Company Valuation: Nokia Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 31,473 24,175 16,899 23,017 31,170 47,152 - -
Change - -23.19% -30.1% 36.2% 35.42% 51.27% - -
Enterprise Value (EV) 1 27,531 19,408 12,576 18,163 27,792 43,926 42,966 41,463
Change - -29.51% -35.2% 44.42% 53.02% 58.05% -2.18% -3.5%
P/E 19.2x 5.77x 25.4x 18.6x 46.4x 40.3x 24.6x 19.4x
PBR 1.81x 1.13x 0.82x 1.11x 1.48x 2.19x 2.09x 1.95x
PEG - 0x -0.3x 0.2x -1x 0.5x 0.4x 0.7x
Capitalization / Revenue 1.42x 0.97x 0.76x 1.13x 1.57x 2.27x 2.12x 2x
EV / Revenue 1.24x 0.78x 0.57x 0.9x 1.4x 2.12x 1.94x 1.76x
EV / EBITDA 7.91x 5.06x 4.04x 5.02x 10.3x 13.5x 11.1x 9.3x
EV / EBIT 9.92x 6.24x 5.3x 6.93x 13.7x 18.3x 14.3x 11.6x
EV / FCF 13.3x 22.2x 18.9x 8.99x 19x 33.4x 20.3x 15.7x
FCF Yield 7.5% 4.5% 5.29% 11.1% 5.27% 2.99% 4.92% 6.36%
Dividend per Share 2 0.08 0.12 0.13 0.14 0.14 0.1517 0.1629 0.1758
Rate of return 1.44% 2.77% 4.26% 3.28% 2.51% 1.8% 1.93% 2.09%
EPS 2 0.29 0.75 0.12 0.23 0.12 0.209 0.3428 0.4349
Distribution rate 27.6% 16% 108% 60.9% 117% 72.6% 47.5% 40.4%
Net sales 1 22,202 24,911 22,258 20,279 19,904 20,753 22,196 23,576
EBITDA 1 3,479 3,838 3,110 3,616 2,699 3,257 3,878 4,459
EBIT 1 2,775 3,109 2,375 2,619 2,024 2,402 3,010 3,562
Net income 1 1,623 4,250 665 1,277 651 1,152 1,907 2,453
Net Debt 1 -3,942 -4,767 -4,323 -4,854 -3,378 -3,226 -4,185 -5,688
Reference price 2 5.574 4.327 3.052 4.274 5.572 8.422 8.422 8.422
Nbr of stocks (in thousands) 5,646,452 5,587,016 5,537,060 5,384,608 5,593,993 5,598,645 - -
Announcement Date 2/3/22 1/26/23 1/25/24 1/30/25 1/29/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.16x5.86x15.18x1.59% 423B
46.39x16.39x32.85x-.--% 223B
15.73x0.63x11.42x2.88% 142B
21.68x6.78x16.36x0.57% 117B
33.51x6.52x18.9x1.04% 76.65B
38.27x11.49x25.36x-.--% 74.65B
28.17x6.43x21.21x1.45% 54.92B
39.1x2.11x13.49x1.8% 53.05B
57.37x7.43x32.85x-.--% 47.18B
Average 34.04x 7.07x 20.85x 1.04% 134.67B
Weighted average by Cap. 31.32x 7.59x 19.86x 1.16%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nokia Oyj

Historical PBR trend

Valuation ratios - PBR - Nokia Oyj

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nokia Oyj

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nokia Oyj


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nokia Oyj