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Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Greger Johansson

Corporate Advisor

greger.johansson@redeye.se

+46854501333

Company Quality

  • 7.0
  • 3.0
  • 5.5
  • 6.5
  • 9.0

Leadership

Exclusive for members

Nokias historik de senaste åren har varit mycket varierande. Dock med försäljningen av mobiltelefondelen och förvärvet av Alcatel Lucent så har förtroendet förbättrats. Bra kapitalhantering samt bra kommunikation från ledningen.

Ownership

Exclusive for members

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Profit outlook

Exclusive for members

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Profitability

Exclusive for members

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Capital Strength

Exclusive for members

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Key Model Assumptions - The Bear Case

Exclusive for members

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

Exclusive for members

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Latest price

Exclusive for members

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Fair Value Range (EUR)

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Nokia, with 150 years of history, has dramatically changed in the past couple of years. Its Devices & Services business was sold to Microsoft (2014), its HERE map services (2015) were divested, and its huge acquisition of Alcatel/Lucent (2015/2016) has really changed the company to its core. Nokia’s goal once the integration of Alcatel is completed is for it to be able to offer the market a true end-to-end solution for communications. Read more...

Nokia, with 150 years of history, has dramatically changed in the past couple of years. Its Devices & Services business was sold to Microsoft (2014), its HERE map services (2015) were divested, and its huge acquisition of Alcatel/Lucent (2015/2016) has really changed the company to its core. Nokia’s goal once the integration of Alcatel is completed is for it to be able to offer the market a true end-to-end solution for communications.

The company currently has two major business areas, Nokia Networks and Nokia Technologies.
Nokia Networks, with revenues of some EUR 21-22 billion, comprises Mobile Networks, Fixed Networks, IP/Optical Networks and Applications & Analytics.
The other business area, Nokia Technologies, which includes patents and licensing agreements, has revenues of some EUR 1 billion but very high operating margins of 55–60%. Nokia’s total turnover in 2016 was EUR 23.6 billion, with an adjusted operating margin of around 9%.

Nokia is headquartered in Espoo (Helsinki), Finland, and has approximately 100,000 employees. The company’s share is listed at the Nasdaq Helsinki Stock Exchange and at the New York Stock Exchange.

Less...

TODAY

Day High
4.97
4.96
0.02
-0.3%
Day Low
4.93
Day Open
5.00
Prev Close
4.97
VWAP
5.0
Volume
1,959K
Turnover
9.701M
Top Broker
NON
VWAP
5.0
Avg Volume
14,008K
Avg Turnover
69.609M
Top Brokers
NRD/NON

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
29,028.5M
Total Return
-1.9%
Trailing P/E
-37.0
Div Yield
3.4%
Shares Outstanding
5,836.1M
Next Earnings Date
27 Apr
Stock Exchange
NASDAQ Helsinki

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months 3.7%
Rel Price Chg 12 Months -18.9%
Volume Trend
Avg Vol 10 vs 60 Days -6.7%
Price vs...
52-Week High -11.1%
50-Day Moving Average 1.8%
200-Day Moving Average 8.6%

Historic pricing of Nokia Oyj

Last price: 4.96 EUR

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Rajeev Suri, CEO
Kristian Pullola, CFO

Executive Board

Risto Siilasmaa, Chairman of the board

Last updated: 2017-03-21 Source: Redeye

Major Holders

Owner Equity Votes
NOKIA OYJ 1.7%
1.7%
ESKINÄINEN TYÖELÄKEVAKUUTUSYHTIÖ VARMA 1.1%
1.1%
SCHWEIZERISCHE NATIONALBANK 0.7%
0.7%
VALTION ELÄKERAHASTO 0.7%
0.7%
KESKINÄINEN ELÄKEVAKUUTUSYHTIÖ ILMARINEN 0.5%
0.5%
KESKINÄINEN TYÖELÄKEVAKUUTUSYHTIÖ ELO 0.3%
0.3%
FOLKETRYGDFONDET 0.3%
0.3%
OY LIVAL AB 0.3%
0.3%
SVENSKA LITTERATURSÄLLSKAPET I 0.3%
0.3%
SIJOITUSRAHASTO NORDEA SUOMI 0.2%
0.2%

Last updated: 2017-03-21 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (EUR)
2015-12-15 Svensson, Malin ANB Sale + 20 144
2015-12-15 Svensson, Kim ANB Sale + 60 23
2015-12-15 Svensson, Malin ANB Sale + 41 23
2015-12-15 Svensson, Sture ANB Sale + 74 106
2015-12-15 Kvist, Malin ANB Sale + 97 174

