NOK Chart
About

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. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to communications service providers, industrial enterprises, governments, digital industries, webscales and hyperscalers, licensees, and the defense sector. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.

Fundamentals
Scroll to Statements
Sector Technology Industry Communication Equipment Market Cap 41.81B
Enterprise Value 40.34B Income 629.00M Sales 19.89B
Book/sh 4.44 Cash/sh 1.15 Dividend Yield 213.00%
Payout 126.97% Employees — IPO —
P/E 57.62 Forward P/E 17.13 PEG —
P/S 2.10 P/B 1.69 P/C —
EV/EBITDA 15.49 EV/Sales 2.03 Quick Ratio 1.36
Current Ratio 1.58 Debt/Eq 20.96 LT Debt/Eq —
EPS (ttm) 0.13 EPS next Y 0.44 EPS Growth -39.20%
Revenue Growth 2.40% Earnings 2026-04-23 ROA 2.42%
ROE 3.05% ROIC — Gross Margin 44.65%
Oper. Margin 13.75% Profit Margin 3.27% Shs Outstand 5.58B
Shs Float 4.35B Short Float 0.70% Short Ratio 1.08
Short Interest — 52W High 8.19 52W Low 4.00
Beta 0.56 Avg Volume 30.23M Volume 27.15M
Target Price $6.87 Recom Hold Prev Close $7.57
Price $7.49 Change -1.06%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$6.87
Mean price target
2. Current target
$7.49
Latest analyst target
3. DCF / Fair value
$1.90
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$7.49
Low
$4.30
High
$8.50
Mean
$6.87

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-09 init Morgan Stanley — → Overweight $8
2025-12-01 main JP Morgan Overweight → Overweight $8
2025-10-28 up Jefferies Hold → Buy —
2025-10-24 main JP Morgan Overweight → Overweight $7
2025-07-29 main JP Morgan Overweight → Overweight $6
2025-02-21 main JP Morgan Overweight → Overweight $6
2025-01-06 main Craig-Hallum Buy → Buy $7
2024-12-09 up JP Morgan Neutral → Overweight $6
2024-10-21 main JP Morgan Neutral → Neutral $4
2024-10-18 reit Northland Capital Markets Outperform → Outperform $7
2024-09-04 reit Northland Capital Markets Outperform → Outperform $7
2024-04-16 main JP Morgan Neutral → Neutral $4
2023-12-19 main Goldman Sachs Neutral → Neutral $3
2023-12-18 down Goldman Sachs Buy → Neutral $3
2023-12-15 down Citigroup Buy → Sell —
2023-12-13 main Raymond James Outperform → Outperform $4
2023-10-20 main Goldman Sachs Buy → Buy $5
2023-10-20 main Raymond James Outperform → Outperform $5
2023-10-17 main JP Morgan Overweight → Overweight $7
2023-07-21 main Goldman Sachs Buy → Buy $6
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems79.96M2.00M-24.80M46.46M
TaxRateForCalcs0.180.200.200.14
NormalizedEBITDA2.99B2.90B3.65B2.90B
TotalUnusualItems440.00M10.00M-124.00M329.00M
TotalUnusualItemsExcludingGoodwill440.00M10.00M-124.00M329.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.70B635.00M4.19B1.63B
ReconciledDepreciation1.01B1.09B1.14B1.09B
ReconciledCostOfRevenue10.36B12.59B13.66B13.37B
EBITDA3.43B2.91B3.53B3.23B
EBIT2.42B1.83B2.39B2.13B
NetInterestIncome74.00M43.00M-125.00M-181.00M
