NYSE · NOK
Nokia Oyj
Technology · Communication Equipment
$10.11▲ 2.75% ($0.27)today
As of 12:32 PM ET
Market cap
$54.61B
P/E
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 119.41% over the last year. Revenue grew 5.29% over the trailing twelve months. Operating margin moved from 4.08% to 3.4%. Free cash flow declined 65.14% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 96th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 3.4%) would need to stabilize or improve to justify the move. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Performance
Return analysis
Company profile
Nokia Oyj stands as a global technology leader, delivering comprehensive network infrastructure and solutions across mobile, fixed, and cloud domains.
Market multiples
Stock splits
Every 1 shares became 4
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
31
Buy
16
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 22, 2026
Q4 FY26 · EPS est $0.08 · Revenue est $5.75B
View
Dividends
$0.05/shareAnnual3yr growth streakStretchedNOK pays a dividend with a 0.46% dividend yield, 3 consecutive years of growth, growing at 5.74% annually, covered 1.9× by free cash flow.
Dividend Yield
0.46%
Annual Div / Share
$0.05
TTM $0.14
5yr CAGR
+5.74%
Doubles every ~12.4yr
Payout Ratio
81.65%
Stretched
Dividend Growth Rate
3yr CAGR
+37.21%
5yr CAGR
+5.74%
10yr CAGR
+0.06%
Dividend History
Annual dividends paid per share
Income Projection
Today
$0/mo
In 5 yrs
$1/mo
In 10 yrs
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$5/yr $0/mo | $6/yr+32% $1/mo | $8/yr+75% $1/mo |
Yield-on-cost grows from 0.46% → 0.8% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 5.74% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 81.65% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.