Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 3.62
NOK's Cash to Debt is ranked higher than
61% of the 636 Companies
in the Global Communication Equipment industry.

( Industry Median: 6.25 vs. NOK: 3.62 )
NOK' s 10-Year Cash to Debt Range
Min: 0.64   Max: No Debt
Current: 3.62

Equity to Asset 0.35
NOK's Equity to Asset is ranked lower than
57% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.58 vs. NOK: 0.35 )
NOK' s 10-Year Equity to Asset Range
Min: 0.26   Max: 0.63
Current: 0.35

0.26
0.63
Interest Coverage 1.85
NOK's Interest Coverage is ranked lower than
62% of the 371 Companies
in the Global Communication Equipment industry.

( Industry Median: 124.89 vs. NOK: 1.85 )
NOK' s 10-Year Interest Coverage Range
Min: 1.85   Max: 9999.99
Current: 1.85

1.85
9999.99
F-Score: 6
Z-Score: 2.02
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 4.08
NOK's Operating margin (%) is ranked higher than
72% of the 604 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.20 vs. NOK: 4.08 )
NOK' s 10-Year Operating margin (%) Range
Min: -5.33   Max: 22.99
Current: 4.08

-5.33
22.99
Net-margin (%) -4.84
NOK's Net-margin (%) is ranked lower than
51% of the 604 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.61 vs. NOK: -4.84 )
NOK' s 10-Year Net-margin (%) Range
Min: -20.16   Max: 14.11
Current: -4.84

-20.16
14.11
ROE (%) -9.51
NOK's ROE (%) is ranked lower than
54% of the 596 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.11 vs. NOK: -9.51 )
NOK' s 10-Year ROE (%) Range
Min: -39.12   Max: 48.69
Current: -9.51

-39.12
48.69
ROA (%) -2.44
NOK's ROA (%) is ranked higher than
51% of the 610 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.80 vs. NOK: -2.44 )
NOK' s 10-Year ROA (%) Range
Min: -10.36   Max: 19.8
Current: -2.44

-10.36
19.8
ROC (Joel Greenblatt) (%) 91.52
NOK's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 607 Companies
in the Global Communication Equipment industry.

( Industry Median: 12.61 vs. NOK: 91.52 )
NOK' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -58.25   Max: 416.98
Current: 91.52

-58.25
416.98
Revenue Growth (%) -33.10
NOK's Revenue Growth (%) is ranked lower than
59% of the 512 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.50 vs. NOK: -33.10 )
NOK' s 10-Year Revenue Growth (%) Range
Min: -33.1   Max: 48.3
Current: -33.1

-33.1
48.3
EBITDA Growth (%) -48.60
NOK's EBITDA Growth (%) is ranked lower than
57% of the 396 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.70 vs. NOK: -48.60 )
NOK' s 10-Year EBITDA Growth (%) Range
Min: -57.9   Max: 54
Current: -48.6

-57.9
54
EPS Growth (%) -53.60
NOK's EPS Growth (%) is ranked lower than
54% of the 371 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.20 vs. NOK: -53.60 )
NOK' s 10-Year EPS Growth (%) Range
Min: -53.6   Max: 52.8
Current: -53.6

-53.6
52.8
» NOK's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

NOK Guru Trades in Q3 2013

Stanley Druckenmiller 1,000,000 sh (New)
Steven Cohen 7,128,737 sh (New)
Daniel Loeb 2,000,000 sh (New)
John Rogers 189,624 sh (+92.38%)
Jeff Auxier 13,960 sh (unchged)
Dodge & Cox 169,894,721 sh (-3.25%)
Brian Rogers 13,500,000 sh (-6.9%)
Ken Fisher 12,685 sh (-9.9%)
Francis Chou 500,000 sh (-90%)
» More
Q4 2013

