Nokia Oyj's (HEL:NOKIA) Intrinsic Value Is Potentially 51% Above Its Share Price
Jan 01
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Finnish (OMX) Market Analysis & Valuation
UpdatedJan 05, 2025
DataAggregated Company Financials
Companies170
- 7D1.5%
- 3M-6.0%
- 1Y-7.1%
- YTD-0.3%
Over the last 7 days, the market has risen 1.5%, driven by gains of 2.0% in the Financials sector. In contrast, the market has seen a decline of 7.1% over the last 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
Trending IndustriesSoftware
Market Valuation and Performance
Has the Finnish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 05 Jan 2025 | €251.2b | €199.2b | €14.7b | 18.1x | 17x | 1.3x |
| Tue, 03 Dec 2024 | €251.5b | €199.9b | €14.7b | 17.9x | 17.1x | 1.3x |
| Thu, 31 Oct 2024 | €259.2b | €199.8b | €14.6b | 18.2x | 17.8x | 1.3x |
| Sat, 28 Sep 2024 | €234.0b | €188.3b | €9.6b | 18.7x | 24.5x | 1.2x |
| Mon, 26 Aug 2024 | €226.0b | €188.2b | €9.5b | 18.6x | 23.7x | 1.2x |
| Wed, 24 Jul 2024 | €218.1b | €189.5b | €10.2b | 18.2x | 21.4x | 1.2x |
| Fri, 21 Jun 2024 | €224.8b | €191.0b | €10.0b | 18.8x | 22.5x | 1.2x |
| Sun, 19 May 2024 | €231.7b | €190.9b | €10.0b | 18.5x | 23.2x | 1.2x |
| Tue, 16 Apr 2024 | €221.8b | €195.5b | €10.2b | 17.6x | 21.7x | 1.1x |
| Thu, 14 Mar 2024 | €219.2b | €195.1b | €10.2b | 17.2x | 21.6x | 1.1x |
| Sat, 10 Feb 2024 | €220.6b | €195.9b | €9.3b | 18.5x | 23.8x | 1.1x |
| Mon, 08 Jan 2024 | €231.2b | €202.7b | €12.9b | 19x | 18x | 1.1x |
| Wed, 06 Dec 2023 | €221.2b | €202.6b | €12.9b | 18.2x | 17.2x | 1.1x |
| Fri, 03 Nov 2023 | €214.1b | €203.1b | €11.0b | 17.7x | 19.4x | 1.1x |
| Sun, 01 Oct 2023 | €218.4b | €208.3b | €12.8b | 18.7x | 17x | 1x |
| Tue, 29 Aug 2023 | €222.2b | €209.1b | €12.9b | 19.2x | 17.3x | 1.1x |
| Thu, 27 Jul 2023 | €230.4b | €210.6b | €16.9b | 18.5x | 13.6x | 1.1x |
| Sat, 24 Jun 2023 | €228.3b | €210.8b | €17.3b | 18.7x | 13.2x | 1.1x |
| Mon, 22 May 2023 | €242.3b | €210.7b | €17.3b | 19.6x | 14x | 1.1x |
| Wed, 19 Apr 2023 | €251.7b | €208.8b | €16.9b | 19.6x | 14.9x | 1.2x |
| Fri, 17 Mar 2023 | €244.3b | €208.9b | €16.9b | 19.3x | 14.5x | 1.2x |
| Sun, 12 Feb 2023 | €258.4b | €314.7b | €29.0b | 17x | 8.9x | 0.8x |
| Tue, 10 Jan 2023 | €262.9b | €310.1b | €14.1b | 16.1x | 18.6x | 0.8x |
| Thu, 08 Dec 2022 | €258.6b | €309.6b | €14.1b | 15.8x | 18.4x | 0.8x |
| Sat, 05 Nov 2022 | €234.5b | €194.0b | €15.2b | 15.8x | 15.4x | 1.2x |
| Mon, 03 Oct 2022 | €220.8b | €186.3b | €15.5b | 14.9x | 14.2x | 1.2x |
| Wed, 31 Aug 2022 | €242.0b | €186.2b | €15.5b | 16.5x | 15.6x | 1.3x |
| Fri, 29 Jul 2022 | €247.6b | €316.8b | €13.2b | 17x | 18.8x | 0.8x |
| Sun, 26 Jun 2022 | €241.1b | €313.7b | €13.1b | 16.7x | 18.4x | 0.8x |
| Tue, 24 May 2022 | €257.9b | €313.6b | €13.1b | 17.4x | 19.6x | 0.8x |
| Thu, 21 Apr 2022 | €270.5b | €285.9b | €16.5b | 19x | 16.4x | 0.9x |
| Sat, 19 Mar 2022 | €267.3b | €284.1b | €14.7b | 19.2x | 18.1x | 0.9x |
| Mon, 14 Feb 2022 | €287.5b | €254.8b | €13.5b | 22x | 21.3x | 1.1x |
| Wed, 12 Jan 2022 | €305.1b | €247.4b | €8.8b | 23.8x | 34.7x | 1.2x |
Price to Earnings Ratio
34.7x
Current Market PE
- Investors are relatively neutral on the Finnish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 18.6x.
Past Earnings Growth
- The earnings for Finnish listed companies have grown 19% per year over the last three years.
- Meanwhile revenues for these companies have declined 7.0% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Finnish Market?
| FI Market | 1.48% | |
| Energy | 10.82% | |
| Utilities | 4.05% | |
| Healthcare | 2.45% | |
| Financials | 1.99% | |
| Materials | 1.15% | |
| Consumer Discretionary | 1.07% | |
| Tech | 0.49% | |
| Telecom | 0.38% | |
| Industrials | 0.18% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Consumer Staples | -0.24% | |
| Real Estate | -0.60% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 43.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 48.3% which is higher than its past year's earnings decline of 7.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 84% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 9.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| NESTE Neste Oyj | €13.06 | 10.8% +€979.5m | -59.7% | PE22.8x | Energy | |
| NDA FI Nordea Bank Abp | €10.68 | 2.2% +€803.1m | -9.0% | PB1.2x | Financials | |
| FORTUM Fortum Oyj | €14.12 | 4.1% +€493.5m | 0.7% | PE10.3x | Utilities | |
| SAMPO Sampo Oyj | €39.68 | 1.4% +€296.0m | -0.04% | PE16.8x | Financials | |
| UPM UPM-Kymmene Oyj | €26.86 | 1.1% +€154.7m | -22.7% | PE20.6x | Materials |
