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
Debt/Capital0.170.24
Interest Expense76.3130.08
Interest Coverage1.458.82


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)5711.843623.8
Div / share0.00.0
EPS-0.10.05
Book value / share4.132.72
Institutional Own % n/a n/a
Avg Daily Volume1.4206305E71.3708725E7

Valuation


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.


Price/Earnings
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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
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.

 
Price/Book
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.

 
Price/Sales
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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