2025
P/E Trailing = 37.8333
P/E Forward = 13.1926
P/S = 1.8673
P/B = 1.1343
P/EG = 1.5447
Beta = 0.467
Revenue TTM = 19.75b EUR
EBIT TTM = 1.77b EUR
EBITDA TTM = 2.85b EUR
Long Term Debt = 2.92b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 913.0m EUR (from shortTermDebt, last quarter)
Debt = 4.07b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -827.0m EUR (from netDebt column, last quarter)
Enterprise Value = 30.21b EUR (31.81b + Debt 4.07b - CCE 5.67b)
Interest Coverage Ratio = 253.1 (Ebit TTM 1.77b / Interest Expense TTM 7.00m)
FCF Yield = 4.26% (FCF TTM 1.29b / Enterprise Value 30.21b)
FCF Margin = 6.52% (FCF TTM 1.29b / Revenue TTM 19.75b)
Net Margin = 5.94% (Net Income TTM 1.17b / Revenue TTM 19.75b)
Gross Margin = 44.20% ((Revenue TTM 19.75b - Cost of Revenue TTM 11.02b) / Revenue TTM)
Gross Margin QoQ = 44.15% (prev 43.36%)
Tobins Q-Ratio = 0.84 (Enterprise Value 30.21b / Total Assets 36.04b)
Interest Expense / Debt = 0.17% (Interest Expense 7.00m / Debt 4.07b)
Taxrate = 32.57% (156.0m / 479.0m)
NOPAT = 1.19b (EBIT 1.77b * (1 - 32.57%))
Current Ratio = 1.48 (Total Current Assets 14.37b / Total Current Liabilities 9.72b)
Debt / Equity = 0.21 (Debt 4.07b / totalStockholderEquity, last quarter 19.58b)
Debt / EBITDA = -0.29 (Net Debt -827.0m / EBITDA 2.85b)
Debt / FCF = -0.64 (Net Debt -827.0m / FCF TTM 1.29b)
Total Stockholder Equity = 20.17b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.26% (Net Income 1.17b / Total Assets 36.04b)
RoE = 5.82% (Net Income TTM 1.17b / Total Stockholder Equity 20.17b)
RoCE = 7.67% (EBIT 1.77b / Capital Employed (Equity 20.17b + L.T.Debt 2.92b))
RoIC = 4.96% (NOPAT 1.19b / Invested Capital 24.09b)
WACC = 7.40% (E(31.81b)/V(35.87b) * Re(8.33%) + D(4.07b)/V(35.87b) * Rd(0.17%) * (1-Tc(0.33)))
Discount Rate = 8.33% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.32%
[DCF Debug] Terminal Value 69.18% ; FCFE base≈2.25b ; Y1≈1.48b ; Y5≈675.3m
Fair Price DCF = 2.35 (DCF Value 12.64b / Shares Outstanding 5.38b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -35.03 | EPS CAGR: -26.08% | SUE: 0.28 | # QB: 0
Revenue Correlation: -65.16 | Revenue CAGR: -14.56% | SUE: 0.14 | # QB: 0
Additional Sources for NOK Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle