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Nokia Oyj (NOKIA.HE)

EUR10.19 -0.37 (-3.50%)
FI HEL Technology Communication Equipment
Address Karakaari 7 2610
Espoo, FI
CEO Justin Hotard
Website nokia.com
IPO 2000-01-03
ISIN FI0009000681

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Also trades on Deutsche Börse · NOA3.DE (EUR) Euronext Paris · NOKIA.PA (EUR) NASDAQ Helsinki · NOKIA.HE (EUR) New York Stock Exchange · NOK (USD) Other OTC · NOKBF (USD) Stockholm Stock Exchange · NOKIA-SEK.ST (SEK)
Description

Nokia Oyj, a global technology leader founded in 1865 and headquartered in Espoo, Finland, delivers a comprehensive suite of mobile, fixed, and cloud-based network solutions worldwide. The company structures its operations across four primary divisions: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. Nokia's offerings span numerous critical areas. Its Mobile Networks segment supplies radio access networks capable of supporting technologies from 2G to 5G, alongside microwave radio links for robust transport infrastructure. The Network Infrastructure division provides fixed networking solutions, including fiber and copper-based access, a range of cloud and virtualization services, and Wi-Fi products such as mesh systems and cloud-managed controllers. This segment also specializes in IP routing solutions for aggregation, edge, and core applications catering to residential, business, mobile, and industrial clients, as well as an advanced portfolio of optical networks. These optical solutions feature coherent transponders, optical transport network switchers, wavelength-division multiplexers (WDM), reconfigurable optical add-drop multiplexer (ROADM) solutions, and various optical line systems designed for metro access, data center interconnect, regional, and long-haul/ultra-long-haul applications, complemented by submarine network capabilities. Additionally, through its Cloud and Network Services arm, Nokia develops business applications software, provides cloud and cognitive services, offers core networks software, and delivers tailored enterprise solutions. The Nokia Technologies division focuses on hardware, software, and services, in addition to licensing its extensive intellectual property, which includes patents, proprietary technologies, and the iconic Nokia brand. The company's diverse clientele includes communication service providers, webscale companies, hyperscalers, digital industries, and government organizations.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR10.19 -0.37 (-3.50%)
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Volume Profile
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Liquidity & share structure
Average Volume
17M
Beta
0.78
Float Shares
4.96B
Free Float %
88.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-6.27% -7.41% +17.72% +92.75% +138.36% +126.27% +170.35% +228.68% +193.88% +143.00% -73.68%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (46 ratings, all time) Buy
Price Targets & DCF
Current price
10.19
DCF (Unlevered) 6.83 -33.0%
DCF (Levered) 7.61 -25.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 48% Bullish
Rating 2026-05 Change
Strong Buy 3 -1
Buy 8 0
Hold 6 -3
Sell 3 -1
Strong Sell 3 +1
Quality scores
Altman Z-Score
3.48
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Communication Equipment: +9.8%
    +3.5% Q1'26: +2.4% (vs Q1'25)
  • ✗
    EPS growth Communication Equipment: +36.4%
    -52.2% Q1'26: +236.4% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Communication Equipment: +59.0%
    +4.7% Q1'26: +14.0% (vs Q1'25)
  • ✗
    EBIT margin Communication Equipment: +4.7%
    +4.5% Q1'26: +1.4% (vs Q1'25)
  • ✗
    ROIC Communication Equipment: +3.7%
    +3.2% Q1'26: +0.8% (vs Q1'25)
  • ✓
    Share dilution Communication Equipment: +0.0%
    -0.5% ★ Q1'26: +6.4% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Communication Equipment: -1.04×
    2.58× Q1'26: 3.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.77) × ERP
WACC = 93% × Ke + 7% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 6.83 Current price: 10.19
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
23 Rev. Ana.
16 EPS Ana. 		Dec 2027
23 Rev. Ana.
16 EPS Ana. 		Dec 2028
16 Rev. Ana.
11 EPS Ana. 		Dec 2029
15 Rev. Ana.
4 EPS Ana. 		Dec 2030
15 Rev. Ana.
4 EPS Ana.
Revenue
12.50B
est: 12.93B (-3.4%)
23.61B
est: 24.02B (-1.7%)
23.15B
est: 22.90B (+1.1%)
22.56B
est: 22.39B (+0.8%)
23.32B
est: 23.35B (-0.2%)
21.87B
est: 21.56B (+1.4%)
22.20B
est: 22.36B (-0.7%)
24.91B
est: 24.60B (+1.2%)
22.26B
est: 20.16B (+10.4%)
19.22B
est: 19.15B (+0.4%)
19.89B
est: 19.86B (+0.2%)
20.85B
20.29B – 21.78B
+5.0% YoY
22.08B
21.14B – 23.38B
+5.9% YoY
23.46B
23.37B – 23.54B
+6.2% YoY
24.55B
23.69B – 25.82B
+4.6% YoY
24.30B
23.45B – 25.56B
-1.0% YoY
EBITDA
2.12B
est: 1.80B (+17.7%)
519.00M
est: 3.34B (-84.5%)
1.32B
est: 3.18B (-58.5%)
1.37B
est: 3.11B (-56.1%)
2.07B
est: 3.25B (-36.3%)
