Nokian Tyres (CHIX:TYRESH) Intrinsic Value: DCF (FCF Based): €22.47 (As of Aug. 16, 2026) — 1854% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:TYRESH Nokian Tyres PLC CHIX:TYRESH
65 GF Score
Price €11.60
GF Value €7.22
! 12 Warning Signs
View Full Analysis

What is Nokian Tyres Intrinsic Value: DCF (FCF Based)?

Nokian Tyres CHIX:TYRESH 65 Intrinsic Value: DCF (FCF Based) is €22.47 as of Aug. 16, 2026, which is 100% below its 10-year median of 1.15. GuruFocus rates CHIX:TYRESH with a GF Score™ of 65/100 and a GF Value™ of €7.22. The stock has 12 warning signs investors should review. Among 144 Vehicles & Parts companies, Nokian Tyres ranks worse than 694443.75% on this metric.

As of today (2026-08-16), Nokian Tyres's intrinsic value calculated from the Discounted Cash Flow model is €22.47.

Note: Discounted Cash Flow model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's predictability rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

Nokian Tyres's Predictability Rank is 1-Star. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety (FCF Based) using Discounted Cash Flow model for Nokian Tyres is 48.40%.

The industry rank for Nokian Tyres's Intrinsic Value: DCF (FCF Based) or its related term are showing as below:

CHIX:TYRESh's Price-to-DCF (FCF Based) is not ranked *
in the Vehicles & Parts industry.
Industry Median: 1.06
* Ranked among companies with meaningful Price-to-DCF (FCF Based) only.

Nokian Tyres  (CHIX:TYRESh) Intrinsic Value: DCF (FCF Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Cash Flow model evaluates the companies based on their future earnings power instead of their assets.


Be Aware

What you need to know about the DCF model:

1. The DCF model evaluates a company based on its future earnings power
2. Growth is taken into account; therefore a faster growth company is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies that have relatively consistent performance.
4. The DCF model works poorly for inconsistent performers such as cyclicals.
5. What discount rate should you use? Your expected return from the investment is a good discount rate assumption.
6. A larger margin of safety should be required for companies with less predictable businesses.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Nokian Tyres Intrinsic Value: DCF (FCF Based) Related Terms


Nokian Tyres Intrinsic Value: DCF (FCF Based) Historical Data

* Premium members only.

The historical data trend for Nokian Tyres's Intrinsic Value: DCF (FCF Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nokian Tyres Intrinsic Value: DCF (FCF Based) Chart

Nokian Tyres Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (FCF Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Nokian Tyres Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: DCF (FCF Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

CHIX:TYRESH vs ORLY, AZO, GPC: Intrinsic Value: DCF (FCF Based) Comparison

For the Auto Parts subindustry, Nokian Tyres's Price-to-DCF (FCF Based), along with its competitors' market caps and Price-to-DCF (FCF Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nokian Tyres Price-to-DCF (FCF Based) vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Price-to-DCF (FCF Based) distribution charts can be found below:

* The bar in red indicates where Nokian Tyres's Price-to-DCF (FCF Based) falls into.


CHIX:TYRESH
65GF Score
Nokian Tyres PLC CHIX:TYRESH
Intrinsic Value: DCF (FCF Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nokian Tyres Intrinsic Value: DCF (FCF Based) Calculation

This is the intrinsic value calculated from the Discounted Cash Flow model with default parameters. In a discounted cash flow model, the future cash flow is estimated based on a cash flow growth rate and a discount rate. The cash flow of the future is discounted to its current value at the discount rate. All of the discounted future cash flow is added together to get the current intrinsic value of the company.

Usually a two-stage model is used when calculating a stock's intrinsic value using a discounted cash flow model. The first stage is called the growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DCF calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 10%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 3.31%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Growth Rate in the growth stage: g1 = 20%
The Growth Rate in the growth stage is initially set as the default 10-Year FCF Growth Rate (Per Share). In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year FCF Growth Rate (Per Share). If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year FCF Growth Rate (Per Share).
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Nokian Tyres's average Free Cash Flow Growth Rate in the past 3 years was 53.20%, which is no less than 20%. GuruFocus defaults => Growth Rate: 20%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Years of Terminal Growth: y2 = 10

6. Free Cash Flow per Share: fcf = €0.653.
However, GuruFocus DCF calculator is actually a Discounted Earnings calculator, the EPS without NRI is used as the default. The reason we are doing this is we found that historically stock prices are more correlated with earnings than free cash flow.

