Nokian Renkaat Oyj Future Growth

Future criteria checks 4/6

Nokian Renkaat Oyj is forecast to grow earnings and revenue by 67.7% and 13.2% per annum respectively. EPS is expected to grow by 70.6% per annum. Return on equity is forecast to be 6% in 3 years.

Key information

67.7%

Earnings growth rate

70.6%

EPS growth rate

Auto Components earnings growth	21.1%
Revenue growth rate	13.2%
Future return on equity	6.0%
Analyst coverage	Good
Last updated	30 Apr 2024

Recent future growth updates

Recent updates

Is There An Opportunity With Nokian Renkaat Oyj's (HEL:TYRES) 40% Undervaluation?

Feb 15

Is Nokian Renkaat Oyj (HEL:TYRES) Using Too Much Debt?

Dec 09

When Should You Buy Nokian Renkaat Oyj (HEL:TYRES)?

Oct 26

Be Wary Of Nokian Renkaat Oyj (HEL:TYRES) And Its Returns On Capital

Sep 28

These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well

Aug 12

Is Now An Opportune Moment To Examine Nokian Renkaat Oyj (HEL:TYRES)?

May 23

Here's Why Nokian Renkaat Oyj (HEL:TYRES) Can Manage Its Debt Responsibly

Apr 27

Nokian Renkaat Oyj (HEL:TYRES) Has Announced That Its Dividend Will Be Reduced To €0.35

Apr 05

Estimating The Fair Value Of Nokian Renkaat Oyj (HEL:TYRES)

Mar 30

Nokian Renkaat Oyj (HEL:TYRES) Is Reducing Its Dividend To €0.35

Feb 11

What Is Nokian Renkaat Oyj's (HEL:TYRES) Share Price Doing?

Feb 03

These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well

Dec 09

Nokian Renkaat Oyj (HEL:TYRES) Hasn't Managed To Accelerate Its Returns

Jul 20

Should You Investigate Nokian Renkaat Oyj (HEL:TYRES) At €11.25?

Jun 29

Calculating The Fair Value Of Nokian Renkaat Oyj (HEL:TYRES)

Feb 20

Is Nokian Renkaat Oyj (HEL:TYRES) A Risky Investment?

Feb 03

Investors Met With Slowing Returns on Capital At Nokian Renkaat Oyj (HEL:TYRES)

Jan 04

Earnings and Revenue Growth Forecasts

HLSE:TYRES - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,697	115	65	235	7
12/31/2025	1,526	70	-56	198	12
12/31/2024	1,347	37	-157	203	11
3/31/2024	1,174	6	-235	53	N/A
12/31/2023	1,174	13	-170	82	N/A
9/30/2023	1,167	-32	-121	101	N/A
6/30/2023	1,225	-46	-87	93	N/A
3/31/2023	1,264	-18	-93	52	N/A
12/31/2022	1,351	15	-129	-4	N/A
9/30/2022	1,501	70	50	170	N/A
6/30/2022	1,611	150	75	188	N/A
3/31/2022	1,695	186	190	307	N/A
12/31/2021	1,714	206	277	397	N/A
9/30/2021	1,615	225	242	333	N/A
6/30/2021	1,521	208	319	421	N/A
3/31/2021	1,376	119	321	437	N/A
12/31/2020	1,314	86	273	422	N/A
9/30/2020	1,375	111	208	392	N/A
6/30/2020	1,380	110	66	296	N/A
3/31/2020	1,525	208	-37	250	N/A
12/31/2019	1,585	400	-70	220	N/A
9/30/2019	1,584	415	-55	282	N/A
6/30/2019	1,587	429	-13	297	N/A
3/31/2019	1,600	443	223	486	N/A
12/31/2018	1,596	295	310	537	N/A
9/30/2018	1,613	294	291	445	N/A
6/30/2018	1,619	239	291	431	N/A
3/31/2018	1,583	223	121	256	N/A
12/31/2017	1,573	221	N/A	234	N/A
9/30/2017	1,543	218	N/A	323	N/A
6/30/2017	1,497	267	N/A	358	N/A
3/31/2017	1,441	257	N/A	386	N/A
12/31/2016	1,391	252	N/A	364	N/A
9/30/2016	1,353	144	N/A	306	N/A
6/30/2016	1,347	142	N/A	249	N/A
3/31/2016	1,355	145	N/A	239	N/A
12/31/2015	1,360	241	N/A	283	N/A
9/30/2015	1,318	308	N/A	377	N/A
6/30/2015	1,334	303	N/A	381	N/A
3/31/2015	1,359	305	N/A	330	N/A
12/31/2014	1,389	208	N/A	323	N/A
9/30/2014	1,421	122	N/A	323	N/A
6/30/2014	1,450	139	N/A	352	N/A
3/31/2014	1,500	159	N/A	362	N/A
12/31/2013	1,521	184	N/A	318	N/A
9/30/2013	1,556	309	N/A	421	N/A
6/30/2013	1,567	297	N/A	405	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TYRES's forecast earnings growth (67.7% per year) is above the savings rate (1%).

Earnings vs Market: TYRES's earnings (67.7% per year) are forecast to grow faster than the Finnish market (16.2% per year).

High Growth Earnings: TYRES's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TYRES's revenue (13.2% per year) is forecast to grow faster than the Finnish market (2.6% per year).

High Growth Revenue: TYRES's revenue (13.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TYRES's Return on Equity is forecast to be low in 3 years time (6%).

