NOKIA-SEK Stock Analysis: Nokia | ST
Communication Equipment | ST, Sweden | Market Cap: 643.108m SEK | 12M Return: 136% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 94.6M
EPS Trend: -57.9%
Qual. Beats: 0
Rev. Trend: -76.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Nokia Oyj is a Finnish telecommunications equipment and network solutions provider, founded in 1865 and headquartered in Espoo, Finland. The company operates through four segments-Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies-offering fixed and optical networking gear, mobile radio access and microwave products, cloud and 5G core software, and intellectual property licensing. It serves communications service providers as well as verticals such as defense, energy, enterprise, public sector, and transportation across North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa.
Nokia is one of the worlds principal telecom network infrastructure vendors, competing alongside companies such as Ericsson and Huawei in supplying mobile network equipment to operators. Its business model combines hardware sales (base stations, routers, optical systems) with a growing software and services layer covering network management, private wireless, and 5G core solutions, supplemented by patent and brand licensing revenue from its Nokia Technologies unit.
- 5G core and private wireless demand lift Cloud segment margins
- Optical Networks revenue grows on AI data center connectivity demand
- Mobile Networks margins face pressure from Ericsson and Samsung competition
| Net Income: 1.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -0.64 > 1.0 |
| NWC/Revenue: 27.17% < 20% (prev 22.60%; Δ 4.56% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.08b > Net Income 1.03b |
| Net Debt (-1.85b) to EBITDA (2.29b): -0.81 < 3 |
| Current Ratio: 1.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.62b) vs 12m ago 4.40% < -2% |
| Gross Margin: 44.24% > 18% (prev -133.2%; Δ 177.5% > 0.5%) |
| Asset Turnover: 52.24% > 50% (prev 48.82%; Δ 3.43% > 0%) |
| Interest Coverage Ratio: 5.60 > 6 (EBIT TTM 1.23b / Interest Expense TTM 219.0m) |
| A: 0.15 (Total Current Assets 15.0b - Total Current Liabilities 9.58b) / Total Assets 37.3b |
| B: 0.05 (Retained Earnings 1.77b / Total Assets 37.3b) |
| C: 0.03 (EBIT TTM 1.23b / Avg Total Assets 38.3b) |
| D: 1.32 (Book Value of Equity 21.2b / Total Liabilities 16.0b) |
| Altman-Z'' = 2.71 = A |
| DSRI: 0.96 (Receivables 6.51b/6.53b, Revenue 20.0b/19.2b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 1.01 (AQ_t 0.53 / AQ_t-1 0.52) |
| SGI: 1.04 (Revenue 20.0b / 19.2b) |
| TATA: -0.03 (NI 1.03b - CFO 2.08b) / TA 37.3b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of July 09, 2026, the stock is trading at SEK 113.60 with a total of 657,195 shares traded. Over the past week, the price has changed by -9.88%, over one month by -19.06%, over three months by +31.07% and over the past year by +136.01%.
Current recommended Stop Loss: 105.30 (which is 7.3% or 1.1 ATR below the current price).
Nokia has no consensus analysts rating.
Market Cap EUR = 58.1b (643b SEK * 0.0904 SEK.EUR)
P/E Trailing = 74.3226
P/E Forward = 33.3333
P/S = 32.1618
P/B = 2.8953
P/EG = 1.2212
Revenue TTM = 20.0b EUR
EBIT TTM = 1.23b EUR
EBITDA TTM = 2.29b EUR
Long Term Debt = 2.34b EUR (from longTermDebt, last quarter)
Short Term Debt = 235.0m EUR (from shortTermDebt, last quarter)
Debt = 4.27b EUR (from shortLongTermDebtTotal, last quarter) + Leases 947.0m
Net Debt = -1.85b EUR (calculated: Debt 4.27b - CCE 6.12b)
Enterprise Value = 56.3b EUR (58.1b + Debt 4.27b - CCE 6.12b)
Interest Coverage Ratio = 5.60 (Ebit TTM 1.23b / Interest Expense TTM 219.0m)
EV/FCF = 38.57x (Enterprise Value 56.3b / FCF TTM 1.46b)
FCF Yield = 2.59% (FCF TTM 1.46b / Enterprise Value 56.3b)
FCF Margin = 7.30% (FCF TTM 1.46b / Revenue TTM 20.0b)
Net Margin = 5.15% (Net Income TTM 1.03b / Revenue TTM 20.0b)
Gross Margin = 44.24% ((Revenue TTM 20.0b - Cost of Revenue TTM 11.1b) / Revenue TTM)
Gross Margin QoQ = 44.21% (prev 45.00%)
Tobins Q-Ratio = 1.51 (Enterprise Value 56.3b / Total Assets 37.3b)
Interest Expense / Debt = 5.13% (Interest Expense 219.0m / Debt 4.27b)
Taxrate = 25.64% (353.9m / 1.38b)
NOPAT = 911.3m (EBIT 1.23b * (1 - 25.64%))
Current Ratio = 1.57 (Total Current Assets 15.0b / Total Current Liabilities 9.58b)
Debt / Equity = 0.20 (Debt 4.27b / totalStockholderEquity, last quarter 21.2b)
Debt / EBITDA = -0.81 (Net Debt -1.85b / EBITDA 2.29b)
Debt / FCF = -1.27 (Net Debt -1.85b / FCF TTM 1.46b)
Total Stockholder Equity = 20.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.69% (Net Income 1.03b / Total Assets 37.3b)
RoE = 5.06% (Net Income TTM 1.03b / Total Stockholder Equity 20.4b)
RoCE = 5.40% (EBIT 1.23b / Capital Employed (Equity 20.4b + L.T.Debt 2.34b))
RoIC = 3.38% (NOPAT 911.3m / Invested Capital 26.9b)
WACC = 8.77% (E(58.1b)/V(62.4b) * Re(9.13%) + D(4.27b)/V(62.4b) * Rd(5.13%) * (1-Tc(0.26)))
Discount Rate = 9.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 4.49 | Cagr: 0.74%
[DCF] Terminal Value 71.55% ; FCFF base≈1.59b ; Y1≈1.39b ; Y5≈1.13b
[DCF] Fair Price = 3.36 (EV 16.9b - Net Debt -1.85b = Equity 18.8b / Shares 5.58b; r=8.77% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -57.86 | EPS CAGR: -8.86% | SUE: -0.54 | # QB: 0
Revenue Correlation: -76.45 | Revenue CAGR: -7.58% | SUE: -0.47 | # QB: 0
EPS current Quarter (2025-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2025-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2025-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=-2.2%
EPS next Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+4.8%