2.08B
est: 3.00B (-30.6%)
3.29B
est: 3.11B (+5.7%)
3.55B
est: 3.42B (+3.7%)
2.91B
est: 2.83B (+3.1%)
3.43B
est: 2.69B (+27.8%)
2.02B
est: 2.78B (-27.6%)
2.92B
2.85B – 3.05B
+5.0% YoY
3.10B
2.96B – 3.28B
+5.9% YoY
3.29B
3.28B – 3.30B
+6.2% YoY
3.44B
3.32B – 3.62B
+4.6% YoY
3.41B
3.29B – 3.58B
-1.0% YoY
EBIT
1.69B
est: 1.15B (+46.8%)
-1.05B
est: 2.14B (-149.3%)
1.10B
est: 2.04B (-45.9%)
-78.00M
est: 1.99B (-103.9%)
383.00M
est: 2.08B (-81.6%)
940.00M
est: 1.92B (-51.0%)
2.16B
est: 1.99B (+8.4%)
2.41B
est: 2.19B (+10.0%)
1.83B
est: 1.80B (+1.4%)
2.42B
est: 1.71B (+41.4%)
897.00M
est: 1.77B (-49.4%)
1.86B
1.81B – 1.95B
+5.0% YoY
1.97B
1.89B – 2.09B
+5.9% YoY
2.10B
2.09B – 2.10B
+6.2% YoY
2.19B
2.12B – 2.31B
+4.6% YoY
2.17B
2.09B – 2.28B
-1.0% YoY
Net Income
2.47B
est: 1.84B (+34.2%)
-766.00M
est: 991.36M (-177.3%)
-1.49B
est: 1.65B (-190.3%)
-340.00M
est: 1.25B (-127.2%)
18.00M
est: 1.10B (-98.4%)
-2.42B
est: 1.25B (-294.3%)
1.62B
est: 1.93B (-16.0%)
4.25B
est: 2.21B (+92.5%)
665.00M
est: 912.00M (-27.1%)
1.28B
est: 1.79B (-28.8%)
629.00M
est: 1.44B (-56.3%)
1.87B
1.65B – 2.10B
+30.3% YoY
2.23B
2.00B – 2.45B
+18.8% YoY
2.27B
1.89B – 3.27B
+1.8% YoY
2.76B
2.64B – 2.95B
+21.9% YoY
3.58B
3.41B – 3.82B
+29.5% YoY
SGA
1.65B
est: 1.67B (-1.3%)
3.82B
est: 3.11B (+22.9%)
3.62B
est: 2.96B (+22.1%)
3.46B
est: 2.90B (+19.6%)
3.10B
est: 3.02B (+2.7%)
2.90B
est: 2.79B (+4.0%)
2.79B
est: 2.89B (-3.4%)
3.01B
est: 3.18B (-5.3%)
2.60B
est: 2.43B (+7.3%)
2.89B
est: 2.31B (+25.3%)
1.75B
est: 2.39B (-26.7%)
2.51B
2.44B – 2.62B
+5.0% YoY
2.66B
2.55B – 2.82B
+5.9% YoY
2.83B
2.82B – 2.84B
+6.2% YoY
2.96B
2.85B – 3.11B
+4.6% YoY
2.93B
2.82B – 3.08B
-1.0% YoY
EPS
0.67
est: 0.33 (+101.6%)
-0.13
est: 0.18 (-172.5%)
-0.26
est: 0.30 (-186.9%)
-0.06
est: 0.23 (-127.2%)
0.00
est: 0.20 (-98.4%)
-0.43
est: 0.23 (-290.9%)
0.29
est: 0.35 (-17.0%)
0.76
est: 0.40 (+90.4%)
0.12
est: 0.17 (-27.3%)
0.23
est: 0.32 (-28.7%)
0.12
est: 0.26 (-53.6%)
0.34
0.30 – 0.38
+29.8% YoY
0.40
0.36 – 0.44
+17.9% YoY
0.45
0.34 – 0.59
+14.5% YoY
0.50
0.48 – 0.54
+10.8% YoY
0.65
0.62 – 0.69
+29.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-28 B+ 3/5 3/5 3/5 3/5 3/5 2/5 4/5
2026-05-27 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-26 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-25 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-22 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-21 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-20 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-19 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-05-18 B+ 3/5 4/5 3/5 4/5 3/5 2/5 3/5
2026-05-15 A- 4/5 4/5 3/5 4/5 3/5 2/5 4/5
2026-05-13 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-12 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-11 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-08 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-07 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-06 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-05-05 B+ 3/5 3/5 3/5 3/5 3/5 2/5 4/5
2026-05-04 B+ 3/5 3/5 3/5 3/5 3/5 2/5 4/5
2026-04-30 B+ 3/5 4/5 3/5 3/5 3/5 2/5 4/5
2026-04-29 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-28 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-27 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-24 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-23 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-22 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-21 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-20 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-17 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-16 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-15 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.47B
OE per share TTM
0.26
Owner's Yield
2.11%
Maintenance CapEx ratio
164.03%
Maint CapEx / Avg PPE
12.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
11.4K
Shares Outstanding
5.58B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Justin Hotard President, CEO & Interim President of Mobile Infrastructure 6M male
David Terence Mulholland Head of Investor Relations — male
Esa Niinimaki Chief Legal & Admin. Officer, Corporate and Secretary — male
Konstanty Owczarek Chief Corporate Development Officer — male
Kristen Pressner Chief People Officer — female
Lise Karstensen Head of Nordic&Baltic, Global Enterprise & Public Sector and Country Director of Denmark — female
Louise Fisk Chief Communications & Marketing Officer — female
Marco Wiren Chief Financial Officer — male
Pallavi Mahajan Chief Technology & AI Officer — female
Amr K. El-Leithy Head of Middle East & Africa — male
Stephan Prosi Vice President of Corporate Controlling & Accounting — male
ESG Rating
E (Environmental)
84.5
S (Social)
73.9
G (Governance)
72.5
ESG Total
77.0
ESG Score History
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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