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Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, 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 edge 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 defense communications energy and resources, enterprise and industrial campus, private networks, public sector, and transportation industries. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Nokia Corporation is a Finland-based provider of telecommunications equipment, cloud and software solutions, and patent licensing for mobile and fixed networks. Long-term growth may be supported by 5G rollouts, cloud-native network adoption and private wireless demand, and investors may view its scale, R&D and carrier relationships as strengths.
Key risks include intense competition, execution and product-delivery risks, cyclical carrier capital spending and geopolitical or regulatory pressures that could affect market access.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 914.66M | 2091.00M | 1499.00M | 2184.00M | 1926.00M |
| Minority interest | -9.00M | -7.00M | -14.00M | -9.00M | -22.00M |
| Net income | 628.76M | 1277.00M | 665.00M | 4250.00M | 1623.00M |
| Selling general administrative | 3073.00M | 2890.00M | 2929.00M | 3013.00M | 2792.00M |
| Selling and marketing expenses | - | - | - | 3013.00M | 2792.00M |
| Gross profit | 8365.87M | 8864.00M | 8838.00M | 10222.00M | 8834.00M |
| Reconciled depreciation | 1119.00M | 1014.00M | 1087.00M | 1140.00M | 1095.00M |
| Ebit | 896.66M | 2418.00M | 1826.00M | 2318.00M | 2158.00M |
| Ebitda | 2015.24M | 3432.00M | 2913.00M | 3458.00M | 3253.00M |
| Depreciation and amortization | 1118.58M | 1014.00M | 1087.00M | 1140.00M | 1095.00M |
| Operating income | 1645.38M | 1999.00M | 1688.00M | 2318.00M | 2158.00M |
| Other operating expenses | 18236.17M | 17221.00M | 20570.00M | 22593.00M | 20044.00M |
| Interest expense | 250.91M | 327.00M | 357.00M | 222.00M | 206.00M |
| Tax provision | 277.00M | 380.00M | 825.00M | -2026.00M | 272.00M |
| Interest income | 354.00M | 478.00M | 407.00M | 174.00M | 75.00M |
| Net interest income | 6.00M | 74.00M | 41.00M | -108.00M | -241.00M |
| Income tax expense | 276.90M | 380.00M | 825.00M | -2026.00M | 272.00M |
| Total revenue | 19881.55M | 19220.00M | 22258.00M | 24911.00M | 22202.00M |
| Total operating expenses | 6720.48M | 6865.00M | 7150.00M | 7904.00M | 6676.00M |
| Cost of revenue | 11515.69M | 10356.00M | 13420.00M | 14689.00M | 13368.00M |
| Total other income expense net | -730.73M | 92.00M | -189.00M | -26.00M | 9.00M |
| Discontinued operations | - | - | - | 49.00M | -9.00M |
| Net income from continuing ops | 638.00M | 1711.00M | 674.00M | 4210.00M | 1654.00M |
| Net income applicable to common shares | - | - | - | 4250.00M | 1623.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 37582.92M | 39149.00M | 39860.00M | 42943.00M | 40049.00M |
| Intangible assets | 1398.48M | 802.00M | 1086.00M | 1263.00M | 1620.00M |
| Other current assets | 339.87M | 173.00M | 1567.00M | 615.00M | 859.00M |
| Total liab | 16532.81M | 18402.00M | 19232.00M | 21517.00M | 22587.00M |
| Total stockholder equity | 20959.15M | 20657.00M | 20537.00M | 21333.00M | 17360.00M |
| Other current liab | 4174.95M | 4986.00M | 6527.00M | 5655.00M | 5828.00M |
| Common stock | 245.91M | 246.00M | 246.00M | 246.00M | 246.00M |
| Capital stock | 246.00M | 246.00M | 246.00M | 246.00M | 246.00M |
| Retained earnings | 1856.30M | 1956.00M | 1404.00M | 1375.00M | -2537.00M |
| Other liab | - | - | - | 3636.00M | 5125.00M |
| Good will | 5993.75M | 5736.00M | 5504.00M | 5667.00M | 5431.00M |
| Other assets | - | - | -4881.00M | 11079.00M | 9386.00M |
| Cash | 5459.95M | 6623.00M | 6234.00M | 5467.00M | 6691.00M |
| Total current liabilities | 10000.25M | 11394.00M | 10933.00M | 12774.00M | 12101.00M |
| Current deferred revenue | 1561.41M | 1506.00M | 28.00M | 1977.00M | 2293.00M |
| Net debt | -1046.95M | -1873.00M | -1046.00M | 52.00M | -1029.00M |
| Short term debt | 1287.00M | 1168.00M | 752.00M | 412.00M | 301.00M |
| Short long term debt | 1084.00M | 969.00M | 554.00M | 228.00M | 116.00M |
| Short long term debt total | 4413.00M | 4750.00M | 5188.00M | 5519.00M | 5662.00M |
| Other stockholder equity | 20128.46M | 303.00M | 276.00M | 151.00M | 102.00M |
| Property plant equipment | - | - | - | 2944.00M | 2808.00M |
| Total current assets | 15786.08M | 17987.00M | 18166.00M | 20266.00M | 19597.00M |
