Nokia Oyj Stock Revenue
| NOKIA Stock | CZK 99.61 0.19 0.19% |
Nokia Oyj fundamentals help investors to digest information that contributes to Nokia Oyj's financial success or failures. It also enables traders to predict the movement of Nokia Stock. The fundamental analysis module provides a way to measure Nokia Oyj's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nokia Oyj stock.
Nokia |
Nokia Oyj Company Revenue Analysis
Nokia Oyj's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Nokia Oyj Revenue | 22.02 B |
Most of Nokia Oyj's fundamental indicators, such as Revenue, 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, Nokia Oyj is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, Nokia Oyj reported 22.02 B of revenue. This is much higher than that of the Technology sector and significantly higher than that of the Communication Equipment industry. The revenue for all Czech Republic stocks is 133.39% lower than that of the firm.
Nokia Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nokia Oyj's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nokia Oyj could also be used in its relative valuation, which is a method of valuing Nokia Oyj by comparing valuation metrics of similar companies.Nokia Oyj is currently under evaluation in revenue category among its peers.
Nokia Fundamentals
| Return On Equity | -14.37 | |||
| Return On Asset | 3.47 | |||
| Profit Margin | (9.74) % | |||
| Operating Margin | 9.66 % | |||
| Current Valuation | 611.75 B | |||
| Shares Outstanding | 5.63 B | |||
| Shares Owned By Insiders | 5.85 % | |||
| Shares Owned By Institutions | 28.79 % | |||
| Price To Book | 52.44 X | |||
| Price To Sales | 32.77 X | |||
| Revenue | 22.02 B | |||
| Gross Profit | 8.59 B | |||
| EBITDA | 3.02 B | |||
| Net Income | (2.15 B) | |||
| Cash And Equivalents | 9.03 B | |||
| Cash Per Share | 1.60 X | |||
| Total Debt | 6.19 B | |||
| Debt To Equity | 0.45 % | |||
| Current Ratio | 1.60 X | |||
| Book Value Per Share | 2.43 X | |||
| Cash Flow From Operations | 2.93 B | |||
| Earnings Per Share | (0.38) X | |||
| Number Of Employees | 92.04 K | |||
| Beta | 0.57 | |||
| Market Capitalization | 721.5 B | |||
| Z Score | 69.6 | |||
| Last Dividend Paid | 0.05 |
About Nokia Oyj Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nokia Oyj's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nokia Oyj using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nokia Oyj based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Nokia Oyj
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nokia Oyj position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nokia Oyj will appreciate offsetting losses from the drop in the long position's value.Moving against Nokia Stock
The ability to find closely correlated positions to Nokia Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nokia Oyj when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nokia Oyj - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nokia Oyj to buy it.
The correlation of Nokia Oyj is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nokia Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nokia Oyj moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nokia Oyj can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Nokia Stock Analysis
When running Nokia Oyj's price analysis, check to measure Nokia Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nokia Oyj is operating at the current time. Most of Nokia Oyj's value examination focuses on studying past and present price action to predict the probability of Nokia Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokia Oyj's price. Additionally, you may evaluate how the addition of Nokia Oyj to your portfolios can decrease your overall portfolio volatility.