Nokia Oyj

Factors to consider:

• Company pays dividends (semi-annually): last record date 2025-10-28, amount 0.03$ (Y0.97%)
• Total employees count: 51748 as of 2002
• Price in estimated range
• Earnings for 9 months up through Q3 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 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [3.66$, 6.30$]
• 2025-12-31 to 2026-12-31 estimated range: [4.09$, 6.95$]

Financial Metrics affecting the NOKBF estimates:

• Positive: with PPE of 18.3 at the end of fiscal year the price was very low
• Positive: 7.86 < Operating profit margin, % of 10.40
• Positive: Investing cash flow per share per price, % of -0.51 > -0.66
• Positive: 1.87 < Return on assets ratio (scaled to [-100,100]) of 3.16
• Positive: -8.75 < Industry operating profit margin (median), % of -6.41
• Negative: 0.79 < Interest expense per share per price, % of 1.41
• Negative: Industry earnings per price (median), % of 0 <= 0
• Negative: Industry operating cash flow per share per price (median), % of 1.01 <= 5.52
• Positive: 6.82 < Operating cash flow per share per price, % of 10.76