InterestExpense327.00M357.00M220.00M206.00M
InterestIncome478.00M408.00M174.00M75.00M
NormalizedIncome1.34B627.00M4.29B1.35B
NetIncomeFromContinuingAndDiscontinuedOperation1.28B665.00M4.25B1.62B
TotalExpenses17.65B19.68B21.32B20.43B
TotalOperatingIncomeAsReported2.00B1.66B2.30B2.16B
DilutedAverageShares5.53B5.59B5.67B5.68B
BasicAverageShares5.48B5.55B5.61B5.63B
DilutedEPS0.230.120.750.29
BasicEPS0.230.120.760.29
DilutedNIAvailtoComStockholders1.28B665.00M4.25B1.62B
NetIncomeCommonStockholders1.28B665.00M4.25B1.62B
NetIncome1.28B665.00M4.25B1.62B
MinorityInterests-7.00M-14.00M-9.00M-22.00M
NetIncomeIncludingNoncontrollingInterests1.28B679.00M4.26B1.65B
NetIncomeDiscontinuousOperations-427.00M30.00M57.00M-9.00M
NetIncomeContinuousOperations1.71B649.00M4.20B1.65B
TaxProvision380.00M820.00M-2.03B272.00M
PretaxIncome2.09B1.47B2.17B1.93B
OtherIncomeExpense447.00M-29.00M-150.00M338.00M
SpecialIncomeCharges357.00M168.00M-65.00M156.00M
GainOnSaleOfPPE95.00M139.00M2.00M66.00M
GainOnSaleOfBusiness262.00M29.00M5.00M
OtherSpecialCharges-90.00M
WriteOff0.000.0072.00M0.00
ImpairmentOfCapitalAssets0.000.00
EarningsFromEquityInterest7.00M-39.00M-26.00M9.00M
GainOnSaleOfSecurity83.00M-158.00M-59.00M173.00M
NetNonOperatingInterestIncomeExpense74.00M43.00M-125.00M-181.00M
TotalOtherFinanceCost77.00M8.00M79.00M50.00M
InterestExpenseNonOperating327.00M357.00M220.00M206.00M
InterestIncomeNonOperating478.00M408.00M174.00M75.00M
OperatingIncome1.57B1.46B2.44B1.77B
OperatingExpense7.29B7.09B7.66B7.07B
OtherOperatingExpenses12.00M-69.00M92.00M75.00M
ProvisionForDoubtfulAccounts-122.00M5.00M106.00M-16.00M
ResearchAndDevelopment4.51B4.28B4.50B4.21B
SellingGeneralAndAdministration2.89B2.88B2.96B2.79B
GrossProfit8.86B8.55B10.10B8.83B
CostOfRevenue10.36B12.59B13.66B13.37B
TotalRevenue19.22B21.14B23.76B22.20B
OperatingRevenue19.22B21.14B23.76B22.20B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber232.70M87.90M45.28M40.47M
OrdinarySharesNumber5.37B5.53B5.59B5.63B
ShareIssued5.61B5.61B5.63B5.68B
TotalDebt4.75B5.19B5.52B5.66B
TangibleBookValue14.12B13.95B14.40B10.31B
InvestedCapital24.54B24.73B25.81B22.01B
WorkingCapital6.59B7.23B7.49B7.50B
NetTangibleAssets14.12B13.95B14.40B10.31B
CapitalLeaseObligations863.00M997.00M1.04B1.01B
CommonStockEquity20.66B20.54B21.33B17.36B
TotalCapitalization23.57B24.17B25.58B21.90B
TotalEquityGrossMinorityInterest20.75B20.63B21.43B17.46B
MinorityInterest90.00M91.00M93.00M102.00M
StockholdersEquity20.66B20.54B21.33B17.36B
GainsLossesNotAffectingRetainedEarnings18.15B18.61B19.56B19.55B
OtherEquityAdjustments13.93B15.26B15.49B15.73B
ForeignCurrencyTranslationAdjustments263.00M-249.00M169.00M-396.00M
UnrealizedGainLoss3.96B3.60B3.90B4.22B
TreasuryStock431.00M352.00M352.00M352.00M
RetainedEarnings1.96B1.40B1.38B-2.54B
AdditionalPaidInCapital734.00M628.00M503.00M454.00M
CapitalStock246.00M246.00M246.00M246.00M
CommonStock246.00M246.00M246.00M246.00M
TotalLiabilitiesNetMinorityInterest18.40B19.23B21.52B22.59B
