Nokia Oyj (ADR)

Factors to consider:

• Company pays dividends (annually): last record date 2026-07-28, amount 0.05$ (Y0.51%)
• Total employees count: 18600 as of 2001
• Current price 17.5% above estimated high
• Earnings for 6 months up through Q2 are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2025-12-31 to 2027-12-31

• 2025-12-31 to 2026-12-31 estimated range: [5.25$, 8.37$]
• 2026-12-31 to 2027-12-31 estimated range: [5.28$, 8.51$]

Financial Metrics affecting the NOK estimates:

• Positive: with PPE of 18.2 at the end of fiscal year the price was very low
• Positive: -4.23 < Operating profit margin, % of 3.93
• Positive: 6.77 < Operating cash flow per share per price, % of 6.86
• Positive: 42.26 < Shareholder equity ratio, % of 55.77 <= 63.63
• Positive: -3.10 < Return on assets ratio (scaled to [-100,100]) of 1.70
• Positive: -14.39 < Investing cash flow per share per price, % of -4.63
• Positive: -9.15 < Industry operating profit margin (median), % of -1.35
• Positive: Interest expense per share per price, % of 0.73 <= 0.75
• Positive: Inventory ratio change, % of -0.16 <= 0