Nokian Renkaat (Germany) Today
| NRE Stock | EUR 7.44 0.07 0.93% |
Performance0 of 100
| Odds Of DistressLess than 33
|
Nokian Renkaat is trading at 7.44 as of the 27th of November 2024. This is a 0.93 percent decrease since the beginning of the trading day. The stock's lowest day price was 7.44. Nokian Renkaat has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Nokian Renkaat Oyj are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of September 2024 and ending today, the 27th of November 2024. Click here to learn more.
Nokian Renkaat Oyj develops and manufactures tires in Finland, Sweden, Norway, Russia, the rest of Europe, North America, and internationally. The company was founded in 1898 and is headquartered in Nokia, Finland. NOKIAN RENKAAT operates under Rubber Plastics classification in Germany and is traded on Frankfurt Stock Exchange. The company has 138.25 M outstanding shares. More on Nokian Renkaat Oyj
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Nokian Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nokian Renkaat's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokian Renkaat or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Rubber & Plastics, Consumer Cyclical (View all Sectors) |
Nokian Renkaat Oyj (NRE) is traded on Frankfurt Exchange in Germany and employs 4,542 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokian Renkaat's market, we take the total number of its shares issued and multiply it by Nokian Renkaat's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nokian Renkaat Oyj classifies itself under Consumer Cyclical sector and is part of Rubber & Plastics industry. The entity has 138.25 M outstanding shares.
Nokian Renkaat Oyj has accumulated about 109.3 M in cash with 396.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.79.
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Ownership AllocationNokian Renkaat Oyj maintains a total of 138.25 Million outstanding shares. 30% of Nokian Renkaat outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Nokian Renkaat Oyj Risk Profiles
Although Nokian Renkaat's alpha and beta are two of the key measurements used to evaluate Nokian Renkaat's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.14 | |||
| Standard Deviation | 1.45 | |||
| Variance | 2.09 | |||
| Risk Adjusted Performance | (0.08) |
Nokian Stock Against Markets
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Nokian Renkaat Corporate Management
Elected by the shareholders, the Nokian Renkaat's board of directors comprises two types of representatives: Nokian Renkaat inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nokian. The board's role is to monitor Nokian Renkaat's management team and ensure that shareholders' interests are well served. Nokian Renkaat's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nokian Renkaat's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brian CPA | Ex CFO | Profile | |
| Matthew Goetz | VP Management | Profile | |
| Dennis Sauter | G Counsel | Profile | |
| Matthew JD | Ex Officer | Profile | |
| Manu Salmi | Ex Factory | Profile | |
| Peter Chia | Plant Director | Profile | |
| Paivi M | VP HR | Profile |
Other Information on Investing in Nokian Stock
Nokian Renkaat financial ratios help investors to determine whether Nokian Stock 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.