NOK Guru Trades in Q4 2013

Andreas Halvorsen 5,162,058 sh (New)
Jim Simons 3,789,800 sh (New)
Julian Robertson 77,200 sh (New)
Francis Chou 5,000,000 sh (+900%)
John Rogers 1,001,092 sh (+427.94%)
Daniel Loeb 4,500,000 sh (+125%)
Jeff Auxier 13,960 sh (unchged)
Brian Rogers Sold Out
Stanley Druckenmiller Sold Out
Ken Fisher 11,877 sh (-6.37%)
Dodge & Cox 153,941,671 sh (-9.39%)
Steven Cohen 4,088,596 sh (-42.65%)
» More
Q1 2014

NOK Guru Trades in Q1 2014

George Soros 3,251,910 sh (New)
David Einhorn 3,500,000 sh (New)
Richard Perry 13,167,859 sh (New)
Julian Robertson 144,400 sh (+87.05%)
John Rogers 1,360,374 sh (+35.89%)
Ken Fisher 12,277 sh (+3.37%)
Daniel Loeb 4,500,000 sh (unchged)
Caxton Associates 4,000,000 sh (unchged)
Francis Chou 5,000,000 sh (unchged)
Jeff Auxier 13,960 sh (unchged)
Andreas Halvorsen Sold Out
Dodge & Cox 145,125,971 sh (-5.73%)
Steven Cohen 631,959 sh (-84.54%)
Jim Simons 440,300 sh (-88.38%)
» More
Q2 2014

NOK Guru Trades in Q2 2014

Ken Fisher 11,877 sh (-3.26%)
» More
» Details

Insider Trades

Latest Guru Trades with NOK

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Richard Perry 2014-03-31 New Buy2.7%$6.66 - $8.18 $ 8.199%13167859
George Soros 2014-03-31 New Buy0.24%$6.66 - $8.18 $ 8.199%3251910
Julian Robertson 2014-03-31 Add 87.05%0.16%$6.66 - $8.18 $ 8.199%144400
Daniel Loeb 2013-12-31 Add 125%0.35%$6.49 - $8.1 $ 8.199%4500000
Julian Robertson 2013-12-31 New Buy0.19%$6.49 - $8.1 $ 8.199%77200
Dodge & Cox 2013-12-31 Reduce -9.39%0.12%$6.49 - $8.1 $ 8.199%153941671
Daniel Loeb 2013-09-30 New Buy0.33%$3.83 - $6.71 $ 8.1974%2000000
Dodge & Cox 2013-06-30 Add 42.17%0.23%$3.07 - $3.93 $ 8.19133%175595821
Charles Brandes 2013-06-30 Sold Out $3.07 - $3.93 $ 8.19133%0
Dodge & Cox 2013-03-31 Add 26.06%0.1%$3.26 - $4.7 $ 8.19110%123511531
Charles Brandes 2012-12-31 New Buy$2.55 - $4.21 $ 8.19160%23900
Charles Brandes 2012-06-30 Sold Out 0.02%$2.14 - $5.47 $ 8.19149%0
Ruane Cunniff 2012-03-31 Sold Out $4.94 - $5.8 $ 8.1965%0
Charles Brandes 2011-12-31 Reduce -96.35%0.51%$4.51 - $7.31 $ 8.1939%365233
David Dreman 2011-12-31 Sold Out 0.0021%$4.51 - $7.31 $ 8.1939%0
James Barrow 2011-09-30 Sold Out 0.3504%$4.88 - $6.63 $ 8.1940%0
Dodge & Cox 2011-09-30 Add 20.84%0.12%$4.88 - $6.63 $ 8.1940%83557343
David Dreman 2011-09-30 New Buy$4.88 - $6.63 $ 8.1940%14797
Joel Greenblatt 2011-06-30 Sold Out 0.41%$5.85 - $9.31 $ 8.196%0
Dodge & Cox 2011-06-30 Add 32.69%0.13%$5.85 - $9.31 $ 8.196%69148443
David Dreman 2011-06-30 Sold Out $5.85 - $9.31 $ 8.196%0
George Soros 2011-06-30 Sold Out $5.85 - $9.31 $ 8.196%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Nokia Oyj