All of the default settings can be changed and the results are calculated automatically.

Nokian Tyres's Intrinsic Value: DCF (FCF Based) for today is calculated as

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.2)/(1+0.1) = 1.0909090909091
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.1) = 0.94545454545455

Intrinsic Value: DCF (FCF Based)=Free Cash Flow per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Free Cash Flow per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=0.653*34.4098
=22.47

Margin of Safety (FCF Based)=(Intrinsic Value: DCF (FCF Based)-Current Price)/Intrinsic Value: DCF (FCF Based)
=(22.47-11.595)/22.47
=48.40 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (FCF Based) of €22.47 mean?
Nokian Tyres (CHIX:TYRESH) has a Intrinsic Value: DCF (FCF Based) of €22.47 as of Aug. 16, 2026. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on Nokian Tyres and its competitors. This is 1854% above median its historical median of 1.15. Over the past decade, Nokian Tyres' Intrinsic Value: DCF (FCF Based) has ranged from 0.74 to 2.32. According to the industry distribution chart, Nokian Tyres ranks #999999 out of 144 companies in the Vehicles & Parts industry.
Is Nokian Tyres' Intrinsic Value: DCF (FCF Based) too high?
Nokian Tyres' current Intrinsic Value: DCF (FCF Based) of €22.47 is 1854% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.32. Based on the distribution chart, Nokian Tyres ranks #999999 out of 144 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nokian Tyres has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Nokian Tyres' Intrinsic Value: DCF (FCF Based) compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nokian Tyres ranks #999999 out of 144 companies for Intrinsic Value: DCF (FCF Based). This places Nokian Tyres in the lower half of its industry. The industry median Intrinsic Value: DCF (FCF Based) is 1.06. Historically, Nokian Tyres' own Intrinsic Value: DCF (FCF Based) has ranged from 0.74 to 2.32 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (FCF Based) for a Vehicles & Parts company?
The median Intrinsic Value: DCF (FCF Based) among Vehicles & Parts companies is 1.06, based on 144 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (FCF Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (FCF Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (FCF Based) mean?
A high Intrinsic Value: DCF (FCF Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (FCF Based) is the stock value based on a two-stage discounted free cash flow model. View historical data on Nokian Tyres and its competitors. For the Vehicles & Parts industry, the median Intrinsic Value: DCF (FCF Based) is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokian Tyres's current Intrinsic Value: DCF (FCF Based) is €22.47, which is 1854% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokian Tyres stock overvalued right now?
Nokian Tyres (CHIX:TYRESH) has a current Intrinsic Value: DCF (FCF Based) of €22.47. The stock's GF Value™ is €7.22, compared to a current price of €11.60 — trading 60.6% above its estimated fair value. The current Intrinsic Value: DCF (FCF Based) is €22.47, which is 1854% above median its 10-year median of 1.15. Nokian Tyres' overall GF Score™ is 65/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (FCF Based) calculated?
Intrinsic Value: DCF (FCF Based) is calculated from a company's financial statements. For Nokian Tyres (CHIX:TYRESH), the current Intrinsic Value: DCF (FCF Based) is €22.47 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nokian Tyres (CHIX:TYRESH) Overvalued in 2026?

Based on GuruFocus' analysis, Nokian Tyres stock appears to be overvalued. The current stock price of €11.60 is trading 60.6% above its estimated GF Value™ of €7.22.

Key valuation signals for CHIX:TYRESH:

  • Intrinsic Value: DCF (FCF Based): €22.47 (1854% above median its 10-year median of 1.15)
  • GF Value™: €7.22 vs. price of €11.60 (60.6% above fair value)
  • GF Score™: 65/100 with 12 warning signs

No single metric tells the full story. See the CHIX:TYRESH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nokian Tyres Business Description

Address Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101
Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres and Vianor. The Passenger car tyres segment generates the majority of revenue.
65GF Score

Get the complete analysis for CHIX:TYRESH

Intrinsic Value: DCF (FCF Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.60
Price
€7.22
GF Value