I’ve been keeping an eye on Nokian Renkaat Oyj (HEL:NRE1V) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe NRE1V has a lot to offer. Basically, it is a dependable dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Nokian Renkaat Oyj here.
Flawless balance sheet average dividend payer
NRE1V’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that NRE1V manages its cash and cost levels well, which is an important determinant of the company’s health. NRE1V’s has produced operating cash levels of 3.2x total debt over the past year, which implies that NRE1V’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
For those seeking income streams from their portfolio, NRE1V is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 5.0%.
For Nokian Renkaat Oyj, I’ve put together three fundamental aspects you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for NRE1V’s future growth? Take a look at our free research report of analyst consensus for NRE1V’s outlook.
- Historical Performance: What has NRE1V’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of NRE1V? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at firstname.lastname@example.org.