contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


nokia-cash-flow-based-valuation-not-attractive

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Atte Riikola

Nokia is a global telecommunications company. The company offers solutions in IP, broadband, digital health, and cloud-based systems. The customers are found in a broad base of markets and consist of large corporate customers, authorities, and private consumers. The business is established on a global level in all regions. Nokia was founded in 1865 and the head office is located in Esbo, Finland.

At what price are you willing to sell your Nokia position?    6.5€ / share 7.0€ / share 7.5€ / share 8.0€ / share 8.5€ / share 9.0€ / share 9.5€ / share      0 äänestäjää

Salkunrakentaja is reporting on Nokia / Nokia’s selection for Morgan Stanley’s ‘Top Picks’ list. MS raised the target price to €6.5. By the way, the Infinera acquisition has been a bullseye for Nokia’s value                    SalkunRakentaja – 17 Jan 26              Morgan Stanley nosti Nokian vuoden 2026 suosikkiosakkeiden listalle –...    Yhdysvaltalaispankki luottaa Nokiaan sen laajentuessa uusiin kasvualueisiin. Infinera-kauppa vahvisti yhtiön asemaa optisen verkkoteknologian markkinoilla.                             “Nokia upgraded to “overweight” at Morgan Stanley on AI, data center demand” https://www.investing.com/news/stock-market-news/nokia-upgraded-to-overweight-at-morgan-stanley-on-ai-data-center-demand-4448989

https://www.sdxcentral.com/news/nokia-and-ericsson-in-brand-synergy-with-eu-ai-and-5g-concerns/ 1. European AI Gap and Infrastructure Bottleneck Leadership at Nokia and Ericsson has taken a hard line ahead of the World Economic Forum (WEF) in late January.  Nokia Research: 75% of European business leaders feel that current network infrastructure limits their AI ambitions. Nearly half (45%) believe these constraints delay or entirely prevent AI investments. Geographical Divide: Europe is significantly lagging behind the United States and Asia in network coverage and investment levels. AI requires “5G Standalone” (5G SA) networks to function effectively, of which there are currently few in Europe.  2. China and the USA as Pioneers  China: Ericsson CEO Börje Ekholm highlights China as an example of “lighthouse factories,” where 5G integration has already enabled extensive robotics and a drone economy. United States: The USA leads in market-driven innovation, particularly in AI integration and Open Radio Access Networks (Open RAN).  3. Demand for Banning Chinese “High-Risk” Vendors Nokia is demanding that the EU tighten its grip and make the so-called 5G Toolbox recommendations binding.  Security First: Nokia wants to extend the ban to include fiber and optical networks, citing the threat of industrial espionage. Current Status: Although the EU is pressuring member states to remove Huawei and ZTE from their networks, only 13 out of 27 countries have taken action. In Germany, for example, Deutsche Telekom’s networks still rely heavily on Huawei.  4. Turning Point in Regulation and Funding (January 2026)  Cybersecurity Act: The European Commission (led by Vice President Henna Virkkunen) is set to introduce a reform in late January that could block the use of EU funding for equipment from high-risk vendors. Digital Networks Act: The new legislation aims to harmonize spectrum policy and facilitate operator mergers to ensure that players in Europe are large enough to invest in new technology.

Benzinga              What's Driving the Market Sentiment Around Nokia Oyj? - Nokia (NYSE:NOK)                              Benzinga Pron mukaan Nokia Oyj:n vertailuryhmän keskimääräinen lyhyiden positioiden osuus osakekannasta on 7,58 %, mikä tarkoittaa, että yhtiöllä on vähemmän lyhyitä positioita kuin useimmilla vertailuryhmän muilla yhtiöillä.

So 4G passed them by, 5G passed them by… I wonder if it’s time for Nokia (and Ericsson) to return to the consumer market?

Ericsson and Nokia layoffs reflect the grisly state of 5G technology The combined headcount of Ericsson and Nokia has plummeted by more than 36,000 jobs since 2017, and more layoffs are on the way. https://www.lightreading.com/5g/ericsson-and-nokia-cuts-reflect-the-grisly-state-of-5g

It’s hard to completely disagree with this. However, a positive perspective offers a bright future. If bringing AI computing to the network edge becomes a reality and use cases are found for it, there is massive upside for Nokia’s share price.

Nokia

Overall, Nokia's Q4 results and outlook for 2024 were broadly in line with expectations. We saw no need for significant changes to our earnings forecasts at the group level, and which is why we found the share price reaction (+11%) on earnings day surprising.

<p>Overall, Nokia's Q4 results and outlook for 2024 were broadly in line with expectations. We saw no need for significant changes to our earnings forecasts at the group level, and which is why we found the share price reaction (+11%) on earnings day surprising. The valuation of the stock still looks moderate on adjusted earnings, but not particularly attractive in light of the free cash flow burdened by restructuring costs in the coming years. </p> 

	2023	24e	25e
Revenue	22,279.0	21,711.2	21,889.0
growth-%	-10.6 %	-2.5 %	0.8 %
EBIT (adj.)	2,375.0	2,490.2	2,419.6
EBIT-% (adj.)	10.7 %	11.5 %	11.1 %
EPS (adj.)	0.29	0.33	0.32
Dividend	0.13	0.14	0.16
Dividend %	4.3 %	2.5 %	2.8 %
P/E (adj.)	10.6	17.5	17.8
EV/EBITDA	5.3	10.8	10.4

Nokia: Cash flow-based valuation is not attractive

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Key Estimate Figures25.01.2024

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