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.
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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.
Nokian Renkaat Oyj is a Finnish tire manufacturer specializing in premium tires for passenger cars, trucks, heavy machinery, and specialized vehicles. Founded in 1898 with roots tracing back to 1865, the company develops and produces winter, summer, and all-season tires for cars, SUVs, and vans, alongside tires for forestry, agricultural, and industrial machinery. Renowned globally for its winter tires, particularly the Hakkapeliitta brand, Nokian Renkaat Oyj pioneered the world's first winter tire in 1934 and maintains the only permanent winter tire testing facility in Ivalo, Arctic Lapland. It operates through key segments including Passenger Car Tyres, Heavy Tyres, and the Vianor tire chain, which provides retail sales, services, and tyre storage across Nordic countries and beyond. The company distributes products via its Vianor network, authorized dealers, and online channels, emphasizing safety, innovation, and sustainability by eliminating harmful oils from production. Headquartered in Nokia, Finland, Nokian Renkaat Oyj sells in over 46 countries, focusing on replacement markets and premium segments while investing in global production facilities.
€12.12
+€0.19 (+1.64%)
EOD Jul 2, 2026
Operating margin is thin at 2.61%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 6.5%, steady but not accelerating.
Negative free cash flow of -€13M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€1.38B
▲ +6.5% YoY
Net Income (TTM)
€600K
▲ +34.2% YoY
Op. Margin
3.89%
▲ +2.5pp YoY
ROIC
1.40%
▲ +1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€82M
▲ +95.1% YoY
Op. Cash Flow (TTM)
€112M
▲ +826.3% YoY
Net Debt
€664M
Cash & Equiv.
€147M
3Y CAGR: +0.6%
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Nokian Renkaat Oyj (TYRES.XHEL) trades above a two-stage DCF intrinsic value of about €5.46 per share, so at €12.12 the stock looks overvalued (54.9% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Nokian Renkaat Oyj scores 32/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €5.46 per share for TYRES.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €4.10. At today's €12.12, that puts the stock about 54.9% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Nokian Renkaat Oyj scores 32 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 3.9% operating margin and a 1.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Nokian Renkaat Oyj pays a regular dividend of about €0.28 per share per year (typically in quarterly installments), a yield of roughly 2.3% at the current price. That is a payout ratio of about 6,383.3% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TYRES.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. TYRES.XHEL currently trades above its estimated intrinsic value and scores 32/100 on quality (lower-quality). It also yields about 2.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.