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (EUR)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (EURm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (EURm)
  • Capital employed (EURm)
  • Capital turnover rate
Previous year Next year
2014
  • 15.4%
  • 1.5%
  • -3.1%
  • 3.7%
  • 1.3%
  • 9.1%
  • 0.31
  • 0.30
  • 0.14
  • -1.25
  • 3,698.7M
  • 13,731.5
  • 15.8
  • 16.4
  • 1.4
  • 1.1
  • 29.3
  • 80.5
  • 2.1
  • 41.2%
  • 10.0%
  • -4,607
  • 4,062
  • 0.6
2015
  • 25.6%
  • 14.4%
  • 31.9%
  • 15.9%
  • 13.5%
  • 19.5%
  • 0.67
  • 0.39
  • 0.26
  • -1.93
  • 3,670.9M
  • 11,111.1
  • 7.5
  • 12.7
  • 1.5
  • 0.9
  • 5.6
  • 6.6
  • 1.7
  • 50.2%
  • 7.9%
  • -7,089
  • 3,379
  • 0.6
2016
  • -5.0%
  • -5.8%
  • -21.8%
  • 1.9%
  • -4.7%
  • -3.3%
  • -0.13
  • 0.27
  • 0.17
  • -0.87
  • 5,732.4M
  • 23,406.1
  • -37.1
  • 18.1
  • 1.2
  • 1.0
  • 53.3
  • -21.3
  • 1.4
  • 46.7%
  • 13.3%
  • -5,015
  • 15,960
  • 0.5
2017E
  • 1.4%
  • 3.2%
  • 3.2%
  • 9.2%
  • 3.3%
  • 1.3%
  • 0.05
  • 0.05
  • 0.18
  • -1.48
  • 5,697.2M
  • 19,827.1
  • 92.2
  • 92.2
  • 1.3
  • 0.9
  • 9.4
  • 26.0
  • 1.3
  • 54.8%
  • 1.4%
  • -8,419
  • 15,033
  • 0.5
2018E
  • 4.7%
  • 7.6%
  • 8.2%
  • 13.6%
  • 7.7%
  • 4.6%
  • 0.19
  • 0.22
  • 0.19
  • -1.55
  • 5,697.2M
  • 19,417.8
  • 26.6
  • 22.5
  • 1.2
  • 0.8
  • 6.2
  • 10.8
  • 1.3
  • 55.4%
  • 1.3%
  • -8,829
  • 14,482
  • 0.6
2019E
  • 5.9%
  • 9.1%
  • 10.4%
  • 14.1%
  • 9.2%
  • 5.7%
  • 0.23
  • 0.24
  • 0.21
  • -1.74
  • 5,697.2M
  • 18,349.5
  • 21.3
  • 20.4
  • 1.2
  • 0.8
  • 5.5
  • 8.5
  • 1.3
  • 56.8%
  • 0.5%
  • -9,897
  • 13,907
  • 0.6
Previous year Next year
    (EURm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 12,732
  • -12,264
  • 469
  • -298
  • 0
  • 0
  • 171
  • -11
  • -396
  • 0
  • -236
  • 1,408
  • 1,120
2015
  • 12,499
  • -10,513
  • 1,986
  • -298
  • 0
  • 0
  • 1,688
  • 29
  • -173
  • 0
  • 1,544
  • -352
  • 1,432
2016
  • 23,615
  • -23,175
  • 440
  • -1,539
  • 0
  • 0
  • -1,100
  • 18
  • -288
  • 0
  • -1,370
  • 457
  • 1,574
2017E
  • 5
  • 4
  • 7
  • 3
  • 9
  • 4
  • 8
  • 4
  • 5
  • 8
  • 3
  • 1
  • 0
Q1E
  • 7
  • 1
  • 1
  • 0
  • 4
  • 4
  • 8
  • 3
  • 3
  • 9
  • 0
  • 2
  • 6
Q2E
  • 9
  • 7
  • 0
  • 4
  • 1
  • 9
  • 0
  • 2
  • 6
  • 7
  • 5
  • 8
  • 6
Q3E
  • 9
  • 9
  • 3
  • 9
  • 0
  • 7
  • 4
  • 0
  • 3
  • 10
  • 7
  • 6
  • 4
Q4E
  • 4
  • 2
  • 6
  • 10
  • 0
  • 4
  • 7
  • 9
  • 5
  • 7
  • 4
  • 7
  • 4
2017E
  • 0
  • 9
  • 5
  • 6
  • 2
  • 0
  • 2
  • 6
  • 4
  • 2
  • 9
  • 7
  • 9
2018E
  • 9
  • 10
  • 6
  • 5
  • 0
  • 7
