(NOA3) Nokia - Overview
Sector: Technology | Industry: Communication Equipment | Exchange: XETRA (Germany) | Market Cap: 68.135m EUR | Total Return: 185.9% in 12m
Network Infrastructure, Mobile Networks, Cloud Software, Patent Licensing
Total Rating 64
Safety 89
Buy Signal 1.94
Communication Equipment
Industry Rotation: -1.1
Industry Rotation: -1.1
Market Cap:
79.2B
Avg Turnover: 10.3M
Avg Turnover: 10.3M
Risk 3d forecast
Volatility47.3%
VaR 5th Pctl6.49%
VaR vs Median-25.2%
Reward TTM
Sharpe Ratio2.26
Rel. Str. IBD98.1
Rel. Str. Peer Group77.3
Character TTM
Beta0.742
Beta Downside0.187
Hurst Exponent0.466
Drawdowns 3y
Max DD29.20%
CAGR/Max DD1.79
CAGR/Mean DD5.53
EPS (Earnings per Share)
EPS CAGR: -31.43%
EPS Trend: -45.9%
EPS Trend: -45.9%
Qual. Beats: 0
Revenue
Rev. CAGR: -7.57%
Rev. Trend: -76.4%
Rev. Trend: -76.4%
Last SUE: -0.54
Qual. Beats: 0
Qual. Beats: 0
Warnings
P/E ratio 87.2
Tailwinds
Supp Ema8, Supp Ema20, Leader, Tailwind, Avwap Ph Week
Description: NOA3 Nokia
Nokia Corporation is a Finland-based global provider of telecommunications infrastructure and software services. The company operates across four primary segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. Its portfolio spans fiber and copper fixed-line technologies, IP routing, optical transport, and 5G radio access networks.
The business model relies heavily on long-term infrastructure contracts with service providers and the licensing of a vast portfolio of intellectual property and patents. As a key player in the Communications Equipment sub-industry, Nokia competes in a highly consolidated market where research and development investment is critical for maintaining technical standards in 5G and cloud-native networking.
Beyond traditional carrier services, Nokia has diversified into private wireless networks and network APIs for industrial, defense, and transportation sectors. For a deeper look into these specific business segments, consider exploring the data on ValueRay.
- 5G infrastructure spending slowdown in North American and Indian markets
- Patent licensing renewals and litigation outcomes drive high-margin technology revenue
- Cost reduction initiatives and workforce downsizing targets improve operating margins
- Geopolitical shifts and vendor diversification away from Chinese competitors create market share opportunities
- Enterprise demand for private wireless networks offsets carrier capital expenditure volatility
Piotroski VR‑10 (Strict)
6.0
| 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: 27.16% < 20% (prev 22.60%; Δ 4.55% < -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 (5.72b) vs 12m ago 6.38% < -2% |
| Gross Margin: 44.24% > 18% (prev 0.44%; Δ 4.38k% > 0.5%) |
| Asset Turnover: 52.26% > 50% (prev 48.81%; Δ 3.44% > 0%) |
| Interest Coverage Ratio: 175.1 > 6 (EBITDA TTM 2.29b / Interest Expense TTM 7.00m) |
Altman Z''
2.68
| A: 0.15 (Total Current Assets 15.01b - Total Current Liabilities 9.58b) / Total Assets 37.29b |
| B: 0.05 (Retained Earnings 1.77b / Total Assets 37.29b) |
| C: 0.03 (EBIT TTM 1.23b / Avg Total Assets 38.27b) |
| D: 1.29 (Book Value of Equity 20.68b / Total Liabilities 16.01b) |
| Altman-Z'' = 2.68 = A |
Beneish M
-3.06
| DSRI: 0.96 (Receivables 6.51b/6.53b, Revenue 20.00b/19.16b) |
| GMI: 1.00 (GM 44.24% / 44.12%) |
| AQI: 1.01 (AQ_t 0.53 / AQ_t-1 0.52) |
| SGI: 1.04 (Revenue 20.00b / 19.16b) |
| TATA: -0.03 (NI 1.03b - CFO 2.08b) / TA 37.29b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
What is the price of NOA3 shares?
As of May 23, 2026, the stock is trading at EUR 12.07 with a total of 443,597 shares traded.
Over the past week, the price has changed by +11.21%, over one month by +56.15%, over three months by +106.98% and over the past year by +185.87%.
Over the past week, the price has changed by +11.21%, over one month by +56.15%, over three months by +106.98% and over the past year by +185.87%.
Is NOA3 a buy, sell or hold?
Nokia has no consensus analysts rating.
What are the forecasts/targets for the NOA3 price?
| Analysts Target Price | - | - |
Nokia (NOA3) - Fundamental Data Overview
as of 19 May 2026
Market Cap USD = 79.21b (68.13b EUR * 1.1625 EUR.USD)P/E Trailing = 87.1786
P/E Forward = 33.0033
P/S = 3.4074
P/B = 2.8742
P/EG = 1.2122
Revenue TTM = 20.00b 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 = 66.28b EUR (68.13b + Debt 4.27b - CCE 6.12b)
Interest Coverage Ratio = 175.1 (Ebit TTM 1.23b / Interest Expense TTM 7.00m)
EV/FCF = 45.42x (Enterprise Value 66.28b / FCF TTM 1.46b)
FCF Yield = 2.20% (FCF TTM 1.46b / Enterprise Value 66.28b)
FCF Margin = 7.30% (FCF TTM 1.46b / Revenue TTM 20.00b)
Net Margin = 5.15% (Net Income TTM 1.03b / Revenue TTM 20.00b)
Gross Margin = 44.24% ((Revenue TTM 20.00b - Cost of Revenue TTM 11.15b) / Revenue TTM)
Gross Margin QoQ = 44.21% (prev 45.00%)
Tobins Q-Ratio = 1.78 (Enterprise Value 66.28b / Total Assets 37.29b)
Interest Expense / Debt = 0.16% (Interest Expense 7.00m / Debt 4.27b)
Taxrate = 30.27% (277.0m / 915.0m)
NOPAT = 854.9m (EBIT 1.23b * (1 - 30.27%))
Current Ratio = 1.57 (Total Current Assets 15.01b / Total Current Liabilities 9.58b)
Debt / Equity = 0.20 (Debt 4.27b / totalStockholderEquity, last quarter 21.18b)
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 = 20.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.69% (Net Income 1.03b / Total Assets 37.29b)
RoE = 5.06% (Net Income TTM 1.03b / Total Stockholder Equity 20.36b)
RoCE = 5.40% (EBIT 1.23b / Capital Employed (Equity 20.36b + L.T.Debt 2.34b))
RoIC = 3.92% (NOPAT 854.9m / Invested Capital 21.82b)
WACC = 8.09% (E(68.13b)/V(72.41b) * Re(8.59%) + D(4.27b)/V(72.41b) * Rd(0.16%) * (1-Tc(0.30)))
Discount Rate = 8.59% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.22 | Cagr: 1.58%
[DCF] Terminal Value 74.49% ; FCFF base≈1.59b ; Y1≈1.28b ; Y5≈875.3m
[DCF] Fair Price = 3.22 (EV 16.12b - Net Debt -1.85b = Equity 17.97b / Shares 5.58b; r=8.09% [WACC]; 5y FCF grow -23.55% → 3.0% )
EPS Correlation: -45.85 | EPS CAGR: -31.43% | SUE: N/A | # QB: 0
Revenue Correlation: -76.39 | Revenue CAGR: -7.57% | SUE: -0.54 | # QB: 0