NOKIA.HE - Nokia Corporation

Helsinki - Helsinki Real Time Price. Currency in EUR
2.9505
+0.0490 (+1.69%)
At close: 6:29PM EEST
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close2.9015
Open3.0020
Bid2.9460 x 0
Ask2.9490 x 0
Day's Range2.8900 - 3.0355
52 Week Range2.0825 - 5.2590
Volume27,743,666
Avg. Volume30,567,784
Market Cap16.579B
Beta (5Y Monthly)0.22
PE Ratio (TTM)2,950.50
EPS (TTM)0.0010
Earnings DateApr 30, 2020
Forward Dividend & Yield0.10 (3.45%)
Ex-Dividend DateFeb 03, 2020
1y Target Est5.69
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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      Amidst growing global tumult, volatility has had the stock market swinging from extreme bearishness to brief moments of bullishness. And although the general direction is down, sticking to the game plan will pay off in the long run. Investors ought to stake claims in ongoing trends now to maximize returns over the next few years.If anything, a market correction, or even a crash, can create better prices for investors willing to buy and hold. In the technology sector, the increasingly connected world of smart devices (speakers, thermostats and doorbells, to name just a few) will result in strong sales growth for these devices and the systems that power them. While consumers are familiar with these devices as ways to make life more convenient, turning on lights or opening garages with their smartphones, the business applications should appeal to investors.Of course, this connected world needs communication infrastructure to support 5G networks and the Internet of Things (IoT). So, should the global economy slow considerably in the short-term, the demand for connectivity will not change much. For example, the sudden need to stay at home to work will increase the demand for connectivity solutions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut these developments in the telecom sector are only one aspect of the increasingly connected world.Robert Siegel, lecturer in management at Stanford Graduate School of Business, thinks every industry will be affected by the proliferation of smart devices that can communicate with each other via the internet:"Some obvious ones include manufacturing, mobility, and healthcare. The ability to make things with speed and scale will drive large scale but simultaneously customized manufacturing of items ranging from clothing to retail to food (yes, food!). Cars will become moving collections of sensors which will impact traffic, entertainment (in and out of the vehicle) and hospitality." * 7 Small-Cap Stocks That Might Not Survive When it comes to the world of smart devices investors should invest not only in the "usual suspects" (telecom and tech stocks), but in companies that offer solutions in the automotive or retail space as well. Here are seven stocks investors should consider. Tech Stocks to Buy: Cisco Systems (CSCO)Source: Valeriya Zankovych / Shutterstock.com Cisco Systems (NASDAQ:CSCO) directly benefits from the surge of people working from home in order to minimize the spread of the coronavirus. Cisco CEO Chuck Robbins said that user activity for its video conference platform, WebEx, surged to 5.5 billion meeting minutes in just the first 11 days of March.In the cloud space, Cisco has partnered with Amazon.com (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) to support AWS and Azure, respectively. Its software-defined network (SDN) WAN connectivity gives those platforms very tight security, as well as a way to analyze the entire network of devices. On a conference call, Cisco said that its SDN provides data on "hundreds or thousands [of] different types of network devices." That ensures the customer gets the most data out of its infrastructure.Cisco has expertise in building large-scale networks that are highly available (e.g. reliable) and secure. Customers get better tools to manage the network and to ensure its security. In effect, Cisco enables users to connect quickly to an Azure or AWS platform.Critically, Cisco has a security stack in place to handle a higher volume of users. So the end-user on, say, Office 365, should still have a good experience despite increased traffic.That's great news for Cisco. In a 5-year discounted cash flow growth exit model, assume revenue growing a modest 1.2% compounded annually. With the following metrics below, Cisco stock is worth over $50:Metrics Range Conclusion Discount Rate 9.5% - 8.5% 9.00% Perpetuity Growth Rate 2.0% - 3.0% 2.50% Fair Value $45.64 - $59.05 $51.32 Data courtesy of finbox.io AT&T (T)Source: Jonathan Weiss / Shutterstock.com AT&T (NYSE:T) is one of the best plays in the telecom sector right now, even if the company recently cancelled an accelerated share buyback to preserve cash on hand.The company said that it decided to pause its $4 billion stock buyback "to maintain flexibility and focus on continued investment in serving our customers, taking care of our employees and enhancing our network, including nationwide 5G. These continued investments will help ensure the Company is well-positioned when the pandemic passes and economies begin to recover."Earlier in March 2020, the company announced that 5G is now live in 22 more markets across the U.S. Since some of the latest smartphones, like Samsung's Galaxy S20, support 5G, customers will begin to utilize the faster low-band spectrum. 5G offers faster speeds over broader distances than the older 4G+ network. And since the demand for better network performance keeps growing, AT&T is in a good position to build its subscriber base at the expense of its competitors.AT&T's Business Solutions division sells wireless products, IoT, and connected devices through FirstNet. It is deploying high-speed nationwide wireless broadband to serve public safety. The reliability and speed of its network will serve to improve AT&T's reputation. Consumer and business customers will switch to AT&T's network if they want a better network and more services. AT&T said its Business Wireline group contributes a lot to its EBITDA. * 7 Small-Cap Stocks That Might Not Survive Analysts currently have an average price target of $42.10 on AT&T stock (per Tipranks). Nokia (NOK)Source: RistoH / Shutterstock.com Nokia (NYSE:NOK) is a leading supplier of 5G networking solutions. In early March, the company announced a collaboration with Intel (NASDAQ:INTC). Nokia will ship variants of its 5G AirScale radio access solutions. This will embed Intel's Atom P5900 processor. So, the 5G radio will "combine compute, connectivity, and acceleration technologies." Because 5G supports billions of devices, the increase in volume and scale will need better technologies to back that demand.Nokia entered a partnership with Marvell (NASDAQ:MRVL) to develop 5G multi-Radio Access Technology (multi-RAT). This will combine Nokia's wireless technology with Marvell's multi-core ARM processor platforms. Nokia's ReefShark will benefit from lower power usage and smaller chip size.Nokia is progressing well in the 5G space. In Feb. 2020, the company completed a 5G core standalone network trial with KDDI, a leading telecoms company in Japan. So Nokia, through its 5G AirGile cloud-native core product, has the know-how to analyze 5G networks in a stand-alone service format.Assuming the following metrics in an earnings power value model, Nokia stock is worth $5.10:Metrics Range Conclusion Adjusted Earnings 952 M - 4.03 B 1.988 B Discount Rate 9.0% - 7.0% 8.00% Fair Value $2.39 - $11.31 $5.10 Data courtesy of finbox.io Ericsson (ERIC)Source: Shutterstock Just as Nokia reported a successful trial with KDDI, Ericsson (NASDAQ:ERIC) achieved cloud-native CI/CD (Continuous Integration/Continuous Delivery) pipeline delivery for KDDI's standalone 5G Core network.This will support the automatic deployment of new software and functions without disrupting the 5G core network. Ericsson has effectively automated the deployment process by taking out the need for staff involvement.The company further announced the production of its first 5G base station. The factory is located in Lewisville, Texas. And once it is operational later this year, the factory will supply all radio access components for a solution that 5G networks will use.In its fourth quarter, Ericsson management said it had nearly 80 commercial 5G agreements in place, with 24 5G networks already live. Customers are migrating to 5G and will need both operational support systems and cloud infrastructure as a by-product. So overall, gross margins held a steady 38.1%. The company's portfolio will benefit from the good momentum regardless of the current market conditions.Looking ahead, the shift from 4G to 5G is driving capital expenditure growth in the industry. Alongside that upgrade is data growth from users. Plus, the sudden shift in users needing to work remotely due to the COVID-19 lockdown also accelerated the upgrade timetable. * 7 Small-Cap Stocks That Might Not Survive ERIC stock has a fair value of $7.94, according to a quantitative research report by Stock Rover. NXP