Research
Nokia: Mobile Networks starting to look like dead weight again
By Atte Riikola
Nokia losing AT&T's radio networks is a major setback for the company in the North American market - the market crucial to the company’s profitability. In addition to the already weak market situation, this will hamper the turnaround of Mobile Networks, which will play an essential role in Nokia's overall medium-term earnings improvement. Without a turnaround in the earnings trend or restructuring of the business, we find it difficult to justify material upside to the low valuation over the next 12 months.
Nokia is a global telecommunications company. The company offers solutions in IP, broadband, digital health, and cloud-based systems. The customers are found in a broad base of markets and consist of large corporate customers, authorities, and private consumers. The business is established on a global level in all regions. Nokia was founded in 1865 and the head office is located in Esbo, Finland.
Read more on company pageKey Estimate Figures2023-12-06
| 2022 | 23e | 24e | |
|---|---|---|---|
| Revenue | 24,911.0 | 23,214.5 | 22,116.3 |
| growth-% | 12.2 % | -6.8 % | -4.7 % |
| EBIT (adj.) | 3,109.0 | 2,723.8 | 2,263.6 |
| EBIT-% (adj.) | 12.5 % | 11.7 % | 10.2 % |
| EPS (adj.) | 0.44 | 0.35 | 0.30 |
| Dividend | 0.12 | 0.15 | 0.17 |
| Dividend % | 2.8 % | 1.3 % | 1.4 % |
| P/E (adj.) | 9.9 | 34.6 | 40.6 |
| EV/EBITDA | 6.2 | 19.8 | 25.9 |
Forum discussions
