NOK : NYSE : Technology
$5.77 | %
Today's Range: 5.72 - 5.78
Avg. Daily Volume: 13,936,800
07/29/16 - 4:03 PM ET

Financial Analysis

NOKIA CORP's gross profit margin for the first quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. NOKIA CORP has strong liquidity. Currently, the Quick Ratio is 1.59 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 139.86% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)6381.823151.41
EBITDA ($mil)572.92338.34
EBIT ($mil)110.48265.3
Net Income ($mil)-584.31190.12

Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)14221.558072.94
Total Assets ($mil)53141.1823646.31
Total Debt ($mil)4829.363054.74
Equity ($mil)23612.619844.13

Profitability Q1 FY16 Q1 FY15
Gross Profit Margin46.5842.64
EBITDA Margin8.9710.73
Operating Margin1.738.42
Sales Turnover0.320.58
Return on Assets3.5819.91
Return on Equity2.1633.75
Debt Q1 FY16 Q1 FY15
Current Ratio1.871.85
Interest Expense76.3130.08
Interest Coverage1.458.82

Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)5711.843623.8
Div / share0.00.0
Book value / share4.132.72
Institutional Own % n/a n/a
Avg Daily Volume1.4206305E71.3708725E7


HOLD. NOKIA CORP's P/E ratio indicates a premium compared to an average of 27.55 for the Communications Equipment industry and a premium compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 1.41 indicates a discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 3.09. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NOK 32.33 Peers 27.55   NOK NM Peers 12.38

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

NOK is trading at a premium to its peers.


Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

NOK's P/CF is negative making the measure meaningless.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
NOK 17.37 Peers 18.33   NOK NM Peers 0.62

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

NOK is trading at a significant premium to its peers.


Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

NOK's negative PEG ratio makes this valuation measure meaningless.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NOK 1.41 Peers 3.09   NOK -78.32 Peers 51.41

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

NOK is trading at a significant discount to its peers.


Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, NOK is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NOK 1.98 Peers 3.14   NOK 22.51 Peers 10.39

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

NOK is trading at a significant discount to its industry on this measurement.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

NOK has a sales growth rate that significantly exceeds its peers.



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