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Nokia

4,391 EUR +1,44 %
22 500 investerare följer bolaget.

Nokia är ett globalt bolag verksamma inom telekomsektorn. Bolaget erbjuder lösningar inom IP, bredband, digital hälsa och molnbaserade system. Kunderna återfinns inom ett flertal marknader bland olika företagskunder, myndigheter och privata konsumenter. Verksamheten är etablerad på global nivå. Nokia grundades ursprungligen 1865 och bolagets huvudkontor ligger i Esbo.

P/E (23e)
10,17
EV/EBIT (23e)
7,79
P/B (23e)
1,07
Direktavkastnings- % (23e)
4,1 %
Riktkurs
5.30 EUR
Rekommendation
Öka
Uppdaterad
26.1.2023
NASDAQ Helsinki
NOKIA
Dagens lägsta / högsta pris
4,351 / 4,391 EUR
Börsvärde
24,73 md EUR
Omsättning
6,53 mn EUR
Volym
1,5 mn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

Senaste analyserna

Nokia: Valuation is modest with improved performance
2023-01-27
Nokia: Estimates adjusted for the timing of patent revenues
2023-01-11
Nokia: No miracles required with the low valuation
2022-10-21

Analyst

Atte Riikola
Atte Riikola
Analyst

Senast publicerade videor

Nokia: a Turnaround in Progress
2022-09-19
Nokia CEO: 5G Is Coming Sooner Than You Think.
2018-02-26

Finansiell kalender

Bolagsstämma
2023-04-04
Delårsrapport
2023-04-20
Kvartalsdividend
2023-04-24
Delårsrapport
2023-07-20
Kvartalsdividend
2023-07-24

Forum updates

Stay up-to-date with the latest talk about Nokia
Read the full thread
Visit the forum
Yeah it is easy to agree that Nokia looks undervalued at the moment. The key question is what will be the catalyst or value driver that fixes the situation. Everybody can see those low multiples but for some reason investors are cautious that Nokia’s current earnings levels will hold up. Despite the fact that Nokia’s outlook and financial targets indicate that the comparable EBIT will still improve from current +3000 MEUR levels. All in all, interesting situation with the share and hard to see much downside if the earnings hold up.
Atte Riikola
för 2 månader sedan💙 5
Pretty much my 2 cents as well. The markets have abandoned Nokia years ago, and seemingly no results are sufficient to rectify the situation. It might be that we’ll continue sideways for a long time still (my own guess), but indeed I think the upside (after a couple of more Q:s beating the forecasts) is larger & more likely than a substantial drop from the current valuation level.
Christian Hultholm
förra månaden💙 4
Du säger det som rubriken lyder ;): valuation is modest with improved performance : Inderes - Award Winning Research Nokia: Valuation is modest with improved performance Nokia ended the year with a strong earnings beat, and the turnaround that the company's strategy has been aiming for has been right on track for the past two years.
Isa Hudd
för 2 månader sedan💙 3
Tråkigare aktie får man leta efter på Helsingfors-börsen. Nokia har väl närmast levererat en lång rad besvikelser de senaste +20 åren. Under den nya(ste) ledningen verkar det dock som det börjat synas ljus i tunneln; kanske t.o.m. någon slags turn-around i sikte. Idag gjorde jag ett köp @4,35 €. Jag har inte rört denna position på flera år; senaste köpet gjort under €4. Men nu levererade Nokia ett så starkt resultat (både Q4/2022 och 2022), kombinerat med någon form av prisnedgång (YTD: -1,95% / 3m: -2,31% / 6m: -14,75% / 12m: -14,48 %) att jag helt enkelt inte kunde motstå frestelsen. Svårt att se hur Nokia skulle vara dyr just nu. 2023 prognoser ~ P/E 10x, P/B 1.1x, dividend 4.1% och EV/EBIT 6.5x. Men om aktiekursen fortsätter att falla från denna nivå, så tror jag att jag kommer att fortsätta köpa.
Christian Hultholm
för 2 månader sedan💙 3

Income statement

20192020202120222023e2024e2025e2026e
Revenue23 330,8021 852,0022 202,0024 911,0025 772,8025 880,6026 158,0026 438,90
growth-%3,11 %−6,34 %1,60 %12,20 %3,46 %0,42 %1,07 %1,07 %
EBITDA2 145,602 016,503 253,003 458,003 754,033 955,344 088,154 021,17
EBIT (adj.)2 003,602 080,502 775,003 109,003 190,033 370,523 443,503 536,63
EBIT485,60884,502 158,002 318,002 710,032 970,523 143,503 336,63
Profit before taxes156,60742,501 926,002 184,002 715,032 900,523 073,503 291,63
Net income14,40−2 522,501 623,004 250,002 028,272 170,642 300,372 463,97
EPS (adj.)0,220,250,370,440,430,450,460,47
growth-%−2,91 %10,09 %48,65 %19,86 %−1,31 %3,61 %2,13 %3,42 %
Dividend0,000,000,080,120,180,220,260,28
Dividend ratio27,75 %15,78 %49,17 %56,15 %62,62 %62,96 %