Semiconductor (NXPI)Source: Lukassek / Shutterstock.com NXP Semiconductor (NASDAQ:NXPI) beat consensus estimates yet again in the fourth quarter. The company benefited from strong demand in mobile, automotive, and industrial IoT markets. Revenue topped $2.3 billion, $30 million above company guidance.In the industrial IoT sector, NXP posted revenue falling 12% year-on-year due to the U.S./China trade worries. But looking ahead, revenue from industrial IoT will rise by 20%. Mobile will increase in the low double-digit percentage range.To bolster its Wi-Fi product, NXP acquired Marvell's (NASDAQ:MRVL) connectivity business. This will strengthen its automotive infotainment connectivity solution. 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Let's dive in, and see why Nokia stock could be a buy at today's prices.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Darkest Before The Dawn For NOK StockIn a "winner-take-all" world, it's tough to support the underdogs. Nokia is not the strongest name in its industry. But while this "fallen angel" likely won't reach past levels of success, investors could still see upside if the company exceeds low expectations.As InvestorPlace's Faisal Humayun discussed March 4, Nokia faces many challenges in 2020. Competition for 5G contracts hurts margins. So does increased 5G-related investments. Supply-chain headwinds from the coronavirus add even more pressure. Yet, the expectations of reduced operating margins are already priced into shares.It's always darkest before the dawn. Nokia's 5G investments could pay off. Even if they don't dominate the space, they could still build a decent book of business. And with a new CEO taking the helm, the company's prospects could be brighter. Current CEO Rajeev Suri's announced exit may be cause for concern. But given the company's poor performance, they have little to lose.Incoming CEO Pekka Lundmark has yet to discuss strategic changes. But a changing of the guard could move the needle. As a recent MarketWatch article discussed, the ingredients for success could already be in place. Nokia is behind in 5G contracts, but not by much. The company has 68 deals worldwide, compared to 81 for Ericsson and 91 for Huawei.The pressure is on Lundmark to execute the company's 5G strategy. But, with shares trading at "worst-case scenario" levels, even a half-successful effort could mean upside for Nokia stock. Despite Troubles, Undervalued Relative To PeersWhile prospects remain uncertain, you can't deny NOK stock is cheap. Shares trade for a forward price-to-earnings (P/E) ratio of 12.2. That's on par with Cisco's (NASDAQ:CSCO) forward multiple of 12.3. But compare that to Ericsson, which trades for 14.5 times forward earnings.On an enterprise value/EBITDA (EV/EBITDA) basis, Nokia looks even cheaper. With an EV/EBITDA ratio of 6.2, the company's valuation is well below Cisco's EV/EBITDA ratio of 9.9. And far below Ericsson's EBITDA multiple of 14.Granted, Ericsson's stronger business justifies a higher multiple. But, if Nokia beats expectations with its 5G strategy, expect multiples to move higher. Maybe not back to above $5 per share. But a move back to the $4 t0 $4.50 per share price level is within reach. In other words, 20%-35% upside from the stock's closing price of $3.32 on March 10.The company's low valuation could also make it a takeover target. But don't use this is your rationale for buying NOK stock. A merger with Ericsson seems like a logical move. But it likely wouldn't get past antitrust concerns. The low-margin nature of Nokia's business also means names like Cisco or Apple (NASDAQ:AAPL) aren't waiting in the wings, either.A sale of the company outright is a long-shot. Yet, asset sales remain an option. Besides freeing up capital, non-core asset sales would help further make Nokia a leaner operation. No Slam-Dunk, But Nokia Shares Could Be Worth The RiskBuying NOK stock today is no blue-chip investment. With Huawei and Ericsson outpacing the company in 5G deals, this floundering also-ran is a high-risk opportunity. But, this high-risk comes with high upside potential if things turn out better than expected.Last year's reduced guidance set the tone for disappointment. Yet, if Nokia can beat expectations, shares likely will move higher. While behind rivals, the company has a shot in building a decent book of 5G business.Don't expect shares to shoot up immediately. NOK stock could flounder in the current price range for some time. 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