| Long term investments | 1620.00M | 1763.00M | 1903.00M | 1976.00M | 1326.00M |
| Net tangible assets | - | - | - | 14403.00M | 10309.00M |
| Short term investments | 960.64M | 2290.00M | 2006.00M | 3695.00M | 2913.00M |
| Net receivables | 6817.45M | 6738.00M | 6057.00M | 7839.00M | 6742.00M |
| Long term debt | 2329.00M | 2918.00M | 3637.00M | 4249.00M | 4537.00M |
| Inventory | 2208.17M | 2163.00M | 2719.00M | 3265.00M | 2392.00M |
| Accounts payable | 2976.89M | 3213.00M | 3423.00M | 4730.00M | 3679.00M |
| Accumulated other comprehensive income | -1271.52M | 18152.00M | 18611.00M | 19561.00M | 19549.00M |
| Non currrent assets other | 6377.61M | 7142.00M | 6471.00M | 6993.00M | 7995.00M |
| Non current assets total | 21796.83M | 21162.00M | 21694.00M | 22677.00M | 20452.00M |
| Capital lease obligations | 1000.00M | 863.00M | 997.00M | 1042.00M | 1009.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 834.00M | -117.00M | 1043.00M | -1880.00M | -1247.00M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -1395.48M | -117.00M | 1043.00M | -1880.00M | -1795.00M |
| Net borrowings | -585.00M | -600.00M | -581.00M | -184.00M | -1203.00M |
| Total cash from financing activities | -1609.40M | -2003.00M | -1502.00M | -837.00M | -1212.00M |
| Change to operating activities | - | - | - | -401.00M | -459.00M |
| Net income | 628.76M | 1284.00M | 679.00M | 4259.00M | 1646.00M |
| Change in cash | -375.41M | 389.00M | 767.00M | -1224.00M | -249.00M |
| Begin period cash flow | 5835.36M | 6234.00M | 5467.00M | 6691.00M | 6940.00M |
| End period cash flow | 5459.95M | 6623.00M | 6234.00M | 5467.00M | 6691.00M |
| Total cash from operating activities | 2070.22M | 2493.00M | 1317.00M | 1474.00M | 2626.00M |
| Issuance of capital stock | 859.00M | 0.00M | 0.00M | - | - |
| Depreciation | 1118.58M | 1014.00M | 1087.00M | 1140.00M | 1095.00M |
| Other cashflows from investing activities | 87.97M | 158.00M | 211.00M | -28.00M | -58.00M |
| Dividends paid | 752.72M | 723.00M | 621.00M | -353.00M | -9.00M |
| Change to inventory | 148.94M | 404.00M | 443.00M | -991.00M | -48.00M |
| Change to account receivables | -24.99M | -364.00M | 304.00M | -451.00M | 239.00M |
| Sale purchase of stock | -623.77M | -680.00M | -300.00M | -300.00M | - |
| Other cashflows from financing activities | -727.73M | - | 1043.00M | 35.00M | 17.00M |
| Change to netincome | - | - | - | -2073.00M | 175.00M |
| Capital expenditures | 605.77M | 472.00M | 652.00M | 601.00M | 560.00M |
| Change in working capital | -208.92M | -569.00M | -1282.00M | -1843.00M | -268.00M |
| Stock based compensation | 337.00M | 241.00M | 202.00M | 149.00M | 108.00M |
| Other non cash items | -82.20M | 138.00M | -194.00M | -201.00M | -228.00M |
| Free cash flow | 1464.45M | 2021.00M | 665.00M | 873.00M | 2066.00M |
Sector: Technology Industry: Communication Equipment
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NOKBF Nokia Corporation |
-0.12 1.40% |
8.45 | 70.93 | 22.32 | 2.73 | 2.23 | 2.27 | 23.07 |
| CSCO Cisco Systems Inc |
1.36 1.34% |
102.97 | 31.58 | 19.42 | 6.00 | 7.42 | 6.24 | 21.68 |
| LITE Lumentum Holdings Inc |
-1.72 0.25% |
682.68 | - | 38.31 | 24.97 | 16.13 | 24.50 | 114.87 |
| HPE Hewlett Packard Enterprise Co |
1.88 3.67% |
53.07 | 28.51 | 12.20 | 1.77 | 2.80 | 2.11 | 13.02 |
| CIEN Ciena Corp |
- -% |
300.08 | 322.25 | 111.11 | 13.97 | 25.62 | 14.02 | 141.08 |
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, 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 edge 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 defense communications energy and resources, enterprise and industrial campus, private networks, public sector, and transportation industries. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
| Name | Title | Year Born |
|---|---|---|
| Mr. Pekka Ilmari Lundmark | Pres & CEO | 1963 |
| Mr. Marco Wiren M.Sc. (Econ.) | Chief Financial Officer | 1966 |
| Mr. Stephan Prosi | VP of Corp. Controlling & Accounting | NA |
| Mr. Nishant Batra | Chief Strategy & Technology Officer | 1978 |
| Mr. David Terence Mulholland C.F.A. | Head of Investor Relations | NA |
| Esa Niinimaki | Interim Chief Legal Officer, Corp. & Sec. to the Board | NA |
| Ms. Amy Hanlon-Rodemich | Chief People Officer | 1972 |
| Mr. Sergei Khraby | Head of Belarussian office | NA |
| Ms. Maria Rosaria Varsellona J.D., L.L.B. | Exec. Officer | 1970 |
| Qais Esrawee | Head of Sub-Region, Lower Gulf, Afghanistan & Pakistan - Networks Bus. | NA |
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