Profitability and return on capital

20192020202120222023e2024e2025e2026e
EBITDA-%9,20 %9,23 %14,65 %13,88 %14,57 %15,28 %15,63 %15,21 %
EBIT-% (adj.)8,59 %9,52 %12,50 %12,48 %12,38 %13,02 %13,16 %13,38 %
EBIT-%2,08 %4,05 %9,72 %9,31 %10,52 %11,48 %12,02 %12,62 %
ROE0,09 %−18,15 %10,88 %21,97 %9,21 %9,33 %9,43 %9,68 %
ROI2,49 %4,56 %10,28 %8,97 %9,56 %10,37 %11,10 %11,81 %

Valuation

20192020202120222023e2024e2025e2026e
Share price (EUR)3,303,155,574,334,394,394,394,39
Shares5 605,585 617,505 629,385 590,255 540,255 540,255 540,255 540,25
Market cap18 475,9917 700,7431 378,1624 189,0124 327,2424 327,2424 327,2424 327,24
Enterprise value17 707,1815 823,9527 358,7421 542,4621 107,6219 574,4918 362,4717 362,99
EV/S0,760,721,230,860,820,760,700,66
EV/EBITDA8,257,858,416,235,624,954,494,32
EV/EBIT (adj.)8,847,619,866,936,625,815,334,91
EV/EBIT36,4617,8912,689,297,796,595,845,20
P/E (adj.)14,7812,8315,279,8910,179,819,619,29
P/E1 283,05-19,335,6911,9911,2110,589,87
P/B1,211,421,811,131,071,020,980,94
P/S0,790,811,410,970,940,940,930,92
Dividend yield1,44 %2,77 %4,10 %5,01 %5,92 %6,38 %
Equity ratio39,36 %34,66 %43,60 %49,89 %51,62 %54,87 %57,87 %60,22 %
Gearing ratio−4,55 %−14,26 %−22,57 %−12,16 %−14,13 %−19,84 %−23,82 %−26,72 %

Quarter data

Q1/22Q2/22Q3/22Q4/222022Q1/23eQ2/23eQ3/23eQ4/23e
Revenue5 348,005 872,006 242,007 449,0024 911,005 817,296 331,816 387,417 236,25
EBITDA628,00846,50805,501 178,003 458,00656,01986,77916,641 194,62
EBIT354,00564,50517,50882,002 318,00395,01725,77655,64933,62
Profit before taxes256,00541,00509,00878,002 184,00396,26727,02656,89934,87
Net income212,00457,20426,503 154,304 250,00295,19543,27490,67699,15
Showing Alla typer av innehåll
Publisher
Aktieanalys

Nokia: Valuation is modest with improved performance

Nokia ended the year with a strong earnings beat, and the turnaround that the company's strategy has been aiming for has been right on track for the past two years.

Nokia
2023-01-27 av Atte Riikola
Publisher
Aktieanalys

Nokia: Estimates adjusted for the timing of patent revenues

We have made changes to our estimates ahead of Nokia's Q4 results on January 26. These are related to Nokia Technologies, where pending patent disputes with Oppo and Vivo couldn’t be resolved during Q4.

Nokia
2023-01-11 av Atte Riikola
Publisher
Aktieanalys

Nokia: No miracles required with the low valuation

Based on the Q3 report, Nokia's earnings turnaround is progressing well this year, but there is still uncertainty about next year's earnings level.

Nokia
2022-10-21 av Atte Riikola
Publisher
Artikel

The euro is crawling to the dollar, but surprisingly many companies benefit from it

The euro fell below parity with the dollar in August and has also remained there. Since the beginning of the year, the common currency has already slipped over 15 % to the dollar, but has strengthened to other European currencies, such as the Swedish...

LeadDeskFinnairKonecranesMetso Outotec
2022-10-05 av Marianne Palmu
Publisher
Video

Nokia: a Turnaround in Progress

Nokia - Still connecting people, nowadays through networks, telecommunications infrastructure and 5G.

Nokia
2022-09-19
Publisher
Aktieanalys

Nokia: Firmly forward

Nokia's Q2 result was again strong, and the company's strategy has progressed with solid steps in the right direction throughout H1.

Nokia
2022-07-22 av Atte Riikola
Publisher
Aktieanalys

Nokia: Improved performance not fully reflected in the valuation

Nokia's Q1 result was strong and generally the company's comments dispelled at least our previous concerns about earnings development this year, which had grown due to the Russian invasion of Ukraine.

Nokia
2022-04-29 av Atte Riikola
Publisher
Aktieanalys

Improved visibility dissolves undervaluation

We raise our target price for Nokia to EUR 5.8 (previously EUR 5.6) and reiterate our Buy rating. As we stated in our previous report, the sentiment towards Nokia’s share will turn when investors’ attention turns from assessing the steepness of the slide...

Nokia
2018-03-14 av Mikael Rautanen
Publisher
Video

Nokia CEO: 5G Is Coming Sooner Than You Think.

Nokia President and CEO, Rajeev Suri shares views about a very near future in which internet access will be faster and easier for industry and consumers. At Mobile World Congress 2018.

Nokia
2018-02-26