Nokia Corporation engages in the network and technology businesses worldwide.
Excellent balance sheet and fair value.
Share Price & News
How has Nokia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NOA3's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NOA3 underperformed the German Communications industry which returned -42.4% over the past year.
Return vs Market: NOA3 underperformed the German Market which returned -20.9% over the past year.
Price Volatility Vs. Market
How volatile is Nokia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Nokia 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: NOA3 (€2.93) is trading below our estimate of fair value (€6.12)
Significantly Below Fair Value: NOA3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NOA3 is poor value based on its PE Ratio (1160.6x) compared to the Communications industry average (14.8x).
PE vs Market: NOA3 is poor value based on its PE Ratio (1160.6x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: NOA3 is poor value based on its PEG Ratio (31.2x)
Price to Book Ratio
PB vs Industry: NOA3 is good value based on its PB Ratio (1.1x) compared to the DE Communications industry average (2.3x).
How is Nokia forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOA3's forecast earnings growth (37.2% per year) is above the savings rate (-0.4%).
Earnings vs Market: NOA3's earnings (37.2% per year) are forecast to grow faster than the German market (14.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NOA3's revenue (2.2% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: NOA3's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOA3's Return on Equity is forecast to be low in 3 years time (11.9%).
How has Nokia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOA3 has a large one-off loss of €495.0M impacting its December 31 2019 financial results.
Growing Profit Margin: NOA3 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NOA3's earnings have declined by -58.8% per year over the past 5 years.
Accelerating Growth: NOA3 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NOA3 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (21.9%).
Return on Equity
High ROE: NOA3's Return on Equity (0.1%) is considered low.
How is Nokia's financial position?
Financial Position Analysis
Short Term Liabilities: NOA3's short term assets (€16.8B) exceed its short term liabilities (€12.1B).
Long Term Liabilities: NOA3's short term assets (€16.8B) exceed its long term liabilities (€11.7B).
Debt to Equity History and Analysis
Debt Level: NOA3's debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: NOA3's debt to equity ratio has reduced from 31.4% to 28.1% over the past 5 years.
Debt Coverage: NOA3's debt is not well covered by operating cash flow (9%).
Interest Coverage: NOA3's interest payments on its debt are well covered by EBIT (4.7x coverage).
Inventory Level: NOA3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: NOA3's debt is covered by short term assets (assets are 3.9x debt).
What is Nokia's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOA3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NOA3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOA3's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOA3's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NOA3 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NOA3's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rajeev Suri (52yo)
Mr. Rajeev Suri has been Director at Stryker Corp. since May 02, 2018. He has been the Chief Executive Officer and President of Nokia Corporation since May 01, 2014. Mr. Suri served as the Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Rajeev's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD5.20M).
Compensation vs Earnings: Rajeev's compensation has been consistent with company performance over the past year.
|Former Advisor||5.92yrs||€7.60m||0.050% €8.1m|
|Chief Financial Officer||3.25yrs||no data||0.0062% €1.0m|
|Corporate CTO & President of Nokia Bell Labs||no data||no data||0.0012% €189.2k|
|Head of Investor Relations||no data||no data||no data|
|Chief Legal Officer||0.67yr||no data||0.00058% €94.6k|
|Senior Vice President of Communications||7.83yrs||no data||no data|
|Chief Marketing Officer||6.25yrs||no data||0.0054% €879.2k|
|Chief Human Resources Officer||0.25yr||no data||no data|
|Head of Belarussian office||13.83yrs||no data||no data|
|Executive Officer||0.25yr||no data||0.0047% €760.1k|
Experienced Management: NOA3's management team is considered experienced (4.6 years average tenure).
|Independent Non-Executive Director||2.92yrs||€215.00k||0.0012% €189.2k|
|Independent Non-Executive Director||7.92yrs||€200.00k||0.0016% €256.1k|
|Independent Vice Chairman||0.92yr||€197.00k||0.0020% €332.8k|
|Independent Chairman||7.92yrs||€440.00k||0.025% €4.0m|
|Independent Vice Chair of the Board||8.92yrs||€172.00k||0.0051% €835.2k|
|Independent Director||4.25yrs||€189.00k||0.0053% €858.0k|
|Independent Non-Executive Director||2.92yrs||€197.00k||0.00074% €120.7k|
|Independent Non-Executive Director||7.92yrs||€217.00k||0.0026% €420.8k|
|Independent Non-Executive Director||3.83yrs||€210.00k||0.0010% €168.0k|
Experienced Board: NOA3'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.
Nokia Corporation's company bio, employee growth, exchange listings and data sources
- Name: Nokia Corporation
- Ticker: NOA3
- Exchange: DB
- Founded: 1865
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: €16.312b
- Shares outstanding: 5.62b
- Website: https://www.nokia.com
Number of Employees
- Nokia Corporation
- Karakaari 7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOKB.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jan 1992|
|NOKIA||HLSE (OMX Nordic Exchange Helsinki)||Yes||Common Stock||FI||EUR||Jan 1992|
|NOA3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1992|
|NOKIA||ENXTPA (Euronext Paris)||Yes||Common Stock||FR||EUR||Jan 1992|
|NOKIA||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1992|
|0HAF||LSE (London Stock Exchange)||Yes||Common Stock||GB||EUR||Jan 1992|
|NOKIA||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jan 1992|
|NOKIA SEK||OM (OMX Nordic Exchange Stockholm)||Yes||Common Stock||SE||SEK||Jan 1992|
|NOA3||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1992|
|NOKIA||BUSE (Budapest Stock Exchange)||Yes||Common Stock||HU||HUF||Jan 1992|
|NOKIA||SEP (The Stock Exchange Prague Co. Ltd.)||Yes||Common Stock||CZ||CZK||Jan 1992|
|NOKI||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1992|
|NOK||NYSE (New York Stock Exchange)||ADR EACH REPR 1 ORD NPV||US||USD||Jul 1994|
|NOK N||BMV (Bolsa Mexicana de Valores)||ADR EACH REPR 1 ORD NPV||MX||MXN||Jul 1994|
|NOAA||BST (Boerse-Stuttgart)||ADR EACH REPR 1 ORD NPV||DE||EUR||Jul 1994|
|NOAA||XTRA (XETRA Trading Platform)||ADR EACH REPR 1 ORD NPV||DE||EUR||Jul 1994|
|0K8D||LSE (London Stock Exchange)||ADR EACH REPR 1 ORD NPV||GB||USD||Jul 1994|
|NOKA||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH REP 1/5 ADR||AR||ARS||Jan 2001|
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services. The company also offers fixed networking solutions, such as copper and fiber access products, solutions, and services. In addition, it provides network infrastructure and professional services for mobile networks; and managed services for the fixed, mobile, Internet protocol (IP), and optical domains. Further, the company offers network planning, implementation, operation, and maintenance services. Additionally, it provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, policy and charging, as well as Cloud, IoT, security, and analytics platforms; and submarine networks and radio frequency systems. The company has a strategic collaboration with Microsoft. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 22:28|
|End of Day Share Price||2020/04/06 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.