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Nokia Oyj NOK
Technology - Communication Equipment - NYSE - FI
Watchlist
$ 4.68
-2.09 %
$ 25.2 B
Market Cap
13.76
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NOK stock under the worst case scenario is HIDDEN Compared to the current market price of 4.68 USD, Nokia Oyj is HIDDEN

NOK Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NOK stock under the base case scenario is HIDDEN Compared to the current market price of 4.68 USD, Nokia Oyj is HIDDEN

NOK Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one NOK stock under the best case scenario is HIDDEN Compared to the current market price of 4.68 USD, Nokia Oyj is HIDDEN

NOK Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart NOK

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1M -14.0%
6M 6%
1Y 36%
3Y -6%
5Y 48%
All
$5.6$5.6$5.4$5.4$5.2$5.2$5.0$5.0$4.8$4.8$4.6$4.6$4.4$4.4$4.2$4.2$4.0$4.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
19.2 B REVENUE
-13.65%
Growth Rates
1Year -13.65%
3Years -4.69%
5Years -3.79%
7Years -2.62%
10Years 4.20%
2 B OPERATING INCOME
20.35%
Growth Rates
1Year 20.35%
3Years -2.52%
5Years 19.68%
7Years 99.31%
10Years 27.95%
1.28 B NET INCOME
89.10%
Growth Rates
1Year 89.10%
3Years -7.95%
5Years 159.08%
7Years 16.32%
10Years -9.44%
2.49 B OPERATING CASH FLOW
89.29%
Growth Rates
1Year 89.29%
3Years -1.72%
5Years 44.92%
7Years 4.66%
10Years 6.94%
-117 M INVESTING CASH FLOW
-11.22%
Growth Rates
1Year -11.22%
3Years 59.76%
5Years 6.87%
7Years -45.79%
10Years -1.25%
-2 B FINANCING CASH FLOW
-33.36%
Growth Rates
1Year -33.36%
3Years -18.23%
5Years -33.13%
7Years -1.96%
10Years 7.93%
5.98 B REVENUE
38.33%
Growth Rates
1Year -13.65%
3Years -4.69%
5Years -3.79%
7Years -2.62%
10Years 4.20%
917 M OPERATING INCOME
272.76%
Growth Rates
1Year 20.35%
3Years -2.52%
5Years 19.68%
7Years 99.31%
10Years 27.95%
-142 M NET INCOME
-32.64%
Growth Rates
1Year 89.10%
3Years -7.95%
5Years 159.08%
7Years 16.32%
10Years -9.44%
489 M OPERATING CASH FLOW
-54.17%
Growth Rates
1Year 89.29%
3Years -1.72%
5Years 44.92%
7Years 4.66%
10Years 6.94%
279 M INVESTING CASH FLOW
379.00%
Growth Rates
1Year -11.22%
3Years 59.76%
5Years 6.87%
7Years -45.79%
10Years -1.25%
-457 M FINANCING CASH FLOW
28.37%
Growth Rates
1Year -33.36%
3Years -18.23%
5Years -33.13%
7Years -1.96%
10Years 7.93%
Balance Sheet Nokia Oyj
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Current Assets 18 B
Cash & Short-Term Investments 8.91 B
Receivables 6.74 B
Other Current Assets 2.34 B
Non-Current Assets 21.2 B
Long-Term Investments 1.76 B
PP&E 2.12 B
Other Non-Current Assets 17.3 B
22.77 %17.21 %5.97 %4.50 %5.42 %44.14 %Total Assets$39.1b
Current Liabilities 11.4 B
Accounts Payable 3.21 B
Short-Term Debt 1.17 B
Other Current Liabilities 7.01 B
Non-Current Liabilities 7.01 B
Long-Term Debt 3.58 B
Other Non-Current Liabilities 3.43 B
17.46 %6.35 %38.11 %19.47 %18.62 %Total Liabilities$18.4b
EFFICIENCY
Earnings Waterfall Nokia Oyj
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Revenue 19.2 B
Cost Of Revenue 10.4 B
Gross Profit 8.86 B
Operating Expenses 6.86 B
Operating Income 2 B
Other Expenses 715 M
Net Income 1.28 B
20b20b18b18b16b16b14b14b12b12b10b10b8b8b6b6b4b4b2b2b0019b(10b)9b(7b)2b(715m)1bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
46.12% GROSS MARGIN
46.12%
Averages
1Year 46.12%
3Years 42.29%
5Years 40.84%
7Years 39.62%
10Years 39.63%
10.40% OPERATING MARGIN
10.40%
Averages
1Year 10.40%
3Years 9.10%
5Years 8.24%
7Years 6.35%
10Years 5.34%
6.64% NET MARGIN
6.64%
Averages
1Year 6.64%
3Years 8.90%
5Years 4.59%
7Years 3.07%
10Years 3.15%
6.18% ROE
6.18%
Averages
1Year 6.18%
3Years 9.78%
5Years 3.88%
7Years 2.47%
10Years 2.78%
3.26% ROA
3.26%
Averages
1Year 3.26%
3Years 4.94%
5Years 2.44%
7Years 1.63%
10Years 1.79%
5.66% ROIC
5.66%
Averages
1Year 5.66%
3Years 7.61%
5Years 3.77%
7Years 2.69%
10Years 2.58%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Nokia Oyj
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3b3b2b2b2b2b1b1b500m500m00(500m)(500m)(1b)(1b)(1b)(1b)(2b)(2b)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 1.28 B
Depreciation & Amortization 1.01 B
Capital Expenditures -472 M
Stock-Based Compensation 241 M
Change in Working Capital -569 M
Others -471 M
Free Cash Flow 2.02 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Nokia Oyj
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Wall Street analysts predict an average 1-year price target for NOK of $6.65 , with forecasts ranging from a low of $5 to a high of $8 .
NOK Lowest Price Target Wall Street Target
5 USD 6.84%
NOK Average Price Target Wall Street Target
6.65 USD 42.09%
NOK Highest Price Target Wall Street Target
8 USD 70.94%
Price
Max Price Target
Min Price Target
Average Price Target
88887777666655554444May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0.0225 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
0.450000000.450000000.400000000.400000000.350000000.350000000.300000000.300000000.250000000.250000000.200000000.200000000.150000000.150000000.100000000.100000000.050000000.050000000.000000000.000000000.023869230.035667280.0225190.178630.33650.203710.275090.062599380.02216180.109150.046099440.062254420.020782380.037467320.035848230.01993950.280.033850190.430.034568320.300.310.060.020.110.050.00201520152016201620172017201820182019201920222022202320232024202420252025
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5. COMPETITION
slide 2 of 10
6. Ownership
Insider Ownership Nokia Oyj
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Sold
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7. News
Nokia earns GigaOm Leader and Outperformer ranks for Data Center Switching solution Press ReleaseNokia earns GigaOm Leader and Outperformer ranks for Data Center Switching solution Nokia's Data Center solution was recognized for its extensive hardware portfolio, operations and management, strong NetOps suitability and focus on AI capabilities The Nokia Event-Driven Automation (EDA) platform earned high marks for its highly automated design, deployment and operations processes. GigaOm evaluated nine leading Data Center switching vendors based on a comprehensive set of criteria 7 April 2025Espoo, Finland – Nokia today announced that GigaOm has for the fourth straight year recognized the company as a Leader and Outperformer in the GigaOm Radar Report for Data Center Switching. globenewswire.com - 1 week ago