Nokian Renkaat Oyj Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 26%

Consensus EPS estimates fall by 17%, revenue upgraded

Nokian Renkaat Oyj Provides Earnings Guidance for the Full Year 2024

Price target decreased by 10% to €7.98

Consensus revenue estimates fall by 11%

Nokian Renkaat Oyj Provides Earning Guidance for 2023

Recent updates

Nokian Renkaat Oyj Announces Board Committee Changes

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 26%

Upcoming dividend of €0.35 per share

Nokian Renkaat Oyj (HEL:TYRES) Is Paying Out A Dividend Of €0.35

Veronica Lindholm and George Rietbergen Not to Stand for Re-Election as Board of Directors of Nokian Tyres plc

Nokian Renkaat Oyj (HEL:TYRES) Will Pay A Dividend Of €0.35

Jukka Moisio to Retire as CEO of Nokian Tyres plc

Nokian Renkaat Oyj's (HEL:TYRES) Dividend Will Be €0.35

Final dividend of €0.35 announced

Nokian Renkaat Oyj announced that it expects to receive €5 million in funding from SIA BITE Latvija

Consensus EPS estimates fall by 17%, revenue upgraded

Is There An Opportunity With Nokian Renkaat Oyj's (HEL:TYRES) 40% Undervaluation?

Full year 2023 earnings released: EPS: €0.091 (vs €1.27 loss in FY 2022)

Nokian Renkaat Oyj Provides Earnings Guidance for the Full Year 2024

Is Nokian Renkaat Oyj (HEL:TYRES) Using Too Much Debt?

New minor risk - Share price stability

Nokian Renkaat Oyj Announces Board Resignations

Price target decreased by 10% to €7.98

Nokian Renkaat Oyj to Report Fiscal Year 2023 Final Results on Mar 01, 2024

Third quarter 2023 earnings: EPS misses analyst expectations

Consensus revenue estimates fall by 11%

When Should You Buy Nokian Renkaat Oyj (HEL:TYRES)?

Nokian Renkaat Oyj Decides on the Payment of the Second Dividend Installment, payable on December 5, 2023

Nokian Tyres Launches a Test-Winning VF Tractor Tire and VF Flotation Tire for Efficient Farming, at Agritechnica 2023 in November

Nokian Tyres Upgrades its Central European All-Season Tire, Nokian Tyres Seasonproof

Nokian Tyres Appoints Susanna Tusa as General Director and Vice President for Nokian Tyres Romania Operations, Overseeing the Romania Factory Project

Be Wary Of Nokian Renkaat Oyj (HEL:TYRES) And Its Returns On Capital

Nokian Renkaat Oyj Announces CFO Changes

Teemu Kangas-Kärki to Leave the Nokian Tyres plc as CFO and Member of the Management Team, Effective November 30, 2023

Teemu Kangas-Kärki to Leave the Nokian Tyres plc as CFO and Member of the Management Team, Effective November 30, 2023

Nokian Tyres Introduces New Electric FITtm symbol to Help the Growing Number of Electric Vehicle Drivers Find Suitable Tires for Their Cars

These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well

Nokian Renkaat Oyj Provides Earning Guidance for 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Nokian Tyres Plc Appoints Nomination Board 2023

Is Now An Opportune Moment To Examine Nokian Renkaat Oyj (HEL:TYRES)?

High number of new directors

Here's Why Nokian Renkaat Oyj (HEL:TYRES) Can Manage Its Debt Responsibly

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of €0.35 per share at 4.1% yield

Nokian Renkaat Oyj (HEL:TYRES) Has Announced That Its Dividend Will Be Reduced To €0.35

Estimating The Fair Value Of Nokian Renkaat Oyj (HEL:TYRES)

Nokian Renkaat Oyj (HEL:TYRES) Is Reducing Its Dividend To €0.35

Nokian Renkaat Oyj Proposes Dividend for the Financial Year 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

What Is Nokian Renkaat Oyj's (HEL:TYRES) Share Price Doing?

These 4 Measures Indicate That Nokian Renkaat Oyj (HEL:TYRES) Is Using Debt Reasonably Well

Heikki Allonen and Inka Mero Not Stand for Re-Election to the Board of Nokian Renkaat Oyj

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Nokian Renkaat Oyj, Annual General Meeting, Apr 26, 2023

PJSC Tatneft (MISX:TATN) signed an agreement to acquire Tire Business in Russia from Nokian Renkaat Oyj (HLSE:TYRES) for €400 million.

Nokian Tyres plc Raises Sales Guidance for the Year 2022

Nokian Renkaat Oyj(HLSE:TYRES) dropped from FTSE All-World Index (USD)

Nokian Renkaat Oyj Announces Changes in Management Team as of September 1, 2022

Nokian Tyres plc Updates Financial Guidance for the Year 2022

Price target decreased to €10.70

Nokian Renkaat Oyj (HEL:TYRES) Hasn't Managed To Accelerate Its Returns

Consensus forecasts updated

Price target decreased to €14.53

Investor sentiment deteriorated over the past week

Should You Investigate Nokian Renkaat Oyj (HEL:TYRES) At €11.25?

Nokian Renkaat Oyj Revises Sales Guidance for 2022

Investor sentiment deteriorated over the past week

Price target decreased to €16.35

Nokian Tyres Extends its Truck and Bus Range with Three New Products

Nokian Tyres plc Proposes Dividend for the Financial Year January 1, 2021 to December 31, 2021, Payable on May 11, 2022

Nokian Tyres plc Withdraws Financial Guidance for 2022

Investor sentiment deteriorated over the past week