Added to YB: 2026-03-19
Pitch date: 2026-03-18
NOK [bullish]
Nokia Oyj
Author Info
No bio for this author
Company Info
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa.
Market Cap
EUR 42.0B
Pitch Price
N/A
Price Target
N/A
Dividend
1.87%
EV/EBITDA
14.97
P/E
68.07
EV/Sales
2.01
Sector
Communications Equipment
Category
turnaround
Deep Dive: Nokia (NOK)
NOK: Former mobile giant pivoted to network infra for AI era. Trading 20x fwd P/E vs 27x industry, ~2x sales despite emerging from multi-yr overhaul. EU Huawei ban opens €2-2.5B annual share gain opportunity. New CEO targeting AI/cloud/6G. Network Infra +19% YoY Q4, optical +17%. Margins compressed to 10.2% (from 13.4%) on licensing mix, but cost cuts (5-10k headcount) + scale potential. €1.5B FCF, €3.4B net cash, 2% yield. Risks: telco capex slump, Ericsson competition, execution on restructure, margin pressure. NVDA invested. Stock +62% past yr to $8.65, near multi-yr high but not stretched on fundamentals.
Read full article (34 min)