Daniel Loeb Comments on Nokia Corp. - Oct 23, 2013

Equity Position: Nokia Corporation ("Nokia") (NOK) We purchased Nokia late in the third quarter following the announced sale of its Devices and Services ("D&S") business to Microsoft for €5.44 billion in an all-cash transaction. Expected to close in Q1 2014, the deal provides €3.8 billion for the D&S business and €1.6 billion for a 10-year non-exclusive patent licensing agreement. Once the transaction is complete, "new" Nokia will consist of the Nokia Siemens Networks ("NSN"), the HERE maps business, and a patent portfolio known as Advanced Technologies.

At our purchase price, we seized an opportunity to create new Nokia at a substantial discount to target value. The company will have approximately €8 billion of net cash when the transaction closes, and we expect a meaningful portion of the excess will be distributed to shareholders in coming quarters. Either a buyback or a special dividend is possible, which should draw additional investors to new Nokia when the cash return scenario develops following the deal closing.

The de facto spin of the D&S business leaves Nokia with a significantly different strategic and operational profile, with 40% of today's market capitalization reflected in pro forma net cash and a portfolio of three distinct businesses each generating positive free cash flow. Each of Nokia's businesses has interesting opportunities and dynamics. In the case of NSN, years of restructuring have resulted in a more profitable business, while the market structure has improved following years of consolidation ahead of a global 4G upgrade cycle. Having acquired Siemens' 50% stake in NSN this summer at a very attractive valuation, Nokia now has greater control over the operating and strategic prospects for the business. The HERE maps business has exceptional share in the built-in automotive navigation market (estimated at 80 – 90%) along with significant potential in portable navigation, an increasingly strategic area for smartphone vendors.

The Advanced Technologies intellectual property licensing business has historically operated on a net basis in commercial agreements with other smartphone vendors. Going forward, Nokia has the opportunity to realize royalty revenues on a gross basis and focus on a broader licensing program of its 10,000 patent families, which include leadership positions in 2G/3G/4G standard essential patents, as well as a broad array of non-standard essential patents. Nokia's patent portfolio has been successfully defended in court and via settlement agreements over the years, enhancing its licensing prospects and strategic value.

For years, the investment case for Nokia has centered on the prospects for the handset business with little emphasis on NSN, the maps business or the intellectual property licensing opportunity. We think the repositioning of the "new" Nokia story will take time for the broader investment community to absorb, which allows us to initiate the position at such a significant discount. Meanwhile, the prospect of a substantial one-time capital return and possible reinstatement of a regular dividend further enhance our upside potential. Nokia's commitment to return excess capital and the attractive price paid for Siemens' 50% stake in NSN suggest Nokia's leadership will remain prudent in capital allocation decisions going forward.

Event-driven situations like the Nokia/Microsoft transaction are the bread and butter of our strategy. We have recently seen an increase in the number of these opportunities and welcome the chance to populate the portfolio with them.

From Daniel Loeb's Third Point third quarter 2013 letter to shareholders.


Check out Daniel Loeb latest stock trades

Top Ranked Articles about Nokia Oyj

Daniel Loeb Comments on Nokia Corp.
Equity Position: Nokia Corporation ("Nokia") (NOK) We purchased Nokia late in the third quarter following the announced sale of its Devices and Services ("D&S") business to Microsoft for €5.44 billion in an all-cash transaction. Expected to close in Q1 2014, the deal provides €3.8 billion for the D&S business and €1.6 billion for a 10-year non-exclusive patent licensing agreement. Once the transaction is complete, "new" Nokia will consist of the Nokia Siemens Networks ("NSN"), the HERE maps business, and a patent portfolio known as Advanced Technologies. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 11.90
NOK's P/E(ttm) is ranked higher than
91% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 48.20 vs. NOK: 11.90 )
NOK' s 10-Year P/E(ttm) Range
Min: 7.13   Max: 64.73
Current: 11.9

