Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has Nokian Renkaat Oyj's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NRE1's share price has been volatile over the past 3 months.
7 Day Return
AT Auto Components
1 Year Return
AT Auto Components
Return vs Industry: Insufficient data to determine how NRE1 performed against the Austrian Auto Components industry.
Return vs Market: Insufficient data to determine how NRE1 performed against the Austrian Market.
Price Volatility Vs. Market
How volatile is Nokian Renkaat Oyj's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Nokian Renkaat Oyj undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NRE1 (€19.5) is trading below our estimate of fair value (€25.59)
Significantly Below Fair Value: NRE1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NRE1 is good value based on its PE Ratio (6.7x) compared to the Auto Components industry average (8.7x).
PE vs Market: NRE1 is good value based on its PE Ratio (6.7x) compared to the Austrian market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: NRE1's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NRE1 is overvalued based on its PB Ratio (1.5x) compared to the XE Auto Components industry average (0.7x).
How is Nokian Renkaat Oyj forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRE1's earnings are forecast to decline over the next 3 years (-19.3% per year).
Earnings vs Market: NRE1's earnings are forecast to decline over the next 3 years (-19.3% per year).
High Growth Earnings: NRE1's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NRE1's revenue (1.2% per year) is forecast to grow slower than the Austrian market (2% per year).
High Growth Revenue: NRE1's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NRE1's Return on Equity is forecast to be low in 3 years time (12.8%).
How has Nokian Renkaat Oyj performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRE1 has a high level of non-cash earnings.
Growing Profit Margin: NRE1's current net profit margins (25.1%) are higher than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: NRE1's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: NRE1's earnings growth over the past year (35.5%) exceeds its 5-year average (12.2% per year).
Earnings vs Industry: NRE1 earnings growth over the past year (35.5%) exceeded the Auto Components industry -5.1%.
Return on Equity
High ROE: NRE1's Return on Equity (22.6%) is considered high.
How is Nokian Renkaat Oyj's financial position?
Financial Position Analysis
Short Term Liabilities: NRE1's short term assets (€1.2B) exceed its short term liabilities (€296.4M).
Long Term Liabilities: NRE1's short term assets (€1.2B) exceed its long term liabilities (€266.5M).
Debt to Equity History and Analysis
Debt Level: NRE1's debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: NRE1's debt to equity ratio has reduced from 22.6% to 7.6% over the past 5 years.
Debt Coverage: NRE1's debt is well covered by operating cash flow (162.6%).
Interest Coverage: NRE1's interest payments on its debt are well covered by EBIT (64.1x coverage).
What is Nokian Renkaat Oyj's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRE1's dividend (4.06%) is higher than the bottom 25% of dividend payers in the Austrian market (1.87%).
High Dividend: NRE1's dividend (4.06%) is low compared to the top 25% of dividend payers in the Austrian market (5.96%).
Stability and Growth of Payments
Stable Dividend: NRE1's dividend payments have been volatile in the past 10 years.
Growing Dividend: NRE1's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.3%), NRE1's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NRE1's dividends in 3 years are forecast to be covered by earnings (84.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hille Korhonen (58yo)
Ms. Hille Korhonen, Lic. Tech., has been the Chief Executive Officer and President of Nokian Renkaat Oyj since June 1, 2017. Ms. Korhonen served as the Chief Executive Officer and President of Alko Inc., u ...
|President & CEO||2.83yrs||no data||0.034% €935.4k|
|Chief Financial Officer||1.75yrs||no data||0.0051% €138.9k|
|Plant Manager & Operations Director||1.5yrs||no data||no data|
|Director of Administration & Sales||no data||€4.80k||no data|
|Senior Vice President of Investor Relations & Corporate Communications||1.92yrs||no data||0.00091% €25.0k|
|Vice President of Products & Marketing||1.25yrs||no data||0.0032% €87.6k|
|Executive VP and GM of Russia & Asia Business Area||11.25yrs||no data||0.050% €1.4m|
|Senior Vice President of People & Culture||2yrs||no data||0.0022% €59.3k|
|MD of Central Europe & Interim Head of Business Area - Central Europe||no data||no data||no data|
|Senior Vice President of Central Europe||0.75yr||no data||no data|
Experienced Management: NRE1's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|Independent Director||4yrs||€54.00k||0.0019% €51.3k|
|Independent Deputy Chairman||2yrs||€75.90k||0.0015% €41.7k|
|Independent Director||6yrs||€78.90k||0.0036% €98.0k|
|Independent Chairman of the Board||no data||no data||no data|
|Independent Director||2yrs||€52.20k||0.0010% €27.7k|
|Independent Director||6yrs||€54.00k||0.0029% €78.8k|
|Independent Director||3yrs||€53.40k||0.0014% €38.2k|
|Independent Director||4yrs||€57.00k||0.0019% €51.3k|
Experienced Board: NRE1's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nokian Renkaat Oyj's company bio, employee growth, exchange listings and data sources
- Name: Nokian Renkaat Oyj
- Ticker: NRE1
- Exchange: WBAG
- Founded: 1898
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: €2.745b
- Shares outstanding: 138.72m
- Website: https://www.nokiantyres.com
Number of Employees
- Nokian Renkaat Oyj
- Pirkkalaistie 7
- PO Box 20
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NKRK.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 1995|
|TYRES||HLSE (OMX Nordic Exchange Helsinki)||Yes||Ordinary Shares||FI||EUR||Jun 1995|
|NRE||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 1995|
|0FFY||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 1995|
|NRE1||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jun 1995|
|NKRK.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Sep 2011|
Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor segments. The Passenger Car Tyres segment develops and produces summer and winter tires for cars and vans. The Heavy Tyres segment offers tires for forestry machinery; and special tires for agricultural machinery, tractors, and industrial machinery, as well as retreading materials and truck tires. The Vianor Tyre segment sells car and van tires, as well as truck tires under the Nokian brand, and other tire brands; and other automotive products and services. The company offers its products through its own Vianor service centers and service centers run by partners, the Nokian Tyres Authorized Dealer (NAD) partners, the N-Tyre retailers, and other tire and vehicle retailers, as well as online stores. As of December 31, 2019, it operated 1,170 Vianor service centers; 2,182 NAD stores; and 133 N-Tyre stores. The company was founded in 1898 and is headquartered in Nokia, Finland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 05:29|
|End of Day Share Price||2020/04/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.