Will the Expanded Collaboration With Bharti Airtel Benefit Nokia? NOK expands collaboration with Bharti Airtel to expedite 5G service delivery in key regions of India. zacks.com - 2 weeks ago
Nokia recognized as a Visionary in 2025 GartnerÒ Magic Quadrant™ for Data Center Switching Press Release Nokia recognized as a Visionary in 2025 GartnerÒ Magic Quadrant™ for Data Center Switching Nokia solution recognized for Completeness of Vision and Ability to Execute in new research published by Gartner Nokia data center switching solutions are designed to deliver the superior reliability, ease-of-use and adaptability required for modern data center operations 3 April 2025Espoo, Finland – Nokia today announced it has been named by Gartner as a Visionary in the 2025 Magic Quadrant for Data Center Switching. Based on specific criteria established by the research organization, Nokia is cited for overall Completeness of Vision and Ability to Execute. globenewswire.com - 2 weeks ago
Nokia completes the share buyback program launched in November 2024 Nokia CorporationStock Exchange Release2 April 2025 at 22:45 EEST Nokia completes the share buyback program launched in November 2024 Espoo, Finland – Nokia Corporation ("Nokia" or the "Company") has now completed the share buyback program announced on 22 November 2024 the purpose of which was to offset the dilutive effect of the Infinera acquisition. Between 25 November 2024 and 2 April 2025, Nokia repurchased 150,000,000 of its own shares (FI0009000681) at an average price per share of approximately EUR 4.69. Nokia expects to cancel the acquired shares in April 2025. The repurchases under the share buyback program reduced the Company's unrestricted equity by approximately EUR 703 million. Nokia Corporation now holds a total of 220,509,131 treasury shares. The repurchases were executed otherwise than in proportion to the existing shareholdings of Nokia's shareholders (directed repurchases) through public trading on the regulated market of Nasdaq Helsinki and selected multilateral trading facilities. About Nokia At Nokia, we create technology that helps the world act together. globenewswire.com - 2 weeks ago
Nokia Corporation: Repurchase of own shares on 02.04.2025 Nokia CorporationStock Exchange Release2 April 2025 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 02.04.2025 Espoo, Finland – On 2 April 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:                 Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 1,729,256 4.94 CEUX 1,007,408 4.93 BATE - - AQEU 140,853 4.93 TQEX 129,103 4.93 Total 3,006,620 4.93 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. globenewswire.com - 2 weeks ago
Nokia Oyj (NOK) Executive Briefing at OFC 2025 Conference - (Transcript) Nokia Oyj (NYSE:NOK ) Executive Briefing at OFC 2025 Conference Call April 2, 2025 11:30 AM ET Company Participants Federico Guillen - President, Network Infrastructure James Watt - Vice President and General Manager, Optical Networks Ed Englehart - Vice President of Engineering and Head of Subsystems Product Unit, Optical Networks Division Ron Johnson - Senior Vice President and General Manager, Optical Systems and Network Solutions Group, Infinera Conference Call Participants Simon Leopold - Raymond James Steve Saunders - FNTV Tim Savageaux - Northland Securities Unidentified Company Representative Thanks a lot for coming. I know it's hard after one day, I'm sure everybody's at the bar last night. seekingalpha.com - 2 weeks ago
NOK to Upgrade Vodafone Idea Network in India to Boost 4G, Roll Out 5G Nokia will upgrade Vodafone Idea???s optical network in India, boosting 4G capacity and enabling 5G rollout. zacks.com - 2 weeks ago
Bharti Airtel and Nokia expand core network collaboration to speed-up new 5G service delivery Press ReleaseBharti Airtel and Nokia expand core network collaboration to speed-up new 5G service delivery 2 April 2025Espoo, Finland – Nokia and Bharti Airtel are expanding their partnership with the deployment of Nokia's Packet Core appliance-based and Fixed Wireless Access solutions for providing a better network experience for Airtel's growing 4G/5G customer base. The solution will help seamlessly integrate 5G and 4G technologies into a single set of servers. globenewswire.com - 2 weeks ago
Nokia Corporation: Repurchase of own shares on 01.04.2025 Nokia CorporationStock Exchange Release1 April 2025 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 01.04.2025 Espoo, Finland – On 1 April 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:                 Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 2,069,501 4.99 CEUX 1,600,000 4.99 BATE - - AQEU 146,720 4.99 TQEX 126,006 4.99 Total 3,942,227 4.99 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. globenewswire.com - 2 weeks ago
Nokia Inks Patent License Agreement with Amazon: Stock to Gain? Amazon is set to leverage NOK's video technologies to enhance its streaming services and devices. zacks.com - 2 weeks ago
Nokia Corporation: Repurchase of own shares on 31.03.2025 Nokia CorporationStock Exchange Release31 March 2025 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 31.03.2025 Espoo, Finland – On 31 March 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:                 Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 2,328,727 4.82 CEUX 1,600,000 4.82 BATE - - AQEU 100,000 4.81 TQEX 146,020 4.83 Total 4,174,747 4.82 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. globenewswire.com - 2 weeks ago
Formula 6G: Nokia In Pole Position With Strong Margins And Global Reach NOK is significantly undervalued with a short-term price target of $6.85 per share and long-term price target of $14.52 per share. Despite NOK's strong margins, regional diversification, and dominant 6G positioning, NOK appears undervalued with strong growth prospects. Aggressive cost-cutting measures and strategic regional diversification enhance NOK's profitability and resilience against geopolitical tensions. seekingalpha.com - 2 weeks ago
8. Profile Summary