7.13
64.73
P/B 3.20
NOK's P/B is ranked higher than
55% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.23 vs. NOK: 3.20 )
NOK' s 10-Year P/B Range
Min: 0.59   Max: 8.25
Current: 3.2

0.59
8.25
P/S 2.00
NOK's P/S is ranked higher than
50% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.45 vs. NOK: 2.00 )
NOK' s 10-Year P/S Range
Min: 0.21   Max: 4.21
Current: 2

0.21
4.21
PFCF 76.90
NOK's PFCF is ranked higher than
73% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 393.33 vs. NOK: 76.90 )
NOK' s 10-Year PFCF Range
Min: 3.31   Max: 298.75
Current: 76.9

3.31
298.75
EV-to-EBIT 12.49
NOK's EV-to-EBIT is ranked higher than
85% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 45.70 vs. NOK: 12.49 )
NOK' s 10-Year EV-to-EBIT Range
Min: 4.6   Max: 71
Current: 12.49

4.6
71
Shiller P/E 49.20
NOK's Shiller P/E is ranked higher than
83% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. NOK: 49.20 )
NOK' s 10-Year Shiller P/E Range
Min: 2.26   Max: 74.06
Current: 49.2

2.26
74.06
Current Ratio 1.77
NOK's Current Ratio is ranked higher than
58% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.04 vs. NOK: 1.77 )
NOK' s 10-Year Current Ratio Range
Min: 1.14   Max: 2.45
Current: 1.77

1.14
2.45
Quick Ratio 1.63
NOK's Quick Ratio is ranked higher than
66% of the 622 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.63 vs. NOK: 1.63 )
NOK' s 10-Year Quick Ratio Range
Min: 0.86   Max: 2.28
Current: 1.63

0.86
2.28

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.90
NOK's Dividend Yield is ranked higher than
56% of the 338 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.70 vs. NOK: 1.90 )
NOK' s 10-Year Dividend Yield Range
Min: 1.26   Max: 11.32
Current: 1.9

1.26
11.32
Dividend Payout 0.14
NOK's Dividend Payout is ranked higher than
97% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. NOK: 0.14 )
NOK' s 10-Year Dividend Payout Range
Min: 0.13   Max: 5.37
Current: 0.14

0.13
5.37
Dividend growth (3y) -100.00
NOK's Dividend growth (3y) is ranked higher than
60% of the 161 Companies
in the Global Communication Equipment industry.

( Industry Median: -1.90 vs. NOK: -100.00 )
NOK' s 10-Year Dividend growth (3y) Range
Min: 0   Max: -15.3
Current: -100

Yield on cost (5-Year) 1.90
NOK's Yield on cost (5-Year) is ranked higher than
53% of the 337 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.90 vs. NOK: 1.90 )
NOK' s 10-Year Yield on cost (5-Year) Range
Min: 1.26   Max: 11.32
Current: 1.9

1.26
11.32

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 6.23
NOK's Price/Tangible Book is ranked higher than
51% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.20 vs. NOK: 6.23 )
NOK' s 10-Year Price/Tangible Book Range
Min: 1.98   Max: 41.23
Current: 6.23

1.98
41.23
Price/DCF (Projected) 1.31
NOK's Price/DCF (Projected) is ranked higher than
87% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. NOK: 1.31 )
NOK' s 10-Year Price/DCF (Projected) Range
Min: 0.16   Max: 9.88
Current: 1.31

0.16
9.88
Price/Median PS Value 2.18
NOK's Price/Median PS Value is ranked lower than
54% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.15 vs. NOK: 2.18 )
NOK' s 10-Year Price/Median PS Value Range
Min: 0.15   Max: 7.35
Current: 2.18

0.15
7.35
Price/Graham Number 1.38
NOK's Price/Graham Number is ranked higher than
83% of the 685 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.50 vs. NOK: 1.38 )
NOK' s 10-Year Price/Graham Number Range
Min: 1.27   Max: 12.76
Current: 1.38

1.27
12.76
Earnings Yield (Greenblatt) 8.00
NOK's Earnings Yield (Greenblatt) is ranked higher than
77% of the 544 Companies
in the Global Communication Equipment industry.

