Nokia Oyj Future Growth
Future criteria checks 2/6
Nokia Oyj is forecast to grow earnings and revenue by 16.2% and 1.5% per annum respectively. EPS is expected to grow by 15.8% per annum. Return on equity is forecast to be 8.2% in 3 years.
Key information
16.2%
Earnings growth rate
15.8%
EPS growth rate
| Communications earnings growth | 47.1% |
| Revenue growth rate | 1.5% |
| Future return on equity | 8.2% |
| Analyst coverage | Good |
| Last updated | 19 May 2024 |
Recent future growth updates
Recent updates
Is Nokia Oyj (HEL:NOKIA) A Risky Investment?
May 11
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Apr 26Earnings Beat: Nokia Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Apr 22Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.0325
Apr 12Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Mar 29We think Nokia Oyj's (HEL:NOKIA) CEO May Struggle To See Much Of A Pay Rise This Year
Mar 28Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0325
Mar 15Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0325
Feb 26Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0325
Feb 12We Think You Can Look Beyond Nokia Oyj's (HEL:NOKIA) Lackluster Earnings
Feb 02Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.03
Jan 28Is Nokia Oyj (HEL:NOKIA) Trading At A 49% Discount?
Jan 21The Market Doesn't Like What It Sees From Nokia Oyj's (HEL:NOKIA) Earnings Yet
Jan 02Nokia Oyj (HEL:NOKIA) Seems To Use Debt Quite Sensibly
Dec 15Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 22,060 | 1,702 | 2,034 | 2,565 | 14 |
| 12/31/2025 | 21,789 | 1,436 | 1,861 | 2,327 | 20 |
| 12/31/2024 | 21,585 | 1,502 | 1,668 | 2,162 | 21 |
| 3/31/2024 | 21,066 | 814 | 1,769 | 2,301 | N/A |
| 12/31/2023 | 22,258 | 660 | 665 | 1,317 | N/A |
| 9/30/2023 | 24,000 | 3,862 | -684 | 14 | N/A |
| 6/30/2023 | 25,260 | 4,138 | 38 | 708 | N/A |
| 3/31/2023 | 25,422 | 4,311 | 354 | 998 | N/A |
| 12/31/2022 | 24,911 | 4,201 | 873 | 1,474 | N/A |
| 9/30/2022 | 23,876 | 1,727 | 828 | 1,393 | N/A |
| 6/30/2022 | 23,033 | 1,652 | 1,153 | 1,731 | N/A |
| 3/31/2022 | 22,474 | 1,532 | 1,290 | 1,880 | N/A |
| 12/31/2021 | 22,202 | 1,632 | 2,065 | 2,625 | N/A |
| 9/30/2021 | 22,341 | -1,742 | 2,478 | 3,018 | N/A |
| 6/30/2021 | 22,236 | -1,884 | 2,194 | 2,702 | N/A |
| 3/31/2021 | 22,015 | -2,148 | 2,445 | 2,929 | N/A |
| 12/31/2020 | 21,852 | -2,520 | 1,280 | 1,759 | N/A |
| 9/30/2020 | 22,202 | 740 | 1,936 | 2,469 | N/A |
| 6/30/2020 | 22,594 | 625 | 1,893 | 2,520 | N/A |
| 3/31/2020 | 23,196 | 355 | 602 | 1,271 | N/A |
| 12/31/2019 | 23,315 | 14 | -300 | 390 | N/A |
| 9/30/2019 | 23,280 | -359 | -481 | 187 | N/A |
| 6/30/2019 | 23,052 | -570 | -973 | -359 | N/A |
| 3/31/2019 | 22,671 | -646 | -864 | -277 | N/A |
| 12/31/2018 | 22,563 | -554 | -312 | 360 | N/A |
| 9/30/2018 | 22,346 | -1,128 | 310 | 964 | N/A |
| 6/30/2018 | 22,388 | -1,194 | -371 | 302 | N/A |
| 3/31/2018 | 22,693 | -1,351 | 1,463 | 2,174 | N/A |
| 12/31/2017 | 23,147 | -1,473 | N/A | 1,811 | N/A |
| 9/30/2017 | 23,153 | -430 | N/A | 331 | N/A |
| 6/30/2017 | 23,549 | -357 | N/A | 1,310 | N/A |
| 3/31/2017 | 23,508 | -600 | N/A | -344 | N/A |
| 12/31/2016 | 23,641 | -751 | N/A | -1,454 | N/A |
| 9/30/2016 | 20,593 | -912 | N/A | -1,507 | N/A |
| 6/30/2016 | 17,733 | -604 | N/A | -1,239 | N/A |
| 3/31/2016 | 15,075 | 399 | N/A | -881 | N/A |
| 12/31/2015 | 12,560 | 1,192 | N/A | 503 | N/A |
| 9/30/2015 | 12,399 | 1,018 | N/A | 270 | N/A |
| 6/30/2015 | 12,451 | 3,129 | N/A | 166 | N/A |
| 3/31/2015 | 12,033 | 2,779 | N/A | 1,214 | N/A |
| 12/31/2014 | 11,762 | 2,710 | N/A | 1,275 | N/A |
| 9/30/2014 | 11,730 | 2,584 | N/A | 1,104 | N/A |
| 6/30/2014 | 11,579 | 436 | N/A | 714 | N/A |
| 3/31/2014 | 12,233 | 387 | N/A | -272 | N/A |
| 12/31/2013 | 11,795 | 273 | N/A | 72 | N/A |
| 9/30/2013 | 2,497 | 2,512 | N/A | 582 | N/A |
| 6/30/2013 | 6,799 | 1,402 | N/A | 144 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOKIA's forecast earnings growth (16.2% per year) is above the savings rate (1%).
Earnings vs Market: NOKIA's earnings (16.2% per year) are forecast to grow faster than the Finnish market (15% per year).
High Growth Earnings: NOKIA's earnings are forecast to grow, but not significantly.
Revenue vs Market: NOKIA's revenue (1.5% per year) is forecast to grow slower than the Finnish market (3.4% per year).
High Growth Revenue: NOKIA's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOKIA's Return on Equity is forecast to be low in 3 years time (8.2%).