NOKIA:OMXHEXNokia Oyj Analysis
Data as of 2026-07-17 - not real-time
€9.15
Latest Price
6/10Risk
Risk Level: Medium
Executive Summary
Nokia’s share price has slipped below its short‑term moving average and is hovering near a key support level, while the MACD histogram remains in bearish territory, suggesting continued downside pressure in the near term.
Fundamentally, the stock trades at a valuation well above both its discounted cash‑flow estimate and the industry average price‑to‑earnings multiple, and the dividend payout is fully offset by earnings, raising concerns about sustainability. However, the company’s diversified global footprint and exposure to 5G and cloud networking provide a moderate growth narrative that could support a longer‑term rebound if pricing realigns.
Fundamentally, the stock trades at a valuation well above both its discounted cash‑flow estimate and the industry average price‑to‑earnings multiple, and the dividend payout is fully offset by earnings, raising concerns about sustainability. However, the company’s diversified global footprint and exposure to 5G and cloud networking provide a moderate growth narrative that could support a longer‑term rebound if pricing realigns.
Market Outlook
Short Term
< 1 yearCautious
Model confidence: 5/10
Key Factors
- Price below short‑term moving average and near support
- Bearish MACD signal
- High short‑term volatility
Medium Term
1–3 yearsNeutral
Model confidence: 6/10
Key Factors
- Valuation gap between market price and DCF fair value
- Stable cash generation and manageable debt levels
- Continued exposure to 5G and network services
Long Term
> 3 yearsNeutral
Model confidence: 7/10
Key Factors
- Fundamental earnings growth modest but steady
- Diversified geographic revenue base reduces concentration risk
- Potential for valuation compression as market re‑prices growth prospects
Key Metrics & Analysis
Financial Health
Revenue Growth2.40%
Profit Margin3.98%
P/E Ratio65.4
ROE3.72%
ROA2.76%
Debt/Equity15.63
P/B Ratio2.4
Op. Cash Flow€2.0B
Free Cash Flow€1.6B
Industry P/E33.2
Technical Analysis
TrendNeutral
RSI36.1
Support€9.73
Resistance€12.61
MA 20€11.23
MA 50€11.95
MA 200€7.58
MACDBearish
VolumeStable
Fear & Greed Index91.55
Valuation
Fair Value€4.59
Target Price€10.81
Upside/Downside18.08%
GradeOvervalued
TypeValue
Dividend Yield1.43%
Risk Assessment
Beta0.55
Volatility65.13%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskMedium
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.