Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Nokia Oyj is a Finnish multinational telecommunications and information technology corporation, founded in 1865 and headquartered in Espoo, Finland. It serves as a dominant player in the communication equipment sector, providing integrated mobile, fixed, cloud, and optical network solutions that power global connectivity from 2G to 5G technologies. Nokia Oyj's comprehensive portfolio includes radio access networks, IP routing, fiber-based infrastructure, submarine networks, and intellectual property licensing, balancing hardware, software, and recurring services for communication service providers, enterprises, and governments worldwide. With a geographically diverse revenue stream across the Americas, Europe, and Asia-Pacific, the company drives innovation in AI-native networks, 6G, and data center expansion. Effective January 2026, Nokia Oyj reorganized into two primary segments—Network Infrastructure and Mobile Infrastructure—plus Portfolio Businesses, to align with AI-driven demand and enhance operational focus. Renowned for its role in developing GSM, 3G, LTE standards, and as the third-largest network equipment manufacturer, Nokia Oyj continues to shape the telecom landscape through technological leadership and strategic adaptability.
€11.85
€0.15 (-1.23%)
EOD Jun 19, 2026 · Twelve Data
Operating margin is thin at 3.93%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 3.5%, steady but not accelerating. Margins contracted 4.2pp, which offsets some of the top-line progress.
At 79x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 28% versus the prior year, cash generation momentum has weakened.
79.0x earnings, 49.4x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€20.00B
▲ +3.5% YoY
Net Income (TTM)
€807M
▼ -48.6% YoY
Op. Margin
4.47%
▼ -4.2pp YoY
ROIC
2.14%
▼ -2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€1.37B
▼ -27.5% YoY
Op. Cash Flow (TTM)
€2.46B
▼ -5.4% YoY
Net Debt
-€2.35B
Net Cash Position
Cash & Equiv.
€6.76B
3Y CAGR: -7.2%
3Y CAGR: +18.8%
Continue Research