TotalNonCurrentLiabilitiesNetMinorityInterest7.01B8.30B8.74B10.49B
OtherNonCurrentLiabilities87.00M69.00M57.00M85.00M
EmployeeBenefits2.08B2.30B2.46B3.41B
NonCurrentPensionAndOtherPostretirementBenefitPlans2.08B2.30B2.46B3.41B
NonCurrentAccruedExpenses30.00M42.00M46.00M46.00M
NonCurrentDeferredLiabilities747.00M935.00M452.00M941.00M
NonCurrentDeferredRevenue185.00M210.00M120.00M659.00M
NonCurrentDeferredTaxesLiabilities562.00M725.00M332.00M282.00M
LongTermDebtAndCapitalLeaseObligation3.58B4.44B5.11B5.36B
LongTermCapitalLeaseObligation664.00M799.00M858.00M824.00M
LongTermDebt2.92B3.64B4.25B4.54B
LongTermProvisions479.00M518.00M622.00M645.00M
CurrentLiabilities11.39B10.93B12.77B12.10B
OtherCurrentLiabilities2.46B1.71B1.66B1.42B
CurrentDeferredLiabilities1.51B2.16B1.98B2.45B
CurrentDeferredRevenue1.51B2.16B1.98B2.45B
CurrentDebtAndCapitalLeaseObligation1.17B752.00M412.00M301.00M
CurrentCapitalLeaseObligation199.00M198.00M184.00M185.00M
CurrentDebt969.00M554.00M228.00M116.00M
OtherCurrentBorrowings969.00M554.00M228.00M116.00M
CurrentProvisions749.00M744.00M813.00M924.00M
PayablesAndAccruedExpenses5.51B5.57B7.92B7.01B
CurrentAccruedExpenses1.78B1.62B2.67B2.78B
Payables3.73B3.95B5.24B4.23B
TotalTaxPayable521.00M526.00M513.00M551.00M
IncomeTaxPayable207.00M203.00M185.00M202.00M
AccountsPayable3.21B3.42B4.73B3.68B
TotalAssets39.15B39.86B42.94B40.05B
TotalNonCurrentAssets21.16B21.69B22.68B20.45B
OtherNonCurrentAssets41.00M79.00M60.00M
DefinedPensionBenefit6.93B6.26B6.75B7.74B
NonCurrentPrepaidAssets45.00M47.00M
NonCurrentDeferredAssets3.60B3.87B3.83B1.27B
NonCurrentDeferredTaxesAssets3.60B3.87B3.83B1.27B
NonCurrentAccountsReceivable210.00M213.00M160.00M148.00M
InvestmentsAndAdvances1.76B1.90B1.98B1.33B
InvestmentinFinancialAssets1.64B1.81B1.78B1.08B
AvailableForSaleSecurities1.64B1.81B1.78B325.00M
FinancialAssetsDesignatedasFairValueThroughProfitorLossTotal828.00M758.00M
LongTermEquityInvestment124.00M88.00M199.00M243.00M
GoodwillAndOtherIntangibleAssets6.54B6.59B6.93B7.05B
OtherIntangibleAssets802.00M1.09B1.26B1.62B
Goodwill5.74B5.50B5.67B5.43B
NetPPE2.12B2.86B2.94B2.81B
AccumulatedDepreciation-4.05B-4.00B-3.97B-3.61B
GrossPPE6.17B6.86B6.91B6.42B
ConstructionInProgress126.00M167.00M248.00M280.00M
OtherProperties286.00M275.00M241.00M223.00M
MachineryFurnitureEquipment3.39B3.55B3.59B3.37B
BuildingsAndImprovements1.42B1.43B1.42B1.32B
LandAndImprovements946.00M1.43B1.41B1.23B
Properties0.000.000.000.00
CurrentAssets17.99B18.17B20.27B19.60B
AssetsHeldForSaleCurrent0.0079.00M0.00
PrepaidAssets173.00M187.00M423.00M836.00M
Inventory2.16B2.72B3.27B2.39B
FinishedGoods930.00M980.00M1.38B1.04B
WorkInProcess525.00M583.00M815.00M680.00M
RawMaterials708.00M1.16B1.07B673.00M
Receivables6.74B6.94B7.42B6.76B
OtherReceivables945.00M1.36B1.23B1.17B
TaxesReceivable545.00M655.00M638.00M214.00M
AccountsReceivable5.25B4.92B5.55B5.38B
CashCashEquivalentsAndShortTermInvestments8.91B8.24B9.16B9.60B
OtherShortTermInvestments2.29B2.01B3.69B2.91B
