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NOKIA logo

Nokia OyjHLSE:NOKIA Stock Report

Market Cap €35.8b
Share Price
€6.59
My Fair Value
€5.75
14.7% overvalued intrinsic discount
1Y46.4%
7D36.2%
Portfolio Value
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Nokia Oyj

HLSE:NOKIA Stock Report

Market Cap: €35.8b

Nokia Oyj (NOKIA) Stock Overview

Provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa. More details

NOKIA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends2/6

Rewards

Price-To-Earnings ratio (42.1x) is below the Communications industry average (43.1x)

Earnings are forecast to grow 22.33% per year

Risk Analysis

Volatile share price over the past 3 months compared to the Finnish market


NOKIA Community Fair Values

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See what 78 others think this stock is worth. Follow their fair value or set your own to get alerts.

NOKIA logo
Nokia Oyj

6G And AI Supercycle Will Transform Optical And Private Networks

Key Takeaways Integration of Infinera and leadership in private wireless position Nokia for rapid growth, expanded market access, and higher-margin enterprise and hyperscale revenues. Emphasis on operational efficiency and cost control enables stronger earnings, improved productivity, and potential outperformance in free cash flow and long-term revenue growth.
View narrative
€5.75
FV
14.7% overvalued intrinsic discount
5.85%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
NOKIA logo
Nokia Oyj

US, Europe And China Tensions Will Compress Network Margins

Key Takeaways Persistent geopolitical and trade tensions, talent competition, and industry commoditization threaten Nokia's revenue growth, margin stability, and market access. Rapid tech disruption and uncertain demand for next-gen networks force costly reinvestment, risking underutilized capacity and weaker long-term profitability.
View narrative
€3.03
FV
117.8% overvalued intrinsic discount
2.10%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
NOKIA logo
Nokia Oyj

Analyst Commentary Highlights Shifting Sentiment and Modest Price Target Increase for Nokia Oyj

Key Takeaways Robust network infrastructure demand and regulatory support are fueling multi-year growth in high-margin product and service revenues, especially in Fixed and Optical Networks. Strategic innovation, disciplined operations, and IP monetization are boosting recurring revenues, expanding net margins, and supporting long-term profitability.
View narrative
€4.53
FV
45.5% overvalued intrinsic discount
3.19%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
57users have followed this narrative
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Nokia Oyj Competitors

Price History & Performance

Summary of share price highs, lows and changes for Nokia Oyj
Historical stock prices
Current Share Price€6.59
52 Week High€6.63
52 Week Low€3.42
Beta0.59
1 Month Change66.39%
3 Month Change83.47%
1 Year Change46.39%
3 Year Change46.83%
5 Year Change129.36%
Change since IPO842.35%

Recent News & Updates

Nokia Oyj (HEL:NOKIA) Looks Just Right With A 38% Price Jump

Oct 28
Nokia Oyj (HEL:NOKIA) Looks Just Right With A 38% Price Jump

Recent updates

Nokia Oyj (HEL:NOKIA) Looks Just Right With A 38% Price Jump

Oct 28
Nokia Oyj (HEL:NOKIA) Looks Just Right With A 38% Price Jump

Nokia Oyj (HEL:NOKIA) Is Due To Pay A Dividend Of €0.03

Oct 16
Nokia Oyj (HEL:NOKIA) Is Due To Pay A Dividend Of €0.03

Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.03

Oct 02
Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.03

Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.03

Sep 18
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.03

Nokia Oyj (HEL:NOKIA) Is Paying Out A Dividend Of €0.03

Aug 29
Nokia Oyj (HEL:NOKIA) Is Paying Out A Dividend Of €0.03

Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Aug 09
Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

We Think Nokia Oyj's (HEL:NOKIA) Solid Earnings Are Understated

Jul 31
We Think Nokia Oyj's (HEL:NOKIA) Solid Earnings Are Understated

Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0333

Jul 18
Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0333

Why Investors Shouldn't Be Surprised By Nokia Oyj's (HEL:NOKIA) P/E

Jul 18
Why Investors Shouldn't Be Surprised By Nokia Oyj's (HEL:NOKIA) P/E

Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0333

Jul 02
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0333

Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0333

Jun 18
Nokia Oyj (HEL:NOKIA) Has Announced A Dividend Of €0.0333

Return Trends At Nokia Oyj (HEL:NOKIA) Aren't Appealing

Jun 12
Return Trends At Nokia Oyj (HEL:NOKIA) Aren't Appealing

Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0333

May 28
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0333

Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0333

May 14
Nokia Oyj (HEL:NOKIA) Will Pay A Dividend Of €0.0333

Is Nokia Oyj (HEL:NOKIA) Trading At A 48% Discount?

