NOK
Nokia Oyj
$10.63
▲ 5.5%Updated Today 3:42 PM ET
NOK at a glance — five pillars scored 0–100 from real filed financials.
Overall: Weak · 39/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 141.6% over the last 12 months
Market Cap
$67.33B
P/E
65.13x
Forward P/E (est.)
55.73x
ROE
3.8%
Revenue Growth
4.3%
EPS Growth
16.9%
Profit Margin
3.9%
FCF Yield
7.0%
Debt / Equity
0.21x
ROIC
3.0%
Interest Coverage
3.6x
Current Ratio
1.58x
Dividend Yield
1.3%
Implied Growth (rev. DCF)
6.5%
Rating Score
39/100
Nokia Oyj (NOK) is a large-cap company in the Communications industry, part of the Communication Services sector of the S&P 500, with a market value around $67.33B.
In its latest reported year it generated about $21.48B in revenue and $703.08M in net profit.
Our model rates NOK Weak (39/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
43.4% average over the last 3 years
±3.3 pts around 39.8% across 10 years
grew in 4 of the last 9 year-over-year periods
positive in 7 of 10 years
3.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NOK's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NOK trades near $10.63, around its 50-day average ($13.80) and 200-day average ($8.64). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 32 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. NOK's is $0.83 (~7.8% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month NOK found buyers near $11.90 (support) and sellers near $15.67 (resistance); its 52-week range is $4.00–$17.45. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.3× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
-2.7%
Revenue moved from $25.53B in 2016 to $21.48B in 2025, a -1.9% compound annual growth rate. The most recent year was roughly flat (4.3%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
43.5%
Operating Margin
4.4%
Net Margin
3.3%
ROE
3.8%
Nokia Oyj keeps about 3.9% of each sales dollar as net profit, with a 43.5% gross margin and 4.4% operating margin. Return on equity is 3.8% and return on invested capital about 3.0%. Thin margins leave less cushion if costs rise.
Total Debt
$2.52B
Net Debt
-$3.38B
Net cash position
Net Debt / EBITDA
-3.54x
Debt / Equity
0.21x
Leverage: debt-to-equity is 0.2x, and operating profit covers interest about 3.6x, with a current ratio of 1.6x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $2.52B of total debt against $5.90B of cash.
Operating CF
$2.24B
Free Cash Flow
$1.58B
FCF Margin
7.4%
In the latest year Nokia Oyj produced about $2.24B of operating cash flow and $1.58B of free cash flow after capital spending. That is a free-cash-flow yield of about 7.0% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
1.3%
Per share (latest FY)
$0.12
Total paid (latest FY)
$819.72M
History on record
10 years
dividend uses 52% of free cash flow
117% of net income paid out
total dividends increased 4 years in a row
payout was cut at least once in the last 10 years
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
65.13x
P/S
3.03x
P/B
1.25x
EV / EBITDA
29.55x
NOK trades at 65.1x trailing earnings (about 55.7x on estimated forward earnings), 3.0x sales, and 1.3x book value. Reverse-engineering today's price implies the market expects roughly 6.5% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$4.82
Current price
$10.63
Starting FCF (latest 10-K)
$1.58B
Growth, years 1–5
4.3%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where NOK sits versus its Communication Services sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 44 Communication Services companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How NOK stacks up against its Communication Services peers — valuation, profitability, and growth versus the sector median.
In the Communication Services sector (95 S&P 500 companies), NOK ranks #32 of 95 by our overall rating. It trades at a premium versus the sector on earnings (65.1x P/E vs. 18.1x median) with a lower return on equity (3.8% vs. 14.9%) and slower revenue growth (4.3% vs. 5.3%).
P/E vs sector
65.1x
median 18.1x
ROE vs sector
3.8%
median 14.9%
Growth vs sector
4.3%
median 5.3%
Sector rank
#32
of 95 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Communication Services companies by sub-industry and size. Sector median is across all 95 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $10.63 today · expected CAGR -15% – -5%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $22.34B | $23.23B | $24.16B | $25.13B | $26.13B |
| Net income | $670.18M | $696.99M | $724.87M | $753.86M | $784.02M |
| EPS | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 |
| Share price (low) | $4.13 | $4.29 | $4.46 | $4.64 | $4.83 |
| Share price (high) | $6.88 | $7.15 | $7.44 | $7.74 | $8.05 |
| CAGR (low–high) | -61% / -35% | -36% / -18% | -25% / -11% | -19% / -8% | -15% / -5% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for NOK:
- Healthy free-cash-flow yield (~7.0%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.2x) lowers risk.
The case against NOK:
- Thin net margins (3.9%) leave little room for error.
- A rich 65.1x earnings multiple prices in a lot of growth.
- Our model's overall read is Weak (39/100).
Valuation risk — at 65.1x earnings, disappointing results could compress the multiple.
Margin risk — thin profitability (3.9%) is vulnerable to cost or pricing pressure.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen weakly: Nokia Oyj is a large-cap communication services business growing at a mature pace, with modest profitability, and a sound balance sheet. It trades at 65.1x earnings, which our model scores Weak (39/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 35 Wall Street analysts covering NOK recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
NOK's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
NOK — frequently asked questions
Is NOK a good stock to buy?
We don't give buy or sell advice. Our model rates Nokia Oyj Weak (39/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is NOK's rating on The Stocks School?
Nokia Oyj currently scores 39/100 (Weak) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does NOK's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Nokia Oyj's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for NOK calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this NOK analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell NOK. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.