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Nokia Oyj ADR NOK

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Stock XNYS Rating as of
$4.35 0.00 (0.00%)
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As of Delayed Price Closed

Company Report

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Revenue Pressure at Nokia Has Been Slow to Recede, but We Expect Modest Growth to Return

Matthew Dolgin

Nokia’s biggest business supplies radio access network equipment and services to telecom carriers to build public wireless networks. Nokia has lost some market share to Ericsson in recent years, but it should still benefit from a continuing 5G upgrade cycle. It also benefits from the explicit or implicit exclusion of Huawei and ZTE equipment in many Western markets, as governments consider banning the Chinese vendors. In addition, carriers typically source from multiple vendors, so Ericsson's strength does not necessarily come at Nokia's expense.

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Price vs Fair Value

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NOK is trading at a 488% premium.
Price
$4.35
Fair Value
$7.00
Uncertainty
Medium
1-Star Price
$8.20
5-Star Price
$7.80
Economic Moat
Lgx
Capital Allocation
Lvsmqyf

Bulls Say, Bears Say

Bulls

The capabilities of 5G will bring a new market of customers and a longer and more expansive cycle of network spending as enterprises deploy private networks and use Internet of Things functions.

Bears

Nokia’s customer base is concentrated among sophisticated communications service providers and equipment manufacturers, which yield significant buying power, limiting the company's pricing power.

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News

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Trading Information

Previous Close Price
$4.35
Day Range
$4.34–4.39
52-Week Range
$2.94–4.52
Bid/Ask
$4.35 / $4.36
Market Cap
$23.74 Bil
Volume/Avg
10.1 Mil / 16.9 Mil

Key Statistics

Price/Earnings (Normalized)
13.40
Price/Sales
1.14
Dividend Yield (Trailing)
3.22%
Dividend Yield (Forward)
3.22%
Total Yield
4.28%

Company Profile

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest, followed closely by network infrastructure. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises with as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.
Sector
Technology
Industry
Communication Equipment
Stock Style Box
Large Value
Total Number of Employees
86,700
Website
https://www.nokia.com

Competitors

Valuation

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Metric
NOK
CSCO
Price/Earnings (Normalized)
 13.4014.14
Price/Book Value
 1.074.65
Price/Sales
 1.143.98
Price/Cash Flow
 8.7814.12
Price/Earnings
NOK
CSCO

Financial Strength

Metric
NOK
CSCO
Quick Ratio
 1.370.69
Current Ratio
 1.680.91
Interest Coverage
 —11.80
Quick Ratio
NOK
CSCO

Profitability

Metric
NOK
CSCO
Return on Assets (Normalized)
 1.95%13.79%
Return on Equity (Normalized)
 3.71%33.36%
Return on Invested Capital (Normalized)
 2.35%23.37%
Return on Assets
NOK
CSCO

Communication Equipment Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Cisco Systems Inc
CSCO
VjxcgbwccpLhjdp$210.5 Bil
 Motorola Solutions Inc
MSI
MbcgxqrhWmbp$75.1 Bil
 Hewlett Packard Enterprise Co
HPE
QlpqvwpwBvqky$26.8 Bil
 Telefonaktiebolaget L M Ericsson Class B
ERIXF
CVCzdb$24.7 Bil
 Telefonaktiebolaget L M Ericsson ADR
ERIC
SxzjnbfYjvh$24.7 Bil
 Nokia Oyj
NOKBF
—Ssjdh$23.9 Bil
 ZTE Corp Class H
ZTCOF
—Rlsj$20.1 Bil
 Zebra Technologies Corp Class A
ZBRA
MvkggsrzNnzpkk$18.9 Bil
 EchoStar Corp Class A
SATS
CsvyHjs$6.3 Bil

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