Nokian Financial Statements From 2010 to 2024
| NKRKF Stock | USD 8.00 0.00 0.00% |
Check Nokian Renkaat financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nokian Renkaat's main balance sheet or income statement drivers, such as , as well as many indicators such as . Nokian financial statements analysis is a perfect complement when working with Nokian Renkaat Valuation or Volatility modules.
Nokian |
Nokian Renkaat Oyj Company Return On Equity Analysis
Nokian Renkaat's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Nokian Renkaat Return On Equity | -0.11 |
Most of Nokian Renkaat's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nokian Renkaat Oyj is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Nokian Renkaat Oyj has a Return On Equity of -0.1147. This is 103.19% lower than that of the Consumer Cyclical sector and 108.13% lower than that of the Auto Parts industry. The return on equity for all United States stocks is 63.0% lower than that of the firm.
Nokian Renkaat Oyj Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nokian Renkaat's current stock value. Our valuation model uses many indicators to compare Nokian Renkaat value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nokian Renkaat competition to find correlations between indicators driving Nokian Renkaat's intrinsic value. More Info.Nokian Renkaat Oyj is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nokian Renkaat's earnings, one of the primary drivers of an investment's value.About Nokian Renkaat Financial Statements
Nokian Renkaat stakeholders use historical fundamental indicators, such as Nokian Renkaat's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nokian Renkaat investors may analyze each financial statement separately, they are all interrelated. For example, changes in Nokian Renkaat's assets and liabilities are reflected in the revenues and expenses on Nokian Renkaat's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Nokian Renkaat Oyj. Please read more on our technical analysis and fundamental analysis pages.
Nokian Renkaat Oyj develops and manufactures tires in Finland, Nordics, Russia, the rest of Europe, Asia, the Americas, and internationally. Nokian Renkaat Oyj was founded in 1898 and is headquartered in Nokia, Finland. Nokian Tyres operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 4927 people.
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Other Information on Investing in Nokian Pink Sheet
Nokian Renkaat financial ratios help investors to determine whether Nokian Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nokian with respect to the benefits of owning Nokian Renkaat security.