Update shared on31 Jul 2025
With both the discount rate and future P/E ratio for Nokia Oyj remaining essentially unchanged, the fair value estimate has been maintained at €4.43.
What's in the News
- Nokia announced new and expanded contracts, including subsea optical solutions for PT Solusi Sinergi Digital Tbk (Surge) in Indonesia and the Medusa submarine cable system, increasing regional connectivity and supporting large-scale broadband access and digital infrastructure projects.
- Nokia secured major operator agreements, including a contract extension with Elisa to enhance networks in Finland and Estonia, a partnership with Optus (Australia) to modernize 5G voice platforms, and deployments with O2 Czech Republic, Three Sweden, and Vodafone Qatar for core upgrades and advanced broadband.
- Nokia partnered with Google Cloud to make network APIs available on Google Cloud Marketplace and to expand autonomous network solutions, enabling operators and developers to leverage AI-driven automation and new network capabilities.
- The company advanced its private wireless, fiber, and fixed wireless access offerings with deployments for enterprise customers such as Maersk (private wireless for 450 vessels), CoreSite (US data centers), Memphis Light, Gas and Water (first US municipal 5G private wireless), and defense/military contracts, including collaborations with the US Marine Corps and Blackned GmbH.
- Nokia revised its full-year 2025 profit guidance downward (EUR 1.6–2.1bn from prior EUR 1.9–2.4bn), while Q2 net sales are expected at EUR 4.55bn with a EUR 300m comparable operating profit.
Valuation Changes
Summary of Valuation Changes for Nokia Oyj
- The Consensus Analyst Price Target remained effectively unchanged, at €4.43.
- The Discount Rate for Nokia Oyj remained effectively unchanged, moving only marginally from 7.20% to 7.17%.
- The Future P/E for Nokia Oyj remained effectively unchanged, moving only marginally from 16.21x to 16.15x.
Disclaimer
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