Skip to Content

Nokia Oyj ADR NOK

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Nokia's Strategic Update Previews March 2021 Capital Markets Day; Maintaining EUR 3.80 FVE

Mark Cash Equity Analyst

Analyst Note

| Mark Cash |

No-moat Nokia’s December 2020 strategic update was a precursor to its capital markets day planned for March 18, 2021. Management laid out six strategic beliefs: Networks are becoming more critical for communication service providers but increasingly for enterprises too; customers will look to best-of-breed elements; technology leadership drives returns and growth; Nokia will jettison efforts if not leading; silicon, software, and service will take over monolithic system demand; and commitment to innovation provides long-term opportunity. The primary capital-allocation priority is research and development to capture the 5G opportunity; the next imperative is shareholder returns. The previously guided outlook for group-level results in 2020 and 2021 hasn't changed, and we are maintaining our EUR 3.80 fair value estimate.

Read Full Analysis

Company Profile

Business Description

Nokia is a leading vendor in the telecommunications equipment industry. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services. Nokia's technology segment licenses its patent portfolio to handset manufacturers and makes royalties from Nokia-branded cellphones. The company, headquartered in Espoo, Finland, operates on a global scale, with most of its revenue from communication service providers.

Contact
Karakaari 7
Espoo, FI-02610, Finland
T +358 104488000
Sector Technology
Industry Communication Equipment
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 98,322

Related