CashAndCashEquivalents6.62B6.23B5.47B6.69B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow2.02B665.00M873.00M2.06B
RepurchaseOfCapitalStock-680.00M-300.00M-300.00M0.00
RepaymentOfDebt-695.00M-1.04B-219.00M-1.15B
IssuanceOfDebt101.00M496.00M8.00M17.00M
CapitalExpenditure-472.00M-652.00M-601.00M-560.00M
EndCashPosition6.62B6.23B5.47B6.69B
BeginningCashPosition6.23B5.47B6.69B6.94B
EffectOfExchangeRateChanges16.00M-91.00M19.00M133.00M
ChangesInCash373.00M858.00M-1.24B-382.00M
FinancingCashFlow-2.00B-1.50B-837.00M-1.21B
CashFlowFromContinuingFinancingActivities-2.00B-1.50B-837.00M-1.21B
CashDividendsPaid-723.00M-621.00M-353.00M-9.00M
CommonStockDividendPaid-723.00M-621.00M-353.00M-9.00M
NetCommonStockIssuance-680.00M-300.00M-300.00M0.00
CommonStockPayments-680.00M-300.00M-300.00M0.00
NetIssuancePaymentsOfDebt-600.00M-581.00M-184.00M-1.20B
NetShortTermDebtIssuance-6.00M-40.00M27.00M-67.00M
NetLongTermDebtIssuance-594.00M-541.00M-211.00M-1.14B
LongTermDebtPayments-695.00M-1.04B-219.00M-1.15B
LongTermDebtIssuance101.00M496.00M8.00M17.00M
InvestingCashFlow-117.00M1.04B-1.88B-1.79B
CashFlowFromContinuingInvestingActivities-117.00M1.04B-1.88B-1.79B
NetOtherInvestingChanges61.00M22.00M-31.00M-58.00M
NetInvestmentPurchaseAndSale4.00M1.48B-1.26B-1.25B
SaleOfInvestment1.21B3.42B2.45B675.00M
PurchaseOfInvestment-1.20B-1.94B-3.71B-1.92B
NetBusinessPurchaseAndSale193.00M6.00M-17.00M-33.00M
SaleOfBusiness259.00M25.00M3.00M0.00
PurchaseOfBusiness-66.00M-19.00M-20.00M-33.00M
NetPPEPurchaseAndSale-375.00M-463.00M-568.00M-457.00M
SaleOfPPE97.00M189.00M33.00M103.00M
PurchaseOfPPE-472.00M-652.00M-601.00M-560.00M
OperatingCashFlow2.49B1.32B1.47B2.62B
CashFlowFromContinuingOperatingActivities2.49B1.32B1.47B2.62B
TaxesRefundPaid-342.00M-576.00M-381.00M-314.00M
InterestReceivedCFO226.00M178.00M65.00M41.00M
InterestPaidCFO-263.00M-241.00M-180.00M-192.00M
ChangeInWorkingCapital-569.00M-1.28B-1.84B-268.00M
ChangeInOtherCurrentLiabilities-609.00M-2.03B-401.00M-459.00M
ChangeInInventory404.00M443.00M-991.00M-48.00M
ChangeInReceivables-364.00M304.00M-451.00M239.00M
OtherNonCashItems333.00M526.00M205.00M444.00M
StockBasedCompensation241.00M202.00M149.00M108.00M
AssetImpairmentCharge611.00M25.00M152.00M40.00M
DeferredTax385.00M825.00M-2.03B273.00M
DeferredIncomeTax385.00M825.00M-2.03B273.00M
DepreciationAmortizationDepletion1.01B1.09B1.14B1.09B
DepreciationAndAmortization1.01B1.09B1.14B1.09B
AmortizationCashFlow390.00M423.00M
AmortizationOfIntangibles390.00M423.00M
Depreciation624.00M664.00M
OperatingGainsLosses-427.00M-106.00M-62.00M-247.00M
EarningsLossesFromEquityInvestments26.00M-9.00M
GainLossOnInvestmentSecurities-47.00M56.00M-27.00M-188.00M
GainLossOnSaleOfPPE-94.00M-143.00M-30.00M-59.00M
GainLossOnSaleOfBusiness-286.00M-19.00M-5.00M0.00
NetIncomeFromContinuingOperations1.28B679.00M4.26B1.65B
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for NOK
Date User Asset Broker Type Position Size Entry Price Patterns