Apr 05
Is Nokia Oyj (HEL:NOKIA) Trading At A 48% Discount?

There's No Escaping Nokia Oyj's (HEL:NOKIA) Muted Earnings

Feb 23
There's No Escaping Nokia Oyj's (HEL:NOKIA) Muted Earnings

Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Jan 22
Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Nokia Oyj (HEL:NOKIA) Is Paying Out A Dividend Of €0.03

Jan 06
Nokia Oyj (HEL:NOKIA) Is Paying Out A Dividend Of €0.03

Nokia Oyj's (HEL:NOKIA) Intrinsic Value Is Potentially 51% Above Its Share Price

Jan 01
Nokia Oyj's (HEL:NOKIA) Intrinsic Value Is Potentially 51% Above Its Share Price

Nokia Oyj (HEL:NOKIA) Is Due To Pay A Dividend Of €0.03

Dec 17
Nokia Oyj (HEL:NOKIA) Is Due To Pay A Dividend Of €0.03

Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Dec 03
Nokia Oyj's (HEL:NOKIA) Dividend Will Be €0.03

Returns At Nokia Oyj (HEL:NOKIA) Are On The Way Up

Dec 02
Returns At Nokia Oyj (HEL:NOKIA) Are On The Way Up

Shareholder Returns

NOKIAFI CommunicationsFI Market
7D36.2%16.3%5.7%
1Y46.4%22.2%18.9%

Return vs Industry: NOKIA exceeded the Finnish Communications industry which returned 22.2% over the past year.

Return vs Market: NOKIA exceeded the Finnish Market which returned 18.9% over the past year.

Price Volatility

Is NOKIA's price volatile compared to industry and market?
NOKIA volatility
NOKIA Average Weekly Movement7.1%
Communications Industry Average Movement6.2%
Market Average Movement4.0%
10% most volatile stocks in FI Market7.3%
10% least volatile stocks in FI Market2.6%

Stable Share Price: NOKIA's share price has been volatile over the past 3 months compared to the Finnish market.

Volatility Over Time: NOKIA's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Finnish stocks.

About the Company

FoundedEmployeesCEOWebsite
186578,434Justin Hotardwww.nokia.com

Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications.

Nokia Oyj Fundamentals Summary

How do Nokia Oyj's earnings and revenue compare to its market cap?
NOKIA fundamental statistics
Market cap€35.78b
Earnings (TTM)€849.00m
Revenue (TTM)€19.75b
42.1x
P/E Ratio
1.8x
P/S Ratio

Is NOKIA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOKIA income statement (TTM)
Revenue€19.75b
Cost of Revenue€10.82b
Gross Profit€8.93b
Other Expenses€8.08b
Earnings€849.00m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

Jan 29, 2026

Earnings per share (EPS)0.16
Gross Margin45.19%
Net Profit Margin4.30%
Debt/Equity Ratio15.5%

How did NOKIA perform over the long term?

See historical performance and comparison

Dividends

2.1%
Current Dividend Yield
89%
Payout Ratio

Does NOKIA pay a reliable dividends?

See NOKIA dividend history and benchmarks
When do you need to buy NOKIA by to receive an upcoming dividend?
Nokia Oyj dividend dates
Ex Dividend DateOct 27 2025
Dividend Pay DateNov 06 2025
Days until Ex dividend2 days
Days until Dividend pay date8 days

Does NOKIA pay a reliable dividends?

See NOKIA dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/28 08:45
End of Day Share Price 2025/10/28 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nokia Oyj is covered by 60 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Richard KramerArete Research Services LLP
James KelleherArgus Research Company