  • 0
  • 3
  • 5
  • 6
  • 9
  • 2
  • 4
Q1E
  • 8
  • 4
  • 5
  • 9
  • 9
  • 6
  • 10
  • 2
  • 5
  • 6
  • 8
  • 6
  • 5
Q2E
  • 10
  • 7
  • 8
  • 2
  • 4
  • 2
  • 2
  • 0
  • 1
  • 9
  • 9
  • 6
  • 4
Q3E
  • 8
  • 5
  • 1
  • 4
  • 6
  • 8
  • 5
  • 4
  • 2
  • 4
  • 9
  • 1
  • 9
Q4E
  • 9
  • 8
  • 3
  • 0
  • 9
  • 6
  • 10
  • 2
  • 8
  • 6
  • 5
  • 6
  • 8
2018E
  • 5
  • 4
  • 7
  • 9
  • 2
  • 0
  • 6
  • 6
  • 10
  • 3
  • 6
  • 6
  • 5
2019E
  • 3
  • 6
  • 10
  • 0
  • 8
  • 9
  • 8
  • 7
  • 3
  • 4
  • 6
  • 6
  • 6
Previous year Next year
    (EURm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 7,298
  • 3,429
  • 1,275
  • 1,722
  • 13,724
  • 716
  • -11
  • 3,711
  • 2,563
  • 0
  • 350
  • 0
  • 7,340
  • 0
  • 21,064
  • 115
  • 5,946
  • 655
  • 6,716
  • 2,576
  • 2,498
  • 0
  • 11,790
  • 32
  • 572
  • 8,611
  • 58
  • 8,669
  • 21,063
2015
  • 9,162
  • 3,913
  • 1,014
  • 1,735
  • 15,824
  • 695
  • 29
  • 3,791
  • 237
  • 0
  • 323
  • 0
  • 5,046
  • 0
  • 20,870
  • 50
  • 5,306
  • 559
  • 5,915
  • 2,023
  • 1,927
  • 0
  • 9,865
  • 62
  • 476
  • 10,447
  • 21
  • 10,468
  • 20,870
2016
  • 9,043
  • 6,972
  • 2,506
  • 2,198
  • 20,719
  • 1,981
  • 18
  • 11,240
  • 5,724
  • 0
  • 5,236
  • 0
  • 24,182
  • 0
  • 44,901
  • 371
  • 10,193
  • 870
  • 11,433
  • 3,657
  • 7,261
  • 0
  • 22,351
  • 403
  • 1,172
  • 20,094
  • 881
  • 20,975
  • 44,901
2017E
  • 8
  • 6
  • 9
  • 6
  • 2
  • 6
  • 10
  • 0
  • 10
  • 8
  • 4
  • 0
  • 3
  • 8
  • 5
  • 2
  • 7
  • 2
  • 4
  • 4
  • 2
  • 5
  • 7
  • 2
  • 7
  • 6
  • 8
  • 9
  • 5
2018E
  • 5
  • 6
  • 8
  • 0
  • 8
  • 8
  • 1
  • 6
  • 6
  • 1
  • 8
  • 8
  • 4
  • 2
  • 3
  • 1
  • 7
  • 10
  • 8
  • 10
  • 4
  • 3
  • 10
  • 5
  • 2
  • 3
  • 7
  • 4
  • 1
2019E
  • 1
  • 8
  • 1
  • 6
  • 2
  • 1
  • 6
  • 1
  • 8
  • 6
  • 1
  • 7
  • 8
  • 10
  • 8
  • 6
  • 8
  • 8
  • 2
  • 5
  • 4
  • 0
  • 6
  • 4
  • 6
  • 5
  • 1
  • 1
  • 3
Previous year Next year
    (EURm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 12,732
  • -12,264
  • -298
  • 171
  • -51
  • 119
  • 298
  • 417
  • -3,204
  • -1,590
  • 1,319
2015
  • 12,499
  • -10,513
  • -298
  • 1,688
  • -392
  • 1,296
  • 298
  • 1,594
  • -972
  • 1,996
  • 3,231
2016
  • 23,615
  • -23,175
  • -1,539
  • -1,100
  • 362
  • -737
  • 1,539
  • 802
  • 183
  • -20,675
  • 666
2017E
  • 3
  • 7
  • 1
  • 2
  • 5
  • 5
  • 6
  • 10
  • 7
  • 4
  • 2
2018E
  • 10
  • 3
  • 8
  • 7
  • 7
  • 3
  • 8
  • 3
  • 3
  • 5
  • 6
2019E
  • 6
  • 6
  • 5
  • 5
  • 10
  • 6
  • 10
  • 8
  • 3
  • 8
  • 1
Previous year Next year
More