( Industry Median: 5.70 vs. NOK: 8.00 )
NOK' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.4   Max: 21.7
Current: 8

1.4
21.7
Forward Rate of Return (Yacktman) 5.79
NOK's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 460 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.61 vs. NOK: 5.79 )
NOK' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.6   Max: 32.4
Current: 5.79

-2.6
32.4

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, JNPR » details
Traded in other countries:0HAF.country, NOKA.Netherlands, NOK1V.Italy, NOK1V.Finland, NOKI.Sweden, NOKBF.USA, NOAA.Germany, NOA3.Germany, NOK1VM0114.Finland
Nokia Oyj is a manufacturer of mobile devices, which makes devices for all consumer segments and offers Internet services that enable people to experience music, maps, media, messaging and games.
» More Articles for NYSE:NOK

Headlines

Articles On GuruFocus.com
Why Beaten Down Nokia is a Great Buy Jul 24 2014 
Do Not Miss Out On The Gains From This Radio Frequency Chip Maker! Jun 22 2014 
Nokia Looks Attractive After This Acquisition May 31 2014 
Will 3D Images Be Google’s Next Great Innovation? May 24 2014 
Why Beats Deal Is Not A Bad Deal For Apple May 10 2014 
Nokia’s 5-Year Outlook: Without Handsets, Focus Is on Research, Development and Patents Apr 30 2014 
Story of Microsoft Mobile Begins With End of Nokia Apr 27 2014 
This Is How Nokia Will Help Microsoft Apr 26 2014 
Harris Received a Couple of Contracts to Boost Profitability Apr 21 2014 
What Google Should Do to Make $100 Nexus Phone a Hit Apr 20 2014 

More From Our Partners
Markets Steady Despite Mixed Economic Data Jul 24 2014 - BENZINGA

More From Other Websites
Handset-Component Market Becomes Brutal Battle: A Wall Street Transcript Interview with Christopher... Jul 29 2014
Kværner ASA: The Board of Directors approves the distribution of dividend of NOK 0.64 per share Jul 29 2014
BAIP group consolidated revenue increased by 41 percent in the second quarter of 2014 Jul 29 2014
Feedback Loop: Yosemite beta, Kindle Unlimited and more! Jul 27 2014
Microsoft's Strategy For Nokia Becomes Clearer Jul 25 2014
Can Nokia Answer Higher Profits Calls After Hanging Up Phones? Jul 25 2014
Microsoft Is Spinning Nokia's MixRadio Streaming Service Off Into A Separate Company Jul 25 2014
Nokia reports renaissance, shares jump Jul 24 2014
Nokia: tower of strength Jul 24 2014
Nokia sees brighter future without handset unit Jul 24 2014
Nokia sees brighter future without handset unit Jul 24 2014
Nokia swings back into profit after selling phone division Jul 24 2014
Etisalat exclusively launches Nokia Lumia 635 4G LTE smartphone for UAE customers Jul 24 2014
[$$] Nokia Looks Fully Equipped Jul 24 2014
Nokia appoints Ramzi Haidamus to head Nokia Technologies and as member of the Nokia Group Leadership... Jul 24 2014
[$$] Nokia Boosted by Sale of Handset Unit Jul 24 2014
Stock Futures Steer Higher; Facebook, Skechers Nail Q2 Wins Jul 24 2014
Nokia: Now Comfortably Waiting For The Advanced Technologies Catalyst Jul 24 2014

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide