Primary Info
Stock Ticker: NOK
Stock Name: Nokia Corporation
10yr or Inception Share Price: $5.15
Current Share Price: $6.05
PE Ratio: N/A
Net Margin: -7.82%
Net Equity: $12,545,000,000
Equity / Market Cap: 36.98%
Dividend Yield: $0.00
Payout Ratio: 0
Dividend Cost to company: $0
Free Cash Flow: $2,478,000,000
Free Cash Flow after Dividend: $2,478,000,000
Year On Year: TTM / 1yr / 2yr / 3yr
Shares Outstanding: 5,653,886,000 / 5,653,886,000 / 5,640,536,000 / 5,635,945,000
Total Assets: $36,191,000,000 / $36,191,000,000 / $39,128,000,000 / $39,517,000,000
Total Liabilities: $23,646,000,000 / $23,646,000,000 / $23,727,000,000 / $24,146,000,000
Total Equity: $12,545,000,000 / $12,545,000,000 / $15,401,000,000 / $15,371,000,000
Total Revenue: $21,341,000,000 / $21,852,000,000 / $23,315,000,000 / $22,563,000,000
Gross Profit: $8,853,000,000 / $8,193,000,000 / $8,326,000,000 / $8,446,000,000
Operating Income: $2,001,000,000 / $1,026,000,000 / $960,000,000 / $334,000,000
Net Income: -1,739,000,000 / -2,516,000,000 / 7,000,000 / -$340,000,000
Operating Cash Flow: $3,018,000,000 / $1,759,000,000 / $390,000,000 / $360,000,000
Free Cash Flow: $2,478,000,000 / $1,280,000,000 / -$300,000,000 / -$312,000,000
EPS: -$0.31 / -$045 / $0.00 / -$0.06
Valuation (DCF-EPS) Discount Rate: 10%
Growth Projection Bear Case: 2.00%
Growth Projection Bull Case: 4.00%
Fair Target PE: 25.00
Price Bear Case: $6
Price Median Case: $6.89
Price Bull Case: $7.39
Average Case: $7
Projected Growth Rate: 5.00%
12 Month Fair Price Forcast: $7
Market Cap to free cash flow Multiple
Current Market Cap: $33,919,989,760
Price to Free Cash Flow: 13.69x
Current Share Price: $6.02
LOW
Fair Value Market Cap [Low]: $37,170,000,000
Fair Value Price [Low]: $7
Multiple [Low]: 15x
MEDIUM
Fair Value Market Cap [Medium]: $49,560,000,000
Fair Value Price [Medium]: $9
Multiple [Medium]: 20x
HIGH
Fair Value Market Cap [High]: $61,950,000,000
Fair Value Price [High]: $11
Multiple [High]: 25x
Average Fair Value Price: $9
Projected Growth Rate: 10%
12 month Fair Price Forcast: $10
CHECKLIST: 8/20
FUNDAMENTALS 4/7
Is the PE Ratio between 1 and 25? N
Is the Net Margin greater than 10%? N
Are the Assets greater than the Liabilities? Y
Is the Dividend cost less than the free cash flow? Y
Is the Debt to Equity less than 40%? Y
Is the current ratio greater than 1? Y
The Sahreholders have not been diluted in the last 3yrs? N
MOMENTUM 3/6
Has the Total Revenue been going up yoy the last 3yrs? N
Has the Gross Profit been going up yoy the last 3yrs? N
Has the Operating Income been going up yoy the last 3yrs? Y
Has the Gross Profit been going up yoy the last 3yrs? N
Has the Operating Cash Flow been going up yoy the last 3yrs? Y
Has the Free Cash Flow been going up yoy the last 3yrs? Y
GROWTH 1/7
Has the Share Price doubled since inception or on the 10yr? N
Has the Share Price established a 52-wk high greater than 10%? Y
Has the Share price established a 52-wk low no greater than 10%? N
Is the Return on Equity greater than 10%? N
Is the Return on Asset greater than 10%? N
Is the Return on Capital greater than 10%? N
Does the Earnings per Share have a CAGR greater than 10%? N
Here’s a workup a Nokia where everything seems to point to a $9 price sometime in 2023, which would be a 50% gain on shares. All the 5g & broadband expansion plus their ip portfolio and things look good. Current price Brokeout and held above it’s channel as well.
Their outstanding share total is the biggest problem, institutional ownership is the 2nd, but they are rebounding and creating an amazing story. All the bankruptcy fears are well in the past, they keep earning new patents like this one for domain name systems. Their switch to hardware systems when Huawei and others are being banned is well timed. Hard for me to see other downsides. Would love to hear some though!
https://www.convergedigest.com/2021/12/frontier-tests-nokias-25g-pon.html?m=1
