Nokia Oyj (NOK): one to watch?

Interesting AI-networking turnaround story, but weak core profitability and restructuring noise make it too murky to call a clear bargain.

👀 WATCH Fundamentals55/100

Down 75% from its all-time high of $39.71 — now $10.03

Why NOK dropped

The recent drop from ~$13-17 down to ~$10 was driven by a broad tech/telecom equipment selloff after rival Ericsson warned about rising memory-chip costs, plus Nokia's own heavy restructuring charges (about €800m in 2026) that pushed reported operating profit into a loss, even though underlying (comparable) profit and AI & Cloud orders are growing strongly.

Fwd P/E 20.2Op margin 7.9%Rev growth 8.4%Debt/equity 15.8%Analyst upside 49.2%

How this scored 55/100

✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.

✅ Makes money Net profit margin 3.5%

✅ Generates cash Free cash flow $1.2B

✅ Not drowning in debt Debt/equity 15.8% (limit 200%)

✅ Can pay its bills Current ratio 1.5 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 4/25

Operating margin 7.9% 3/9

Net profit margin 3.5% 1/8

Return on equity 3.5% 0/8

Growth Is it getting bigger, or dying? 12/25

Revenue growth 8.4% 4/9

Earnings growth -97.9% 0/8

Expected profit change 254.9% 8/8

Value Is it cheap right now? 19/25

Forward P/E 20.2 6/10

PEG ratio 0.8 7/8

Analyst target upside 49.2% 6/7

Balance sheet Will it survive? 20/25

Debt / equity 15.8% 10/10

Current ratio 1.5 3/8

Free cash flow $1.2B 7/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-09-07. Research only — not financial advice.