Nokia Oyj NOK

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COUNTRY FI
INDUSTRY Communication Equipment
MARKET CAP $ 25.2 B
Dividend Yield 0.00%
Description Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, and cloud and virtualization services, as well as wi-fi portfolio, including mesh solutions and cloud-based controllers; IP routing solutions for IP aggregation, and edge and core applications for residential, business, mobile, and industrial services; a portfolio of optical networks comprising portfolio coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems for metro access and aggregation, data center interconnect, regional, and long-haul/ultra-long-haul applications; and submarine networks. In addition, it offers business applications software, cloud and cognitive services, core networks software, and enterprise solutions. Further, the company provides hardware, software, and services, as well as licensing of intellectual property, including patents, technologies, and the Nokia brand. It serves communications service providers, webscales, hyperscalers, digital industries, and government. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
Contact Karakaari 7, Espoo, 02610 https://www.nokia.com
IPO Date July 1, 1994
Employees 78434
Officers Ms. Lorna Gibb Chief People Officer Ms. Lise Karstensen Head of Nordic&Baltic, Global Enterprise & Public Sector and Country Director of Denmark Mr. Nishant Batra Chief Strategy & Technology Officer Mr. Pekka Ilmari Lundmark M.Sc.(Eng.) President & Chief Executive Officer Mr. Stephan Prosi Vice President of Corporate Controlling & Accounting Mr. David Terence Mulholland C.F.A. Head of Investor Relations Mr. Marco Wiren M.Sc. (Econ.) Chief Financial Officer Ms. Maria Rosaria Varsellona J.D., L.L.B. Executive Officer Mr. Esa Niinimaki Chief Legal Officer, Corporate & Secretary to the Board Ms. Louise Fisk Chief Communications Officer